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The commercial robotics market size is estimated to grow by USD 31.39 billion at a CAGR of 26.39% between 2023 and 2028. The robotics industry is experiencing significant growth due to the increasing demand for automation in commercial applications. Robotics is no longer limited to manufacturing industries but is finding its way into various sectors such as healthcare, agriculture, and logistics. Governments worldwide are recognizing the potential of robotics and are providing support through funding and policy initiatives. For instance, the European Union's Horizon 2020 program has allocated €1.5 billion for robotics research and development. This rising demand, adoption in diverse application fields, and government support make the robotics industry an exciting and promising field for innovation and growth.
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The Commercial Robotics Market is witnessing significant growth due to the increasing adoption of automation in various industries. Self-Driving Delivery Bots and Swifti delivery robots are revolutionizing the logistics sector, making deliveries faster and more efficient. Artificial Intelligence (AI) is a key technology driving the market, enabling robots to learn and adapt to new environments. Companies like Boston Dynamics, with their Spot robot, are at the forefront of this technology. Field robots are also gaining popularity in sectors like agriculture and construction, enhancing productivity and reducing labor costs. In the medical sector, robots are being utilized for surgeries and patient care, improving accuracy and efficiency. Shenzhen, China, and startups are leading the charge in drone technology development for commercial applications, including autonomous guided drones for inspections and deliveries. Tech giants like Softbank Robotics and their Pepper 2 humanoid robots are also investing heavily in the market. Collaborations between companies and the indigenization of robotics technology are expected to further fuel market growth in the Commercial space. The Medical robotics sector and IoT industry are also set to benefit significantly from this trend. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising demand for commercial robotics is notably driving market growth. The market is experiencing significant growth due to technological advancements and increased R&D investments. Defense spending on unmanned aerial vehicles (UAVs) and unmanned underwater vehicles (UUVs) in the military and security sectors is driving market expansion. Commercial robotics are increasingly utilized for enemy tracking and reconnaissance in war zones.
Furthermore, in the defense sector, wingcopters and sprights are being employed for aerial reconnaissance, while Brain Corporation's BrainOS-powered surgical robots enhance precision and efficiency in medical procedures. Leidos, a leading defense and technology company, is also investing in robotics for marine environmental sensing. SMEs, facing labor shortages in countries like Japan, are turning to robotics and automation solutions to maintain production line capacity and ensure employee safety. Thus, such factors are driving the growth of the market during the forecast period.
Integration of IoT with robotics is the key trend in the market. The market has witnessed significant growth due to the integration of the Internet of Things (IoT) and technological advancements. Defense spending on Unmanned Aerial Vehicles (UAVs) and Unmanned underwater vehicles (UUVs) in the military sector has driven the demand for commercial robotics. UAVs are extensively used for enemy tracking and reconnaissance in war zones, while UUVs are employed for marine environmental sensing. In the defense and security sector, surgical robots from companies like Brain Corporation with BrainOS have revolutionized medical procedures.
Furthermore, Wingcopter and Spright are leading names in the commercial drone industry, offering advanced aerial solutions. Leidos, a leading technology and engineering solutions provider, also contributes significantly to the market growth. The adoption of IoT, smart devices, wireless technology, and cloud computing will continue to shape the future of commercial robotics, enabling new applications and modes of operation. Thus, such trends will shape the growth of the market during the forecast period.
High costs of robotic systems is the major challenge that affects the growth of the market. The commercial robotics market is witnessing significant growth due to the increasing adoption of these advanced machines in various sectors, particularly defense and security. Defense spending on unmanned aerial vehicles (UAVs) and unmanned underwater vehicles (UUVs) for enemy tracking and reconnaissance in war zones is driving the demand for commercial robotics. In the military sector, surgical robots are increasingly being used for precision procedures, with companies like Brain Corporation and Leidos leading the way with their BrainOS and advanced UUV technologies, respectively.
However, the high cost of these advanced robotics is a significant barrier to entry for several end-users, especially in emerging economies. Vendors such as Wingcopter and Spright are continuously investing in research and development to integrate advanced technologies, resulting in the launch of new and advanced models. This continuous innovation and integration of technology are expected to increase the cost of commercial robotics further during the forecast period. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3D Robotics Inc. - The company offers commercial robotics that is equipped with products such as H520 G hexacopter, E90 camera, car charger adapter, SD card, DY5 dual smart charger, ST10C controller, propeller pairs, SC400-4H balancing smart charger, and hardcases.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the Medical and healthcare segment will be significant during the forecast period. The Commercial Robotics Market is experiencing significant growth with the increasing adoption of advanced technologies such as Self-Driving Delivery Bots and Swifti delivery robots. AI and IoT are driving the development of autonomous guided drones and field robots, with tech giants like Boston Dynamics leading the way with robots like Spot.
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The Medical and healthcare segment showed a gradual increase in the market share of USD 2.79 billion in 2018. The medical sector is a major utilizer of commercial robots, with Softbank Robotics' Pepper 2 humanoid robots being used for patient care. Investment in this space is surging, with startups and established companies collaborating to advance drone technology development. The medical robotics sector and defense process are key areas of focus, with the Ministry of Defense and Israeli defense contractors exploring the use of armed robots for border protection and surveillance. AGS Airports, NHS Scotland, University of Strathclyde, NATS, and the Future Flight Challenge are also investing in this technology for security and automation purposes.
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APAC is estimated to contribute 48% 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.
The market is experiencing significant growth with the integration of Advanced Artificial Intelligence (AI) in Self-Driving Delivery Bots, such as Swifti, and Field Robots from companies like Boston Dynamics and their Spot model. Tech giants and startups are collaborating to develop Drone technology for commercial applications, including Medical sectors, with funding from IoT industry investors. Shenzhen and Softbank Robotics' Pepper 2 humanoid robots are being utilized in various industries for automation. Autonomous Guided Drones are increasingly being adopted for medical applications, border protection, and surveillance. The Defense sector is also investing in Military robot automation, with Israeli defense contractors developing Armed robots for defense processes. The Future Flight Challenge involves collaborations between AGS Airports, NHS Scotland, University of Strathclyde, NATS, and other stakeholders to explore drone technology's potential in the commercial space. The Ministry of Defense is also focusing on utilizing drones for security and surveillance purposes.
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.
Industrial Robotics Services Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Germany, South Korea - Size and Forecast
Industrial Robotics Market Analysis APAC - China, Japan, South Korea, India, Rest of APAC - Size and Forecast
Commercial Robotics Market by Application and Geography - Forecast and Analysis
Commercial robotics is a rapidly evolving market, driven by advancements in Artificial Intelligence (AI) and automation. Swifti delivery robots and self-driving delivery bots are revolutionizing logistics and transportation, making deliveries faster and more efficient. Companies like Boston Dynamics, with their Spot robot, are leading the charge in field robots, while Softbank Robotics' Pepper 2 humanoid robots are transforming customer service and interaction. Investment in commercial robots is surging, with startups and tech giants collaborating to develop drone technology for various applications Utilization.
Furthermore, the medical sector is a significant area of focus, with autonomous guided drones delivering medical supplies and robots assisting in surgeries. Shenzhen, a tech hub in China, is a major player in this market, leading in drone manufacturing and production. The commercial space sector is also utilizing robots for automation, with AGS Airports and NHS Scotland implementing robotics to streamline operations. Drone technology development is advancing, with funding from NATS and the University of Strathclyde, and collaborations with Israeli defense contractors for border protection and military robot automation. The defense process is also adopting robots for internet communication, surveillance, and security. The future of commercial robotics is promising, with the IoT industry set to play a significant role in its growth.
Market Scope |
|
Report Coverage |
Details |
Page number |
146 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 26.39% |
Market growth 2024-2028 |
USD 31.39 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
22.68 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 48% |
Key countries |
China, US, Japan, Germany, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3D Robotics Inc., Accuray Inc., AeroVironment Inc., Autel Intelligent Technology Co., General Electric Co., Honda Motor Co. Ltd., Intuitive Surgical Inc., Irobot Corp., KUKA AG, Northrop Grumman Corp., OMRON Corp., Smith and Nephew plc, Yaskawa Electric Corp., Yuneec International Co. Ltd., and Zimmer Biomet Holdings Inc. |
Market dynamics |
Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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