AUTOMATION AND ROBOTICS a new era of smart manufacturing that will redefine productivity and competitiveness,” added Nikhil Kaitwade, Associate Vice President, Future Market Insights( FMI).
Global market forecasts
The industrial robotics market size is forecast to increase by US $ 47.63 billion at a CAGR of 19.4 % between 2024 and 2029, according to analyst Technavio.
“ The market is experiencing significant growth, driven by the surging demand for automation in manufacturing industries. This trend is being fuelled by the integration of advanced technologies such as artificial intelligence, machine learning and the Internet of Things, which enable robots to perform complex tasks more efficiently and accurately than ever before,” said the analyst.
“ However, the high cost of robotics services and maintenance remains a challenge for many companies, particularly small and medium-sized enterprises. Despite this hurdle, the market’ s strategic landscape presents numerous opportunities for growth. Companies that can offer cost-effective solutions, provide excellent customer service and demonstrate a strong value proposition will be well-positioned to capitalise on the increasing demand for industrial robots. The adoption of robots in new industries, such as healthcare and agriculture, is expected to expand the market’ s reach and create new revenue streams. Overall, the market offers a compelling investment opportunity for those seeking to capitalise on the ongoing automation trend and navigate the challenges of cost and service delivery effectively,” it added.
According to analyst Future Market Insights Global and Consulting Pvt Ltd, the global industrial robotics market is set for remarkable
Image: CLOOS. expansion with projections indicating substantial growth from 2025 to 2035. The increasing adoption of automation, advances in artificial intelligence( AI) and the rise of Industry 4.0 are key drivers that are reshaping the market landscape. As industries continue to seek efficiency, flexibility and cost savings, industrial robots are becoming integral to manufacturing and production processes worldwide.
“ Between 2025 and 2035, the industrial robotics market is set to witness substantial growth, driven by increasing automation across industries such as manufacturing, automotive, electronics, food & beverages, and pharmaceuticals. The market is projected to reach a valuation of US $ 55.1 billion by 2025 and is expected to expand significantly to US $ 291.1 billion by 2035, reflecting a compound annual growth rate( CAGR) of
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18.1 %. The adoption of advanced robotics in production lines is enhancing productivity, ensuring consistent quality and reducing operational costs for businesses,” said the analyst.
The market in the United States continues to experience significant growth, driven by increasing automation demands across various industries.
“ Key factors fuelling this expansion include the integration of advanced technologies such as haptic feedback, path planning and additive manufacturing. Robot rental and leasing options, as well as cloud and edge computing, have made robotics more accessible to businesses of all sizes. Moreover, the market is witnessing a focus on workplace ergonomics, risk assessment and industrial safety regulations to enhance productivity and worker safety. Technologies like robot work cells, conveyor systems and wireless communication are streamlining production processes, while process optimisation software and predictive analytics enable proactive maintenance and improved efficiency,” commented Technavio.
“ The integration of human-robot interaction, including augmented reality( AR) and virtual reality( VR), is revolutionising training and remote monitoring. Additionally, the adoption of motion control, data acquisition and cybersecurity standards is ensuring secure and reliable robot deployment. As the market evolves, trends like robot maintenance contracts, simulation software and data visualisation continue to shape the future of industrial robotics,” added the analyst.
“ East Asia is projected to emerge as the most remunerative industrial robotics market, accounting for more than two thirds of the revenue share by 2025. Based on end-use category, the automotive and electronics industries are anticipated to collectively account for a dominant share in the global market through to 2035,” outlined analyst, Future Market Insights.
Analyst Technavio highlighted the importance of the Asia Pacific( APAC) market globally in terms of revenue, driven by significant demand from sectors such as automotive, food and beverages, metals, textile, chemicals and pharmaceuticals in countries like China, Japan, South Korea, Taiwan and India.
“ Major foreign manufacturers and system integrators have established a strong presence in the region, providing system solutions using robots primarily from Europe and Japan. However, the emergence of local system integrators and manufacturers is expected to reduce reliance on international companies. Advances in internet and remote systems technology are fuelling the growth of industrial robotics, enabling services such as remote monitoring, virtual commissioning and offline programming,” it confirmed.
The North-American robotics market demonstrated minor overall growth in 2024,
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