Robotics Market Size, Share, Growth Analysis, By Component(Hardware (Sensor, Actuator, Power Source, Control System)), By Type(Personal/Domestic Robots, and Professional Robots), By Mobility (Mobile, and Fixed/Stationary), By Application(Inspection and Maintenance, Material Handling and Sorting, Security and Surveillance, Education and Entertainment), By Operating Environment(Ground and Underwater), By End-User(Manufacturing, Healthcare, Agriculture, Military and Défense), By Region - Industry Forecast 2024-2031

Asia-Pacific dominates the global robotics market due to high government support, quality manufacturing base and huge investments in automation. Countries such as China, Japan and South Korea are particularly rapidly increasing the use of robotics. They have a competitive advantage over others. Furthermore, as Asia Pacific focuses on introducing robots in sectors such as consumer electronics, healthcare services and logistics, it is becoming a major player in industrial robotics space across the globe thus continuing to drive the growth of the market.  

The demand for robotics in North America end-use sectors such as automotive, manufacturing, healthcare, food and beverages, consumer products, and others is much higher. Rising demand for robotics in the region is being driven by technological advancements, trade policy, and wage pressures. The automation movement in North American countries provides a way for local and worldwide robotics strategy development. Venture capital companies in the United States are increasingly investing in robotics technology businesses to support the market's growth. North America plays a pivotal role inside the global robotics marketplace, performing as a main hub for innovation, improvement, and adoption of advanced robotic technology.