Top 20 Companies Powering the Global Robotics Market (2024–2035): Market Demand, Growth and Statistics
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, the Global Robotics Market Size is projected to grow from USD 93.15 billion in 2024 to USD 398.59 billion by 2035, at a CAGR of 14.13% during the forecast period 2025–2035. The robotics market is experiencing strong growth driven by increasing demand for automation across industrial and service sectors.
Introduction
The market for robotics is driven by a number of reasons, such as the need for automation and technological innovation. When it comes to rapidly automating production for sectors like electronics, automotive, and manufacturing, among others, companies strive for accurate, economical, and efficient solutions. Furthermore, because modern technologies like IoT, AI, and machine learning are seamlessly incorporated into smart factories and the emerging Industry 4.0, Robots acquisition has been promoted. Also making a significant contribution is the health sector, particularly with regard to the application of robotics in bedside care, physical therapy, and surgery. Apart from this, the dynamics for robotics in distribution, packaging, and warehousing were improved by the expansion of e-commerce and logistics.
Key Market Trends:
Quick developments in technology
The development of cutting-edge technologies like artificial intelligence (AI) and machine learning (ML), which enable robots to learn from their new surroundings, adjust to new tasks, and improve their performance over time, is propelling the expansion of the robotics industry. Modern advancements have contributed to the fact that freshly created sensor technology applications help robots become more adept at integrating with their surroundings and performing better on their own. Similar to this, one of the most significant current developments in the robotics market is the growing shrinking of electronic equipment, which results in the development of robotics systems that are smaller, more capable, and also less costly.
Increasing growth in the areas of application
One major reason driving the market's growth is the rise of robotics application areas. The manufacturing of electronics and automobiles has made extensive use of robotics. But recent developments have created a wide range of new uses for operations like planting, weeding, and harvesting in a variety of other industries, including agriculture, which helps to boost productivity and lessen the need for physical labor. In the medical industry, robotics is also being used for patient rehabilitation, diagnostics, and procedures. Reports state that the robotic technology improves worker productivity by 29% and raises overall production at the hospital level by 21% to 26%. In addition, it is widely used for operational and customer service duties in the retail and hotel sectors.
Robotics Market Size & Statistics
- The market for robotics was estimated to be worth USD 93.15 billion in 2024.
- The market is going to expand at a CAGR of 14.13% between 2025 and 2035.
- The Global Robotics Market is anticipated to reach USD 398.59 billion by 2035.
- Europe is expected to generate the highest demand during the forecast period.
- Asia Pacific is expected to grow the fastest during the forecast period
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the robotics market. The robotics market is dominated by the Asia Pacific area because of the widespread use of robots in production, especially in the electronics and automotive sectors. The market is also expanding as a result of the extensive use of industrial robots in nations like China to preserve production quality and efficiency. Additionally, the existence of multiple nations in the area that are pioneers in the creation and application of robotics is favorably impacting the expansion of the market. In addition, the drive for automation to maintain manufacturing competitiveness and rising labor costs are fueling market expansion.
Europe is expected to generate the highest demand during the forecast period in the robotics market. Europe is home to some of the top robotics businesses in the world, especially in industrial robotics, which is driving the market's expansion. Furthermore, a number of regional nations are renowned for their superior technical skills and have a long history of robotics, particularly in the manufacturing and automotive industries. The market expansion is also being driven by the increased interest in service robots, which has applications in public services, healthcare, and agriculture.
Top 15 Companies Leading the Robotics Market
- ABB Ltd.
- Fanuc Corporation
- KUKA AG
- Yaskawa Electric Corporation
- Boston Dynamics
- Universal Robots
- Mitsubishi Electric Corporation
- Kawasaki Heavy Industries
- Denso Corporation
- Nachi-Fujikoshi Corporation
- Seiko Epson Corporation
- iRobot Corporation
- Intuitive Surgical
- SoftBank Robotics
- Gridbots Technologies
- GreyOrange
- Wipro PARI
- Addverb Technologies
- Systemantics
- Rapyuta Robotics.
1. ABB
Headquarters - Switzerland
ABB is a world leader in industrial automation and robotics, having been founded in 1988 and having its headquarters in Zurich, Switzerland. A variety of solutions are available from its Robotics & Discrete Automation branch, such as industrial arms, collaborative robots (cobots), and AI-integrated systems for manufacturing, logistics, and healthcare. ABB maintains more than 400,000 robot installations globally and conducts business in more than 100 countries. The culinary, electronics, and automotive industries all make extensive use of its YuMi cobot and IRB series. ABB has innovation hubs in Sweden, China, and the United States and makes significant investments in R&D. It reported USD 31.5 billion in revenue in 2024, with robotics making up a sizable portion of its automation portfolio. ABB is positioned as a leader in the transformation of smart factories due to its emphasis on sustainability, modularity, and digital twin technology.
2. Fanuc
Headquarters - Japan
Fanuc, one of the biggest producers of industrial robots and CNC systems worldwide, was founded in 1956 and is headquartered in Oshino, Japan. For the automotive, electronics, and metalworking industries, it specializes in robotic arms, controllers, and factory automation systems. SCARA, delta, and collaborative robots with high-speed accuracy and payload capacities of up to 2,300 kg are all part of Fanuc's product portfolio. The company has installed more than 750,000 robots and runs more than 260 service centers worldwide. Fanucs in-house AI algorithms improve energy efficiency and predictive maintenance. It reported revenues of ¥780 billion (about USD 5.2 billion USD) in FY 2024. Because of its scalable automation, low downtime, and dedication to dependability, it is a favored partner in high-volume manufacturing settings.
3. KUKA
Headquarters – Germany
KUKA is a prominent supplier of intelligent automation systems, having been founded in 1898 and having its headquarters located in Augsburg, Germany. It provides software, mobile platforms, and industrial robots for industries like electronics, automotive, healthcare, and aerospace. The LBR iiwa cobot and KR series from KUKA are renowned for their accuracy, adaptability, and human-robot cooperation. The business has operations in more than 40 nations and keeps research and development facilities in North America, China, and Europe. KUKA reported €3.6 billion in revenue in 2024, driven by robust growth in medical robots and smart logistics. Its KUKA Connect cloud-based technology makes real-time analytics and monitoring possible. KUKA is at the vanguard of the Industry 4.0 revolution due to its integration of mechatronics, AI, and IoT technologies.
4. Yaskawa
Headquarters - Japan
Yaskawa, which was established in 1915 and has its headquarters in Kitakyushu, Japan, is a leader in robotics and motion control. Industries including welding, packaging, assembly, and biomedical automation are served by its Motoman robot series. Robots from Yaskawa are renowned for their multi-axis flexibility, fast speed, and sophisticated vision systems. The business also creates controllers, AI-enhanced automation software, and servo drives. Yaskawa is well-represented in Asia, Europe, and the Americas with more than 500,000 robots in use worldwide. It reported ¥520 billion (about $3.5 billion USD) in revenue for FY 2024. Yaskawa is a major force in sustainable robotics innovation because of its emphasis on energy efficiency, modular design, and human-machine synergy.
5. Boston Dynamics
Headquarters - Massachusetts
Boston Dynamics, a Waltham, Massachusetts-based company founded in 1992, is well-known for its sophisticated mobile robots and dynamic control systems. The business, which was initially a spin-off from MIT, became well-known throughout the world for its robots, including the humanoid Atlas, the quadriped Spot, and the logistical Stretch. Boston Dynamics builds robots that can navigate challenging areas, conduct inspections, and automate warehouse chores by fusing mechanical engineering with artificial intelligence. Since being acquired by Hyundai Motor Group in 2021, the business has increased the scope of its commercial solutions in industrial automation and logistics. It introduced Spot Enterprise in 2024 with improved payload integration and autonomy. Boston Dynamics is a notable innovator in the field of robotics, pushing the boundaries of mobility, perception, and real-world deployment.
Are you ready to discover more about the robotics market?
The report provides an in-depth analysis of the leading companies operating in the global robotics market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- ABB Ltd.
Business Overview
Company Snapshot
Products Overview
Company Market Share Analysis
Company Coverage Portfolio
Financial Analysis
Recent Developments
Merger and Acquisitions
SWOT Analysis
- Fanuc Corporation
- KUKA AG
- Yaskawa Electric Corporation
- Boston Dynamics
- Universal Robots
- Mitsubishi Electric Corporation
- Kawasaki Heavy Industries
- Denso Corporation
- Others.
Conclusion
The growing need for automation, the incorporation of cutting-edge technologies like AI and IoT, and the growth of new application areas are all driving the rapid evolution of the worldwide robotics industry. With a large number of industrial robotics pioneers, Europe leads in demand, but Asia Pacific is the region with the quickest rate of growth. Robotics is improving efficiency, accuracy, and scalability in a variety of industries, including industrial production, healthcare, logistics, agriculture, and services. Leading firms at the vanguard of this technological wave, like ABB, Fanuc, KUKA, and Boston Dynamics, are using intelligent and adaptable robotic technologies to transform the global economy.
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