Cognitive Robotics Market Share

  • Report ID: 6721
  • Published Date: Nov 20, 2024
  • Report Format: PDF, PPT

Cognitive Robotics Market Share

North America Market Analysis

North America cognitive robotics market is expected to hold revenue share of more than 44% by 2037, owing to strong R&D investments and early adoption of advanced technologies. Industries in this region, like healthcare, manufacturing, and defense, are looking to boost the adoption of automation to achieve efficiency and lower operation costs. This is constantly being reinforced by government funding and further venture capital investment, making the region a hotbed of innovation in robotics. North America leading position is consolidated with the growing emphasis on integrating AI with robotics to enable learning, decision making, and problem-solving capabilities.

Innovation-driven applications of cognitive robotics in defense, healthcare, and logistics sectors place the U.S. as a leading cognitive robotics market in North America. A notable milestone occurred in November 2023 when CynLr launched Cybernetics Hive, a cutting-edge research facility dedicated to advancing vision intelligence and robotics. This hub is set to drive breakthroughs in robotic manipulation and object recognition, paving the way for more adaptable and intelligent systems across logistics, automotive, and retail industries. Complementing these developments, government initiatives continue to promote the integration of AI and robotics, creating a fertile environment for growth.

Canada is also emerging as a lucrative market for cognitive robotics due to favorable government policy supporting AI and Automation. Collaboration of universities with private firms has led to advancements in areas like healthcare and manufacturing robotics. Examples include surgical robots and patient-assistive devices that are now coming into healthcare. This is further supported by government funding for R&D projects, along with other tax incentives, which act as a key driver to attract investment. With the focus of Canada being on sustainability and automation, it aligns with global trends, hence enabling the country to carve a niche in robotics tailored toward its economic sectors.

Asia Pacific Market Analysis

Asia Pacific cognitive robotics market is anticipated to observe growth of around 8.8% between 2025 and 2037, owing to rapid industrialization and growing adoption of automation. In addition, industries are bound to invest in expensive robotics with rising labor costs and aging populations, especially in Japan and China. Many regional governments are actively promoting AI and robotics under key economic strategies, hence issuing grants and subsidies to spur the development of this industry. A large manufacturing base in countries like India and South Korea supports the large-scale adoption of cognitive robotics.

China is one of the largest cognitive robotics market in Asia Pacific due to its aggressive government funding and large-scale industrial adoption. The strategic focus of the country on robotics and AI technologies for self-reliance also aligns with the Made in China 2025 initiative of the country, emphasizing advanced manufacturing. In April 2024, Horizon Robotics launched SuperDrive, which is an autonomous system and cognitive technology breakthrough. These innovations underpin the country's commitment to infusing state-of-the-art solutions into industries such as automotive and smart logistics. Furthermore, the rise of robotics in emerging segments like e-commerce logistics and smart cities drives growth in China. 

The cognitive robotics market is gaining momentum in India, majorly due to industrial automation and adoption in the healthcare industry. In February 2024, OMRON Automation launched the TM S Series Collaborative Robots in its robotics portfolio for the first time in India. Such developments support the focus of India to enhance productivity and ensure workplace safety by way of advanced robotics. Furthermore, initiatives such as Make in India and Digital India further boost growth momentum, attracting foreign investments and encouraging local manufacturing capabilities. With supportive government policies coupled with an increasing academic and industrial collaboration ecosystem, India is well on its way to becoming a key player in cognitive robotics.

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Cognitive Robotics Market Share
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Author Credits:  Richa Gupta


  • Report ID: 6721
  • Published Date: Nov 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The cognitive robotics market size is USD 6 billion in 2024.

The global cognitive robotics market size is valued at US 6 billion in 2024 and is anticipated to surpass USD 19 billion by the end of 2037, rising at a CAGR of 10% over the forecast period, i.e., 2025-2037.

Key players in the market include IBM Corporation, Intel Corporation, Omron Adept Technologies, Nvidia Corporation, ABB Ltd., CognitiveScale Inc., Kuka AG, Blue River Technology, Hanson Robotics Limited, and Microsoft Corporation, among others.

The automotive segment is projected to hold a leading share during the forecast period.

North America is anticipated to dominate the industry with a share of 44% during the forecast period.
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