Robotics and Automation

Demand for automation driven by a higher cost of human labor has led to the growth of the robotics industry. Although companies can find it challenging to justify the cost of robot installation, in the long run, they will see that the cost of operating these robots is far lower compared to human wages. Robots also improve safety and accuracy. And, of course, robots don’t get sick or tired, and they also don’t spread viruses. Indeed, robots have become essential workers in many industries. 

Robotics market valued at 41 billion USD in 2020

The global robotics market is valued at 41 billion USD in 2020, according to Statzon’s aggregated data. This number is expected to grow by 270% in 2026. Furthermore, as demands for robots increase, numerous start-ups are joining the field, further enhancing the market’s growth.

The robotics industry is still relatively young, but it has delivered amazing progress. The promise of more innovative and forward-thinking technology in science fiction that we once dreamed about now seems within reach. While companies and scientists are working toward that dream, here are some of the robots that are currently working, interacting, and sharing space with us. 

statzon robotics market data
statzon robotics market data

Robotics market valued at 41 billion USD in 2020

The global robotics market is valued at 41 billion USD in 2020, according to Statzon’s aggregated data. This number is expected to grow by 270% in 2026. Furthermore, as demands for robots increase, numerous start-ups are joining the field, further enhancing the market’s growth.

The robotics industry is still relatively young, but it has delivered amazing progress. The promise of more innovative and forward-thinking technology in science fiction that we once dreamed about now seems within reach. While companies and scientists are working toward that dream, here are some of the robots that are currently working, interacting, and sharing space with us. 

Browse robotics market insights for free
factory

Industrial Robots

Next Move Strategy Consulting reported that the global market for industrial robots was valued at around 32.2 billion USD in 2021. Factors such as increased demand for automation, high cost of human labor, governmental support, and advancement of R&D will push the market value to grow at a CAGR of 12.1%.

Browse Industrial Robot market insights
precision_manufacturing

Collaborative Robots

Statzon aggregate data estimated the global collaborative robot market value at around 1.2 billion USD in 2021 with a sales volume of 32,200 units. The market is expected to grow in the future with a CAGR of +40%

Browse Collaborative Robot market insights
electric_rickshaw

Mobile Robots

Mobile robots have one of the fastest-growing markets in the robotic industry with a CAGR of 21%, based on a report from Next Move Strategy Consulting. The market value is estimated at around 10 Billion USD in 2020 and is predicted to reach 72.5 billion USD by 2030.

Browse Mobile Robot market insights
local_hospital

Medical Robots

The growing application of robotics in the medical field, coupled with advancements in robotics technology, is expected to drive the growth of the medical robot market. Market Research Future estimated the market size for medical robots to be around USD 10,7 billion in 2021.

Browse Medical Robot market insights

Robotics market guide: The ultimate guide to the ever-evolving robotics market

Statzon's Handbook of Robotics is your ultimate guide to understanding the ever-evolving robotics market and its impact on various industries worldwide. Robotics has been one of the fastest-growing industries in recent years, transforming how we live and work. From manufacturing and healthcare to agriculture and retail, robots are changing the face of businesses and revolutionizing how we approach various tasks. With so much potential and opportunity, staying up to date with the latest trends and insights in the global robot market is essential.

 

This handbook provides a comprehensive market overview, including key players, emerging technologies, and prospects. 

Download the free handbook trending_flat
Robots everywhere cover (1)

Robotics market guide: The ultimate guide to the ever-evolving robotics market

Robots everywhere cover (1)

Statzon's Handbook of Robotics is your ultimate guide to understanding the ever-evolving robotics market and its impact on various industries worldwide. Robotics has been one of the fastest-growing industries in recent years, transforming how we live and work. From manufacturing and healthcare to agriculture and retail, robots are changing the face of businesses and revolutionizing how we approach various tasks. With so much potential and opportunity, staying up to date with the latest trends and insights in the global robot market is essential.

 

This handbook provides a comprehensive market overview, including key players, emerging technologies, and prospects. 

Download the free handbook trending_flat

Ready to get started?

Start with a free account and access thousands of free global and regional statistics

Pricing

With the paid subscriptions, you can get access to country-level data and +3M datasets, market research reports, company profiles, and news

Subscription plans