Robotics market size surges as automation scales across industries
Global robotics demand is accelerating as manufacturers, logistics operators, and service providers automate at scale. New data shows record installations, robust service-robot sales, and a multi‑year growth runway that could push market revenues toward $70 billion by the decade’s end.
Global snapshot: revenue momentum and the automation imperative
In the Robotics sector, The robotics market is expanding on the back of structural labor shortages, throughput demands, and the maturation of AI-driven perception and planning. Industry revenue is tracking a steady climb, with worldwide robotics revenues projected to approach the high tens of billions by the latter half of the decade, according to recent research from Statista’s market insights platform that points to a trajectory near $70 billion by 2028 according to recent research. While estimates vary by methodology and segment definitions, consensus among analysts is for double‑digit annual growth fueled by industrial upgrades and service‑automation use cases.
Corporate capex is tilting toward automation as manufacturers seek resiliency and cost control. The post‑pandemic drive to re-shore and modernize production, paired with logistics networks optimized for omnichannel retail, is drawing more dollars into articulated arms, collaborative robots, mobile platforms, and software orchestration. That investment is increasingly justified by improved ROI—cycle time reductions, higher overall equipment effectiveness, and safer operations—underpinned by better sensors and machine vision, AI simulation, and digital twins.
Industrial vs. service robotics: divergent curves, shared tailwinds
Industrial robots remain the backbone of the market, with installations setting fresh records and broadening beyond auto and electronics into metals, plastics, and food and beverage. The International Federation of Robotics reports that global installations hit a record in recent years, with 2022 reaching 553,000 units and momentum continuing into 2023 as China led deployments across factory floors industry reports show. That cadence reflects multi‑year modernization cycles and capex programs calibrated to throughput, quality, and safety metrics.
Service robotics, meanwhile, is scaling rapidly from smaller bases. The IFR’s World Robotics report noted that the sales value of professional service robots jumped 48% year over year to $9.2 billion, with logistics systems (such as autonomous mobile robots for warehouses) capturing the largest share data from analysts. In the field, marquee adopters are illustrating the operational impact: Amazon, for example, now deploys hundreds of thousands of robots across its fulfillment network to boost speed and accuracy while working alongside human associates company disclosures indicate...