Robotics Technology Market - Databook 2025 to 2034

The global robotics technology market size surpassed USD 94.56 billion in 2024 and is predicted to reach around USD 375.95 billion by 2034, registering a CAGR of 46.1% from 2025 to 2034.

Highlights of the Robotics Technology Market

• Asia Pacific dominated the global market in 2024.
• Europe is anticipated to grow at the fastest rate in the market during the forecast period.
• By component, the hardware segment held a dominant presence in the market in 2024.
• By component, the software segment is expected to grow at the fastest rate in the market during the forecast period of 2025 to 2034.
• By robot type, the traditional industrial robots segment led the market.
• By robot type, the cobots segment is set to experience the fastest rate of market growth from 2025 to 2034.
• By application, the manufacturing segment dominated the market.
• By application, the healthcare segment is projected to expand rapidly in the market in the coming years.

Industry Valuation and Growth Rate Projection

The robotics technology market is developing as quickly as possible in the field of robotics. Where robots would be used, the market includes all applications in multiple sectors. The investment in modernizing manufacturing plants, along with expanding vehicle production capabilities, is making the market invest in technological innovations that will streamline operations and cut down operational costs. With the adoption of robotic solutions, companies have started automating the process, from operating machinery to improving precision. These include automakers who are integrating robots in their production lines to be able to execute complicated production tasks and maintain output uniformity.

With the growing share of service robots, businesses are heading up with automated cleaning due to increased costs of labor, hazards in occupations, and demanding effectiveness competition where most businesses are focused. Competition is established by thousands of global and regional players. Robotic companies open great opportunities for emerging markets because of Industry 4.0 and digital transformation initiatives. But besides that, it has pushed governments and their private sector to encourage some measures toward automation to attain some level of productivity efficiency to address labor shortages.

Moreover, collaboration between the very big companies and small newcomers is likely to further fuel growth. Further propelled by technological progressions, strategic alliances, and rising end-user demand, the robotics technology market is expected to follow its pointed growth pattern.

Robotics Technology Market: Stats and Figures

• The share of Chinese manufacturers in the domestic market has grown considerably since 2022, reaching 47% in 2023. It has fluctuated around 28% over the past decade.
• Industrial robot installations in Europe rose 9% to a new high of 92,393 units. In total, 80% of installations in 2023 could be attributed to destinations in the European Union (73,534 units, up by 2%).
• Global robot installations are expected to level off at 541,000 units. Growth is expected to accelerate in 2025 and continue in 2026 and 2027.

How AI Has Benefitted the Robotics Technology Market

• Enhanced Capabilities: Through the employment of AI algorithms, robots become capable of undertaking several complex tasks in the most complicated environments.
• Improved Learning and Adaptation: Robots have independent learning abilities through the use of the latest machine learning, which helps them to learn from data and improve their knowledge under changed and unknown conditions.
• Improved effectiveness and productivity: Through AI, such robotic systems can perform the automation of repetitive tasks that will minimize errors in the process and increase their level of accuracy.
• Improved Safety: AI robots are the best partners in the fulfillment of significant tasks, far from the intervention of people in the hazardous environment.
• Enhanced Human-Robot Collaboration: AI can facilitate improved human-robot collaboration, thereby enhancing safety and efficiency in repetitive, time-consuming, or physically taxing operations.

Industry Leader Announcements

• Takayuki Ito, President of the International Federation of Robotics:

"China has succeeded in upgrading its manufacturing industry at an unprecedented pace,"

• Bernt Børnich, CEO of 1X Technologies:

“While we develop our models, NVIDIA’s GR00T N1 provides a significant boost to robot reasoning and skills. With minimal post-training data, we fully deployed on NEO Gamma — advancing our mission of creating robots that are not just tools, but companions capable of assisting humans in meaningful, immeasurable ways.”

Geographical Insights

The global robotics technology market is experiencing significant growth, with APAC maintaining its position as the dominant region while Europe emerges as the fastest-growing market. North America is expected to witness significant growth in the robotics yechnology market.

APAC

The Asia-Pacific region dominated the market owing to government support and industrialization. Infrastructural activities incorporating robotics into various sectors, such as manufacturing, healthcare, construction, and public services, form a strong basis in this region. Government programs, artificial intelligence coupling, and building smart infrastructure facilitate the rapid adoption of robotics across the region. Innovative robotics solutions deployed by companies are aimed at improving operational efficiency and public service delivery level while simultaneously driving urban development.

Europe

Europe is expected to witness the fastest growth during the forecast period. This growth could mainly be attributed to increased interest in robotic applications in industrial as well as consumer-oriented sectors. Such a robust engineering and manufacturing base has contributed significantly to developing and deploying advanced robots within this region. Robotics applications have been incorporated mostly in several sectors, including automotive, logistics, agriculture, and education. In addition, Europe has been drawing up regulations that busy themselves with the ethical use and safety of these robot applications.

• Installations in Germany, the largest European market and the only European one in the global top five, were up 7% to 28,355 units. Installations in the second-largest European market, Italy, declined by 9% to 10,412 units. The third-largest European market, France, was down 13%, installing 6,386 units.

North America

North America's robotics technology market is characterized by innovation and strong demand from industry. There are already advanced research capabilities in the region, as well as a high adoption of automation throughout the manufacturing, healthcare, and defense sectors. Major robotics companies, as well as a steady investment in R&D, reinforce and complement the influence of North America in the global robotics landscape.

• The United States, the largest regional market, accounted for 68% of installations in the Americas in 2023.

Recent Developments:

• In April 2025, Beijing hosted the first half-marathon featuring humanoid robots, showcasing both advancements and hurdles in China’s robotics sector, highlighted by only six of the 21 robotic runners finishing the race.
• In April 2025, Gecko Robotics is partnering with defence prime L3Harris to ensure the maintenance and support of military aircraft used by the US Armed Forces and its allies. This collaboration aims to create an extended reality (XR) capability that improves the detection of physical defects, thereby increasing efficiency in aircraft maintenance and sustainment.

Competitive Landscape

The robotics technology market is very fragmented, with leading companies such as Universal Robots A/S, Boston Dynamics, Northrop Grumman Corporation, Omron Corporation, Kawasaki, Heavy Industries, Ltd., Honda Motor Co. Ltd., ABB Group, Sony Corporation, and Mitsubishi Electric Corporation. The global robotics technology market is facing intense competition due to evolving consumer preferences, innovation, and product development, with brand managers focusing on global market share and differentiation.

The market is dominated by several companies renowned for their significant contributions. Based on recent data, the top three companies are:

• Company Name: Sony Corporation
• Year of Incorporation: 1946
• Headquarters: Sony City, Minato, Tokyo, Japan

According to Sony's latest financial reports, the company's current revenue (TTM ) is ₹7.681 trillion. An increase in the revenue in the year 2023, that were of ₹7.406 Trillion.

• Company Name: Honda Motor Co. Ltd.
• Year of Incorporation: 1948
• Headquarters: Minato, Tokyo, Japan

Honda's consolidated sales revenue for the fiscal year ended March 31, 2024, increased by 20.8%, to JPY 20,428.8 billion from the fiscal year ended March 31, 2023, due mainly to increased sales revenue in the Automobile business as well as positive foreign currency translation effects.

• Company Name: ABB Group
• Year of Incorporation: 1988
• Headquarters: Zurich, Switzerland

In 2024, the ABB Group generated around 32 billion U.S. dollars in revenue, a slight increase compared with the previous year. The electrification segment was responsible for about 47 percent of the total revenue in 2024.