Robot Market Size By Product (UVC Disinfection Robots [Fully Autonomous, Semi-Autonomous], Delivery Robots [Serving Robots, Indoor Delivery Robots], Guide Robots, Security Robots, By Vertical (Retail, Hospitality, Education & Scientific Research, Healthcare, Residential, Public, Food & Beverage), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2030

Published Date: Sep 2021  |  Report ID: GMI5127  |  Authors: Preeti Wadhwani, Prasenjit Saha

Report Format: PDF   |   Pages: 450   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Robot Market size exceeded USD 3 billion in 2020 and is anticipated to grow at a CAGR of over 15% between 2021 and 2030. The growing demand for UVC disinfection and service robots to mitigate the spread of COVID-19 virus and support public safety is driving the market growth globally.
 

Robot Market Overview

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Robot manufacturers are witnessing a surge in the market demand as increasing number of companies are adopting industry 4.0 technologies and automation in their production lines. Technology providers are collaborating with market players to offer robot manufacturers with enterprise-grade automation solutions such as navigation, mapping, risk, and obstacle avoidance.
 

The introduction of robotics technologies is projected to revolutionize the last-mile delivery systems and create new market opportunities for existing and new leaders in the delivery & service market. Several hotels, airports, and educational & research centers are deploying delivery or service robots post COVID-19 to deliver food & beverages to their customers and students. The rising adoption of delivery robots to promote more socially distanced models of operation will propel the industry growth during the forecast timeframe.
 

Loss of manual jobs is one of the major factors affecting the market expansion. The rise in automation technology is expected to displace jobs and is likely to increase economic inequality. According to Oxford Economics report 2018, up to 20 million manufacturing jobs could be replaced by robots by 2030, thereby, increasing the unemployment rate in low-skill jobs.
 

The COVID-19 pandemic positively impacted the robot market owing to the rapid acceptance of UVC disinfection and delivery robots in healthcare and hospitality industries in 2020. The social distancing norms and shortage of workforce have resulted in rapid deployment of robots during the pandemic. To mitigate the spread of virus and protect the healthcare workers, hospitals switched to disinfection robots to combat the omnipresent fear of SARS-CoV-2 virus, increasing the industry demand for robots.
 

Rising popularity of UVC disinfection robots in healthcare vertical

The UVC disinfection robots held 4% of the market share in 2020 led by the increasing demand for these robots in healthcare, retail, hospitality, airports, railways, and residential sectors due to the outbreak of COVID-19 virus. UVC disinfection robots are increasingly deployed as cost-effective and simple solutions for the immediate disinfection of rooms and public spaces. Market participants are developing new self-driving robots to provide additional hygiene and meet the growing industry value for UVC-disinfection robots.
 

Increasing deployment of robots in the hospitality sector to perform routine tasks and save labor costs

Robot Market Size

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The hospitality sector will register 13% growth rate through 2030. Hotels are deploying robots to enhance the level of services and gain a competitive advantage over others. Robots are being increasingly deployed in the hospitality sector to greet visitors, carry luggage, provide housekeeping services, and deliver food. They can also be programmed to create highly complex dishes, with high level precision and accuracy, fueling their market value.
 

Demand for advanced technologies and supportive government program will create growth opportunities for the North America region

North America Robot Market

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North America robot market size was over USD 1 billion in 2020. Major factors contributing to the positive market outlook of robots in North America are rapid technological progress, presence of technically advanced consumers, and supportive government measures. The Federal government has a vested interest in the future of the U.S. robotics industry expansion as it will significantly affect the overall U.S. economy and increase global competitiveness. In 2021, the U.S. government launched the Innovations in Integration of Robotics (NRI-3.0) program, a part of National Robotics Initiative programs to support robotic research in the region. The program supports research that promotes integration of robots and benefits humankind. Rising investments in R&D activities by prominent players to develop advanced robots will foster the regional growth.
 

Growing focus of market leaders on development of new advanced robots to meet the growing demand for non-face-to-face services

The prominent companies operating in the market include Xenex Disinfection Services LLC, Amazon Robotics, LG Electronics, PAL Robotics, Honda, Blue Ocean Robotics, Finsen Technologies, Kawada Robotics, Robotlab, Inc., TMI Robotics, Starship Technologies, Ubtech Robotics, Inc., and RV Automation Technology Co. Ltd. Market participants are emphasizing on partnerships and development of new advanced service robots to capture a high revenue share and expand their global footprint.
 

The robot market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and shipments in units from 2021 to 2030 for the following segments:

Market, By Product

  • UVC Disinfection Robots

    • Fully Autonomous

    • Semi-Autonomous

  • Delivery Robots
    • Serving Robots
    • Indoor Delivery Robots
  • Guide Robots
  • Security Robots

Market, By Vertical

  • Retail
  • Hospitality
  • Education & Scientific Research
  • Healthcare
  • Residential
  • Public
  • Food & Beverage

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Australia
    • Thailand
    • Singapore
    • Hong Kong
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Columbia
    • Chile
    • Peru
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

Frequently Asked Questions (FAQ) :

Market size of robot had exceeded USD 3 billion in 2020 and will witness a CAGR of over 15% between 2021 and 2030 owing to increasing adoption of industry 4.0 technologies and automation across various manufacturing sectors.
UVC disinfection robots, delivery robots, guide robots, and security robots are the most prominent type of robots available in the industry.
Major industries that use robots include retail, hospitality, education & scientific research, healthcare, residential, public, and food & beverage among others.
UVC disinfection robot market had held 4% of revenue share in 2020 owing to increasing adoption across healthcare, retail, hospitality, airports, railways, and residential sectors for cost-effective and easy disinfection.
The prominent companies offering robotic solutions are Xenex Disinfection Services LLC, Amazon Robotics, LG Electronics, PAL Robotics, Honda, Blue Ocean Robotics, Finsen Technologies, etc.

Premium Report Details

  • Published Date: Sep 2021
  • Pages: 450
  • Tables: 954
  • Charts / Figures: 29
  • Companies covered: 22
  • Countries covered: 20

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