Press release
Strong Growth Ahead: Advanced Robotics Market Size To Grow At Arecord 21.6% Cagr By 2029
Advanced Robotics Market
How Big Is the Advanced Robotics Market Size Expected to Be by 2034?
In recent times, the size of the advanced robotics market has witnessed quick expansion. It is projected to expand from $34.90 billion in 2024 to $41.51 billion in 2025, with a compound annual growth rate (CAGR) of 19.0%. The remarkable growth recorded during the historical period can be ascribed to factors such as the surge in industrial automation, heightened demand for precision manufacturing, increased usage of robotics in the automotive sector, expanding military applications, along with an escalation in government funding for robotics research.
In the coming years, the advanced robotics market is anticipated to experience significant growth, expanding to a valuation of $82.07 billion by 2029 with a CAGR of 18.6%. The rise observed during the forecast period is due to an increasing dependence on AI and machine learning, the emergence of mechatronics, initiatives to reduce costs, increased demand for humanoid robots, and the growing use of robotics in the healthcare sector. The forecast period is poised to witness key trends such as adoption of technological advancements in autonomous systems, improvements in AI-driven robotics, merging of robotics with IoT, incorporation of edge computing in robotics, and the integration of robotics platforms with cloud-based systems.
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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 growth of the advanced robotics industry is predicted to accelerate due to the rising demand for self-driving cars. Autonomous vehicles (AV) are advanced, self-operating vehicles that function free from human interference using sophisticated sensors, AI, and cameras to manoeuvre and control their movements. An increase in the demand for these vehicles comes from a desire for safer, more efficient, and hassle-free travel options. Autonomous vehicles employ high-tech AI, sensors, and machine learning to reduce human mistakes, which are a significant factor in road accidents. They also better traffic movement, decrease gridlock, and maximize fuel effectiveness by making on-the-spot driving decisions. Integral to the creation and function of autonomous vehicles is advanced robotics, which blends AI, machine learning, and sensor devices enabling vital real-time decision-making and accurate control. As per a report from the Insurance Institute for Highway Safety, a non-profit establishment from the US centered on enhancing road safety, it is expected that by 2025 there will be 3.5 million autonomous vehicles on the streets of the US, rising to 4.5 million by 2030. Consequently, the burgeoning demand for autonomous vehicles is stimulating the expansion of the advanced robotics industry.
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?
Prominent players in the sector of advanced robotics are heavily investing in the integration of ground-breaking technology to bolster automation capabilities, refine decision-making mechanisms, and foster innovative autonomous functions. Cutting-edge technology is synonymous with the pinnacle of technological innovation, pushing the boundaries of what is currently feasible. This can encompass advances in artificial intelligence, robotics, biotechnology, quantum computing, and other rising areas. For example, in January 2025, the technology company based in China, RoboSense Technology Co., Ltd., unveiled AI Robotics Strategy, Humanoid Robotic Prototype, and Three Digital LiDAR Products (EM4, E1R, and Airy). The EM4 LiDAR presents ultra-long-range detection of up to 600 meters coupled with 1080P high-definition 3D perception, tailored for self-driving vehicles. The E1R LiDAR caters to robotics applications, boasting a 120° × 90° ultra-wide field of view and precise obstacle detection and avoidance. The Airy LiDAR is engineered with a 360° × 90° hemispherical visual field, facilitating an all-round perception in compact designs, 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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