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What key factors are powering the surge in the robotics technology market right now?

The market size of robotics technology has seen swift growth in recent years. The predictions show an escalation from $95.87 billion in 2024 to $108.89 billion in 2025, with a compound annual growth rate (CAGR) of 13.6%. The significant growth observed over the historical period is a direct consequence of advancements in sensor technologies, the expansion of industrial automation, and the requirements for manufacturing. The desire for efficiency and precision, rising popularity of humanoid robots, and an increased number of investments and fundings in the tech industry also serve as growth catalysts.

How fast Is the robotics technology market expected to grow, and what’s its future value?

The size of the robotics technology market is predicted to escalate dramatically in the coming years. By 2029, it is projected to hit the mark of $199.94 billion, growing at a compound annual growth rate (CAGR) of 16.4%. Factors fueling the growth during the prediction period are the expansion of co-operative robots, rising implementation of robots in the healthcare sector, growing utilization of drones and autonomous systems, surge in consumer robotics applications, and integration of 5G technology into robotics. Future major trends encompass advancements in artificial intelligence technologies, evolution of soft robotics, the rise of robotics as a service (Raas) models, emphasis on transparent AI in robotics, and strengthened collaboration between humans and robots across diverse sectors.

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What are the leading drivers of growth in the robotics technology market?

The growth of the robotic technology market is being driven by the increasing inclination towards automation. The heightening adoption of automation, artificial intelligence, and other advanced technologies is reshaping the interaction between humans and machines. Numerous organizations have broadened their automation capabilities, implying that it would enable smart machines to make intricate or mission-essential decisions. Automation deployment across an enterprise and its ecosystem forms a more flexible business capable of rapid response and embracing novel technological operating models. The transition from traditional methods to automation has modified market dynamics, causing a surge in the uptake of robotics technology. For instance, in September 2023, the World Robotics report by the International Federation of Robotics, a non-profit organization based in Germany, stated that there were 553,052 industrial robot installations globally in factories, indicating a 5% annual growth rate in 2022. Hence, the growing transition towards automation will propel the robotics technology market in the future.

What are the key segments defining the robotics technology market?

The robotics technology market covered in this report is segmented –

1) By Type: Industrial Robots, Mobile Robots, Service Robots, Other Types

2) By Component: Hardware, Software, Service

3) By End User: Aerospace Manufacturing, Agriculture, Automotive Manufacturing, Building Maintenance, Chemical and Fuel Processing, Construction, Consumer Products Manufacturing, Other End Users

Subsegments:

1) By Industrial Robots: Articulated Robots, SCARA Robots (Selective Compliance Assembly Robot Arm), Cartesian Robots, Delta Robots, Collaborative Robots (Cobots), Other Industrial Robots

2) By Mobile Robots: Autonomous Mobile Robots (AMRs), Automated Guided Vehicles (AGVs), Drones, Other Mobile Robots

3) By Service Robots: Professional Service Robots, Personal Service Robots, Healthcare Robots, Educational Robots, Other Service Robots

4) By Other Types: Humanoid Robots, Exoskeletons, Telepresence Robots, Robotic Process Automation (RPA), Other Specialized Robots

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Who are the key players steering the development of the robotics technology market?

Major companies operating in the robotics technology market include Asea Brown Boveri Group (ABB), FANUC Corporation, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corporation, Denso Corporation, Yaskawa Electric Corporation, Omron Corporation, Seiko Epson Corporation, Stäubli Robotics, Komatsu Ltd., Panasonic Corporation, Nachi-Fujikoshi Corp, NVIDIA Corporation, Anduril Industries, Boston Dynamics Inc., Diligent Robotics Inc., Intuitive Surgical Inc., Starship Technologies Inc., Nuro Inc., iRobot Corporation, Vecna Robotics Inc., Toshiba Corporation, AeroVironment Inc., Raytheon Technologies Corporation, Stryker Corporation, NEC Corporation, Ribbon Communications Operating Company Inc., ZTE Corporation

What emerging trends are influencing the growth of the robotics technology market?

Leading enterprises in the robotic technology sector are creating innovative solutions like Solix to offer trustworthy services to their clients. Solix is a self-reliant crop monitoring robot, specifically devised to deliver live updates from the field, focusing on each plant individually to ensure optimal productivity and effectiveness. As an illustration, Solinftec, an ag-tech company based in Brazil, launched Solix in May 2022. The Solix robot operates on solar power and utilizes lithium-ion batteries as storage for its energy. Equipped with an onboard camera and sensors that function along with Artificial Intelligence (AI) technology, Solix is capable of monitoring plant health, identifying insect damage, and observing changes in the field.

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Which regions are most influential in expanding the robotics technology market?

Asia-Pacific was the largest region in the robotics technology market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the robotics technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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