Semiconductor

Robotics Market

By Segment, By Region, And Segment Forecasts, 2018 – 2024

Vertical: SEMIBase Year: 20189 Sections

Executive Summary

Robotics Market — Snapshot

  • Market Size (2018)

    2018

    $42.65B

  • Projected (2024)

    2024

    $189.03B

  • CAGR (2018–2024)

    28.2%

    28.2%
  • Key Players

    114+

The manufacturing industry in its early age of adopting automation faces big challenges such as changing customer requirements, lack of infrastructure and resources, and skilled workforce. Robotics technology in collaboration with the help of artificial intelligence, human-machine interface, and Internet of Things (IoT) help the manufacturers to overcome these challenges. Among all the sectors and industries served by robots, industrial robotics has witnessed the highest rate of adoption. The major objective fulfilled by industrial robots is performing redundant manufacturing processes and operations in real-time with high accuracy and reliable implementation. Robotics is being rapidly adopted across major economies; South Korea being on top with the highest number of robots installed. Robots are in huge demand owing to increasing adoption of artificial intelligence and cognitive computing in combination with these devices. These robots find a wide range of applications in the industries, healthcare, defense, and entertainment, among others. In October 2016, Anki, a US-based company, introduced Cozmo Robots embedded with emotion sensors, artificial intelligence, and computer vision. This robot can recognize products using OLED cameras.

There has been a considerable increase in the demand for interactive entertainment robots, robot pets, and industrial robots embedded with omnidirectional sensors & cameras, that are used for processing 360-degree images and videos in real-time. The robots such as humanoids and robotic pets have a huge demand in Asia. The major factors boosting the growth of the market include high growth in industrial robotics and developing artificial intelligence technology.

The robotics market has been broadly classified by mobility, type, and end user. By mobility, the robotics market has been segmented into fixed robots and mobile robots. Among these, mobile robots dominated the market in 2018, capturing nearly 50% market share and growing at the highest CAGR during the forecast period. By type, the robotics market has been bifurcated into SCARA, cartesian, articulated, cylindrical, parallel, and others. SCARA robots are expected to grow with the highest CAGR during the forecast period. However, articulated robots dominated the market in 2018. The adoption of robotics technology and robots has reached various industries and sectors. The end users considered for the robotics market include medical, entertainment, field, logistics, defense, public safety, manufacturing, and others. Robots used for manufacturing applications dominate the market. However, consumer robots and those used for entertainment purposes are expected to grow with the highest CAGR during the forecast period.

The global robotics market comprises various manufacturers, government research firms, universities, and technical institutes that engage in developing and making advancement in the robotics industry. The major players considered in the scope of robotics market Universal Robots A/S, Boston Dynamics, iRobot Corporation, Nachi-Fujikoshi Corporation, Kawasaki Heavy Industries Ltd, Honda Motor Co Ltd, ABB Limited, Sony Corporation, Mitsubishi Electric Corporation, Northrop Grumman Corporation, Omron Corporation, Fanuc Corporation, KUKA AG, Yaskawa Electric Corporation, and Denso Corporation. The major players reside in Asia-Pacific followed by North America and Europe. The competition in the robotics industry is rapidly increasing owing to the entry of new players in the market serving various application areas.

Key Insight

The Robotics Market market is projected to grow at a CAGR of 28.2% from 2018 to 2024.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 5 regions: Middle East and Africa, North America, Asia Pacific, Europe, South America.
  • Market Segmentation: The market is analyzed across 2 segments: Mobile Robots, Fixed Robots. Forecasts are provided for each segment from 2018 to 2024.
  • Competitive Landscape: 114 leading companies are profiled, covering market positioning, strategies, and recent developments.

Market Size (USD Mn)

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Market Overview

Robotics Market — Growth Trajectory

Robotics is a combination of technology and engineering, encompassing mechanical engineering, electronics & electrical engineering, computer science, and other engineering domains. In a robotic process, the system requires a combination of software and physical components such as power supply, actuators, sensors, locomotive parts, storage devices, and control software. With the advent of machine learning, artificial intelligence (AI), IIoT, and human-machine interface technology, robotics have become a crucial part of the digitizing the manufacturing industry. Robots are widely used in military, construction, logistics, field, medical, agriculture, household operation, and education. Robots also used in factories for performing high accuracy jobs such as welding and riveting. However, robots are yet not efficient enough to be used for daily household jobs, as they are very uncoordinated to perform ordinary routine tasks.

Robotics Market — Growth Trajectory

Mobile Robots
Fixed Robots

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Market Size Trend (USD Mn)

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Market Dimensions

How this market is segmented

  • Mobility Mobility is broken down into: Fixed Robots, Mobile Robots.
  • Type Type is broken down into: SCARA, Cartesian, Articulated, Cylindrical, Parallel, Others.
  • End User End User is broken down into: Medical, Entertainment, Field, Logistics, Defense, Public Safety, Manufacturing, End User_Others.

Geographic Analysis

Regional market breakdown

  • Middle East and Africa Middle East and Africa market size reached $2.24B in 2018 and is projected to reach $5.93B by 2024, growing at a CAGR of 17.6%.
  • North America North America market size reached $10.10B in 2018 and is projected to reach $40.86B by 2024, growing at a CAGR of 26.2%.
  • Asia Pacific Asia Pacific market size reached $19.85B in 2018 and is projected to reach $100.22B by 2024, growing at a CAGR of 31.0%.
  • Europe Europe market size reached $9.23B in 2018 and is projected to reach $38.57B by 2024, growing at a CAGR of 26.9%.
  • South America South America market size reached $1.24B in 2018 and is projected to reach $3.45B by 2024, growing at a CAGR of 18.7%.

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Research Methodology

Robotics Market — How We Researched This Market

This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.

  • Base Year

    2018

  • Historical Period

    2018 – 2018

  • Forecast Period

    2018 – 2024

  • Primary Interviews

    150+

Research Process

Historical data (2018–2018) and forecast period (2018–2024)

1

Problem Definition

  • Market scoping
  • Objective setting
  • Framework design
2

Secondary Research

  • Literature review
  • Data mining
  • Trend analysis
3

Primary Research

  • Expert interviews
  • Field visits
  • Surveys
4

Data Analysis

  • Quantitative modeling
  • Statistical testing
  • Validation
5

Insights & Reporting

  • Synthesis
  • Recommendations
  • Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

Historical vs. Forecast Data

Historical (observed)
Forecast (modelled)

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Competitive Landscape & Porter's Five Forces

Robotics Market — Competitive Analysis

Michael Porter’s Five Forces model provides a framework to study the global robotics market. Strategic business managers, trying to gain an edge over competing firms in the global robotics market, can utilize this model to better understand the industry in which the firm operates. The components of each of the forces and the degree of impact of each component in the context of the global robotics market have been broken down and analyzed.

Threat of new entrants

The robotics market has various leading players such as Fanuc Corporation, Kuka AG, Yaskawa Motoman, Nachi-Fujikoshi Corporation, and others. These companies have a wide geographical presence and possess high market share globally. The development of robotic automation solutions requires high capital investment and an equally high degree of technical expertise. However, due to rapid advances in automation and connected devices, new players are increasingly investing to enter the market. However, moderate government regulations regarding worker safety can restrict the entry of new players in the market to a certain extent. Therefore, the threat of new entrants is expected to moderate.

Bargaining power of suppliers

The component suppliers for the robotics market comprise motor suppliers, sensors suppliers, and other active and passive electronic component suppliers. The system integrators perform horizontal integration of these suppliers with the software /platform developers. This integration is subject to long-term agreement between suppliers and integrators which increases the cost of switching from one supplier to another. The use of electronic and mechanical components for manufacturing a robot depends upon the application for which the robot is being used. The differentiation among the price of the component is moderate due to which the overall bargaining power of supplier is high.

Threat of substitute

Currently, there are no direct substitutes for robots in the market. However, AI-based software can be an internal substitute for the robotics market. Since AI-based software serves as a complementary product to robotics, a limited number of buyers are inclined towards the implementation of these systems. Thus, the threat of substitutes is expected to have a low degree of impact on the global robotics market during the forecast period.

Bargaining power of buyers

The buyers in the robotics market comprise automobile manufacturers, medical device manufacturers, smartphone manufacturers, and other general manufacturers. The cost of procuring a robot at this stage is high which also limits the actual concentration of buyers across regions. Moreover, due to moderate brand identity, the bargaining power of buyers is moderate.

Rivalry

The existing players in the global robotics market compete on the basis of industry expertise, geographical presence, and product offerings. Fanuc Corporation, Kuka AG, Yaskawa Motoman, Nachi-Fujikoshi Corporation, and Denso Corporation are the established players in the robotics market. Thus, it becomes challenging for new players to compete with the established key players and provide users with better and advanced services. This has created a high degree of rivalry among the players in the global robotics market.

Quantitative Analysis

Regional Breakdown

Regional market breakdown for Robotics Market.

Regional Market Size (USD Mn)

Market estimates by geography (2024)

USD Mn

InsightAsia Pacific leads with $100.22B by 2024.

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Regional Market Data

REGION201820182024CAGRSHARE
Middle East and Africa$2.24B$3.57B$5.93B17.6%3%
North America$10.10B$18.92B$40.86B26.2%22%
Asia Pacific$19.85B$43.52B$100.22B31.0%53%
Europe$9.23B$18.32B$38.57B26.9%20%
South America$1.24B$2.06B$3.45B18.7%2%
Total$42.65B$86.39B$189.03B28.2%100%

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Segment Revenue (2024)

Mobile Robots
Fixed Robots
03399067980101969135959

Segment Market Share

  • Mobile Robots65%
  • Fixed Robots35%

Total Market Size

$189.03B

Market by Segment (2024)

APPLICATIONREVENUE ($B)GROWTH RATEMARKET PENETRATION
Mobile Robots$123.60B28.2%
61%
Fixed Robots$65.43B28.2%
66%

* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.

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Analytics

Robotics Market — Key Findings

Analytical insights on Robotics Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

The Robotics Market market is projected to reach $189.03B by 2024, growing at 28.2% CAGR. The Mobile Robots segment holds the largest share.

Market Drivers

The robotics industry is growing rapidly fuelled by the developments in artificial intelligence (AI). Many enterprises are expected to adopt industrial robots due to automation trends and innovative technological advancements. Future robots are expected to have features such as voice and language recognition, fast communication, learning capabilities, mobility, portability, and dexterity. The adoption of industrial robots is expected to increase to sort and fill prescriptions, pick and pack warehouse orders, and sort, inspect, process, and handle fruits and vegetables. Robot programming has transformed with simpler user interfaces resulting in unmanned aerial vehicles (UAVs) and autonomous vehicles. Industrial robotic arms are being embraced in the construction industry for commercial construction, renovation, and demolition purposes. Industrial robots have the ability to produce high-quality products with precision and can generate high returns on investment for the investors and also bring safety in the workplace. Industrial robotics is used for automated manufacturing in the production process for improving productivity and profits by reducing energy consumption and cost associated with the manufacturing process. Hence growth in the industrial robotics is expected to drive the robotics market during the forecast period.

Market Opportunities

In the retail sector, entertainment robots find their application mainly to enhance customer engagement. The retailers are looking for entertainment products that help them deliver best-in-class services to the customers. The adoption of digitization, artificial intelligence, and machine learning helps in offering a new generation of entertainment robots. Artificial intelligence enables advanced facial recognition, speech recognition, and emotion recognition, sensors for which are integrated into the robots. In retail outlets, these robots are becoming the ultimate customer touchpoints and a well-accepted way of entertainment and customer interaction. In July 2019, AT&T entered into a partnership with Badger Technologies to develop 5G autonomous robots for retail stores. These robots can identify any out-of-stock products and misplaced or mispriced product in the store.

Market Restraints

The planning and designing of robots need massive investments. The implementation of advanced robotic technology into robots is expensive. The research and development of different robots require different sensors such as motion sensor, gesture sensor, voice recognition sensor, and others that are expensive components for producing robots. Therefore, high initial cost, long product life cycle, and limited functionality of robots are hampering the market growth. However, the development of robots with artificial intelligence has led to technical complexity associated with human-machine interface. Robots are built on the principles of robotics with the help of several sensors, which imparts a certain level of technical complexity with respect to receiving or responding to perception, action, and cognition. The human-machine interface often encounters issues with synchronization between humans and machines due to technical complexity in robots which is a rapidly surfacing challenge for the market.

Strategic Outlook and Future Directions

Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

Market Value by Segment (2024)

Value (USD Mn)
Mobile Robots
Fixed Robots

Companies

Key companies profiled in Robotics Market

Profiles of 114 companies operating in the Robotics Market market, including revenue, employee count, and market positioning where available.

Showing 114 of 114 companies

Yaskawa El

Yaskawa Electric Corporation

Semiconductor

Company Headquarters: Japan Founded: 1915 Workforce: ~ 15,179 Company Working: Yaskawa Electric Corporation is a leading automation company. The core products of the company are servo motors, controllers, AC drives, and industrial robots. It uses these core technologies to evolve mechatronics using digital data. It operates through motion control, robotics, system engineering, and other segments. The motion control segment includes AC servo drives and controller business. Under the robotics segment, it offers arc and spot-welding robots, painting robots, handling robots, and clean/vacuum transfer robots for semiconductors and LCD manufacturing equipment. Under system engineering, the company offers steel plant business, social system business, environment & energy business, and industrial electronics business. The others segment includes EV drive systems and logistics. Yaskawa Electric Corporation has a presence in regions such as the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

Revenue$0.0B
Employees15,179
Market CapN/A
Founded1914
Japan
Honda Moto

Honda Motor Co. Ltd

Semiconductor

Company Headquarters: Japan Founded: 1948 Workforce: 30,000+ Company Working: A well-known international firm with a focus on the production of cars, motorbikes, power tools, and other motorized products is Honda Motor Company, Ltd. Honda, which was founded in 1948 by Soichiro Honda and Takeo Fujisawa, has developed into one of the biggest and most prestigious automakers in the world. Honda offers many products, including cars, motorbikes, power tools like lawnmowers and generators, and aircraft. The business is renowned for its high-performance motorcycles, environmentally friendly and fuel-efficient cars and cutting-edge engine innovations. Honda has a strong global presence with production plants and distribution networks spread over numerous continents, including North America, Europe, Asia, and other developing countries. Honda can efficiently meet the demands of regional markets and serve a wide spectrum of clients thanks to its broad reach. Honda extensively participates in motorsports, including Formula 1 and motorbike racing, in addition to producing cars and motorcycles. Participation in such high-profile events demonstrates Honda's engineering prowess and enhances the company's reputation and brand image.

Revenue$129.9B
Employees30,000
Market CapN/A
Founded1947
Japan
Nachi-Fuji

Nachi-Fujikoshi Corp

Semiconductor

Company Headquarters: Toyama, Japan Founded: 1928 Workforce: ~150,000 Company Working: Nachi-Fujikoshi Corp is a Japanese machining tool manufacturer. Bearings, hydraulic equipment, cutting tools, machine tools, robotics, special steels, and industrial furnaces are the company's six business segments. The company contributes to the development of the world of product manufacture through its intricate and interconnected Nachi Business, which includes the machining business with machining, robots, and similar devices, the functional components business with bearings, hydraulic equipment, and similar devices, and the materials business with materials and heat treatment. Bearings, the largest revenue-generating segment, provides various types of ball and roller bearings. Drills and mills, broaching devices and power finishers, welding robots, hydraulic valves and pumps, hydraulic power units, alloys and special steels, coating tools and services, and thermo-furnace systems are all provided by the other segments. There are more than 50 connected enterprises that Nachi-Fujikoshi owns and runs. The company has a presence in Asia, Europe, and the Americas.

Revenue$0.0B
Employees150,000
Market CapN/A
Founded1927
Toyama, Japan
iRobot Cor

iRobot Corporation

Semiconductor

Company Headquarter: US Founded: 1990 Workforce: 920 Company Working: iRobot Corporation is a leading manufacturer of home and consumer robots. It has sold around 25 million home and consumer robots worldwide. The company also manufactures collaborative robots. It also works as a third-party developer, providing information and products that facilitate the creation and easy integration of new payloads, behaviors, and capabilities on iRobot platforms. The company has offices in California, the UK, China, and Hong Kong.

Revenue$0.6B
Employees920
Market CapN/A
Founded1989
United States, North America
Boston Dyn

Boston Dynamics

Semiconductor

Company Headquarter: US Founded: 1992 Workforce: ~200 Company Working: Boston Dynamics is a leading engineering company which manufactures robots and develops software for human simulation and training. The company first manufactured a robot that ran and moved like an animal. The company also produce robots by combining the principles of dynamic control and balance with advanced mechanical designs, cutting-edge electronics, and software for perception, navigation, and intelligence. Boston Dynamics works as a subsidiary of SoftBank Group.

RevenueN/A
Employees200
Market CapN/A
Founded1991
United States, North America
Universal

Universal Robots A/S

Semiconductor

Company Headquarter: Denmark Founded: 2005 Workforce: 620 Company Working: Universal Robots A/S (Universal Robots) is a leading manufacturer of collaborative robots. It has sold more than 34,000 collaborative robots around the world. It also manufactures industrial robot arms, which are used to automate and streamline repetitive industrial processes. The company serves in automotive, food and agriculture, furniture and equipment, metal and machining, plastic, pharma and chemistry, and scientific and research sectors and other industries worldwide. These robots are used for pick-and-place, injection molding, CNC, packaging and palletizing, quality inspection, assembly, machine tending, lab analysis and testing, and gluing and welding applications. Universal robots provide benefits such as easy programming, fast set-up, and flexible deployment.

Revenue$0.0B
Employees620
Market CapN/A
Founded2004
United States, North America
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Semiconductor Research Team

Semiconductor

Wantstats' semiconductor team built this report by tracking fab capacity, design wins, and supply chain shifts as they happen — not retroactively. Every figure has been checked against proprietary data and reviewed internally before publication.

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

Robotics Market

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