Robotics - United States

  • United States
  • The United States is expected to generate the highest revenue in the Robotics market, with projections indicating a figure of US$7.85bn in 2024.
  • Within this market, Service robotics is set to dominate, with a projected market volume of US$9.07bn in the same year.
  • Looking ahead, the revenue is anticipated to experience an annual growth rate (CAGR 2024-2028) of 4.41%, resulting in a market volume of US$9.33bn by 2028.
  • It is worth noting that these figures pertain to in the United States, making it a significant player in the global Robotics market.
  • The United States is experiencing a surge in the adoption of robotics technology across various industries, revolutionizing productivity and efficiency.

Key regions: United States, China, South Korea, Japan, Germany

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The Robotics market is shaped by various trends, e.g., the Industrial Internet of Things, mobile autonomous robots, collaborative robots, and/or open-source software. In addition, trending topics such as 5G, edge computing, and smart mobility influence the market.

Especially artificial intelligence (AI) is boosting further innovation in the field of automation. AI in robotics is becoming more sophisticated, and the use of self-learning robots are becoming more popular. In addition to that, the possibility to collect and analyze data from intelligently automated processes allows manufacturers and service providers to make data-driven decisions.

Furthermore, the COVID-19 pandemic has left some sectors struggling to fill job vacancies. Robot solutions can also partially compensate for these deficits or assist the remaining employees, for example, in retail or hospitality, that have been faced with challenges due to staff shortages.

The trend of simplification is another driver of the Robotics market. With decreasing implementation efforts, robotics is also gaining importance in industries that have not used robots in the past. Robot manufacturers try to make their products easier to use by providing holistic offerings, i.e., bundling hardware packages with software solutions, which facilitates easier implementation of autonomous setups.

With all these trends driving the Robotics market, it is expected to continue growing in the future, resulting in positive revenue growth rates in the forecast period.

Methodology

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Volume
  • Collaborative Robots
  • Price
  • Autonomous mobile robots
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Kisara Mizuno
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)