Authored By: Sarah
30 Oct 2023

Robotics Market Analysis | ABB Ltd., Clearpath Robotics Inc., Cyberdyne Inc. are Market Pioneers

Competitive Benchmarking and  Forecasts for Core Companies 2023-2027

According to Technavio’s Market Research, the Robotics Market is estimated to grow at a CAGR of 7.71% between 2022 and 2027 followed by USD 22,269.7 Mn revenue growth. 

Emergence of medical robotics, stringent health and safety regulations, and technological advances in robot hardware are propelling the market advancement worldwide. The market can be segmented by application (industrial and services), end-user (manufacturing, healthcare, aerospace and defense, media and entertainment, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

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Snapshot of Robotics Market  Analysis

Key Market Players and their Key Offerings: When it comes to the key market placers in the market landscape companies are implementing strategic alliances and Product launches, to enhance their market presence in the ​​​​​​Robotics Market across North America, Europe, EMEA, APAC US, Canada, China, Germany, UK 

Some Key Offerings include

  • ABB Ltd offers different types of robotics products for different industries. It also offers electrification and building management solutions.
  • Clearpath Robotics Inc manufactures, and researches industrial robot applications and offers educational mobile robots and hardware components.

Some of the prominent names are  GEA Group AG, Honeywell International Inc., Intuitive Surgical Inc., Kawasaki Heavy Industries Ltd., KION GROUP AG, L3Harris Technologies Inc., Lely International NV, MIDEA Group, OMRON Corp., Relay Robotics Inc., SMP Robotics Systems Corp., Teradyne Inc., The Boeing Co., etc. Technavio's report includes qualitative and quantitative analyses of market leaders with a wider understanding of the business ecosystem. 

Technavio's research report provides insights into the top market players and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors market players must distinguish their product and service offerings through a clear and unique value proposition. Download our sample report for more insights on the Robotics Market.

Robotics Market  Highlights

  • The Robotics market is segmented by Application (Industrial and Services ), End-user (Manufacturing, Healthcare, Aerospace and Defense, Media and entertainment, and Others ), and Geography (APAC, Europe, North America, Middle East and Africa, and South America).
  • APAC led the market with 49% of the market growth set to originate from this region during the forecast period.
  • The emergence of medical robotics is one of the primary factors driving the growth of the robotics market market. The report provides a detailed study of this and all the other drivers that will boost market growth. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. 
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