Industrial robotics markets

Industrial robots contribute to improved productivity by minimising human errors, focusing on precision and operating at high speeds. By automating repetitive and labour-intensive tasks, robots free up human workers to focus on higher-value activities. This shift not only boosts efficiency but also enhances workplace safety and reduces the risk of occupational injuries. Robots are being used across various industries to streamline operations and improve overall production output. The continued evolution of robotics technology is expected to drive even greater efficiency gains in the coming years.

With continuous advances in robotics technology, the industrial robotics market is poised for exponential growth. The widespread adoption of AI, machine learning and Industry 4.0 technologies will further propel the industry, making automation a necessity rather than a choice for businesses worldwide. As companies continue to invest in smart robotic solutions, the industrial robotics market is expected to experience unprecedented expansion.

“AI-powered robots are transforming industrial operations by enabling predictive analytics, real-time decision-making and adaptive learning. With AI (artificial intelligence) integration, robots can analyse vast amounts of data, detect patterns and make autonomous decisions to optimise workflows. These intelligent robots enhance manufacturing precision, reduce errors and adapt to changing production requirements. AI-driven robotics is especially beneficial in high-tech industries such as electronics, pharmaceuticals and aerospace, where precision and quality control are critical,” explained analyst, Future Market Insights Global and Consulting Pvt Ltd.

"The rapid evolution of industrial robotics is revolutionising automation, enabling businesses to achieve higher efficiency, precision and adaptability. With advances in AI, collaborative robotics and flexible automation, industries are entering a new era of smart manufacturing that will redefine productivity and competitiveness,” added Nikhil Kaitwade, Associate Vice President, Future Market Insights (FMI).

Global market forecasts

The industrial robotics market size is forecast to increase by US$ 47.63 billion at a CAGR of 19.4% between 2024 and 2029, according to analyst Technavio.

“The market is experiencing significant growth, driven by the surging demand for automation in manufacturing industries. This trend is being fuelled by the integration of advanced technologies such as artificial intelligence, machine learning and the Internet of Things, which enable robots to perform complex tasks more efficiently and accurately than ever before,” said the analyst.

“However, the high cost of robotics services and maintenance remains a challenge for many companies, particularly small and medium-sized enterprises. Despite this hurdle, the market's strategic landscape presents numerous opportunities for growth. Companies that can offer cost-effective solutions, provide excellent customer service and demonstrate a strong value proposition will be well-positioned to capitalize on the increasing demand for industrial robots.    The adoption of robots in new industries, such as healthcare and agriculture, is expected to expand the market's reach and create new revenue streams. Overall, the market offers a compelling investment opportunity for those seeking to capitalise on the ongoing automation trend and navigate the challenges of cost and service delivery effectively,” it added.

To read the rest of this article in the May 2025 issue of ISMR, see https://joom.ag/HBjd/p20