Internet of Robotic Things Market

Internet of Robotic Things Market Analysis by Real-time Streaming Analytics, Data Management, Security Solutions, Remote Monitoring Systems, and Network Bandwidth Management from 2023 to 2033

Analysis of Internet of Robotic Things Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Internet of Robotic Things Market Outlook (2023 to 2033)

According to the newly published study by Fact.MR, the global Internet of Robotic Things (IoRT) Market size was valued at US$ 34.51 billion in 2022. During the forecast period (2023 to 2033), the market is projected to expand swiftly at 26.8% CAGR and reach a value of US$ 470.5 billion by 2033-end.

Increasing adoption of IoT (Internet of Things) sensors in several industries, including automotive & manufacturing, aerospace & defense, and healthcare, is driving internet of robotic things market growth. In addition, the growing use of cloud computing along with the availability of various low-cost sensors is predicted to fuel demand for the internet of robotic things.

Prominent Market Growth Drivers

  • Several regulatory bodies and governments are recognizing the benefits of IoRT. They are taking the required steps for the creation of regulatory frameworks to support the responsible and safe adoption of these services.
  • Integration of machine learning and artificial intelligence (AI) algorithms into the internet of robotic systems enables robots to understand and adapt to changing environments to make them more capable and versatile.

The healthcare sector is projected to contribute to the rising demand for smart robots. These AI-powered robots assist doctors or healthcare providers in performing routine tasks and monitoring patient health.

  • The market in China is predicted to advance at a CAGR of 25.9% CAGR and reach a value of US$ 38.21 billion by 2033-end.
  • The North American market is forecasted to reach US$ 87 billion by 2033.

Collaborative robots are also addressed as cobots and are designed to work in collaborative environments alongside humans. They are equipped with some safety features and advanced sensors that assist them in working efficiently and safely.

The trend of smart manufacturing is transforming industries. Application of smart technologies, including artificial intelligence (AI), IoT, and robotics, to design highly flexible and automated production systems is forecasted to contribute to growth opportunities.

Report Attributes Details
Internet of Robotic Things Market Size (2022A) US$ 34.51 Billion
Estimated Market Value (2023E) US$ 43.76 Billion
Forecasted Market Value (2033F) US$ 470.5 Billion
Global Market Growth Rate (2023 to 2033) 26.8% CAGR
United States Market Value (2022) US$ 10.81 Billion
IoRT for Professional Services (2033) US$ 150.7 Billion
Japan Market Growth Rate (2023 to 2033) 23.9% CAGR
Germany Market Growth Rate (2023 to 2033) 18.7% CAGR
Key Companies Profiled
  • ABB Ltd.
  • Amazon.com, Inc.
  • Aethon, Inc.
  • Cisco Systems, Inc.
  • FANUC Corporation
  • ECA Group
  • Gecko Systems Intl. Corporation
  • Honda Motor Co., Ltd.
  • Google LLC
  • Intel Corporation
  • iRobot Corporation
  • Northrop Grumman Corporation
  • KUKA AG
  • Robert Bosch GmbH
  • Omron Adept Technologies, Inc.
  • Samsung Electronics Co., Ltd.
  • Yaskawa Electric Corporation.

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Which Aspects are Projected to Generate Market Opportunities for IoRT Providers?

“Market Benefitting from Availability of High-speed Network Connectivity”

Seamless web connectivity and high-speed data connectivity are some of the prominent drivers boosting demand for IoRT. In addition, high-speed data connectivity (5G network), especially in developing economies, is predicted to boost the adoption of smart robots. Demand for quick returns on investment in diverse sectors such as healthcare and automotive has led to the surge in demand for high-speed robotics.

“Growing Need for Increased Efficiency and Productivity in Industrial Processes”

The need for increased efficiency, precision, and productivity in industrial processes is projected to serve as one of the noticeable drivers for the adoption of the IoRT. Industrial robots are equipped with IoT capabilities to optimize production lines, enhance automation, and monitor equipment health.

What Challenges are Predicted to Inhibit Demand for IoRT?

“High Cost of IoRT Implementation”

Robotic automation is sometimes challenging, especially for organizations with no or limited experience. Replacement of human workers with robots may not always reduce the operation costs for organizations. Multiple expenditures, including the costs of industrial robots and their integration, can make automation a costly affair.

“Lack of Skilled Personnel Impeding Market Expansion”

A lack of skilled labor force along with limited technological knowledge in underdeveloped and developing economies is estimated to limit market expansion opportunities. Ignorance of consumers about the IoRT technology and associated challenges can slow down the market growth rate.

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What Strategies are Helping Start-ups Generate Significant Revenue?

“Investments in AI and IoT to Enhance Production Capabilities”

Smart and innovative technologies are used extensively in industrial production. Repetitive tasks can be completed easily with the aid of multiple improved automation systems. Production of high-quality goods is possible with the assistance of advanced robotics while at the same time maintaining the value of current workers. Therefore, it is estimated that start-ups need to invest in cutting-edge technologies, IoT, AI (artificial intelligence), machine learning, etc., to increase production capacities.

Country-wise Insights

North America is forecasted to continue its dominance because of the presence of several vendors and the rising deployment of smart robotics. Further, the increasing adoption of different types of connected devices in Asia Pacific to reduce unnecessary economic expenses is generating opportunities for players.

Why is the United States a Key Market for IoRT?

“Rising IoRT Implementation for Predictive Maintenance and Cost Reduction”

Demand for IoRT solutions in the United States reached US$ 10.81 billion in 2022. Moreover, the U.S. internet of robotic things market is projected to advance at a CAGR of 24.4% and reach US$ 60 billion by 2033.

Presence of a large number of prominent manufacturing units in the United States is predicted to contribute an 11.1% share to the country’s GDP. Implementation of IoRT enables predictive maintenance, reduces costs, and improves efficiency. Process customization, real-time data analysis, and remote monitoring of industrial systems are some other key features of these smart robots that are contributing to revenue streams.

What is the Stance of the United Kingdom Market on Internet of Things?

“Growing Emphasis on Enhancing Manufacturing Efficiency”

The United Kingdom market is forecasted to expand at a 24.8% CAGR and reach a value of US$ 10.11 billion by 2033-end. Demand for IoRT solutions is forecasted to increase as manufacturers in the country are seeking to enhance efficiency, reduce costs, and improve productivity. The increased use of robotics is attributed to their ability to offer remote monitoring as well as control of industrial systems, customization of processes, and real-time data analysis.

Why is Demand for IoRT Solutions Accelerating Significantly in China?

“Rising Adoption of Industrial Automation for Improved Productivity”

Sales of the IoRT solutions in China are projected to advance at a CAGR of 25.9% and reach US$ 38.21 billion by the end of 2033. Many companies worldwide are planning to set up their manufacturing units in the country. Companies are implementing automation to improve the efficiency and productivity of their respective plants. Therefore, the growing adoption of automation is forecasted to contribute to higher demand for IoRT solutions.

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Category-wise Insights

With efficient security features, worldwide demand for IoRT solutions for device management platforms accelerated at a CAGR of 29.1% through 2022. Further, sales of smart robots in the service sector advanced at a 28.6% CAGR through 2022 owing to their use to remotely control and monitor equipment.

Which IoRT Platform is Gaining Traction across the World?

“Device Management Platforms Ensuring Security and Interoperability of IoRT Systems”

Demand for IoRT solutions for device management is predicted to advance at a 25.5% CAGR through 2033, according to Fact.MR, a market research and competitive intelligence provider.

Deployment of IoRT systems and devices is expanding across various industries, including healthcare, logistics, and manufacturing, which is further predicted to increase the complexity of systems. Management and monitoring of multiple devices, ensuring their security and interoperability with similar systems can be a challenging task.

An efficient device management platform with centralized monitoring and control of IoRT devices helps simplify the management task. Access control, authentication, and encryption are some key features of device management platforms.

Which IoRT Application is Generating Significant Revenue Streams?

“Widespread Use of Robotic Devices in Service Sector for Repetitive Tasks”

Use of IoRT in the service sector is projected to increase at 25.5% CAGR through 2033. The service sector is marked by a significant number of repetitive tasks and manual labor, which can be time-consuming and susceptible to errors. Application of different IoRT devices, including autonomous vehicles, drones, and robots is helpful in task automation, improving overall efficiency, and reducing labor costs.

Among various other sectors, hospitality is one of the prominent sectors that use robots to complete several tasks, including room service, concierge services, and cleaning.

Market Competition

Providers of IoRT solutions are focusing on innovation, quality control of products, and efficient management of supply chain systems. Product launches, collaborations, partnerships, etc., are some key strategies that are adopted by players to expand their reach across geographies.

For instance :

  • ABB Ltd., in January 2022, unveiled its compact four-axis IRB 460 robots with AI capabilities and high speed for industrial applications. It is particularly designed for applications involving material handling, palletizing, and depalletizing and comes with smart sensor technology.
  • FedEx, in February 2019, announced the deployment of its robotic delivery system to help retailers in the distribution of orders on the very same day. Equipped with pedestrian-safe technology, it ensures the use of multiple cameras and LIDAT to detect surroundings.

Prominent players in the internet of robotic things market include ABB Ltd., Amazon.com, Inc., Aethon, Inc., Cisco Systems, Inc., FANUC Corporation, ECA Group, Gecko Systems Intl. Corporation, Honda Motor Co., Ltd., Google LLC, Intel Corporation, iRobot Corporation, Northrop Grumman Corporation, KUKA AG, Robert Bosch GmbH, Omron Adept Technologies, Inc., Samsung Electronics Co., Ltd., and Yaskawa Electric Corporation.

Segmentation of Internet of Robotic Things Market Research

  • By Service :

    • Professional
    • Managed
  • By Component :

    • Sensors
    • Power Sources
    • Actuators
    • Control Systems
  • By Software :

    • Real-time Streaming Analytics
    • Data Management
    • Security Solutions
    • Remote Monitoring Systems
    • Network Bandwidth Management
  • By Platform :

    • Device Management
    • Application Management
    • Network Management
  • By Application :

    • Collaborative Industrial Robots
    • Service Robots
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Market Background

    4.1. Macro-Economic Factors

        4.1.1. Rise in Expenditure

        4.1.2. Increased Per Capita Expenditure

    4.2. Forecast Factors - Relevance & Impact

        4.2.1. Product in Pipeline

        4.2.2. Regulatory Scenario

        4.2.3. Mergers and Acquisitions

        4.2.4. Collaborative Agreements

        4.2.5. Value Chain

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunity Analysis

    4.4. COVID19 Crisis Analysis

        4.4.1. Current COVID19 Statistics and Probable Future Impact

        4.4.2. Current GDP Projection and Probable Impact

        4.4.3. Current Economic Projection as Compared to 2008 Economic analysis

        4.4.4. COVID19 and Impact Analysis

            4.4.4.1. Revenue By Service

            4.4.4.2. Revenue By Software

            4.4.4.3. Revenue By Component

            4.4.4.4. Revenue By Platform

            4.4.4.5. Revenue By Application

            4.4.4.6. Revenue By Country

        4.4.5. 2020 Market Scenario

        4.4.6. Quarter by Quarter Forecast

        4.4.7. Projected Recovery Quarter

        4.4.8. Recovery Scenario – Short term, Midterm and Long Term Impact

5. Market Context

    5.1. Adoption and Usage Analysis

    5.2. Market Evolution

    5.3. Product Vs Software Matrix

    5.4. Regulatory Scenario

    5.5. Parent Market Analysis

    5.6. Key Promotional Strategies by Market Players

6. Global Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Service

    6.2. Pricing Break-up

        6.2.1. Manufacturer Level Pricing

        6.2.2. Distributor Level Pricing

    6.3. Global Average Pricing Analysis Benchmark

7. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033

    7.1. Historical Market Value (US$ Mn) Analysis, 2018 to 2022

    7.2. Current and Future Market Value (US$ Mn) Projections, 2023 to 2033

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service

    8.1. Introduction / Key Findings

    8.2. Historical Market Size (US$ Mn) Analysis By Service, 2018 to 2022

    8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Service, 2023 to 2033

        8.3.1. Professional

        8.3.2. Managed

    8.4. Market Attractiveness Analysis By Service

9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Component

    9.1. Introduction / Key Findings Nature Size, 2018 to 2022

    9.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Component, 2023 to 2033

        9.2.1. Sensors

        9.2.2. Power Sources

        9.2.3. Actuators

        9.2.4. Control Systems

    9.3. Market Attractiveness Analysis By Component

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Software

    10.1. Introduction / Key Findings Software Size, 2018 to 2022

    10.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Software, 2023 to 2033

        10.2.1. Real-time Streaming Analytics

        10.2.2. Data Management

        10.2.3. Security Solutions

        10.2.4. Remote Monitoring Systems

        10.2.5. Network Bandwidth Management

    10.3. Market Attractiveness Analysis By Software

11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Platform

    11.1. Introduction / Key Findings Size, 2018 to 2022

    11.2. Current and Future Market Size (US$ Mn) Analysis and Forecast By Platform, 2023 to 2033

        11.2.1. Device Management

        11.2.2. Application Management

        11.2.3. Network Management

    11.3. Market Attractiveness Analysis By Platform

12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application

    12.1. Introduction / Key Findings

    12.2. Historical Market Size (US$ Mn) Analysis By Application, 2018 to 2022

    12.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2023 to 2033

        12.3.1. Collaborative Industrial Robots

        12.3.2. Service Robots

    12.4. Market Attractiveness Analysis By Application

13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) Analysis By Region, 2018 to 2022

    13.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2023 to 2033

        13.3.1. North America

        13.3.2. Latin America

        13.3.3. Europe

        13.3.4. East Asia

        13.3.5. South Asia

        13.3.6. Oceania

        13.3.7. Middle East and Africa (MEA)

    13.4. Market Attractiveness Analysis By Region

14. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033

        14.3.1. By Country

            14.3.1.1. United States

            14.3.1.2. Canada

        14.3.2. By Service

        14.3.3. By Nature

        14.3.4. By Software

        14.3.5. By Platform

        14.3.6. By Application

    14.4. Market Attractiveness Analysis

    14.5. Market Trends

    14.6. Key Market Participants - Intensity Mapping

    14.7. Drivers and Restraints - Impact Analysis

15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033

        15.3.1. By Country

            15.3.1.1. Germany

            15.3.1.2. Italy

            15.3.1.3. France

            15.3.1.4. United Kingdom

            15.3.1.5. Spain

            15.3.1.6. Rest of Europe

        15.3.2. By Service

        15.3.3. By Nature

        15.3.4. By Software

        15.3.5. By Platform

        15.3.6. By Application

    15.4. Market Attractiveness Analysis

    15.5. Market Trends

    15.6. Key Market Participants - Intensity Mapping

    15.7. Drivers and Restraints - Impact Analysis

16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022

    16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033

        16.3.1. By Country

            16.3.1.1. GCC Countries

            16.3.1.2. South Africa

            16.3.1.3. Rest of Middle East and Africa

        16.3.2. By Service

        16.3.3. By Nature

        16.3.4. By Software

        16.3.5. By Platform

        16.3.6. By Application

    16.4. Market Attractiveness Analysis

    16.5. Market Trends

    16.6. Key Market Participants - Intensity Mapping

    16.7. Drivers and Restraints - Impact Analysis

17. Rest of the World Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    17.1. Introduction

    17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022

    17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2033

        17.3.1. By Service

        17.3.2. By Component

        17.3.3. By Software

        17.3.4. By Platform

        17.3.5. By Application

    17.4. Market Attractiveness Analysis

    17.5. Market Trends

    17.6. Key Market Participants - Intensity Mapping

    17.7. Drivers and Restraints - Impact Analysis

18. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033

    18.1. Introduction

        18.1.1. Market Value Proportion Analysis, By Key Countries

        18.1.2. Global Vs. Country Growth Comparison

    18.2. United States Market Analysis

        18.2.1. By Service

        18.2.2. By Component

        18.2.3. By Software

        18.2.4. By Platform

        18.2.5. By Application

    18.3. Canada Market Analysis

        18.3.1. By Service

        18.3.2. By Component

        18.3.3. By Software

        18.3.4. By Platform

        18.3.5. By Application

    18.4. United Kingdom Market Analysis

        18.4.1. By Service

        18.4.2. By Component

        18.4.3. By Software

        18.4.4. By Platform

        18.4.5. By Application

    18.5. Germany Market Analysis

        18.5.1. By Service

        18.5.2. By Component

        18.5.3. By Software

        18.5.4. By Platform

        18.5.5. By Application

    18.6. France Market Analysis

        18.6.1. By Service

        18.6.2. By Component

        18.6.3. By Software

        18.6.4. By Platform

        18.6.5. By Application

    18.7. Italy Market Analysis

        18.7.1. By Service

        18.7.2. By Component

        18.7.3. By Software

        18.7.4. By Platform

        18.7.5. By Application

    18.8. Spain Market Analysis

        18.8.1. By Service

        18.8.2. By Component

        18.8.3. By Software

        18.8.4. By Platform

        18.8.5. By Application

        18.8.6. By Application

    18.9. GCC Countries Market Analysis

        18.9.1. By Service

        18.9.2. By Component

        18.9.3. By Software

        18.9.4. By Platform

        18.9.5. By Application

    18.10.  South Africa Market Analysis

        18.10.1. By Service

        18.10.2. By Component

        18.10.3. By Software

        18.10.4. By Platform

        18.10.5. By Application

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies

    19.2. Market Concentration

    19.3. Market Share Analysis of Top Players

    19.4. Market Presence Analysis

        19.4.1. By Regional footprint of Players

        19.4.2. Product foot print by Players

        19.4.3. Channel Foot Print by Players

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Competition Benchmarking

    20.3. Competition Deep Dive

        20.3.1. ABB Ltd.

            20.3.1.1. Overview

            20.3.1.2. Product Portfolio

            20.3.1.3. Analyst Commentary

            20.3.1.4. Key Financials

            20.3.1.5. Recent Developments

            20.3.1.6. Sales Footprint

            20.3.1.7. Strategy Overview

                20.3.1.7.1. Marketing Strategy

                20.3.1.7.2. Product Strategy

                20.3.1.7.3. Channel Strategy

        20.3.2. Amazon.com, Inc.

            20.3.2.1. Overview

            20.3.2.2. Product Portfolio

            20.3.2.3. Analyst Commentary

            20.3.2.4. Key Financials

            20.3.2.5. Recent Developments

            20.3.2.6. Sales Footprint

            20.3.2.7. Strategy Overview

                20.3.2.7.1. Marketing Strategy

                20.3.2.7.2. Product Strategy

                20.3.2.7.3. Channel Strategy

        20.3.3. Aethon, Inc.

            20.3.3.1. Overview

            20.3.3.2. Product Portfolio

            20.3.3.3. Analyst Commentary

            20.3.3.4. Key Financials

            20.3.3.5. Recent Developments

            20.3.3.6. Sales Footprint

            20.3.3.7. Strategy Overview

                20.3.3.7.1. Marketing Strategy

                20.3.3.7.2. Product Strategy

                20.3.3.7.3. Channel Strategy

        20.3.4. Cisco Systems, Inc.

            20.3.4.1. Overview

            20.3.4.2. Product Portfolio

            20.3.4.3. Analyst Commentary

            20.3.4.4. Key Financials

            20.3.4.5. Recent Developments

            20.3.4.6. Sales Footprint

            20.3.4.7. Strategy Overview

                20.3.4.7.1. Marketing Strategy

                20.3.4.7.2. Product Strategy

                20.3.4.7.3. Channel Strategy

        20.3.5. FANUC Corporation

            20.3.5.1. Overview

            20.3.5.2. Product Portfolio

            20.3.5.3. Analyst Commentary

            20.3.5.4. Key Financials

            20.3.5.5. Recent Developments

            20.3.5.6. Sales Footprint

            20.3.5.7. Strategy Overview

                20.3.5.7.1. Marketing Strategy

                20.3.5.7.2. Product Strategy

                20.3.5.7.3. Channel Strategy

        20.3.6. ECA Group

            20.3.6.1. Overview

            20.3.6.2. Product Portfolio

            20.3.6.3. Analyst Commentary

            20.3.6.4. Key Financials

            20.3.6.5. Recent Developments

            20.3.6.6. Sales Footprint

            20.3.6.7. Strategy Overview

                20.3.6.7.1. Marketing Strategy

                20.3.6.7.2. Product Strategy

                20.3.6.7.3. Channel Strategy

        20.3.7. Gecko Systems Intl. Corporation

            20.3.7.1. Overview

            20.3.7.2. Product Portfolio

            20.3.7.3. Analyst Commentary

            20.3.7.4. Key Financials

            20.3.7.5. Recent Developments

            20.3.7.6. Sales Footprint

            20.3.7.7. Strategy Overview

                20.3.7.7.1. Marketing Strategy

                20.3.7.7.2. Product Strategy

                20.3.7.7.3. Channel Strategy

        20.3.8. Honda Motor Co., Ltd.

            20.3.8.1. Overview

            20.3.8.2. Product Portfolio

            20.3.8.3. Analyst Commentary

            20.3.8.4. Key Financials

            20.3.8.5. Recent Developments

            20.3.8.6. Sales Footprint

            20.3.8.7. Strategy Overview

                20.3.8.7.1. Marketing Strategy

                20.3.8.7.2. Product Strategy

                20.3.8.7.3. Channel Strategy

        20.3.9. Google LLC

            20.3.9.1. Overview

            20.3.9.2. Product Portfolio

            20.3.9.3. Analyst Commentary

            20.3.9.4. Key Financials

            20.3.9.5. Recent Developments

            20.3.9.6. Sales Footprint

            20.3.9.7. Strategy Overview

                20.3.9.7.1. Marketing Strategy

                20.3.9.7.2. Product Strategy

                20.3.9.7.3. Channel Strategy

        20.3.10. Intel Corporation

            20.3.10.1. Overview

            20.3.10.2. Product Portfolio

            20.3.10.3. Analyst Commentary

            20.3.10.4. Key Financials

            20.3.10.5. Recent Developments

            20.3.10.6. Sales Footprint

            20.3.10.7. Strategy Overview

                20.3.10.7.1. Marketing Strategy

                20.3.10.7.2. Product Strategy

                20.3.10.7.3. Channel Strategy

        20.3.11. iRobot Corporation

            20.3.11.1. Overview

            20.3.11.2. Product Portfolio

            20.3.11.3. Analyst Commentary

            20.3.11.4. Key Financials

            20.3.11.5. Recent Developments

            20.3.11.6. Sales Footprint

            20.3.11.7. Strategy Overview

                20.3.11.7.1. Marketing Strategy

                20.3.11.7.2. Product Strategy

                20.3.11.7.3. Channel Strategy

        20.3.12. Northrop Grumman Corporation

            20.3.12.1. Overview

            20.3.12.2. Product Portfolio

            20.3.12.3. Analyst Commentary

            20.3.12.4. Key Financials

            20.3.12.5. Recent Developments

            20.3.12.6. Sales Footprint

            20.3.12.7. Strategy Overview

                20.3.12.7.1. Marketing Strategy

                20.3.12.7.2. Product Strategy

                20.3.12.7.3. Channel Strategy

        20.3.13. KUKA AG

            20.3.13.1. Overview

            20.3.13.2. Product Portfolio

            20.3.13.3. Analyst Commentary

            20.3.13.4. Key Financials

            20.3.13.5. Recent Developments

            20.3.13.6. Sales Footprint

            20.3.13.7. Strategy Overview

                20.3.13.7.1. Marketing Strategy

                20.3.13.7.2. Product Strategy

                20.3.13.7.3. Channel Strategy

        20.3.14. Robert Bosch GmbH

            20.3.14.1. Overview

            20.3.14.2. Product Portfolio

            20.3.14.3. Analyst Commentary

            20.3.14.4. Key Financials

            20.3.14.5. Recent Developments

            20.3.14.6. Sales Footprint

            20.3.14.7. Strategy Overview

                20.3.14.7.1. Marketing Strategy

                20.3.14.7.2. Product Strategy

                20.3.14.7.3. Channel Strategy

        20.3.15. Omron Adept Technologies, Inc.

            20.3.15.1. Overview

            20.3.15.2. Product Portfolio

            20.3.15.3. Analyst Commentary

            20.3.15.4. Key Financials

            20.3.15.5. Recent Developments

            20.3.15.6. Sales Footprint

            20.3.15.7. Strategy Overview

                20.3.15.7.1. Marketing Strategy

                20.3.15.7.2. Product Strategy

                20.3.15.7.3. Channel Strategy

        20.3.16. Samsung Electronics Co., Ltd.

            20.3.16.1. Overview

            20.3.16.2. Product Portfolio

            20.3.16.3. Analyst Commentary

            20.3.16.4. Key Financials

            20.3.16.5. Recent Developments

            20.3.16.6. Sales Footprint

            20.3.16.7. Strategy Overview

                20.3.16.7.1. Marketing Strategy

                20.3.16.7.2. Product Strategy

                20.3.16.7.3. Channel Strategy

        20.3.17. Yaskawa Electric Corporation.

            20.3.17.1. Overview

            20.3.17.2. Product Portfolio

            20.3.17.3. Analyst Commentary

            20.3.17.4. Key Financials

            20.3.17.5. Recent Developments

            20.3.17.6. Sales Footprint

            20.3.17.7. Strategy Overview

                20.3.17.7.1. Marketing Strategy

                20.3.17.7.2. Product Strategy

                20.3.17.7.3. Channel Strategy

21. Assumptions and Acronyms Used

22. Research Methodology

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List Of Table

Table 01: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service

Table 02: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component

Table 03: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Software

Table 04: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform

Table 05: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

Table 06: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform Age Group

Table 07: Global Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

Table 08: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

Table 09: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service

Table 10: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Software

Table 11: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component

Table 12: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform

Table 13: North America Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

Table 14: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

Table 15: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service

Table 16: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Software

Table 17: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component

Table 18: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform

Table 19: Europe Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

Table 20: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

Table 21: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service

Table 22: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Software

Table 23: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component

Table 24: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform

Table 25: Middle East and Africa Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

Table 26: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Service

Table 27: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Software

Table 28: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component

Table 29: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Platform

Table 30: Rest of the World Market Size (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application

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List Of Figures

Figure 01: Global Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033

Figure 02: Global Market Absolute $ Opportunity, 2023 to 2033

Figure 03: Global Market Share Analysis (%), By Service, 2023 & 2033

Figure 04: Global Market Y-o-Y Analysis (%), By Service, 2023 to 2033

Figure 05: Global Market Attractiveness Analysis By Service, 2023 to 2033

Figure 06: Global Market Share Analysis (%), By Component, 2023 & 2033

Figure 07: Global Market Y-o-Y Analysis (%), By Component, 2023 to 2033

Figure 08: Global Market Attractiveness Analysis By Component, 2023 to 2033

Figure 09: Global Market Share Analysis (%), By Software, 2023 & 2033

Figure 10: Global Market Y-o-Y Analysis (%), By Software, 2023 to 2033

Figure 11: Global Market Attractiveness Analysis By Software, 2023 to 2033

Figure 12: Global Market Share Analysis (%), By Platform, 2023 & 2033

Figure 13: Global Market Y-o-Y Analysis (%), By Platform, 2023 to 2033

Figure 14: Global Market Attractiveness Analysis By Platform, 2023 to 2033

Figure 15: Global Market Share Analysis (%), By Application, 2023 & 2033

Figure 16: Global Market Y-o-Y Analysis (%), By Application , 2023 to 2033

Figure 17: Global Market Attractiveness Analysis, By Application, 2023 to 2033

Figure 18: Global Market Share Analysis (%), By Platform Age Group, 2023 & 2033

Figure 19: Global Market Y-o-Y Analysis (%), By Platform Age Group, 2023 to 2033

Figure 20: Global Market Attractiveness Analysis By Platform Age Group, 2023 to 2033

Figure 21: Global Market Share Analysis (%), By Region, 2023 & 2033

Figure 22: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033

Figure 23: Global Market Attractiveness Analysis, By Region, 2023 to 2033

Figure 24: North America Market Value Share, By Service, 2023 (E)

Figure 25: North America Market Value Share, By Softwares 2023 (E)

Figure 26: North America Market Value Share, By Component, 2023 (E)

Figure 27: North America Market Value Share, By Platform, 2023 (E)

Figure 28: North America Market Value Share, By Application, 2023 (E)

Figure 29: North America Market Value Share, By Country, 2023 (E)

Figure 30: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033

Figure 31: North America Market Attractiveness Analysis By Service, 2023 to 2033

Figure 32: North America Market Attractiveness Analysis By Software, 2023 to 2033

Figure 33: North America Market Attractiveness Analysis By Component, 2023 to 2033

Figure 34: North America Market Attractiveness Analysis By Platform, 2023 to 2033

Figure 35: North America Market Attractiveness Analysis By Application, 2023 to 2033

Figure 36: North America Market Attractiveness Analysis By Country, 2023 to 2033

Figure 37: Europe Market Value Share, By Service, 2023 (E)

Figure 38: Europe Market Value Share, By Softwares 2023 (E)

Figure 39: Europe Market Value Share, By Component, 2023 (E)

Figure 40: Europe Market Value Share, By Platform, 2023 (E)

Figure 41: Europe Market Value Share, By Application, 2023 (E)

Figure 42: Europe Market Value Share, By Country, 2023 (E)

Figure 43: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033

Figure 44: Europe Market Attractiveness Analysis By Service, 2023 to 2033

Figure 45: Europe Market Attractiveness Analysis By Software, 2023 to 2033

Figure 46: Europe Market Attractiveness Analysis By Component, 2023 to 2033

Figure 47: Europe Market Attractiveness Analysis By Platform, 2023 to 2033

Figure 48: Europe Market Attractiveness Analysis By Component, 2023 to 2033

Figure 49: Europe Market Attractiveness Analysis By Country, 2023 to 2033

Figure 50: Middle East and Africa Market Value Share, By Service, 2023 (E)

Figure 51: Middle East and Africa Market Value Share, By Software, 2023 (E)

Figure 52: Middle East and Africa Market Value Share, By Component, 2023 (E)

Figure 53: Middle East and Africa Market Value Share, By Platform, 2023 (E)

Figure 54: Middle East and Africa Market Value Share, By Application, 2023 (E)

Figure 55: Middle East and Africa Market Value Share, By Country, 2023 (E)

Figure 56: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033

Figure 57: Middle East and Africa Market Attractiveness Analysis By Service, 2023 to 2033

Figure 58: Middle East and Africa Market Attractiveness Analysis By Software, 2023 to 2033

Figure 59: Middle East and Africa Market Attractiveness Analysis By Component, 2023 to 2033

Figure 60: Middle East and Africa Market Attractiveness Analysis By Platform, 2023 to 2033

Figure 61: Middle East and Africa Market Attractiveness Analysis By Application, 2023 to 2033

Figure 62: Middle East and Africa Market Attractiveness Analysis By Country, 2023 to 2033

Figure 63: Rest of the World Market Value Share, By Service, 2023 (E)

Figure 64: Rest of the World Market Value Share, By Softwares 2023 (E)

Figure 65: Rest of the World Market Value Share, By Component, 2023 (E)

Figure 66: Rest of the World Market Value Share, By Platform, 2023 (E)

Figure 67: Rest of the World Market Value Share, By Application, 2023 (E)

Figure 68: Rest of the World Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033

Figure 69: Rest of the World Market Attractiveness Analysis By Service, 2023 to 2033

Figure 70: Rest of the World Market Attractiveness Analysis By Software, 2023 to 2033

Figure 71: Rest of the World Market Attractiveness Analysis By Component, 2023 to 2033

Figure 72: Rest of the World Market Attractiveness Analysis By Platform, 2023 to 2033

Figure 73: Rest of the World Market Attractiveness Analysis By Application, 2023 to 2033

Figure 74: United States Market Value Share, By Service, 2023 & 2033

Figure 75: United States Market Value Share, By Software, 2023 & 2033

Figure 76: United States Market Value Share, By Component, 2020 &2030

Figure 77: United States Market Value Share, By Platform Age Group, 2023 & 2033

Figure 78: United States Market Value Share, By Application, 2023 & 2033

Figure 79: United States Market Value Analysis (US$ Mn), 2023 & 2033

Figure 80: Canada Market Value Share, By Service, 2023 & 2033

Figure 81: Canada Market Value Share, By Software, 2023 & 2033

Figure 82: Canada Market Value Share, By Component, 2023 & 2033

Figure 83: Canada Market Value Share, By Platform Age Group, 2023 & 2033

Figure 84: Canada Market Value Share, By Application, 2023 & 2033

Figure 85: Canada Market Value Analysis (US$ Mn), 2023 & 2033

Figure 86: United Kingdom Market Value Share, By Service, 2023 & 2033

Figure 87: United Kingdom Market Value Share, By Software, 2023 & 2033

Figure 88: United Kingdom Market Value Share, By Component, 2023 & 2033

Figure 89: United Kingdom Market Value Share, By Platform Age Group, 2023 & 2033

Figure 90: United Kingdom Market Value Share, By Application, 2023 & 2033

Figure 91: United Kingdom Market Value Analysis (US$ Mn), 2023 & 2033

Figure 92: Germany Market Value Share, By Service, 2023 & 2033

Figure 93: Germany Market Value Share, By Software, 2023 & 2033

Figure 94: Germany Market Value Share, By Component, 2023 & 2033

Figure 95: Germany Market Value Share, By Platform Age Group, 2023 & 2033

Figure 96: Germany Market Value Share, By Application, 2023 & 2033

Figure 97: Germany Market Value Analysis (US$ Mn), 2023 & 2033

Figure 98: France Market Value Share, By Service, 2023 & 2033

Figure 99: France Market Value Share, By Software, 2023 & 2033

Figure 100: France Market Value Share, By Component, 2023 & 2033

Figure 101: France. Market Value Share, By Platform Age Group, 2023 & 2033

Figure 102: France Market Value Share, By Application, 2023 & 2033

Figure 103: France Market Value Analysis (US$ Mn), 2023 & 2033

Figure 104: Italy Market Value Share, By Service, 2023 & 2033

Figure 105: Italy Market Value Share, By Software, 2023 & 2033

Figure 106: Italy Market Value Share, By Component, 2023 & 2033

Figure 107: Italy Market Value Share, By Platform Age Group, 2023 & 2033

Figure 108: Italy Market Value Share, By Application, 2023 & 2033

Figure 109: Italy Market Value Analysis (US$ Mn), 2023 & 2033

Figure 110: Spain Market Value Share, By Service, 2023 & 2033

Figure 111: Spain Market Value Share, By Software, 2023 & 2033

Figure 112: Spain Market Value Share, By Component, 2023 & 2033

Figure 113: Spain Market Value Share, By Platform Age Group, 2023 & 2033

Figure 114: Spain Market Value Share, By Application, 2023 & 2033

Figure 115: Spain Market Value Analysis (US$ Mn), 2023 & 2033

Figure 116: GCC Countries. Market Value Share, By Service, 2023 & 2033

Figure 117: GCC Countries Market Value Share, By Software, 2023 & 2033

Figure 118: GCC Countries Market Value Share, By Component, 2023 & 2033

Figure 119: GCC Countries Market Value Share, By Platform, 2023 & 2033

Figure 120: GCC Countries Market Value Share, By Application, 2023 & 2033

Figure 121: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033

Figure 122: South Africa Market Value Share, By Service, 2023 & 2033

Figure 123: South Africa Market Value Share, By Software, 2023 & 2033

Figure 124: South Africa Market Value Share, By Component, 2023 & 2033

Figure 125: South Africa Market Value Share, By Platform Age Group, 2023 & 2033

Figure 126: South Africa Market Value Share, By Application, 2023 & 2033

Figure 127: South Africa Market Value Analysis (US$ Mn), 2023 & 2033

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

- FAQs -

What was the value of the internet of robotic things market in 2022?

The global internet of robotic things market reached a size of US$ 34.51 billion in 2022.

What was the sales value of IoRT solutions in the United States in 2022?

Sales of IoRT solutions in the United States were pegged at US$ 10.81 billion in 2022.

How big is the internet of robotic things market in 2023?

The market for internet of robotic things is valued at US$ 43.76 billion in 2023.

At what rate is the demand for IoRT solutions forecasted to advance?

Global demand for IoRT solutions is projected to accelerate at 26.8% CAGR from 2023 to 2033.

What valuation is the internet of robotic things market estimated to reach by 2033?

The global market is predicted to reach US$ 470.5 billion by 2033-end.

At what rate is the market in Germany forecasted to advance?

The German market is predicted to expand at a CAGR of 18.7% through 2033.

What are the prospects for IoRT?

Continuous developments and advancements in robotics are expected to enhance the capabilities of robotics technology.

- Also of Interest -

IoT Sensor Market

IoT Sensor Market Study by Accelerometers, Gyroscopes, Magnetometers, and Pressure Sensors for Consumer Electronics, Healthcare, Automotive, Industrial Building, and Automation from 2024 to 2034

IoT Fleet Management Market

IoT Fleet Management Market Study by Routing Management, Tracking & Monitoring Management, Fuel Management, and Remote Diagnostics for Passenger Vehicles and Commercial Vehicles from 2024 to 2034

Automotive IoT Market

Automotive IoT Market Analysis by Vehicle-to-Vehicle, In-Vehicle Communication, and Vehicle to Infrastructure for Navigation, Infotainment, and Telematics from 2023 to 2033

IoT Microcontroller Market

IoT Microcontroller Market Analysis by Product (8 Bit, 16 Bit, 32 Bit IoT Microcontroller), by Application (Industrial Automation, Smart Homes, Consumer Electronics), by Region - Global Forecast 2022-2032

Internet of Robotic Things Market

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