Global Robotics Technology Market, 2020-2027

LEGAL STATEMENT
The Information contained within the Service is either licensed from

third party information providers or is the intellectual property of EMIS.
This information –including the document to be made available to you- is
therefore protected by copyright laws, database rights, trademarks
and/or patents owned by the relevant party.
Except as otherwise permitted in the agreement (if any) between

the Subscriber and EMIS, or as otherwise expressly approved in writing
by EMIS, any reproduction, publishing, redistribution, sell, broadcast or
circulation of the Information to any third party is strictly prohibited. No
rights are granted to the Subscriber except the limited use rights. The
Subscriber may not store in electronic form any shared library or archive
of Information which could be used as a research application nor
remove, conceal or alter any copyright notices contained in the Service
or in this document.
2020
OCTOBER
ROBOTICS TECHNOLOGY MARKET

Global Opportunity Analysis and Industry Forecast, 2020-2027
AUTHOR(S):
Shadaab Khan
Pramod Borasi &
Vineet Kumar
PAGES:
279
INDUSTRY:
ICT & Media
911@alliedmarketresearch.com
+1-800-792-5285
U.S.: +1-503-894-6022
UK.: +44-845-528-1300
5933 NE Win Sivers Drive,
#205, Portland, OR 97220,
United States.
EMISPDF in-iimnagpur from 15.207.22.60 on 2021-01-23 13:15:19 GMT. DownloadPDF.

Downloaded by in-iimnagpur from 15.207.22.60 at 2021-01-23 13:15:19 GMT. EMIS. Unauthorized Distribution Prohibited.
ABOUT US
Allied Market Research is a full-service market research and business-consulting wing of Allied Analytics LLP
based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small
businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR
has a targeted view to provide business insights and consulting to assist its clients to make strategic business
decisions and achieve sustainable growth in their respective market domain.
TERMS OF USE
The electronic or hard copy of this report bears an underlying contractual agreement between Allied Market
Research and the buyer. The complete or part of the content of the report cannot be shared or made available
to other persons, other divisions, subsidiaries of same company or other companies. The reproduction or
redistribution of the report in any manner is strictly prohibited without the prior permission of Allied Market
Research. The publisher will, in-turn, regard the privacy of the purchaser and will keep it confidential. In case
the purchaser wishes to share the content of the report or the report proceeds with other members or
Global Robotics departments of company, the license type of the report should be upgraded depending upon the sharing
Technology requirement. Additional copies for this report may also be order at discounted price for use by addition
Market readers/users. This publication is informative material and is not meant for managerial, legal or accounting
advice. It should not be used for corporate guide, laboratory manual or endorsement of any product.
Opportunity Analysis
and Industry Forecast,
2020-2027
2
GO TO TOC Copyright © Allied Market Research | sales@alliedmarketresearch.com | www.alliedmarketresearch.com
LICENSE TERMS & CONDITIONS:
The license terms and conditions stated herein (the "License Terms" hereafter) grant non-exclusive rights
to AUTHORIZED USERS for using the product(s)/service(s) ("REPORT") offered by "Allied Market Research
("AMR") in any form, and is applicable to all orders (an "ORDER") processed by AMR. The agreement is related
to your use of the products and services offered by AMR. By placing the order, an individual ("you"), on his/her
own or on behalf of an organization, agrees to the License Terms. The License Terms shall be binding upon
the user on acceptance of the delivery of AMR’s research products (includes research reports, survey data,
company profiles, custom research services, and any other product created and owned by AMR) or consulting
assignments by AMR and any of its authorized distributors. The License Terms supersede and replace any
other agreement accepted by you with respect to a prior version of the product/service.
License Options:
AMR offers three types of non-exclusive, non-transferable machine-readable licenses, viz. Single User, Five
User, and Enterprise User options. Single User type entitles only ONE authorized user the right to store,
display, use, or stockpile the report. In the Five User license type, FIVE authorized users can access, store,
display, use, or stockpile the report. The Enterprise User license, the report can be circulated within an
organization and/or among its subsidiaries. Unauthorized access or distribution of AMR’s reports will be
considered as a serious breach of the terms and conditions as stated herewith and on AMR’s website. Any
violation of which shall be treated as per the applicable laws in the United States, India, or in the jurisdiction of
purchase. The products and services offered are the intellectual property of AMR, and are protected by
Global Robotics applicable copyright laws, international treaty provisions, and other applicable laws of the country in which
these are being used. The terms and conditions mentioned on AMR’s website stand applicable for users of this
Technology document, so kindly visit the link below for more information.
Market
Opportunity Analysis https://www.alliedmarketresearch.com/terms-and-conditions
2020-2027
3
RELATED REPORTS
APAC Robotics Technology Market - Opportunity Analysis and Industry Forecast, 2018-2025
APAC Robotics Technology Market is expected to garner revenue of $29.5 billion by 2020, registering a CAGR of 9.12%
during the forecast period 2015-2020. Robotics technology includes the integration of electronics, artificial
intelligence, computer science, mechatronics, bioengineering, and nanotechnology for design and development of
robots. It is a technology dealing with application of computer-controlled robots for performing manipulative tasks.
Robots are intelligent devices containing sensors, manipulators, control systems, power supply, and software to
perform a task with increased efficiency..
Global Service Robotics Market - Opportunity Analysis and Industry Forecast, 2017-2023
Global Service robotics market is expected to reach $34.7 billion by 2022, with a CAGR of 23.9% from 2015 to 2022,
according to a new report by published by Allied Market Research. The growing need of automation across various
industries has encouraged organizations to adopt service robotics for increased productivity, superior quality and
precise operations, reduced operation costs, and enhanced safety of workforce. Increasing labor costs coupled with
lack of workforce further accelerate the growth of market..
Global Robotics
Technology
Market
2020-2027
4
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION....................................................................................... 34
1.1. Report description .................................................................................................... 34
1.2. Key benefits for stakeholders .................................................................................. 36
1.3. Key market segments ............................................................................................... 36
1.4. Research methodology ............................................................................................ 40
1.4.1. Secondary research ........................................................................................................... 42
1.4.2. Primary research ................................................................................................................. 42
1.4.3. Analyst tools & models .................................................................................................... 43
CHAPTER 2: EXECUTIVE SUMMARY............................................................................ 44

2.1. Key findings............................................................................................................... 47
2.1.1. Top impacting factors ....................................................................................................... 47
Global Robotics
Technology 2.1.2. Top investment pockets................................................................................................... 48
Market 2.2. CXO perspective ........................................................................................................ 49
Opportunity Analysis CHAPTER 3: MARKET OVERVIEW ................................................................................ 50

2020-2027 3.1. Market definition and scope ................................................................................... 50
3.2. Key forces shaping global robotics technology market ....................................... 51
5
3.3. Case studies ............................................................................................................... 56
3.3.1. Case study 1 ......................................................................................................................... 56
3.3.2. Case study 2 ......................................................................................................................... 57
3.4. Market dynamics ...................................................................................................... 58

3.4.1. Drivers .................................................................................................................................... 58
3.4.1.1. Rise in need for automation and safety in organizations ................................ 58
3.4.1.2. Availability of affordable and energy efficient robots ...................................... 58

3.4.1.3. Increase usage of robots in several industries..................................................... 59
3.4.1.4. Rise in labor and energy cost .................................................................................... 59
3.4.2. Restraints .............................................................................................................................. 60
3.4.2.1. High implementation cost .......................................................................................... 60
3.4.2.2. Lack of awareness among the SMEs ....................................................................... 60
3.4.3. Opportunity.......................................................................................................................... 61
Global Robotics
3.4.3.1. Growth in adoption of robotics technology in emerging countries ............ 61
Technology
3.5. COVID-19 impact analysis on robotics technology market .................................. 62
Market
3.5.1. Impact on market size ...................................................................................................... 62
and Industry Forecast, 3.5.2. Consumer trends, preferences, and budget impact ............................................... 63
2020-2027
3.5.3. Regulatory framework ...................................................................................................... 64
6
3.5.4. Economic impact ................................................................................................................ 65
3.5.5. Key player strategies to tackle negative impact ...................................................... 65
3.5.6. Opportunity window ......................................................................................................... 66
CHAPTER 4: ROBOTICS TECHNOLOGY MARKET, BY COMPONENT........................ 67

4.1. Overview .................................................................................................................... 67
4.2. Hardware ................................................................................................................... 69
4.2.1. Key market trends, growth factors, and opportunities ......................................... 69
4.2.2. Market size and forecast, by region............................................................................. 70
4.2.3. Market analysis, by country ............................................................................................ 71
4.3. Software .................................................................................................................... 72


Global Robotics 4.3.3. Market analysis, by country ............................................................................................ 74
Technology
4.4. Services ...................................................................................................................... 75
Market
and Industry Forecast, 4.4.2. Market size and forecast, by region............................................................................. 77
2020-2027
7
CHAPTER 5: ROBOTICS TECHNOLOGY MARKET, BY ROBOT TYPE ......................... 79
5.1. Overview .................................................................................................................... 79
5.2. Traditional industrial robots .................................................................................... 81
5.3. Cobots ........................................................................................................................ 84

5.4. Professional service robots ...................................................................................... 87

Global Robotics 5.4.2. Market size and forecast, by region............................................................................. 89

Technology 5.4.3. Market analysis, by country ............................................................................................ 90
Market
5.5. Others ........................................................................................................................ 91
and Industry Forecast, 5.5.1. Key market trends, growth factors, and opportunities ......................................... 91
2020-2027
8
CHAPTER 6: ROBOTICS TECHNOLOGY MARKET, BY APPLICATION ....................... 94

6.1. Overview .................................................................................................................... 94
6.2. Manufacturing .......................................................................................................... 96
6.2.4. Market size and forecast, by industry type ............................................................... 99
6.3. Healthcare ............................................................................................................... 100

6.3.1. Key market trends, growth factors, and opportunities ....................................... 100
6.3.2. Market size and forecast, by region........................................................................... 102
6.3.3. Market analysis, by country .......................................................................................... 103

Global Robotics 6.4. Aerospace & defense .............................................................................................. 104
Technology 6.4.1. Key market trends, growth factors, and opportunities ....................................... 104
Market
and Industry Forecast, 6.4.3. Market analysis, by country .......................................................................................... 107
2020-2027
6.5. Media & entertainment ......................................................................................... 108
9
6.6. Logistics ................................................................................................................... 111

6.7. Others ...................................................................................................................... 114

CHAPTER 7: ROBOTICS TECHNOLOGY MARKET, BY REGION ............................... 117

Global Robotics 7.1. Overview .................................................................................................................. 117
Technology
7.2. North America ......................................................................................................... 118
Market
and Industry Forecast, 7.2.2. Market size and forecast, by component................................................................. 121
2020-2027
7.2.3. Market size and forecast, by robot type .................................................................. 122
10
7.2.4. Market size and forecast, by application ................................................................. 123
7.2.5.1. U.S. ................................................................................................................................... 125

7.2.5.1.1. Market size and forecast, by component ..................................... 126
7.2.5.1.2. Market size and forecast, by robot type ....................................... 127
7.2.5.1.3. Market size and forecast, by application ...................................... 128
7.2.5.2. Canada ............................................................................................................................ 129

7.3. Europe ...................................................................................................................... 133

7.3.2. Market size and forecast, by component................................................................. 135

Global Robotics
Technology 7.3.3. Market size and forecast, by robot type .................................................................. 136
Market 7.3.4. Market size and forecast, by application ................................................................. 137
Opportunity Analysis 7.3.5. Market analysis, by country .......................................................................................... 138

2020-2027 7.3.5.1. Germany ......................................................................................................................... 139
11
7.3.5.2. UK ..................................................................................................................................... 143

7.3.5.3. Spain ................................................................................................................................ 147

7.3.5.4. Italy .................................................................................................................................. 151


Global Robotics 7.3.5.4.3. Market size and forecast, by application ...................................... 154
Technology
7.3.5.5. France .............................................................................................................................. 155
Market
and Industry Forecast, 7.3.5.5.2. Market size and forecast, by robot type ....................................... 157
2020-2027
12
7.3.5.6. Rest of Europe.............................................................................................................. 159
7.4. Asia-Pacific .............................................................................................................. 163

7.4.5.1. China ............................................................................................................................... 169


Global Robotics
Technology 7.4.5.1.3. Market size and forecast, by application ...................................... 172
Market 7.4.5.2. India ................................................................................................................................. 173
Opportunity Analysis 7.4.5.2.1. Market size and forecast, by component ..................................... 174
2020-2027
13
7.4.5.3. Japan ............................................................................................................................... 177
7.4.5.4. Singapore ...................................................................................................................... 181

7.4.5.5. South Korea .................................................................................................................. 185

7.4.5.6. Thailand .......................................................................................................................... 189

Global Robotics 7.4.5.6.1. Market size and forecast, by component ..................................... 190
Technology
Market
and Industry Forecast, 7.4.5.7. Rest of Asia-Pacific ..................................................................................................... 193
2020-2027 7.4.5.7.1. Market size and forecast, by component ..................................... 194
14
7.5. LAMEA ..................................................................................................................... 197

7.5.5.1. Latin America ................................................................................................................ 203

7.5.5.2. Middle East.................................................................................................................... 207

Global Robotics
Technology 7.5.5.2.1. Market size and forecast, by component ..................................... 208
Market 7.5.5.2.2. Market size and forecast, by robot type ....................................... 209
Opportunity Analysis 7.5.5.2.3. Market size and forecast, by application ...................................... 210
7.5.5.3. Africa ............................................................................................................................... 211
2020-2027
15
CHAPTER 8: COMPETITIVE LANDSCAPE .................................................................. 215

8.1. Key players positioning analysis, 2019 ................................................................. 215
8.2. Top winning strategies ........................................................................................... 217
CHAPTER 9: COMPANY PROFILE............................................................................... 221

9.1. ABB LTD. .................................................................................................................. 221
9.1.1. Company overview .......................................................................................................... 221
9.1.2. Key Executives ................................................................................................................... 222
9.1.3. Company snapshot .......................................................................................................... 222
9.1.4. Operating business segments ..................................................................................... 223
9.1.5. Product portfolio .............................................................................................................. 224

Global Robotics 9.1.6. R&D Expenditure.............................................................................................................. 224
Technology 9.1.7. Business performance..................................................................................................... 225
Market
9.1.8. Key strategic moves and developments .................................................................. 227
and Industry Forecast, 9.2. DENSO CORPORATION .......................................................................................... 228
2020-2027
16
9.2.2. Key Executives ................................................................................................................... 228
9.2.5. R&D Expenditure.............................................................................................................. 230
9.2.6. Business performance..................................................................................................... 231
9.3. FANUC CORPORATION .......................................................................................... 233

9.3.2. Key Executives ................................................................................................................... 233

Global Robotics 9.3.6. Business performance..................................................................................................... 236
Technology
Market
9.4. KAWASAKI ROBOTICS (KAWASAKI HEAVY INDUSTRIES, LTD.) ........................ 239
and Industry Forecast, 9.4.1. Company overview .......................................................................................................... 239
2020-2027
9.4.2. Key Executives ................................................................................................................... 240
17
9.5. KUKA AG .................................................................................................................. 246

9.5.2. Key Executives ................................................................................................................... 246

Global Robotics 9.5.7. Key strategic moves and developments .................................................................. 250
Technology
9.6. MITSUBISHI ELECTRIC CORPORATION ................................................................. 251
Market
and Industry Forecast, 9.6.2. Key Executives ................................................................................................................... 252
2020-2027
18
9.7. OMRON CORPORATION ........................................................................................ 258

9.7.2. Key Executives ................................................................................................................... 258

Global Robotics 9.8. SEIKO EPSON CORPORATION ............................................................................... 264
Technology
Market
9.8.2. Key Executives ................................................................................................................... 265
and Industry Forecast, 9.8.3. Company snapshot .......................................................................................................... 265
2020-2027
19
9.9. STÄUBLI INTERNATIONAL AG ............................................................................... 270

9.9.2. Key Executive ..................................................................................................................... 270
9.10. YASKAWA ELECTRIC CORPORATION .................................................................... 273

9.10.2. Key Executives ................................................................................................................... 274

Global Robotics 9.10.3. Company snapshot .......................................................................................................... 274
Technology
Market
and Industry Forecast, 9.10.6. Business performance..................................................................................................... 276
2020-2027
20
LIST OF TABLES
TABLE 01. GLOBAL ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ...................68
TABLE 02. ROBOTICS TECHNOLOGY MARKET REVENUE FOR HARDWARE, BY REGION, 2019–2027 ($MILLION) ............70
TABLE 03. ROBOTICS TECHNOLOGY MARKET REVENUE FOR SOFTWARE, BY REGION, 2019–2027 ($MILLION)..............73
TABLE 04. ROBOTICS TECHNOLOGY MARKET REVENUE FOR SERVICES, BY REGION, 2019–2027 ($MILLION) ................77
TABLE 05. GLOBAL ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ...................80
TABLE 06. TRADITIONAL INDUSTRIAL ROBOTS TECHNOLOGY MARKET REVENUE, BY REGION, 2019–2027
($MILLION).........................................................................................................................................................................82
TABLE 07. COBOTS TECHNOLOGY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION) ...............................................85
TABLE 08. PROFESSIONAL SERVICE ROBOTS, TECHNOLOGY MARKET REVENUE BY REGION, 2019–2027
($MILLION).........................................................................................................................................................................89
TABLE 09. OTHER ROBOTS TECHNOLOGY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION) ..................................92
TABLE 10. GLOBAL ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) ..................95
TABLE 11. ROBOTICS TECHNOLOGY MARKET REVENUE FOR MANUFACTURING, BY REGION, 2019–2027
($MILLION).........................................................................................................................................................................97
Global Robotics
TABLE 12. ROBOTICS TECHNOLOGY MARKET REVENUE FOR MANUFACTURING, BY REGION, 2019–2027
Technology ($MILLION).........................................................................................................................................................................99
Market TABLE 13. ROBOTICS TECHNOLOGY MARKET REVENUE FOR HEALTHCARE, BY REGION, 2019–2027
($MILLION)...................................................................................................................................................................... 102
and Industry Forecast, TABLE 14. ROBOTICS TECHNOLOGY MARKET REVENUE FOR AEROSPACE & DEFENSE, BY REGION, 2019–2027
2020-2027 ($MILLION)...................................................................................................................................................................... 106
21
TABLE 15. ROBOTICS TECHNOLOGY MARKET REVENUE FOR MEDIA & ENTERTAINMENT, BY REGION,
2019–2027 ($MILLION)............................................................................................................................................... 109
TABLE 16. ROBOTICS TECHNOLOGY MARKET REVENUE FOR LOGISTICS, BY REGION, 2019–2027 ($MILLION) ............ 112
TABLE 17. ROBOTICS TECHNOLOGY MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION) ................ 115
TABLE 18. ROBOTICS TECHNOLOGY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION) ........................................ 118
TABLE 19. NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027
($MILLION)...................................................................................................................................................................... 121
TABLE 20. NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027
($MILLION)...................................................................................................................................................................... 122
TABLE 21. NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027
($MILLION)...................................................................................................................................................................... 123
TABLE 22. NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027
($MILLION)...................................................................................................................................................................... 124
TABLE 23. U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ....................... 126
TABLE 24. U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ........................ 127
TABLE 25. U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) ...................... 128
Global Robotics TABLE 26. CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ............... 130
Technology TABLE 27. CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ............... 131
Market TABLE 28. CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) .............. 132
Opportunity Analysis TABLE 29. EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ............... 135
TABLE 30. EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ................ 136
2020-2027
TABLE 31. EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)............... 137
22
TABLE 32. EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION) ..................... 138
TABLE 33. GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ............ 140
TABLE 34. GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ............ 141
TABLE 35. GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) ........... 142
TABLE 36. UK ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ......................... 144
TABLE 37. UK ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) .......................... 145
TABLE 38. UK ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) ........................ 146
TABLE 39. SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ................... 148
TABLE 40. SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) .................... 149
TABLE 41. SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) .................. 150
TABLE 42. ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) .................... 152
TABLE 43. ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ..................... 153
TABLE 44. ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) ................... 154
TABLE 45. FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ............... 156
Global Robotics TABLE 46. FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ................ 157
Technology TABLE 47. FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)............... 158
Market TABLE 48. REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027
($MILLION)...................................................................................................................................................................... 160
Opportunity Analysis TABLE 49. REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027
($MILLION)...................................................................................................................................................................... 161
2020-2027
TABLE 50. REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027
($MILLION)...................................................................................................................................................................... 162
23
TABLE 51. ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027
($MILLION)...................................................................................................................................................................... 165
TABLE 52. ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027
($MILLION)...................................................................................................................................................................... 166
TABLE 53. ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027

($MILLION)...................................................................................................................................................................... 167
TABLE 54. ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)............. 168
TABLE 55. CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ................... 170
TABLE 56. CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ................... 171
TABLE 57. CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) .................. 172
TABLE 58. INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) .................... 174
TABLE 59. INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ..................... 175
TABLE 60. INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) ................... 176
TABLE 61. JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) .................. 178
TABLE 62. JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ................... 179
Global Robotics TABLE 63. JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION).................. 180
Technology TABLE 64. SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ......... 182
Market TABLE 65. SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ......... 183
TABLE 66. SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) ........ 184
and Industry Forecast, TABLE 67. SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027
2020-2027 ($MILLION)...................................................................................................................................................................... 186
24
TABLE 68. SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027
($MILLION)...................................................................................................................................................................... 187
TABLE 69. SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027
($MILLION)...................................................................................................................................................................... 188
TABLE 70. THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ............ 190
TABLE 71. THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)............. 191
TABLE 72. THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) ........... 192
TABLE 73. REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027
($MILLION)...................................................................................................................................................................... 194
TABLE 74. REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027
($MILLION)...................................................................................................................................................................... 195
TABLE 75. REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027
($MILLION)...................................................................................................................................................................... 196
TABLE 76. LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ................. 199
TABLE 77. LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) .................. 200
TABLE 78. LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) ................. 201
Global Robotics TABLE 79. LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)........................ 202
Technology TABLE 80. LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027
Market ($MILLION)...................................................................................................................................................................... 204
TABLE 81. LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027
Opportunity Analysis ($MILLION)...................................................................................................................................................................... 205
2020-2027 TABLE 82. LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027
($MILLION)...................................................................................................................................................................... 206
25
TABLE 83. MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027
($MILLION)...................................................................................................................................................................... 208
TABLE 84. MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027
($MILLION)...................................................................................................................................................................... 209
TABLE 85. MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027
($MILLION)...................................................................................................................................................................... 210
TABLE 86. AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION) ................. 212
TABLE 87. AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION) ................. 213
TABLE 88. AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION) ................ 214
TABLE 89. ABB LTD.: KEY EXECUTIVES ......................................................................................................................................... 222
TABLE 90. ABB LTD.: COMPANY SNAPSHOT ................................................................................................................................ 222
TABLE 91. ABB LTD.: OPERATING SEGMENTS ............................................................................................................................. 223
TABLE 92. ABB LTD.: PRODUCT PORTFOLIO ................................................................................................................................ 224
TABLE 93. DENSO CORPORATION: KEY EXECUTIVES ................................................................................................................. 228
TABLE 94. DENSO CORPORATION: COMPANY SNAPSHOT ........................................................................................................ 229
Global Robotics TABLE 95. DENSO CORPORATION: PRODUCT PORTFOLIO ........................................................................................................ 229
Technology TABLE 96. FANUC CORPORATION: KEY EXECUTIVES .................................................................................................................. 233
Market TABLE 97. FANUC CORPORATION: COMPANY SNAPSHOT ........................................................................................................ 234
TABLE 98. FANUC CORPORATION.: OPERATING SEGMENTS..................................................................................................... 234

and Industry Forecast, TABLE 99. FANUC CORPORATION.: PRODUCT PORTFOLIO........................................................................................................ 235
2020-2027
TABLE 100. FANUC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS .............................................................. 238
TABLE 101. HARRIS CORPORATION: KEY EXECUTIVES ................................................................................................................ 240
26
TABLE 102. KAWASAKI: COMPANY SNAPSHOT ............................................................................................................................ 240
TABLE 103. KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): OPERATING SEGMENTS..................................................... 241
TABLE 104. KAWASAKI: PRODUCT PORTFOLIO ............................................................................................................................. 242
TABLE 105. KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): KEY STRATEGIC MOVES AND DEVELOPMENTS ............. 245
TABLE 106. KUKA AG: KEY EXECUTIVES ......................................................................................................................................... 246
TABLE 107. KUKA AG: COMPANY SNAPSHOT ................................................................................................................................ 247
TABLE 108. KUKA AG: OPERATING SEGMENTS ............................................................................................................................. 247
TABLE 109. KUKA AG: PRODUCT PORTFOLIO ................................................................................................................................ 248
TABLE 110. KUKA AG: KEY STRATEGIC MOVES AND DEVELOPMENTS ...................................................................................... 250
TABLE 111. MITSUBISHI ELECTRIC CORPORATION.: KEY EXECUTIVES ...................................................................................... 252
TABLE 112. MITSUBISHI ELECTRIC CORPORATION.: COMPANY SNAPSHOT ............................................................................ 252
TABLE 113. MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS .......................................................................... 253
TABLE 114. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO ............................................................................. 254
TABLE 115. OMRON CORPORATION.: KEY EXECUTIVES ............................................................................................................... 258
Global Robotics TABLE 116. OMRON CORPORATION: COMPANY SNAPSHOT....................................................................................................... 259
Technology TABLE 117. OMRON CORPORATION: OPERATING SEGMENTS .................................................................................................... 259
Market TABLE 118. OMRON CORPORATION: PRODUCT PORTFOLIO ....................................................................................................... 260
TABLE 119. OMRON CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS ............................................................ 263
and Industry Forecast, TABLE 120. SEIKO EPSON CORPORATION.: KEY EXECUTIVES..................................................................................................... 265
2020-2027 TABLE 121. SEIKO EPSON CORPORATION: COMPANY SNAPSHOT ............................................................................................ 265
TABLE 122. SEIKO EPSON CORPORATION: OPERATING SEGMENTS ......................................................................................... 266
27
TABLE 123. SEIKO EPSON CORPORATION: PRODUCT PORTFOLIO ............................................................................................ 266
TABLE 124. SEIKO EPSON CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS .................................................. 269
TABLE 125. STÄUBLI INTERNATIONAL AG.: KEY EXECUTIVE ........................................................................................................ 270
TABLE 126. STÄUBLI INTERNATIONAL AG: COMPANY SNAPSHOT ............................................................................................. 271
TABLE 127. STÄUBLI INTERNATIONAL AG: PRODUCT PORTFOLIO ............................................................................................. 271
TABLE 128. STÄUBLI INTERNATIONAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS................................................... 272
TABLE 129. YASKAWA ELECTRIC CORPORATION.: KEY EXECUTIVES ........................................................................................ 274
TABLE 130. YASKAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT ................................................................................ 274
TABLE 131. YASKAWA ELECTRIC CORPORATION: OPERATING SEGMENTS ............................................................................. 275
TABLE 132. YASKAWA ELECTRIC CORPORATION: PRODUCT PORTFOLIO ................................................................................ 275
TABLE 133. YASKAWA ELECTRIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS ...................................... 278
Global Robotics
Technology
Market
2020-2027
28
LIST OF FIGURES
FIGURE 01. KEY MARKET SEGMENTS ................................................................................................................................................39
FIGURE 02. GLOBAL ROBOTICS TECHNOLOGY MARKET, 2019-2027 ..........................................................................................45
FIGURE 03. GLOBAL ROBOTICS TECHNOLOGY MARKET, BY REGION, 2019-2027 ....................................................................46
FIGURE 04. ROBOTICS TECHNOLOGY MARKET: TOP IMPACTING FACTOR ..................................................................................47
FIGURE 05. TOP INVESTMENT POCKETS............................................................................................................................................48
FIGURE 06. MODERATE BARGAINING POWER OF SUPPLIERS ......................................................................................................51
FIGURE 07. MODERATE-TO-HIGH BARGAINING POWER OF BUYER ..............................................................................................52
FIGURE 08. MODERATE-TO-HIGH THREAT OF SUBSTITUTES ..........................................................................................................53
FIGURE 09. MODERATE THREAT OF NEW ENTRANTS .....................................................................................................................54
FIGURE 10. MODERATE-TO-HIGH COMPETITIVE RIVALRY ...............................................................................................................55
FIGURE 11. GLOBAL ROBOTICS TECHNOLOGY MARKET, BY COMPONENT, 2019–2027 .........................................................68
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR HARDWARE,
BY COUNTRY, 2019 & 2027 (%) ...................................................................................................................................71
Global Robotics FIGURE 13. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR SOFTWARE,
Technology BY COUNTRY, 2019 & 2027 (%) ...................................................................................................................................74
Market FIGURE 14. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR SERVICES,
BY COUNTRY, 2019 & 2027 (%) ...................................................................................................................................78
and Industry Forecast, FIGURE 15. GLOBAL ROBOTICS TECHNOLOGY MARKET, BY ROBOT TYPE, 2019–2027 ..........................................................80
2020-2027 FIGURE 16. COMPARATIVE SHARE ANALYSIS OF TRADITIONAL INDUSTRIAL ROBOTS TECHNOLOGY MARKET,
BY COUNTRY, 2019 & 2027(%) .....................................................................................................................................83
29
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF COBOTS TECHNOLOGY MARKET, , BY COUNTRY, 2019 &
2027(%) .............................................................................................................................................................................86
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF PROFESSIONAL SERVICE ROBOTS TECHNOLOGY MARKET,
BY COUNTRY, 2019 & 2027(%) .....................................................................................................................................90
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF OTHER ROBOTS TECHNOLOGY MARKET, BY COUNTRY,
2019 & 2027(%) ..............................................................................................................................................................93
FIGURE 20. GLOBAL ROBOTICS TECHNOLOGY MARKET, BY APPLICATION, 2019–2027 .........................................................95
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR MANUFACTURING,
BY COUNTRY, 2019 & 2027(%) .....................................................................................................................................98
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR HEALTHCARE,
BY COUNTRY, 2019 & 2027(%) ................................................................................................................................. 103
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR AEROSPACE &
DEFENSE, BY COUNTRY, 2019 & 2027(%) .............................................................................................................. 107
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR MEDIA &
ENTERTAINMENT, BY COUNTRY, 2019 & 2027(%)................................................................................................. 110
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR LOGISTICS,
BY COUNTRY, 2019 & 2027(%) ................................................................................................................................. 113
Global Robotics FIGURE 26. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR OTHERS, BY COUNTRY,
Technology 2019 & 2027(%) ........................................................................................................................................................... 116
Market FIGURE 27. U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ...................................................... 125
FIGURE 28. CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) .............................................. 129
and Industry Forecast, FIGURE 29. GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ........................................... 139
2020-2027
FIGURE 30. UK ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ........................................................ 143
30
FIGURE 31. SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) .................................................. 147
FIGURE 32. ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ................................................... 151
FIGURE 33. FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ............................................... 155
FIGURE 34. REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) .............................. 159
FIGURE 35. CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) .................................................. 169
FIGURE 36. INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ................................................... 173
FIGURE 37. JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION).................................................. 177
FIGURE 38. SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ........................................ 181
FIGURE 39. SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ................................... 185
FIGURE 40. THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ........................................... 189
FIGURE 41. REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ..................... 193
FIGURE 42. LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ................................. 203
FIGURE 43. MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ..................................... 207
FIGURE 44. AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION) ................................................ 211
Global Robotics FIGURE 45. KEY PLAYER POSITIONING ANALYSIS........................................................................................................................ 216
Technology FIGURE 46. TOP WINNING STRATEGIES, BY YEAR, 2018–2020 ................................................................................................ 218
Market FIGURE 47. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2020 ................................................................................ 219
FIGURE 48. TOP WINNING STRATEGIES, BY COMPANY, 2018-2020......................................................................................... 220

and Industry Forecast, FIGURE 49. R&D EXPENDITURE, 2017–2019 ($MILLION) .......................................................................................................... 224
2020-2027 FIGURE 50. ABB LTD.: REVENUE, 2017–2019 ($MILLION) ......................................................................................................... 225
FIGURE 51. ABB LTD.: REVENUE SHARE BY SEGMENT, 2019 (%) .............................................................................................. 226
31
FIGURE 52. ABB LTD.: REVENUE SHARE BY REGION, 2019 (%) ................................................................................................. 226
FIGURE 53. R&D EXPENDITURE, 2017–2019 ($MILLION) .......................................................................................................... 230
FIGURE 54. DENSO CORPORATION: REVENUE, 2016–2018 ($MILLION) ................................................................................. 231
FIGURE 55. DENSO CORPORATION: REVENUE SHARE BY REGION, 2018 (%) ......................................................................... 232
FIGURE 56. FANUC CORPORATION: REVENUE, 2016–2018 ($MILLION) .................................................................................. 236
FIGURE 57. FANUC CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%) ...................................................................... 237
FIGURE 58. FANUC CORPORATION: REVENUE SHARE BY REGION, 2018 (%) .......................................................................... 237
FIGURE 59. KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): NET SALES, 2016–2018 ($MILLION) .............................. 243
FIGURE 60. KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): REVENUE SHARE BY SEGMENT, 2018 (%) ..................... 244
FIGURE 61. KUKA AG: REVENUE, 2017–2019 ($MILLION) ......................................................................................................... 248
FIGURE 62. KUKA AG: REVENUE SHARE BY SEGMENT, 2019 (%) .............................................................................................. 249
FIGURE 63. KUKA AG: REVENUE SHARE BY REGION, 2019 (%) ................................................................................................. 249
FIGURE 64. MITSUBISHI ELECTRIC CORPORATION: REVENUE, 2018-2020 ($MILLION) ........................................................ 255
FIGURE 65. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%) ........................................... 256
Global Robotics FIGURE 66. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2018 (%) ............................................... 256
Technology FIGURE 67. OMRON CORPORATION: REVENUE, 2016–2018 ($MILLION) ................................................................................ 261
Market FIGURE 68. OMRON CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%) .................................................................... 262
FIGURE 69. OMRON CORPORATION: REVENUE SHARE BY REGION, 2018 (%) ........................................................................ 262
and Industry Forecast, FIGURE 70. SEIKO EPSON CORPORATION: REVENUE, 2017–2019 ($MILLION) ..................................................................... 267
2020-2027 FIGURE 71. SEIKO EPSON CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%) .......................................................... 268
FIGURE 72. SEIKO EPSON CORPORATION: REVENUE SHARE BY REGION, 2018 (%).............................................................. 268
32
FIGURE 73. YASKAWA ELECTRIC CORPORATION: REVENUE, 2017–2019 ($MILLION) ......................................................... 276
FIGURE 74. YASKAWA ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%) .............................................. 277
FIGURE 75. YASKAWA ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2019 (%) ................................................. 277
Global Robotics
Technology
Market
2020-2027
33
CHAPTER 1: INTRODUCTION
1.1. Report description
Robotics technology is the blend of computer application and machine tools design to perform various task
such as manufacturing, designing and other application of robots. In addition, use of robotics technology helps
companies with various advantages such as increasing productivity of the organization, reducing human errors,
automating the entire process and enhancing the quality of the work. Robotics technology is used in a wide
range of industries including healthcare, defense, aerospace, automotive and infrastructure.
Robots are used for numerous activities encompassing assembling products, detecting and defusing bombs,
surgical operations, product inspection, space missions, cleaning and household chores. Furthermore, various
industries across the globe are adopting robotics technology for carrying out repetitive task and time-
consuming task efficiently. In addition, manufacturers increasingly prefer process automation owing to the rise
in labor costs and the need to increase productivity thus driving the growth of the market.
Rise in need for automation and safety in organization and availability of affordable, energy efficient robots
Global Robotics drive the growth of the market. In addition, rising labor & energy costs and increase usage of robotics
Technology technology in different industry vertical fuels the growth of the market.
Market However, high initial cost of the robots and lack of awareness among the SMEs hampers the growth of the
Opportunity Analysis market. Furthermore, growth in adoption of robotics technology in emerging economies and increase use in
adverse applications are expected to provide lucrative opportunities for the growth of the market.
2020-2027
34
Although the robotics technology market has witnessed significant growth in past few years, the market is
projected to exhibit a slight downfall in 2020, due to the outbreak of the COVID-19 pandemic. This is attributed
to the implementation of lockdown by governments in majority of the countries and ban on travel to prevent
the transmission of virus.
The robotics technology market is projected to prosper in the upcoming years after the recovery from the
COVID-19 pandemic. Various industries such as supply chain, manufacturing, and healthcare are adopting
robots to work instead of humans to reduce the impact of the virus and to enhance their market share, which
is anticipated to provide lucrative opportunity for the market expansion during the forecast period.
The global robotics technology market is segmented on the basis of component, robot type, application and
region. In terms of component, it is bifurcated into hardware, software and services. Based on type of robots,
the market is segmented into industrial robots, service robots and mobile robots. In terms of application, the
market is segmented into healthcare, defense and security, automotive, aerospace, infrastructure, industrial and
residential. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the robotics technology market analysis are ABB Ltd, Denso Corporation, Fanuc
Global Robotics Corporation, KUKA AG, Kawasaki Robotics (Kawasaki Heavy Industries, Ltd.), Mitsubishi Electric Corporation,
Technology OMRON Corporation, Seiko Epson Corporation, Stäubli International AG and Yaskawa Electric Corporation.
Market These players have adopted various strategies to increase their market penetration and strengthen their position
Opportunity Analysis in the industry.
2020-2027
35
1.2. Key benefits for stakeholders
 The study provides an in-depth analysis of the global robotics technology market along with the
current & future trends to elucidate the imminent investment pockets.
 Information about key drivers, restrains, and opportunities and their impact analysis on the market size
is provided in the report.
 Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
 The quantitative analysis of the global robotics technology market for the period 2019–2027 is provided
to determine the market potential.
1.3. Key market segments

By Component
 Hardware
 Software
 Service
Global Robotics
By Robot Type
Technology
 Traditional Industrial Robots
Market
 Cobots
and Industry Forecast,  Professional Service Robots
2020-2027  Others
36
By Application
 Manufacturing
 Healthcare
 Aerospace & Defense
 Media & Entertainment
 Logistics
 Others
By Region
 North America  Asia-Pacific
o U.S. o China
o Canada o India
 Europe o Japan
o Germany o Singapore
o UK o South Korea
o Thailand
Global Robotics o Spain
Technology o Italy o Rest of Asia-Pacific
Market o France  LAMEA
o Rest of Europe o Latin America

and Industry Forecast, o Middle East
2020-2027 o Africa
37
Key Market Players
 ABB Ltd
 Denso Corporation
 Fanuc Corporation
 Kawasaki Robotics (Kawasaki Heavy Industries, Ltd.)
 KUKA AG
 Mitsubishi Electric Corporation
 OMRON Corporation
 Seiko Epson Corporation
 Stäubli International AG
 Yaskawa Electric Corporation
Global Robotics
Technology
Market
2020-2027
38
FIGURE 01. KEY MARKET SEGMENTS
• Traditional Industrial Robots

• Cobots
• Professional Service Robots
• Others
By By
• Hardware Type Application
• Software • Manufacturing
• Service • healthcare
• Aerospace & Defense
• Media & Entertainment
By By • Logistics
Component Region • Others
• North America
Global Robotics • Europe
Technology • Asia-Pacific
• LAMEA
Market
Source: AMR Analysis
2020-2027
39
1.4. Research methodology
With a collective industry experience of about 100 years of its analysts and experts, Allied Market Research
(AMR) implements the most infallible research methodology for its market intelligence and industry analysis.
Not only does the company dig deep into the innermost levels of the market, but also examines the minutest
details for its market estimates and forecasts.
This approach helps in building a greater, market-specific view for size, shape, and industry trends within each
industry segment. We carefully factor in the industry trends and real developments for identifying key growth
factors and estimate the future course of the market. The research proceeds are the resultant of high-quality
data, expert views and analysis, and high value independent opinions. Our research process is designed to
deliver a balanced view of the global markets and allow stakeholders to make informed decisions to attain their
highest growth objectives.
Allied Market Research offers its clients exhaustive research and analysis based on wide variety of factual inputs,
which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-
house industry experts play an instrumental role in designing analytic tools and models, tailored to the
Global Robotics requirements of the particular industry segment. These analytical tools and models distill the data & statistics
Technology and enhance the accuracy of our recommendations and advice.
Market
2020-2027
40
With AMR’s calibrated research process and 360° data-evaluation methodology, the clients are assured of
receiving:
 Consistent, valuable, robust, and actionable data & analysis that can easily be referenced for strategic
business planning.
 Technologically sophisticated and reliable insights through a well-audited and veracious research
methodology.
 Sovereign research proceeds that present a tangible depiction of the marketplace.
This strong research methodology ensures that AMR’s research and analysis is most reliable and guarantees
sound business planning.
The research methodology of global robotics technology market involves extensive primary and secondary
research. Primary research includes about 18 hours of interviews and discussions (telephonic, face-to-face,
emails, and others), with a wide range of stakeholders including upstream and downstream participants. Primary
research typically forms the bulk of the research efforts, but is also, coherently supported by extensive secondary
research.
Global Robotics
Technology Over 3,700 product literatures, industry releases, annual reports, and other such documents of key industry
Market participants have been reviewed to obtain a better market understanding and gain competitive intelligence. In
Opportunity Analysis addition, authentic industry journals, trade associations’ releases, and Public Sector websites were also reviewed
and Industry Forecast, for generating high-value industry insights.
2020-2027
41
1.4.1. Secondary research
A broad array of secondary research includes:
 Company SEC filings, annual reports, company websites, broker & financial reports and investor
presentations for a competitive scenario and shape of the industry.
 Patent and regulatory databases for understanding of technical & legal developments.
 Scientific and technical writings for product information and related preemptions.
 Regional Public Sector and statistical databases for macro-analysis.
 Authentic news articles, web-casts, and other related releases, for market evaluation.
 Internal and external proprietary databases, key market indicators, and relevant press releases for
market estimates and forecast.
1.4.2. Primary research

The primary research includes reaching out to participants through emails, telephonic-conversations, referrals,
professional networks, and formal interactions. AMR has professional relations with various companies that
Global Robotics allow for greater flexibility in reaching out to industry participants and commentators for interviews and
Technology discussions. The aforementioned helps to:
Market  Validate and improve the data quality and strengthen research proceeds
Opportunity Analysis  Develop market understanding and expertise
2020-2027  Supply authentic information about market size, share, growth, and forecast
42
The primary research interview and discussion panels comprise experienced industry personnel. These
participants include, but are not limited to:
 Chief executives and VPs of leading corporations specific to the industry

 Product and sales managers or country heads; channel partners and top-level distributors; BFSI,
investments and valuation experts
 Key opinion leaders (KOLs)
1.4.3. Analyst tools & models

Corresponding to markets, where there is significant lack of information and estimates, analyst tools and
industry models assist to interpret qualitative and quantitative industry indicators to obtain market estimates.
These models examine the prospects and opportunities that are predominant in the market.
Global Robotics
Technology
Market
2020-2027
43
CHAPTER 2: EXECUTIVE SUMMARY
The global robotics technology market size was valued at $62,751.49 million in 2019 and is projected to reach
$189,362.74 million by 2027, growing at a CAGR of 16.2% from 2020 to 2027. Robotics technology are used by
various industries for developing machines which can substitute humans and replicate human work.
Numerous benefits provided by the robotics technology include safety at workplace, increasing the speed of
the work and enhancing the productivity of the organization. In addition, various industries are adopting
robotics technology to increase their production and profit margin as robots can complete tasks faster.
Moreover, rise in need for automation and safety in organization and availability of affordable, energy efficient
robots drive the growth of the market. In addition, rising labor & energy costs and increase usage of robotics
technology in different industry vertical fuels the growth of the market.
However, high initial cost of the robots and lack of awareness among the SMEs hampers the growth of the
market. Furthermore, growth in adoption of robotics technology in emerging economies and increase use in
adverse applications are expected to provide lucrative opportunities for the growth of the market.
Global Robotics
The outbreak of the COVID-19 pandemic has a significant impact on trade. For instance, as coronavirus cases
Technology
continue to increase at an alarming rate across the globe, many countries have realized that their supply chains
Market
are dependent on others. Supply chains that have been disrupted include hardware components of robots.
Opportunity Analysis Thus, the robotic technology market is experiencing supply shortages or halted shipments of these components
2020-2027 around the world, as workforce is reduced and nonessential businesses have stopped operations.
44
The impact is majorly seen in Germany, where majority of the hardware components are produced, and
subsequently rippled out to rest of Europe. However, some countries may choose to start manufacturing these
components domestically in the future to be better prepared for new outbreaks.
FIGURE 02. GLOBAL ROBOTICS TECHNOLOGY MARKET, 2019-2027
REVENUE-2019 FORECAST-2027 CAGR

SEGMENT SUBSEGMENT
($Million) ($Million) (2020-2027)
Hardware 46,750.03 1,29,415.24 14.90%
By Component Software 6,637.23 23,941.98 18.80%
Service 9,364.23 36,005.52 19.70%
Traditional Industrial Robots 48,820.39 1,11,146.00 12.10%
Cobots 824.52 6,619.82 30.10%

By Type
Professional Service Robots 9,236.65 53,470.04 25.50%
Others 3,869.92 18,126.88 22.50%
Manufacturing 49,045.36 1,41,668.29 15.50%
healthcare 3,081.85 12,048.11 19.90%
Global Robotics By Application

Aerospace & Defence 1,343.58 4,991.90 19.20%
Technology Media & Entertainment 1,446.18 5,193.47 18.70%
Market Logistics 3,791.21 11,976.31 16.80%
Others 4,043.30 13,484.66 17.60%

Opportunity Analysis Source: AMR Analysis
2020-2027
45
FIGURE 03. GLOBAL ROBOTICS TECHNOLOGY MARKET, BY REGION, 2019-2027
REVENUE-2019 FORECAST-2027 CAGR

REGION COUNTRY
($Million) ($Million) (2020-2027)
U.S. 6,139.19 17,969.37 15.70%
North America
Canada 405.79 1,534.99 19.50%
Germany 3,972.49 8,766.37 11.70%
UK 342.44 788.5 12.30%
Spain 787.72 1,991.15 13.60%

Europe
Italy 1,456.77 3,520.35 12.90%
France 862.31 2,256.64 14.10%
Rest of Europe 3,879.82 9,225.66 12.70%
China 22,892.15 65,350.11 15.40%
India 715.38 3,789.98 24.40%
Japan 8,210.03 25,243.98 16.40%
Asia-Pacific Singapore 639.63 3,086.13 23.00%
South Korea 5,622.04 20,641.86 19.00%

Global Robotics Thailand 492.35 2,504.10 23.80%
Technology Rest of Asia-Pacific 3,509.57 14,740.32 21.00%
Market Latin America 1,604.21 43,16.22 14.50%
LAMEA Middle East 1,062.6 31,20.05 15.80%

Africa 157.00 516.96 17.40%
2020-2027 Source: AMR Analysis
46
2.1. Key findings
2.1.1. Top impacting factors
The market top impacting factors include rise in need for automation and safety in organization and availability
of affordable, energy efficient robots drive the growth of the market. In addition, rising labor & energy costs
and increase usage of robotics technology in different industry vertical fuels the growth of the market. However,
high initial cost of the robots and lack of awareness among the SMEs hampers the growth of the market.
Furthermore, growth in adoption of robotics technology in emerging economies is expected to provide lucrative
opportunities for the growth of the market.
Following are the key factors affecting the global robotics technology market.
FIGURE 04. ROBOTICS TECHNOLOGY MARKET: TOP IMPACTING FACTOR
Rise in need for automation and safety

in organizations
10
Upsurge in adoption of robotics Availability of affordable and energy
technology in emerging countries 5 efficient robots
Global Robotics 0
Technology Lack of awareness among SMEs
Increase usage of robots in several
industries
Market
High implementation cost Surge in labor and energy cost
2020-2027 2019 2027
Source: Primary & Secondary Research, and AMR Analysis
47
2.1.2. Top investment pockets
The graph below depicts the top investment pockets with respect to the growth rate and market attractiveness.
It is evident from the figure that the Asia-Pacific is the top investment pocket for the global robotics technology
market, owing to the various rising adoption of robotics technology in manufacturing sector of developing
nations mainly in China and India.
FIGURE 05. TOP INVESTMENT POCKETS

High
Market Growth
Asia-Pacific
LAMEA North America
Global Robotics Europe

Low
Technology
Market Low Market Attractiveness High
Source: Primary & Secondary Research, and AMR Analysis
2020-2027
48
2.2. CXO perspective
In accordance with several interviews that were conducted of the top level CXOs, the adoption of robotics
technology has increased over the time due to the rising demand for automation in different industries such as
manufacturing and healthcare sector.
In addition, major players in the market are developing affordable, small, compact and energy efficient robotics
solutions to reach a wider customer base. Furthermore, many small and medium size enterprises are adopting
for efficient and better functioning of their organizations. In addition, different vendors in the market are
developing specialized low cost and energy efficient robotics solutions for SMEs, which will enhance the
adoption of robotics.
According to the CXOs of the leading companies, increase in economic strength of developing nations such as
China, India, Indonesia, Thailand, and others is expected to provide lucrative opportunities for the market
growth. North America is expected to dominate the market during the forecast period. Moreover, the emerging
countries in Asia-Pacific and Latin America are projected to offer significant growth opportunities during the
forecast period.
Global Robotics
The global players are focusing toward product development and increasing their geographical presence, owing
Technology
to growing competition among local vendors in terms of features, quality, and price. In addition, these players
Market
are adopting various business strategies to enhance their product offerings and strengthen their foothold in
Opportunity Analysis the market. For instance, in November 2019, ABB Ltd collaborated with B&R for developing a fully integrated
2020-2027 machine centric robotics solution which will enable manufacturers to embrace the trend of mass customization
and optimize their lot size one processes.
49
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
Robotics technology is the intersection of technology, engineering, and science for producing machines called
robots, which are used to replicate human actions. The key objective of the robotics technology is to enhance
the performance of the organization and to produce better outcome. Robotics technology finds its wide range
of application in various industry verticals, which include healthcare, domestic, agriculture, manufacturing, and
others.
Rise in need for automation and safety in organization and availability of affordable, energy efficient robots
drive the growth of the market. In addition, rise in labor & energy costs and increase in usage of robotics
technology in different industry verticals fuel the growth of the market. However, high initial cost of the robots
and lack of awareness among the SMEs hamper the market growth. Furthermore, growth in adoption of robotics
technology in emerging economies and increase in use of this technology in adverse applications are expected
to provide lucrative opportunities for the growth of the market.
Global Robotics This report features information on offered by key vendors. Furthermore, it highlights the strategies of key
Technology players to improve the market share and sustain competition. Key players operating in the market include ABB
Market Ltd, Denso Corporation, Fanuc Corporation, KUKA AG, Kawasaki Robotics (Kawasaki Heavy Industries, Ltd.),
Mitsubishi Electric Corporation, OMRON Corporation, Seiko Epson Corporation, Stäubli International AG, and
and Industry Forecast, Yaskawa Electric Corporation.
2020-2027
50
3.2. Key forces shaping global robotics technology market
The degree of industry attractiveness in the robotics technology market is analyzed on the basis of impact of
five major forces on the market. Porter’s five forces analysis includes the impact of suppliers, industry rivals, new
entrants, substitute products, and buyers on the market growth.
FIGURE 06. MODERATE BARGAINING POWER OF SUPPLIERS
Determinant
Determinant Determinant Impact on Market
Strength
LOW MODERATE HIGH
No. of Suppliers Moderate
Product Differentiation Moderate
Switching Cost Moderate
Product Quality Moderate
Global Robotics Forward Integration Low

Technology
Market Source: AMR Analysis
2020-2027
51
FIGURE 07. MODERATE-TO-HIGH BARGAINING POWER OF BUYER
Determinant
Strength
LOW MODERATE HIGH
No. of Buyers High
Purchase Quantity Moderate
Switching Cost Moderate
Product Dependency High
Backward Integration Moderate
Global Robotics
Technology
Market
2020-2027
52
FIGURE 08. MODERATE-TO-HIGH THREAT OF SUBSTITUTES
Determinant
Strength
LOW MODERATE HIGH
Product Differentiation Low
Price War Moderate
Ease of Substitution High
Brand Loyalty Moderate
Global Robotics
Technology
Market
2020-2027
53
FIGURE 09. MODERATE THREAT OF NEW ENTRANTS
Determinant
Strength
LOW MODERATE HIGH
Investment Cost High
Legal Barriers Moderate
Government Policies Moderate
Demand Potential Moderate
Brand Loyalty Moderate
Global Robotics
Technology
Market
2020-2027
54
FIGURE 10. MODERATE-TO-HIGH COMPETITIVE RIVALRY
Determinant
Strength
LOW MODERATE HIGH
No. of Players High
Economic Base Moderate
Strategies High
Innovation High
Growth Rate Moderate
Supply-Demand Gap Low
Exit Barriers Moderate

Global Robotics
Technology
Market
2020-2027
55
3.3. Case studies
3.3.1. Case study 1
Titan Watches
Institution name Titan Watches
Titan Co. Ltd. manufactures & retails jewelry and watches. It also produces perfume for men and
Background
women.
The requirement of Titan Co. Ltd was to integrate a four-axis robot to speed up their manufacturing
Intended outcome(s)
line process and to increase the efficiency of the production process.
Titan is a manufacturer of watches. The company’s watch case manufacturing unit involves a process
of handling watchcases and machining component connections. This process of loading parts is
Challenges manual, which restricted the production speed as the operators could load and unload the parts
continually for only a period of three hours. This repetitive task required skilled labor, which reduced
the efficiency of the production process.
Titan Watches implemented Adept technologies four axis robotic solution for increasing the efficiency
Established practice
of their manufacturing unit and to produce faster outcomes.
Titan integrated Adept Cobra four-axis robot (Adept Cobra i600), along with AdeptSightvision system
into their manufacturing line system. This integration enabled Titan to automate their manufacturing
Conclusions and recommendations process using internal resources, sample program and online help. This full automation of the
manufacturing process enabled the company to double their production volume from 750 pieces to
Global Robotics 1500 pieces, processed per eight-hour shift.
Technology
Market
2020-2027
56
3.3.2. Case study 2
Novi System Ltd
Institution name Novi System Ltd
Novi System Ltd designs, manufactures and distributes inhaler testing devices for the healthcare
Background industry. In addition, it is a trusted provider of test instrumentation for other pharmaceutical dosage
forms.
Novi Systems Ltd implemented Epson robots for determining the accurate dosage of drugs through
Intended outcome(s) inhalers. In addition, the robots helps in material handling and developed a work cell for testing
inhalers and recording the results
Patients suffering from respiratory problems, use inhalers. They dispense airborne pharmaceutical
drugs. It is of utmost importance to deliver accurate dosage to the patient as it contains toxic content.
Challenges Pharmaceutical companies perform testing on these inhalers to make sure accurate dosage is
delivered to the patient. Operators do this testing, giving rise to human errors. This process is labor
intensive and time consuming.
Novi System Ltd implemented Epson robots in the healthcare industry for reducing the human error
Established practice
and providing better as well as faster result to the company.
The Company purchased EPSON robot for material handling and developed a work cell for testing
inhalers and recording the results. This has enabled the company to automate its process of material
handling, testing, recording results and equipment cleaning. The robot performs the task of picking
up, weighing it, and preparing the dose. The robot checks the weight again after filling it with drugs to
Conclusions and recommendations
check the quantity of drugs put into the inhaler. This ensures that accurate amount of dosage is
Global Robotics delivered to the patient. This process automation has enabled the company to increase its testing
Technology throughput by 500%, reduce labor cost and faster test results, better quality, less material wastage
and enhanced safety
2020-2027
57
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in need for automation and safety in organizations
There has been a high demand for automation. Companies are automating their manufacturing processes to
reduce cost, save time, and deliver better quality products. With stiff competition existing in the global market,
companies are automating their processes for better quality and increased productivity. The robots automate
their internal processes and reduce the workload of employees, working in collaboration with them for higher
efficiency. With stringent safety regulations, companies are now employing robots for dangerous and hazardous
environments. Automation of manufacturing processes was earlier restricted to only the automotive sector.
Now, industries like healthcare, defense & security, aerospace, and food & beverage also adopt robotics
solutions.
3.4.1.2. Availability of affordable and energy efficient robots

With the competition becoming fierce in the global market, players are coming up with low-cost and high-
quality robots. The advancements in technology enable developers to design new innovative products while
Global Robotics maintaining the affordability of the product. The recently developed robots are energy efficient and designed
Technology to serve specific applications. These robots are low cost, which increases its acceptance by small and medium
Market businesses. These robotic solutions target SMEs to cater to their specialized demands. Furthermore, various
manufacturing sectors across the globe are adopting energy efficient robots to assist their employees in doing
and Industry Forecast, critical tasks without any interruption.
2020-2027
58
3.4.1.3. Increase usage of robots in several industries
Earlier, use of robots, was only limited to the automotive and manufacturing sector. However, with the
availability of customized solutions, industries including healthcare, defense & security, aerospace, education,
food & beverage, domestic, and electronics are adopting robotics technology, to enhance their efficiency. There
is an increase in the demand and sales from the healthcare sector for tele-surgery and care for the elderly and
disabled people. The defense & security sector also implements robotics at a high pace for bomb diffusion,
mine detection, and monitoring. In the coming years, robotics technology is expected to be used for different
applications. This is anticipated to boost the growth of the market.
3.4.1.4. Rise in labor and energy cost

With ever-increasing costs of labor, companies are turning to adoption of robots in different industries such as
manufacturing and automotive to save their labor charges. In addition, with the adoption of robotics technology
companies can deliver high quality products and eliminate chances of human errors. Furthermore, various
manufacturing industries need high consumption of energy and plan to reduce the cost of energy by adopting
robotics technology, which drives the growth of the market. Though, the initial cost of the robotics technology
is high, it enables companies to efficiently manage their processes, while reducing their expenditure in the end.
Global Robotics
Rise in costs is expected to have a lower impact on the market in the future due to advancements in technology.
Technology
Market
2020-2027
59
3.4.2. Restraints
3.4.2.1. High implementation cost
High installation cost and the integration capabilities required for the initial set up of robots act as a restraining
factor for companies to adopt robotics. The initial investment and the maintenance cost of employing robotic
systems is high due to the integration of high-quality hardware with efficient software control system. The large
amount of initial investments limit the use of robotics to heavy manufacturing firms. The robotic systems are
used majorly in the automotive industry. SMEs are hesitant to adopt robotic solutions due to the high set-up
and maintenance costs.
3.4.2.2. Lack of awareness among the SMEs

The large segment of small & medium sized businesses is not aware about the advantages of robotic solutions
and automation. Moreover, the SMEs consider robotics solution expensive, complex, and selectively applicable,
as they are applied only in large manufacturing units. The cost of robots and system integration for SMEs needs
to be reduced. SMEs can increase their production immensely with the help of robots. With increased
production, labor costs can be saved as high quality products are delivered in lesser time. However, lack of
awareness, limits the use of robotics technology.
Global Robotics
Technology
Market
2020-2027
60
3.4.3. Opportunity
3.4.3.1. Growth in adoption of robotics technology in emerging countries
Emerging economies are slowly adopting robotics technology. Use of robotics technology is expected to enable
these economies to grow at a fast pace and increase their production capabilities. Use of robotics in healthcare,
agriculture, and food & beverage further enhance the infrastructure of these economies. These economies
provide a huge growth opportunity for the market.
Furthermore, adoption of artificial intelligence (AI) robots by developing nations in various industries such as
manufacturing, and agriculture provides lucrative opportunity for the market. For instance, according to a survey
conducted by the International Federation of Robotics in China in 2017, the demand for industrial robots is
expected to increase by more than 250,000 units per year concentrated in production of cars, electronics, and
new machinery.
Moreover, there is an increase in the demand for industrial robots in developing nations such as India and China
due to the ongoing trend toward automation and continued innovative technical improvements in industrial
robots.
Global Robotics
Technology
Market
2020-2027
61
3.5. COVID-19 impact analysis on robotics technology market
3.5.1. Impact on market size
The current estimation of 2027 is projected to be lower than pre-COVID-19 estimates. Prior to COVID-19,
revenue of the robotics technology market was estimated to be $70.26 billion in 2020; however, the pandemic
has severely affected the market growth. It registered a decrease in its year-on-year growth rate, and is expected
to reach $66.28 billion in 2020. Moreover, the market is expected to recover from mid-2021 and will be
struggling with a slow growth rate; however, it is likely to recover in the upcoming years, owing to surge in
adoption of robotics technology in various organizations to help safeguard people from the global pandemic
situation.
The robotics technology market has witnessed significant growth in past few years; however, due to the
outbreak of the COVID-19 pandemic, the market is projected to witness a slight downfall in 2020. This is
attributed to implementation of lockdown by governments in majority of the countries and the shutdown of
schools, colleges, offices, and other organizations to prevent the transmission of virus.
The robotics technology market is projected to prosper in the upcoming years after the recovery from the
Global Robotics COVID-19 pandemic. Furthermore, various supply chain industry across the globe are adopting robotics
Technology technology to contact directly to their customers and to increase their market share without coming in contact
Market with the virus. Moreover, various countries across the globe are adopting robotics technology for the healthcare
Opportunity Analysis sector to train their doctors and students for fighting the COVID-19 pandemic. In addition, various governments
and Industry Forecast, across the globe are adopting robotics technology to treat COVID-positive patients to reduce the human
2020-2027
contact, which is driving the growth of the market.
62
For instance, in April 2020, the Indian Government in Delhi deployed a humanoid robot in the AIIMS hospital
to disinfect the floor and to reduce the human contact.
Moreover, companies across the globe are introducing and inventing new technologies for manufacturing in
the energy & utility industry to automate operations, which can help in increasing their profit and market share.
In addition, businesses are focusing on long-term strategies to improve inventory fulfillment process through
automation and robotics in warehouses. .
This will eliminate some of the risk of slowdowns or shutdowns that arise when workforce is not permitted onto
the worksite. As per the AMR analysis, the robotics technology market is likely to recover the loss incurred and
be profitable by fourth quarter of 2021. In addition, while estimating the market size, AMR has considered the
impact of COVID-19 on each country, and the estimated number is completely dependent on the current
situation in each country. However, there is still no clarity on the deeper impact that it is having across
businesses, industrial sector, and organizations due to factors such as continuously increasing number of
COVID-19 patients with different rate and changing lockdown period.
3.5.2. Consumer trends, preferences, and budget impact

Global Robotics
Rise in number of patients across the globe have led to a significant increase in the adoption of robotics
Technology
technology market, owing to the closing of work places and upsurge in the use of robotics technology in
Market
different sector such as manufacturing, retail, and healthcare. In addition, various industries across the globe
Opportunity Analysis are adopting robotics technology to increase the productivity of companies and to reduce human errors as well
2020-2027 as to minimize human contact in the pandemic situation. Various countries are adopting robot cleaners to
reduce the effect of the virus.
63
For example, many grocery stores, restaurants, and major retailers have adopted robot cleaners that use UV-
based tools to destroy bacteria and viruses. Robot-powered delivery services—which use self-driving cars and
drones to deliver groceries and medicine—have witnessed major upticks in requests. Some business owners
have even reported a positive change in perception about these autonomous tools.
3.5.3. Regulatory framework

The coronavirus pandemic can contribute to trade changes. For instance, as coronavirus continues to impact
the global economy, many countries are recognizing that their supply chains are dependent on others. Supply
chains that have been disrupted include hardware components of the robotics technology. Some countries may
choose to start manufacturing these components domestically in the future to be better be prepared for new
outbreaks of diseases.
The robotics technology market is experiencing supply shortages or halted shipments of these components
around the globe, as workforce is not permitted onto the worksite and nonessential businesses have stopped
operations. The impact is majorly seen in the Germany, where majority of the hardware components are
produced, and then rippled out to rest of Europe.
Global Robotics
The COVID-19 outbreak has resulted in slowdown in production and unavailability of certain components, which
Technology
have extended release time of new components, thereby leading to changes in trade laws across the globe.
Market
2020-2027
64
3.5.4. Economic impact
The COVID-19 pandemic continues to transform the growth of different industry verticals, and the immediate
impact of the COVID-19 outbreak is varied. Some of the industries will register decline in growth, while others
will continue to remain unscathed and will show promising growth opportunities in the upcoming years. The
COVID-19 pandemic is expected to impact the overall economy and transport infrastructure. In addition, some
of the industries such as manufacturing and automotive industries, which contribute to major share in GDP in
some of the regions, such as Europe, are anticipated to witness downfall due to complete shutdown of these
sectors, eventually impacting their spending on advanced technologies such as machine learning (ML) and
artificial intelligence (AI).
3.5.5. Key player strategies to tackle negative impact

Key players operating in the market are facing the negative impact of the COVID-19 outbreak but it is lesser as
compared to other industries, and are experiencing fall in their revenue. In addition, many companies such as
ABB Ltd, Denso Corporation, and Fanuc Corporation have implemented different strategies to improve their
market size and to reduce the loss occurred due to the pandemic situation. For instance, in March 2020, ABB
partnered with Covariant AI technology to develop and integrate AI-enabled robots, which will help provide
Global Robotics
intelligent robots to work alongside humans in dynamic environments, collectively learning and improving with
Technology
every task completed. However, many companies are investing heavily in robotics technology models to reduce
Market
the impact of the situation and to gain profit from the pandemic situation.
2020-2027
65
3.5.6. Opportunity window
Although the COVID-19 outbreak will negatively impact the growth of the market, the industry is expected to
recover by the third quarter of 2020. This is attributed to significant investment in advanced technologies such
as AI & ML and surge in need for safety and automation systems in organizations across the globe.
In addition, with the availability of customized solutions, industries, including healthcare, defense & security,
aerospace, education, food & beverage, domestic, and electronics are adopting robotics technology, to enhance
their efficiency. Furthermore, adoption of AI robots by developing nations in various industries such as
manufacturing and agriculture provides lucrative opportunity for the market.
For instance, KUKA AG in February 2020 launched second generation of KR QUANTEC foundry robots to bring
more flexibility and even better performance in the KUKA AG robots. Moreover, increase has been witnessed in
the demand for industrial robots in the developing nations such as India and China due to the ongoing trend
toward automation and continuous innovative technical improvements in industrial robots, which are anticipate
to contribute toward the growth of the global robotics market during the forecast period.
Global Robotics
Technology
Market
2020-2027
66
CHAPTER 4: ROBOTICS TECHNOLOGY MARKET, BY COMPONENT
4.1. Overview
By component, the robotics technology market is categorized into hardware, software, and service.
The global robotics technology market was valued at $62,751.49 million in 2019, and is projected to reach
$189,362.74 million by 2027, registering a CAGR of 16.2% from 2020 to 2027. The hardware segment was the
highest contributor to the market, with $46,750.03 million in 2019, and is estimated to reach $129,415.24 million
by 2027, at a CAGR of 14.9% during the forecast period.
The service segment is estimated to reach $36,005.52 million by 2027, at a CAGR of 19.7%. The hardware and
service segments collectively accounted for around 89.4% market share in 2019, with the former constituting
around 74.5% share. The service and software segments are expected to witness significant CAGRs of 19.7%
and 18.8%, respectively, during the forecast period. The cumulative share of these two segments was 25.5% in
2019, and is anticipated to reach 31.7% by 2027.
Global Robotics
Technology
Market
2020-2027
67
FIGURE 11. GLOBAL ROBOTICS TECHNOLOGY MARKET, BY COMPONENT, 2019–2027
129,415.24 2019 2027
36,005.52
46,750.03
23,941.98
6,637.23 9,364.23
Hardware Software Service

TABLE 01. GLOBAL ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 46,750.03 48,871.95 55,630.60 63,492.98 72,696.98 83,520.33 96,323.65 1,11,476.23 129,415.24 14.9%
Global Robotics Software 6,637.23 7,182.04 8,458.39 9,983.89 11,817.25 14,029.93 16,715.01 19,976.68 23,941.98 18.8%
Technology
Market
Services 9,364.23 10,230.40 12,157.95 14,473.98 17,271.28 20,663.43 24,798.50 29,844.15 36,005.52 19.7%
Total 62,751.49 66,284.39 76,246.94 87,950.84 101,785.51 118,213.69 137,837.16 161,297.05 189,362.74 16.2%
Opportunity Analysis Source: AMR Analysis
2020-2027
68
4.2. Hardware
Hardware robot is a type of heterogeneous system consisting of different fundamental devices, components,
and control panels that are installed on a particular hardware for concurrently executing special tasks. The basic
hardware components of a robot include sensors, controllers, effectors, power supply, and actuators. Depending
on the tasks performed by the robot, the hardware components are customized to deliver specific services.
4.2.1. Key market trends, growth factors, and opportunities

Asia-Pacific and Europe collectively accounted for around 84.7% share of the robotics technology market for
hardware in 2019, with the former constituting around 66.7% share. Asia-Pacific and North America are expected
to witness significant CAGRs of 15.8% and 14.8%, respectively, during the forecast period. The cumulative share
of these two segments was 77.3% in 2019, and is anticipated to reach 81.6% by 2027.
The basic structure of a robot comprises of sensors, controllers, effectors, power supply, and actuators. Sensors
enable robots to gain information about the surroundings and environments. Image sensors provide a visual
representation of the environment, which enables the robot to determine attributes and perform tasks,
accordingly. Microphones are used in robots to detect sounds and respond accordingly. Furthermore,
Global Robotics components used to build up a robot determine its quality and performance.
Technology
Market There is stiff competition to develop new high quality and efficient products owing to a large number of
manufacturers offering robotic hardware components in the market. Advancements of technologies help
companies develop tight and compact components, which enable users to save cost and space. Vendors in the
2020-2027 market have developed small and compact components, which increase the efficiency of robotic systems.
Players in the market are expected to explore emerging technologies such as modular components to meet the
69
specific requirements of the customers. The hardware market of robotics technology has been majorly impacted
by the COVID-19 pandemic, owing to the closing of hardware manufacturing industries and rise in gap between
the supply & demand side. In addition, high initial cost of hardware component and rise in installation cost of
robotic hardware are the major factors, which are likely to restrain the growth of the market.
4.2.2. Market size and forecast, by region

The robotics technology market for hardware was valued at $46,750.03 million in 2019, and is projected to reach
$129,415.24 million by 2027, growing at a CAGR of 14.9% from 2020 to 2027. Asia-Pacific was the highest
contributor with $31,168.72 million in 2019, and is anticipated to reach $91,955.13 million by 2027, registering
a CAGR of 15.8%.
TABLE 02. ROBOTICS TECHNOLOGY MARKET REVENUE FOR HARDWARE, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North
4,985.20 5,205.06 5,917.62 6,745.73 7,714.21 8,852.01 10,196.70 11,786.61 13,667.04 14.8%
America
Europe 8,440.44 8,580.24 9,489.83 10,514.86 11,677.03 12,999.50 14,512.36 16,239.80 18,208.15 11.3%
Global Robotics Asia-
Technology Pacific
31,168.72 32,851.22 37,699.13 43,375.11 50,061.13 57,972.00 67,386.63 78,597.92 91,955.13 15.8%
Market LAMEA 2,155.66 2,235.44 2,524.02 2,857.28 3,244.61 3,696.83 4,227.96 4,851.90 5,584.92 14.0%
Total 46,750.03 48,871.95 55,630.60 63,492.98 72,696.98 83,520.33 96,323.65 111,476.23 129,415.24 14.9%
and Industry Forecast, Source: AMR Analysis
2020-2027
70
4.2.3. Market analysis, by country
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR HARDWARE, BY COUNTRY,
2019 & 2027 (%)
34.60% 2019 2027

36.52%
13.08% 10.77%
9.74% 7.72%
1.98% 1.30% 1.67%
0.82% 4.68% 4.88% 1.60% 0.28%
1.05% 2.36%
1.85% 1.19% 12.85%
10.01% 0.42% 8.85%
6.39% 5.54% 1.71%
6.18% 2.64%
0.65% 2.31% 1.37%
0.54% 1.25% 1.13% 1.00% 0.77% 0.25%
Global Robotics
Technology
Market
2020-2027
71
4.3. Software
Robotics software comprises software package, which provides a platform for programming of robotic devices.
The software package provides a unified programming environment, a unified service execution environment
and reusable software modules. It enables the user to program the robot to cater to the requirements.

software in 2019, with the former constituting around 68.5% share. Asia-Pacific and North America are expected
The software architecture of a robot performs repeated tasks efficiently and accurately. The robot’s performance
increases with sophisticated software design and architecture. New and technologically advanced software
architectures are being developed, which can be deployed across various industries as per requirements.
Furthermore, the advancements of new technologies in vision software and robot guidance attract companies
Global Robotics to innovate and launch new products to meet the customer requirements. With the use of robotics in diverse
Technology applications, software is available for customized and specific activities.
Market In addition, major players in the market are offering software platforms for effective functioning of the robots,
Opportunity Analysis owing to which there is immense competition in the market. Efficient and advanced software is being developed
and Industry Forecast, for customized solutions, with the launch of new technologies.
2020-2027
72
The pandemic has caused recessionary economy that has forced various enterprises across the globe to
dramatically and rapidly shift their operations. Industries are being severely affected by the COVID-19-induced
recession; however, impact on the software technologies sector during the crisis was comparatively lesser than
the rest of the economy. Though the industry has experienced major disruption, the ongoing efforts have
encouraged proliferation of advanced software in the robotics technology market.

The robotics technology market for software was valued at $6,637.23 million in 2019, and is projected to reach
contributor with $4,547.35 million in 2019, and is anticipated to reach $17,408.49 million by 2027, registering a
CAGR of 19.7%.
TABLE 03. ROBOTICS TECHNOLOGY MARKET REVENUE FOR SOFTWARE, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North
635.18 687.45 809.71 955.76 1,131.20 1,342.83 1,599.51 1,911.13 2,289.74 18.8%
America
Global Robotics Europe 1,185.62 1,247.14 1,426.63 1,634.23 1,875.53 2,156.94 2,486.67 2,872.68 3,324.03 15.0%
Technology
Asia-Pacific
Market 4,547.35 4,958.06 5,883.38 6,996.74 8,343.55 9,979.52 11,977.38 14,419.85 17,408.49 19.7%
LAMEA 269.09 289.39 338.67 397.16 466.97 550.63 651.44 773.02 919.72 18.0%
and Industry Forecast, Total 6,637.23 7,182.04 8,458.39 9,983.89 11,817.25 14,029.93 16,715.01 19,976.68 23,941.98 18.8%
73
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR SOFTWARE, BY COUNTRY,
2019 & 2027 (%)
34.23% 2019 2027

36.28%
13.98%
11.29%
7.99%
8.76% 2.08% 1.39% 1.55%
0.80% 4.50% 4.83% 1.75% 0.25%
1.08% 13.90% 2.03%
0.43% 1.84% 1.21% 9.39%
8.93% 5.79% 1.59%
6.14% 6.15%
0.64% 2.30% 1.40% 2.24%
0.57% 1.31% 1.20% 1.11% 0.83% 0.23%
Global Robotics
Technology
Market
2020-2027
74
4.4. Services
The implementation of services ensures effective functioning of the software with transparency and control
throughout the process. The robotics technology services include professional and managed services.
Professional services include implementation, training & support, and consulting services. Implementation
services ensure comprehensive scheduling, installing, and configuration of the software, and include all the
components of software package in addition to a custom program designed to meet the specific needs. Support
and maintenance services include tracking and managing concerns efficiently with personalized assistance and
optimized performance development.

service in 2019, with the former constituting around 68.0% share. Asia-Pacific and North America are expected
Robotics technology services are offered by the companies during all the phases of the product lifecycle.
Global Robotics Training services are provided by the company upon initial sales of the products. Maintenance and consulting
Technology services are also offered by companies. Data backup services and condition assessment services are provided
Market by companies to improve the life span of robots.
Engineering and consulting services improve the system performance and extension. Upgrade services are
2020-2027 provided to equip the system with new technologies and enhance its performance. Installation services are
provided by companies on the initial purchase of robotic systems.
75
Repair and replacement services are offered in case of faulty products. Other services offered include robot
preventive maintenance, robot refurbishment & overhaul, sub-assembly recondition & rebuild, and on-site
maintenance. With the rise in the sales of robotics technology, users are attracted to companies that offer
services, along with high quality robot systems.
Offering efficient and timely services enable companies to acquire new customers and also retain the existing
ones. With the advancements of complex technologies, companies provide services to the customers to simplify
the processes.
Alarming rise in the number of COVID-19-positive patients across the globe and continuous lockdown
implemented across different parts of the world are positively impacting the growth of the robotic technology
service industry. In addition, various organizations are adopting consulting services and implementation &
integration services, which will help companies in efficient functioning of robots, thereby augmenting the
growth of the market.
Global Robotics
Technology
Market
2020-2027
76
The robotics technology market for service was valued at $9,364.23 million in 2019, and is projected to reach
CAGR of 20.6%.
TABLE 04. ROBOTICS TECHNOLOGY MARKET REVENUE FOR SERVICES, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North
924.6 1,010.18 1,200.45 1,428.91 1,704.65 2,038.80 2,445.81 2,942.08 3,547.59 19.7%
America
Europe 1,675.48 1,779.85 2,055.05 2,374.90 2,748.39 3,185.90 3,700.66 4,305.84 5,016.47 16.0%
Asia-
6,365.08 7,007.26 8,391.22 10,065.77 12,102.14 14,588.23 17,638.89 21,386.19 25,992.87 20.6%
Pacific
LAMEA 399.07 433.11 511.24 604.4 716.09 850.51 1,013.13 1,210.04 1,448.60 18.8%
Total 9,364.23 10,230.40 12,157.95 14,473.98 17,271.28 20,663.43 24,798.50 29,844.15 36,005.52 19.7%
Global Robotics Source: AMR Analysis
Technology
Market
2020-2027
77
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR SERVICES, BY COUNTRY,
2019 & 2027 (%)
34.39% 2019 2027

36.40%
13.80%
11.10%
9.07% 7.88%
2.03% 1.34% 1.62%
0.78% 4.52% 4.87% 1.65% 0.27%
1.05% 13.69% 2.14%
0.41% 1.90% 1.19% 9.19%
9.26% 5.69% 1.66%
6.15% 6.20%
0.62% 2.38% 1.37% 2.36%
0.54% 1.25% 1.17% 1.03% 0.80% 0.24%
Global Robotics
Technology
Market
2020-2027
78
CHAPTER 5: ROBOTICS TECHNOLOGY MARKET, BY ROBOT TYPE
5.1. Overview
On the basis of type of robots, the robotics technology market is categorized into traditional industrial robots,
cobots, professional service robots, and others. The global robotics technology market was valued at $62,751.49
million in 2019, and is projected to reach $189,362.74 million by 2027, registering a CAGR of 16.2% from 2020
to 2027.
The traditional industrial robots segment was the highest contributor to the market, with $48,820.39 million in
2019, and is estimated to reach $111,146.00 million by 2027, at a CAGR of 12.1% during the forecast period.
The cobots segment is estimated to reach $6,619.82 million by 2027, at a CAGR of 30.1%. The traditional
industrial robots and professional service robots segments collectively accounted for around 92.5% market
share in 2019, with the former constituting around 77.8% share.
The cobots and professional service robots segments are expected to witness significant CAGRs of 30.1% and
25.5%, respectively, during the forecast period. The cumulative share of these two segments was 16.0% in 2019,
Global Robotics and is anticipated to reach 31.7% by 2027..
Technology
Market
2020-2027
79
FIGURE 15. GLOBAL ROBOTICS TECHNOLOGY MARKET, BY ROBOT TYPE, 2019–2027
111,146.00 2019 2027
53,470.04
48,820.39
18,126.88
6,619.82
9,236.65
3,869.92
824.52
Traditional Industrial Robots Cobots Professional Service Robots Others

TABLE 05. GLOBAL ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 48,820.39 49,986.28 55,678.57 62,125.01 69,466.59 77,855.37 87,487.45 98,525.45 111,146.00 12.1%
Global Robotics Robots
Technology Cobots 824.52 1,051.63 1,417.58 1,875.00 2,447.52 3,164.99 4,066.39 5,198.56 6,619.82 30.1%
Market Professional
Service 9,236.65 10,876.59 13,799.61 17,403.89 21,861.36 27,387.23 34,262.58 42,819.60 53,470.04 25.5%
Robots
Others 3,869.92 4,369.88 5,351.18 6,546.94 8,010.04 9,806.10 12,020.75 14,753.45 18,126.88 22.5%
2020-2027 Total 62,751.49 66,284.39 76,246.94 87,950.84 1,01,785.51 1,18,213.69 1,37,837.16 1,61,297.05 189,362.74 16.2%
80
5.2. Traditional industrial robots
Industrial robots are robotic systems designed for manufacturing processes. Industrial robots are used for
welding, machine tending, assembly, painting, ironing, inspection, pick & place, and testing. They are also used
for repetitive tasks, hazardous activities, and tasks that are not suitable for humans, such as lifting heavy weights.

Asia-Pacific and Europe collectively accounted for around 84.8% share of the traditional industrial robots
technology market in 2019, with the former constituting around 66.8% share. Asia-Pacific and North America
are expected to witness significant CAGRs of 13.0% and 12.0%, respectively, during the forecast period. The
cumulative share of these two segments was 77.4% in 2019, and is anticipated to reach 81.7% by 2027.
An industrial robot is a reprogrammable and multipurpose manipulator, mainly used in manufacturing, through
variable programmed motions and artificial intelligence. The features of industrial robot include possession of
a mechanical arm, ability to respond to sensory inputs, communication with other machines, and the ability to
make decisions. An industrial robot finds applications in industrial activities, including arc and spot welding,
assembly, molding, material handling, picking, packaging, spray painting, coating, and laser cutting.
Global Robotics
Technology The different types of industrial robots include Cartesian, cylindrical, spherical, SCARA, articulated arm, and
Market parallel construction. Furthermore, there is a significant increase in the demand for industrial robot owing to
the use of collaborative robots in industrial applications. Industrial robots are being adopted by SMEs at a huge
pace to automate their processes. This adoption is expected to strengthen the growth of the market. Companies
2020-2027 have introduced application specific robots to meet the needs of the customers. The surge in need for
automation and increase in labor costs further fuel the market.
81
The availability of affordable, high quality customized robotics solutions for diverse applications like healthcare,
agriculture, and food, further fuels the market growth. Asia-Pacific dominates the industrial robotics market due
to high demand from Japan, China, and South Korea. As the lockdown period across the globe is increasing,
many production plants in emerging countries of Asia-Pacific are closed and are temporarily shut down. This,
in turn, has boosted the demand for various vehicles and other vehicle parts. Thus, to meet the rising demands
of consumers, many production companies are adopting industrial robots, which is driving the growth of the
market.

The traditional industrial robots technology market was valued at $48,820.39 million in 2019, and is projected
to reach $111,146.00 million by 2027, growing at a CAGR of 12.1% from 2020 to 2027. Asia-Pacific was the
highest contributor with $32,592.98 million in 2019, and is anticipated to reach $78,971.42 million by 2027,
registering a CAGR of 13.0%.
TABLE 06. TRADITIONAL INDUSTRIAL ROBOTS TECHNOLOGY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Global Robotics North
5,206.20 5,326.73 5,929.41 6,611.94 7,389.34 8,277.85 9,298.42 10,468.54 11,807.27 12.0%
Technology America
Market Europe 8,787.21 8,748.73 9,468.42 10,256.08 11,123.06 12,079.61 13,139.61 14,308.15 15,589.09 8.6%
Asia-
32,592.98 33,641.09 37,772.08 42,479.58 47,872.71 54,071.22 61,228.85 69,479.77 78,971.42 13.0%
Pacific
and Industry Forecast, LAMEA 2,234.01 2,269.74 2,508.66 2,777.41 3,081.48 3,426.68 3,820.57 4,268.99 4,778.21 11.2%
2020-2027
Total 48,820.39 49,986.28 55,678.57 62,125.01 69,466.59 77,855.37 87,487.45 98,525.45 1,11,146.00 12.1%
82
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF TRADITIONAL INDUSTRIAL ROBOTS TECHNOLOGY MARKET, BY
COUNTRY, 2019 & 2027(%)
35.00% 2019 2027

36.81%
12.99%
10.59%
9.81% 7.62%
1.98% 1.29% 1.65%
0.81% 4.75% 4.81% 1.58% 2.37% 0.28%
1.03% 12.81%
10.02% 0.42% 1.85% 1.17% 8.75%
6.45% 5.50% 1.69%
6.11% 2.63%
0.65% 2.31% 1.35%
0.55% 1.23% 1.13% 1.00% 0.77% 0.25%
Global Robotics
Technology
Market
2020-2027
83
5.3. Cobots
Cobots are capable of autonomous movement in their surroundings or can be controlled remotely. They can
sense and react according to the environment. They are majorly used in defense and aerospace sectors. The
hardware components of the Cobots comprise locomotion, sensing, reasoning, as well as communication. In
addition, there is an increase in the demand for Cobots in industrial applications in the automotive, healthcare
and agriculture sector.

Asia-Pacific and Europe collectively accounted for around 89.2% share of the cobots technology market in 2019,
with the former constituting around 70.3% share. North America and Asia-Pacific segments are expected to
witness significant CAGRs of 33.7% and 30.8%, respectively, during the forecast period. The cumulative share of
these two segments was 76.9% in 2019, and is anticipated to reach 81.7% by 2027.
Cobots find applications in the medical sector for transportation of medicines and food and automation of
pharmacy services. They are used for cleaning and maintaining homes and public areas. In the agriculture sector,
robots are employed for picking fruits & vegetables, planting seeds, and fertilization. Robots are also
Global Robotics implemented in disaster management activities, space exploration, inspection of space stations, and monitoring
Technology & surveillance of military bases.
Market
Companies are consistently launching new innovative products owing to the reduced prices of sensors, cameras,
and other components. Affordable and new products are available for customers, thus strengthening the growth
2020-2027 of the market. Emerging and untapped markets provide growing opportunities to key players in the market.
Increase in investments, and R&D further boost the growth of the market.
84
Use of Cobots in automation of cars and other transports further fuel the market growth. The increase in
demand from industries, along with low market penetration provide an opportunity for market growth. The
COVID-19 pandemic had a major impact on particularly all industries, with manufacturing industry to be hit
hard. Many manufacturing industries are adopting cobots, which serve as a new way to increase their
productivity and to gain loss suffered from the pandemic situation across the globe. Furthermore, upsurge in
demand for cobots with high payload capacity in the supply chain industry of Europe is driving the growth of
the market.

The cobots technology market was valued at $824.52 million in 2019, and is projected to reach $6,619.82 million
by 2027, growing at a CAGR of 30.1% from 2020 to 2027. Asia-Pacific was the highest contributor with $579.41
million in 2019, and is anticipated to reach $4,828.21 million by 2027, registering a CAGR of 30.8%. North
America is anticipated to reach $582.77 million by 2027 at a CAGR of 33.7%.
TABLE 07. COBOTS TECHNOLOGY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Global Robotics
Technology North America 54.97 76.51 109.16 150.23 201.92 266.99 349.06 452.5 582.77 33.7%
Market Europe 156.29 191.9 249.52 318.64 401.69 501.58 622 766.99 941.28 25.5%
Asia-Pacific 579.41 739.76 1,000.19 1,328.53 1,742.90 2,266.31 2,928.99 3,767.62 4,828.21 30.8%
and Industry Forecast, LAMEA 33.85 43.47 58.71 77.59 101.02 130.11 166.34 211.44 267.56 29.7%
2020-2027
Total 824.52 1,051.63 1,417.58 1,875.00 2,447.52 3,164.99 4,066.39 5,198.56 6,619.82 30.1%
85
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF COBOTS TECHNOLOGY MARKET, BY COUNTRY,
2019 & 2027(%)
30.31% 2019 2027
25.82% 15.71%
13.39%
19.70% 7.80%
8.01% 1.63% 1.84%
2.08% 5.01% 14.68%
0.80% 3.97% 1.27% 1.90% 0.31%
1.44% 2.31%
0.44% 1.80% 5.80% 2.27%
6.03% 4.14% 6.86%
0.64% 1.98% 3.13% 2.18% 1.34% 1.29% 1.50% 0.34%
0.66% 1.65%
Global Robotics
Technology
Market
2020-2027
86
5.4. Professional service robots
Service robots operate semi or complete autonomously and assist humans in a range of diverse personal and
professional tasks. Personal robots are employed for monitoring of houses, entertainment, education, and other
domestic chores. In professional industries, they are used in aerospace, defense, and healthcare sectors. These
robots help to reduce the workload on humans.

Asia-Pacific and Europe collectively accounted for around 85.7% share of the professional service robots
technology market in 2019, with the former constituting around 67.7% share. Asia-Pacific and North America
are expected to witness significant CAGRs of 26.5% and 25.6%, respectively, during the forecast period. The
Service robots are mainly used for personal and professional tasks. Governments invest heavily in the
development of service robots, which enables companies to launch new innovative products. Service robots
mainly find applications in the healthcare and medical sector. With the advent of advanced technologies, robots
are capable of taking care of the elderly, children, and disabled.
Global Robotics
Technology Service robots are used in healthcare sector for tele-surgery, pharmacy, and medicine dispensing activities. In
Market the domestic sector, they are utilized for domestic chores, entertainment, and education purposes. Service
robots are being implemented in agriculture for livestock management, aerospace and infrastructure with
enhanced technologies and growing demand.
2020-2027
87
The increase in use of service robots in healthcare, domestic, and military operations drives the market and
inspires companies to launch new innovative products to meet the growing needs of the customers. There is an
increase in the need of service robots with the growing population of the elderly. Service robots are used to
take care of the elderly, children, and disabled.
Advanced technologies are improving at a significant rate, enabling players to launch new efficient products to
expand their business and customer base. Surge in competition in the market creates opportunities for the
launch of new products. There has been a significant growth in the investment in R&D, which boosts the market
growth. Emerging economies provide a huge growth opportunity to the players in the market. The applications
of service robots can be extended to other niche industries to further explore growth opportunities.
Various hotels and restaurants across the globe are adopting service robots to fight against the pandemic
situation. These robots increase efficiency and productivity of hotel activities by providing more socially
distanced models of operation to enable a safer and faster reopening and recovery of hotels.
Furthermore, various key players are introducing new service robots for different businesses to increase their
market share and to earn maximum profit during the pandemic situation, which is expected to provide
Global Robotics remunerative opportunity for the expansion of the market during the forecast period.
Technology
Market
2020-2027
88
The professional service robots technology market was valued at $9,236.65 million in 2019, and is projected to
reach $53,470.04 million by 2027, growing at a CAGR of 25.5% from 2020 to 2027. Asia-Pacific was the highest
CAGR of 26.5%.
TABLE 08. PROFESSIONAL SERVICE ROBOTS TECHNOLOGY MARKET REVENUE BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North
926.38 1,093.37 1,389.39 1,754.08 2,204.67 2,762.73 3,456.37 4,318.80 5,391.10 25.6%
America
Europe 1,655.57 1,896.07 2,337.65 2,862.33 3,487.39 4,233.40 5,126.51 6,194.68 7,470.39 21.6%
Asia-
6,256.25 7,419.90 9,482.72 12,047.80 15,245.92 19,241.98 24,252.11 30,534.97 38,413.54 26.5%
Pacific
LAMEA 398.45 467.25 589.85 739.69 923.38 1,149.12 1,427.58 1,771.14 2,195.01 24.7%
Total 9,236.65 10,876.59 13,799.61 17,403.89 21,861.36 27,387.23 34,262.58 42,819.60 53,470.04 25.5%
Global Robotics Source: AMR Analysis
Technology
Market
2020-2027
89
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF PROFESSIONAL SERVICE ROBOTS TECHNOLOGY MARKET, BY
COUNTRY, 2019 & 2027(%)
34.40% 2019 2027

36.36%
13.41% 11.08%
9.28% 7.96%
1.99% 1.33% 1.62%
0.80% 4.56% 4.92% 1.66% 0.27%
1.06% 13.27% 2.22%
9.39% 0.41% 1.83% 1.19% 9.27%
6.16% 5.86% 1.63%
6.32%
0.64% 1.28% 2.26% 1.37% 1.06% 2.43%
0.54% 1.13% 0.79% 0.25%
Global Robotics
Technology
Market
2020-2027
90
5.5. Others
This segment includes tele-operated robots, augmenting robots, autonomous robots, and modular robots.

Asia-Pacific and Europe collectively accounted for around 86.7% share of the other robots technology market
in 2019, with the former constituting around 68.5% share. Asia-Pacific and North America are expected to
Tele-operated robots are controlled by humans remotely. There is a remote or a control provided to the user,
which controls the robot. Tele-operated robots have made tele-surgery possible, enabling doctors to perform
surgery on patients while being located at geographically distant locations. Autonomous robots are robots,
which can operate independently, without relying on humans for control. Robots adapt to their environments
by detecting the changes without being monitored.
Autonomous robots are employed in commercial applications and specialized space exploration missions.
Global Robotics Augmenting robots operate as a part of the user’s body. They are connected to a human body and are
Technology controlled by the human. They enable the user to enhance his/her skills. Modular robots have modularized
Market architecture. They have different identical modules, which increase their efficiency.
Opportunity Analysis The demand for tele robotics products in the market is expected to increase owing to surge in need of robotics
and Industry Forecast, in the healthcare industry. The advancements of new technologies in the healthcare sector fuel the growth of
2020-2027
the market.
91
The increase in labor cost and the difficulty of doing specific activities manually surge the growth of robotics.
Companies are now delivering low cost, high quality, and energy efficient robots to meet the increase in
requirements of the customers.

The other robots technology market was valued at $3,869.92 million in 2019, and is projected to reach
CAGR of 23.4%.
TABLE 09. OTHER ROBOTS TECHNOLOGY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North America 357.44 406.08 499.82 614.15 754.14 926.07 1,138.17 1,399.96 1,723.22 22.9%
Europe 702.47 770.53 915.92 1,086.93 1,288.81 1,527.74 1,811.58 2,148.49 2,547.89 18.6%
Asia-Pacific 2,652.51 3,015.78 3,718.73 4,581.70 5,645.29 6,960.24 8,592.94 10,621.60 13,143.32 23.4%
Global Robotics LAMEA 157.51 177.49 216.7 264.15 321.8 392.06 478.06 583.39 712.45 22.0%
Technology Total 3,869.92 4,369.88 5,351.18 6,546.94 8,010.04 9,806.10 12,020.75 14,753.45 18,126.88 22.5%
2020-2027
92
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF OTHER ROBOTS TECHNOLOGY MARKET, BY COUNTRY, 2019 &
2027(%)
33.38% 2019 2027

34.90%
14.32%
11.37%
8.24%
8.69% 2.06% 1.37% 1.65%
0.81% 4.33% 5.06% 1.77% 0.25%
1.09% 14.68% 2.03%
0.41% 1.91% 1.25% 9.62%
8.58% 6.14% 1.71%
5.75% 6.61%
0.65% 1.34% 2.43% 1.48% 1.16% 0.84% 2.14% 0.22%
0.54% 1.20%
Global Robotics
Technology
Market
2020-2027
93
CHAPTER 6: ROBOTICS TECHNOLOGY MARKET, BY APPLICATION
6.1. Overview
On the basis of application, the robotics technology market is categorized into manufacturing, healthcare,
aerospace & defense, media & entertainment, logistics, electronics, domestics, and others.
The global robotics technology market was valued at $62,751.49 million in 2019, and is projected to reach
$189,362.74 million by 2027, registering a CAGR of 16.2% from 2020 to 2027. The manufacturing segment was
the highest contributor to the market, with $49,045.36 million in 2019, and is estimated to reach $141,668.29
million by 2027, at a CAGR of 15.5% during the forecast period.
The healthcare segment is estimated to reach $12,048.11 million by 2027, at a CAGR of 19.9%. The
manufacturing and logistics segments collectively accounted for around 84.2% market share in 2019, with the
former constituting around 78.2% share.
The healthcare and aerospace & defense segments are expected to witness significant CAGRs of 19.9% and
Global Robotics and is anticipated to reach 9.0% by 2027.
Technology
Market
2020-2027
94
FIGURE 20. GLOBAL ROBOTICS TECHNOLOGY MARKET, BY APPLICATION, 2019–2027
141,668.29 2019 2027
49,045.36
12,048.11 5,193.47 11,976.31 13,484.66
4,991.90
3,081.85 1,343.58 1,446.18 3,791.21 4,043.30
Manufacturing healthcare Aerospace & Media & Logistics Others

Defense Entertainment
TABLE 10. GLOBAL ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 49,045.36 51,529.98 58,956.56 67,638.94 77,853.08 89,924.17 1,04,274.81 1,21,347.10 141,668.29 15.5%
Global Robotics Healthcare 3,081.85 3,375.56 4,021.20 4,797.99 5,737.35 6,877.81 8,269.61 9,969.76 12,048.11 19.9%
Technology Aerospace &

Defense
1,343.58 1,460.05 1,726.52 2,045.85 2,430.61 2,896.11 3,462.33 4,151.76 4,991.90 19.2%
Market Media &

1,446.18 1,563.78 1,840.46 2,171.05 2,568.26 3,047.52 3,628.98 4,335.15 5,193.47 18.7%
Entertainment
Opportunity Analysis Logistics 3,791.21 4,028.00 4,660.29 5,406.70 6,293.15 7,350.69 8,619.73 10,144.01 11976.31 16.8%
Others 4,043.30 4,327.02 5,041.91 5,890.31 6,903.07 8,117.38 9,581.70 11,349.27 13,484.66 17.6%
2020-2027
Total 62,751.49 66,284.39 76,246.94 87,950.84 1,01,785.51 1,18,213.69 1,37,837.16 1,61,297.05 189,362.74 16.2%
95
6.2. Manufacturing
In the manufacturing industry, robots perform a variety of tasks including painting, welding, finishing, and
assembly. Robots are used to perform crash tests to evaluate the safety of vehicles, which if performed by
humans is dangerous. Automotive robots work in dangerous environments withstanding chemicals and extreme
heat and help reduce human errors.

manufacturing in 2019, with the former constituting around 66.8% share. Asia-Pacific and North America are
expected to witness significant CAGRs of 16.5% and 15.4%, respectively, during the forecast period. The
Manufacturing companies use robots to save cost and increase their production. The first automotive robot was
used in 1960s. Robots are cost effective, efficient, and safe. The key factors that drive the market growth include
increase in labor costs, new safety regulations, stricter emission requirements, and rise in consumer trends. Use
of robots in the manufacturing industry enables manufacturers to achieve high quality, reliability, economic
Global Robotics efficiency, and less product life cycle cost. The major companies offering automotive robotic solutions include
Technology ABB Group, Fanuc Corporation, KUKA AG, and Yaskawa Electric Corporation.
Market
Various manufacturing and production companies are adopting cobots, service robots, and industrial robots
with the aim to recover from the huge loss suffered from the pandemic situation, which is driving the growth
2020-2027 of the market. In addition, robots help manufacturing companies by enabling cost-effective supply chain
process and aid in designing, manufacturing, and distribution of products.
96
The robotics technology market for manufacturing was valued at $49,045.36 million in 2019, and is projected
to reach $141,668.29 million by 2027, growing at a CAGR of 15.5% from 2020 to 2027. Asia-Pacific was the
highest contributor with $32,744.10 million in 2019, and is anticipated to reach $100,750.23 million by 2027,
TABLE 11. ROBOTICS TECHNOLOGY MARKET REVENUE FOR MANUFACTURING, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North
5,274.93 5,535.39 6,325.44 7,248.16 8,332.61 9,612.97 11,133.67 12,941.01 15,090.14 15.4%
America
Europe 8,773.58 8,964.47 9,966.26 11,100.98 12,393.97 13,872.73 15,572.88 17,524.52 19,760.87 12.0%
Asia-
32,744.10 34,683.28 40,002.70 46,261.88 53,671.58 62,482.76 73,021.74 85,637.74 100,750.23 16.5%
Pacific
LAMEA 2,252.75 2,346.83 2,662.15 3,027.92 3,454.93 3,955.71 4,546.52 5,243.83 6,067.05 14.5%
Total 49,045.36 51,529.98 58,956.56 67,638.94 77,853.08 89,924.17 1,04,274.81 1,21,347.10 141,668.29 15.5%

Global Robotics
Technology
Market
2020-2027
97
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR MANUFACTURING, BY
COUNTRY, 2019 & 2027(%)
35.19% 2019 2027

37.07%
12.95% 10.68%
9.84% 7.50%
1.95% 1.27% 1.64%
0.81% 4.76% 4.77% 1.58% 2.37% 0.27%
1.03% 12.69%
10.11% 0.41% 1.81% 1.17% 8.76%
6.49% 5.38% 1.69%
6.04% 2.66%
0.64% 2.26% 1.35%
0.53% 1.22% 1.11% 0.99% 0.75% 0.25%
Global Robotics
Technology
Market
2020-2027
98
6.2.4. Market size and forecast, by industry type
The robotics technology market for manufacturing was valued at $49,045.36 million in 2019, and is projected
to reach $141,668.29 million by 2027, growing at a CAGR of 15.5% from 2020 to 2027. The automotive segment
was the highest contributor with $14,585.81 million in 2019, and is anticipated to reach $45,716.36 million by
2027, registering a CAGR of 17.0%.
TABLE 12. ROBOTICS TECHNOLOGY MARKET REVENUE FOR MANUFACTURING, BY REGION, 2019–2027 ($MILLION)
INDUSTRY CAGR
2019 2020 2021 2022 2023 2024 2025 2026 2027
TYPE 2020-2027
Automotive 14,585.81 15,275.33 17,718.54 20,597.39 24,008.97 28,069.00 32,927.60 38,745.77 45,716.36 17.0%
Electrical/El
12,213.17 12,644.71 14,256.05 16,116.93 18,280.15 20,806.49 23,774.98 27,263.94 31,365.36 13.9%
ectronics
Metal &
4,904.54 5,130.10 5,843.38 6,674.13 7,647.85 8,794.40 10,152.54 11,762.26 13,670.99 15.0%
Machinery
Plastic &
Chemical 2,452.27 2,865.07 3,361.45 3,954.68 4,667.78 5,528.80 6,574.36 7,845.54 9,392.61 18.5%
Products
Food &
Global Robotics Beverages
1,471.36 1,623.19 1,889.88 2,206.43 2,584.40 3,037.75 3,584.65 4,245.10 5,043.39 17.6%
Technology Others 13,418.22 13,991.58 15,887.26 18,089.38 20,663.93 23,687.73 27,260.67 31,484.48 36,479.58 14.7%
Market Total 49,045.36 51,529.98 58,956.56 67,638.94 77,853.08 89,924.17 104,274.81 121,347.10 141,668.29 15.5%

2020-2027
99
6.3. Healthcare
With the advancements in robotics technology and increased flexibility, in the use of robotics, robots cover a
wide range of applications and nature of products in the healthcare industry. Robots are used in hospitals,
clinics, pharmaceutical companies, and by medical device manufacturers. Robots find applications in surgery,
diagnostics, physical, cognitive mental therapy, prosthetics, and monitoring.

healthcare in 2019, with the former constituting around 68.1% share. Asia-Pacific and North America are
expected to witness significant CAGRs of 20.8% and 20.3%, respectively, during the forecast period.
The cumulative share of these two segments was 77.1% in 2019, and is anticipated to reach 81.6% by 2027.
Robots are implemented in diverse applications including development and production of medical devices,
laboratory automation and drug discovery, grinding and polishing applications for larger implants and
prosthetics, cell culture and pharmaceutical production, medical device manufacturing and prescription
preparation.
Global Robotics
Technology Robots also perform fabrication of medical devices like artificial hips and knees. For drug discovery applications,
Market robots manipulate, store, and retrieve plates. In cell culturing and pharmaceutical research, robots deal with
loading and unloading of test tubes as well as handling liquid-filled vials, flasks, and bottles. In medical device
manufacturing, robots assemble products such as pacemakers and other devices. Robots in hospitals fill
2020-2027 prescriptions efficiently to reduce errors of pharmaceutical organizations.
100
The process of pill dispensing in hospitals is automated, owing to the shortage of pharmacists. Robots are
employed for complex data management and large data processing.
Consumer robots accompanied with iPad/PC software are available for autistic children enabling therapists and
parents to guide autistic children through their activities. The demand for Robots in remote surgery (telesurgery)
has increased significantly, which enables doctors to perform surgery on patients without being physically
present at the location. Robotic assisted minimally invasive surgery has benefits such as smaller incisions, faster
recovery, and lesser risks of infection. They are also used for personalized care of the elderly. Robotic procedures
are comparatively safe due to higher precision and lesser risk of errors.
Alarming increase in cases of COVID-19 patients across the globe has increased the risk of healthcare workers;
thus, the healthcare sector is rapidly adopting robots to clean and disinfect COVID-19 wards and hospitals. In
addition, various market players have introduced new robots, which exhibit the capability to diagnose patients,
thereby driving the growth of the market.
Global Robotics
Technology
Market
2020-2027
101
The robotics technology market for healthcare was valued at $3,081.85 million in 2019, and is projected to reach
CAGR of 20.8%.
TABLE 13. ROBOTICS TECHNOLOGY MARKET REVENUE FOR HEALTHCARE, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North America 278.21 306.15 366.23 438.63 526.29 632.84 763.01 922.16 1,116.88 20.3%
Europe 580.47 616.73 712.2 823.17 952.76 1,104.57 1,283.19 1,493.21 1,739.84 16.0%
Asia-Pacific 2,099.36 2,316.84 2,780.79 3,342.90 4,027.30 4,863.82 5,891.45 7,155.11 8,710.22 20.8%
LAMEA 123.81 135.84 161.97 193.29 231 276.58 331.96 399.28 481.17 19.8%
Total 3,081.85 3,375.56 4,021.20 4,797.99 5,737.35 6,877.81 8,269.61 9,969.76 12,048.11 19.9%
Global Robotics
Technology
Market
2020-2027
102
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR HEALTHCARE, BY COUNTRY,
2019 & 2027(%)
33.20% 2019 2027

35.06%
13.95%
11.33%
8.32%
8.50% 2.22% 1.48% 1.67%
5.33% 1.82%
0.77% 4.30% 1.16% 14.00% 2.06% 0.27%
0.46% 2.00% 1.20% 9.51%
8.43% 5.81% 6.15% 1.65%
7.00%
0.60% 1.43% 2.58% 1.40% 1.18% 0.91% 2.13% 0.23%
0.62% 1.31%
Global Robotics
Technology
Market
2020-2027
103
6.4. Aerospace & defense
The aerospace industry is facing stringent environmental legislation. Robots in the aerospace industry are used
for material handling, machine tending, mold coating, mold cleaning, fiber placement, surface treatment,
finishing, assembly, drilling, welding, control, and inspection.
Governments are increasing the use of robotics to gain a competitive edge over adversaries. With the increase
in desire to reduce military casualties and military expenditure, robots are used in the defense industry to replace
soldiers, carry equipment for dismounted soldiers, rescue the wounded soldiers, stand sentry duty, search for
bombs, and detect & neutralize mines.
These robots can be in the form of unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), and
unmanned underwater vehicles (UUVs), performing the common task of supplementing soldiers in the
battlefield.

Global Robotics aerospace & defense in 2019, with the former constituting around 71.7% share. Asia-Pacific and North America
Technology are expected to witness significant CAGRs of 20.0% and 19.6%, respectively, during the forecast period. The
Market cumulative share of these two segments was 79.0% in 2019, and is anticipated to reach 83.2% by 2027.
Opportunity Analysis Use of robotic solutions increase productivity and cost savings. The highest use of robots in aerospace is to drill
and Industry Forecast, holes into components with high precision and to position large aerospace components. These tasks are difficult
2020-2027
to perform manually. Use of robots simplifies the process and reduce errors.
104
The process used by robots include the use of a vision system to drill holes which consists of pilot hole drilling,
final size drilling, and reaming. Robots work on welding, dispensing, sealing manufacturing of large, rigid, and
high tolerant aircraft equipment.
The use of military robots is comparatively less expensive as compared to a trained soldier. The major factors
that drive the market growth include increased government spending, technology maturity, and increased ratio
of unmanned systems.
The use of robots in defense activities significantly lowers casualties and enables governments to alter their field
strategies. Use of advanced sensor technologies in land, aerial, and marine environments enhance the
surveillance capabilities and provide efficient intelligence gathering.
The coronavirus pandemic has majorly impacted the aerospace & defense sector as majority of the airline
companies are closing, owing to rise in patients across the globe. In addition, many countries are adopting
advanced technologies such as AI-powered robots to perform various critical operations of aerospace and
defense such as arc welding, machine tending, assembling of weapons, and inspection of crucial parts of aircraft.
Thus, all these factors collectively are expected to augment the growth of the market in the near future.
Global Robotics
Technology
Market
2020-2027
105
The robotics technology market for aerospace & defense was valued at $1,343.58 million in 2019, and is
projected to reach $4,991.90 million by 2027, growing at a CAGR of 19.2% from 2020 to 2027. Asia-Pacific was
the highest contributor with $962.78 million in 2019, and is anticipated to reach $3,776.44 million by 2027,
TABLE 14. ROBOTICS TECHNOLOGY MARKET REVENUE FOR AEROSPACE & DEFENSE, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North America 98.58 107.68 127.94 152.26 181.61 217.18 260.5 313.31 377.74 19.6%
Europe 238.12 250.95 287.58 330 379.34 436.94 504.49 583.64 676.26 15.2%
Asia-Pacific 962.78 1,053.49 1,254.35 1,496.55 1,790.14 2,147.45 2,584.62 3,120.07 3,776.44 20.0%
LAMEA 44.1 47.93 56.64 67.04 79.52 94.54 112.72 134.75 161.46 18.9%
Total 1,343.58 1,460.05 1,726.52 2,045.85 2,430.61 2,896.11 3,462.33 4,151.76 4,991.90 19.2%
Global Robotics
Technology
Market
2020-2027
106
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR AEROSPACE & DEFENSE,
BY COUNTRY, 2019 & 2027(%)
12.48% 2019 2027
13.74%
7.37%
4.75% 4.21%
8.17% 0.72%
2.74% 2.00% 0.84% 0.59%
0.39% 1.48% 0.63% 0.12%
0.48%
0.87% 0.60% 0.99% 4.23% 3.41%
0.18%
2.85% 2.09% 2.75% 0.64%
0.35% 0.64% 1.21% 0.78% 0.63% 0.58% 0.48% 0.68% 0.12%
0.26%
Global Robotics
Technology
Market
2020-2027
107
6.5. Media & entertainment
Different robots are used in the amusement park, magic shows, and in film industry, which drives the growth of
the market in this sector. In addition, increase adoption of robotics for animation and VFX in the film industry
propels the growth of the market.

media & entertainment in 2019, with the former constituting around 70.4% share. Asia-Pacific and North
America are expected to witness significant CAGRs of 19.6% and 19.0%, respectively, during the forecast period.
The cumulative share of these two segments was 78.4% in 2019, and is anticipated to reach 82.7% by 2027.
Various advantages of robotics such as providing live theatres to the audience, increasing the safety on the set
of films, and providing a long-lasting impression on the audience of new film promotions are expected to
provide lucrative opportunity for the market. In addition, different key players of the market have introduced
various robots to increase the revenue of the media & entertainment industry, which drives the growth of the
market. For instance, KUKA introduced motion sensor robots that are used in amusement park to attract more
Global Robotics customers and to increase the safety of the customers.
Technology
Market The global coronavirus pandemic have negligible impact on the media & entertainment industry, as many media
& entertainment companies have adopted AI-based robotics technology to strengthen their foothold in the
market. In addition, the entertainment sector is adopting service robots to create real-time environment for
2020-2027 children at home, which is driving the growth of the market.
108
The robotics technology market for media & entertainment was valued at $1,446.18 million in 2019, and is
projected to reach $5,193.47 million by 2027, growing at a CAGR of 18.7% from 2020 to 2027. Asia-Pacific was
the highest contributor with $1,018.59 million in 2019, and is anticipated to reach $3,873.25 million by 2027,
TABLE 15. ROBOTICS TECHNOLOGY MARKET REVENUE FOR MEDIA & ENTERTAINMENT, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North America 115.42 125.19 147.76 174.76 207.23 246.45 294.06 351.92 422.29 19.0%
Europe 259.5 272.37 310.93 355.47 407.18 467.42 537.93 620.39 716.71 14.8%
Asia-Pacific 1,018.59 1,109.50 1,315.34 1,562.86 1,862.10 2,225.40 2,668.82 3,210.63 3,873.25 19.6%
LAMEA 52.68 56.71 66.42 77.96 91.74 108.26 128.18 152.21 181.22 18.1%
Total 1,446.18 1,563.78 1,840.46 2,171.05 2,568.26 3,047.52 3,628.98 4,335.15 5,193.47 18.7%
Global Robotics
Technology
Market
2020-2027
109
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR MEDIA & ENTERTAINMENT,
BY COUNTRY, 2019 & 2027(%)
30.20% 2019 2027

31.82%
15.84% 14.21%
8.46%
7.30% 1.97%
5.08% 16.28% 1.73% 1.59%
0.83% 3.78% 1.14% 2.19% 1.16% 12.39% 1.59% 0.31%
0.45% 2.17% 6.29%
7.30% 5.08% 6.62% 1.66%
0.68% 1.41% 2.86% 1.35% 1.28% 1.30% 1.09% 1.69% 0.29%
0.61%
Global Robotics
Technology
Market
2020-2027
110
6.6. Logistics
There has been a significant growth in this industry over the past few years. Robots work mainly on assembly
of electronic circuits and for manufacturing of consumer electronics including computers, microwave ovens,
mobile devices, and location tracing devices. The main features for a robot required in the logistics sector
include range of motion, accuracy, speed, force compliance, and safety.

logistics in 2019, with the former constituting around 68.0% share. Asia-Pacific and North America are expected
Robots are also used for quality control and inspection processes. Robots are generally equipped with vision
systems or force control for accuracy. They require higher precision to work with electronic equipment as
compared to industrial use. Logistic manufacturers are increasingly adopting robotics to reduce labor costs,
increase operational efficiency, and deliver high quality, precise, and accurate components.
Global Robotics
Technology Cleanroom robots are mostly used in the electronics sector. Cleanroom is an environmental process where
Market robots require special packaging and delivery into a cleanroom environment to avoid picking up of dirt particles
while in transit. Logistics companies are adopting robotics technology to minimize the transmission of the virus
and to improve the employees’ safety at workplace.
2020-2027
111
The robotics technology market for logistics was valued at $3,791.21 million in 2019, and is projected to reach
CAGR of 17.8%.
TABLE 16. ROBOTICS TECHNOLOGY MARKET REVENUE FOR LOGISTICS, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North America 354.41 375.97 434.32 503.11 584.68 681.87 798.33 938.03 1,105.70 16.7%
Europe 708.17 731.18 821.43 924.57 1,043.11 1,179.83 1,338.34 1,521.90 1,734.15 13.1%
Asia-Pacific 2,577.88 2,761.96 3,222.19 3,769.19 4,423.13 5,208.41 6,156.80 7,303.40 8,690.85 17.8%
LAMEA 150.75 158.89 182.35 209.83 242.23 280.58 326.26 380.7 445.61 15.9%
Total 3,791.21 4,028.00 4,660.29 5,406.70 6,293.15 7,350.69 8,619.73 10,144.01 11,976.31 16.8%
Global Robotics
Technology
Market
2020-2027
112
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR LOGISTICS, BY COUNTRY,
2019 & 2027(%)
33.56% 2019 2027

35.63%
13.71%
11.25% 8.75%
8.48% 2.22% 1.44% 1.52%
5.31%
0.76% 4.36% 1.15% 13.54%
1.65% 1.94%
0.45% 2.00% 1.21% 9.31%
8.74% 6.35% 1.57%
5.97% 6.80%
0.60% 1.38% 2.52% 1.41% 1.04% 0.86% 2.17%
0.60% 1.27%
Global Robotics
Technology
Market
2020-2027
113
6.7. Others
This segment covers industries such as disaster management, foundry, infrastructure, and agriculture among
others.

others in 2019, with the former constituting around 66.2% share. Asia-Pacific and North America are expected
Governments executing rescue operations for disaster management use robots. They carry out the task of saving
people, distributing food, and providing services. In the food & beverage sector, industrial robots help in clean
packaging of food to prevent it from bacteria and virus. In the infrastructure industry, robots help in construction
of heavy structures and demolishing of buildings. Robots are used in the agriculture sector for fruit picking,
sheep shearing, pruning, spraying, weeding, and monitoring.
Global Robotics
Technology
Market
2020-2027
114
The robotics technology market for others was valued at $4,043.30 million in 2019, and is projected to reach
CAGR of 18.6%.
TABLE 17. ROBOTICS TECHNOLOGY MARKET REVENUE FOR OTHERS, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North America 423.43 452.32 526.08 613.48 717.64 842.33 992.46 1,173.39 1,391.61 17.4%
Europe 741.7 771.52 873.1 989.8 1,124.60 1,280.85 1,462.86 1,674.67 1,920.83 13.9%
Asia-Pacific 2,678.44 2,891.46 3,398.34 4,004.23 4,732.57 5,611.91 6,679.48 7,977.02 9,555.49 18.6%
LAMEA 199.73 211.74 244.39 282.8 328.26 382.29 446.9 524.19 616.73 16.5%
Total 4,043.30 4,327.02 5,041.91 5,890.31 6,903.07 8,117.38 9,581.70 11,349.27 13,484.66 17.6%
Global Robotics
Technology
Market
2020-2027
115
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF ROBOTICS TECHNOLOGY MARKET FOR OTHERS, BY COUNTRY,
2019 & 2027(%)
32.71% 2019 2027
34.48%
13.84%
11.04%
9.47% 8.29%
5.14% 1.96% 1.34% 1.91%
0.85% 4.47% 13.67%
1.68% 2.36% 0.31%
1.06%
9.79% 0.42% 1.86% 1.29% 9.11%
6.11% 6.01% 1.99%
6.57%
0.68% 1.28% 2.33% 1.50% 2.66%
0.55% 1.11% 1.06% 0.80% 0.29%
Global Robotics
Technology
Market
2020-2027
116
CHAPTER 7: ROBOTICS TECHNOLOGY MARKET, BY REGION
7.1. Overview
By region, the robotics technology market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America dominated the global market in 2019, in terms of market share, followed by Asia-Pacific and
Europe.
In addition, Asia-Pacific and Europe are expected to exhibit promising growth during the forecast period. The
global robotics technology market was valued at $62,751.49 million in 2019, and is projected to reach
$189,362.74 million by 2027, registering a CAGR of 16.2%. Asia-Pacific was the highest revenue contributor,
accounting for $42,081.15 million in 2019, and is estimated to reach $135,356.49 million by 2027, with a CAGR
of 17.1%.
Asia-Pacific is estimated to reach $135,356.49 million by 2027, at a significant CAGR of 17.1%. Asia-Pacific and
Europe collectively accounted for around 85.1% share in 2019, with the former constituting around 67.1% share.
Asia-Pacific and North America are expected to witness considerable CAGRs of 17.1% and 16.0%, respectively,
Global Robotics during the forecast period. The cumulative share of these two segments was 77.5% in 2019, and is anticipated
Technology to reach 81.8% by 2027..
Market
2020-2027
117
TABLE 18. ROBOTICS TECHNOLOGY MARKET REVENUE, BY REGION, 2019–2027 ($MILLION)
CAGR
REGION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
North
6,544.98 6,902.69 7,927.78 9,130.40 10,550.07 12,233.64 14,242.02 16,639.81 19,504.36 16.0%
America
Europe 11,301.54 11,607.23 12,971.51 14,523.98 16,300.95 18,342.33 20,699.70 23,418.32 26,548.66 12.5%
Asia-
42,081.15 44,816.53 51,973.73 60,437.62 70,506.82 82,539.75 97,002.90 114,403.97 135,356.49 17.1%
Pacific
LAMEA 2,823.82 2,957.94 3,373.93 3,858.84 4,427.67 5,097.97 5,892.54 6,834.96 7,953.24 15.2%
Total 62,751.49 66,284.39 76,246.94 87,950.84 101,785.51 118,213.69 137,837.16 161,297.05 189,362.74 16.2%
7.2. North America

North America comprises of the U.S. and Canada. A large number of robotic companies operating in the global
market are headquartered in North America, thereby making it a competitive market. Use of robotics technology
enable companies to automate processes, offer high quality products, and efficiently manage their production
Global Robotics processes. Robotic solutions find applications in a wide variety of industries in North America. The North
Technology American market dominates the use of mobile robotics, owing to its defense and security industry. However,
Market other growing industries including food, healthcare, and semiconductors also adopt robotic solutions for
Opportunity Analysis automation

2020-2027
118
The hardware and service segments collectively accounted for around 90.3% share in 2019, with the former
constituting around 76.2% share. The service and software segments are expected to witness significant CAGRs
of 19.7% and 18.8%, respectively, during the forecast period. The cumulative share of these two segments was
23.8% in 2019, and is anticipated to reach 29.9% by 2027.
The sales of robotic solutions in North America has increased significantly over the past years, owing to the
surge in need of automation for modernization and expansion of production capacity. Use of robotics
technology increases production efficiency, reduces cost, and saves space. Over the past years, the robots have
improved drastically in terms of technology, while being available at affordable prices.
Automotive industry generates maximum revenue in this region. Electronics robotics industry is also growing
at a fast pace in North America. Non-automotive industries including life sciences, consumer goods, and food
are also shifting toward robotics technology at a high rate. North America dominates the use of mobile robots
owing to its prominent defense, security, and aerospace industries.
The key factor driving the market growth in North America is the increase in need for automation. Companies
Global Robotics
are automating their processes at a fast pace to meet the surge in market demands. Availability of affordable,
Technology
high quality, and safer robots in the market allows small companies to explore and implement robotic solutions.
Market
Use of robotics is not just limited to heavy industry manufacturing anymore. Many other industries are adopting
Opportunity Analysis robotics for efficient management and delivering high quality products in less time.
2020-2027
119
In addition, the rise in cost of manufacturing labor and increase in human errors in the manufacturing and
automotive industry surge the adoption of robots in many companies. The expansion of food industry has also
acted as a catalyst to the growth of robotics.
In addition, various food companies in North America are investing in complex machinery and automation
solutions to integrate robotics in their manufacturing process to eliminate the risks of COVID-19 and other life-
threatening viruses & bacteria. In addition, the U.S. has significantly invested in the development of medical
and military robots.
Furthermore, significant fall has been witnessed in the unemployment rate of the region with increase in sale of
robots. Use of robots in the automation industry has generated a need for large number of manufacturing,
programming, and maintenance jobs, which are anticipated to offer potential growth opportunities for the
market growth during the forecast period.
Global Robotics
Technology
Market
2020-2027
120
7.2.2. Market size and forecast, by component
The North America robotics technology market was valued at $6,544.98 million in 2019, and is projected to
reach $19,504.36 million by 2027, growing at a CAGR of 16.0% from 2020 to 2027. The hardware segment was
the highest contributor with $4,985.20 million in 2019, and is estimated to reach $13,667.04 million by 2027,
registering a CAGR of 14.8%. The service segment is estimated to reach $3,547.59 million by 2027 at a CAGR of
19.7%.
TABLE 19. NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 4,985.20 5,205.06 5,917.62 6,745.73 7,714.21 8,852.01 10,196.70 11,786.61 13,667.04 14.8%
Software 635.18 687.45 809.71 955.76 1,131.20 1,342.83 1,599.51 1,911.13 2,289.74 18.8%
Service 924.6 1,010.18 1,200.45 1,428.91 1,704.65 2,038.80 2,445.81 2,942.08 3,547.59 19.7%
Total 6,544.98 6,902.69 7,927.78 9,130.40 10,550.07 12,233.64 14,242.02 16,639.81 19,504.36 16.0%
Source: AMR Analysis.
Global Robotics
Technology
Market
2020-2027
121
7.2.3. Market size and forecast, by robot type
reach $19,504.36 million by 2027, growing at a CAGR of 16.0% from 2020 to 2027. The traditional industrial
robots segment was the highest contributor with $5,206.20 million in 2019, and is estimated to reach $11,807.27
million by 2027, registering a CAGR of 12.0%. The cobots segment is estimated to reach $582.77 million by 2027
at a CAGR of 33.7%.
TABLE 20. NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 5,206.20 5,326.73 5,929.41 6,611.94 7,389.34 8,277.85 9,298.42 10,468.54 11,807.27 12.0%
Robots
Cobots 54.97 76.51 109.16 150.23 201.92 266.99 349.06 452.5 582.77 33.7%
Professional
Service 926.38 1,093.37 1,389.39 1,754.08 2,204.67 2,762.73 3,456.37 4,318.80 5,391.10 25.6%
Robots
Global Robotics Others 357.44 406.08 499.82 614.15 754.14 926.07 1,138.17 1,399.96 1,723.22 22.9%
2020-2027
122
7.2.4. Market size and forecast, by application
reach $19,504.36 million by 2027, growing at a CAGR of 16.0% from 2020 to 2027. The manufacturing segment
was the highest contributor with $5,274.93 million in 2019, and is estimated to reach $15,090.14 million by 2027,
registering a CAGR of 15.4%. The healthcare is estimated to reach $1,116.88 million by 2027 at a CAGR of 20.3%.
The manufacturing and logistics segments collectively accounted for around 86.0% share in 2019, with the
former constituting around 80.6% share. The healthcare and aerospace & defense segments are expected to
TABLE 21. NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 5,274.93 5,535.39 6,325.44 7,248.16 8,332.61 9,612.97 11,133.67 12,941.01 15,090.14 15.4%
Healthcare 278.21 306.15 366.23 438.63 526.29 632.84 763.01 922.16 1,116.88 20.3%
Aerospace &
Global Robotics Defense
98.58 107.68 127.94 152.26 181.61 217.18 260.5 313.31 377.74 19.6%
Technology Media &

115.42 125.19 147.76 174.76 207.23 246.45 294.06 351.92 422.29 19.0%
Entertainment
Market
Logistics 354.41 375.97 434.32 503.11 584.68 681.87 798.33 938.03 1,105.70 16.7%
Others 423.43 452.32 526.08 613.48 717.64 842.33 992.46 1,173.39 1,391.61 17.4%
2020-2027 Total 6,544.98 6,902.69 7,927.78 9,130.40 10,550.07 12,233.64 14,242.02 16,639.81 19,504.36 16.0%
123
reach $19,504.36 million by 2027, registering a CAGR of 16.0%. The U.S. was the highest revenue contributor
with $6,139.19 million in 2019, and is estimated to reach $17,969.37 million by 2027, registering a CAGR of
15.7%. The Canada is estimated to reach $1,534.99 million by 2027, at a significant CAGR of 19.5%.
TABLE 22. NORTH AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
CAGR
COUNTRY 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
U.S. 6,139.19 6,460.31 7,403.16 8,507.13 9,807.87 11,347.46 13,180.64 15,364.99 17,969.37 15.7%
Canada 405.79 442.38 524.62 623.26 742.20 886.17 1,061.39 1,274.82 1,534.99 19.5%
Total 6,544.98 6,902.69 7,927.78 9,130.40 10,550.07 12,233.64 14,242.02 16,639.81 19,504.36 16.0%
Global Robotics
Technology
Market
2020-2027
124
7.2.5.1. U.S.
FIGURE 27. U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 15.7%
17,969.37
15,364.99
13,180.64
11,347.46
9,807.87
7,403.16 8,507.13
6,139.19 6,460.31
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
125
7.2.5.1.1. Market size and forecast, by component
The U.S. robotics technology market was valued at $6,139.19 million in 2019, and is projected to reach
$17,969.37 million by 2027, registering a CAGR of 15.7%. The hardware segment was the highest revenue
contributor with $4,679.91 million in 2019, and is estimated to reach $12,605.51 million by 2027, registering a
CAGR of 14.5%. The service segment is estimated to reach $3,266.83 million by 2027, at a significant CAGR of
19.4%. The hardware and service segments collectively accounted for around 90.4% share in 2019, with the
former constituting around 76.2% share. The service and software segments are expected to witness
considerable CAGRs of 19.4% and 18.5%, respectively, during the forecast period. The cumulative share of these
two segments was 23.8% in 2019, and is anticipated to reach 29.9% by 2027.
TABLE 23. U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 4,679.91 4,875.60 5,530.90 6,291.02 7,178.38 8,218.97 9,446.56 10,895.31 12,605.51 14.5%
Software 592.43 639.73 751.79 885.38 1,045.52 1,238.29 1,471.62 1,754.30 2,097.03 18.5%
Services 866.85 944.98 1,120.47 1,330.73 1,583.97 1,890.20 2,262.46 2,715.38 3,266.83 19.4%
Global Robotics
Total 6,139.19 6,460.31 7,403.16 8,507.13 9,807.87 11,347.47 13,180.64 15,364.99 17,969.37 15.7%
Technology Source: AMR Analysis
Market
2020-2027
126
7.2.5.1.2. Market size and forecast, by robot type
$17,969.37 million by 2027, registering a CAGR of 15.7%. The traditional industrial robots segment was the
highest revenue contributor with $4,889.87 million in 2019, and is estimated to reach $10,902.02 million by
2027, registering a CAGR of 11.8%. The cobots segment is estimated to reach $530.10 million by 2027, at a
significant CAGR of 33.7%. The traditional industrial robots and professional service robots segments collectively
accounted for around 93.8% share in 2019, with the former constituting around 79.7% share. The cobots and
professional service robots segments are expected to witness considerable CAGRs of 33.7% and 25.3%,
respectively, during the forecast period. The cumulative share of these two segments was 14.9% in 2019, and is
anticipated to reach 30.6% by 2027.
TABLE 24. U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 4,889.87 4,992.37 5,545.33 6,170.44 6,881.20 7,692.16 8,622.11 9,686.47 10,902.02 11.8%
Robots
Global Robotics Cobots 49.73 69.61 99.57 137.18 184.39 243.69 318.31 412.17 530.1 33.7%
Technology Professional
Market Service Robots
867.47 1,021.70 1,295.55 1,632.09 2,046.90 2,559.42 3,194.99 3,983.37 4,961.34 25.3%
Others 332.13 376.64 462.7 567.43 695.38 852.19 1,045.22 1,282.98 1,575.91 22.7%
2020-2027
127
7.2.5.1.3. Market size and forecast, by application
$17,969.37 million by 2027, registering a CAGR of 15.7%. The manufacturing segment was the highest revenue
CAGR of 15.2%. The healthcare segment is estimated to reach $1,024.25 million by 2027, at a significant CAGR
of 20.0%. The manufacturing and logistics segments collectively accounted for around 86.2% share in 2019, with
the former constituting around 80.8% share. The healthcare and aerospace & defense segments are expected
to witness considerable CAGRs of 20.0% and 19.4%, respectively, during the forecast period. The cumulative
share of these two segments was 5.7% in 2019, and is anticipated to reach 7.5% by 2027.
TABLE 25. U.S. ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 4,958.63 5,192.32 5,920.67 6,769.76 7,765.87 8,939.82 10,331.64 11,982.77 13,942.43 15.2%
Healthcare 259.69 285.14 340.36 406.75 486.96 584.25 702.86 847.57 1,024.25 20.0%
Aerospace &
87.79 95.69 113.45 134.73 160.36 191.35 229.01 274.84 330.64 19.4%
Technology Media &

Entertainment
105.59 114.27 134.55 158.76 187.82 222.84 265.26 316.71 379.15 18.7%
Market Logistics 331.52 350.88 404.4 467.36 541.88 630.49 736.47 863.32 1,015.27 16.4%
Opportunity Analysis Others 395.98 422.02 489.72 569.77 664.97 778.72 915.4 1,079.77 1,277.62 17.1%
2020-2027 Total 6,139.19 6,460.31 7,403.16 8,507.13 9,807.87 11,347.47 13,180.64 15,364.99 17,969.37 15.7%
128
7.2.5.2. Canada
FIGURE 28. CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 19.5%
1,534.99
1,274.82
1,061.39
886.17
742.20
524.62 623.26
405.79 442.38
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
129
The Canada robotics technology market was valued at $405.79 million in 2019, and is projected to reach
contributor with $304.22 million in 2019, and is estimated to reach $1,057.47 million by 2027, registering a CAGR
of 18.2%. The service segment is estimated to reach $294.30 million by 2027, at a significant CAGR of 23.2%.
constituting around 75.2% share. The service and software segments are expected to witness considerable
CAGRs of 23.2% and 22.1%, respectively, during the forecast period. The cumulative share of these two
segments was 24.8% in 2019, and is anticipated to reach 30.8% by 2027.
TABLE 26. CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 304.22 329.46 386.73 454.7 535.83 633.04 750.14 891.29 1,057.47 18.2%
Software 40.24 47.72 57.92 70.38 85.68 104.54 127.89 156.83 183.22 22.1%
Services 61.33 65.2 79.98 98.18 120.68 148.59 183.36 226.70 294.30 23.2%
Global Robotics
Total 405.79 442.38 524.62 623.26 742.2 886.17 1,061.39 1,274.82 1,534.99 19.5%
Market
2020-2027
130
highest revenue contributor with $316.80 million in 2019, and is estimated to reach $907.03 million by 2027,
registering a CAGR of 15.3%. The cobots segment is estimated to reach $52.59 million by 2027, at a significant
CAGR of 33.7%. The traditional industrial robots and professional service robots segments collectively
TABLE 27. CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 316.8 334.36 384.07 441.5 508.14 585.69 676.31 782.06 907.03 15.3%
Robots
58.62 71.67 93.84 121.99 157.77 203.31 261.39 335.43 428.66 29.2%
Others 25.15 29.45 37.13 46.72 58.76 73.88 92.94 116.99 146.72 25.9%
and Industry Forecast, Total 405.79 442.38 524.62 623.26 742.2 886.17 1,061.39 1,274.82 1,534.99 19.5%
2020-2027
131
of 18.8%. The healthcare segment is estimated to reach $103.62 million by 2027, at a significant CAGR of 23.6%.
former constituting around 77.9% share. The healthcare and media & entertainment segments are expected to
witness considerable CAGRs of 23.6% and 21.7%, respectively, during the forecast period. The cumulative share
TABLE 28. CANADA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 311.43 343.07 404.77 478.4 566.74 673.15 802.03 958.24 1,129.25 18.8%
Healthcare 21.43 21.01 25.87 31.88 39.33 48.59 60.15 74.59 103.62 23.6%
Aerospace &
9.45 11.99 14.49 17.53 21.25 25.83 31.48 38.47 42.04 21.6%
Technology Media &

Entertainment
10.18 10.92 13.21 16 19.41 23.61 28.79 35.21 44.49 21.7%
Market Logistics 24.72 25.09 29.92 35.74 42.8 51.38 61.87 74.71 97.34 20.1%
Opportunity Analysis Others 28.58 30.3 36.36 43.71 52.66 63.61 77.06 93.61 118.25 20.8%
2020-2027 Total 405.79 442.38 524.62 623.26 742.2 886.17 1,061.39 1,274.82 1,534.99 19.5%
132
7.3. Europe
In Europe, the traditional use of robots in industrial applications is giving way to application of robotics in
everyday usage like the robot companion, robot coworker, hospitals, transportation, cities, space, underwater,
fire control, and other places. Robots minimize wastage of resources, while improving work quality and saving
costs. Robots help to improve quality of life in offices, homes and other public places owing to increase in
modernization and automation.

The hardware segment was the highest contributor with $8,440.44 million in 2019, and is estimated to reach
$18,208.15 million by 2027, registering a CAGR of 11.3%. The service segment is estimated to reach $5,016.47
million by 2027 at a CAGR of 16.0%. The hardware and service segments collectively accounted for around
89.5% share in 2019, with the former constituting around 74.7% share. The service and software segments are
expected to witness significant CAGRs of 16.0% and 15.0%, respectively, during the forecast period. The
Europe has many robots installed owing to heavy investments, by automotive industries, with Germany leading
Global Robotics the number of installations. Economies of Spain, France, and Italy are expected to be the slowest to adopt
Technology robotics due to heavy regulations faced by the countries. Europe is a leader in the service robotics market.
Market Europe primarily uses robots in its security sector, due to increased security needs of the European citizens and
Opportunity Analysis monitoring of everyday environments. Tele-operated mobile robots help to ensure security for bomb disposals.
and Industry Forecast, Applications like space exploration, search and rescue tasks, manufacturing, defense, and security finds heavy
2020-2027
use of robotics. However, there is a little reluctance to use robots for the care of children and elderly.
133
Europe has a strong market for robot related software and system integration. Robotics in Europe is unequally
distributed. Leading countries with high robot density include Germany, Finland, Italy, and Sweden. Europe faces
competition in manufacturing from low-wage labor in Asia. Increased use of automation enables the region to
defend its manufacturing capabilities.
The rise in number of startups in Europe supplement the growth of industrial robotics in Europe. SMEs provide
a rapid growth opportunity for the European market. The presence of a large number of SMEs in the market
provide many untapped options. However, the need of robotics for this sector differs, as they require low cost,
high quality, and light robots suitable for smaller production units. Key players should target these companies
and offer customized solutions for them.
The growth in the revenue generated from the market is due to automotive and electronics industries. Heavy
investment in R&D of robotics solutions provides new innovative offerings to the customers. The presence of
major manufacturers in the regions provide new growth opportunities.
Furthermore, various manufacturing companies across Europe are investing heavily in AI-based robotics
technology to reduce human contact in organizations and to boost their operational efficiency. In addition, the
Global Robotics worsening pandemic situation and strict lockdown implemented in majority of the European countries have
Technology massively impacted the supply and demand side of the supply chain industry. Thus, to improve the profit of the
Market supply chain industry, companies are adopting robotics technology, which is driving the growth of the market.
2020-2027
134
The Europe robotics technology market was valued at $11,301.54 million in 2019, and is projected to reach
$26,548.66 million by 2027, growing at a CAGR of 12.5% from 2020 to 2027.
TABLE 29. EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 8,440.44 8,580.24 9,489.83 10,514.86 11,677.03 12,999.50 14,512.36 16,239.80 18,208.15 11.3%
Software 1,185.62 1,247.14 1,426.63 1,634.23 1,875.53 2,156.94 2,486.67 2,872.68 3,324.03 15.0%
Service 1,675.48 1,779.85 2,055.05 2,374.90 2,748.39 3,185.90 3,700.66 4,305.84 5,016.47 16.0%
Total 11,301.54 11,607.23 12,971.51 14,523.98 16,300.95 18,342.33 20,699.70 23,418.32 26,548.66 12.5%
Global Robotics
Technology
Market
2020-2027
135
$26,548.66 million by 2027, growing at a CAGR of 12.5% from 2020 to 2027. The traditional industrial robots
segment was the highest contributor with $8,787.21 million in 2019, and is estimated to reach $15,589.09 million
by 2027, registering a CAGR of 8.6%. The cobots segment is estimated to reach $941.28 million by 2027 at a
CAGR of 25.5%.
TABLE 30. EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 8,787.21 8,748.73 9,468.42 10,256.08 11,123.06 12,079.61 13,139.61 14,308.15 15,589.09 8.6%
Robots
Cobots 156.29 191.9 249.52 318.64 401.69 501.58 622 766.99 941.28 25.5%
Professional
Service 1,655.57 1,896.07 2,337.65 2,862.33 3,487.39 4,233.40 5,126.51 6,194.68 7,470.39 21.6%
Robots
Global Robotics Others 702.47 770.53 915.92 1,086.93 1,288.81 1,527.74 1,811.58 2,148.49 2,547.89 18.6%

Market
2020-2027
136
$26,548.66 million by 2027, growing at a CAGR of 12.5% from 2020 to 2027. The manufacturing segment was
TABLE 31. EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 8,773.58 8,964.47 9,966.26 11,100.98 12,393.97 13,872.73 15,572.88 17,524.52 19,760.87 12.0%
Healthcare 580.47 616.73 712.2 823.17 952.76 1,104.57 1,283.19 1,493.21 1,739.84 16.0%
Aerospace &
238.12 250.95 287.58 330 379.34 436.94 504.49 583.64 676.26 15.2%
Technology Media &

Entertainment
259.5 272.37 310.93 355.47 407.18 467.42 537.93 620.39 716.71 14.8%
Market
Logistics 708.17 731.18 821.43 924.57 1,043.11 1,179.83 1,338.34 1,521.90 1,734.15 13.1%
Opportunity Analysis Others 741.7 771.52 873.1 989.8 1,124.60 1,280.85 1,462.86 1,674.67 1,920.83 13.9%
2020-2027 Total 11,301.54 11,607.23 12,971.51 14,523.98 16,300.95 18,342.33 20,699.70 23,418.32 26,548.66 12.5%
137
$26,548.66 million by 2027, registering a CAGR of 12.5%. Germany was the highest revenue contributor with
$3,972.49 million in 2019, and is estimated to reach $8,766.37 million by 2027, registering a CAGR of 11.7% .
France is estimated to reach $2,256.64 million by 2027, at a significant CAGR of 14.1%. Germany and Italy
collectively accounted for around 48.0% share in 2019, with the former constituting around 35.2% share. France
and Spain are expected to witness considerable CAGRs of 14.1% and 13.6%, respectively, during the forecast
period. The cumulative share of these two segments was 14.6% in 2019, and is anticipated to reach 16.0% by
2027.
TABLE 32. EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
CAGR
COUNTRY 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Germany 3,972.49 4,049.04 4,490.41 4,989.17 5,556.18 6,203.15 6,945.27 7,795.08 8,766.37 11.7%
UK 342.44 350.83 391.09 436.81 489.03 548.89 617.89 697.28 788.50 12.3%
Spain 787.72 816.71 921.3 1,041.19 1,179.37 1,339.22 1,525.05 1,740.86 1,991.15 13.6%
Global Robotics
Technology Italy 1,456.77 1,501.54 1,684.03 1,892.29 2,131.35 2,406.74 2,725.63 3,094.44 3,520.35 12.9%
Market France 862.31 898.25 1,017.94 1,155.56 1,314.67 1,499.26 1,714.45 1,965.09 2,256.64 14.1%
Rest of
Opportunity Analysis 3,879.82 3,990.85 4,466.74 5,008.96 5,630.35 6,345.07 7,171.41 8,125.57 9,225.66 12.7%
Europe
2020-2027 Total 11,301.54 11,607.23 12,971.51 14,523.98 16,300.95 18,342.33 20,699.70 23,418.32 26,548.66 12.5%
138
7.3.5.1. Germany
FIGURE 29. GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 11.7%
8,766.37
7,795.08
6,945.27
6,203.15
4,989.17 5,556.18
3,972.49 4,049.04 4,490.41
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
139
The Germany robotics technology market was valued at $3,972.49 million in 2019, and is projected to reach
TABLE 33. GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 2,988.90 3,015.72 3,310.33 3,640.10 4,011.56 4,431.53 4,908.91 5,450.32 6,062.82 10.5%
Software 407.58 425.65 483.39 549.68 626.18 714.76 817.8 937.55 1,076.51 14.2%
Services 576.01 607.66 696.69 799.39 918.44 1,056.86 1,218.55 1,407.21 1,627.04 15.1%
Global Robotics
Total 3,972.49 4,049.04 4,490.41 4,989.17 5,556.18 6,203.15 6,945.27 7,795.08 8,766.37 11.7%
Market
2020-2027
140
highest revenue contributor with $3,147.01 million in 2019, and is estimated to reach $5,280.86 million by 2027,
TABLE 34. GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 3,147.01 3,111.58 3,344.23 3,597.32 3,874.32 4,178.28 4,513.38 4,880.69 5,280.86 7.8%
Robots
568.86 648.05 794.35 966.65 1,170.13 1,410.91 1,696.73 2,035.68 2,437.05 20.8%
Others 222.46 243.75 289.18 342.26 404.49 477.64 563.96 665.7 785.47 18.2%
2020-2027
141
CAGR of 11.1%. The healthcare segment is estimated to reach $518.09 million by 2027, at a significant CAGR of
15.4%. The manufacturing and logistics segments collectively accounted for around 85.8% share in 2019, with
TABLE 35. GERMANY ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 3,181.97 3,227.49 3,561.80 3,937.95 4,363.82 4,847.76 5,400.64 6,031.05 6,748.35 11.1%
Healthcare 179.16 189.7 218.23 251.2 289.48 334.04 386.16 447.05 518.09 15.4%
Aerospace &
64.35 67.72 77.46 88.68 101.68 116.77 134.39 154.93 178.83 14.9%
Technology Media &

Entertainment
73.49 76.88 87.45 99.6 113.62 129.88 148.8 170.81 196.37 14.3%
2020-2027 Total 3,972.49 4,049.04 4,490.41 4,989.17 5,556.18 6,203.15 6,945.27 7,795.08 8,766.37 11.7%
142
7.3.5.2. UK
FIGURE 30. UK ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 12.3%
788.50
697.28
617.89
548.89
436.81 489.03
342.44 350.83 391.09
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
143
The UK robotics technology market was valued at $342.44 million in 2019, and is projected to reach $788.50
million by 2027, registering a CAGR of 12.3%. The hardware segment was the highest revenue contributor with
$253.50 million in 2019, and is estimated to reach $535.77 million by 2027, registering a CAGR of 11.1%. The
service segment is estimated to reach $152.40 million by 2027, at a significant CAGR of 15.7%. The hardware
and service segments collectively accounted for around 88.9% share in 2019, with the former constituting
around 74.3% share. The service and software segments are expected to witness considerable CAGRs of 15.7%
TABLE 36. UK ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 253.50 257.85 284.47 314.41 348.28 386.74 430.66 480.7 535.77 11.1%
Software 36.65 39.72 45.26 51.65 59.07 67.68 77.75 89.5 100.33 14.6%
Services 52.28 53.26 61.36 70.75 81.68 94.47 109.48 127.09 152.40 15.7%
Global Robotics
Total 342.44 350.83 391.09 436.81 489.03 548.89 617.89 697.28 788.50 12.3%
Market
2020-2027
144
million by 2027, registering a CAGR of 12.3%. The traditional industrial robots segment was the highest revenue
contributor with $264.24 million in 2019, and is estimated to reach $458.79 million by 2027, registering a CAGR
of 8.3%. The cobots segment is estimated to reach $32.65 million by 2027, at a significant CAGR of 24.0%. The
traditional industrial robots and professional service robots segments collectively accounted for around 92.3%
share in 2019, with the former constituting around 77.7% share. The cobots and professional service robots
segments are expected to witness considerable CAGRs of 24.0% and 21.4%, respectively, during the forecast
2027.
TABLE 37. UK ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 264.24 264.43 285.5 308.51 333.79 361.63 392.42 426.3 458.79 8.3%
Robots
49.75 56.88 70.00 85.54 104.01 125.99 152.24 183.55 220.84 21.4%
Others 21.6 22.99 27.27 32.29 38.2 45.19 53.46 63.26 76.22 18.4%
and Industry Forecast, Total 342.44 350.83 391.09 436.81 489.03 548.89 617.89 697.28 788.5 12.3%
2020-2027
145
million by 2027, registering a CAGR of 12.3%. The manufacturing segment was the highest revenue contributor
with $261.72 million in 2019, and is estimated to reach $586.67 million by 2027, registering a CAGR of 11.7%.
The healthcare segment is estimated to reach $49.53 million by 2027, at a significant CAGR of 15.4%. The
manufacturing and logistics segments collectively accounted for around 83.1% share in 2019, with the former
constituting around 76.4% share. The healthcare and aerospace & defense segments are expected to witness
TABLE 38. UK ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 265.47 266.77 295.86 328.74 366.13 408.81 457.78 513.89 586.67 11.7%
Healthcare 16.71 20.1 23.09 26.56 30.59 35.29 40.81 47.28 49.53 15.4%
Aerospace &
8.24 8.25 9.40 10.73 12.27 14.06 16.15 18.59 22.29 14.6%
Technology Media &

Entertainment
8.01 9.19 10.44 11.87 13.53 15.45 17.69 20.31 21.53 14.2%
2020-2027 Total 342.44 350.83 391.09 436.81 489.03 548.89 617.89 697.28 788.5 12.3%
146
7.3.5.3. Spain
FIGURE 31. SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 13.6%
1,991.15
1,740.86
1,525.05
1,339.22
1,041.19 1,179.37
787.72 816.71 921.30
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
147
The Spain robotics technology market was valued at $787.72 million in 2019, and is projected to reach $1,991.15
$582.49 million in 2019, and is estimated to reach $1,351.33 million by 2027, registering a CAGR of 12.4%. The
TABLE 39. SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 582.49 598.99 668.7 747.8 838.09 941.5 1,060.55 1,197.40 1,351.33 12.4%
Software 87.36 92.07 106.19 122.64 141.89 164.5 191.18 222.63 261.03 16.0%
Services 117.87 125.65 146.41 170.75 199.4 233.22 273.32 320.83 378.78 17.0%
Global Robotics
Total 787.72 816.71 921.3 1,041.19 1,179.37 1,339.22 1,525.05 1,740.86 1,991.15 13.6%
Market
2020-2027
148
2027.
TABLE 40. SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 610.65 604.32 659.85 721.01 788.72 863.85 947.54 1,040.32 1,165.66 9.5%
Robots
115.35 135.93 168.87 208.38 255.91 313.16 382.32 465.75 559.98 22.6%
Others 48.3 57.32 68.53 81.82 97.64 116.5 139.07 166.06 189 19.4%
and Industry Forecast, Total 787.72 816.71 921.3 1,041.19 1,179.37 1,339.22 1,525.05 1,740.86 1,991.15 13.6%
2020-2027
149
with $606.45 million in 2019, and is estimated to reach $1,470.83 million by 2027, registering a CAGR of 13.0%.
TABLE 41. SPAIN ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 606.45 618.33 693.92 780.15 879.1 993.02 1,124.86 1,277.25 1,470.83 13.0%
Healthcare 44.62 47.08 54.73 63.67 74.18 86.58 101.26 118.64 140.67 16.7%
Aerospace &
15.93 20.92 24.08 27.76 32.06 37.11 43.06 50.07 48.62 15.8%
Technology Media &

Entertainment
18.03 21.58 24.79 28.52 32.88 37.99 44.01 51.08 53.34 15.6%
2020-2027 Total 787.72 816.71 921.3 1,041.19 1,179.37 1,339.22 1,525.05 1,740.86 1,991.15 13.6%
150
7.3.5.4. Italy
FIGURE 32. ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 12.9%
3,520.35
3,094.44
2,725.63
2,406.74
1,892.29 2,131.35
1,456.77 1,501.54 1,684.03
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
151
The Italy robotics technology market was valued at $1,456.77 million in 2019, and is projected to reach $3,520.35
$1,073.04 million in 2019, and is estimated to reach $2,379.03 million by 2027, registering a CAGR of 11.7%. The
TABLE 42. ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 1,073.04 1,102.98 1,224.23 1,361.25 1,517.02 1,694.74 1,898.58 2,131.96 2,379.03 11.7%
Software 162.33 160.87 184.67 212.29 244.49 282.15 326.42 378.4 463.4 15.4%
Services 221.39 237.7 275.13 318.76 369.85 429.85 500.63 584.08 677.93 16.3%
Global Robotics
Total 1,456.77 1,501.54 1,684.03 1,892.29 2,131.35 2,406.74 2,725.63 3,094.44 3,520.35 12.9%
Market
2020-2027
152
contributor with $1,118.51 million in 2019, and is estimated to reach $2,034.76million by 2027, registering a
CAGR of 9.0%. The cobots segment is estimated to reach $139.51 million by 2027, at a significant CAGR of
24.0%. The traditional industrial robots and professional service robots segments collectively accounted for
around 91.8% share in 2019, with the former constituting around 77.5% share. The cobots and professional
service robots segments are expected to witness considerable CAGRs of 24.0% and 22.2%, respectively, during
the forecast period. The cumulative share of these two segments was 16.1% in 2019, and is anticipated to reach
31.7% by 2027.
TABLE 43. ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 1,118.51 1,127.56 1,224.64 1,331.20 1,448.80 1,578.90 1,723.44 1,883.22 2,034.76 9.0%
Robots
219.45 240.1 297.65 366.35 448.54 547.05 665.46 807.65 1,004.86 22.2%
Others 92.25 103.31 122.94 146.09 173.5 206.02 244.77 290.89 341.22 18.8%
2020-2027
153
with $1,112.80 million in 2019, and is estimated to reach $2,579.31 million by 2027, registering a CAGR of 12.4%.
TABLE 44. ITALY ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 1,112.80 1,136.94 1,268.55 1,418.05 1,588.88 1,784.80 2,010.65 2,270.64 2,579.31 12.4%
Healthcare 80.63 84.63 97.86 113.27 131.31 152.49 177.47 206.89 244.14 16.2%
Aerospace &
32.28 39.26 44.92 51.46 59.08 67.98 78.42 90.66 92.79 15.1%
Technology Media &

Entertainment
34.34 43.42 49.51 56.56 64.74 74.28 85.45 98.53 96.72 14.8%
2020-2027 Total 1,456.77 1,501.54 1,684.03 1,892.29 2,131.35 2,406.74 2,725.63 3,094.44 3,520.35 12.9%
154
7.3.5.5. France
FIGURE 33. FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 14.1%
2,256.64
1,965.09
1,714.45
1,499.26
1,314.67
1,017.94 1,155.56
862.31 898.25
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
155
The France robotics technology market was valued at $862.31 million in 2019, and is projected to reach
TABLE 45. FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 643.24 661.14 741.49 832.96 937.66 1,057.91 1,196.73 1,356.75 1,546.14 12.8%
Software 91.38 98.97 114.72 133.15 154.8 180.32 210.54 246.28 284.71 16.5%
Services 127.69 138.15 161.73 189.45 222.21 261.02 307.19 362.07 425.78 17.5%
Global Robotics
Total 862.31 898.25 1,017.94 1,155.56 1,314.67 1,499.26 1,714.45 1,965.09 2,256.64 14.1%
Market
2020-2027
156
highest revenue contributor with $665.14 million in 2019, and is estimated to reach $1,312.33 million by 2027,
TABLE 46. FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 665.14 666.7 731.38 802.84 882.2 970.49 1,069.11 1,178.79 1,312.33 10.0%
Robots
127.63 146.96 183.69 228 281.54 346.34 424.94 520.17 638.19 23.3%
Others 58.08 63.45 76.18 91.33 109.43 131.09 157.11 188.33 227.82 19.9%
and Industry Forecast, Total 862.31 898.25 1,017.94 1,155.56 1,314.67 1,499.26 1,714.45 1,965.09 2,256.64 14.1%
2020-2027
157
former constituting around 76.7% share. The healthcare and media & entertainment segments are expected to
TABLE 47. FRANCE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 666.25 685.77 773.17 873.2 988.3 1,121.21 1,275.46 1,454.25 1,673.15 13.5%
Healthcare 43.46 46.38 54.34 63.71 74.78 87.9 103.52 122.09 145.32 17.6%
Aerospace &
22.31 25.47 29.4 33.98 39.35 45.66 53.11 61.91 67.86 16.1%
Technology Media &

Entertainment
20.9 20.84 24.12 27.94 32.43 37.71 43.96 51.35 63.50 16.3%
Opportunity Analysis Others 56.84 64 73.36 84.24 96.92 111.76 129.22 149.73 163.65 15.3%
2020-2027 Total 862.31 898.25 1,017.94 1,155.56 1,314.67 1,499.26 1,714.45 1,965.09 2,256.64 14.1%
158
7.3.5.6. Rest of Europe
FIGURE 34. REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 12.7%
9,225.66
8,125.57
7,171.41
6,345.07
5,008.96 5,630.35
3,879.82 3,990.85 4,466.74
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
159
The rest of Europe robotics technology market was valued at $3,879.82 million in 2019, and is projected to reach
TABLE 48. REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 2,864.28 2,943.55 3,260.61 3,618.34 4,024.43 4,487.07 5,016.94 5,622.69 6,249.93 11.5%
Software 428.49 429.86 492.4 564.82 649.1 747.52 862.98 998.32 1,205.25 15.2%
Services 587.05 617.44 713.74 825.8 956.82 1,110.48 1,291.49 1,504.57 1,770.48 16.1%
Global Robotics
Total 3,879.82 3,990.85 4,466.74 5,008.96 5,630.35 6,345.07 7,171.41 8,125.57 9,225.66 12.7%
Market
2020-2027
160
TABLE 49. REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 3,006.30 2,974.14 3,222.82 3,495.20 3,795.22 4,126.45 4,493.71 4,898.83 5,397.51 8.7%
Robots
560.88 668.15 823.09 1,007.40 1,227.25 1,489.95 1,804.83 2,181.88 2,577.31 21.6%
Others 237.69 279.71 331.82 393.14 465.55 551.3 653.22 774.26 875.17 18.5%
2020-2027
161
TABLE 50. REST OF EUROPE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 2,968.53 3,029.19 3,372.98 3,762.89 4,207.74 4,717.13 5,303.49 5,977.43 6,770.90 12.1%
Healthcare 208.75 228.84 263.95 304.76 352.42 408.26 473.97 551.26 625.54 15.9%
Aerospace &
100 89.34 102.33 117.38 134.9 155.36 179.36 207.49 276.53 15.2%
Technology Media &

Entertainment
98.54 100.47 114.62 130.98 149.97 172.1 198.01 228.32 270.29 14.8%
2020-2027 Total 3,879.82 3,990.85 4,466.74 5,008.96 5,630.35 6,345.07 7,171.41 8,125.57 9,225.66 12.7%
162
7.4. Asia-Pacific
Asia-Pacific is a major consumer of robotics solutions owing to the automation in industries. Concentration of
automotive manufacturing units in the region also contributes to the high demand. Use of robots enable
companies to reduce operating costs, enhance product quality, and make the quality of work better for
employees.

of 20.6% and 19.7%, respectively, during the forecast period.
The cumulative share of these two segments was 25.9% in 2019, and is anticipated to reach 32.1% by
2027.Owing to high growth in automation and intensive R&D in a number of countries including Japan, China,
India, Australia, and Taiwan, Asia-Pacific dominates the industrial robotics market. There has been a significant
growth in the mobile robotics market in China and Japan over the past few years.
Global Robotics The surge in demand is due to the increase in need of robots for security and surveillance. Robotics in Asia-
Technology Pacific is used in a wide range of industries including aerospace, defense, automotive, healthcare, energy,
Market mining, and agriculture.
Opportunity Analysis Robots help in taking care of the elderly and disabled, which increases the use of service robotics. More
and Industry Forecast, companies are investing in robotics to reduce time for production, cost, and labor. Japan is the largest supplier
2020-2027
of robots in the Asia-Pacific region. However, China is catching up.
163
There has been an increase in demand for robot welding and painting applications due to the dominant
automotive sector in the region. The automotive industry is expected to increase its investment in the market.
Labor costs in China are higher as compared to North America, which drives more companies to adopt robotics.
Countries such as India and Taiwan are attracting international robotic players due to increase in automation
opportunities in the countries.
However, high initial installation cost and limited availability of skilled labor and engineers for robotics hinder
the growth of the market in the region. Rise in adoption of robotics technology across different industries such
as manufacturing, automotive, and energy & utility to improve the production process and increase the
operational efficiency the industries during the pandemic situation further drive the growth of the market in
this region. In addition, many governments in the emerging Asian countries such as China and India are
adopting AI-based service robots for healthcare sector to reduce the impact of virus. Thus, all these factors
together propel the growth of the market.
Global Robotics
Technology
Market
2020-2027
164
The Asia-Pacific robotics technology market was valued at $42,081.15 million in 2019, and is projected to reach
$135,356.49 million by 2027, growing at a CAGR of 17.1% from 2020 to 2027. The hardware segment was the
highest contributor with $31,168.72 million in 2019, and is estimated to reach $91,955.13 million by 2027,
registering a CAGR of 15.8%. The service segment is estimated to reach $25,992.87 million by 2027 at a CAGR
of 20.6%.
TABLE 51. ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 31,168.72 32,851.22 37,699.13 43,375.11 50,061.13 57,972.00 67,386.63 78,597.92 91,955.13 15.8%
Software 4,547.35 4,958.06 5,883.38 6,996.74 8,343.55 9,979.52 11,977.38 14,419.85 17,408.49 19.7%
Service 6,365.08 7,007.26 8,391.22 10,065.77 12,102.14 14,588.23 17,638.89 21,386.19 25,992.87 20.6%
Total 42,081.15 44,816.53 51,973.73 60,437.62 70,506.82 82,539.75 97,002.90 1,14,403.97 1,35,356.49 17.1%
Global Robotics
Technology
Market
2020-2027
165
segment was the highest contributor with $32,592.98 million in 2019, and is estimated to reach $78,971.42
million by 2027, registering a CAGR of 13.0%. The cobots segment is estimated to reach $4,828.21 million by
2027 at a CAGR of 30.8%.
TABLE 52. ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 32,592.98 33,641.09 37,772.08 42,479.58 47,872.71 54,071.22 61,228.85 69,479.77 78,971.42 13.0%
Robots
Cobots 579.41 739.76 1,000.19 1,328.53 1,742.90 2,266.31 2,928.99 3,767.62 4,828.21 30.8%
Professional
Service 6,256.25 7,419.90 9,482.72 12,047.80 15,245.92 19,241.98 24,252.11 30,534.97 38,413.54 26.5%
Robots
Others 2,652.51 3,015.78 3,718.73 4,581.70 5,645.29 6,960.24 8,592.94 10,621.60 13,143.32 23.4%
Global Robotics
Technology Total 42,081.15 44,816.53 51,973.73 60,437.62 70,506.82 82,539.75 97,002.90 1,14,403.96 1,35,356.48 17.1%

Market
2020-2027
166
TABLE 53. ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 32,744.10 34,683.28 40,002.70 46,261.88 53,671.58 62,482.76 73,021.74 85,637.74 1,00,750.23 16.5%
Healthcare 2,099.36 2,316.84 2,780.79 3,342.90 4,027.30 4,863.82 5,891.45 7,155.11 8,710.22 20.8%
Aerospace &
962.78 1,053.49 1,254.35 1,496.55 1,790.14 2,147.45 2,584.62 3,120.07 3,776.44 20.0%
Technology Media &

1,018.59 1,109.50 1,315.34 1,562.86 1,862.10 2,225.40 2,668.82 3,210.63 3,873.25 19.6%
Entertainment
Market
Logistics 2,577.88 2,761.96 3,222.19 3,769.19 4,423.13 5,208.41 6,156.80 7,303.40 8,690.85 17.8%
Opportunity Analysis Others 2,678.44 2,891.46 3,398.34 4,004.23 4,732.57 5,611.91 6,679.48 7,977.02 9,555.49 18.6%
2020-2027 Total 42,081.15 44,816.53 51,973.73 60,437.62 70,506.82 82,539.75 97,002.90 1,14,403.96 1,35,356.48 17.1%
167
$135,356.49 million by 2027, registering a CAGR of 17.1%. China was the highest revenue contributor with
$22,892.15 million in 2019, and is estimated to reach $65,350.11 million by 2027, registering a CAGR of 15.4% .
India is estimated to reach $3,789.98 million by 2027, at a significant CAGR of 24.4%. China and Japan collectively
accounted for around 73.9% share in 2019, with the former constituting around 54.4% share. India and Thailand
are expected to witness considerable CAGRs of 24.4% and 23.8%, respectively, during the forecast period. The
TABLE 54. ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
CAGR
COUNTRY 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
China 22,892.15 24,037.35 27,478.51 31,491.02 36,198.20 41,744.48 48,317.15 56,109.42 65,350.11 15.4%
India 715.38 823.5 1,026.48 1,276.74 1,586.40 1,970.64 2,449.32 3,046.01 3,789.98 24.4%
Japan 8,210.03 8,695.53 10,028.33 11,596.47 13,452.70 15,659.85 18,299.60 21,459.32 25,243.98 16.4%
Singapore 639.63 723.79 888.75 1,090.90 1,339.63 1,646.67 2,027.36 2,499.73 3,086.13 23.0%
Global Robotics South

Korea
5,622.04 6,093.37 7,189.27 8,502.82 10,086.00 12,002.31 14,334.60 17,176.33 20,641.86 19.0%
Technology Thailand 492.35 562.45 696.45 861.24 1,064.65 1,316.51 1,629.65 2,019.23 2,504.10 23.8%
Market Rest of
Asia- 3,509.57 3,880.55 4,665.94 5,618.43 6,779.23 8,199.29 9,945.22 12,093.93 14,740.32 21.0%
Opportunity Analysis Pacific
and Industry Forecast, Total 42,081.15 44,816.53 51,973.73 60,437.62 70,506.82 82,539.75 97,002.90 1,14,403.97 1,35,356.49 17.1%
2020-2027
168
7.4.5.1. China
FIGURE 35. CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 15.4%
65,350.11
56,109.42
48,317.15
41,744.48
36,198.20
27,478.51 31,491.02
22,892.15 24,037.35
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
169
The China robotics technology market was valued at $22,892.15 million in 2019, and is projected to reach
TABLE 55. CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 17,075.25 17,746.77 20,078.55 22,771.16 25,899.81 29,550.92 33,836.50 38,867.00 44,771.36 14.1%
Software 2,408.25 2,589.42 3,029.51 3,551.40 4,173.65 4,918.54 5,814.97 6,894.45 8,194.90 17.9%
Services 3,408.64 3,701.15 4,370.46 5,168.46 6,124.74 7,275.02 8,665.68 10,347.98 12,383.85 18.8%
Global Robotics Total 22,892.15 24,037.35 27,478.51 31,491.02 36,198.20 41,744.48 48,317.15 56,109.42 65,350.11 15.4%
Market
2020-2027
170
2027, registering a CAGR of 11.4%. The cobots segment is estimated to reach $2,006.25 million by 2027, at a
TABLE 56. CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 17,970.33 18,299.03 20,266.77 22,479.08 24,980.38 27,817.48 31,051.01 34,727.53 38,896.39 11.4%
Robots
Global Robotics Cobots 212.9 287.85 402.56 545.58 723.96 946.56 1,224.84 1,572.47 2,006.25 32.0%
3,358.28 3,931.31 4,957.12 6,211.60 7,750.04 9,640.89 11,972.99 14,849.36 18,396.06 24.7%
Others 1,350.64 1,519.16 1,852.05 2,254.76 2,743.82 3,339.56 4,068.30 4,960.07 6,051.42 21.8%
Total 22,892.15 24,037.35 27,478.51 31,491.02 36,198.20 41,744.48 48,317.15 56,109.42 65,350.11 15.4%
171
TABLE 57. CHINA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 18,183.23 18,998.22 21,609.79 24,641.33 28,182.11 32,335.80 37,236.82 43,021.20 49,849.07 14.8%
Healthcare 1,080.51 1,176.63 1,393.16 1,651.70 1,961.94 2,335.60 2,787.90 3,335.71 3,999.43 19.1%
Aerospace &
423.5 458.21 539.27 635.72 751.11 889.68 1,056.94 1,258.96 1,503.05 18.5%
Defense
Global Robotics Media &
Technology Entertainment
460.13 494.87 579.11 679.03 798.17 940.82 1,112.50 1,319.27 1,568.40 17.9%
Market Logistics 1,350.64 1,425.72 1,638.41 1,887.49 2,180.94 2,528.15 2,941.31 3,433.20 4,019.03 16.0%
Others 1,394.13 1,483.71 1,718.78 1,995.74 2,323.92 2,714.43 3,181.68 3,741.10 4,411.13 16.8%
172
7.4.5.2. India
FIGURE 36. INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 24.4%
3,789.98
3,046.01
2,449.32
1,970.64
1,586.40
1,026.48 1,276.74
715.38 823.50
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
173
The India robotics technology market was valued at $715.38 million in 2019, and is projected to reach $3,789.98
$527.66 million in 2019, and is estimated to reach $2,565.06 million by 2027, registering a CAGR of 23.0%. The
TABLE 58. INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 527.66 599.81 739.85 910.52 1,119.30 1,375.42 1,690.91 2,079.69 2,565.06 23.0%
Software 80.09 93.86 119.58 151.96 192.82 244.5 310.08 393.31 500.87 27.0%
Services 107.62 129.84 167.05 214.26 274.28 350.71 448.33 573.01 724.05 28.0%
Global Robotics
Total 715.38 823.5 1,026.48 1,276.74 1,586.40 1,970.64 2,449.32 3,046.01 3,789.98 24.4%
Market
2020-2027
174
of 20.0%. The cobots segment is estimated to reach $163.19 million by 2027, at a significant CAGR of 36.0%.
The traditional industrial robots and professional service robots segments collectively accounted for around
91.6% share in 2019, with the former constituting around 77.0% share. The cobots and professional service
robots segments are expected to witness considerable CAGRs of 36.0% and 34.4%, respectively, during the
forecast period. The cumulative share of these two segments was 16.5% in 2019, and is anticipated to reach
32.1% by 2027.
TABLE 59. INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 544.33 614.53 741.64 892.17 1,070.91 1,283.54 1,537.21 1,839.43 2,164.46 20.0%
Robots
108.87 134.16 184.53 251.03 338.64 453.87 605.39 804.2 1,087.65 34.4%
Others 46.69 56.97 75.33 99.05 129.74 169.44 220.89 287.49 374.68 30.8%
and Industry Forecast, Total 715.38 823.5 1,026.48 1,276.74 1,586.40 1,970.64 2,449.32 3,046.01 3,789.98 24.4%
2020-2027
175
with $548.64 million in 2019, and is estimated to reach $2,787.22 million by 2027, registering a CAGR of 23.7%.
TABLE 60. INDIA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 548.64 622.78 772.24 955.49 1,180.99 1,459.27 1,804.10 2,231.61 2,787.22 23.7%
Healthcare 37.8 47.98 61.6 78.86 100.76 128.61 164.14 209.45 253.32 27.8%
Aerospace &
17.26 22.65 28.81 36.55 46.30 58.63 74.25 94.05 108.48 26.8%
Technology Media &

Entertainment
19.58 21.65 27.49 34.82 44.03 55.66 70.38 89.00 118.54 26.6%
Market Logistics 45.74 55.87 69.96 87.42 109.12 136.16 170 212.37 251.81 24.9%
2020-2027 Total 715.38 823.5 1,026.48 1,276.74 1,586.40 1,970.64 2,449.32 3,046.01 3,789.98 24.4%
176
7.4.5.3. Japan
FIGURE 37. JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 16.4%
25,243.98
21,459.32
18,299.60
15,659.85
13,452.70
10,028.33 11,596.47
8,210.03 8,695.53
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
177
The Japan robotics technology market was valued at $8,210.03 million in 2019, and is projected to reach
TABLE 61. JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 6,050.38 6,294.21 7,182.73 8,217.77 9,430.94 10,859.23 12,550.67 14,554.66 17,068.70 15.2%
Software 887.44 999.3 1,177.79 1,391.24 1,647.91 1,957.82 2,334.05 2,791.24 3,238.61 18.9%
Services 1,272.21 1,402.02 1,667.81 1,987.46 2,373.86 2,842.81 3,414.88 4,113.42 4,936.67 19.8%
Market
2020-2027
178
TABLE 62. JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
6,329.81 6,417.16 7,162.83 8,007.76 8,970.38 10,070.60 11,334.02 12,781.90 14,671.41 12.3%
Industrial Robots
Cobots 139.57 195.31 252.07 322.51 410.12 519.29 655.78 826.42 969.37 27.0%
Global Robotics
Professional
Technology Service Robots
1,214.89 1,444.78 1,835.21 2,317.58 2,915.23 3,657.39 4,582.26 5,735.05 7,138.40 25.7%
Market Others 525.77 638.28 778.23 948.62 1,156.97 1,412.56 1,727.53 2,115.95 2,464.81 22.2%
Opportunity Analysis Total 8,210.03 8,695.53 10,028.33 11,596.47 13,452.70 15,659.85 18,299.60 21,459.32 25,243.98 16.4%
and Industry Forecast, Source: AMR Analysis
2020-2027
179
TABLE 63. JAPAN ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 6,218.48 6,558.96 7,524.79 8,655.79 9,988.34 11,565.44 13,442.94 15,679.59 18,325.23 15.8%
Healthcare 448.31 472.32 562.26 670.48 801.34 960.22 1,154.10 1,390.93 1,731.87 19.9%
Aerospace &
230.71 271.46 318.71 375.08 442.68 524.12 622.76 742.36 822.99 18.4%
Defense
Global Robotics Media &
Technology Entertainment
202.94 253.64 297.41 349.57 412.08 487.32 578.39 688.72 722.43 18.3%
Market Logistics 532.42 546.49 633.39 736.06 858.08 1,003.76 1,178.68 1,388.91 1,700.17 17.0%
Others 577.17 592.65 691.77 809.51 950.18 1,118.99 1,322.72 1,568.81 1,941.28 17.8%
180
7.4.5.4. Singapore
FIGURE 38. SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 23.0%
3,086.13
2,499.73
2,027.36
1,646.67
1,339.63
888.75 1,090.90
639.63 723.79
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
181
The Singapore robotics technology market was valued at $639.63 million in 2019, and is projected to reach
TABLE 64. SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 469.43 525.02 637.93 774.74 941.2 1,144.41 1,393.57 1,699.27 2,077.31 21.7%
Software 72.1 85.46 107.18 134.31 168.32 211.05 264.97 333.01 410.19 25.5%
Services 98.1 113.31 143.64 181.85 230.11 291.21 368.82 467.44 598.63 26.7%
Global Robotics
Total 639.63 723.79 888.75 1,090.90 1,339.63 1,646.67 2,027.36 2,499.73 3,086.13 23.0%
Market
2020-2027
182
TABLE 65. SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 488.08 532.58 632.87 750.94 890.37 1,055.38 1,251.27 1,483.51 1,769.17 18.6%
Robots
95.23 122.91 165.9 222.02 295.21 390.62 515.08 677.22 875.47 32.7%
Others 43.34 53.91 69.93 90.42 116.66 150.31 193.58 249.18 312.78 29.0%
and Industry Forecast, Total 639.63 723.79 888.75 1,090.90 1,339.63 1,646.67 2,027.36 2,499.73 3,086.13 23.0%
2020-2027
183
TABLE 66. SINGAPORE ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 485.06 545.28 666.06 813.26 993.41 1,214.62 1,487.44 1,824.17 2,243.12 22.4%
Healthcare 35.06 42.42 53.65 67.76 85.55 108.05 136.57 172.77 212.37 26.4%
Aerospace &
14.57 20.75 25.97 32.5 40.66 50.9 63.81 80.09 84.18 25.3%
Technology Media &

Entertainment
17.35 21.58 26.93 33.59 41.91 52.31 65.39 81.85 95.74 24.9%
2020-2027 Total 639.63 723.79 888.75 1,090.90 1,339.63 1,646.67 2,027.36 2,499.73 3,086.13 23.0%
184
7.4.5.5. South Korea
FIGURE 39. SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 19.0%
20,641.86
17,176.33
14,334.60
12,002.31
10,086.00
7,189.27 8,502.82
5,622.04 6,093.37
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
185
The South Korea robotics technology market was valued at $5,622.04 million in 2019, and is projected to reach
TABLE 67. SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 4,133.93 4,439.55 5,183.37 6,065.80 7,118.57 8,379.86 9,899.29 11,731.20 13,923.11 17.8%
Software 609.61 690.52 832.86 1,006.50 1,219.37 1,481.36 1,805.41 2,206.69 2,655.22 21.5%
Services 878.5 963.3 1,173.04 1,430.52 1,748.06 2,141.10 2,629.91 3,238.43 4,063.54 22.5%
Global Robotics
Total 5,622.04 6,093.37 7,189.27 8,502.82 10,086.00 12,002.31 14,334.61 17,176.33 20,641.87 19.0%
Market
2020-2027
186
TABLE 68. SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 4,321.47 4,486.53 5,122.88 5,857.15 6,708.43 7,698.26 8,854.10 10,201.84 11,948.86 14.8%
Robots
853.64 1,030.29 1,336.73 1,724.24 2,215.23 2,838.36 3,631.45 4,640.77 5,916.73 28.4%
Others 370.27 429.06 536.42 670.14 837.28 1,046.77 1,310.38 1,642.29 2,053.05 25.1%
2020-2027
187
TABLE 69. SOUTH KOREA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 4,225.65 4,634.55 5,439.77 6,400.19 7,552.16 8,939.79 10,620.54 12,658.34 14,864.64 18.4%
Healthcare 320.17 328.23 399.84 487.77 596.24 730.53 897.58 1,105.57 1,464.53 22.6%
Aerospace &
136.84 144.82 174.91 211.66 256.74 312.27 381.01 466.21 595.31 21.7%
Technology Media &

Entertainment
175.41 197.1 236.05 283.33 341 411.64 498.62 605.84 724.53 20.8%
Market Logistics 369.31 384.37 455.75 541.67 645.68 772.11 926.62 1,115.69 1,407.55 19.6%
Opportunity Analysis Others 394.67 404.3 482.94 578.19 694.17 835.97 1,010.24 1,224.68 1,585.30 20.5%
2020-2027 Total 5,622.04 6,093.37 7,189.27 8,502.82 10,086.00 12,002.31 14,334.60 17,176.32 20,641.86 19.0%
188
7.4.5.6. Thailand
FIGURE 40. THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 23.8%
2,504.10
2,019.23
1,629.65
1,316.51
1,064.65
696.45 861.24
492.35 562.45
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
189
The Thailand robotics technology market was valued at $492.35 million in 2019, and is projected to reach
TABLE 70. THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 361.93 409.22 501.43 613.53 750.34 917.84 1,123.77 1,377.07 1,688.53 22.4%
Software 53.85 64.63 81.79 103.32 130.41 164.58 207.85 262.63 324.48 26.3%
Services 76.57 88.59 113.23 144.39 183.9 234.09 298.03 379.53 491.08 27.4%
Global Robotics
Total 492.35 562.45 696.45 861.24 1,064.65 1,316.51 1,629.65 2,019.23 2,504.10 23.8%
Market
2020-2027
190
TABLE 71. THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 374.04 416.44 499.13 596.79 712.49 849.81 1,013.28 1,207.60 1,427.11 19.4%
Robots
74.15 92.99 126.88 171.42 229.84 306.4 406.74 537.99 714.67 33.7%
Others 33.82 39.36 51.66 67.5 87.92 114.25 148.27 192.19 256.12 30.1%
and Industry Forecast, Total 492.35 562.45 696.45 861.24 1,064.65 1,316.51 1,629.65 2,019.23 2,504.10 23.8%
2020-2027
191
TABLE 72. THAILAND ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 373.37 419.02 516.1 634.83 780.58 960.05 1,181.98 1,456.59 1,820.10 23.1%
Healthcare 24.19 33.04 42.13 53.6 68.13 86.55 109.99 139.81 158.11 27.2%
Aerospace &
14.12 17.26 21.77 27.4 34.48 43.37 54.61 68.8 83.07 25.9%
Technology Media &

Entertainment
14.81 18.22 22.9 28.74 36.05 45.22 56.77 71.33 85.11 25.6%
2020-2027 Total 492.35 562.45 696.45 861.24 1,064.65 1,316.51 1,629.65 2,019.23 2,504.10 23.8%
192
7.4.5.7. Rest of Asia-Pacific
FIGURE 41. REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 21.0%
14,740.32
12,093.93
9,945.22
8,199.29
6,779.23
4,665.94 5,618.43
3,509.57 3,880.55
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
193
The rest of Asia-Pacific robotics technology market was valued at $3,509.57 million in 2019, and is projected to
reach $14,740.32 million by 2027, registering a CAGR of 21.0%. The hardware segment was the highest revenue
TABLE 73. REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 2,574.71 2,836.64 3,375.28 4,021.60 4,800.97 5,744.32 6,891.92 8,289.03 9,917.67 19.7%
Software 391.55 434.87 534.67 658 811.06 1,001.66 1,240.07 1,538.52 1,942.28 23.6%
Services 543.31 609.04 755.99 938.83 1,167.20 1,453.31 1,813.24 2,266.38 2,880.36 24.6%
Global Robotics
Total 3,509.57 3,880.55 4,665.94 5,618.43 6,779.23 8,199.29 9,945.22 12,093.93 14,740.32 21.0%
Market
2020-2027
194
reach $14,740.32 million by 2027, registering a CAGR of 21.0%. The traditional industrial robots segment was
the highest revenue contributor with $2,677.77 million in 2019, and is estimated to reach $8,449.02 million by
TABLE 74. REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 2,677.77 2,874.82 3,345.96 3,895.70 4,539.74 5,296.16 6,187.95 7,237.96 8,449.02 16.7%
Robots
525.15 663.45 876.35 1,149.92 1,501.73 1,954.46 2,538.21 3,290.38 4,192.65 30.4%
Others 228.97 279.05 355.12 451.21 572.9 727.35 924 1,174.43 1,456.97 27.1%
2020-2027
195
reach $14,740.32 million by 2027, registering a CAGR of 21.0%. The manufacturing segment was the highest
revenue contributor with $2,680.01 million in 2019, and is estimated to reach $10,791.82 million by 2027,
registering a CAGR of 20.4%. The healthcare segment is estimated to reach $951.28 million by 2027, at a
significant CAGR of 24.5%. The manufacturing and logistics segments collectively accounted for around 82.1%
share in 2019, with the former constituting around 75.2% share. The healthcare and media & entertainment
period. The cumulative share of these two segments was 8.0% in 2019, and is anticipated to reach 9.8% by 2027.
TABLE 75. REST OF ASIA-PACIFIC ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 2,680.01 2,904.48 3,473.95 4,160.99 4,993.98 6,007.79 7,247.92 8,766.24 10,791.82 20.4%
Healthcare 177.36 216.23 268.15 332.73 413.33 514.26 641.17 800.87 951.28 24.5%
Aerospace &
95.17 118.33 144.91 177.65 218.17 268.48 331.24 409.61 466.04 23.1%
Technology Media &

Entertainment
94.17 102.44 125.44 153.79 188.87 232.43 286.77 354.62 453.00 23.1%
Market Logistics 236.92 267.27 322.82 390.48 473.27 574.97 700.51 855.64 1,031.93 21.5%
Opportunity Analysis Others 225.94 271.8 330.66 402.8 491.61 601.35 737.61 906.95 1,046.25 22.4%
2020-2027 Total 3,509.57 3,880.55 4,665.94 5,618.43 6,779.23 8,199.29 9,945.22 12,093.93 14,740.32 21.0%
196
7.5. LAMEA
The LAMEA market for robotics has recorded a slow growth. However, with the advancements of new
technologies and the increase in need of automation in various industries, robots are increasingly used in the
aerospace and healthcare industries.

of 18.8% and 18.0%, respectively, during the forecast period. The cumulative share of these two segments was
23.7% in 2019, and is anticipated to reach 29.8% by 2027.
The adoption of robotics is slowly growing in Latin America. However, in the last few years certain developments
have been made to improve the market growth. Public institutions, privately owned companies, and universities
are investing in the market and developing technologies. Chile and Argentina are adopting advanced robotics
designed for specific purposes.
Global Robotics Manufacturers are finding efficient ways for automation of operations, to address shortage of skilled labor and
Technology to support the workforce. Vendors offer robotic solutions, which are cost-effective and user-friendly. UAE has
Market been adopting robotics technology at a fast pace over the last few years across diverse verticals and is expected
to grow owing to significant investments.
2020-2027
197
In the Middle East, various industries have adopted robotics which include healthcare, aeronautics, aviation,
education, security, and education to upstream their revenue opportunity. Dubai metro and the largest
automated parking facility at Dubai International Financial center are using robots for different operations.
Digital revolution and automation have led to the growth of robotics in the LAMEA market. The market is
expected to provide opportunities for players to deliver custom made solutions for users owing to the increase
in use of robotics in diverse applications. The rise of smartphones and other mobile technologies fuel the growth
of the market. Availability of affordable and energy efficient robots also foster the market growth.
Rise in number of COVID-positive patients in various countries of Latin America and the Middle East has led to
shutdown of many industries, which has enforced governments to adopt robots in manufacturing and other
industries. In addition, the UAE Government has launched robot pharmacy for public to reduce the impact of
COVID-19 across the country. The robot can store 35,000 medicines and dispense around 12 prescriptions in
less than a minute to the patients.
Global Robotics
Technology
Market
2020-2027
198
The LAMEA robotics technology market was valued at $2,823.82 million in 2019, and is projected to reach
$7,953.24 million by 2027, growing at a CAGR of 15.2% from 2020 to 2027. The hardware segment was the
highest contributor with $2,155.66 million in 2019, and is estimated to reach $5,584.92 million by 2027,
registering a CAGR of 14.0%. The service segment is estimated to reach $1,448.60 million by 2027 at a CAGR of
18.8%.
TABLE 76. LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 2,155.66 2,235.44 2,524.02 2,857.28 3,244.61 3,696.83 4,227.96 4,851.90 5,584.92 14.0%
Software 269.09 289.39 338.67 397.16 466.97 550.63 651.44 773.02 919.72 18.0%
Service 399.07 433.11 511.24 604.4 716.09 850.51 1,013.13 1,210.04 1,448.60 18.8%
Total 2,823.82 2,957.94 3,373.93 3,858.84 4,427.67 5,097.97 5,892.54 6,834.96 7,953.24 15.2%
Global Robotics
Technology
Market
2020-2027
199
segment was the highest contributor with $2,234.01 million in 2019, and is estimated to reach $4,778.21 million
by 2027, registering a CAGR of 11.2%. The cobots segment is estimated to reach $267.56 million by 2027 at a
CAGR of 29.7%.
TABLE 77. LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
2,234.01 2,269.74 2,508.66 2,777.41 3,081.48 3,426.68 3,820.57 4,268.99 4,778.21 11.2%
Industrial Robots
Cobots 33.85 43.47 58.71 77.59 101.02 130.11 166.34 211.44 267.56 29.7%
Professional Service
398.45 467.25 589.85 739.69 923.38 1,149.12 1,427.58 1,771.14 2,195.01 24.7%
Robots
Others 157.51 177.49 216.7 264.15 321.8 392.06 478.06 583.39 712.45 22.0%
Market
2020-2027
200
registering a CAGR of 14.5%. The healthcare is estimated to reach $481.17 million by 2027 at a CAGR of 19.8%.
TABLE 78. LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 2,252.75 2,346.83 2,662.15 3,027.92 3,454.93 3,955.71 4,546.52 5,243.83 6,067.05 14.5%
Healthcare 123.81 135.84 161.97 193.29 231 276.58 331.96 399.28 481.17 19.8%
Aerospace &
44.10 47.93 56.64 67.04 79.52 94.54 112.72 134.75 161.46 18.9%
Technology Media &

52.68 56.71 66.42 77.96 91.74 108.26 128.18 152.21 181.22 18.1%
Market Entertainment
Logistics 150.75 158.89 182.35 209.83 242.23 280.58 326.26 380.7 445.61 15.9%
and Industry Forecast, Others 199.73 211.74 244.39 282.8 328.26 382.29 446.9 524.19 616.73 16.5%
2020-2027
Total 2,823.82 2,957.94 3,373.93 3,858.84 4,427.67 5,097.97 5,892.54 6,834.96 7,953.24 15.2%
201
$7,953.24 million by 2027, registering a CAGR of 15.2%. Latin America was the highest revenue contributor with
$1,604.21 million in 2019, and is estimated to reach $4,316.22 million by 2027, registering a CAGR of 14.5%.
Africa is estimated to reach $516.96 million by 2027, at a significant CAGR of 17.4%. Latin America and Middle
East collectively accounted for around 94.4% share in 2019, with the former constituting around 56.8% share.
Africa and Middle East are expected to witness considerable CAGRs of 17.4% and 15.8%, respectively, during
the forecast period. The cumulative share of these two segments was 43.2% in 2019, and is anticipated to reach
45.7% by 2027.
TABLE 79. LAMEA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COUNTRY, 2019–2027 ($MILLION)
CAGR
COUNTRY 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Latin America 1,604.21 1,671.01 1,895.30 2,155.45 2,459.13 2,815.22 3,235.30 3,731.04 4,316.22 14.5%
Middle East 1,062.60 1,118.99 1,283.10 1,475.24 1,701.55 1,969.34 2,288.07 2,667.69 3,120.05 15.8%
Africa 157 167.94 195.52 228.15 266.99 313.4 369.17 436.24 516.96 17.4%
Global Robotics
Market
2020-2027
202
7.5.5.1. Latin America
FIGURE 42. LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 14.5%
4,316.22
3,731.04
3,235.30
2,815.22
2,459.13
1,895.30 2,155.45
1,604.21 1,671.01
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
203
The Latin America robotics technology market was valued at $1,604.21 million in 2019, and is projected to reach
CAGR of 13.3%. The service segment is estimated to reach $768.72 million by 2027, at a significant CAGR of
TABLE 80. LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 1,235.08 1,273.81 1,430.39 1,610.34 1,818.52 2,060.46 2,343.33 2,674.03 3,060.63 13.3%
Software 148.55 158.96 185.08 215.92 252.55 296.23 348.6 411.44 486.87 17.3%
Services 220.58 238.24 279.84 329.19 388.05 458.53 543.37 645.56 768.72 18.2%
Global Robotics
Total 1,604.21 1,671.01 1,895.30 2,155.45 2,459.13 2,815.22 3,235.30 3,731.04 4,316.22 14.5%
Market
2020-2027
204
TABLE 81. LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 1,284.49 1,298.34 1,427.64 1,572.46 1,735.65 1,920.19 2,129.96 2,367.81 2,636.78 10.7%
Robots
224.59 262.1 329.21 410.72 510.02 631.31 780.03 962.42 1,186.10 24.1%
Others 82.78 93.24 113.72 138.38 168.2 204.39 248.47 302.21 367.74 21.7%
2020-2027
205
TABLE 82. LATIN AMERICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 1,303.58 1,350.76 1,524.01 1,724.04 1,956.48 2,227.83 2,546.50 2,920.84 3,360.61 13.9%
Healthcare 65.77 71.96 85.53 101.71 121.11 144.46 172.68 206.84 248.18 19.3%
Aerospace &
20.85 22.66 26.77 31.66 37.5 44.52 52.98 63.19 75.53 18.8%
Technology Media &

Entertainment
24.38 26.21 30.66 35.92 42.17 49.65 58.64 69.44 82.44 17.8%
2020-2027 Total 1,604.21 1,671.01 1,895.30 2,155.45 2,459.13 2,815.22 3,235.30 3,731.04 4,316.22 14.5%
206
7.5.5.2. Middle East
FIGURE 43. MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 15.8%
3,120.05
2,667.69
2,288.07
1,969.34
1,701.55
1,283.10 1,475.24
1,062.60 1,118.99
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
207
The Middle East robotics technology market was valued at $1,062.60 million in 2019, and is projected to reach
TABLE 83. MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 803.28 835.74 948.56 1,079.39 1,232.05 1,410.98 1,621.95 1,870.77 2,168.93 14.6%
Software 107.48 113.63 133.54 157.26 185.68 219.87 261.24 311.31 378.6 18.5%
Services 151.84 169.62 201 238.59 283.83 338.49 404.88 485.6 572.53 19.3%
Global Robotics
Total 1,062.60 1,118.99 1,283.10 1,475.24 1,701.55 1,969.34 2,288.07 2,667.69 3,120.05 15.8%
Market
2020-2027
208
TABLE 84. MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 830.14 844.13 937.5 1,042.88 1,162.50 1,298.73 1,454.63 1,632.68 1,845.31 11.7%
Robots
149.34 177.87 225.58 284.21 356.49 445.77 556.47 693.75 859.09 25.3%
Others 65.4 74.32 90.6 110.37 134.45 163.88 200.01 244.4 296.87 22.0%
2020-2027
209
TABLE 85. MIDDLE EAST ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 819.61 867.38 989.14 1,130.98 1,297.25 1,493.05 1,724.96 1,999.81 2,300.48 15.1%
Healthcare 47.36 55.81 66.64 79.66 95.39 114.46 137.71 166.05 190.54 20.1%
Aerospace &
25.68 21.26 25.1 29.69 35.2 41.85 49.91 59.69 89.44 18.9%
Technology Media &

Entertainment
26.18 25.86 30.28 35.53 41.81 49.35 58.45 69.45 89.03 18.1%
2020-2027 Total 1,062.60 1,118.99 1,283.10 1,475.24 1,701.55 1,969.34 2,288.07 2,667.69 3,120.05 15.8%
210
7.5.5.3. Africa
FIGURE 44. AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, 2019–2027 ($MILLION)
CAGR 17.4%
516.96
436.24
369.17
313.40
266.99
195.52 228.15
157.00 167.94
2019 2020 2021 2022 2023 2024 2025 2026 2027

Global Robotics
Technology
Market
2020-2027
211
The Africa robotics technology market was valued at $157.00 million in 2019, and is projected to reach $516.96
$118.78 million in 2019, and is estimated to reach $359.66 million by 2027, registering a CAGR of 16.2%. The
service segment is estimated to reach $97.30 million by 2027, at a significant CAGR of 21.0%. The hardware and
service segments collectively accounted for around 90.2% share in 2019, with the former constituting around
75.7% share. The service and software segments are expected to witness considerable CAGRs of 21.0% and
and is anticipated to reach 30.4% by 2027.
TABLE 86. AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY COMPONENT, 2019–2027 ($MILLION)
CAGR
COMPONENT 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Hardware 118.78 125.88 145.07 167.55 194.04 225.38 262.68 307.1 359.66 16.2%
Software 15.05 16.81 20.06 23.98 28.74 34.53 41.6 50.26 60.01 20.2%
Services 23.18 25.25 30.39 36.62 44.21 53.49 64.88 78.88 97.30 21.0%
Global Robotics
Total 157.00 167.94 195.52 228.15 266.99 313.4 369.17 436.24 516.96 17.4%
Market
2020-2027
212
contributor with $122.53 million in 2019, and is estimated to reach $305.32 million by 2027, registering a CAGR
2027.
TABLE 87. AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY ROBOT TYPE, 2019–2027 ($MILLION)
CAGR
ROBOT TYPE 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Traditional
Industrial 122.53 127.27 143.53 162.08 183.33 207.76 235.97 268.5 305.32 13.3%
Robots
22.29 27.28 35.06 44.75 56.87 72.03 91.07 114.97 143.09 27.0%
Others 9.41 9.93 12.38 15.41 19.15 23.79 29.58 36.79 48.37 24.4%
and Industry Forecast, Total 157.00 167.94 195.52 228.15 266.99 313.4 369.17 436.24 516.96 17.4%
2020-2027
213
with $121.20 million in 2019, and is estimated to reach $381.48 million by 2027, registering a CAGR of 16.8%.
TABLE 88. AFRICA ROBOTICS TECHNOLOGY MARKET REVENUE, BY APPLICATION, 2019–2027 ($MILLION)
CAGR
APPLICATION 2019 2020 2021 2022 2023 2024 2025 2026 2027
2020-2027
Manufacturing 121.20 128.69 149 172.9 201.19 234.83 275.05 323.17 381.48 16.8%
Healthcare 7.58 8.08 9.81 11.92 14.5 17.67 21.57 26.39 33.48 21.9%
Aerospace &
3.5 4.00 4.77 5.69 6.81 8.17 9.83 11.87 13.86 20.0%
Technology Media &

Entertainment
3.99 4.63 5.49 6.52 7.76 9.26 11.09 13.31 15.14 19.4%
2020-2027 Total 157.00 167.94 195.52 228.15 266.99 313.4 369.17 436.24 516.96 17.4%
214
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Key players positioning analysis, 2019
Leading market players with diverse product offerings seek growth opportunities in the global robotics
technology market to consolidate their position. The following figure depicts the competitive strength and
rankings of leading companies, ABB Ltd, Denso Corporation, Fanuc Corporation, KUKA AG, Kawasaki Robotics
(Kawasaki Heavy Industries, Ltd.), Mitsubishi Electric Corporation, OMRON Corporation, Seiko Epson
Corporation, Stäubli International AG and Yaskawa Electric Corporation. The parameters considered for the
representation are geographical outreach, key strategies adopted, and their focus on the offering for the
industrial sectors.
The leading market players such as Fanuc Corporation, KUKA AG, Kawasaki Robotics, ABB Ltd, and Yaskawa
Electric Corporation hold majority of the market share. However, other players in the market are adopting
various strategies such as partnering, collaborating, and expanding their business to strengthen their position
in the industry.
Global Robotics
Technology
Market
2020-2027
215
FIGURE 45. KEY PLAYER POSITIONING ANALYSIS
5.0 FANUC Corporation Mitsubishi Electric Corporation

4.5 High Seiko Epson
Corporation
COMPETITIVE STRENGTH
4.0 Stäubli International AG
ABB Ltd KUKA AG
3.5
Yaskawa Electric OMRON
3.0 Medium
Corporation Corporation DENSO Kawasaki (Kawasaki
2.5 Corporation Heavy Industries, Ltd.)
2.0
Low
1.5
1.0
0 2 4 6 8 10 12
MARKET POSITIONING
Global Robotics
Technology
Market
2020-2027
216
8.2. Top winning strategies
Top winning strategies are analyzed by performing a thorough study of the leading players in the robotics
technology market. Comprehensive analysis of recent developments and growth curves of various companies
have helped to understand the growth strategies adopted by them and their potential effect on the market. The
companies have been evaluated on the basis of annual reports, SEC filings, and press releases. The key strategies
traced from the analysis of recent developments of the key players in the robotics technology market are as
follows:
 Acquisition: This strategy is adopted when one company acquires the other company or its business
segment.
 Agreement: This strategy is adopted to enhance the capabilities of the market players and improve
market outreach.
 Expansion: This strategy is adopted to enhance product portfolios, expand geographical reach, and
increase customer base.
 Collaboration: This strategy is adopted when two or more companies agreeing to cooperate with each
other for a specific purpose or to achieve a common goal.
Global Robotics  Partnership: This strategy is adopted when two or more companies agree to cooperate to develop their
Technology mutual interests.
Market  Product development: This strategy is adopted to update existing product by adding new features and
relaunching the product.
and Industry Forecast,  Product launch: This strategy is adopted to introduce new and unique products in the market.
2020-2027
217
FIGURE 46. TOP WINNING STRATEGIES, BY YEAR, 2018–2020
18.0
16
16.0
14.0
No of Developments
12.0
10
10.0
8
8.0
6.0 5
4.0
2.0
0.0
2017 2018 2019 2020
Source: Company Website, Annual Report, Secondary Research, and AMR Analysis
Global Robotics
Technology
Market
2020-2027
218
FIGURE 47. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2020
2.6%
Acquisition
2.6%
7.7%
Agreement
7.7%
Business Expansion
48.7%
Collaboration
23.1% Partnership
Product Development
7.7%
Product Launch
Global Robotics
Technology
Market
2020-2027
219
FIGURE 48. TOP WINNING STRATEGIES, BY COMPANY, 2018-2020
7.0
6.0
1
No of Development
5.0
1
4.0 2
3.0 2 2 2
1 1 1 5
2.0 2 2 2
1 1 1 1 1
1.0 2
1 1 1 1 1 1 1 1
0.0
ABB Ltd Denso Fanuc Kawasaki KUKA AG Mitsubishi OMRON Seiko Stäubli Yaskawa
Corporation Corporation (Kawasaki Electric Corporation Epson International Electric
Heavy Corporation Corporation AG Corporation
Industries,
Ltd.)
Acquisition Agreement Business Expansion Collaboration Partnership Product Development Product Launch
Global Robotics
Technology
Market
2020-2027
220
CHAPTER 9: COMPANY PROFILE
9.1. ABB LTD.
Affolternstrasse 44
Zurich, 8050
Switzerland.
Tel: +41-43-317-7111
Website: www.new.abb.com
9.1.1. Company overview

ABB Ltd. is the leading manufacturer and seller of electrical, robotics and motion products, and industrial
automation, for utilities, industry, infrastructure, and transport operations globally. Through its different
segments, it offers, solar power products, charging systems for electric vehicle, UPS solutions, sensing and
measuring devices, circuit breakers, switchgears, control devices, wiring and cabling accessories; for robotics
and motion related industry, it offers, generators, drives, motors, robotics; and for industrial automation
Global Robotics applications, it offers, process control software, sensing, analytical & measurement related instrumentation,
Technology propulsion systems for electric ship, factory and machine automation, cybersecurity services, maintenance, and
Market monitoring. It serves different industries such as oil & gas, building, rail, wind & solar, marine, utilities,
transportation & infrastructure, process industry, minerals & mining, chemical, pharmaceuticals, paper & pulp,
and Industry Forecast, food & beverage, manufacturing companies, and the power generation industry.
2020-2027
221
9.1.2. Key Executives
TABLE 89. ABB LTD.: KEY EXECUTIVES
Designation Name
Chief Executive Officer and Chairman Peter Robert Voser
Vice President and Chief Financial Officer Timo J. Ihamuotila
General Counsel, Company Secretary and

Diane de Saint Victor
Heal of Legal & Integrity
President of Electrification Products

Tarak Mehta
Division
President of Industrial Automation

Peter Terwiesch
Division
Source: Corporate Publications and AMR Analysis
9.1.3. Company snapshot

TABLE 90. ABB LTD.: COMPANY SNAPSHOT
Information Description
Global Robotics Year of Foundation 1883
Technology Primary Business Electrical Equipment
Market Geographical Presence Worldwide
Key Strategic Moves Business Expansion, Partnership, Collaboration, Product Development, and Product Launch
and Industry Forecast, 2019: 27,978
2020-2027 Overall Financial Status ($Million) 2018: 27,662
2017: 25,196
222
Workforce 110,000 (as of December 31, 2018)
9.1.4. Operating business segments

ABB Ltd. operates through four reportable segments:
TABLE 91. ABB LTD.: OPERATING SEGMENTS
Segment Description
Manufactures and sells products and services related to the flow of electrical power from substation
to the electric socket. This includes, automation products, substation components and equipment,
Electrification Products
safety equipment, sensing and measuring devices, UPS and circuit breakers, ventilation, security and
lighting applications.
Includes, development and sells of automation and electrification solutions; process and control
solutions, software and sensing, analytical and measurement instrumentation, manufacturing
Industrial Automation execution systems, electric ship propulsion systems, solutions for modern factory and machine
automation and large turbochargers. Also, the services such as, remote monitoring, cybersecurity
Services, preventive maintenance are provided by this segment.
Includes, manufacturing and sells of motors, robotics, drives, generators, wind converters, and
Robotics and Motion
systems for a wide range of applications in industry, transportation and infrastructure, and utilities.
Global Robotics
Includes, headquarters, the Company’s real estate activities, Group Treasury Operations, central
Technology Corporate and Other
research and development, historical operating activities and non-core operating activities
Market Source: Corporate Publications and AMR Analysis
2020-2027
223
9.1.5. Product portfolio
ABB Ltd. offers the following robotics technology products:
TABLE 92. ABB LTD.: PRODUCT PORTFOLIO
Product Category Product
 Industrial Robots
 Controllers
Robotics Technology
 Application Equipment and Accessories
 RobotStudio
9.1.6. R&D Expenditure

FIGURE 49. R&D EXPENDITURE, 2017–2019 ($MILLION)
R&D expenditure
($Million)
Global Robotics
Technology 1,147.0
1,198.0
Market
1,013.0
2020-2027 2017 2018 2019
224
9.1.7. Business performance
ABB Ltd. had reported net revenue of $27,978 million in the financial year of 2019. The revenue was increased
by 1.1% compared to the previous year, 2018. The growth in revenue was mainly driven by sales of electrification
products.
FIGURE 50. ABB LTD.: REVENUE, 2017–2019 ($MILLION)
Net Sales ($Million)
27,978.0
27,662.0
25,196.0
2017 2018 2019

Global Robotics Source: Corporate Publications and AMR Analysis
Technology
Market
2020-2027
225
FIGURE 51. ABB LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
11.0% Electrification
Industrial Automation
23.0% 44.2%
Motion
21.8%
Robotics & Discrete Automation
FIGURE 52. ABB LTD.: REVENUE SHARE BY REGION, 2019 (%)
Europe
31.9%
36.1%
Global Robotics Americas

Technology
Market
32.0% Asia, Middle East, & Africa
2020-2027 Source: Corporate Publications and AMR Analysis
226
9.1.8. Key strategic moves and developments
ABB Ltd. has business expansion adopted partnership, collaboration, product development, and product launch
as its key developmental strategies to sustain the intense competition and improve its product portfolio.
Date Strategy Description
ABB Ltd. started a new innovative robotics facility in India, which is focused to provide leading
July 2020 Business expansion digital solution and robotic applications for different industry verticals such as automotive, food
& beverage and consumer electronics.
ABB LTD. entered into a partnership with Covariant AI technology focused on development and
February 2020 Partnership integration of AI-enabled robots in the industry. This partnership is aimed to provide intelligent
robots, which can operate alongside humans in dynamic environments.
ABB Ltd collaborated with B&R for developing a fully integrated machine centric robotics
November 2019 Collaboration solution which will enable manufacturers to embrace the trend of mass customization and
optimize their lot size one processes.
ABB Ltd. partnered with Exeger to enhance the production quality of Exeger unique photovoltaic
November 2019 Partnership material in its Stockholm factory and develop automation solutions for Exeger’s new, fully
automated factory.
ABB Ltd updated their RobotStudio® to provide 3D printing technology which will enable users
December 2019 Product development
to program ABB robots for additive manufacturing in just 30 minutes.
Global Robotics December 2018 Product launch

ABB launched IRB 910INV invert-mounted SCARA robot for mall parts assembly applications.
This robot offers repeatable accuracy for applications including assembly and testing, picking
Technology and placing, electronics small parts assembly tasks.
2020-2027
227
9.2. DENSO CORPORATION
1-1 Showa-cho, Kariya
Aichi 448-8661,
Japan
Tel.: +81-566-25-5594
Fax: +81-566-25-4509
Company website: Worlddenso.com

Denso Corporation is a leading automotive supplier of advanced technology, systems, and components in the
areas of thermal, power train control, electronics, information, and safety. In addition, it provides various
products, which include automobile air conditioners, air bags, ignition systems, generators, power steering
systems, and spark plugs with iridium electrode. Furthermore, it has its operations in Japan, the U.S., Canada,
Europe, and Asia-Pacific.

Global Robotics
TABLE 93. DENSO CORPORATION: KEY EXECUTIVES
Technology
Market Designation Name
Chief Executive Officer and President Koji Arima

Executive Vice President and Chief
and Industry Forecast, Technical Officer
Hiroyuki Wakabayashi
2020-2027
Chief Operating Officer and Vice President Toshiyuki Kato
228
TABLE 94. DENSO CORPORATION: COMPANY SNAPSHOT
Year of Foundation 1949
Primary Business Auto and Truck Parts
Geographical Presence Worldwide
Key Strategic Move Agreement, Partnership, and Product Launch
2019:473,953
Overall Financial Status ($Million) 2018: 481,035
2017: 460,787

Denso Corporation offers the following Robotics Technology products:
Global Robotics TABLE 95. DENSO CORPORATION: PRODUCT PORTFOLIO

Technology Brand Product/Solution/Service
Market
 Configurator  Collaborative
Opportunity Analysis Robotics Technology  4-Axis Robots  Integrated Robots
and Industry Forecast,  5- and 6-Axis Robots  Controllers
229
9.2.5. R&D Expenditure
FIGURE 53. R&D EXPENDITURE, 2017–2019 ($MILLION)
R&D expenditure
($Million) 4,574.5
4,013.1
3,691.1
2017 2018 2019

Global Robotics
Technology
Market
2020-2027
230
Denso Corporation had reported net revenue of $473,953 million in 2018. It was 1.5% increase in the revenue
compared with the previous year, 2018. The increase in revenue mainly is caused by increase in the vehicle
production in the Asia-Pacific region and growth in common rail system sales in North America.
FIGURE 54. DENSO CORPORATION: REVENUE, 2016–2018 ($MILLION)
Revenue ($Million)
48,103.5
47,395.3
46,078.7
2017 2018 2019

Technology
Market
2020-2027
231
FIGURE 55. DENSO CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
1.2%
Japan
21.1%
North America
44.9%
Europe
10.6%
Asia
22.2%
Others

Denso Corporation adopted agreement, partnership, and product launch as its key development strategies to
expand its business and provide quality products to customers.

Global Robotics Denso Corporation established an agreement with Kitov.ai, to adopt Kitov's robotics technology
October 2019 Agreement
Technology for smart quality inspection across Denso’s global manufacturing facilities.
Market March 2017 Partnership

Denso Corporation partnered with Kubik Automation for providing high-quality smart
automation solutions with top standards in both quality and innovation.
Opportunity Analysis DENSO launched a newly designed HSR four-axis SCARA robot that uses advanced vibration
and Industry Forecast, September 2017 Product launch control system and highly rigid lightweight arm. This robot help to improve heat dissipation in
base unit and achieve new level of high-speed performance and repeatability.
2020-2027
232
9.3. FANUC CORPORATION
Oshino - mura
Yamanashi Prefecture, 401-0597
Japan
Tel: +81-5-5584-5555
Website: www.fanuc.co.jp

Fanuc Corporation designs and manufactures factory automation products such as computer numerical control
systems and robotics. The robot segment is involved in the manufacture, development, sale, and maintenance
of robotic products. Robot machine division is involved in the manufacture, development, maintenance, and
sale of robodrill, roboshot, robonano, and robocut products. It provides wire-cut electric discharge machines,
electric injection molding machines, compact machining centers lasers, robots, and CNC series. It has 240 joint
ventures and subsidiaries across more than 46 countries.

Global Robotics
Technology TABLE 96. FANUC CORPORATION: KEY EXECUTIVES
Chairman Yoshiharu Inaba

and Industry Forecast, President and CEO Kenji Yamaguchi
2020-2027
233
TABLE 97. FANUC CORPORATION: COMPANY SNAPSHOT
Primary business Factory automation system, robot, robomachine, and service
Geographical Presence Americas, Europe, and Asia-Pacific
Key Strategic Move Partnership, Business Expansion and Product Launch
2018: 5,725.8
Overall Financial Status ($Million) 2017: 6,854.6
2016: 4,794.1
Workforce Approximately 7000

Fanuc Corporation operates its business through three reportable segments
Global Robotics TABLE 98. FANUC CORPORATION.: OPERATING SEGMENTS

Technology Segment Description
Market Factory automation system Provides laser products and computer numeric control (CNC) systems
Opportunity Analysis Robot Designs and manufactures robotic products

and Industry Forecast, Robomachine Manufactures robodrill, roboshot, robocut, and robonano products
234
Fanuc Corporation offers products through the following product category
TABLE 99. FANUC CORPORATION.: PRODUCT PORTFOLIO
Product Category Brand/Product
 Robot by Series
 Robot Finder Tool
 FANUC Zero Down Time - ZDT
Robotics Technology
 ROBOGUIDE Software
 Robot Software
 Robot Controllers
Global Robotics
Technology
Market
2020-2027
235
Fanuc Corporation registered decline in net sales by 16% from 2017 to 2018, owing to decline sales of robo-
machine and service in 2018.
FIGURE 56. FANUC CORPORATION: REVENUE, 2016–2018 ($MILLION)
Revenue ($Million)
6,854.6
5,725.8
4,794.1
2016 2017 2018

Global Robotics
Technology
Market
2020-2027
236
FIGURE 57. FANUC CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
Robot
14.5%
34.2%
FA
18.1%
Robomachine
33.2% Service
FIGURE 58. FANUC CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
0.7%
Asia
19.2%
Japan
36.3%
Global Robotics America
Technology 20.2%
Market Europe
23.5%
Opportunity Analysis Others
237
Fanuc Corporation adopted partnership, business expansion and product launch as its key developmental
strategies to sustain the intense competition and improve its product portfolio.
TABLE 100. FANUC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
Fanuc Corporation partnered with Soft Robotics to expand its robotic automation technology in
January 2020 Partnership
the food & beverages, grocery, and consumer goods industries.
Fanuc Corporation established new headquarters in Auburn Hills for providing engineering,
July 2018 Business expansion product development, manufacturing and warehousing facilities in the North American region
to match the growing demand for automation.
Fanuc Corporation launched new SR-3iA and SR-6iA SCARA robots. This robot offers high-speed
and precise operation for assembly, testing / inspection and packaging, pick and place in
November 2017 Product launch
different industries such as auto component, plastics, consumer electronics, food and beverage,
and lab automation.
Global Robotics
Technology
Market
2020-2027
238
9.4. KAWASAKI ROBOTICS (KAWASAKI HEAVY INDUSTRIES, LTD.)
Kobe Crystal Tower,
1-1-3, Higashikawasaki-cho, Chuo
Kobe-SHI HYG 650-8680
Japan
Tel: +81-78-3719530
Website: www.khi.co.jp

Kawasaki Robotics manufactures industrial and transportation equipment. It operates through seven business
segments, which include ship & offshore structure, rolling stock, aerospace, gas turbine & machinery, plant &
infrastructure, precision machinery, and motorcycle & engine. Its machinery business segment is largely
involved in the production and sale of industrial robots and hydraulic machinery. In addition, it offers system
integration, project management, feasibility studies, application engineering, 3D simulations, field service &
programming, production support, refurbishing & overhaul, and maintenance services. It provides robots that
Global Robotics range from small compact tabletop units to large industrial robots, payloads, dual Arm SCARA, and C controllers.
Technology
Market
2020-2027
239
TABLE 101. HARRIS CORPORATION: KEY EXECUTIVES
Designation Name
President Yoshinori Kanehana
General Manager, and Finance &

Nobuhisa Kato
Accounting Division

TABLE 102. KAWASAKI: COMPANY SNAPSHOT
Year of Incorporation 1878
Ship & offshore structure, rolling stock, aerospace, gas turbine & machinery, plant & infrastructure,
Primary Business
motorcycle & engine, and precision machinery
Geographical Presence Europe, Asia-Pacific, and North America
Key Strategy Product Launch, Collaboration, and Business Expansion

Global Robotics 2018: 14,396.5
Technology Overall Financial Status ($million) 2017: 14,789.0
Market 2016: 13,582.2
Workforce 35,691 (as of March 31, 2019)

and Industry Forecast, Source: Corporate Publications and AMR Analysis
Note: The financial are of Kawasaki Heavy Industries, Ltd., a parent company of Kawasaki Robotics.
2020-2027
240
Kawasaki (Kawasaki Heavy Industries, Ltd.) operates its business through seven reportable segments
TABLE 103. KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): OPERATING SEGMENTS
Segment Description
Manufactures LNG & LPG carriers, submarines, ships, oil tankers, car carriers, container ships, and
Ship & Offshore Structure
other vessels.
Produces rolling stocks, electric trains, coaches, freight cars, electric & diesel locomotives, bogies,
Rolling Stock
and snow plows.
Aerospace Offers aircrafts, aircraft engines, and related equipment.
Provides aircraft & marine engines, power-generating gas turbines, gas engines, steam turbines,
Gas Turbine & Machinery
compressors, aerodynamic machinery, and marine propulsion systems.
Manufactures municipal waste incineration plants, tunnel boring machines, crushing machines, and
Plant & Infrastructure
large-diameter shield machines.
Motorcycle & Engine Offers motorcycles, utility vehicles, and general-purpose gasoline engines.
Precision Machinery Offers hydraulic systems, hydraulic components, hydraulic marine machinery, and industrial robots.
Global Robotics
Technology
Market
2020-2027
241
Kawasaki offers industrial controls through the following product category
TABLE 104. KAWASAKI: PRODUCT PORTFOLIO
 ARC Welding Robot

 Spot Welding Robot
 Pick & Place Robot
 Painting Robot
 Palletizing Robot
Robotic Technology  Medical & Pharmaceutical Robot
 Dual ARM SCARA Robot
 Clean Robot
 Controllers
 Vision System
 Simulation & OLP
Global Robotics
Technology
Market
2020-2027
242
Kawasaki (Kawasaki Heavy Industries, Ltd.) registered decline in net sales of 2.7% from 2017 to 2018, due to the
impact of US currency rate in 2018.
FIGURE 59. KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): NET SALES, 2016–2018 ($MILLION)
Revenue ($Million)
14,789.0
14,396.5
13,582.2
2016 2017 2018

Global Robotics Note: The financial are of Kawasaki Heavy Industries, Ltd., a parent company of Kawasaki Robotics. The financial year ended in March 31, 2019
Technology
Market
2020-2027
243
FIGURE 60. KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): REVENUE SHARE BY SEGMENT, 2018 (%)
Aerospace Systems
6.0%
4.9%
Motorcycle & Engine
7.8% 29.1%
Energy System & Plant Engineering
13.9% Precision Machinery & Robot
Rolling Stock
15.9% 22.4% Ship & Offshore Structure
Others
Note: The financial are of Kawasaki Heavy Industries, Ltd., a parent company of Kawasaki Robotics.
Note: The financial year ended in March 31, 2019
Global Robotics
Technology
Market
2020-2027
244
Kawasaki (Kawasaki Heavy Industries, Ltd.) adopted product launch, collaboration, and business expansion as
its key developmental strategies to sustain the intense competition and improve its product portfolio.
TABLE 105. KAWASAKI (KAWASAKI HEAVY INDUSTRIES, LTD.): KEY STRATEGIC MOVES AND DEVELOPMENTS
Kawasaki launched new Successor®-G robotic system which are remotely operated and are
December 2019 Product launch used by manufacturing industry for welding the structure and providing surface finishing for cast
products.
Kawasaki collaborated with Bosch Corporation to develop advanced rider assistance systems in
November 2019 Collaboration the Japanese motorcycle to boost rider awareness of their surroundings, contributing to
increased comfort and rider reassurance.
Kawasaki Heavy Industries opened its new engineering center in Singapore which provided with
June 2017 Business expansion
an alternative robotics solution for the end users.
Global Robotics
Technology
Market
2020-2027
245
9.5. KUKA AG
Zugspitzstraße 140,
Augsburg, 86165,
DE, Europe
Tel.: +49 821 797-50
Website: www.kuka.com

KUKA AG is a leading global automation corporation company that develops, manufactures, and distributes
industrial and service robots as well as robot controllers and software. It offers its customers in the automotive,
electronics, consumer goods, and metalworking, logistics/e-commerce, healthcare, and service robotics
industries. In addition, it designs and builds automated production systems, including individual system
components, tools & fixtures, automated production cells, and turnkey systems. Furthermore, it also offers
automated solutions for hospitals, warehouses, and distribution centers.

Global Robotics
Technology TABLE 106. KUKA AG: KEY EXECUTIVES
Chief Executive Officer Peter Mohnen

and Industry Forecast, Chief Financial Officer Andreas Pabst
2020-2027
246
TABLE 107. KUKA AG: COMPANY SNAPSHOT
Primary business Robotics and automation technology
Key Strategic Move Product Launch and Collaboration
2019: 3,574.3
2017: 3,921.4


KUKA AG operates its business through the following three reportable segments:
TABLE 108. KUKA AG: OPERATING SEGMENTS

Global Robotics Segment Description
Technology Offers core components for automating manufacturing processes that is provided by the robotics
Market Robotics
division, which produces the industrial robots together with controllers and software.
Offers customers complete tailor made solution for automating manufacturing solution processes. It
Opportunity Analysis Systems
plans, designs, and builds automated production system.
Swisslog Offers healthcare solution (HCS) and warehouse & distribution solution (WDS).
2020-2027
Source: Corporate Publications
247
KUKA AG offers its products through the following product category:
TABLE 109. KUKA AG: PRODUCT PORTFOLIO
 Industrial Robots
 Robot Controllers
Robotics Technology  KUKA charging assistant carla_connect
 Robot Periphery
 KUKA Ready Packs

KUKA AG registered decline in net sales by 10.9% from 2017 to 2018, due to general economic slowdown, which
affected two of KUKA’s strategic focus market such as automotive industry and electronic industry.
FIGURE 61. KUKA AG: REVENUE, 2017–2019 ($MILLION)

Revenue ($Million)
Global Robotics
Technology
3,921.4
Market
3,733.0
3,574.3
2020-2027
2017 2018 2019
248
FIGURE 62. KUKA AG: REVENUE SHARE BY SEGMENT, 2019 (%)
Systems
26.9%
40.6%
Robotics
32.5% Swisslog
FIGURE 63. KUKA AG: REVENUE SHARE BY REGION, 2019 (%)
North America
21.6% 23.1%
Germany
Global Robotics
Technology Rest of Europe
Market 31.8%
23.4%
Opportunity Analysis Other Regions

2020-2027 Source: Corporate Publications
249
KUKA AG adopted product launch and collaboration as its key developmental strategies to sustain the intense
competition and improve its product portfolio.
TABLE 110. KUKA AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
KUKA AG launched second generation of KR QUANTEC foundry robots, which can bring more
February 2020 Product launch
flexibility and better performance in their KUKA AG robots series.
KUKA AG collaborated with Schüco to implement automation solution for production of

April 2019 Collaboration windows, doors and façades. The main objective of this collaboration is to increase the customer
base of KUKA AG across the globe.
KUKA AG launched KR QUANTEC series robots, which are designed to with a payload capacity
January 2019 Product launch between 120-300 kg and are used in different industry vertical which include automotive
industry, the foundry sector and the field of medicine.
Global Robotics
Technology
Market
2020-2027
250
9.6. MITSUBISHI ELECTRIC CORPORATION
Tokyo Building
2-7-3, Marunouchi
Chiyoda-ku
Tokyo, 100-8310
Japan
Tel.: +81-3-3218-2111.
Website: www.mitsubishielectric.com

Mitsubishi Electric Corporation is involved in the design, production, and sale of electronic and electrical
equipment. It operates its business through the different segments such as energy and electric systems,
industrial automation systems, and information and communication systems. It offers programmable logic
controllers, inverters, human-machine interfaces, magnetic switches, time & power meters, uninterruptible
power supply, computerized numerical controllers, electrical-discharge & laser processing machines, industrial
Global Robotics robots, clutches, and automotive electrical equipment. In addition, it offers wireless & wired communication
Technology systems, network camera systems, satellite communications & radar equipment, satellites, antennas, missile &
Market fire control systems, broadcasting & information systems equipment, and data transmission devices. Mitsubishi
Electric Corporation is headquartered in Tokyo, Japan and was founded in 1921.
2020-2027
251
TABLE 111. MITSUBISHI ELECTRIC CORPORATION.: KEY EXECUTIVES
Designation Name
Chairman Masaki Sakuyama
President and Chief Executive

Takeshi Sugiyama
Officer
Executive Vice President Yutaka Ohashi
Nobuyuki Okuma
Isao Iguchi
Senior Vice Presidents Takashi Sakamoto
Takashi Sakamoto
Kei Uruma

TABLE 112. MITSUBISHI ELECTRIC CORPORATION.: COMPANY SNAPSHOT
Global Robotics Information Description
Technology Year of Foundation 1921

Market Primary Business Energy and electric systems
Geographical Presence Asia-Pacific, Europe, and North America
2020-2027 Key Strategic Move Acquisition, Partnership, and Product Launch
252
2020: 40,940
Overall Financial Status ($Million) 2019: 40,720
2018: 41,803
Workforce 142,340 (as of March 31, 2018)

Mitsubishi Electric Corporation operates its business through five reportable segments:
TABLE 113. MITSUBISHI ELECTRIC CORPORATION: OPERATING SEGMENTS
Segment Description
Manufactures turbine generator, hydraulic turbine generators, nuclear power plant equipment, and
Energy and Electric Systems
building security systems
Information and Communication Systems Provides PLC, circuit breakers, inverters, servomotors, and magnetic switches
Designs & manufactures wireless and wired communications systems, surveillance cameras, and
Industrial Automation Systems
other communication equipment
Global Robotics Electronic Devices Manufactures power modules, high-frequency devices, and optical devices
Technology Deals with selling and marketing of LCD televisions, room air conditioners, and other electronic
Market Home Appliances
appliances
2020-2027
253
Mitsubishi Electric Corporation offers industrial controls through the following product category
TABLE 114. MITSUBISHI ELECTRIC CORPORATION: PRODUCT PORTFOLIO
 Vertical Robot
 Horizontal Robot
 MELFA Smart Plus
Robotic Technology  Environment-Resistant Specific Type Robot
 Micro Working Robot
 Intelligent Options
 Engineering Software
Global Robotics
Technology
Market
2020-2027
254
Mitsubishi Electric Corporation registered a growth rate of 0.5% from 2019 to 2020. This growth was mainly
attributed to an increase in exchange rates.
FIGURE 64. MITSUBISHI ELECTRIC CORPORATION: REVENUE, 2018-2020 ($MILLION)
Revenue ($Million)
41,803.0
40,940.0
40,720.0
2017 2018 2019

Global Robotics
Technology
Market
2020-2027
255
FIGURE 65. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
Industrial Automation Systems

13%
4% 27% Energy & Electric Systems
9% Home Appliances
Information & Communication Systems
21% Electronic Devices

26%
Others
FIGURE 66. MITSUBISHI ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
1%
Japan
10%
North America
21%
Global Robotics Asia (Excluding Japan)
Technology 58%
Europe
Market 10%
Others
2020-2027
256
Mitsubishi Electric Corporation adopted acquisition, partnership, and product launch as its key developmental
strategies to cope with the intense competition.
Mitsubishi Electric Corporation launched a new cost-effective and high-quality RV-8CRL

September 2020 Product launch industrial robot. This new compatible sized product comes with reduced maintenance and
operating costs for original equipment manufacturers.
Mitsubishi Electric Corporation launched a new technology to reduce the workloads of building-
February 2020 Product launch
management staff and help produce smart buildings in which people and robots coexist safely.
Mitsubishi Electric Corporation partnered with Realtime Robotics for increasing the capabilities
December 2019 Partnership
of its collaborative robot technology for use with industrial robots.
Mitsubishi Electric Corporation acquired Iconic a U.S. software company focused on SCADA, the
May 2019 Acquisition acquisition will help company to enhance its software product lineup and edge-computing
capabilities in the U.S.
Global Robotics
Technology
Market
2020-2027
257
9.7. OMRON CORPORATION
Shiokoji Horikawa, Shimogyo-ku
Kyoto, 600-8530
Japan
Tel: +81-75-344-7070
Website: www.omron.com

OMRON Corporation is engaged in automation and healthcare business. It manufactures and distributes its
sensing and control products globally. It operates its business through the segments such as industrial
automation business, electronic & mechanical components business, automotive electronic components
business, healthcare business, social systems, solutions & service business, and others. It offers sensing, control,
automation, industrial automation, healthcare, mobility, energy management, technology, robotics, safety, and
sensor.

Global Robotics
Technology TABLE 115. OMRON CORPORATION.: KEY EXECUTIVES
Chairman Fumio Tateishi

and Industry Forecast, President and Chief Executive
Yoshihito Yamada
2020-2027 Officer
258
TABLE 116. OMRON CORPORATION: COMPANY SNAPSHOT
Primary business Automation and Healthcare Business
Geographical Presence Asia-Pacific, Americas, and Europe
Key Strategic Move Product Launch and Partnership
2018: 7,904.6
2016: 7,164.0

OMRON Corporation operates its business through six reportable segments
Global Robotics TABLE 117. OMRON CORPORATION: OPERATING SEGMENTS

Technology Segment Description
Market
Offers control system for factory automation, including inverters; servomotors & drivers; parallel
Industrial Automation Business (IAB)
robots & safety light curtains, vision & fiber sensors; and programmable, motion, & safety controllers.
and Industry Forecast, Electronic and Mechanical Components
Offers sensing systems, relays, connectors, switches, and other devices.
2020-2027 Business (EMC)
259
Segment Description
Automotive Electronic Components Offers power seat switches, power window, electronic power steering, motor, power sliding door
Business (AEC) controllers, and other systems.
Offers nebulizers, thermometers, blood pressure monitors, low-frequency therapy equipment, patient
Healthcare Business (HCB)
monitors, and others.
Social Systems, Solutions, and Service Offers automated ticket vending machines, ticket gates, road traffic management systems, and other
Business (SSB) software development services.
Offers single-phase and three-phase type PV inverters, backlights for smartphones, flexible storage
Other
systems, uninterruptible power supply units, and others.

OMRON Corporation offers products through the following product category
TABLE 118. OMRON CORPORATION: PRODUCT PORTFOLIO
 Articulated Robots
 Collaborative Robots
Global Robotics  Parallel Robots
Technology Robotics Technology  Mobile Robots

 Part Feeders
Market  Robot Software
 SCARA Robot
2020-2027
260
OMRON Corporation registered increase in net sales by 2.5% from 2017 to 2018, owing to rise in sales of
industrial automation business (IAB) segment in 2018.
FIGURE 67. OMRON CORPORATION: REVENUE, 2016–2018 ($MILLION)
Revenue ($Million)
7,904.6
7,713.9
7,164.0
2016 2017 2018

Global Robotics
Technology
Market
2020-2027
261
FIGURE 68. OMRON CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
Industrial Automation Business (IAB)

4.9%
8.8%
Automotive Electronic Components Business (AEC)
11.7%
45.9% Healthcare Business (HCB)
Electronic & Mechanical Components Business (EMC)

13.5%
Social Systems, Solutions, & Service Business (SSB)
15.3%
Other Businesses
FIGURE 69. OMRON CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
Japan
12.7%
Greater China
13.5% 39.4%
Global Robotics Europe
Technology 14.4% Americas

Market
19.9%
Rest of Asia Pacific
2020-2027
262
OMRON Corporation adopted product launch and partnership as its key developmental strategies to sustain
the intense competition and improve its product portfolio.
TABLE 119. OMRON CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
OMRON Corporation partnered with Techmetics Robotics to launch new UVC disinfection robot,
which helps organizations to contain COVID-19. This new product is equipped with the UVC light,
July 2020 Partnership
which is widely considered effective in breakdown of pathogens’ DNA and RNA and stop them
from further replication.
Omron Corporation launched LD-250 Mobile Robot which helps industries to control multiple
November 2019 Product launch mobile robots with different payloads through one system and provide more flexible and
optimized autonomous material transport system.
Omron Corporation partnered with TechMan Systems to develop a collaborative robot which will
January 2019 Partnership
automates repetitive tasks and enhances human-machine collaboration in the industries.
Omron Corporation launched new SCARA (Selective Compliance Assembly Robot Arm) robots
July 2018 Product launch which is designed to save space during installation and allow easier configuration into existing
production lines.
Global Robotics
Technology
Market
2020-2027
263
9.8. SEIKO EPSON CORPORATION
3-3-5 Owa, Suwa,
Nagano, 392-8502
Japan
Tel.: +81-266-52-3131
Website: www.epson.com

Seiko Epson Corporation manufactures and supplies projectors, printers, scanners, professional imaging
products, and system devices. It also offers industrial robots, ink cartridges, software products, wearable
displays, smart glasses, home theater projectors, sensors, and drivers. Its robot product line includes SCARA
(Selective Compliance Assembly Robot Arm) robots, 6-axis robots, and linear modules. It markets its products
through line of resellers worldwide. It has 17 subsidiaries operating in Japan and around 71 in overseas market,
and sales offices in the Caribbean islands and other countries. Epson America, Inc. is a subsidiary of Seiko Epson
Corporation.
Global Robotics
Technology
Market
2020-2027
264
TABLE 120. SEIKO EPSON CORPORATION.: KEY EXECUTIVES
Designation Name
President and CEO Minoru Usui
Deputy Chief Operating Officer, Printing

Hideki Shimada
Solutions Operations Division
Representative Director, Senior Managing

Koichi Kubota
Executive Office

TABLE 121. SEIKO EPSON CORPORATION: COMPANY SNAPSHOT
Primary business Printing solutions, visual communications, wearable & industrial products, and other

Global Robotics Key Strategic Move Product Launch and Product Development
Technology
2019: 9,597.9
Market Overall Financial Status ($Million) 2018: 9,744.2
2017: 9,941.5
and Industry Forecast, Workforce 76,647 (as of March 31, 2019)
265
Seiko Epson Corporation operates its business through three reportable segments
TABLE 122. SEIKO EPSON CORPORATION: OPERATING SEGMENTS
Segment Description
Printing Solutions Comprises the printer business, professional printing business, and others
Develops, manufactures, and markets 3LCD projectors for business, education, and the home; high-
Visual Communications
temperature polysilicon TFT LCD panels for 3LCD projectors; and smart eyewear
Comprises the wearable products business, robotics solutions business, and the microdevices
Wearable & Industrial Products
business
Comprises the businesses of Epson Group companies that offer services for and within the Epson
Other
Group

Seiko Epson Corporation offers products through the following product category
TABLE 123. SEIKO EPSON CORPORATION: PRODUCT PORTFOLIO

Global Robotics
Technology
 Robotics Basic Technology
Market  SCARA Robots
Robotics Technology
Opportunity Analysis  Image Processing
and Industry Forecast,  Sensing Technology
266
Seiko Epson Corporation registered decline in net sales by 1.8% from 2018 to 2019, owing to decrease in sale
of visual communications and wearable & industrial products segment in 2019.
FIGURE 70. SEIKO EPSON CORPORATION: REVENUE, 2017–2019 ($MILLION)
Revenue ($Million)
9,941.5
9,774.2
9,597.9
2017 2018 2019

Technology
Market
2020-2027
267
FIGURE 71. SEIKO EPSON CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
0.0%
Printing Solutions
14.0%
Visual Communications
17.7%
Wearable & Industrial Products

68.3%
Others
FIGURE 72. SEIKO EPSON CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
Japan
24.4%
U.S.
Global Robotics 43.6%
Technology China
Market 19.3%
Opportunity Analysis 12.7% Others

268
Seiko Epson Corporation adopted product launch and product development as its key developmental strategies
to sustain the intense competition and improve its product portfolio.
TABLE 124. SEIKO EPSON CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
Seiko Epson Corporation launched two new robots, LS3-B SCARA and LS20-B SCARA. These
June 2020 Product launch new robots include several unique features such as built-in camera cable, top-of-arm layout for
enhanced visibility, and a battery less encoder.
Seiko Epson Corporation launched ultra-low cost VT6L all-in-one 6-Axis robot, which delivers next
April 2019 Product launch
generation technology at industry disruptive price point.
Seiko Epson Corporation developed their SCARA robots with the introduction of 4 new robots—
April 2019 Product development LS3-B, LS6-B, LS10-B and LS20-B. New features include lower cable duct profile, built-in camera
cable, top-of-arm layout and a battery less encoder.
Epson Corporation introduced new feature in its T-series robots with the Synthis T6 All-in-One
October 2018 Product development SCARA robot. This robot automates factories without wasting time or money on expensive,
complex, slide-based solutions.
Epson Corporation launched T6 SCARA robot in India. This robot’s controller is embedded in
July 2018 Product launch
base of ARM and take fraction of space required by the robots.
Technology
Market
2020-2027
269
9.9. STÄUBLI INTERNATIONAL AG
P.O. Box 30, Pfäffikon,
SZ 8808, CH
Switzerland
Tel.: + +41 43 244 22 66
Website: www.staubli.com

Stäubli International AG is engaged in providing mechatronics solution with three dedicated divisions such as
textile machinery, connectors, and robotics. It offers articulated robot arms, industrial connectors for fluids &
gases, jacquard weaving machines, carpet weaving machines, robots, couplings, mechatronics, and industrial
automation.
9.9.2. Key Executive

TABLE 125. STÄUBLI INTERNATIONAL AG.: KEY EXECUTIVE
Global Robotics Designation Name
Technology President and CEO Rolf Strebel
2020-2027
270
TABLE 126. STÄUBLI INTERNATIONAL AG: COMPANY SNAPSHOT
Primary business Mechatronics Solution
Geographical Presence North America, Europe, and Asia
Key Strategic Move Product Launch and Partnership
Workforce Approximately 5,000-10,000


Stäubli International AG offers products through the following product category
TABLE 127. STÄUBLI INTERNATIONAL AG: PRODUCT PORTFOLIO
Global Robotics  Industrial Robots
Technology  Power Robots

Robotics Technology  Mobile Robots
Market  Robot Software
Opportunity Analysis  Controllers

2020-2027
271
Stäubli International AG adopted product launch and partnership as its key developmental strategies to sustain
the intense competition and improve its product portfolio.
TABLE 128. STÄUBLI INTERNATIONAL AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
Stäubli launched New TS2 Robots, which offers modular design, hollow shaft technology and
optional integrated tool change system for improved performance.
Stäubli International AG partnered with Schneider Electric to integrate customized Stäubli TS

April 2018 Partnership series, four-axis SCARA robots into Schneider Electric's EcoStruxure Machine architecture and
platform.
Stäubli International AG launched new collaborative industrial robot which will provide next
March 2017 Product launch generation speed and a precise 6-axis robots as well as enables increase the safety of the
humans in the company.
Global Robotics
Technology
Market
2020-2027
272
9.10. YASKAWA ELECTRIC CORPORATION
-1 Kurosakishiroishi,
Yahatanishi-ku,
Kitakyushu 806-0004
Japan
Tel.: +81-93-645-8801
Website: www.yaskawa.co.jp

Yaskawa Electric Corporation designs and manufactures industrial robots, AC motor drives, servos, motion
controllers, and switches that are used in general automation, cutting assembly, welding, packaging, coating,
and material handling. It is primarily involved in robotics including manufacturing robot controller; spot welding
robots; and dual-arm robots for arc & spot welding, handling, and painting. It is located in 31 countries
worldwide.
Global Robotics
Technology
Market
2020-2027
273
TABLE 129. YASKAWA ELECTRIC CORPORATION.: KEY EXECUTIVES
Designation Name
Representative Director and Chairman Junji Tsuda
Representative Director and President Hiroshi Ogasawara


TABLE 130. YASKAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
Primary business Motion control, robotics, and system engineering
Key Strategic Move Product Launch
2019: 3,779.5
Global Robotics Overall Financial Status ($Million) 2018: 4,257.4
Technology 2017: 4,045.8
Market Workforce 85,897 (as of February 28, 2019)

2020-2027
274
Yaskawa Electric Corporation operates its business through four reportable segments:
TABLE 131. YASKAWA ELECTRIC CORPORATION: OPERATING SEGMENTS
Segment Description
Motion Control Manufactures servo motors, machine controllers, and AC drives
Robotics Offers various types of industrial robots for different industrial processes
Provides system engineering solutions in hybrid electrical generation systems, energy management
System Engineering
systems, steel plants, and industrial electronics
Offers information-related products and services, office automation (OA) equipment, information
Others
processing software and services, logistics, and others

Yaskawa Electric Corporation offers products through the following product category
TABLE 132. YASKAWA ELECTRIC CORPORATION: PRODUCT PORTFOLIO
Global Robotics Product Category Brand/Product
Technology  ARC Welding Robots

 Press Handling Robot
 Spot Welding Robots
Market  Handling Robot
 Painting Robot
Robotics Technology  Glass Substrates Transfer Robot
 Collaborative Robot
Opportunity Analysis  Semiconductor Wafer Transfer Robot
and Industry Forecast,  Biomedical Robot
 Deburring Robot
2020-2027  Palletizing Robot
275
Yaskawa Electric Corporation registered an increase in net sales by 11.2% from 2018 to 2019, owing to rise in
sales of motion control and robotics segment in 2019.
FIGURE 73. YASKAWA ELECTRIC CORPORATION: REVENUE, 2017–2019 ($MILLION)
Revenue ($Million)
4,257.4
4,045.8
3,779.5
2017 2018 2019

Technology
Market
2020-2027
276
FIGURE 74. YASKAWA ELECTRIC CORPORATION: REVENUE SHARE BY SEGMENT, 2019 (%)
5.5% Motion Control

14.1%
Robotics
43.3%
System Engineering
37.0%
Others
FIGURE 75. YASKAWA ELECTRIC CORPORATION: REVENUE SHARE BY REGION, 2019 (%)
0.1%
Japan
10.7%
The Americas
36.9%
19.5%
Global Robotics EMEA
Technology China
Market 14.9% Asia Except china

18.0%
Opportunity Analysis Others
277
Yaskawa Electric Corporation adopted product launch as its key development strategies to expand its business
and provide quality products to customers.
TABLE 133. YASKAWA ELECTRIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
Yaskawa Electric Corporation launched new four robots in MOTOMAN-PL190 series, including
MOTOMAN-PL190, MOTOMAN-PL320, MOTOMAN-PL500, and MOTOMAN-PL800. These robots
October 2020 Product launch
are easy to use with their compatible design, and improve energy-saving performance through
their power regeneration function.
Yaskawa Electric Corporation launched a new MOTOMAN-GP300R robot, which helps

manufacturers to transport automobile body parts, machines, and larger jigs. This new shelf type
product does not require a robot installation space on the floor and helps in enabling highly
productive production lines.
Yaskawa Electric Corporation launched 2 types of horizontal articulated SCARA robots

December 2019 Product launch MOTOMAN-SG Series, which are ideal for assembly and transportation processes of small
components that require high cycle time.
Yaskawa Electric Corporation launched MOTOMAN-MHP45L Handling robot with explosion-proof

November 2019 Product launch function, for improving the working environment in painting area by handling robot with high
payload capacity and flexible operating range.
Global Robotics Yaskawa Electric Corporation launched i³-Mechatronics, a new hardware solution that can
Technology September 2018 Product launch access industrial robots through machine controller, utilizing one of the best servo drives as well
as the robot controlling technologies in the world.
2020-2027
278
DISCLAIMER
In response to request/orders received, Allied Market Research (AMR) provides strategic business/market analysis
services to a select group of customers that are limited to publications containing valuable market information. The
publication is solely for our customers’ internal use. It is acknowledged by our customer, by placing the order that
no part of this strategic business/market analysis service is for general publication or disclosure to third party.
AMR doesn’t make any warranty for the accuracy of the data as these are primarily based on interviews and
therefore, liable for fluctuation. Also, AMR doesn’t take responsibility for incorrect information supplied by
manufacturers or users.
Any resale, lending, disclosure or reproduction of this publication can only be made with prior written permission
from AMR.
Transmission and/or reproduction of this document by any means or in any form (includes photocopying,
mechanical, electronic, recording or otherwise) are prohibited without permission of AMR.
I/we acknowledge that I/we have read the terms and conditions, disclaimer, privacy policy, and GDPR policy
listed on Allied Market Research website and by placing the order online through credit card or wire transfer or any
Global Robotics
other means, I/we do hereby accept the same.
Technology
Market
Opportunity Analysis FOR INFORMATION REGARDING PERMISSIONS, CONTACT:
2020-2027 Tel: U.S.:+1 (503 894-6022) | UK: +44-845-528-1300
Email: sales@alliedmarketresearch.com
279

Global Robotics Technology Market, 2020-2027

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Global Robotics Technology Market, 2020-2027

Uploaded by

Copyright:

Available Formats

LEGAL STATEMENT

The Information contained within the Service is either licensed from

Except as otherwise permitted in the agreement (if any) between

ROBOTICS TECHNOLOGY MARKET

EMISPDF in-iimnagpur from 15.207.22.60 on 2021-01-23 13:15:19 GMT. DownloadPDF.

1.4.2. Primary research ................................................................................................................. 42

1.4.3. Analyst tools & models .................................................................................................... 43

CHAPTER 2: EXECUTIVE SUMMARY............................................................................ 44

Market 2.2. CXO perspective ........................................................................................................ 49

Opportunity Analysis CHAPTER 3: MARKET OVERVIEW ................................................................................ 50

3.3.2. Case study 2 ......................................................................................................................... 57

3.4. Market dynamics ...................................................................................................... 58

3.4.1.1. Rise in need for automation and safety in organizations ................................ 58

3.4.1.2. Availability of affordable and energy efficient robots ...................................... 58

3.4.2. Restraints .............................................................................................................................. 60

3.4.2.1. High implementation cost .......................................................................................... 60

3.4.2.2. Lack of awareness among the SMEs ....................................................................... 60

3.5.5. Key player strategies to tackle negative impact ...................................................... 65

3.5.6. Opportunity window ......................................................................................................... 66

CHAPTER 4: ROBOTICS TECHNOLOGY MARKET, BY COMPONENT........................ 67

4.2.2. Market size and forecast, by region............................................................................. 70

4.2.3. Market analysis, by country ............................................................................................ 71

4.3. Software .................................................................................................................... 72

4.3.2. Market size and forecast, by region............................................................................. 73

5.2.2. Market size and forecast, by region............................................................................. 82

5.2.3. Market analysis, by country ............................................................................................ 83

5.3. Cobots ........................................................................................................................ 84

5.3.2. Market size and forecast, by region............................................................................. 85

5.3.3. Market analysis, by country ............................................................................................ 86

5.4. Professional service robots ...................................................................................... 87

Global Robotics 5.4.2. Market size and forecast, by region............................................................................. 89

CHAPTER 6: ROBOTICS TECHNOLOGY MARKET, BY APPLICATION ....................... 94

6.2.2. Market size and forecast, by region............................................................................. 97

6.2.3. Market analysis, by country ............................................................................................ 98

6.2.4. Market size and forecast, by industry type ............................................................... 99

6.3. Healthcare ............................................................................................................... 100

6.3.2. Market size and forecast, by region........................................................................... 102

6.3.3. Market analysis, by country .......................................................................................... 103

6.5.2. Market size and forecast, by region........................................................................... 109

6.5.3. Market analysis, by country .......................................................................................... 110

6.6. Logistics ................................................................................................................... 111

6.6.2. Market size and forecast, by region........................................................................... 112

6.6.3. Market analysis, by country .......................................................................................... 113

6.7. Others ...................................................................................................................... 114

6.7.2. Market size and forecast, by region........................................................................... 115

6.7.3. Market analysis, by country .......................................................................................... 116

CHAPTER 7: ROBOTICS TECHNOLOGY MARKET, BY REGION ............................... 117

7.2.5. Market analysis, by country .......................................................................................... 124

7.2.5.1. U.S. ................................................................................................................................... 125

7.2.5.1.2. Market size and forecast, by robot type ....................................... 127

7.2.5.1.3. Market size and forecast, by application ...................................... 128

7.2.5.2. Canada ............................................................................................................................ 129

7.2.5.2.2. Market size and forecast, by robot type ....................................... 131

7.2.5.2.3. Market size and forecast, by application ...................................... 132

7.3. Europe ...................................................................................................................... 133

7.3.2. Market size and forecast, by component................................................................. 135

Opportunity Analysis 7.3.5. Market analysis, by country .......................................................................................... 138

7.3.5.1.3. Market size and forecast, by application ...................................... 142

7.3.5.2. UK ..................................................................................................................................... 143

7.3.5.2.2. Market size and forecast, by robot type ....................................... 145

7.3.5.2.3. Market size and forecast, by application ...................................... 146

7.3.5.3. Spain ................................................................................................................................ 147

7.3.5.3.2. Market size and forecast, by robot type ....................................... 149

7.3.5.3.3. Market size and forecast, by application ...................................... 150