Robotics

• The global industrial robotics market is expected to grow from $44.6 billion in 2020 to $73 billion in the next five years, with increasing FDA approval and patent activity.
• Interact Analysis has produced a new report on the mobile robot market, forecasting that revenues will grow by nearly a quarter in 2020, despite the chaos being felt around the world due to the COVID-19 pandemic.
• The International Federation of Robots anticipates interest for robots and cobots to develop by ten percent in 2020.
• Surgical Robots Market is expected to reach a value of ~ US$ 13.1 Bn by 2027, manufacturers are collaborating with technologists to improve the efficacy of robots that contribute toward better patient outcomes.
• The global Agricultural Milking Robots market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of in the forecast period of 2020 to 2025 and will expected to reach USD by 2025, from USD in in 2019.
• The robotics industry market is expected to register a CAGR of 13.5% during the forecast period (2020-2025).
• A recent report from the International Federation of Robotics noted that there will be an operational stock of almost 4 million industrial robots in factories globally by 2022 and predicted high demand for robotics skills as part of the post-pandemic recovery process.
• Overall, robotics is expected to rise from a $15 B industry sector now to $67 B by 2025.
• The market for humanoid robots will be valued at $3.9 Billion in 2023, growing at a staggering 52.1% compound annual growth rate between 2017 and 2023.
• The global market for agricultural robotics will experience a compound annual growth rate of 34.5%, growing from $4.6 billion in 2020 to $20.3 billion by 20205.
• Parallel Robots Market is expected to grow with a steady CAGR in the forecast period of 2019-2026.
• The global aerospace robotics market is expected to reach $5,687 million by 2022, growing at a CAGR of 17.2% from 2016 to 2022.
• We predict that the number of units of professional service robots sold in 2020 will surpass industrial robot arms for the first time ever, growing by 30% over 2019 compared to industrial robots growing by only 10%.
• Asia-Pacific is expected to have the highest CAGR value for safety, security, and rescue robotics market in the forecast period, 2020-2025.
• The global humanoid robot market is estimated to grow at a CAGR of 36.4% during the forecast period from 2019 to 2026.
• Up to 20% of significant health industry organizations in China intend to adopt intelligent nursing technology, and 17% will adopt medical robots in the next three years.
• The high cost of surgical robots has been a barrier, but the global market for surgical robots is experiencing a compound annual growth rate of 10.4%, from $3.9 billion in 2018 to $6.5 billion by 2023.
• The global market for smart robots will surpass $16 billion by 2025, and the market for AI in healthcare alone will exceed $6 billion by next year.
• Technological advancements and increasing applications in medical devices sectors would provide growth opportunities to the robotics prosthetics industry during the forecast period 2020-2029.
• The logistics robot market is expected to grow with an 18% compound annual growth rate, which equates to roughly 485,000 logistics robots expected to be sold in total from 2019 to 2021.
• The Plastic and Chemical Robotics Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2020-2025).
• The worldwide market for Surgical Robots is expected to grow at a CAGR of roughly 20.1% over the next five years, will reach USD 2980 million in 2024, from USD 1190 million in 2019.

Last updated: 04 October 2020