Advanced Robotics Market Huge Growth in Future Scope 2024-2032

The Advanced Robotics Market is Valued USD 24.33 billion in 2024 and projected to reach USD 80 billion by 2032, growing at a CAGR of 20% During the Forecast period of 2024-2032.

Advanced robots are capable robots with enhanced senses, dexterity, and intelligence used to automate tasks or support humans. As compared to traditional robots, advanced robots possess exceptional perception, adaptability, mobility, and integrability. These robots are compact and adaptive and can be used as human substitutes in manufacturing sector along with service sector. Moreover, advanced robotics can facilitate the innovations in surgical robots, exoskeleton braces, and robotic prosthetics, thereby assisting individuals with mobility problems to carry out their routine tasks in a normal way. Growing need for developing organizational competencies and designing effective system architecture will add to the popularity of advanced robotics in the coming years.

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Advanced Robotics Market Growth Drivers:

Advanced robotics yield advantages such as improved productivity, safety, quality, and agility and this will steer the market trends. Breakthroughs in machine vision, AI, actuators, sensing technology, and machine to machine interactions will further accentuate the business growth over the coming decade. Reportedly, integrating advanced robotics with other systems as well as process enhancements or layouts are likely to yield cost savings worth nearly 41% over the coming years.

Additionally, it helps in improving human-machine interaction as well as the end-user interface. Escalating need for creating autonomous & decentralized production processes and integration of additive manufacturing techniques with advanced robotics will enlarge the market scope over the forthcoming years. Nonetheless, with fewer acceptances of advanced robots by small-scale industries due to budgetary constraints, the market may witness growth
retardation for a temporary period.

Advanced Robotics Market Segments:

According to the report, the Advanced Robotics Market is segmented in the following ways which fulfil the market data needs of multiple stakeholders across the industry value chain -

The Leading Players involved in the global Advanced Robotics Market are:
ABB Ltd, Denso Corporation, LG Electronics, Fanuc Corporation, KUKA AG, Graze Robotics, Kawasaki Robotics (Kawasaki Heavy Industries, Ltd.), Mitsubishi Electric Corporation, OMRON Corporation, Seiko Epson Corporation, Stäubli International AG, Yaskawa Electric Corporation, NXP Semiconductors, Rethink Robotics, CMA Robotics, ST Robotics, Techman Robots, and Others.

Industry Development:

In March 2024, LG Electronics invested $60 million in Bear Robotics Inc., a Silicon Valley-based service robot startup, highlighting LG's commitment to advancing robotics as a key growth driver.

In November 2023, Graze Robotics announced the launch of its commercial-grade robotic lawn mower, emphasizing the company's focus on innovation and efficiency in landscaping technology.

Market segmentation:

By Component
Hardware
Sensors
Actuators
Controllers
Power Supply
Software
Operating Systems
Navigation and Control Software
Simulation and Programming
Services
Medical Assistance
Cleaning and Maintenance
Security and Surveillance
Hospitality and Customer Service
Education and Entertainment
Personal Assistance
Agriculture Assistance
Others

By Type of Robot
Industrial Robots
Service Robots
Medical Robots

By Technology
AI & Machine Learning
Sensors & Perception
Computer Vision
Control Systems
Cloud Robotics
Human-Robot Interaction

By Functionality
Automation Robots
Teleoperation Robots
Autonomous Robots
Collaborative Robots (Cobots)
Exoskeletons

By Mode of Operation
Fully Autonomous Robots
Semi-Autonomous Robots
Remote-Controlled Robots

By Application
Manufacturing & Assembly
Healthcare & Medical Robotics
Logistics & Warehousing
Agriculture & Farming
Defense & Security
Construction & Demolition
Entertainment & Education
Others

By End-use Industry
Automotive
Electronics
Healthcare and Pharmaceuticals
Food and Beverage
Aerospace and Defense
Energy and Utilities
Retail
Agriculture
Others

Countries Covered:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)

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Key Features of the Advanced Robotics Market Report:

✅ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.

✅ Examine the market opportunities for stakeholders by identifying higher growth sections.

✅ To study and analyze the global market industry status and forecast including key regions.

✅ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

✅ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

✅ It helps you make strategic business decisions and investment plans.

Table of Content:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Advanced Robotics Market

Chapter 2: Exclusive Summary - the basic information of the Advanced Robotics Market

Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Advanced Robotics Market

Chapter 4: Presenting the Advanced Robotics Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis

Chapter 5: Displaying the by Type, End User and Region/Country

Chapter 6: Evaluating the leading manufacturers of the Advanced Robotics Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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This release was published on openPR.