Global Robotics Market 2020-2024

Global Robotics Market 2020-2024

Technavio has been monitoring the robotics market and it is poised to grow by $ 8.92 bn during 2020-2024 progressing at a CAGR of 3% during the forecast period. Our reports on robotics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological advances in robot hardware. In addition, stringent health and safety regulations and the emergence of medical robotics is anticipated to boost the growth of the market as well.

The robotics market analysis includes application segment and geographic landscape.

Technavio's robotics market is segmented as below:

By Application

  • Industrial
  • Services
By Geographic Landscapes
  • APAC
  • Europe
  • North America
  • MEA
  • South America
This study identifies the improvement in robotic system integration services as one of the prime reasons driving the robotics market growth during the next few years. Also, government initiatives in Europe and the adoption of innovative business models will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our robotics market covers the following areas:
  • Robotics market sizing
  • Robotics market forecast
  • Robotics market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading robotics market vendors that include ABB Ltd., Clearpath Robotics Inc., FANUC Corp., Intuitive Surgical Inc., iRobot Corp., Midea Group Co. Ltd., Mobile Industrial Robots AS, OMRON Corp., Savioke Inc., and Yaskawa Electric Corp. Also, the robotics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Industrial machinery market
      • Inputs
      • Inbound logistics
      • Operations
      • Outbound logistics
      • Marketing and sales
      • Aftermarket and service
      • Industry innovations:
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024
      • Table Global - Market size and forecast 2019 - 2024 ($ million)
      • Table Global - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Global market: Year-over-year growth 2019 - 2024 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2019 & 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market Segmentation by Application
    • Market segments
      • Table Application - Market share 2019-2024 (%)
    • Comparison by Application
      • Table Comparison by Application
    • Industrial - Market size and forecast 2019-2024
      • Table Industrial - Market size and forecast 2019-2024 ($ million)
      • Table Industrial - Market size and forecast 2019-2024 ($ million) exclusive of COVID- 19 effect
      • Table Industrial - Year-over-year growth 2019-2024 (%)
    • Services - Market size and forecast 2019-2024
      • Table Services - Market size and forecast 2019-2024 ($ million)
      • Table Services - Market size and forecast 2019-2024 ($ million) exclusive of COVID- 19 effect
      • Table Services - Year-over-year growth 2019-2024 (%)
    • Market opportunity by Application
      • Table Market opportunity by Application
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 ($ million)
      • Table APAC - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Major regulations related to service robots in APAC
      • Table APAC - Year-over-year growth 2019-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 ($ million)
      • Table Europe - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table Europe - Year-over-year growth 2019-2024 (%)
    • North America - Market size and forecast 2019- 2024
      • Table North America - Market size and forecast 2019-2024 ($ million)
      • Table North America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table North America - Year-over-year growth 2019-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 ($ million)
      • Table MEA - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table MEA - Year-over-year growth 2019-2024 (%)
    • South America - Market size and forecast 2019- 2024
      • Table South America - Market size and forecast 2019-2024 ($ million)
      • Table South America - Market size and forecast 2019-2024 ($ million) exclusive of COVID-19 effect
      • Table South America - Year-over-year growth 2019-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers – Demand led growth
      • Emergence of medical robotics
      • Stringent health and safety regulations
      • Technological advances in robot hardware
        • Table Key areas of development in robot hardware
    • Market challenges
      • Shortage of skilled personnel
      • High cost of deploying robotics
      • Regulatory hurdles
        • Table Country-wise regulations associated with UAVs
        • Table Impact of drivers and challenges
    • Market trends
      • Adoption of innovative business models Robotics as a Service (RaaS)
      • Government initiatives in Europe
      • Improvement in robotic system integration services
        • Table Major improvements in robotic system integration services
  • Vendor Landscape
    • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB Ltd.
      • Table ABB Ltd. – Overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. – Key news
      • Table ABB Ltd. - Key offerings
      • Table ABB Ltd. - Segment focus
    • Clearpath Robotics Inc.
      • Table Clearpath Robotics Inc. – Overview
      • Table Clearpath Robotics Inc. - Product and service
      • Table Clearpath Robotics Inc. – Key news
      • Table Clearpath Robotics Inc. - Key offerings
    • FANUC Corp.
      • Table FANUC Corp. – Overview
      • Table FANUC Corp. - Business segments
      • Table FANUC Corp. – Key news
      • Table FANUC Corp. - Key offerings
      • Table FANUC Corp. - Segment focus
    • Intuitive Surgical Inc.
      • Table Intuitive Surgical Inc. – Overview
      • Table Intuitive Surgical Inc. - Product and service
      • Table Intuitive Surgical Inc. – Key news
      • Table Intuitive Surgical Inc. - Key offerings
    • iRobot Corp.
      • Table iRobot Corp. – Overview
      • Table iRobot Corp. - Business segments
      • Table iRobot Corp. – Key news
      • Table iRobot Corp. - Key offerings
      • Table iRobot Corp. - Segment focus
    • Midea Group Co. Ltd.
      • Table Midea Group Co. Ltd. – Overview
      • Table Midea Group Co. Ltd. - Business segments
      • Table Midea Group Co. Ltd. – Key news
      • Table Midea Group Co. Ltd. - Key offerings
      • Table Midea Group Co. Ltd. - Segment focus
    • Mobile Industrial Robots AS
      • Table Mobile Industrial Robots AS – Overview
      • Table Mobile Industrial Robots AS - Product and service
      • Table Mobile Industrial Robots AS – Key news
      • Table Mobile Industrial Robots AS - Key offerings
    • OMRON Corp.
      • Table OMRON Corp. – Overview
      • Table OMRON Corp. - Business segments
      • Table OMRON Corp. – Key news
      • Table OMRON Corp. - Key offerings
      • Table OMRON Corp. - Segment focus
    • Savioke Inc.
      • Table Savioke Inc. – Overview
      • Table Savioke Inc. - Product and service
      • Table Savioke Inc. – Key news
      • Table Savioke Inc. - Key offerings
    • Yaskawa Electric Corp.
      • Table Yaskawa Electric Corp. – Overview
      • Table Yaskawa Electric Corp. - Business segments
      • Table Yaskawa Electric Corp. – Key news
      • Table Yaskawa Electric Corp. - Key offerings
      • Table Yaskawa Electric Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objective
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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