Robotics Technology Market Report 2025

This Robotics Technology report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The robotics technology market size has grown rapidly in recent years. It will grow from $95.87 billion in 2024 to $108.89 billion in 2025 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to advances in sensor technologies, industrial automation and manufacturing needs, demand for efficiency and precision, growing interest in humanoid robots, growing number of investments and fundings inThe field of technology.

The robotics technology market size is expected to see rapid growth in the next few years. It will grow to $199.94 billion in 2029 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to expansion of collaborative robotics, adoption of robotics in healthcare, increased use of drones and unmanned systems, growth in consumer robotics applications, integration of 5g technology in robotics. Major trends in the forecast period include technological innovations in artificial intelligence, development of soft robotics, robotics as a service (Raas) models, emphasis on explainable ai in robotics, human-robot collaboration in various industries.

The growing transition toward automation is propelling the expansion of the robotic technology market. The rising integration of automation, artificial intelligence, and other technologies is transforming the interaction between humans and machines. Numerous organizations have broadened their automation efforts, indicating that it will enable intelligent machines to make complex or mission-critical decisions. Automation is being implemented across enterprises and ecosystems to create a more adaptable business that can swiftly respond to and adopt new technological operating models. This shift from traditional methods has altered market dynamics, resulting in a heightened adoption of robotics technology. For instance, in September 2023, the World Robotics report published by the International Federation of Robotics, a professional non-profit organization based in Germany, reported 553,052 industrial robot installations in factories worldwide, representing a 5% year-on-year growth rate in 2022. Therefore, the increasing shift toward automation is expected to drive the robotics technology market in the future.

The robotics technology market is anticipated to experience growth due to the escalating labor costs. Rising labor costs, referring to expenses incurred by organizations in compensating their workforce, are compelling the adoption of robotics technology to streamline tasks efficiently and achieve cost savings. As of August 2023, the United States Department of Agriculture reported a 7. 9% increase in the average hourly wage for agricultural managers, reaching $27. 57 in 2022 compared to the previous year. This upward trend in labor costs is a key factor propelling the growth of the robotics technology market.

Key players in the robotics technology market are at the forefront of innovation, introducing new technologies like Solix to enhance services for customers. Solix, an autonomous crop monitoring robot developed by Solinftec, a Brazil-based ag-tech company, offers real-time insights into fields, operating on a plant-by-plant basis to optimize production and efficiency. Launched in May 2022, Solix is solar-powered and equipped with lithium-ion batteries for energy storage. It utilizes onboard cameras, sensors, and artificial intelligence (AI) technology to monitor plant health, identify insect damage, and detect changes in the field.

Major companies in the robotics technology sector are embracing cutting-edge technologies such as RelayRx. Developed by Relay Robotics Inc., a US-based robotics solutions company, RelayRx is a hospital delivery robot designed to address the nursing shortage. Launched in June 2023, RelayRx robots facilitate the safe transportation of hospital supplies, including test specimens, drugs, and equipment, through congested hospital settings. These robots feature improved navigational capabilities and chain-of-custody security features, moving freely throughout a hospital and connecting areas such as the pharmacy and blood bank with patient rooms in approximately seven minutes using Relay’s proprietary elevator technology.

In April 2022, Sarcos Technology and Robotics Corporation, a US-based company specializing in industrial exoskeletons and teleoperated systems, acquired RE2 Inc. for an undisclosed sum. This acquisition aims to enhance Sarcos's position in the growing robotics market, particularly in unstructured environments, by incorporating RE2's AI and machine learning technologies into its existing systems. This strategy is designed to address the increasing demand for robotic autonomy. RE2 Inc. is a US-based provider of autonomous and teleoperated mobile robotic systems.

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.

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. The countries covered in the robotics technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

Robotics technology involves the engineering and operation of machines capable of autonomously or semi-autonomously performing physical tasks on behalf of humans. The primary objective of robotics is to develop devices that can work automatically, executing complex tasks faster and more efficiently than humans. Robotics finds application in various verticals, aiming to reduce errors, enhance efficiency, and streamline work processes.

The main types of robotic technologies include industrial robots, mobile robots, service robots, and others. Industrial robots are mechanical machines programmed to automatically perform production-related tasks in industrial environments. These robots utilize components such as hardware, software, and services, with applications spanning aerospace manufacturing, agriculture, automotive manufacturing, building maintenance, chemical and fuel processing, construction, consumer product manufacturing, and other end-user industries.

The robotics technology market research report is one of a series of new reports that provides robotics technology market statistics, including global market size, regional shares, competitors with a robotics technology market share, detailed robotics technology market segments, market trends and opportunities, and any further data you may need to thrive in the robotics technology industry. This robotics technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

The robotics technology market consists of revenues earned by entities by providing consumer robots and medical robots. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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