Smart Robots Market Size

Smart Robots Market size was USD 19.9 billion in 2024 and is estimated to reach USD 834 billion by the end of 2037, expanding at a CAGR of 33.3% during the forecast period, i.e., 2025-2037. In 2025, the industry size of the smart robots is estimated at USD 26.5 billion.

Smart robots play a pivotal role in advanced manufacturing and logistics by replacing rudimentary tasks. Advances in artificial intelligence and robotics continue to drive process automation in the industry, and nowhere is this more evident in the modern supply chain. By its very nature, logistics is a dynamic space with many moving parts. Present-day logistics businesses constantly seek ways to gain their competitive edge through workflow optimization As AI and robots begin to converge, companies are adopting smart robots to streamline complex workflows and create more value for customers.

In 2022, industrial robots emerged as the 2678th out of 5,606 most globally traded products, with the key exporters being Japan (USD 117 million), China (USD 115 million), Mexico (USD 99.6 million), Poland (USD 63.9 million), and Canada (USD 53.4 million). In the same year, the top industrial robot importers were the U.S. (USD 256 million), China (USD 56.3 million), Mexico (USD 27.9 million), Vietnam (USD 26.3 million), and Germany (USD 25 million). Driven by the rapid installation of industrial robots, in 2022 the world hit a record-breaking 3.9 million operational robots. As per an International Federation of Robotics report, the top countries measured by robot density comprise the Republic of Korea with 1,012 robots per 10,000 employees, Singapore with 730 units, and Germany with 415 units.

Global multinational companies have persistently selected the U.S. as a key destination for manufacturing and reshoring activities, and in 2019 the foreign direct investment (FDI) in the U.S. within the manufacturing sector represented 40.1% of the overall FDI in the country. Innovation in the manufacturing segment is key to global industry competitiveness and banking on this opportunity more and more key players are accelerating their automation capabilities to consolidate market share. In March 2024, NVIDIA and Teradyne Robotics collaborated to develop collaborative robots (cobot) and autonomous mobile robots using NVIDIA Jetson AGX Orin for edge AI applications, including NVIDIA’s cuMotion path, UR's PolyScope X software, and UR5e cobot platforms.