Top Robotics Market to Reach USD 383.89 Billion by 2030

► Top Robotics Market to Reach USD 383.89 Billion by 2030, Driven by Automation and AI Integration

The global Top Robotics Market is projected to grow from USD 124.89 billion in 2023 to USD 383.89 billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 17.4% during the forecast period. This growth is fueled by increasing demand for automation, advancements in artificial intelligence (AI), and the integration of robotics across various industries.

Robotics is a multidisciplinary field involving the design, construction, operation, and use of robots. These programmable machines are capable of carrying out tasks autonomously or with human guidance, ranging from simple, repetitive actions to complex activities requiring advanced capabilities. The Top Robotics Market is characterized by continuous technological evolution and increasing integration of robotics across sectors such as manufacturing, healthcare, logistics, and more.

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► Competitive Landscape

Key players in the Top Robotics Market include Mitsubishi Electric, Kawasaki, Epson, Universal Robots, and UiPath. These companies are focusing on technological innovations, strategic partnerships, and expanding their global footprint to cater to the rising demand.

Asia-Pacific is anticipated to be the fastest-growing region in the Top Robotics Market, driven by rapid industrialization, technological advancements, and government initiatives promoting automation.

► Regional Insights

• United States - Growth and Consolidation

The United States leads the Top Robotics Market in the Americas, accounting for 71% of the 56,053 robot installations in the region in 2023. The country's market is experiencing steady growth, supported by advancements in AI and robotics technologies. Companies like Tesla, Boston Dynamics, and Agility Robotics are advocating for a national robotics strategy to compete with global players.

• Asia Pacific - Opportunities and Trends

Asia Pacific emerges as a powerhouse in the Top Robotics Market, with China leading as the largest market. In 2023, China set a new record with 290,258 annual robot installations, showing 5% growth and maintaining an impressive 13% average annual growth since 2017. Japan follows closely, with 50,413 annual robot installations in 2023, securing its position as the world's predominant robot manufacturing country. The Republic of Korea maintains its status as the world's number one adopter of industrial robots, with a consistent 6% increase in robot density since 2020.

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• Europe - Trends and Updation

Europe represents a substantial portion of the Top Robotics Market, driven by high adoption rates in countries like Germany. Germany, with a robot density of 415 units per 10,000 employees, stands out as the dominant region, experiencing a 5% Compound Annual Growth Rate (CAGR). The European Union as a whole remains the world's second-largest top robotics market, recording 70,781 units in 2023 with 5% growth.

• Middle East and Africa - Consolidation and Growth

The Middle East and Africa are emerging markets for Top Robotics, with growth supported by the rising number of industrial automation initiatives. The Middle East & Africa industrial robotics market is expected to grow from USD 429.59 million in 2022 to USD 871.73 million by 2030, at a CAGR of 9.2%. Countries like Saudi Arabia are automating 4,000 factories to curb reliance on low-skilled workers, and the UAE is focusing on Industry 4.0 to increase productivity.

Recent Developments

ABB has partnered with over 200 educational institutions globally to bridge the skills gap in robotics, focusing on user-friendly interfaces and the simplification of robot programming software.

Nvidia is focusing on robotics to drive its future growth, planning to release its latest computer for robots, Jetson Thor, in early 2025. The company aims to lead the expected robotics revolution by providing a full-stack solution, including software and chips.

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► Market Segmentation: In-Depth Analysis:

• 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

With a sizeable portion of installations worldwide, the automotive industry stands out as a leading section in the top robotics market. The sector's crucial significance is demonstrated in areas such as the Americas, where the expansion of the automotive industry, especially in the US, contributes to a 10% rise in robot installations, which is expected to reach 39,576 units by 2023. Following closely behind is the Electrical & Electronics section, which is fueled by technical developments in Asia, especially 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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► Learn about the top players driving innovation in the Market :

• North America:
1. iRobot Corporation (Massachusetts, USA)
2. Universal Robots (USA)
3. Rethink Robotics (Massachusetts, USA)
4. Northrop Grumman (Virginia, USA)
5. DJI (North America)

• Europe:
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)

• Asia Pacific:
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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