The global Robotics Market was valued at USD 63.24 billion in 2024 and is expected to reach USD 200.87 billion by 2032 with a CAGR of 15.59%. Increasing adoption of robotics across industrial and manufacturing sectors is driving market growth globally.

The United States leads the world in the robotics market due to growing industrial automation, pro-robotics government legislation, and rising demand in manufacturing, healthcare, and logistics sectors. Increased productivity and operational efficiency are facilitated by AI, IoT, and smart robotics systems integration.

In 2024, hardware emerged as the largest revenue-generating segment in the Robotics Market, while the software segment is projected to have the fastest CAGR of 17.08% due to the use of AI-based algorithms and analytics. Articulated Robots held the largest revenue share, while Humanoids Robots are expected to grow at the fastest CAGR.

Material Handling segment held the top position in 2024, while the Medical Devices segment is projected to have the fastest CAGR due to healthcare automation. AI-powered Robots had the highest revenue share in 2024, with IoT Robots segment expected to grow the fastest.

Asia Pacific held the largest revenue share in the Robotics Market in 2024 and is anticipated to grow at a fastest CAGR of approximately 16.23% through 2024-2032. North America, particularly the U.S., is experiencing rapid growth in the robotics market due to advanced manufacturing and industrial automation.

In recent news, Kawasaki featured the BA006L welding robot, and Mitsubishi Electric launched the MELFA RV-12CRL vertical articulated robot. SNS Insider offers exclusive sections in their Robotics Market Report to help understand market dynamics, pricing, operational performance, R&D, supply chain, forecasts, and technology impact analysis.

Read more at GlobeNewswire: Robotics Market Size to Hit USD 200.87 Billion by 2032,