The Global Robotics and Automation Market Size Was Worth USD 2.86 Billion in 2023 and Is Expected To Reach USD 52.73 Billion by 2032, CAGR of 38.24%.

The robotics market size is projected to grow from $64.8 billion in 2024 to $375.82 billion by 2035, growing at a CAGR of 17.33% during the forecast period till 2035.

[310 Pages Report] The global IT robotic automation market size was valued at US$ 4.1 Billion in 2021 and is projected to grow at a compound annual growth rate of 15.7%, reaching US$ 22.8 Billion by 2032 from US$ 5.3 Billion in 2022.

Attributes	Details
IT Robotic Automation Market CAGR (2022 to 2032)	15.7%
IT Robotic Automation Market Size (2022)	US$ 5.3 Billion
IT Robotic Automation Market Size (2032)	US$ 22.8 Billion

The global market for industrial robots is projected to grow steadily between 2018 and 2028. In 2020, the size of the market was estimated at around 55 billion U.S. dollars, with some 2.7 million units of industrial robots in operation worldwide. In 2028, the market size is projected to surpass 165 billion U.S. dollars.

The Report Covers Global RPA Market Statistics, Forecast and is Segmented by Deployment Mode (On-Premise and Cloud), Solution (Software and Service), Size of Enterprise (Small and Medium Enterprises and Large Enterprises), End User Industry (IT and Telecom, BFSI, Healthcare, Retail, Manufacturing), and Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The Robotics Industry is Segmented by Type (Industrial, Service), End-User (End-Users of Industrial Robots (Automotive, Food & Beverage, Electronics, Other End-Users of Industrial Robots), End-Users of Service Robots (Logistics, Military and Defense, Medical and Healthcare, Other End-Users of Service Robots), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The global robotic process automation (RPA) market is forecast to grow to more than 13 billion U.S. dollars by 2030, an increase of more than 12 billion compared to 2020. RPA is a type of business process automation based on software robots or bots that perform menial business tasks to expedite enterprise operations and reduce costs.

Explore the Kitchen Robotics And Automation Market trends! Covers key players, growth rate 10.4% CAGR, market size $4.32 Billion, and forecasts to 2033. Get insights now!

The robotic process automation market revenue in 2022 was US$ 2,599.3 Million. The market is expected to reach US$ 24,633.4 Million by 2033, as it is estimated to grow at a CAGR of 22.8% for 2023 to 2033.

Attributes	Details
Estimated Year (2023) Market Value	US$ 3,150.4 Million
Projected Year (2033) Market Value	US$ 24,633.4 Million
CAGR% (2023 to 2033)	22.8%
Top 5 Vendor Market Share	Around 29%

Scope of report

Attribute	Details
Market value in 2022	US$ 2,599.3 Million
Market CAGR 2023 to 2033	22.8%
Share of top 5 players	Around 29%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	USD Million for Value
Key Regions Covered	North America, Latin America, Europe, South Asia & Pacific, East Asia and the Middle East & Africa
Key Countries Covered	USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Australia & New Zealand, GCC Countries, Turkey and South Africa
Key Segments Covered	Component, Operations, Industry and Region
Key Companies Profiled	Pegasystems Inc. Redwood Software UiPath SRL Prism group PLC Celaton Ltd. IPSoft Inc. Nice System Ltd Automation Anywhere IBM KOFAX WorkFusion Another Monday
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

The market size is projected to grow from USD 7.1 Billion Enriching growth in Industrial Robots Driven by Industrial Automation Demand Several factors, such as improved sensors technologies, artificial-intelligence (AI)-based control systems and cloud-based monitoring systems, contribute in enhancing productivity and efficiency in industries.

Metric	Value
Market Size (2025E)	USD 7.1 Billion
Market Value (2035F)	USD 33.7 Billion
CAGR (2025 to 2035)	16.8%

Country-Wise Outlook

Country	CAGR (2025 to 2035)
USA	17.1%

Country	CAGR (2025 to 2035)
UK	15.9%

Country	CAGR (2025 to 2035)
European Union (EU)	16.6%

Country	CAGR (2025 to 2035)
Japan	16.9%

Country	CAGR (2025 to 2035)
South Korea	16.8%

Competitive Outlook

Company Name	Estimated Market Share (%)
FANUC Corporation	15-20%
ABB Ltd.	12-16%
Yaskawa Electric Corporation	10-14%
KUKA AG (Midea Group)	8-12%
Mitsubishi Electric Corporation	5-9%
Other Companies (combined)	40-50%

In 2024, the German robotics and automation industries were forecast to record a combined domestic and export turnover of around 16.5 billion euros. This would only be a small increase of around two percent compared to 2023.

Robotic process automation market revenues are expected to eclipse four billion U.S. dollars worldwide in 2020. Forecasts predict continued growth in the coming years with market value set to reach more than ten billion by 2023.

Robotic Process Automation

RPA is a type of IT solution that allows organizations to automate many of their tasks through the use of specialized software programs. Many business executives believe that RPA can bring many benefits, saving their company time on repetitive tasks and serving to increase the quality of work that their company produces. Blueprism, NICE, and UiPath are some of the biggest names in the industry, each with a significant share of the overall market.

Automation

Automation on a broader scale extends past the software market and into hardware, especially in the context of manufacturing. The factory automation segment is by far the biggest segment in the industry, whilst process automation and industrial software also account for significant shares. As automation software becomes more advanced, it remains to be seen how much of an effect it will have on employment levels, across a variety of industries.

According to Cognitive Market Research, the global robotics market size will be USD 34516.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 13.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 13806.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 10354.98 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7938.82 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1725.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 690.33 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The autonomous mobile robots (AMRs) category is the fastest growing segment of the robotics industry

Market Dynamics of Robotics Market

Key Drivers for Robotics Market

Increasing Demand for Automation Across Industries to Boost Market Growth

The increased demand for automation is a significant driver of the robotics market. Industries such as manufacturing, logistics, and healthcare are incorporating robots to improve efficiency, precision, and output. Automation lowers operational costs and tackles workforce shortages, especially in areas with elderly populations. For example, robotic arms are widely used in the manufacturing sector for welding, assembly, and painting. In contrast, robots are used in the logistics business for warehouse management and last-mile delivery. Additionally, the adoption of service robots, such as delivery bots and robotic nurses, is on the rise. This trend underscores the pivotal role of automation in driving market expansion. In addition, the market is anticipated to grow during the projected period as a result of players in the industry adopting Robotics. For instance, according to the International Federation of Robotics (IFR), the global stock of operational industrial robots hit 3.5 million units in 2023, up 10% from the previous year.

Advancements in Artificial Intelligence and Machine Learning

Technological advancements in AI and machine learning (ML) are revolutionizing robotics. AI-powered robots can perform complex tasks, adapt to dynamic environments, and make data-driven decisions in real-time. Machine learning enhances their ability to learn from experience, increasing efficiency and autonomy. Applications such as autonomous mobile robots (AMRs) and collaborative robots (cobots) benefit significantly from these innovations. These technologies are enabling robots to enter diverse industries, from smart manufacturing and healthcare to agriculture and defence, accelerating overall market growth.

Restraint Factor for the Robotics Market

High Initial Costs and Maintenance Challenges Will Limit Market Growth

The substantial initial cost necessary to purchase, deploy, and maintain robotic systems is a significant barrier to entry in the robotics sector. Businesses, particularly small and medium-sized firms (SMEs), frequently encounter financial difficulties when implementing robotics. The initial costs cover not only the procurement of robots but also the integration of hardware, software, and supporting infrastructure. Furthermore, maintaining and improving robotic systems necessitates specialized skills and technical knowledge, resulting in increased operational costs.

Impact of Covid-19 on the Robotics Market

The COVID-19 epidemic had a huge impact on the robotics business, increasing adoption across a variety of industries. Lockdowns, workforce shortages, and social distancing mandates underlined the critical role of automation in ensuring operational continuity. Robots have played an important role in healthcare, with autonomous devices employed to disinfect hospitals, transport prescriptions, and undertake non-contact temperature assessments. Similarly, the e-commerce and logistics industries saw an increase in demand for warehouse and delivery robots to accommodate higher online shopping vol...

The sales value of the robotic process automation (RPA) services market in Japan was forecasted to grow steadily until fiscal year 2023 and expected to reach a market size of roughly 100 billion Japanese yen in said year. Robotic process automation describes the use of software robots to automate repetitive office work. RPA's market size is predicted to rapidly increase in Japan by 2023 for several reasons. Improvements to the work-life balance of employees, who are known to work long office hours and overtime, have been encouraged by the Japanese government on the one hand. On the other hand, for the economy more generally, technologies like RPA may ease the implications of Japan's rapidly aging demographic.

In the fiscal year of 2020, Mitsubishi generated almost 10 billion euros from its Industrial Automation Systems segment. Mitsubishi's revenue was more than twice as large as its closest competitor’s revenue. ABB Robotics generated some five billion euros from its Industrial Automation segment.

Industrial robotics market

Although industrial robots have made inroads into a growing number of industries such as the food and beverages industry, the highly automated electrical/electronics industry became the largest area of application for electro-mechanical machines in 2020, followed by the automotive industry. The robotics industry’s growth trend is largely driven by rising wage levels that force manufacturers worldwide to replace human labor with machines. Asia and Europe are home to the key players in the market, including ABB, KUKA, Fanuc, and the Yaskawa Electric Corporation. With relevant sales of around 1.1 billion euros, Japan-based Yaskawa was ranked among the largest manufacturers of industrial robots in 2020. The company’s heavy duty industrial robots can be used for welding, assembly, coating, materials handling, materials cutting, materials removal, and spot welding. Automation industry The robotics industry is a subsector of the automation industry. Similar to the market for industrial robotics, the factory automation market is forecast to grow in the following years, reaching a size of some 230 billion U.S. dollars in 2025. This industry is comprised of a variety of products and services, including relays, switches, sensors and drives, machine vision and control systems, as well as industry software development and services. Conglomerates like Siemens, Mitsubishi Electric or General Electric are the major vendors of industrial automation and industry software.

Global robotic process automation market size is expected to grow from $3.19 billion in 2023 to $28.48 billion by 2032, at a CAGR of 24.50% from 2024-2032

The Robotics And Automation Actuators Market is anticipated to experience significant growth in the coming years. The market was valued at USD 20.68 Billion in 2023 and is expected to reach a valuation of USD 57.34 Billion by 2031, growing rapidly at a CAGR of 13.60% during the forecast period.

This growth is attributed to the rising adoption of industrial automation and robotics across a wide range of industries. The demand for industrial robots is projected to experience a strong upswing. These robots are employed in a variety of tasks within the manufacturing sector, such as welding, painting, and assembly. As industries strive for increased efficiency and productivity, the adoption of industrial robots is anticipated to accelerate. This acceleration will consequently propel the demand for actuators that enable their movement and functionality.

Robotics And Automation Actuators Market: Definition/ Overview

Robotics and automation actuators are devices tasked with converting energy into purposeful movement or force, acting as the essential muscles within robots and automated machines. Their meticulous control and manipulation of various system parts allow robots to perform complex tasks with impressive precision and speed.

Global IT Robotic Automation market size was valued at USD 5.49 Bn in 2023 & is predicted to grow USD 20.39 Bn by 2032 at 15.7% CAGR from 2024 to 2032

According to Cognitive Market Research, The Global Machine-tending robots market size will be USD 105.6 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 14.30% from 2023 to 2030.

The demand for the Machine tending robots marketis rising due to thegrowing demand for automobiles and consumer electronics products, along with significant investments in research and development by key industry players.
Demand for injection molding remains higher in the Machine tending robots market.
The articulated category held the highest machine-tending robots market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific machine-tending robots market will experience the strongest growth until 2030.

Increasing Emphasis on Automation in Manufacturing to Provide Viable Market Output

The growth of the Machine Tending Robots Market is the increasing emphasis on automation in the manufacturing sector. Manufacturers across various industries are recognizing the advantages of implementing Machine-tending robots to enhance efficiency, productivity, and cost-effectiveness in their operations. These robots are capable of handling repetitive and labor-intensive tasks, such as loading and unloading machines, quality inspection, and material handling, with precision and consistency. As global competition intensifies and labor costs rise, manufacturers are turning to automation to remain competitive.

Basler is set to launch Add-on Camera Kits featuring 5 and 13 M.P. to provide support for the NVIDIA Jetson Orin Nano system-on-modules (SOMs). These SOMs have established a new standard for entry-level edge A.I. and robotics, as stated during the NVIDIA GTC event.

(Source:www.baslerweb.com/en/company/news-press/press-releases/basler-announces-vision-compatibility-for-new-nvidia-jetson-orin-nano-edge-ai-platform/894217/)

Machine tending robots not only help reduce production cycle times but also minimize errors and defects, leading to improved product quality. In addition, the incorporation of cutting-edge technologies like AI and ML empowers these robots to adjust to evolving production needs and enhance their efficiency to a greater extent. By utilizing artificial intelligence and machine learning, machine-tending robots can continuously learn and improve their efficiency over time.

Advancements in Robotic Technologies to Propel Market Growth

The machine tending robots market is experiencing significant growth driven by continuous advancements in robotic technologies. Robots have evolved from rigid and specialized machines to highly flexible and intelligent systems. Modern Machine tending robots are equipped with advanced sensors, machine vision, and artificial intelligence (A.I.) capabilities. These technologies enable robots to perform complex tasks, handle a variety of products, and adapt to changing production requirements. Machine vision systems allow robots to identify and handle parts with precision, even in unstructured environments. A.I. algorithms enable robots to learn from experience, optimize their performance, and make real-time decisions.

Market Dynamics of Machine Tending Robots

High Initial Investment Costs to Hinder Market Growth

The high initial investment required for acquiring and implementing robotic systems. The cost of purchasing, installing, and integrating robot systems can be significant, particularly for small and medium-sized enterprises (SMEs) with limited financial resources. This cost includes not only the price of the robot itself but also expenses related to safety measures, programming, and customization to suit specific manufacturing processes. Additionally, the need for specialized training for the workforce to operate and maintain these robots adds to the overall expenditure.

Impact of COVID–19 on the Machine-Tending Robots Market

The COVID-19 pandemic had a significant impact on the Machine Tending Robots Market. In the early stages of the pandemic, many manufacturing facilities were temporarily shut down or operated at reduced capacity due to lockdowns and safety concerns, leading to a slowdown in the adoption of Machine-tending robots. However, as the pandemic continued, there was a growing realization of the importance of automation in maintaining production continuity while adhering to social distancing measures and ensuring a safe working environment. This pr...

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Industrial Robotics Services Market Size 2024-2028

The industrial robotics services market size is forecast to increase by USD 7.47 billion at a CAGR of 6.59% between 2023 and 2028. The market is experiencing significant growth, driven by surging demand for automation in various industries. This trend is fueled by the increasing need for efficiency, productivity, and cost savings. Technological innovations, such as artificial intelligence, machine learning, and advanced sensors, are revolutionizing industrial robotics services, enabling more precise and adaptive automation solutions. However, the high cost of these services remains a challenge for small and medium-sized enterprises, limiting their adoption. Despite this, the market is expected to continue its upward trajectory, as the benefits of industrial robotics become increasingly apparent to businesses seeking to remain competitive in today's global economy.

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The market encompasses the use of advanced technologies such as collaborative robots and AI-enabled robots in various industries. These robots are integral to addressing climate change through manufacturing processes by optimizing energy usage and reducing labor wages. Hardware components like robot arms and end effectors are essential parts of these robots, while vision systems enable precise automation. Collaborative robots, or cobots, are increasingly popular due to their ability to work alongside human operators in shared workspaces. Safety features are crucial in these scenarios, with traditional safety barriers giving way to dedicated robot zones. Industrial robots, including manipulators and actuators, continue to dominate professional use in large-scale manufacturing.

Moreover, the integration of IoT-based devices and automation in service robots is expanding their application to personal use, such as medical robots. Artificial Intelligence (AI) plays a significant role in enhancing the capabilities of these robots, enabling them to learn and adapt to new environments. In conclusion, the market is experiencing significant growth due to the increasing demand for automation, energy efficiency, and advanced capabilities in various industries.

Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Material handling
  Welding and soldering
  Assembly line
  Others


End-user

  Healthcare and pharmaceuticals
  Automotive
  Food and beverages
  Others


Geography

  APAC

    China
    Japan
    South Korea


  Europe

    Germany


  North America

    US


  South America



  Middle East and Africa

By Application Insights

The material handling segment is estimated to witness significant growth during the forecast period. The market refers to the provision of robotic solutions and related services to various industries, primarily utilizing industrial robots. These robots are integral to manufacturing processes, material handling, and machine tending in sectors such as metals & machinery, machinery industries, pharmaceuticals, and medical. Initial capital expenditure for implementing industrial robotics can be substantial, but the integration of IoT-based devices and advanced technologies like Manipulator robots, Parallel robots, and robot arms, can significantly enhance productivity and reduce labor wages for loading and unloading, packaging, and logistics tasks. Maintenance and programming are essential aspects of the production value chain, ensuring the optimal performance of these machines.

Moreover, material handling robots, including those used in minimally invasive surgeries, have revolutionized the medical sector. The production workflows in industries like retail and residential sectors are also benefiting from the adoption of robotic solutions. With advancements in payload-carrying capacity and payload production, the market for industrial robotics continues to grow, offering solutions for manufacturing, material handling, and logistics applications.

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The material handling segment was valued at USD 6.95 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market refers to the provision of robotic solutions and related services to various industries, primarily utilizing industrial robots. These robots are integral to manufacturing