Robotics Technology Market Share

APAC Market Statistics

Asia Pacific industry is anticipated to dominate majority revenue share of 36% by 2037. The market growth in the region can be accredited to the growing investments in automation of various industries to improve productivity and efficacy in manufacturing plants and factories. According to the International Monetary Fund, Asia leads the globe in automation, accounting for 65% of industrial robot usage globally in 2017. Furthermore, various approaches are being adopted by market players, which is contributing to the expansion of the robotics technology market in Asia-Pacific.

In China, the adoption of manufacturing robots has been given top priority by the government, which is supporting it with substantial subsidies. According to the Organization for Research on China and Asia, Dongguan (a city in China) has launched 4,653 machine-for-human projects since 2014, attracting investments totaling 8.2 billion USD by 2023. Additionally, the city's annual fund of USD 28.07 million is dedicated to supporting industrial automation, with manufacturing firms eligible for a reimbursement of 10-15 percent of their expenses for new equipment.

The growing utilization of robots in the automotive sector in India is stimulating the robotics technology market. According to the International Federation of Robotics, in the automotive sector, India's robot density-defined as the number of industrial robots per 10,000 workers-reached 148 in 2021. 

The integration of AI, cloud technology, and advanced manufacturing processes is propelling the growth of the robotics technology market in South Korea. This innovation is driving the modernization of manufacturing practices, making them more productive and raising the standards of intelligent production.

Europe Market Analysis

The robotics technology market in Europe is expected to experience significant growth. This is due to the rising demand for educational, industrial, interactive, and service robots during the forecast period. Also, the introduction of 5G technology is expected to transform the robotics sector by enabling quicker and more reliable communication. For instance, 5G is used by 10% of all mobile connections in Europe. This will allow for real-time data sharing, boosting robot capabilities, particularly in applications that need low latency.

The UK government is increasingly investing in robotics and AI to maintain its position as a world leader and foster economic expansion. For instance, in 2023 the UK government announced that USD 13.95 million in government financing was distributed to nineteen innovative initiatives advancing automation and robotic technologies to increase productivity, food security, and sustainable farming methods.

Collaborative robots, or co-bots, have experienced an upsurge in demand in Germany's robotics technology market. These robots are made to collaborate with people, enhancing productivity and security in production procedures. The creation of AI-powered robots, which have machine learning skills to adjust and enhance their performance over time, is another trend accelerating the market growth.