Global Robotics Market (Industrial and Service Robotics) and Volume, Impact of COVID-19, Key Players Analysis - Forecast to 2025
The Global Robotics Market was valued at around US$ 31 Billion in 2020 and the market is expected to register a double digit CAGR over the forecast period of 2021 - 2025. The adoption of robots across a wide range of industries including manufacturing, healthcare, defense and security, logistics, inspection and maintenance, automotive, electronics, and food and beverage has accelerated the growth of the market. The market for robotics is anticipated to grow exponentially during the forecast period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety. Robots deliver better quality products and services more efficiently, with less wastage and without causing physical damage to humans due to their autonomous nature. The increasing use of robotics will boost the growth of the market in the coming future. However, the high initial investment and concern for human safety restricts the growth of the market.
Impact of COVID-19 on Robotics Market
The COVID-19 outbreak has become a global stress test. As the number of people infected with the virus continues to rise around the world, uncertainties about global economic growth increases. The COVID-19 disease has infected more than 176 Million people worldwide. Globally the death toll has surpassed 3,803,257, according to the latest statistics from the Worldometers (as of June 12, 2021). The number is still growing, and the duration of the pandemic is still difficult to predict. The novel coronavirus has increased interest in robots, drones, and artificial intelligence.
The COVID-19 global pandemic has two effects on the robotics industry. First, it drives the growth of professional service robots, which can help augment critical infrastructure staff and alleviate supply chain stresses. On the other hand, the market for industrial robots is hampered due to their reliance on the automotive and electrical/electronic industries. The markets for most types of service robots seems hardly affected by the COVID-19 pandemic. Robotic solutions support social distancing, are not sent to quarantine and are not affected by travel bans. These technologies can help deal with massive staffing shortages in healthcare, manufacturing, and supply chains; the need for “social distancing;” and diagnosis and treatment. Following a slowdown in global demand of industrial robots due to the COVID-19 pandemic, it is expected that the major industrial robot vendors will start receiving orders from 2021 onwards.
Industrial Robotics Market - Overview
The global industrial robotics market was valued at around US$ 10.6 Billion in 2020. The market for industrial robots is hampered due to their reliance on the automotive and electrical/electronic industries, which was affected the most due to COVID-19 pandemic. Customers from both the automotive industry and general industry held back on orders and postponed their planned investments for robots and support services. However, the demand for industrial robotics is anticipated to grow exponentially during the forecast period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety. The adoption of automation to ensure quality production and meet market demand, and the growing demand from small- and medium-scale enterprises in developing countries is fueling the growth of industrial robotics market globally.
Industrial Robotics Market - Segment Analysis
On the basis of segment, the automotive industry accounted for highest share of the industrial robotics market. Around 28% of all industrial robot installations take place in the automotive industry. The market for industrial robotics in the electrical and electronics industry is probably the one most affected by the China-US trade crisis as Asian countries (e.g., China, Japan, Republic of Korea) are leaders in manufacturing electronic products and components. Metal industry has been seeing an accelerated growth of industrial robotics adoption in recent years. Both unit shipment and the sales revenue are expected to enjoy handsome growth over the forecast period. Chemical, rubber and plastics industry is the fourth largest market for industrial robotics market, while food industry accounted for least share of the global industrial robotics market.
Industrial Robotics Market - Regional Analysis
In terms of geographical regions, Asia/Australia is the world's strongest growth market for industrial robots. This region accounted for around 67% share of the industrial robotics market in 2020. The main drivers for this growth are the demand for industrial robots from small- and medium-scale enterprises in China, Japan, South Korea, and India. Since 2013 China has been the biggest robot market in the world with a continued dynamic growth. The five major markets including China, Japan, the United States, the Republic of Korea, and Germany accounts for around 74% of the total robotics sales volume in 2020. Europe is the second leading region for industrial robotics market, followed by the Americas.
Global Service Robotics Market - Overview
The global service robotics market was valued US$ 20.4 Billion in 2020 and is expected to show significant growth during the forecast period. Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors. Professional service robots are employed in various industries including medical, defense, agriculture, logistics, inspection and maintenance, rescue and security, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment and leisure purpose. The service robotics market is driven by an upsurge in its adoption owing to high labor cost, lack of skilled workforce, increasing research and development investments, growing awareness regarding the benefits of service robots, and increased demand for automation among professional and personal sectors. The high initial investment and concern for human safety restricts the growth of the market.
Global Professional Service Robotics Market and Volume Forecast - By Segment
The medical applications accounted for maximum share of the global professional service robotics market, followed by logistic segment. Medical application employs service robots for a wide range of applications such as surgery, diagnostics, physical and mental therapy, and prosthetics among others. The use of service robots in logistic industry is anticipated to show substantial growth. The growing e-commerce industry is the primary growth driver for this market. Defence robotics captured third highest share of the professional service robotics market in 2020, followed by Agriculture robots or Agribots. The implementation of robotics in agriculture is expected to bring out transformational result in coming years.
In volume terms, the logistic robots accounted for maximum share of the overall professional service robotics volume. Public Relation Robots form the second largest category of professional service robots by unit sales. The new social distancing paradigm and COVID-19 related travel restrictions provide excellent growth opportunities for these applications. The medical robots accounted for around 5% share of the professional service robotics volume in 2020, due to expensive nature of these devices.
Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment
Household robots accounted for maximum share of the personal and domestic service robotics market both in value and volume terms. This segment is likely to lead the personal and domestic service robotics volume throughout the forecast period. The household robotics market consists of a wide variety of products focused on single tasks, such as floor care, lawn care, and pool care. While, entertainment and leisure robots are aimed at youth in the hopes of boosting their interest in robotics and other technical fields.
This is the 5th edition report on Robotics Market by iGATE RESEARCH. The report titled “Global Robotics Market (Industrial and Service Robotics) and Volume, Impact of COVID-19, Key Players Analysis - Forecast to 2025” provides a comprehensive assessment of the fast-evolving, high-growth Global Robotics Industry.
This 232 Page report with 123 Figures and 18 Tables has been analyzed from 11 viewpoints:
1. Global Robotics Market and Volume Forecast (2009 - 2025)
2. Impact of Coronavirus (COVID-19) Pandemic on Robotics Market
3. Global Robotics Market, Volume, Share and Forecast (2009 - 2025)
4. Global Industrial Robotics Market and Volume Forecast (2009 - 2025)
5. Global Industrial Robotics Market and Volume Forecast - By Segment (2009 - 2025)
6. Industrial Robotics Volume and Forecast - Region and Country Wise Distribution (2010 - 2025)
7. Global Service Robotics Market and Volume Forecast (2009 - 2025)
8. Global Professional Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)
9. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)
10. Key Player - Sales and SWOT Analysis (2010 - 2025)
11. Global Robotics Market - Growth Drivers and Challenges
Global Robotics Market and Volume Forecast - By Type
1. Industrial Robotics
2. Service Robotics
Global Industrial Robotics Market and Volume Forecast - By Segment
1. Automotive Industry
2. Electrical/Electronics Industry
3. Metal Industry
4. Chemical, Rubber and Plastics Industry
5. Food Industry
6. Others Industry
7. Unspecified Industry
Industrial Robotics Volume and Forecast - Region and Country Wise Distribution
1. Americas
• United States
• Canada
• Brazil
• Mexico
• Rest of South America
2. Asia/Australia
• China
• India
• Japan
• Republic of Korea
• Taiwan
• Thailand
• Vietnam
• Other Asia/Australia
3. Europe
• Central/Eastern Europe
• France
• Germany
• Italy
• Spain
• United Kingdom
• Other Europe
4. Africa
5. Rest of the World (ROW)
Global Service Robotics Market and Volume Forecast - By Type
1. Professional Service Robotics
2. Personal and Domestic Service Robotics
Global Professional Service Robotics Market and Volume Forecast - By Segment
1. Defence
2. Agriculture/Field
3. Logistic
4. Medical
5. Exoskeletons
6. Public Relations Robots
7. Construction
8. Mobile Platforms
9. Inspection and Maintenance
10. Underwater
11. Rescue and Security
12. Cleaning
13. Others
Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment
1. Household Robotics
2. Entertainment and Leisure Robotics
Global Robotics Market - Key Players Sales and SWOT Analysis
1. KUKA AG
2. Adept Technology (Acquired by OMRON)
3. iRobot Corporation
4. Intuitive Surgical
5. Nachi-Fujikoshi
6. Yaskawa Electric Corporation
Data Sources
iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.
Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.
1. Executive Summary
2. Impact of Coronavirus (COVID-19) Pandemic on Robotics Market
3. Global Robotics Market and Forecast (2009 - 2025)
3.1 Global Industrial Robotics Market and Forecast
3.2 Global Service Robotics Market and Forecast
3.2.1 Global Professional Service Robotics Market and Forecast
3.2.2 Global Personal and Domestic Service Robotics Market and Forecast
4. Global Robotics Volume and Forecast (2009 - 2025)
4.1 Global Industrial Robotics Volume and Forecast
4.2 Global Service Robotics Volume and Forecast
4.2.1 Global Professional Service Robotics Volume and Forecast
4.2.2 Global Personal and Domestic Service Robotics Volume and Forecast
5. Global Robotics Market and Volume Share Analysis
5.1 Global Robotics Market Share and Forecast - By Type (2009 - 2025)
5.2 Global Robotics Volume Share and Forecast - By Type (2009 - 2025)
6. Global Industrial Robotics Market Share and Forecast
6.1 Global Industrial Robotics Market Share and Forecast - By Segment (2009 - 2025)
6.2 Global Industrial Robotics Market Share and Forecast - By Region (2010 - 2025)
7. Global Service Robotics Market and Volume Share Analysis (2009 - 2025)
7.1 Global Service Robotics Market Share and Forecast - By Segment
7.2 Global Professional Service Robotics Market Share and Forecast - By Segment
7.3 Global Personal and Domestic Service Robotics Market Share and Forecast - By Segment
7.4 Global Service Robotics Volume Share and Forecast - By Segment
7.5 Global Professional Service Robotics Volume Share and Forecast- By Segment
7.6 Global Personal and Domestic Service Robotics Volume Share and Forecast- By Segment
8. Global Industrial Robotics Market and Volume Forecast - By Segment (2009 - 2025)
8.1 Global Automotive Industry Robotics Market and Volume Forecast
8.1.1 Global Automotive Industry Robotics Market and Forecast
8.1.2 Global Automotive Industry Robotics Volume and Forecast
8.2 Global Electrical/Electronics Industry Robotics Market and Volume Forecast
8.2.1 Global Electrical/Electronics Industry Robotics Market and Forecast
8.2.2 Global Electrical/Electronics Industry Robotics Volume and Forecast
8.3 Global Metal Industry Robotics Market and Volume Forecast
8.3.1 Global Metal Industry Robotics Market and Forecast
8.3.2 Global Metal Industry Robotics Volume and Forecast
8.4 Global Chemical, Rubber and Plastics Industry Robotics Market and Volume Forecast
8.4.1 Global Chemical, Rubber and Plastics Industry Robotics Market and Forecast
8.4.2 Global Chemical, Rubber and Plastics Industry Robotics Volume and Forecast
8.5 Global Food Industry Robotics Market and Volume Forecast
8.5.1 Global Food Industry Robotics Market and Forecast
8.5.2 Global Food Industry Robotics Volume and Forecast
8.6 Global Others Industry Robotics Market and Volume Forecast
8.6.1 Global Others Industry Robotics Market and Forecast
8.6.2 Global Others Industry Robotics Volume and Forecast
8.7 Global Unspecified Industry Robotics Market and Volume Forecast
8.7.1 Global Unspecified Industry Robotics Market and Forecast
8.7.2 Global Unspecified Industry Robotics Volume and Forecast
9. Global Industrial Robotics Volume and Forecast - By Region and Country Wise Distribution (2010 - 2025)
10. Global Professional Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)
10.1 Global Defense Robotics Market and Volume Forecast
10.1.1 Global Defense Robotics Market and Forecast
10.1.2 Global Defense Robotics Volume and Forecast
10.2 Global Agriculture/Field Robotics Market and Volume Forecast
10.2.1 Global Agriculture/Field Robotics Market and Forecast
10.2.2 Global Agriculture/Field Robotics Volume and Forecast
10.3 Global Logistic Robotics Market and Volume Forecast
10.3.1 Global Logistic Robotics Market and Forecast
10.3.2 Global Logistic Robotics Volume and Forecast
10.4 Global Medical Robotics Market and Volume Forecast
10.4.1 Global Medical Robotics Market and Forecast
10.4.2 Global Medical Robotics Volume and Forecast
10.5 Global Construction Robotics Market and Volume Forecast
10.5.1 Global Construction Robotics Market and Forecast
10.5.2 Global Construction Robotics Volume and Forecast
10.6 Global Mobile Platforms Robotics Market and Volume Forecast
10.6.1 Global Mobile Platforms Robotics Market and Forecast
10.6.2 Global Mobile Platforms Robotics Volume and Forecast
10.7 Global Inspection Robotics Market and Volume Forecast
10.7.1 Global Inspection Robotics Market and Forecast
10.7.2 Global Inspection Robotics Volume and Forecast
10.8 Global Underwater Robotics Market and Volume Forecast
10.8.1 Global Underwater Robotics Market and Forecast
10.8.2 Global Underwater Robotics Volume and Forecast
10.9 Global Rescue and Security Robotics Market and Volume Forecast
10.9.1 Global Rescue and Security Robotics Market and Forecast
10.9.2 Global Rescue and Security Robotics Volume and Forecast
10.10 Global Cleaning Robotics Market and Volume Forecast
10.10.1 Global Cleaning Robotics Market and Forecast
10.10.2 Global Cleaning Robotics Volume and Forecast
10.11 Global Exoskeleton Robotics Market and Volume Forecast
10.11.1 Global Exoskeleton Robotics Market and Forecast
10.11.2 Global Exoskeleton Robotics Volume and Forecast
10.12 Global Public Relation Robotics Market and Volume Forecast
10.12.1 Global Public Relation Robotics Market and Forecast
10.12.2 Global Public Relation Robotics Volume and Forecast
10.13 Global All Others Robotics Market and Volume Forecast
10.13.1 Global All Others Robotics Market and Forecast
10.13.2 Global All Others Robotics Volume and Forecast
11. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)
11.1 Global Household Robotics Market and Volume Forecast
11.1.1 Global Household Robotics Market and Forecast
11.1.2 Global Household Robotics Volume and Forecast
11.2 Global Entertainment and Leisure Robotics Market and Volume Forecast
11.2.1 Global Entertainment and Leisure Robotics Market and Forecast
11.2.2 Global Entertainment and Leisure Robotics Volume and Forecast
12. Key Player Analysis (2010 - 2025)
12.1 KUKA AG
12.1.1 Company Overview
12.1.2 Sales Analysis
12.1.3 KUKA AG - SWOT Analysis
12.2 Adept Technology (Acquired by OMRON)
12.2.1 Company Overview
12.2.2 Sales Analysis
12.2.3 Adept Technology - SWOT Analysis
12.3 iRobot Corporation
12.3.1 Company Overview
12.3.2 Sales Analysis
12.3.3 iRobot Corporation - SWOT Analysis
12.4 Intuitive Surgical
12.4.1 Company Overview
12.4.2 Sales Analysis
12.4.3 Intuitive Surgical - SWOT Analysis
12.5 Nachi-Fujikoshi
12.5.1 Company Overview
12.5.2 Sales Analysis
12.5.3 Nachi-Fujikoshi - SWOT Analysis
12.6 Yaskawa Electric Corporation
12.6.1 Company Overview
12.6.2 Sales Analysis
12.6.3 Yaskawa Electric Corporation - SWOT Analysis
13. Global Robotics Market - Growth Drivers
13.1 Increasing Research and Development Expenditure
13.2 Technology Trends Shaping the Future of Robotics
13.3 Government Initiatives Drives Market for Robotics
13.4 Co-Bots Drives Robotics Industry
13.5 Improved Service, Increased Operational Efficiency and Safety
14. Global Robotics Market - Challenges
14.1 Human-Robot Interaction Challenges
14.2 The High Cost of Robots Restricts Market Growth
14.3 Delayed Return on Investment (ROI)
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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