Overview and Scope
Top robotics refers to a branch of engineering that manufactures industrial and service robotics which are digitized, highly programmable, and capable of moving across more than three dimensions.
Sizing and Forecast
The top robotics market size has grown exponentially in recent years. It will grow from <b>$106.7 billion in 2023 to $129.42 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. </b> The growth in the historic period can be attributed to growing emphasis on reduction in human error, government initiatives for the adoption of robotics, surge in demand for industrial robots, rising usage of robots in both the industrial and domestic sectors, labor shortages.
The top robotics market size is expected to see rapid growth in the next few years. It will grow to <b>$267.68 billion in 2028 at a compound annual growth rate (CAGR) of 19.9%. </b> The growth in the forecast period can be attributed to growing demand for cleaning robots, government support for worker shortages, e-commerce and logistics growth, increasing use of robots in healthcare, focus on sustainability and reducing carbon footprints. Major trends in the forecast period include collaborative robots (cobots), ai advancements, industrial automation, humanoid and social robots, robotics as a service (raas).
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Segmentation & Regional Insights
The top robotics market covered in this report is segmented –
1) By Type: Top Industrial Robotics, Top Services Robotics
2) By Application: Handling, Welding And Soldering, Assembling And Disassembling, Dispensing, Other Applications
3) By End Use Industry: Automotive, Electrical And Electronics, Metals And Machinery, Food And Beverages, Pharmaceuticals And Cosmetics, Other End Use Industries
<b>Asia-Pacific</b> was the largest region in the top robotics market in 2023. The regions covered in the top robotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in use of robots in the logistics sector is projected to fuel the growth of the top robotics market over the coming years. The total procedure of handling how assets are bought, stored, and transported to their eventual destination is referred to as logistics. Robotics in logistics allows for remote connections with devices from which humans can observe and oversee the robot’s operations, as well as lower logistics costs, more rapid cargo preparation, and higher delivery precision. For instance, according to the International Federation of Robotics, a US-based professional non-profit organization to promote, strengthen and protect the robotics industry, about 121,000 professional service robots were sold in 2021. Sales of medical robots were up 23% to 14,823 units. Therefore, the increasing use of robots in the logistics sector drives the growth of the top robotics market.
Key Industry Players
Major companies operating in the top robotics market include <b> ABB Ltd., The Yaskawa Electric Corporation, FANUC Corporation, KUKA AG, Kawasaki Heavy Industries Ltd., Nachi-Fujikoshi Corp., Honda Motor Co. Ltd., Mitsubishi Electric Corporation, Northrop Grumman Corporation, Denso Corporation, Seiko Epson Corporation, Universal Robots, Omron Adept Technology Inc., Stäubli, Comau, Yamaha Motor Co. Ltd., ST Robotics, CMA Robotics S.P.A., Daifuku Co. Ltd., Neato Robotics, SoftBank Robotics Group Corp., GE Inspection Robotics AG, Starship Technologies, Nuro Inc., Intuitive Surgical Inc., Dürr AG, b+m Surface Systems Pvt. Ltd., igm Robotersysteme AG, Franka Emika GmbH, iRobot Corporation, DeLaval, Stryker Corporation </b>
The top robotics market report table of contents includes:
1. Executive Summary
2.Top Robotics Market Characteristics
3.Top Robotics Market Trends And Strategies
4.Top Robotics market analysis
5.Top Robotics Market Size And Growth
6.Top Robotics Segmentation
7.Top Robotics Regional And Country Analysis
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27.Top Robotics Competitive Landscape And Company Profiles
28.Top Robotics Key Mergers And Acquisitions
29. Top Robotics Future Outlook and Potential Analysis
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