The global robotics market size was valued at $12.1 billion in 2020, and is expected to reach $149.9 billion by 2030, with a CAGR of 27.7% from 2021 to 2030. In 2020, Europe dominated the global robotics market, in terms of revenue, accounting for around 44.4% share of the global market. The scope of the market limits to the study of the robots that re used in automotive, healthcare, retail, electronics and similar other industries for disinfection, shelf scanning, RFID scanning, delivery, security & inspection and advertising.
The robotics market is mainly driven by increase in adoption of automation for commercial purposes. For instance, there has been increase in demand for disinfection robots post outbreak of COVID-19. Similarly, owing to its high efficiency and low operating cost, security & inspection and delivery robots are in demand in the commercial market. These factors propel the robotics market around the world.
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In addition, owing to continuous rise in demand for robotics, the R&D to invent new technologies and introduce efficient robots is continuously growing. In addition, several robotic exhibitions are being held, where developers and innovators of robotics technology participate to acquire funding from market leaders as well as from investors for R&D. Such strategies further boost growth of the robotics market.
However, the technology is still developing, therefore, the cost of robots is high, which is not affordable for small and medium businesses. In addition, lack of feasibility in operating technology hampers efficiency of robots. These factors restraint growth of the global robotics market.
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Key Players:
- Blue Ocean Robotics
- Brain Corporation
- Fetch Robotics, Inc.
- Honeywell International Inc.
- Motorola Solutions, Inc.
- RoboAds
- Siemens
- Simbe Robotics, Inc.
- SMP Robotics
- Xenex Disinfection Services Inc.
Segmentation Based On:
By Application –
Disinfection
Shelf scanning
RFID Scanning
Delivery
Security & Inspection
Advertising
By End User –
Automotive
Retail
Healthcare
Electronic
Others
Key Findings Of The Study
- The report provides an extensive analysis of the current and emerging global robotics market trends and dynamics.
- Depending on application, the security & inspection segment was the largest revenue generator in 2020.
- By and user, the retail segment generated the highest revenue in 2020.
- Region wise, Europe is anticipated to dominate the global robotics market throughout the study period.
- The report provides an extensive analysis of the global robotics market trends and emerging opportunities of the market.
- The global robotics market forecast analysis from 2021 to 2030 is included in the report.
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