Robotics Market Trends

Robotics Market size was valued at USD 39.54 Billion in 2023 and is poised to grow from USD 46.1 Billion in 2024 to USD 156.99 Billion by 2032, growing at a CAGR of 16.60% during the forecast period (2025-2032).

'Intuitive Surgical (US) ', 'Daifuku (Japan) ', 'DJI (China) ', 'iRobot (US) ', 'Kongsberg Maritime (Norway) ', 'DeLaval (Sweden) ', 'Amazon Robotics (US) ', 'Softbank Robotics (Japan) ', 'UBTECH Robotics (China) ', 'Precision Hawk (US) ', 'Hanson Robotics (China) ', 'CYBERDYNE (Japan) ', 'Parrot (France) ', 'GE Inspection Robotics (Switzerland) ', 'Stryker (US)'

Non-industrial robots have the potential to be market catalysts when developers and engineers adapt robotics technology to new application areas. Healthcare is expected to be the fastest expanding industry, with robots already playing an important part in less invasive surgery. Robots are now utilised in the healthcare industry for minor operations such as urology and gynaecology but may be used in more difficult medical procedures soon. Agriculture is another emerging field for robotics use, owing to a manpower scarcity and rising expenses. Crop harvesting robots are performing admirably. Picking vegetables and fruits without hurting them has become standard practice for robots. Intelligent robotic harvesters can be outfitted with cutting-edge graphic processing units (GPUs) to determine the ripeness of the fruit. As developers begin to construct application-centric robots, robotic technologies are quickly extending their application field. Thus, the rapid spread of automated technology use cases outside of industrial applications justifies the market's large growth. 

Service-Enabled Robotics to Gain Traction: One of the key reasons for the need for robots is that they can do repetitive and less ergonomic tasks, allowing for easy information sharing and enhancing product quality and efficiency. Furthermore, many retail organisations are implementing in-store robots to detect real-time behaviours, assist operators, and eliminate human errors. Furthermore, because smart robotic vacuum cleaners are lightweight, compact, and low maintenance, they are widely used for mopping, cleaning, and ultraviolet (UV) sterilising of residential and commercial environments. This, together with the breakout of the coronavirus illness (COVID-19) and individuals' rising concern on preserving health and cleanliness, is positively affecting demand for smart robots to prevent pandemic spread and provide a safe workplace. 

Asia-Pacific dominates the global robotics market due to high government support, quality manufacturing base and huge investments in automation. Countries such as China, Japan and South Korea are particularly rapidly increasing the use of robotics. They have a competitive advantage over others. Furthermore, as Asia Pacific focuses on introducing robots in sectors such as consumer electronics, healthcare services and logistics, it is becoming a major player in industrial robotics space across the globe thus continuing to drive the growth of the market.