Cognitive Robotics Market Size

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

Cognitive Robotics Market Size

Cognitive Robotics Market size was valued at USD 6 billion in 2024 and is anticipated to reach USD 19 billion by the end of 2037, rising at a CAGR of 10% during the forecast period, i.e., 2025-2037. In 2025, the industry size of cognitive robotics is assessed at USD 6.6 billion. 

The demand for cognitive robotics is rising at a rapid pace as several industries are adopting AI-powered mechanisms for increasing automation, decreasing labor costs, and embracing efficiency in all fields. These robots combine the power of artificial intelligence, machine learning, and sensor integration to realize decision-making and adaptability in changing environments. Advancement in recent times has ensured their use right from health care and logistics to automotive and defense. For example, in June 2024, Thales launched OpenDrobotics, which is an open-source platform that accelerates global collaboration in cognitive robotics. The market is projected to expand as businesses integrate intelligent automation into their workflows.

Strategic funding and policy frameworks by governments across the world are key in propelling the cognitive robotics market growth. In March 2024, Dubai launched the RDI Grant Initiative to support advancements in the areas of AI, robotics, and life sciences. It also ignited startups and research organizations to address major challenges in automation. Such areas of focus align with the global drive to use robotics for solving the labor scarcity problem, ensuring productivity, and sustainability. While innovation and collaboration-driven initiatives drive the cognitive robotics market, the emergence of cobots is redefining automation and making it affordable, even for small and medium-scale enterprises.  


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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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