Global Robotics Market and Volume (Industrial and Service Robotics), Key Players Analysis - Forecast to 2024
                     
Global Robotics Market and Volume - Overview
The Global Robotics Market is expected to register a CAGR of 14% over the forecast period of 
2018-2024. The demand 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. The adoption of robots across a wide range of industries 
including manufacturing, healthcare, defense and security, automotive, electronics, and food and 
beverage has accelerated the growth of the market.
Global - Robotics Market (Billion US$), 2009-2017
Note: Dummy Data, Actual figures given in the report
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Global Robotics Market and Volume Forecast
Robots deliver better quality products and services more efficiently, with less wastage and 
without causing physical damage to humans due to their autonomous nature. They help to 
reduce operating costs, while increasing production output. The increasing use of robotics 
will boost the growth of the market in the coming future. 
Global – Forecast for Robotics Volume (Million), 2018-2024
Note: Dummy Data, Actual figures given in the report
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Industrial Robotics Market Overview
The global industrial robotics market was valued at just over US$ 16 Billion in 2017, and is likely to grow at 
a double digit CAGR between 2018 and 2024. The demand for industrial robotics is anticipated to grow 
exponentially during the forecasting 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.
Global - Industrial Robotics Market (Billion US$), 2009-2017
Note: Dummy Data, Actual figures given in the report
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Industrial Robotics Market Segment Analysis
• The automotive industry accounted for highest share of the industrial robotics market in 
2017, followed by electrical and electronics segment.   
• The market for industrial robotics in the electrical and electronics industry is expected to 
grow at double digit CAGR between 2018 and 2024. 
• The metal industry is the third largest market for industrial robotics. 
• 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.
  By Segment – Industrial Robotics Volume Share (Percent), 2017  By Segment - Forecast for Industrial Robotics Market Share (Percent), 2024
Note: Dummy Data, Actual figures given in the report
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Industrial Robotics Market Regional Analysis
• In terms of region, the five major markets including China, South Korea, Japan, United States, and 
Germany accounts for around 73% of the total robotics sales volume in 2017.
• Asia/Australia is the world's largest market for industrial robots, driven by growing demand for 
industrial robots from small- and medium-scale enterprises in China, Japan, South Korea, and India. 
• Europe is the second leading region for industrial robotics market, followed by the Americas at the third 
spot. 
By Region – Forecast For Industrial Robotics Market Share (Percent), 2024 Asia/Australia Countries Robotics Volume Share (Percent), 2017
Note:  Dummy Data, Actual figures given in the report.
Note: The market value figures cited in this report for industrial robotics generally do not include the cost of software, peripherals and systems 
engineering. Including the mentioned costs might result in the actual robot systems’ market value to be about three times as high.
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Service Robotics Market Overview
The global service robotics market was valued at over US$ 9 Billion in 2017. 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, rescue and 
security, agriculture, logistics, construction, and professional cleaning among others, whereas personal service 
robots are used for domestic and entertainment and leisure purpose. 
The global service robotics market is expected to almost triple by 2024 from the 2017 level, 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. However, high initial investment and concern for human safety restricts 
the growth of the market.
Global – Forecast for Service Robotics Market (Billion US$), 2018-2024
Note: Dummy Data, Actual figures given in the report
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Service Robotics Market Segment Analysis
 By Segment –Service Robotics Market Share (Percent), 2017
• The global professional service robotics 
market was valued at close to US$ 7 Billion 
in 2017. 
• In 2017, logistic application was the major 
industry vertical, in terms of market share, 
followed by medical applications. 
• Agriculture/field robots controlled over 14% 
share of the professional service market in 
2017. 
• In volume terms, the logistic robots 
accounted for maximum share of the overall  By Segment - Forecast for Service Robotics Volume Share (Percent), 2024
professional service robotics volume in 
2017. 
• The medical robots accounted for single 
digit share of the professional service 
robotics volume in 2015, due to expensive 
nature of these devices. 
• Household robots accounted for maximum 
share of the personal and domestic service 
robotics market in 2017.
Note: Dummy Data, Actual figures given in the report
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This is the 3rd edition report on Robotics Market by iGATE 
RESEARCH. The report titled “Global Robotics Market and 
Volume (Industrial and Service Robotics), Key Players 
Analysis - Forecast to 2024” provides a comprehensive 
assessment of the fast-evolving, high-growth Global Robotics 
Industry.
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This 212 Page report with 123 Figures and 18 Tables has been analyzed from 9 viewpoints: 
1. Global Robotics Market and Volume Forecast (2009 - 2024)
2. Global Industrial Robotics Market and Volume Forecast (2009 - 2024)
3. Global Industrial Robotics Market and Volume Forecast - By Segment (2009 - 2024)
4. Industrial Robotics Volume and Forecast - Region and Country Wise Distribution (2010 - 2024)
5. Global Service Robotics Market and Volume Forecast (2009 - 2024)
6. Global Professional Service Robotics Market and Volume Forecast - By Segment (2009 - 2024)
7. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2009 - 2024)
8. Key Player - Sales and SWOT Analysis (2010 - 2024)
9. Global Robotics Market - Growth Drivers and Challenges
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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 5. Food Industry
2. Electrical/Electronics Industry 6. Others Industry
3. Metal Industry 7. Unspecified Industry
4. Chemical, Rubber and Plastics Industry
Industrial Robotics Volume and Forecast - Region and Country Wise Distribution
1. Americas 2.   Asia/Australia 3. Europe 4.  Africa
     • United States       • China     • Central/Eastern Europe 5.  Rest of the World (ROW)
      • Canada        • India     • France
      • Brazil       • Japan     • Germany
      • Mexico       • Republic of Korea     • Italy
      • Rest of South America       • Taiwan     • Spain
      • Thailand     • United Kingdom
      • Vietnam     • Other Europe
      • Other Asia/Australia
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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 8. Mobile Platforms
2. Agriculture/Field 9. Inspection
3. Logistic 10. Underwater
4. Medical 11. Rescue and Security
5. Exoskeletons 12. Cleaning
6. Public Relations Robots 13. Others
7. Construction
Glob al 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  4. Intuitive Surgical 
2. Adept Technology (Acquired by OMRON) 5. Nachi-Fujikoshi 
3. iRobot Corporation  6. Yaskawa Electric Corporation
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