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Emerging Trends to Reshape the Global Robotics Technology Market: Innovative Solutions In Robotic Technology as a Key Influencer
Robotics Technology Market
Robotics Technology Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of robotics technology has experienced significant expansion in the past few years. It is projected to surge from $95.87 billion in 2024 to $108.03 billion in 2025, with a compound annual growth rate (CAGR) of 12.7%. The historical growth can be credited to progress in sensor technologies, the need for industrial automation and manufacturing, the demand for accuracy and efficiency, increased interest in humanoid robots, and a rising number of investments in technology-related fields.
Robotics Technology Market Size Forecast: What's the Projected Valuation by 2029?
The market size of robotics technology is predicted to experience swift expansion in the coming years, reaching a value of $193.9 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 15.7%. Anticipated growth during the forecast period is linked to a range of factors such as the expansion of collaborative robotics, integration of robots in the healthcare sector, upsurge in the utilization of drones and unmanned systems, rise in consumer robotics applications, and the incorporation of 5g technology in robotics. Key trends to watch out for during the forecast period consist of technological breakthroughs in artificial intelligence, the rise of soft robotics, adoption of Robotics as a Service (Raas) models, increased focus on explainable AI in robotics, and an upturn in human-robot collaboration across various sectors.
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What Are the Drivers Transforming the Robotics Technology Market?
The continual progress towards automation is propelling the expansion of the robotic technology market. The growing application of automation, artificial intelligence, and additional technologies is modifying the interaction between humans and machines. Numerous firms have broadened their deployment of automation, suggesting it will enable smart machines to make intricate or critical judgments. The application of automation is utilized throughout a corporation and ecosystem to form a more responsive enterprise capable of rapidly accommodating new technological operating models. This transformation from conventional methods to automation has altered market dynamics, resulting in a rise in the acceptance of robotic technologies. For example, in September 2023, the International Federation of Robotics, a professional non-profit organization based in Germany, published the World Robotics report which revealed that there were 553,052 industrial robot installations globally in factories, indicating a 5% annual growth rate in 2022. Consequently, this progressive shift towards automation is expected to influence the robotic technology market positively in the future.
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What Long-Term Trends Will Define the Future of the Robotics Technology Market?
Leading corporations involved in robotic technology are pioneering new technologies like Solix to offer dependable services to their clients. Solix is a self-operating crop monitoring robot engineered to offer immediate information about field conditions, working on an individual plant basis to optimize production and efficiency. For example, in May 2022, Solinftec, an ag-tech firm based in Brazil, introduced Solix. This robot is solar-powered and uses lithium-ion batteries for power storage. It encompasses an onboard camera and sensors, combined with artificial intelligence (AI) technology, to oversee plant health, spot insect damage, and identify alterations in the field.
Which Segments in the Robotics Technology Market Offer the Most Profit Potential?
The robotics technologymarket covered in this report is segmented -
1) By Type: Industrial Robots, Mobile Robots, Service Robots, Other Types
2) By Component: Hardware, Software, Service
3) By End User: Aerospace Manufacturing, Agriculture, Automotive Manufacturing, Building Maintenance, Chemical and Fuel Processing, Construction, Consumer Products Manufacturing, Other End Users
Subsegments:
1) By Industrial Robots: Articulated Robots, SCARA Robots (Selective Compliance Assembly Robot Arm), Cartesian Robots, Delta Robots, Collaborative Robots (Cobots), Other Industrial Robots
2) By Mobile Robots: Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Drones, Other Mobile Robots
3) By Service Robots: Professional Service Robots, Personal Service Robots, Healthcare Robots, Educational Robots, Other Service Robots
4) By Other Types: Humanoid Robots, Exoskeletons, Telepresence Robots, Robotic Process Automation (RPA), Other Specialized Robots
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Which Firms Dominate the Robotics Technology Market by Market Share and Revenue in 2025?
Major companies operating in the robotics technology market include Asea Brown Boveri Group (ABB), FANUC Corporation, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corporation, Denso Corporation, Yaskawa Electric Corporation, Omron Corporation, Seiko Epson Corporation, Stäubli Robotics, Komatsu Ltd., Panasonic Corporation, Nachi-Fujikoshi Corp, NVIDIA Corporation, Anduril Industries, Boston Dynamics Inc., Diligent Robotics Inc., Intuitive Surgical Inc., Starship Technologies Inc., Nuro Inc., iRobot Corporation, Vecna Robotics Inc., Toshiba Corporation, AeroVironment Inc., Raytheon Technologies Corporation, Stryker Corporation, NEC Corporation, Ribbon Communications Operating Company Inc., ZTE Corporation
Which Regions Offer the Highest Growth Potential in the Robotics Technology Market?
Asia-Pacific was the largest region in the robotics technology market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the robotics technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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