cervicorn consulting

Advanced Robotics Market (By Service Type: Prefabrication Services, Installation Services, Regular Maintenance, Repair Services, Design Services, Consulting Services; By Application Type: Manufacturing Automation, Healthcare Robotics, Logistics and Warehousing, Agriculture Robotics, Service and Hospitality, Defense and Security; By End-Users: Large-Scale Enterprises, SMEs (Small and Medium-Sized Enterprises), Retail and Hospitality Companies) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis And Forecast 2024 To 2033

Advanced Robotics Market Size and Growth 2024 to 2033

The global advanced robotics market size was accounted at USD 38.15 billion in 2023 and is estimated to reach around USD 218.91 billion by 2033, growing at a compound annual growth rate (CAGR) of 19.09% from 2024 to 2033.

The advanced robotics market involves a large product and services portfolio that focuses on automation, effectiveness and sustainability of organizations from different sectors. These types are industrial robots, collaborative ones also referred to as cobots, service types, and autonomous mobile robots also known as ‘AMRs’. The primary movements shaping the market are in the use of artificial intelligence and machine learning for creating smart and more elastic robotic systems, IoT for increasing connectivity and data acquisition and enhanced sensor for increased accuracy and security. Besides, cost control or reduction has emerged as another strategic area of focus; efficiency gains; and tackling the workforce deficit through the use of technology. They are also helping advance other related sectors such as health, farming, supply chain, and production. Technological enhancement and automations in the industries and the conducive environment provided by the government through regulations encourage the market growth.

  • According to the International Federation of Robotics (IFR), sales of industrial robots in India reached a new record of 4,945 units installed, which represents a 54 percent increase compared to the year (2020: 3,215 units). India now holds the tenth position worldwide in terms of annual robot installations, as reported in the World Robotics report.
  • According to the International Federation of Robotics (IFR), the new World Robotics report recorded 553,052 industrial robot installations in factories worldwide, reflecting a growth rate of 5% in 2022 compared to the previous year. By region, 73% of all newly deployed robots were installed in Asia, 15% in Europe, and 10% in the Americas.

Report Highlights

  • By Region, The North America region has generated dominating market revenue of 41% in 2023.
  • By Region, The Asia Pacific experiencing significant growth in market by reporting revenue share of 21% in 2023.

Advanced Robotics Market Growth Factors

  • Increasing Demand for Automation and Efficiency: There are several factors that are proving to be instrumental in the steady rise of advanced robotics which includes increasing usage of automation across array of fields including manufacturing, logistics, and healthcare among others. Robotics solutions improve efficiency, accuracy and effectiveness by automating routine and complicated operations. That is why the use of robotics is on the rise as business try to cut down on costs and have better control over their production procedures.
  • Technological Innovations in Robotics: The improvements in robotics technology like the use of artificial intelligence, machine learning and sensors are rapidly contributing towards growth of the market. They improve the robot’s functionality and the autonomy of the workings, teach them to adapt to the resulting environment fewer chances of him getting in touch with human beings. The use of friendly robots that share work space with human beings adds to the use of robotics in many fields, including production and sales and service.
  • Rising Adoption in Healthcare: The healthcare sector is increasingly adopting advanced robotics for surgeries, rehabilitation, and patient care. Robotic-assisted surgeries offer higher precision and less invasiveness, leading to better patient outcomes and faster recovery times. Additionally, robotics in rehabilitation and elderly care helps improve patient mobility and provides support for routine tasks, addressing the growing demand for healthcare services in aging populations.
  • Growth in E-commerce and Logistics: The expansion of e-commerce has created a surge in demand for advanced robotics in logistics and warehousing. Robotics systems optimize inventory management, order fulfillment, and delivery processes, ensuring faster and more accurate operations. The use of autonomous mobile robots (AMRs) and automated guided vehicles (AGVs) in warehouses helps manage increasing order volumes and complex supply chain networks, driving market growth.
  • Government and Corporate Investments: Governments and corporations are investing heavily in robotics research and development. These investments aim to advance robotic capabilities, support innovation, and address labor shortages. Government initiatives, such as funding programs and tax incentives for automation, encourage companies to adopt robotics solutions. Corporate investments focus on developing new technologies and expanding robotic applications, contributing to market expansion.
  • Focus on Safety and Human-Robot Collaboration: As robots become more prevalent in various industries, there is an increased focus on safety and human-robot collaboration. Advanced safety features, such as collision detection and safety sensors, enable robots to operate safely alongside human workers. The emphasis on developing user-friendly and safe robotic systems ensures that robots can be integrated seamlessly into different work environments, promoting wider adoption and acceptance
  • Expansion of Prefabrication Techniques: The adoption of prefabrication in robotics systems has surged, driven by the need for faster deployment and cost efficiency. Prefabricated robotic modules, assembled off-site and integrated on-site, are becoming common. This trend is fueled by the convenience and speed of prefabrication, allowing reduced deployment time and improved quality control in robotics installations.
  • Integration of Smart Technologies: Smart technologies are increasingly being integrated into advanced robotics systems. These innovations enhance the functionality and performance of robots, including features like AI-driven automation, machine learning, and IoT connectivity. Smart robotics contribute to the development of intelligent systems, making operations more efficient and adaptive.
  • Rise of Lightweight and Eco-Friendly Materials: The use of lightweight and eco-friendly materials in robotics is a significant trend. Advanced materials such as carbon fiber, bioplastics, and recycled composites offer benefits like improved efficiency, reduced environmental impact, and ease of handling. These materials empower the creation of sustainable and high-performance robotic systems.
  • Emphasis on Modular Construction: Modular construction in robotics is gaining prominence, focusing on creating flexible and adaptable robotic designs. Modular systems allow for easy reconfiguration and upgrades, making them ideal for diverse applications in manufacturing, healthcare, and logistics. This approach helps reduce waste and enhances the adaptability of robotics systems to changing needs.
  • Growth of Integrated Solutions: The robotics market is seeing a shift towards integrated solutions, where robots are combined with other systems like sensors, AI, and control units. This holistic approach ensures that robots are not only functional but also contribute to overall system performance. Collaboration between engineers, developers, and end-users facilitates comprehensive robotic solutions and better project management.

Report Scope

Area of Focus Details
Market Size in 2024 USD 45.43 Billion
Market Size by 2033 USD 218.91 Billion
Market Growth Rate CAGR of 19.09% from 2024 to 2033
Largest Market North America
Fastest Growing Market Asia Pacific
Segment Coverage By Component, Service, Application, End-Users and Regions

Advanced Robotics Market Dynamics

Drivers

Increased Funding and Investment

  • The advanced robotics market is driven by increased funding and investment from both public and private sectors. Governments and organizations are allocating substantial resources to robotics research and development. Private investors and venture capitalists recognize the market's potential, leading to increased financial support for innovative robotic technologies and applications.

Workplace Flexibility and Adaptability

  • Employers and industries are increasingly recognizing the importance of flexible and adaptable robotics in the workplace. Companies are implementing modular robotic systems that allow for reconfiguration and optimization of tasks. These initiatives enhance productivity, efficiency, and space utilization, driving demand for advanced robotics in various sectors.

Restraints

Economic Volatility

  • Economic volatility and fluctuations in costs remain significant restraints in the advanced robotics market. Economic downturns can lead to reduced investment in new robotics projects and technologies. Additionally, rising costs of raw materials and labor can deter companies from adopting advanced robotic solutions, impacting market growth.

Regulatory Challenges

  • Compliance with varying local and international regulations can be complex and time-consuming, hindering the adoption of innovative robotics systems. Obtaining necessary certifications and approvals can delay projects and increase costs, reducing overall demand. Regulatory challenges in safety, data privacy, and operational standards remain significant barriers.

Opportunities

Emerging Technologies

  • The integration of emerging technologies like AI, machine learning, and advanced manufacturing processes presents significant opportunities in the robotics market. These technologies enhance the capabilities of robots, providing more efficient and accurate solutions. Advancements in sustainable materials and green technologies can lead to more eco-friendly and energy-efficient robotic systems.

Growing Awareness and Education

  • Increasing global awareness and education about the benefits of robotics create opportunities for market expansion. Public awareness campaigns, industry conferences, and educational programs promote the advantages of advanced robotics. As awareness grows, demand for innovative and sustainable robotic solutions is likely to rise, opening new avenues for manufacturers and service providers.

Challenges

Supply Chain Disruptions

  • The advanced robotics market faces challenges related to supply chain disruptions. The increasing demand for advanced materials and components can lead to supply chain bottlenecks and shortages. Ensuring a reliable supply of high-quality components is critical but can be complex and costly for manufacturers to manage effectively.

Skilled Labor Shortages

  • The shortage of skilled labor in the robotics industry is a major challenge. Despite rising demand for advanced robotics systems, there is a limited supply of qualified engineers, developers, and technicians. This shortage can lead to project delays, increased labor costs, and reduced quality of robotics systems, ultimately hindering market growth and service delivery.

Advanced Robotics Market Segmental Analysis

Service Type Analysis

Pre-Fabrication Services: The demand for pre-fabricated robotics components is on the rise due to their efficiency and reduced assembly time. Technological advancements now enable the production of high-quality, custom-designed parts that can meet specific project requirements, enhancing both speed and accuracy in robotic deployments. This service type offers significant benefits, including customization and high quality, which streamline the construction and implementation processes in various industries. As a result, there is a growing adoption of pre-fabrication services in manufacturing sectors seeking time and cost efficiency.

Installation Services: Professional installation services are critical in the advanced robotics market, ensuring that systems are set up correctly and safely. This promotes both durability and operational efficiency. Whether for new deployments or system upgrades, proper installation is essential to maximize the functionality and lifespan of robotic systems. The increasing demand for quick and cost-effective solutions in industries underscores the importance of skilled installation services, which play a pivotal role in the successful integration of advanced robotics into existing operations.

Regular Maintenance: Regular maintenance services are vital for ensuring the longevity and optimal performance of robotic systems. These services typically include inspections, cleaning, and minor repairs, which help prevent significant issues and maintain the operational quality of the robots. As more businesses recognize the importance of uninterrupted operations, the demand for regular maintenance is rising. This proactive approach to upkeep ensures that robotic systems continue to function efficiently, minimizing downtime and extending their useful life.

Repair Services: Repair services are essential for addressing damages to robotic systems caused by accidents, environmental factors, or aging. Skilled professionals provide targeted repairs to restore the integrity and functionality of these systems, ensuring they meet performance and safety standards. As the number of robotic installations increases, so does the need for reliable repair services. These services are crucial for maintaining the operational capability of robots, helping businesses avoid costly disruptions and prolonging the lifespan of their investments.

Design Services: Design services play a crucial role in creating customized robotic solutions tailored to meet specific project needs. Engineers and designers collaborate closely with clients to develop innovative and functional designs that enhance efficiency and usability. The flexibility offered by advanced design services allows for the creation of tailored robotic systems that can address unique operational challenges. This customization is increasingly in demand across various industries, as businesses seek to leverage robotics to improve productivity and solve specific problems.

Consulting Services: Consulting services provide expert guidance on the selection, installation, and maintenance of robotic systems. These services help clients make informed decisions, ensuring optimal performance and compliance with industry standards. Consultants offer valuable insights into the best practices for integrating robotics into business operations, enhancing the overall effectiveness of these systems. As the complexity of robotic technologies grows, so does the reliance on consulting services to navigate these advancements and maximize their benefits.

Application Analysis

Manufacturing Automation: Advanced robotics are widely utilized in manufacturing for tasks such as assembly, welding, and quality control. These robots significantly improve efficiency and precision, driving productivity in industrial settings. The adoption of robotics in manufacturing is growing, particularly in industries like automotive, electronics, and food processing, where high accuracy and speed are crucial. By automating repetitive and complex tasks, robots help manufacturers reduce costs and increase output, making them indispensable in modern production processes.

Healthcare Robotics: In healthcare, robots assist in surgeries, rehabilitation, and patient care, enhancing precision and reducing human error. Telepresence robots also improve accessibility to medical services, allowing for remote consultations and treatments. The integration of robotics in healthcare is expanding, driven by the need for advanced medical solutions that improve patient outcomes and operational efficiency. As a result, robotic systems are becoming a standard feature in hospitals and clinics, revolutionizing medical procedures and patient care.

Logistics and Warehousing: Robots optimize supply chain operations, including inventory management, sorting, and delivery. They enhance efficiency and reduce labor costs in warehouses and distribution centers. The growth of e-commerce has significantly increased the demand for logistics and warehousing robots, which help manage the high volume of goods and ensure timely deliveries. By automating critical processes, these robots enable businesses to streamline their operations, improve accuracy, and meet the fast-paced demands of modern logistics.

Agricultural Robotics: Agricultural robots assist in tasks such as planting, harvesting, and crop monitoring, improving productivity and sustainability in farming operations. These robots use advanced technologies to perform precise and efficient agricultural tasks, reducing the need for manual labor and minimizing waste. The adoption of robotics in agriculture is growing, particularly in precision farming and organic farming, where accuracy and environmental sustainability are paramount. By enhancing crop production and farm management, agricultural robots contribute to a more efficient and sustainable food supply chain.

Service and Hospitality: In the service and hospitality sectors, robots perform tasks such as customer service, cleaning, and delivery, enhancing the customer experience and operational efficiency. These robots are increasingly used in hotels, restaurants, and retail environments to provide seamless and efficient services. By automating routine tasks, service robots allow human staff to focus on more complex and personalized customer interactions, improving overall service quality. The growing deployment of robotics in hospitality reflects the industry's commitment to innovation and customer satisfaction.

Defense and Security: Defense robots are used for surveillance, reconnaissance, and combat operations, enhancing safety and operational effectiveness in military and security applications. These robots can perform hazardous tasks, reducing the risk to human soldiers and improving mission outcomes. The investment in defense robotics is increasing, driven by the need for advanced technological solutions in national security. Unmanned systems and autonomous vehicles are becoming integral components of modern defense strategies, providing enhanced capabilities and strategic advantages

End-Users Analysis

Large-Scale Enterprises: Large enterprises, such as multinational manufacturers and logistics companies, invest heavily in advanced robotics to boost efficiency and maintain a competitive edge. These companies seek scalable and innovative solutions that can enhance their operational capabilities and drive growth. By integrating advanced robotics, large-scale enterprises can streamline their processes, reduce costs, and improve overall productivity, ensuring they stay ahead in the competitive global market.

SMEs (Small and Medium-Sized Enterprises): SMEs benefit from the versatility and cost-effectiveness of advanced robotics, enabling them to compete with larger firms by improving productivity and reducing operational costs. These smaller businesses can leverage robotics to automate repetitive tasks, optimize workflows, and enhance product quality. The affordability and technological advancements in robotics make them an attractive option for SMEs looking to scale their operations and improve efficiency without significant financial outlays.

Retail and Hospitality Companies: Retailers and hospitality businesses deploy robots to improve customer service, manage inventory, and streamline operations, enhancing the overall customer experience. These robots perform tasks such as restocking shelves, guiding customers, and delivering room service, allowing human staff to focus on more complex interactions. The flexibility and efficiency offered by robotics enable retail and hospitality companies to adapt to changing customer needs and industry trends, ensuring high levels of service and operational efficiency.

Advanced Robotics Market Regional Analysis

Why North America is leading in the advanced robotics market?

The North America market size is expected to reach around USD 89.75 billion by 2033 increasing from USD 18.63 billion in 2024 with a CAGR of 18.8%. North America emerges as the largest Advanced Robotics Market owing to its developed technology industry and stringent need for sophisticated automation systems. The U.S market size is estimated to reach around USD 71.80 billion by 2033 increasing from USD 14.90 billion in 2024 with a CAGR of 18.9%. The U. S. and Canada are seen being the most advanced countries in integrating modern robotics in production, hospitals, and warehouses. Innovative products, changing consumer preferences and legal requirements to improve research & development push the growth of the market along with the hike in productivity and operating performance. Also, the concentration on applying AI and machine learning to robotic systems to meet the necessitate smart as well as flexible fixings is in line with emerging trends in the region. 

Why is Asia Pacific experiencing significant growth in the advanced robotics market?

Currently, the Asia-Pacific region is recording the highest growth in Advanced Robotics Market due to growing industrialization, higher disposable income, and increasing technology. Many capable nations including the Chinese, Japanese, and Koreans among others have adopted the more technologically driven robots in manufacturing, electronics, auto industries among others. The Asia Pacific market size is calculated at USD 9.54 billion in 2024 and is projected to grow around USD 45.97 billion by 2033 with a CAGR of 19.50%. There is an evident demand for both conventional and innovative robotics technologies with substantial The government support and funding for smart manufacturing and environment-friendly production processes. The latter is prompted by the regions’ goal to become a global hub for robotics, which dictate steady market growth.

Europe Advanced Robotics Market Trends

Through detailed research, this paper finds that the Advanced Robotics Market in Europe has been fueled by the integration of manufacturing systems and the push for sustainability. The region enjoys growth based on friendly government policies, increase calls for Industry 4. 0 initiatives, and increase in awareness of the public towards automation. European countries such as Germany, United Kingdom and France have immensely embraced the use of robotics in industries, healthcare and as service delivery. The Europe market size is measured at USD 13.63 billion in 2024 and is expected to grow around USD 65.67 billion by 2033 with a CAGR of 18.00%. Focus on lowering the costs per labor, increasing accuracy, and incorporating robotics with the current industrial structures also foster the market expansion.

LAMEA Advanced Robotics Market Trends

Currently the LAMEA (Latin America, Middle East, and Africa) advanced robotics market is getting developed due to increase in awareness levels and betterment of industrial structure. In Latin America there it becomes a higher pressure on the optimization of production and implementation of automation tools. The LAMEA market size is forecasted to reach around USD 17.51 billion by 2033 from USD 3.63 billion in 2024 with a CAGR of 17.30%. The Middle East enjoys tremendous inflow of capital on modern day robotics especially in the sectors of oil and gas, construction and health care industry. Despite the limitations to resources, Africa continues improving its use of technology, meaning Internationals collaborations and funding possibilities for advanced robotics applications.

Global Advanced Robotics Market Top Companies

  • ABB
  • Boston Dynamics
  • FANUC
  • KUKA
  • Yaskawa Electric Corporation
  • iRobot
  • Intuitive Surgical
  • Universal Robots
  • SoftBank Robotics
  • Teradyne
  • Omron Adept Technologies
  • Rethink Robotics
  • Mitsubishi Electric
  • DJI Innovations
  • Blue River Technology

Among the new players, Blue River Technology leverages advanced machine learning and computer vision to provide innovative agricultural robotics solutions, enhancing precision and environmental impact. Clearpath Robotics focuses on developing autonomous mobile robots, combining advanced navigation technologies with high performance for various industrial applications. Dominating players like ABB Ltd. drive growth through their extensive product lines and recent innovations, including collaborative robots for manufacturing. FANUC Corporation integrates advanced AI technologies with its wide range of robotic systems, facilitating comprehensive automation solutions. Innovations and collaborations, such as ABB’s new product launches and FANUC’s strategic partnerships, underscore their leadership in the evolving Advanced Robotics Market.

CEO statements

John Ha, CEO of Bear Robotics:

" Just as Android revolutionized the smartphone era, standardized open platforms are essential for the activation of the robot market."

Robert Playter, CEO of Boston Dynamics:

" Everybody will buy one robot—we learned that with Spot. But they won’t start by buying fleets, and you don’t have a business until you can sell multiple robots to the same customer."

Recent Developments

  • In March 2024, LG Electronics invested $60 million in Bear Robotics Inc., a Silicon Valley-based service robot startup, highlighting LG's commitment to advancing robotics as a key growth driver.
  • In November 2023, Graze Robotics announced the launch of its commercial-grade robotic lawn mower, emphasizing the company's focus on innovation and efficiency in landscaping technology.
  • In November 2023, Keighley secured £19.8 million in funding to advance its status as a national leader in high-tech innovation, demonstrating the town's commitment to economic growth and technological development.
  • In September 2023, the Apollo humanoid robot was unveiled, highlighting advancements in AI and robotics and marking a significant step forward in the development of intelligent, human-like machines.

Market Segmentation

By Component

  • Hardware
  • Software
  • Service

By Service Type

  • Prefabrication Services
  • Installation Services
  • Regular Maintenance
  • Repair Services
  • Design Services
  • Consulting Services

By Application Type

  • Manufacturing Automation
  • Healthcare Robotics
  • Logistics and Warehousing
  • Agriculture Robotics
  • Service and Hospitality 
  • Defense and Security
  • Collaborative Robots
  • Others

By End-Users

  • Large-Scale Enterprises
  • SMEs (Small and Medium-Sized Enterprises)
  • Retail and Hospitality Companies 

By Regions

  • North America
  • Europe
  • APAC
  • LAMEA
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FAQ's

The global advanced robotics market size was valued at USD 38.15 billion in 2023 and is anticipated to grow around USD 218.91 billion by 2033.

The global advanced robotics market is growing at a CAGR of 19.09% during the forecast period 2024 to 2033.

The top companies operating in advanced robotics market are ABB, Boston Dynamics, FANUC, KUKA, Yaskawa Electric Corporation, iRobot, Intuitive Surgical, Universal Robots, SoftBank Robotics and Teradyne.