Robot Market Size By Product (UVC Disinfection Robots, Delivery Robots, Guide Robots, Security Robots), By Vertical (Retail, Hospitality, Education & Scientific Research, Healthcare, Residential, Public, Food & Beverage) & Global Forecast, 2023 - 2032

Robot Market Size

Robot Market size valued at USD 4 billion in 2022 and is predicted to exhibit a CAGR of over 15% between 2023 and 2032.
 

Robotic technologies are being used on a large scale across several industry domains, including healthcare. UVC disinfection robots, particularly, are experiencing high demand from the healthcare sector. These robots are emerging as a quick & effective solution for the instant disinfection of all rooms and spaces in hospitals and healthcare centers. Companies are also launching technologically advanced robots to improve the quality of patient care. For example, in June 2021, a group of Hong Kong-based technicians launched a healthcare robot named Grace, designed to use artificial intelligence (AI) to diagnose a patient’s underlying medical condition.
 

Robots are also being used for building surveillance and security purposes as they are equipped with innovative technologies that can prevent security breaches. Countries including the U.S., the UK, Canada, France, and Germany, are facing a scarcity of skilled & semi-skilled labor to carry out routine tasks, such as patrolling and security surveillance. This has prompted organizations to fulfill this need by manufacturing state-of-the-art security robots that use autonomous technologies. For instance, in June 2021, Westland Real Estate Group installed an autonomous security robot developed by Knightscope at Liberty Village, a 1,000-unit apartment complex in Las Vegas, U.S.
 

However, while robots play a vital role in finishing routine as well as complex tasks, they incur high installation and operating expenses, which may impede market progress. These high costs make product development challenging for enterprises that run on small budgets. While these robots have the potential to introduce innovations in businesses by offering many advantages, their high price can prohibit their deployment in small- & medium-scale organizations.
 

Robot Market Analysis

Global UVC disinfection robot market revenue is set to reach USD 500 million by 2032. This type of autonomous robot utilizes ultraviolet (UVC) radiation to disinfect areas that witness high traffic and decrease the risk of spreading germs and pathogens. Several companies are launching high-tech and improved versions of robots to cater to a wide range of customers. For instance, in February 2022, UBTECH Robotics launched ADIBOT-A, a mobile disinfectant robot, to meet the demand for autonomous cleaning technologies.
 

Fully autonomous UVC disinfection robot industry will record more than 10% CAGR during the forecast period. These robots work without human intervention and provide high-quality disinfection on-site. They also prevent healthcare workers from getting exposed to harmful viruses during the process. AVA Robotics, in January 2021, announced the launch of a fully autonomous UV light disinfection robot to be used in corporate campuses, hospitals, and school buildings for protection against various pathogens, including the SARS-CoV-2 virus.
 

Indoor delivery robot market is expected to exceed USD 2 billion by 2032. These types of robots have gained significant traction across the retail sector in recent years as help speed up the delivery process and can facilitate contactless deliveries. Contactless deliveries became massively popular among consumers during the COVID-19 pandemic, fueling the adoption of indoor delivery robots.
 

Indoor robots are also used in restaurants to help the staff in speeding up their delivery orders. For example, in June 2021, Grab, a delivery service based in Singapore, installed its AHBOI robot in Payar Lebar Quarters (PLQ) mall, to accelerate delivery orders placed at eateries located inside the shopping center.
 

The hospitality segment is projected to register a growth rate of 15% through 2032. Smartphones are being used on a large scale to place orders for food items and other products. Wireless connectivity has also improved considerably over the past years to give users better access to various innovative applications. Customers have increased their expectations from hotel services as well. This is encouraging the hospitality industry to switch to cutting-edge technologies, such as AI, automation, and robots.
 

Asia Pacific robot market size is estimated to cross USD 4 billion by 2032. A wide range of educational institutes and e-commerce companies are installing high-tech robots to improve customer satisfaction. Governments are also increasing their investments in various R&D programs. Many major universities are familiarizing themselves with robotic technologies to boost the efficacy of their employees.
 

For example, in January 2022, a university in Japan announced that it would deploy a group of robots to deliver medicine and test samples to help staff members working on night shifts. Such initiatives are likely to foster the advancement of robotic technologies across the Asia Pacific.
 

Robot Market Share

Some of the leading companies involved in the robot market include:

• Blue Ocean Robotics
• Finsen Technologies Ltd.
• Honda Motor Co. Ltd
• Kawada Robotics Corporation.

These companies are majorly focusing on developing innovative robots that are easy to use and maintain for most of the end-user industries.
 

For example, in August 2022, Xiaomi declared the launch of its humanoid robot named CyberOne. Equipped with 21 degrees of freedom in motion and a real-time response speed of 0.5ms for each degree, allowing it to simulate human movements with ease, the introduction of CyberOne was part of the company’s efforts to establish a firm presence in the market.
 

Impact of COVID-19 Pandemic

Despite its adverse influence on many sectors of the global economy, the COVID-19 outbreak had a relatively positive impact on global robot market progress as the demand for contactless deliveries grew during this period. Hospitals, restaurants, and shopping malls shifted their focus to autonomous robots to facilitate hands-free deliveries, as part of their efforts to inhibit the spread of the virus. Additionally, with the advent of smart technologies, the installation of robots in smart factories and other areas is expected to show consistent growth in the future as well, which will, in consequence, bolster the global market outlook over the estimated timeframe.
 

This robot market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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Market, By Product

• UVC disinfection robot
  • Fully autonomous
  • Semi-autonomous
• Delivery robot
  • Serving robots
  • Indoor delivery robots
• Guide robot
• Security Robot

Market, By Industry vertical

• Retail
• Hospitality
• Education & scientific research
• Healthcare
• Residential
• Public
• Offline

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
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Thailand
  • Singapore
  • Hong Kong
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Colombia
  • Chile
  • Peru
• MEA
  • UAE
  • Saudi Arabia
  • South Africa