Industrialization Surge Fuels Commercial Robot Market Growth Driving Market Acceleration in the Commercial Robots Industry, 2025

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How Large Will the Commercial Robots Market Size By 2025?
The market size for commercial robots has experienced substantial growth in the past few years. It's projected to increase from $24.9 billion in 2024 to $30 billion in 2025, marking a compound annual growth rate (CAGR) of 20.5%. The past expansion in this market was stimulated by factors such as the heightened demand for automation, the rising need for efficiency and productivity, increasing awareness regarding safety matters, augmented investment in research and development, rising attraction towards robotics as a service (RaaS) models, expanding robotic applications in the construction sector, and increasing acceptance of collaborative robots (cobots).

How Big Is the Commercial Robots Market Size Expected to Grow by 2029?
Anticipations point towards a significant expansion of the commercial robots market size in the upcoming years, with projections indicating a rise to $62.4 billion in 2029 and a compound annual growth rate (CAGR) of 20.1%. This increase during the forecast period may be due to factors like the escalating demand for automation, heightened understanding of robotics advantages in healthcare, increased focus on improving logistics and warehousing efficacy, and growing investments in robot-focused startups. Other contributing factors include the escalating demand for robotic automation solutions and the increasing demand for autonomous vehicles. There are several notable trends projected for the forecast period, including more widespread integration of artificial intelligence and machine learning, a rise in the use of Internet of Things (IoT) technology, an increase in the concept of smart factories, the higher adoption of collaborative robots and robotic process automation (RPA), application of advanced sensors like LiDAR, the integration of robotics in small and medium-sized businesses (SMEs), increase in adoption of telepresence robots, integration of drones, and advancements in robotic hardware technologies.

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Which Key Market Drivers Powering Commercial Robots Market Expansion and Growth?
The surge in industrialization is set to stimulate the expansion of the commercial robot market. Industrialization, which includes mechanizing production, utilizing non-living energy sources, and structuring labor on a grand scale in factories and businesses, permits mass production and economic progress. Factors such as the flourishing industrial revolution and the expanding manufacturing sector are causing industrialization to soar. Businesses use commercial robots to mimic, support, or substitute human activities and roles. For example, as per data published by China's National Bureau of Statistics (NBS), the institution in charge of data gathering, examining, researching, and disseminating, the nation's industrial output rose by 4.6% year on year in October 2023, surpassing expectations of a 4.4% rise. This growth was quicker than the 4.5% rate noted in September 2023. Consequently, the escalating industrialization is fueling growth in the commercial robot market.

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Which Fast-Growing Trends Are Poised to Disrupt the Commercial Robots Market?
Key players in the commercial robot market are directing their efforts towards investing in innovative robotic technologies like the third-generation delivery robot, with the goal of refining delivery services in city areas and enhancing both productivity and customer contentment. A third-generation delivery robot is described as a superior autonomous delivery robot that introduces various improvements compared to its predecessors concerning technology, function, and ease of use. For example, in October 2024, Serve Robotics, Inc., a U.S. firm recognized for creating and implementing robotic delivery solutions, launched their newest third-generation delivery robot designed to boost food and beverage delivery services in Los Angeles, as stated in a company report. This cutting-edge robot comes with a larger capacity for bigger items like pizzas, improved speed, and battery longevity for extended travel ranges on a single charge, superior water resistance, and quicker brakes for improved performance under unfavorable weather conditions. Initially a part of Postmates which was acquired by Uber, Serve Robotics plans to tap into the populous delivery market in L.A., functioning in places such as Hollywood and Koreatown. The firm highlights the environmental and economic gains of these robots, which have the potential to reduce delivery expenses, stimulate local trade, and open up new job prospects in the gig economy.

What Are the Emerging Segments in the Commercial Robots Market?
The commercial robots market covered in this report is segmented -

1) By Type: Field Robots, Medical Robots, Autonomous Guided Robotics, Drones, Other Types
2) By Technology: Automatic, Semi-Automatic, Manual
3) By Application: Medical And Healthcare, Defense And Security, Agriculture And Forestry, Marine, Other Applications

Subsegments:
1) By Field Robots: Agricultural Robots, Construction Robots, Mining Robots
2) By Medical Robots: Surgical Robots, Rehabilitation Robots, Diagnostic Robots
3) By Autonomous Guided Robotics: Automated Guided Vehicles (AGVs), Automated Material Handling Systems
4) By Drones: Commercial Drones for Delivery, Surveillance Drones, Inspection Drones
5) By Other Types: Cleaning Robots, Security Robots, Retail Robots

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Who Are the Global Leaders in the Commercial Robots Market?
Major companies operating in the commercial robots market are Honda Motor Co. Ltd., Northrop Grumman Corporation, ABB Ltd., Omron Corporation, Yaskawa Electric Corporation, Kuka AG, Teradyne Inc., SICK AG, Techman Robot Inc., iRobot Corporation, SoftBank Robotics Group, UBTECH Robotics Corp Ltd., Pudu Technology Inc., Fourier Intelligence, Boston Dynamics, 3DR Inc., Sarcos Technology and Robotics Corporation, inVia Robotics Inc., PickNik Inc., Wingcopter, Vecow Co. Ltd., Robocath, Agrobot, Keenon Robotics Co. Ltd., Universal Robots A/S

Which are the Top Profitable Regional Markets for the Commercial Robots Industry?
North America was the largest region in the commercial robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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