The field specializes in improving robot perception, movement, and decision-making to push boundaries of human-robot collaboration and automation further forward. As more industries demand precision such as healthcare logistics or manufacturing use advanced robots as tools of business process outsourcing, they will only become increasingly effective as time progresses.
The advanced robotics market continues to flourish fast based on increasing automation technology advancements as well as demand from industries like
healthcare logistics manufacturing etc.
The Advanced Robotics Market is experiencing steady expansion due to the increasing demand for automation across various industries. Manufacturing, healthcare, and logistics sectors are rapidly adopting robotic solutions in order to increase operational efficiency, reduce human error rates, and decrease labor costs. Robots such as collaborative robots (cobots) and autonomous mobile robots (AMRs) have become indispensable assets across many different sectors.
Recent advances in robotics include the creation of AI-powered robots equipped with machine learning and enhanced sensors, which enables them to perform complex tasks such as precision surgery, warehouse automation and material handling with better performance, scalability and safety than previous generations of robots. AI-driven robots also enhance process adaptability by increasing adaptability and intelligence through automated processes.
Opportunities exist within the healthcare sector for robots as surgical, rehabilitation and elderly care robots. With robotic surgery systems continuing to advance and offer minimally invasive procedures with increased accuracy. AI/robotics solutions being integrated into medical diagnosis/drug delivery/personal assistance are further increasing demand.
As per assunmotor The global robotics market is valued at approximately $65.3 billion, with 3.5 million operational robots as of February 2023. Korea leads the world in robot density, with 1,000 robots for every 10,000 humans. The electronics industry holds the highest number of robotic solutions, with 137,000 active robots, dominating among the top five industries.
Asia remains the dominant region for industrial robot shipments, with significant investments in vertical robotics, which reached $6.9 billion in 2022. North America saw a robust growth in robot sales, with 44,196 units sold in 2022, marking an 11% increase. Over 90% of industrial robots are deployed in manufacturing processes, ensuring high precision and efficiency.
Looking toward the future, it’s estimated that 12.4 million domestic robots will be sold globally by 2030. The growth rate of robotic revenue is expected to rise by 15 to 20% annually by 2028. Companies like Honda Motors, with $142.4 billion in revenue, are leading the way in robotics, while sectors like the plastic and chemical industries see substantial adoption with 24,000 global installations.
The US Advanced Robotics Market
The US Advanced Robotics Market is projected to reach USD 16.5 billion by the end of 2024 and grow substantially to an expected USD 82.0 billion market by 2033 at an anticipated CAGR of 19.5%.
The U.S. advanced robotics market is driven by increasing automation across industries, the need for improved productivity, and the rising demand for precision in the manufacturing and healthcare sectors of the U.S. Government support, including incentives for technological innovation, boost R&D in robotics.
Increasing adoption of collaborative robots in manufacturing, which work alongside humans to improve safety and productivity, is a key trend in the US advanced robotics market. The rise of autonomous mobile robots (AMRs) in warehouses and distribution centers due to the e-commerce boom is another trend. AI integration is enhancing robots' decision-making and learning capabilities, making them more adaptable.
Key Takeaways
- Market Growth: The Advanced Robotics Market is expected to grow by USD 204.5 billion, with a CAGR of 20.8% from 2025 to 2033.
- Definition: Advanced robotics refers to the development of highly sophisticated robotic systems equipped with enhanced capabilities such as artificial intelligence, machine learning, and sensor integration.
- By Component: Hardware is predicted to dominate the global market with the highest market share by the end of 2024.
- By Application: Industrial robots are expected to capture a significant revenue share by the end of 2024.
- By End-User: Manufacturing is expected to lead the market with the largest revenue share by 2024.
- Regional Dominance: North America is anticipated to lead the advanced robotics market, holding a 41.3% revenue share in 2024.
Use Cases
- Manufacturing Automation: Advanced robotics in manufacturing enhances productivity through the automation of repetitive tasks. Robots perform assembly, welding, and painting with precision, reducing human error and increasing efficiency.
- Healthcare Assistance: In healthcare, advanced robotics assist in surgeries, diagnostics, and patient care. Surgical robots enable minimally invasive procedures with enhanced precision, resulting in quicker recovery times.
- Agriculture Optimization: Advanced robotics in agriculture revolutionizes farming practices through automation and precision. Drones monitor crop health, while robotic harvesters efficiently pick fruits and vegetables, minimizing labor costs.
- Logistics and Supply Chain: Advanced Robotics streamline logistics and supply chain operations by automating warehousing and distribution tasks. Automated guided vehicles transport goods within warehouses, optimizing inventory management.
Market Dynamic
Drivers
Technological Advancements
Continuous innovation in robotics technology, including AI,
machine learning, and sensor integration, enhances performance and functionality. These advancements lead to more efficient automation solutions across various industries, driving demand for advanced robotics systems. The rising demand for automation is a crucial factor propelling the growth of the advanced robotics market. Industries across various sectors are increasingly adopting advanced robotic solutions to boost productivity, cut operational costs, and enhance efficiency.
Labor Shortages
Increasing labor shortages in sectors like manufacturing and logistics prompt companies to adopt robotics to maintain productivity. Advanced robotics can effectively perform repetitive tasks, allowing businesses to alleviate workforce constraints and ensure operational continuity. Robotics technology addresses these challenges by enabling continuous operation, ensuring consistent quality, and executing complex tasks with high accuracy.
Restraints
High Initial Costs
The significant investment required for advanced robotics technology can be a barrier for small and medium enterprises (SMEs). High initial costs for purchasing, integrating, and maintaining robotic systems may deter adoption, limiting market growth.
Skill Gaps
The lack of skilled professionals to operate and maintain advanced robotics poses challenges for implementation. Organizations may struggle to find qualified workers, hindering the effective deployment of robotic solutions and slowing down market expansion.
Opportunities
Collaborative Robotics (Cobots)
The growing trend of collaborative robots offers opportunities for advanced robotics market to enhance productivity and safety. Cobots can work alongside human workers, making automation accessible for smaller operations and promoting seamless human-robot collaboration.
Healthcare Applications
The demand for advanced robotics in healthcare, such as
surgical robots and assistive devices, presents a significant opportunity to this market. As the healthcare sector seeks to improve patient outcomes and operational efficiency, advanced robotics solutions are becoming increasingly integral.
Trends
Autonomous Mobile Robots
The adoption of Autonomous Mobile Robots (AMRs) is projected to surge as industries seek flexibility and cost-efficiency in their automation efforts. AMRs' dynamic adaptability enables real-time navigation and decision-making without fixed infrastructure needs; industries such as manufacturing, warehousing, and healthcare stand to benefit immensely by streamlining logistics operations while simultaneously improving operational efficiencies and decreasing labor costs.
Affordable Robotics Solutions
As businesses seek more cost-effective methods of incorporating robotic solutions, Robotics-as-a-Service (RaaS) models are becoming an attractive solution. RaaS offers businesses access to robotic services on subscription or usage basis by helping SMEs incorporate robotic solutions more readily. RaaS also eliminates entry barriers.
Research Scope and Analysis
By Component
Hardware is likely to be the largest revenue share of the advanced robotics market by 2024 due to their essential role as sensors, actuators, and controllers; which play an essential part in maintaining robot performance and functionality. As robotics has advanced, so needs for high-performing, durable, and precise hardware components that meet today's automated industries like manufacturing, healthcare, and logistics which further compounds this demand for quality hardware components that provide long-term functionality and precision.
Additionally, increased investments into automation across manufacturing, healthcare, and logistics have stoked this increase in high-performance components that also feature durability. AI and IoT advancements have given rise to increasingly complex hardware capable of handling more precise complex tasks with greater efficiency, propelling its growth. Materials research and microelectronics manufacturing technology integration with artificial intelligence has driven demand for cutting-edge robotics hardware which now dominates this segment. Software plays an essential supporting role to hardware in robotics.
Software regulates algorithms,
artificial intelligence (AI), control systems, and real-time analytics that drive how robots behave and make decisions in real-time. With AI becoming the dominant form of decision-making and adaptive learning increasingly popular among modern robots, software's significance in robotics has only grown stronger.
By Application
Industrial Robots are expected to lead the advanced robotics market with the highest revenue share by 2024 due to their widespread application within manufacturing and production environments, where robotic arms play an essential part in automating tasks that require precision, speed, and endurance. Automotive, electronics, and metal industries were key adopters, thanks to automation needs in repetitive tasks and advancements such as AI/ML which increased sophistication of operations.
These robots are engineered for operation in high-risk and repetitive environments, making them indispensable tools for improving production efficiency while decreasing human labor costs. Utilizing their ability to work efficiently with minimal error rates has proven highly valuable in industries where accuracy and precision are of utmost importance.
Service robots have experienced significant expansion after industrial beginnings, particularly within the healthcare, logistics, and agriculture sectors. Service robots typically assist humans by performing tasks requiring human interaction such as medical support services, warehouse storage, or delivery services.
Collaborative robots have become an increasingly common complement to human workers, increasing productivity while still meeting safety requirements. This trend toward the integration of robotics in complex industrial operations is being spurred on by increased demands for higher output, faster production cycles, and lower operational costs.
By End User
Manufacturing is projected to dominate the advanced robotics market with the highest revenue share based on end-users in 2024, due to an increasing use of robotics in automating complex tasks, including assembly, quality control, and packaging.
Industrial robots designed specifically to handle tasks like assembly, welding, painting, and material handling which have revolutionized manufacturing by significantly cutting production times and decreasing human error rates. Automation technology in industries like automotive, electronics and metal is driven by their need for cost-effective solutions that operate constantly while upholding quality.
As manufacturers seek to meet rising consumer expectations while managing challenges like labor shortages and rising operational costs, adopting robotics solutions becomes essential. Smart manufacturing and
Industry 4.0 focus heavily on interconnected systems and data-driven operations; making robots essential to maintaining competitive advantage.
Robots have evolved significantly over time and now offer greater versatility, collaboration, and efficiency when working alongside humans by leading to safer production environments with increased safety measures in place. As a result, manufacturing holds onto an overwhelming share of the advanced robotics market and remains at the forefront of innovation and investment into robotic solutions by cementing its place as one of the cornerstones of contemporary industry operations.
The Advanced Robotics Market Report is segmented based on the following
By Component
- Hardware
- Software
- Services
By Application
- Industrial Robots
- Service Robots
- Collaborative Robots (Cobots)
By End User
- Manufacturing
- Healthcare
- Aerospace & Defense
Regional Analysis
North America is anticipated to acquire the largest market revenue share with 41.3% in the advanced robotics market by 2024. This dominance is because of the cluster strength which has leading technologist players such as Boston Dynamics, iRobot, and advanced research institutions. This region embraces new-age robotics across industries including manufacturing, healthcare, and defense through huge investments in artificial intelligence and automation.
This area hosts some of the leading technology manufacturers and technology-focused learning establishments and as a result, the pace at which these technologies are developed is quickly increasing. This has been underpinned by strong commitment to carrying out research and development activities in the realm of innovativeness with a focus on technology.
The vicinity is equipped with a fairly sound ecosystem that comprises such factors as a developed supply chain, qualified personnel, and receptiveness of the governmental authorities. Robotics is in high demand, especially in the automotive industries, aerospace industries, and
logistics industries where industries are implementing the use of robots to improve their productivity and cost reduction. After North America, Europe is the second largest region approximately 30.1 % of the revenue share due to its robust industrial robotics sector, especially in automotive manufacturing and logistics.
By Region
North America
Europe
- Germany
- The U.K.
- France
- Italy
- Russia
- Spain
- Benelux
- Nordic
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- India
- ANZ
- ASEAN
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Egypt
- Rest of MEA
Competitive Landscape
The advanced robotics market is characterized by intense competition, featuring a mix of large and small players offering innovative solutions across various industries. The market is moderately fragmented and trending toward further fragmentation. Key players include NXP Semiconductors, Rethink Robotics, DENSO Corporation, CMA Robotics, ST Robotics, Techman Robots, ABB, Mitsubishi Electric Corporation, and Universal Robots.
Major players are leveraging their unique strengths to enhance their positions in this competitive landscape. For instance, NXP Semiconductors is capitalizing on its semiconductor expertise to drive advancements in sensor integration and AI-driven robotics. Rethink Robotics continues to influence manufacturing and logistics with its user-friendly collaborative robots (cobots), meeting the growing demand for flexible automation.
Some of the prominent players in the global advanced robotics market are:
- NXP Semiconductors
- Rethink Robotics
- DENSO Corporation
- CMA Robotics
- ST Robotics
- Techman Robots
- ABB
- Mitsubishi Electric Corporation
- Universal Robots
- Locus Robotics
- Other Key Player
Recent Development
- In June 2024, Symbotic Inc. acquired the majority of Veo Robotics' assets for USD 8.7 million. This acquisition enhances Symbotic's capabilities in logistics automation by incorporating Veo's technology, particularly in enhancing robot safety and facilitating collaboration with human workers.
- In June 2024, autonomous construction robots became more advanced with the ability to perform complex tasks such as laying bricks, assembling structures, and even operating heavy machinery without human supervision. These robots, powered by improved AI and vision systems, are reducing time and labor costs on large-scale construction projects.
- In May 2024, medical robotics saw a significant development with the introduction of AI-powered surgical assistants that can predict surgeons' needs in real time. These robots improve precision during minimally invasive surgeries and reduce operation time by assisting with sutures, incisions, and handling delicate tissues.
- In August 2023, Locus Robotics, a leader in autonomous mobile robots (AMRs), achieved a significant milestone by picking over 2 billion units—just 11 months after reaching its first billion in 2022. The company's robots have proven to be highly effective in logistics, especially in order fulfillment.
- In February 2023, robotics has significantly contributed to reshoring initiatives in sectors like semiconductor manufacturing. Intel announced plans for new chip factories in Ohio, while Wolfspeed, in collaboration with automotive supplier ZF, unveiled intentions to construct a chip plant in Germany.
Report Details
| Report Characteristics |
| Market Size (2024) |
USD 47.5 Bn |
| Forecast Value (2033) |
USD 260.9 Bn |
| CAGR (2024-2033) |
20.8% |
| Historical Data |
2018 – 2023 |
| The US Market Size (2024) |
USD 16.5 Bn |
| Forecast Data |
2025 – 2033 |
| Base Year |
2023 |
| Estimate Year |
2024 |
| Report Coverage |
Market Revenue Estimation, Market Dynamics, Competitive Landscape, Growth Factors and etc. |
| Segments Covered |
By Component (Hardware, Software, and Services),
By Application (Industrial Robots, Service Robots,
Collaborative Robots), By End User (Manufacturing,
Healthcare, and Aerospace & Defense) |
| Regional Coverage |
North America – The US and Canada; Europe – Germany, The UK, France, Russia, Spain, Italy, Benelux, Nordic, & Rest of Europe; Asia- Pacific– China, Japan, South Korea, India, ANZ, ASEAN, Rest of APAC; Latin America – Brazil, Mexico, Argentina, Colombia, Rest of Latin America; Middle East & Africa – Saudi Arabia, UAE, South Africa, Turkey, Egypt, Israel, & Rest of MEA
|
| Prominent Players |
NXP Semiconductors, Rethink Robotics, DENSO
Corporation, CMA Robotics, ST Robotics, Techman
Robots, ABB, Mitsubishi Electric Corporation,
Universal Robots, Locus Robotics, and Other Key
Players |
| Purchase Options |
We have three licenses to opt for: Single User License (Limited to 1 user), Multi-User License (Up to 5 Users) and Corporate Use License (Unlimited User) along with free report customization equivalent to 0 analyst working days, 3 analysts working days and 5 analysts working days respectively. |