Robotics: Technologies and Global Markets
The global market for robotics is estimated to increase from $55.8 billion in 2021 to $91.8 billion by 2026, at a compound annual growth rate (CAGR) of 10.5% during the forecast period of 2021-2026.
- 34 data tables and 36 additional tables
- An updated review of the global markets for robotics technologies
- Analyses of the global market trends, with data from 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the global robotics market size, and corresponding market share analysis by type of robot, robot-performed task, product group, technology, end-use industry, and geographic region
- In-depth information (facts and figures) concerning market drivers, restraints and other forces affecting the progress of this market
- Assessment of major market drivers and opportunities estimating current and future demand for robotic products, and key enabling technologies, and COVID-19 impact on the robotics industry
- Discussion of key technology developments, latest trends, and other influential factors such as research-and-development capability, installed base, branding, and ecosystem influence and partnerships
- Information on upcoming market opportunities and areas of focus to forecast this market into various segments and sub-segments
- Insight into recent industry structure, current competitive scenario, R&D activities, and regulatory and legislative issues currently focused on robotics industry ecosystem
- Review of robotics-related patent activity, recent re-issued U.S. patents, and a look into the technologically significant robotic patents
- Descriptive company profiles of the leading global manufacturers of robotic parts and technologies. Major players in the market, include ABB Group, FANUC Corp., Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corp., Rockwell Automation Inc., Robert Bosch GmbH, Siemens AG, and Yaskawa Electric Corp.
Robotics: Technologies and Global Markets (ENG001G) provides both a review of recent key developments in robotics and a forecast that examines the industry from the perspective of robot makers and their traditional and prospective end users.
Forecasts have been generated by region, by type of robot, by robot user, by robot-performed task, and by type of robotic product and market region.
Five types of robots are discussed and forecast in this report: industrial robots, professional service robots, military robots, domestic service robots, and security robots.
Seventeen types of robot end users are covered: aerospace manufacturing, agricultural, automotive manufacturing, building maintenance, chemical and fuel processing, construction, consumer products manufacturing, education and research, electrical and electronics manufacturing, food processing, government (defense), government (non-defense), healthcare, households, metals, pharmaceutical manufacturing, and textile and clothing manufacturing.
Nineteen robot-performed tasks are examined: assembly; assisted transport; building security; construction and demolition; couriers and guides; dispensing; entertainment; floor maintenance; exterior maintenance; hazardous materials disposal; inspection and sample collection; laboratory bench assistance; material handling; painting, coating and gluing; palletizing and packaging; part cutting and forming; surgery; surveillance; and welding and soldering.
Four robotic products groups are reviewed: whole robots, robot parts, robot software, and robot safety materials.
All market values are provided in millions of U.S. dollars, and all are calculated as nominal value; 2020 is considered as the base year, and 2021 as the projected year, and the values are forecast from 2022 to 2026. The CAGR (Compound Annual Growth Rate) in percentage terms represents the cumulative five-year growth.
Frequently Asked Questions (FAQs)
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
|Base year considered||2020|
|Forecast period considered||2021-2026|
|Base year market size||$48.9 billion|
|Market size forecast||$91.8 billion|
|Growth rate||CAGR of 10.5% from 2021 to 2026|
|Units considered||$ Millions|
|Segments covered||Type, End-User Industry, Robot-Performed Task, Type of Product|
|Regions covered||North America, Europe, Asia-Pacific, Rest of the World (RoW)|
|Key Market Drivers||
The global robotics market should reach $64.0 billion by 2023 from $38.1 billion in 2018 at a compound annual growth rate (CAGR) of 10.9% for the period 2018-2023.
- 84 data tables and 34 additional tables
- An overview of recent key developments in the global market for robotics technologies and a look ahead at the next five years
- Analyses of global market trends with data from 2017 to 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Coverage of market data by various segments such as robot types, end-uses, robot-performed task, types of product, application industries and geographical regions, including North America, APAC, EU and other emerging economies
- Study of impact analysis and discussion of technological, regulatory and economic trends that are affecting the robotics technologies’ market
- Evaluation of the market’s competitive dynamics, including critical success factors such as research-and-development capability, installed base, branding, and ecosystem influence and partnerships
- Company profiles of leading manufacturers and suppliers of robotics technologies, including ABB Group, Hitachi Ltd., Panasonic, Samsung, SICK Inc., Toyota Motor Corp. and Yamaha Robotics
The global robotics market reached nearly $24.9 billion in 2015. The market should reach over $25.9 billion and $31.5 billion in 2016 and 2021 respectively, increasing at a compound annual growth rate (CAGR) of 4.0% from 2016 to 2021.
- An overview of recent key developments in the global market for robotics and a look ahead at the next five years.
- Analyses of global market trends, with data from 2015, 2016, and projections of compound annual growth rates (CAGRs) through 2021.
- A review of the history of the robotics industry, and of the six basic types of robots: industrial, domestic service, professional service, security, space, and military.
- Examination of the basic technology and components (e.g., power supplies, end effectors) that are required on all types of robots.
- Discussion of the broader economic, national policy, and industrial development issues that support, and in some cases, impede the adoption of robotic technology.
- A developmental perspective of the robotics industry, as documented by its patent history.
- Profiles of major players in the industry.
The market for whole robots, robot parts, robot software, and related safety materials now approaches $22 billion. BCC Research forecasts it will rise at a five-year compound annual growth rate (CAGR) of 5.9% between 2013 and 2018, when it’s expected to surpass $29 billion.
- An overview of recent key developments in the global market for robotics and a look ahead at the next five years
- Analyses of global market trends, with data from 2011 and 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018
- A review of the history of the robotics industry, and of the six basic types of robots: industrial, domestic service, professional service, security, space, and military
- Examination of the basic technology and components (e.g., power supplies, end effectors) that are required on all types of robots
- Discussion of the broader economic, national policy, and industrial development issues that support, and in some cases, impede the adoption of robotic technology
- A developmental perspective of the robotics industry, as documented by its patent history
- Comprehensive company profiles of major players in the industry.
The global demand for robots and robot-related products was worth around $21 billion in 2010. The market is expected to grow to nearly $22 billion in 2011 and $30 billion by 2016, a compound annual growth rate (CAGR) of 6.7% between 2011 and 2016.
- The global robotics industry was worth $17.3 billion in 2008 and an estimated $17.6 billion in 2009. This should reach $21.4 billion in 2014, for a compound annual growth rate (CAGR) of 4.0%.
- The industrial robots segment is the largest segment, worth $11.5 billion in 2008. This is expected to decrease slightly to $10.5 billion in 2009, and then grow at a CAGR of 2.8% to reach $12.1 billion in 2014.
- Professional service robots is the second largest segment, generating $3.3 billion in 2008. This should increase to $4.0 billion in 2009 and $5.4 billion in 2014, for a CAGR of 6.0%.
By 2007, the robotics market will be a $16 billion industry.
Great gains will be seen in the realm of nanopositioning robotic tools.
Robots that perform hazardous and tedious duties will see extremely attractive growth rates.
Autonomous mechanical creatures will find their way into current environments.