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Robot Market Share

Report ID: GMI5127
Published Date: Jun 2024
Report Format: PDF

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Robot Market Share

BAE Systems PLC and Kongsberg Gruppen, two major defense contractors that have entered the growing robot industry, hold a market share of over 35%. BAE Systems has developed a fully autonomous UV disinfection robot, the COVID-19 Disinfector, to sanitize healthcare facilities and other high-traffic areas. Kongsberg Gruppen, through its subsidiary Kongsberg Maritime, offers the SOFI robot, a mobile, autonomous UVC disinfection solution designed for hospitals, ships, offshore installations, and other environments requiring stringent disinfection protocols.

These defense giants are leveraging their expertise in autonomous systems and robotics to provide innovative solutions, tapping into the increasing demand for such technologies spurred by the COVID-19 pandemic and growing concerns over healthcare-associated infections.

Robot Market Companies

Major players operating in the robot industry are:

BAE Systems PLC
Kongsberg Gruppen
Lockheed Martin Corporation
Elbit Systems Limited
Northrop Grumman Corporation
Leonardo SPA
Aerovironment Inc.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Industry size for robot was worth over USD 4.7 billion in 2023 and is projected to expand at over 15% CAGR from 2024 to 2032, due to the growing demand for precision and efficiency, particularly in sectors, such as manufacturing and healthcare.

The UVC disinfection robot segment in the robot industry is estimated to depict over 15.5% CAGR between 2024 and 2032, due to rising need to kill pathogens and disinfect environments, such as hospitals, nursing homes, schools, and offices.

The retail end-use segment in the robot industry recorded over 30% share in 2023, on account of the increasing demand to provide enhanced customer service, inventory management, autonomous delivery, cleaning, security, and data analytics.

North America market for robot accounted for over 38% share in 2023 and is estimated to grow at substantial CAGR between 2024 and 2032, led by the increasing investments in healthcare infrastructure and the heightened focus on infection prevention measures in the region.