Robotics Technology Market Analysis

Robot Type (Traditional Industrial Robots, Cobots, Professional Service Robots)

The traditional industrial robots segment is poised to capture 54.3% robotics technology market share by 2037. The segment growth can be attributed to the growing adoption of traditional industrial robots due to their ability to increase efficiency, accuracy, and safety. According to the European Commission report in 2022, the number of new industrial robots installed in companies worldwide reached an all-time high of 517,385 in 2021, up 31% from the previous year. The use of various forms of production control techniques, as well as automation solutions, is an important component of contemporary production improvement strategies. Furthermore, as industrial robots gain popularity, they are finding applications in a wide range of industries, including manufacturing and healthcare.

Application (Manufacturing, Healthcare, Aerospace & Defense, Media & Entertainment, Logistics)

The healthcare segment in the robotics technology market is set to garner a notable share in the forecast period. The increasing use of robots to aid surgeons in performing minimally invasive procedures is driving market expansion. Robotic surgical systems like the da Vinci system enable surgeons to perform delicate procedures with improved accuracy and reduced patient recovery times. According to the National Institutes of Health, over the last three years, there has been a 400% increase in the number of civilian hospitals running five or more da Vinci systems on a single site. Furthermore, by helping with sample processing and sorting, robotics in healthcare helps automate laboratory procedures, leading to improved efficiency and reduced errors. Similarly, telemedicine robots improve accessibility to healthcare services by enabling remote patient monitoring and consultation.

Our in-depth analysis of the robotics technology market includes the following segments: