Mordor Intelligence has published a new report on the Industrial Robotics Market, offering a comprehensive analysis of trends, growth drivers, and future projections.
The industrial robotics market, valued at USD 42.59 billion in 2024, is forecasted to grow to USD 79.87 billion by 2029, registering a compound annual growth rate (CAGR) of 13.4%, according to Mordor Intelligence. Rising demand for automation across automotive, electronics, and food processing industries is propelling this growth. Robotics is becoming a cornerstone of modern manufacturing, enabling high efficiency, precision, and enhanced workplace safety. With the advent of Industry 4.0 and increasing adoption of collaborative robots, the industrial robotics market is on a transformative path.
Key Trends
1. Expanding Role of Robotics in the Automotive Sector
The automotive industry has been a leading adopter of robotics, integrating robots into assembly lines to enhance production quality and throughput. Robotics applications in automotive manufacturing extend beyond assembly, with growing utilization in welding, painting, and quality inspection. Collaborative robots (cobots), which work alongside human workers, are becoming increasingly prominent. Automakers are using cobots to achieve flexible production environments, allowing quick adaptation to new manufacturing needs. This sector’s investment in robotics is anticipated to remain strong, supported by the surge in electric vehicle (EV) production globally.
2. Surge in Demand for Automation in Electronics Manufacturing
The electronics sector is seeing rapid growth in robotics adoption, especially in Asia-Pacific, where countries like China, Japan, and South Korea lead in electronics manufacturing. Precision and flexibility offered by industrial robots make them indispensable in assembling delicate components such as semiconductors, circuit boards, and small-scale electronics. The demand for high-quality electronics products and complex component assembly is driving the need for robotics solutions that ensure repeatability and minimize errors. This trend aligns with rising consumer demand for smart devices and IoT-connected appliances.
3. Integration of Advanced Technologies in Industrial Robots
The integration of advanced technologies, such as artificial intelligence (AI), machine learning, and Internet of Things (IoT), is enhancing the functionality and adaptability of industrial robots. AI-enabled robots can optimize operations through predictive analytics and adaptive learning, which is particularly beneficial in logistics and supply chain operations. IoT connectivity allows robots to operate in a synchronized manner, offering real-time monitoring and operational insights. The combination of robotics with these emerging technologies supports Industry 4.0 objectives, providing manufacturers with data-driven insights to streamline processes and reduce downtime.
4. Growing Adoption of Collaborative Robots (Cobots)
Collaborative robots, or cobots, are designed to work alongside human workers, enhancing flexibility and safety within manufacturing facilities. Cobots are gaining traction across small and medium enterprises (SMEs) due to their relatively low cost, ease of integration, and ability to boost productivity without replacing human labor. This is particularly relevant in regions with labor shortages or where repetitive tasks can be automated to reduce the physical strain on workers. Cobots are being adopted across sectors such as food and beverage, pharmaceuticals, and consumer goods, where tasks require both precision and human oversight.
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Market Segmentation
The industrial robotics market is segmented by type, end-user industry, and geography.
By Type of Robot:
- Articulated Robots: Most commonly used for complex tasks such as assembly and welding.
- Linear Robots: Often employed for pick-and-place operations.
- Cylindrical Robots: Widely used in materials handling.
- Parallel Robots: Utilized for high-speed operations such as packaging.
- SCARA Robots: Known for high precision, primarily used in electronics assembly.
By End-User Industry:
- Automotive: High adoption for assembly, welding, and painting tasks.
- Electronics: Demand for precision tasks in semiconductor and component assembly.
- Food and Beverage: Utilized in packaging, sorting, and quality control.
- Pharmaceuticals: Growing demand for laboratory automation and packaging.
- Others: Includes applications in logistics, consumer goods, and metals.
By Geography:
- North America: Leading region driven by advancements in manufacturing and government initiatives supporting automation.
- Asia-Pacific: Fastest-growing market, especially in China, Japan, and South Korea.
- Europe: Significant market with high demand in automotive and industrial automation.
- Rest of the World: Emerging markets with increasing investments in automation.
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Key Players
Prominent players in the industrial robotics market include ABB Ltd., FANUC Corporation, Yaskawa Electric Corporation, KUKA AG, and Mitsubishi Electric Corporation. These companies are at the forefront of robotic innovation, investing in R&D to develop advanced solutions tailored to various industry needs. For example, ABB Ltd. has a strong portfolio in collaborative robotics, which is extensively used in automotive and electronics manufacturing. FANUC, a global leader in automation, offers solutions that integrate seamlessly with IoT-enabled systems, providing real-time monitoring and predictive maintenance capabilities.
KUKA AG and Yaskawa Electric focus on high-precision robots for industrial applications, and both companies have expanded their presence in Asia-Pacific, leveraging the region’s demand for automated manufacturing. Mitsubishi Electric, a pioneer in factory automation, provides scalable robotic solutions that cater to small and large manufacturing plants alike. These companies continue to drive innovation, creating solutions that are cost-effective and adaptable to evolving industry demands.
Conclusion
The industrial robotics market is on a growth trajectory fueled by the rising need for automation across key sectors such as automotive, electronics, and pharmaceuticals. As Industry 4.0 gains momentum, robots integrated with AI and IoT are transforming the manufacturing landscape, enhancing productivity, and enabling data-driven decision-making. Asia-Pacific, with its strong manufacturing base and government support for robotics, leads in adoption, while North America and Europe continue to advance with high-tech automation. With continuous technological advancements and the increasing appeal of collaborative robots, the industrial robotics market is set to play a pivotal role in the future of smart manufacturing.
Industry Related Reports
Asia-Pacific Industrial Robots Market: The market is segmented by product category, including articulated, SCARA, cartesian/linear/gantry, parallel/delta, and other product categories such as cylindrical and spherical. It is further segmented by end-user vertical, covering automotive, electronics/electrical, plastic and chemical, metal and machinery, food, beverages, and tobacco, other manufacturing verticals, and other non-manufacturing verticals. The market is also segmented by country, including China, India, Korea, Australia and New Zealand, Japan, Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the rest of Asia-Pacific.
Robotics Market: The Market is Segmented by Type (Industrial, Service), End-User (End-Users of Industrial Robots (Automotive, Food & Beverage, Electronics, Other End-Users of Industrial Robots), End-Users of Service Robots (Logistics, Military and Defense, Medical and Healthcare, Other End-Users of Service Robots), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa).
Warehouse Robotics Market: The market is segmented by type, including industrial robots, sortation systems, conveyors, palletizers, automatic storage and retrieval systems, and mobile robots. It is further segmented by function, covering storage, packaging, transshipment, and other functions, as well as by end-user industry, including food and beverage, automotive, retail, electrical and electronics, pharmaceutical, and other industries. The market is also segmented by geography, encompassing North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
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