Top Robotics Market Overviews
The top robotics market is a rapidly evolving industry that encompasses a wide range of robotic technologies designed for various applications across multiple sectors. The market has been experiencing significant growth due to advancements in automation, artificial intelligence (AI), and machine learning, which have enabled robots to perform complex tasks with greater efficiency and precision.
Industrial Robotics: This segment includes robots used in manufacturing and production environments, such as assembly lines, material handling, welding, painting, and inspection. Industrial robots are known for their speed, accuracy, and ability to operate in hazardous conditions, making them essential in industries like automotive, electronics, and metals.
Service Robotics: Service robots are designed to assist humans in non-industrial applications.
Professional Service Robots: Used in sectors such as healthcare (surgical robots, rehabilitation robots), logistics (warehouse automation, delivery robots), and defense (military drones, bomb disposal robots).
Personal Service Robots: Designed for personal use, including domestic robots (vacuum cleaners, lawn mowers), entertainment robots, and companion robots.
Top Robotics Market CAGR Estimation:
Top Robotics Market size was valued at USD 124.89 billion in 2023 and the total Top Robotics Market revenue is expected to grow at a CAGR of 17.4 % from 2023 to 2030, reaching nearly USD 383.89 billion.
Top Robotics Market Scope and Methodology:
The report on the top robotics market provides a comprehensive analysis of the current market trends, growth drivers, challenges, and opportunities. It covers a wide range of robotic technologies and applications across various industries, offering detailed insights into market segments, regional dynamics, and key players
The research methodology for the top robotics market report involves a multi-faceted approach, combining both primary and secondary research methods. The key steps include:
Data Collection:Primary Research: Involves direct interactions with industry experts, key opinion leaders, company executives, and other stakeholders. Methods include interviews, surveys, and discussions to gather firsthand insights and validate data.
Secondary Research: Involves the collection of data from reputable sources such as industry reports, company websites, annual reports, press releases, government publications, and academic journals.
Market Estimation and Forecasting:Market Sizing: The market size is estimated using a top-down and bottom-up approach, where the overall market size is validated by analyzing segment-level data. Historical data from 2018 to 2023 is used as a reference.
Forecasting: Projections are made for the period from 2024 to 2030, considering various market dynamics, including drivers, restraints, opportunities, and technological advancements.
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Top Robotics Market Regional Insights:
North America: The region is a significant market for robotics, driven by strong demand from the automotive, electronics, and healthcare sectors. The presence of major technology companies and a focus on innovation contribute to market growth.
Europe: Europe is a leading market for industrial robotics, particularly in automotive manufacturing. The region also has a strong presence in service robotics, with applications in healthcare and logistics.
Asia-Pacific: Asia-Pacific is the largest and fastest-growing market for robotics, led by countries like China, Japan, and South Korea. The region's growth is fueled by the demand for automation in manufacturing and the adoption of robotics in various industries.
Rest of the World: The market in Latin America, the Middle East, and Africa is also expanding, with increasing investments in automation and the development of smart factories.
Top Robotics Market Segmentation:
by Type
Articulated Robots
SCARA Robots
Cartesian Robots
Parallel Robots
Collaborative Robots
by End Use Industries
Automotive
Electrical and Electronics
Metal and Machinery
Chemicals, Rubber, and Plastics
Food & Beverages
Precision Engineering and Optics
Pharmaceuticals and Cosmetics
Others
The automotive sector emerges as a dominant segment in the top robotics market, with a significant share of installations globally. The sector's pivotal role is evident in regions like the Americas, where automotive industry growth, particularly in the United States, fuels a 10% increase in robot installations, reaching 39,576 units in 2023. The Electrical and Electronics segment follows closely, driven by technological advancements in Asia, particularly in China, Japan, and South Korea.
by Application
Handling
Welding & Soldering
Assembling & Disassembling
Dispensing
Processing
Others (Inspections & Quality Testing and Die Casting & Molding)
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Top Robotics Market Key Players:
1. iRobot Corporation (Massachusetts, USA)
2. Universal Robots (USA)
3. Rethink Robotics (Massachusetts, USA)
4. Northrop Grumman (Virginia, USA)
5. DJI (North America)
1. ABB Robotics (Zurich, Switzerland)
2. KUKA Robotics Corporation (Acquired by Midea Group) (Augsburg, Germany)
3. Robert Bosch GmbH (Germany)
4. F&P Robotics AG (Switzerland)
5. Comau (Italy)
1. FANUC Corporation (Yamanashi, Japan)
2. Yaskawa Electric Corporation (Fukuoka, Japan)
3. Kawasaki Heavy Industries, Ltd. (Hyogo, Japan)
4. Techman Robot Inc.(Taipei, Taiwan)
5. Denso Corporation (Aichi, Japan)
6. Mitsubishi (Tokyo, Japan)
7. Anhui Efort Intelligent Equipment (Anhui, China)
8. Delta Electronics (Taipei, Taiwan)
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Key questions answered in the Top Robotics Market are:
- What is Top Robotics?
- What was the Top Robotics market size in 2024?
- What is the growth rate of the Top Robotics Market?
- Which are the factors expected to drive the Top Robotics market growth?
- What are the different segments of the Top Robotics Market?
- What growth strategies are the players considering to increase their presence in Top Robotics?
- What are the upcoming industry applications and trends for the Top Robotics Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Top Robotics Market?
- Who are the leading companies and what are their portfolios in Top Robotics Market?
- What segments are covered in the Top Robotics Market?
- Who are the key players in the Top Robotics market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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