Press release
Commercial Robots Market Expansion Continues, with Forecast Valuation of $58.56 Billion by 2029
Commercial Robots
Commercial Robots Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for commercial robots has seen rapid expansion in the recent past. It is projected to swell from $24.9 billion in 2024 to $29.6 billion in 2025, with a compound annual growth rate (CAGR) of 18.9%. This growth during the historic period can be ascribed to factors such as heightened demand for automation, increasing need for efficiency and effectiveness, heightened safety awareness, escalated investment in research and development, rising interest in Robotics as a Service (RaaS) models, expanding use of robots in the construction sector and great acceptance of collaborative robots, also known as cobots.
Commercial Robots Market Size Forecast: What's the Projected Valuation by 2029?
Anticipation is mounting for a swift expansion in the commercial robots market size in the next few years. At a compound annual growth rate (CAGR) of 18.6%, it is projected to rise to $58.56 billion in 2029. The expected growth in the commercial robots market in the forecast period may be linked to an increased demand for automation, heightened awareness of the advantages of robotics in healthcare and logistics, and an uptick in investments in robot-focused startups, and surge in demand for robotic automation solutions. Also contributing to the increased need for autonomous vehicles. Along with these, there are some significant trends to look out for during the forecast period - the fusion of artificial intelligence and machine learning, adoption of Internet of Things (IoT) technology on a larger scale, shift towards smart factories, the prevalence of collaborative robots, the unleashing of robotic process automation (RPA), the use of advanced sensors like LiDAR, and the increased usage of robots by small and medium-sized enterprises. Other trends include higher usage of telepresence robots, integration of drones, and advancements in robotic hardware technologies.
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What Are the Drivers Transforming the Commercial Robots Market?
The advancement of industrialization is anticipated to spur the expansion of the commercial robot market. This entails the automation of production, utilization of non-living energy sources, and large scale labor organization in big establishments and factories, facilitating mass production and economic development. Factors contributing to the rise of industrialization include a thriving industrial revolution and a burgeoning manufacturing sector. Commercial robots are employed by companies to mimic, aid, or replace human actions and roles. As per documents released by China's National Bureau of Statistics (NBS), the agency in charge of gathering, investigating, studying, and releasing numbers, the country's industrial production rose by 4.6% annually in October 2023, surpassing the projected 4.4% rise. This increase was swifter than the 4.5% rate seen in September 2023. As such, escalated industrialization is propelling the growth of the commercial robot market.
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Which Fast-Growing Trends Are Poised to Disrupt the Commercial Robots Market?
Leading firms in the commercial robot sector are dedicating resources to state-of-the-art robotic technologies, including third-generation delivery robots, to refine delivery services in urban settings, with the goal of escalating efficiency and customer fulfillment. The term 'third-generation delivery robot' indicates a sophisticated type of autonomously operating delivery robot that carries numerous modifications over previous models, such as enhancements in the technology, functionality, and usability. For instance, in October 2024, as cited in a report by Serve Robotics, Inc, a US-headquartered company specializing in designing and deploying robotic delivery solutions, a top-tier third-generation delivery robot was unveiled, intended to optimize food and beverage delivery in Los Angeles. This refined robot possesses enlarged capacity to accommodate larger items like pizzas, boosted speed and battery longevity for extended travel lengths on a single charge, superior water resistance, and quicker braking proficiency for superior performance during unfavorable weather situations. Initially a division of Postmates, later obtained by Uber, Serve Robotics is intent on taking advantage of L.A.'s dense delivery market, operating in regions such as Hollywood and Koreatown. The company accentuates the environmental and economic advantages of these robots, which have the potential to reduce delivery expenses, stimulate local trade, and generate fresh job possibilities in the gig economy.
Which Segments in the Commercial Robots Market Offer the Most Profit Potential?
The commercial robotsmarket 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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Which Firms Dominate the Commercial Robots Market by Market Share and Revenue in 2025?
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 Regions Offer the Highest Growth Potential in the Commercial Robots Market?
North America was the largest region in the commercial robots market in 2024. 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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