Global Robotics Market Dynamics: Trends, Growth, and Future Projections Based on Machine Learning

Year : 2025 | Volume : 12 | Issue : 01 | Page : 01-08
    By

    Nirav Mehta,

  • Khunti Suresh,

  • Odedara Rajesh,

  • Karavadra Sanjay,

  • Kadachha Dhaval,

  1. Assistant Professor, Department of Computer Science, Shri V. J. Modha College of Information Technology College in Porbandar, Gujarat, India
  2. Student, Department of Computer Science, Shri V. J. Modha College of Information Technology College in Porbandar, Gujarat, India
  3. Student, Department of Computer Science, Shri V. J. Modha College of Information Technology College in Porbandar, Gujarat, India
  4. Student, Department of Computer Science, Shri V. J. Modha College of Information Technology College in Porbandar, Gujarat, India
  5. Student, Department of Computer Science, Shri V. J. Modha College of Information Technology College in Porbandar, Gujarat, India

Abstract

Robotics is advancing rapidly, fueled by technological innovations and a wide range of applications. In 2020, the global robotics market reached a valuation of $40 billion, with industrial robotics comprising $25 billion. Robots are increasingly being utilized in manufacturing, driving automation and enhancing efficiency. Countries like South Korea, Singapore, and Germany are leading in robot density, highlighting their role in enhancing productivity and competitiveness. The analysis presented in this paper is based on a comprehensive review of existing literature, industry reports, market analyses, and academic research publications related to the robotics industry. Primary and secondary sources of data were utilized to gather relevant information regarding the trends, growth drivers, challenges, and future projections of the global robotics market. The robotics industry, valued at $40 billion in 2020, is rapidly advancing with industrial robotics reaching $25 billion. High robot density in leading countries like South Korea and Singapore is boosting productivity. Service robotics, worth $12 billion, are widely adopted, especially in healthcare. Significant R&D investments, such as the U.S. government’s $2 billion allocation in 2020, highlight a commitment to innovation. Projections suggest the industry could surpass $150 billion by 2027, promising transformative impacts. Emphasizes the paper’s value as a resource for industry stakeholders, policymakers, investors, and researchers in understanding current trends and leveraging future opportunities in the robotics industry.

Keywords: Robotics, global robotics market, industrial robotics, manufacturing sectors robots, service robotics, surgical robots, robot density

[This article belongs to Journal of Advancements in Robotics ]

How to cite this article:
Nirav Mehta, Khunti Suresh, Odedara Rajesh, Karavadra Sanjay, Kadachha Dhaval. Global Robotics Market Dynamics: Trends, Growth, and Future Projections Based on Machine Learning. Journal of Advancements in Robotics. 2024; 12(01):01-08.
How to cite this URL:
Nirav Mehta, Khunti Suresh, Odedara Rajesh, Karavadra Sanjay, Kadachha Dhaval. Global Robotics Market Dynamics: Trends, Growth, and Future Projections Based on Machine Learning. Journal of Advancements in Robotics. 2024; 12(01):01-08. Available from: https://journals.stmjournals.com/joarb/article=2024/view=191809


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Regular Issue Subscription Review Article
Volume 12
Issue 01
Received 20/11/2024
Accepted 23/12/2024
Published 31/12/2024
Publication Time 41 Days
Total Visits: 110


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