Market Size of Commercial Robotics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 33.65 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Commercial Robotics Market Analysis
The commercial robotics market is expected to register a CAGR of 33.65% during the forecast period. Technological advancements and the increasing demand for automation across various industries are driving the demand for commercial robots in the market.
- Commercial robots are widely used in the field as autonomous guided drones and medical applications. Commercial robots' exceptional service over conventional methods will likely boost investment and utilization.
- Drones are becoming popular and are being integrated into diverse applications, including commercial space. Also, various startups and tech giants are rigorously investing in this technology to capture a higher market share at an early stage. Further, the market is witnessing various partnerships and collaborations by public and private organizations. For instance, in August 2022, The Drone Federation of India signed an MoU with the Indian Army Design Bureau to accelerate drone technology development and indigenization in the drone ecosystem.
- Moreover, the medical robotics sector has developed at a rapid rate due to the growing acknowledgment of its benefits in the healthcare sector. The healthcare industry strongly leans toward technological innovation the IoT industry and investments in robotics have been the major contributors to the growth of the market.
- For instance, in September 2022, The Care and Equity Healthcare Logistics UAS Scotland project secured EUR 10.1 million (USD 10.7 million) in funding from the future flight challenge at UK Research and Innovation. Led by AGS Airports in partnership with NHS Scotland, CAELUS brings together 16 partners, including the University of Strathclyde, NATS, and NHS Scotland.
- The market is witnessing the adoption of robots for protecting the border. For instance, recently, an Israeli defense contractor unveiled a remote-controlled armed robot to patrol battle zones, track infiltrations, and open fire. It is operated by an electronic tablet and can be equipped with two machine guns, cameras, and sensors.
Commercial Robotics Industry Segmentation
Robotics play a crucial role in commercial applications, with many core operations being managed by robots. The commercial robotics market has witnessed a surge in demand in the past decade. This is due to the rising convergence of robotics and artificial intelligence, including planning and search, probabilistic inference, localization, tracking, and control.
The Commercial Robotics Market is Segmented by Type of Robot (Drones, Field Robots, Medical Robots, Autonomous Guided Robotics), Application (Medical and Healthcare, Defense and Security, Agriculture and Forestry, Marine), and Geography (North America, Europe, Asia Pacific, Latin America, MEA). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments. The report also covers the trends in the market and the assessment of the impact of COVID-19 on the market.
| By Type of Robot | |
| Drones | |
| Field Robots | |
| Medical Robots | |
| Autonomous Guided Robotics | |
| Other Types of Robots |
| By Application | |
| Medical and Healthcare | |
| Defense and Security | |
| Agriculture and Forestry | |
| Marine | |
| Other Applications |
| Geography | ||||||||
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Commercial Robotics Market Size Summary
The commercial robotics market is experiencing significant growth, driven by technological advancements and the increasing demand for automation across various industries. This market encompasses a wide range of applications, including autonomous guided drones and medical robotics, which are gaining traction due to their superior efficiency compared to traditional methods. The integration of drones into commercial applications is particularly notable, with numerous startups and tech giants investing heavily to capture market share. Additionally, partnerships and collaborations, such as those between the Drone Federation of India and the Indian Army Design Bureau, are fostering innovation and development in drone technology. The healthcare sector is also witnessing rapid advancements in medical robotics, supported by investments and technological innovations that enhance healthcare delivery. The defense industry is increasingly adopting robotic solutions for surveillance and security, driven by rising government expenditures and geopolitical tensions, further propelling market growth.
North America is poised to lead the commercial robotics market, supported by its advanced infrastructure and technological advancements, particularly in healthcare and defense. The region's market growth is bolstered by the presence of major industry players and pioneering adoption of surgical robots. The defense and security sector in North America also contributes significantly to demand, with a focus on military modernization and increased use of airborne drones for security and surveillance. The market is characterized by fragmentation, with substantial investments in medical robotics and ongoing technological innovations. Key players such as Northrop Grumman Corp., Yaskawa Electric Corporation, and Kuka AG are driving the market forward through product launches and strategic developments. Recent advancements include Brain Corporation's next-generation autonomy platform and Leidos' development of unmanned underwater vehicles, highlighting the dynamic nature of the commercial robotics industry.
Commercial Robotics Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Assessment of Impact of COVID-19 on the market
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2. MARKET SEGMENTATION
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2.1 By Type of Robot
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2.1.1 Drones
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2.1.2 Field Robots
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2.1.3 Medical Robots
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2.1.4 Autonomous Guided Robotics
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2.1.5 Other Types of Robots
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2.2 By Application
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2.2.1 Medical and Healthcare
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2.2.2 Defense and Security
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2.2.3 Agriculture and Forestry
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2.2.4 Marine
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2.2.5 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Spain
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 Singapore
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2.3.3.5 Australia
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Mexico
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2.3.4.3 Argentina
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2.3.4.4 Rest of Latin America
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2.3.5 Middle East & Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 South Africa
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2.3.5.4 Rest of Middle East & Africa
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Commercial Robotics Market Size FAQs
What is the current Commercial Robotics Market size?
The Commercial Robotics Market is projected to register a CAGR of 33.65% during the forecast period (2024-2029)
Who are the key players in Commercial Robotics Market?
Yaskawa Electric Corporation, Northrop Grumman Corporation, Kuka AG, iRobot Corporation and Omron Adept Technologies Inc. are the major companies operating in the Commercial Robotics Market.
