Robotics, in collaboration with artificial intelligence, aids humans in performing tasks easily and efficiently, driving the industry's growth over the coming years. With the advent of Industry 4.0, the demand for robotics across industries has increased significantly. Advanced robots, including collaborative, humanoid, service, and space robots, are experiencing high demand across the applications sectors to increase efficiency and productivity. Besides, the penetration of artificial intelligence in robotics has gained popularity with technical advancements and the evolution of the fourth industrial revolution, further advancing the use of robotics in various verticals.
With continuous innovation in the robotics & automation industry, technology providers are increasingly focusing on developing new use cases across different industry verticals. While developed economies across North America and Europe continue to offer growth opportunities; it is the industrial, manufacturing, and service robots sector in the Asia-Pacific region creating huge revenue pockets for industry players across the robotics and automation industry ecosystem.
Meticulous Research® has been at the forefront of tracking different use cases of robotics and automation technologies and enabling global players to direct their innovation and product enhancement activities towards achieving stable revenue growth in this high growth market environment.
Deployment of IIoT technologies and rising adoption of industrial robots in the manufacturing sector
Widening applications of collaborative robots across all industries
Increasing automation across the automotive and electronics sectors
Growing focus on reducing human labor across industries
Industry focus on building safe and digitized production processes
The Electronic Design Automation Market is expected to reach $17.47 billion by 2030, at a CAGR of 10.7% during the forecast period 2023–2030. The growth of this market is driven by the growing need to reduce the complexity of integrated circuit designing, the ...
The Surgical Robots Market is projected to reach $25.47 billion by 2030, at a CAGR of 15.4% from 2023 to 2030. Surgical robots or robot-assisted surgery systems allow doctors to perform complex surgical procedures with more flexibility, precision, and control than ...
The Manufacturing Execution Systems Market is projected to reach $ 17.83 billion by 2030, at a CAGR of 7.7% from 2023 to 2030. The growth of this market is attributed to the growing complexity of manufacturing operations, the rising adoption of industrial automation ...
The Industrial Asset Management Market is projected to reach $14.4 billion by 2029, at a CAGR of 12.2% from 2022 to 2029. The growth of this market is driven by the benefits of cloud-based industrial asset management solutions and the rising need for the real-time ...
The MRO Market for the Manufacturing Industry is projected to reach $49.65 billion by 2030, at a CAGR of 7.8% from 2023 to 2030. The growth of this market is driven by the proliferation of digital transformation in MRO processes and the growing need to reduce maintenance ...
The Liquid Handling Systems Market is projected to reach $6.99 billion by 2029, at a CAGR of 6.4% from 2022 to 2029. Liquid handling systems include a class of devices used in the various liquid handling tasks in laboratories. Liquid handling is the process of ...
The Robotic Vision Market is expected to reach $5.2 billion by 2029, at a CAGR of 11% during the forecast period of 2022–2029. The growth of this market is mainly driven by factors such as the increasing adoption of 3D vision systems in industrial robotics, the ...
The Machine Control System Market is expected to reach $6.4 billion by 2029, at a CAGR of 4.8% during the forecast period 2022–2029. Rising concerns related to worker safety and the accuracy & precision of heavy machinery drive the growth of this market. In ...
The RFID Market is expected to reach $32.4 billion by 2029, at a CAGR of 10.8% during the forecast period of 2022–2029. Rising demand for cost-effective RFID solutions, increasing need to eliminate manual data capture and entry errors, and increasing government ...
The Robotic Welding Market is expected to reach $6.77 billion by 2029, at a CAGR of 6.2% during the forecast period of 2022–2029. By volume, this market is expected to reach 163.3 thousand units by 2029, at a CAGR of 11.2% from 2022 to 2029. The growth of this ...
The Packaging Automation Market is expected to reach $106.33 billion, at a CAGR of 8.6% during the forecast period 2022–2029. The growth of this market is attributed to the surge in need for enhancing productivity, industrialization, and manufacturing activities ...
The Industrial Robotics Market is expected to reach $32.7 billion by 2029, at a CAGR of 6.2% from 2022 to 2029. By volume, this market is expected to grow at a CAGR of 11.2% from 2022 to 2029 to reach 950.1 thousand units by 2029. The growth of the industrial ...
The Industrial Automation Software Market is expected to reach a value of $59.5 billion by 2029, at a CAGR of 7.4% during the forecast period 2022–2029. An increase in demand for automation for qualitative & reliable manufacturing, the growing need for mass production ...
The Industrial Automation Sensors Market is projected to reach $22.59 billion by 2029 at a CAGR of 9.6% from 2022 to 2029. The growth of this market is attributed to the rising adoption of industry 4.0 and IIoT in manufacturing, the surging demand for smart sensor-enabled ...
The Pharmaceutical Automation Market is projected to reach $18.2 billion by 2029 at a CAGR of 12% from 2022 to 2029. The growth of this market is attributed to the increasing adoption of robots in pharmaceutical manufacturing, government initiatives to promote ...
The Smart Manufacturing Market is expected to reach $446.24 billion by 2029, at a CAGR of 21.5% during the forecast period of 2022–2029. The growth of the smart manufacturing market is attributed to factors such as the increasing number of government initiatives ...
The Delivery Drones Market is expected to reach a value of $1.29 billion by 2028, at a CAGR of 40% during the forecast period of 2021–2028. The increasing demand for faster delivery, technological advancements in drones, and the growing need to reduce carbon ...
The Industrial Automation Spares Market is expected to reach a value of $16.54 billion by 2029, at a CAGR of 5.7% during the forecast period 2022–2029. The growth of the industrial automation spare part components markets is attributed to the rising investments ...
The Disinfection Robots Market is expected to grow at a CAGR of 30.1% from 2021 to 2028 to reach $2.79 billion by 2028. Disinfection is the process of eliminating disease-causing microorganisms and viruses from the desired environment. Disinfection robots are ...
The Industrial X-ray Inspection System Market is expected to reach a value of $1.03 billion by 2028, at a CAGR of 10.3% during the forecast period 2021–2028. Stringent government regulations regarding the safety of assets, increasing consumer awareness regarding ...
The Automatic Identification and Data Capture (AIDC) Market is expected to grow at a CAGR of 11% from 2021 to reach $115.8 billion by 2028. In terms of volume, the global AIDC market is expected to reach 819.6 million units by 2028 growing with a CAGR of 12.2% ...
The Automated Material Handling Systems (AMHS) Market is expected to reach $57.6 billion, at a CAGR of 6.6% during the forecast period (2021-2028). The rising adoption of cutting-edge automated material handling equipment, increasing need for high-efficiency systems, ...
The Healthcare Automatic Identification and Data Capture (AIDC) Market is expected to reach $25.91 billion by 2028, at a CAGR of 22.5% during the forecast period of 2021 to 2028. In terms of volume, the global healthcare AIDC market is expected to reach 269,949,446 ...
The supervisory control and data acquisition (SCADA) market is expected to grow at a CAGR of 14.7% from 2021 to 2028 to reach $57.2 billion by 2028 from an estimated $21.9 billion in 2021. The increasing demand for automated industrial control solutions and growing ...
