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Industrial Robotics Market

Industrial Robotics Market

The market for Industrial Robotics was estimated at $16.3 billion in 2023; it is anticipated to increase to $34.7 billion by 2030, with projections indicating growth to around $59.5 billion by 2035.

Report ID:DS1205005
Author:Chandra Mohan - Sr. Industry Consultant
Published Date:November 2024
Datatree
Semiconductors & Electronics
Robotics
Industrial Robotics
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Report Summary
Table of Contents
Methodology
Market Data

Global Industrial Robotics Market Outlook

Revenue, 2023

$16.3B

Forecast, 2033

$48.0B

CAGR, 2023 - 2033

11.4%
The Industrial Robotics industry revenue is expected to be around $20.2 billion in 2024 and expected to showcase growth with 11.4% CAGR between 2025 and 2034.

Robots are widely used in industries such as manufacturing, automotive, electronics and healthcare. The market is influenced by the progress in AI and machine learning the increasing use of automation and the rising need for robots, in fast paced industrial settings.

Industrial Robotics market outlook with forecast trends, drivers, opportunities, supply chain, and competition 2023-2033

Market Key Insights

  • The Industrial Robotics market is projected to grow from $16.3 billion in 2023 to $48.0 billion in 2033. This represents a CAGR of 11.4%, reflecting rising demand across Manufacturing, Automotive and Electronics.
  • ABB, KUKA, FANUC are among the leading players in this market, shaping its competitive landscape.
  • U.S. and China are the top markets within the Industrial Robotics market and are expected to observe the growth CAGR of 8.3% to 12.0% between 2023 and 2030.
  • Emerging markets including India, Vietnam and Brazil are expected to observe highest growth with CAGR ranging between 10.9% to 14.3%.
  • Transition like Shift Towards Smart Robotics is expected to add $4.4 billion to the Industrial Robotics market growth by 2030
  • The Industrial Robotics market is set to add $31.7 billion between 2023 and 2033, with manufacturer targeting Automotive & Electronics Application projected to gain a larger market share.
  • With Rising automation in industries, and Advancements in ai and machine learning, Industrial Robotics market to expand 194% between 2023 and 2033.
industrial robotics market size with pie charts of major and emerging country share, CAGR, trends for 2025 and 2032

Opportunities in the Industrial Robotics

Expanding industrialization in emerging areas offers potential, for providers of industrial robotics.

Growth Opportunities in North America and Asia-Pacific

North America Outlook

North America excels in Industrial Robotics due to its cutting edge manufacturing techniques and widespread use in the healthcare industries with key players such as ABB and FANUC leading the way in innovation, within this geographical area.

Asia-Pacific Outlook

The Asia Pacific region stands as the market for industrial robotics due to swift industrial development and governmental backing for automation initiatives. China along, with Japan and South Korea play roles in boosting market expansion with their thriving manufacturing and electronics sectors.

Market Dynamics and Supply Chain

01

Driver: Rising Automation in Industries, and Increasing Demand for Collaborative Robots

The increasing need for effectiveness and cost savings in labor fuels the integration of robotics, across different industries. The demand, for robots that can also operate safely in changing environments is also driving the growth of robots.
AI integration enhances robotics capabilities allowing for more adaptable solutions.
02

Restraint: High Initial Investment, and High Initial Investment

For companies the initial expenses associated with buying and incorporating industrial robots can be a significant hurdle.
For companies the initial expenses associated with buying and incorporating industrial robots can be a significant hurdle.
03

Opportunity: Adoption in New Sectors and Integration with IoT and Cloud Platforms

The use of robots is expanding into unconventional industries such, as agriculture and retail. This wider range of applications showcases the versatility of these machines.
By integrating robotics with Internet of Things (IoT) and cloud technologies we can improve connectivity, efficiency and real time monitoring.
04

Challenge: Concerns Over Job Displacement

Concerns are growing about the impact of automation on employment levels, in industries that rely heavily on manual labor.

Supply Chain Landscape

1
Component Supplier

ABB

FANUC

2
System Integrator

KUKA

Yaskawa

Omron

3
End-User Industry

Industrial Manufacturers

Automotive OEMs

Electronics Manufacturers

Healthcare Facilities

*The illustration highlights the key stakeholders within the supply chain ecosystem.

Applications of Industrial Robotics in Manufacturing, Automotive & Electronics

Manufacturing

Industrial robots improve assembly lines by automating tasks and increasing precision in production processes. Kukarenown for leading the way, in providing robotics solutions for the manufacturing industry.

Automotive

In the industry robots are essential for tasks like welding and painting cars to make the process efficient and safe; FANUC and Yaskawa lead in providing specialized robotic solutions, for this sector.

Electronics

In the electronics sector¸ robots are commonly used for intricate assembly tasks¸ managing circuit boards¸ and producing semiconductors¸ with companies such, as Epson Robotics and Omron focusing on robotics tailored for electronic functions.

Healthcare

Industrial robots play a role in producing medical equipment and conducting precise surgeries in healthcare settings while also automating tasks within laboratories. Siemens Healthineers and Intuitive Surgical are players, in advancing robotics technology for the healthcare sector.

Recent Developments

October 2024

ABB introduced a collaborative robot, with upgraded AI features.

July 2024

KUKA introduced a lightweight robotic arm for small and medium-sized enterprises

March 2024

Yaskawa unveiled a robotic system integrated with IoT for real-time monitoring

Latest advancements in the Industrial Robotics sector feature ABBs robots with AI capabilities and KUKAs emphasis on designs along with Yaskawas integration of IoT technology in their systems showcases a blend of innovation and flexibility, within the industry.

Impact of Industry Transitions on the Industrial Robotics Market

As a core segment of the Robotics industry, the Industrial Robotics market develops in line with broader industry shifts. Over recent years, transitions such as Shift Towards Smart Robotics and Focus on Lightweight Collaborative Robots have redefined priorities across the Robotics sector, influencing how the Industrial Robotics market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.
01

Shift Towards Smart Robotics

By combining intelligence (AI) the Internet of Things (IoT) and cloud computing technologies together, in harmony helps enhance the intelligence and adaptability of industrial robots. This industry transition is expected to add $4.4 billion in the industry revenue between 2023 and 2030.
02

Focus on Lightweight Collaborative Robots

Manufacturers are creating secure robots that are meant to assist human workers in various settings.

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