The North America Robotics Technology Market is expected to witness market growth of 14.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Robotics Technology Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $59.32 billion by 2031. The Canada market is experiencing a CAGR of 16.4% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 15.5% during 2024-2031.
This market has emerged as one of the most transformative and rapidly expanding industry sectors in recent years. This technology is revolutionizing how various sectors operate, making processes more efficient, cost-effective, and precise. At the centre of this market is the integration of robots designed to automate tasks traditionally performed by humans, ranging from manufacturing to healthcare, logistics, and entertainment.
This technology is applied across various industries, benefiting from increased productivity, enhanced precision, and reduced human error. The healthcare sector has seen a surge in the adoption of this technology for surgical procedures, rehabilitation, and patient care. Surgical robots, such as the da Vinci Surgical System, enable surgeons to perform minimally invasive procedures with greater precision, flexibility, and control.
Canada’s Aerospace Regional Recovery Initiative (ARRI), with a substantial budget of $250 million over a few years, represents a significant investment in the recovery and growth of the aerospace sector. The initiative, delivered by Canada’s regional development agencies (RDAs), aims to enhance the competitiveness of Canada’s aerospace industry, which is known for its advanced technological infrastructure. The US government is also instrumental in the growth of the robotics technology market by funding and supporting robotics development through initiatives like the National Robotics Initiative (NRI), launched by the National Science Foundation (NSF). The NRI fosters collaboration between government agencies, universities, and industry to advance robotics research and deployment in healthcare, manufacturing, and defense sectors. Thus, the USA and Canada are set for significant growth in this market, fuelled by innovation, investment, and increasing industry adoption.
The US market dominated the North America Robotics Technology Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $59.32 billion by 2031. The Canada market is experiencing a CAGR of 16.4% during 2024-2031. Additionally, the Mexico market is expected to exhibit a CAGR of 15.5% during 2024-2031.
This market has emerged as one of the most transformative and rapidly expanding industry sectors in recent years. This technology is revolutionizing how various sectors operate, making processes more efficient, cost-effective, and precise. At the centre of this market is the integration of robots designed to automate tasks traditionally performed by humans, ranging from manufacturing to healthcare, logistics, and entertainment.
This technology is applied across various industries, benefiting from increased productivity, enhanced precision, and reduced human error. The healthcare sector has seen a surge in the adoption of this technology for surgical procedures, rehabilitation, and patient care. Surgical robots, such as the da Vinci Surgical System, enable surgeons to perform minimally invasive procedures with greater precision, flexibility, and control.
Canada’s Aerospace Regional Recovery Initiative (ARRI), with a substantial budget of $250 million over a few years, represents a significant investment in the recovery and growth of the aerospace sector. The initiative, delivered by Canada’s regional development agencies (RDAs), aims to enhance the competitiveness of Canada’s aerospace industry, which is known for its advanced technological infrastructure. The US government is also instrumental in the growth of the robotics technology market by funding and supporting robotics development through initiatives like the National Robotics Initiative (NRI), launched by the National Science Foundation (NSF). The NRI fosters collaboration between government agencies, universities, and industry to advance robotics research and deployment in healthcare, manufacturing, and defense sectors. Thus, the USA and Canada are set for significant growth in this market, fuelled by innovation, investment, and increasing industry adoption.
List of Key Companies Profiled
- Kuka AG (Midea Group Co., Ltd.)
- Hyundai Motor Company
- SoftBank Robotics Group (SoftBank Group Corporation)
- ABB Group
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Siemens AG
- CloudMinds Technology Inc.
- IBM Corporation
- Rockwell Automation Inc.
Market Report Segmentation
By Robot Type
- Traditional Industrial Robots
- Cobots
- Professional Service Robots
- Other Robot Type
By Component
- Hardware
- Software
- Service
By Application
- Manufacturing
- Healthcare
- Logistics
- Aerospace & Defense
- Media & Entertainment
- Other Application
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America Robotics Technology Market by Robot Type
Chapter 6. North America Robotics Technology Market by Component
Chapter 7. North America Robotics Technology Market by Application
Chapter 8. North America Robotics Technology Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Kuka AG (Midea Group Co., Ltd.)
- Hyundai Motor Company
- SoftBank Robotics Group (SoftBank Group Corporation)
- ABB Group
- Amazon Web Services, Inc. (Amazon.com, Inc.)
- Microsoft Corporation
- Siemens AG
- CloudMinds Technology Inc.
- IBM Corporation
- Rockwell Automation Inc.
Methodology
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