Robotic Platform Market Size Worth $ 15.58 Billion By 2032 | CAGR: 5.7% (2024)

The global robotic platform market size is expected to reach USD 15.58 billion by 2032, according to a new study by Polaris Market Research. The report “Global Robotic Platform Market Size, Share, Trends, Industry Analysis Report: By Robot Type, By Type (Fixed, Mobile), By Deployment, By End-User, and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) – Market Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The robotic platform market is expanding due to the growing demand for automation in various industries, including healthcare, hospitality, logistics, and home environments. This has led to the development of service robots designed to assist humans in non-manufacturing settings. These robots are equipped with advanced software platforms, which enhance their capabilities and enable them to interact more intelligently with their environment and users. These platforms incorporate features such as natural language processing, machine learning, and advanced navigation.

In the healthcare industry, service robots with advanced software are being used for tasks such as patient care, surgical assistance, and medical supply distribution. The global pandemic has highlighted the importance of contactless services and remote operations, resulting in an increased need for service robots.

For instance, OTSAW launched Camello+, a service robot for the healthcare industry at Arab Health 2024, Dubai. This service robot is capable of transporting medications, meals, laundry, surgical instruments, and medical waste owing to its versatile modular attachments with a battery life of up to eight hours.

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In addition, there has been a significant increase in the use of robotic platforms within fixed systems. These systems enable remote monitoring and maintenance capabilities. The use of robotic platforms in fixed systems provides precise motion control, simulation, and programming capabilities, as well as sensor integration, user-friendly interfaces, machine learning, and AI integration. Additionally, it offers seamless system integration and contributes to increased efficiency, productivity, quality, and flexibility in industrial and manufacturing environments.

For instance, in August 2023, Cognex partnered with OSARO to improve the performance of pick-and-place robots in fixed systems of warehouses. The collaboration between OSARO's AI-powered SightWorks software and Cognex's DataMan scanners resulted in over 99% accuracy on Zenni's fixed fulfillment line.

Robotic Platform Market Report Highlights

• The industrial robots segment dominated the market owing to their improved functionality, adaptability, and effectiveness in various industrial applications.
• The manufacturing category dominated the market as robotic platforms ensure precise and consistent task execution by enhancing product quality and reducing defects during manufacturing processes.
• The North America region dominated the robotic platform market owing to the rapid integration of machine learning and artificial intelligence technologies in robotic platforms.
• The Asia-Pacific region is expected to grow at the fastest CAGR as this region is rapidly adopting automation and robotic platforms in various sectors, especially in healthcare.
• The global key market players include ABB, Cyberbotics, Google Inc., IBM, Microsoft, NVIDIA Corporation, Omron Corporation, Rethink Robotics, Rockwell Automation Company, and Universal Robots A/S.

Polaris Market Research has segmented the robotic platform market report based on robot type, type, deployment, end-user, and region:

Robotic Platform, Robot Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Industrial Robots
• Service Robots

Robotic Platform, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Fixed
• Mobile

Robotic Platform, Deployment Outlook (Revenue - USD Billion, 2019 - 2032)

• On-Cloud
• On-premises

Robotic Platform, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

• Manufacturing

• Pharmaceuticals & Cosmetic
• Plastic, Rubber, and Chemicals
• Automotive
• Electrical & Electronics
• Food & Beverages
• Metals & Machinery
• Others

• Logistics and Transportation
• Retail and E-commerce
• Healthcare
• Residential
• Others

Robotic Platform, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Australia
• Vietnam
• Malaysia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Robotic Platform Report Scope: