Press release
Strong Growth Ahead: Advanced Robotics Market Size To Grow At Arecord 21.6% Cagr By 2029
Advanced Robotics
How Big Is the Advanced Robotics Market Size Expected to Be by 2034?
The market size for advanced robotics has seen significant expansion in the latest years. The market value is projected to rise from $34.90 billion in 2024 to $41.51 billion in 2025, with a compound annual growth rate (CAGR) of 19.0%. The historical growth trend can be linked to factors like escalating industrial automation, growing need for precision manufacturing, increased use of robotics in the automotive industry, expanded military applications, and a surge in government funding for robots research.
Anticipated to witness a swift escalation in the upcoming years, the advanced robotics market size is predicted to augment to $82.07 billion by 2029 with a compound annual growth rate (CAGR) of 18.6%. Factors contributing to this growth during the forecast period include an escalating reliance on AI and machine learning, the evolution of mechatronics, initiatives aimed at reducing costs, a burgeoning demand for humanoid robots, and the growing implementation of robotics in the healthcare sector. Major trends expected to dominate this forecast period encompass the adoption of technology in autonomous systems, progressive advancements in AI-fueled robotics, robotics integration with the Internet of Things (IoT), integrating edge computing in robotics, and the fusion of robotics with cloud-based platforms.
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What Are the Emerging Segments Within the Advanced Robotics Market?
The advanced robotics market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Applications: Process Industries, Technology, Automotive, Transport And Logistics, Consumer Goods, Engineered Products Industries
3) By End-User: Manufacturing, Healthcare, Aerospace And Defense
Subsegments:
1) By Hardware: Sensors, Actuators, Controllers, End Effectors, Power Supply, Communication Systems, Robot Platforms
2) By Software: Programming Software, Simulation Software, Data Analytics Software, AI And Machine Learning, Cloud-Based Software
3) By Services: Deployment And Integration Services, Maintenance And Support Services, Consulting Services, Training And Education Services, Upgradation And Retrofit Services
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What Long-Term Drivers Are Shaping Advanced Robotics Market Trends?
The anticipated surge in demand for self-driving vehicles is set to boost the expansion of the advanced robotics market. Autonomous vehicles (AVs) are vehicles that have the capacity to operate without any human input, using sophisticated sensors, cameras, and artificial intelligence (AI) to navigate their surroundings. The escalating demand for AVs is driven by a desire for more secure, efficient, and convenient transportation modalities. Autonomously-operating vehicles exploit cutting-edge AI, sensors, and machine learning technology to drastically curtail human errors, a primary contributor to road mishaps. Moreover, they enhance traffic flow, alleviate congestion, and improve fuel efficacy by making on-the-spot driving judgements. Advanced robotics is integral to the creation and functioning of autonomous vehicles, amalgamating artificial intelligence, machine learning, and sensor technologies to facilitate real-time decision making and precision control. For example, the Insurance Institute for Highway Safety, a nonprofit organization based in the US committed to enhancing vehicular safety through research and testing, predicts that the number of AVs on American roads will amount to 3.5 million by 2025 and increase to 4.5 million by 2030. Thus, the escalating demand for self-driving vehicles facilitates the expansion of the advanced robotics market.
Who Are the Top Competitors in Key Advanced Robotics Market Segments?
Major companies operating in the advanced robotics market are Lockheed Martin Corporation, DENSO Corporation, General Dynamics Mission Systems, Inc., Northrop Grumman Corporation, BAE Systems plc, Thales Group, Leonardo S.p.A., L3Harris Technologies, Inc., NXP Semiconductors, Huntington Ingalls Industries, Rheinmetall AG, Elbit Systems Ltd., Saab Seaeye Ltd, Rutronik Elektronische Bauelemente GmbH, Interuniversity Microelectronics Centre (IMEC), Kawasaki Heavy Industries Ltd, Teradyne Inc, Rafael Advanced Defense Systems Ltd., Elgi Equipments, Boston Dynamics, Carnegie Robotics, Buffoli Industries, PickNik Inc, Advanced Robotic Technology Pty Ltd, PAL Robotics, CMA Robotics, Maple Advanced Robotics Inc, Pringle Robotics, FirstIgnite, Rethink Robotics
What Advanced Robotics Market Trends Are Gaining Traction Across Different Segments?
Leading organizations in the sophisticated robotics market are prioritizing the adoption of groundbreaking technologies to boost automation abilities, augment decision-making procedures, and activate superior autonomous functionalities. Groundbreaking technology pertains to the most innovative, progressive, and cutting-edge tech developments that extend the limits of current possibilities. This innovative tech typically encompasses advancements in artificial intelligence, robotics, biotech, quantum computing, and other developing sectors. For example, RoboSense Technology Co., Ltd., a company based in China, unveiled its AI Robotics Strategy, Humanoid Robotic Prototype, and Three Digital LiDAR Products (EM4, E1R, and Airy) in January 2025. The EM4 LiDAR supports ultra-long-range detection of up to 600 meters and provides 1080P HD 3D perception for self-operating vehicles. The E1R LiDAR is intended for use in robotics, offering an ultra-wide field of view of 120° × 90° and precision in obstacle avoidance. The Airy LiDAR is equipped with a 360° × 90° hemispherical vision, supporting omnidirectional perception in compact forms, making it perfect for mobile and industrial robots.
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Which Regions Are Becoming Hubs for Advanced Robotics Market Innovation?
North America was the largest region in the advanced robotics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Advanced Robotics Market?
2. What is the CAGR expected in the Advanced Robotics Market?
3. What Are the Key Innovations Transforming the Advanced Robotics Industry?
4. Which Region Is Leading the Advanced Robotics Market?
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