Robotics Technology Market Size

Robotics Technology Market size was over USD 96.04 billion in 2024 and is projected to reach USD 584.27 billion by 2037, witnessing around 14.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive 48V system is assessed at USD 107.49 billion.

The robotics technology market expansion is attributed to the rising adoption of automation across various industries. Companies across different sectors increasingly seek automation to relieve employees of monotonous tasks. By delegating these tasks to software, businesses can enhance customer satisfaction, reduce error rates, ensure compliance, and alleviate team stress. According to a 2020 report by the World Economic Forum, over 50% of employers anticipate accelerating the automation of some tasks in their organizations, and over 80% of company executives are speeding up plans to implement new technology and digitize work processes.

Advancements in artificial intelligence (AI), machine learning (MI), and sensors are driving the development and deployment of more sophisticated robotics systems. Moreover, businesses are increasingly investing in robotics to automate tasks that were formerly performed by humans. This shift helps companies reduce operational costs, increase efficiency, and maintain competitiveness. Also robotics can address labor shortages and perform tasks that are unsafe or unfavorable for human workers, further accelerating their adoption.