The global commercial robots market is projected to reach USD 85.2 billion by 2031, growing at a CAGR of 20% according to a report published by Allied Market Research. The report provides a comprehensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.
The growth of small companies, rising investment in automation, strict government laws on the management of hazardous chemicals and products, introduction of smart factories, and continuing shift from manual to automated processes are driving the global commercial robots market. In 2021, Asia Pacific held the major share, contributing to more than half of the global commercial robots market.
The global commercial robots market was valued at USD 15.2 billion in 2021 and is expected to reach USD 85.2 billion by 2031, growing at a CAGR of 20% from 2022 to 2031. The market is segmented based on type, application, and region. The types of commercial robots include field robots, medical robots, autonomous guided robotics, drones, and others. The applications of commercial robots are in medical & healthcare, defense & security, agriculture & forestry, marine, and others. The market is analyzed across North America, Europe, Asia-Pacific, and LAMEA regions.
The COVID-19 pandemic had a negative impact on the growth of the global commercial robots market due to disruptions in the supply chain. However, with the introduction of vaccines and the re-initiation of production facilities, the market has started to recover. Asia-Pacific held the largest market share in terms of revenue in 2021 and is expected to dominate the market during the forecast period.
Leading market players in the global commercial robots market include Kuka AG, iRobot Corporation, Omron Adept Technologies Inc., 3D Robotics Inc., Alphabet Inc., AeroVironment Inc., Northrop Grumman Corp., Yaskawa Electric Corporation, Honda Motor Company Limited, and Accuray Inc.
The medical and healthcare segment accounted for the highest share in 2021, while the defense and security segment is expected to manifest the fastest growth. Autonomous guided robotics held the largest market share in 2021, with drones segment expected to grow the fastest.
In conclusion, the global commercial robots market is poised for significant growth, driven by technological advancements and increasing automation across various industries. With strategic decision-making and market intelligence, companies can capitalize on the opportunities presented by this growing market. For more information and detailed analysis, please refer to the original report by Allied Market Research.