Due to the increased need for specialised robots for industrial and military applications, the market is expected to grow throughout the projected period. The growing awareness of worker safety is also projected to drive the market. Specialized robots' use can reduce the risk of human injuries because they can do dangerous tasks without endangering human lives. As robotics are utilised more frequently in the healthcare sector, it is projected that this market would grow. Specialized robots are used during orthopaedic, cardiovascular, and other surgical operations.
The rising demand for more efficient and autonomous specialized robots is propelling the growth of the global specialized robot market. Specialized robots are becoming increasingly prevalent across a variety of sectors, from commercial to military applications, due to their ability to perform complex tasks with greater accuracy. The need for these highly sophisticated machines has been further driven by rising labour costs and limited resources.
The Global Specialized Robot Market is expected to experience a massive surge in demand during the forecast period of 2021 to 2031. This can be attributed to the numerous advantages offered by specialized robots, such as better efficiency and accuracy in carrying out specific tasks and improved safety in hazardous environments. Moreover, governments around the world are investing heavily in research and development of robotics technology which is further driving the market growth.
Specialized robots are industrial robots designed for specific applications instead of for general-purpose use. These specialized robots are used in various fields like agriculture, military, medical, manufacturing, and other industries. Specialized robots have advantages over traditional robotics such as improved accuracy, reliability, speed, and safety.
The global specialized robot market is projected to reach a value of USD 2.5 billion by 2031, at a CAGR of 13.5% during the forecast period (2021-2031).
The market's expansion is being hampered by elements like expensive installation and maintenance costs, a lack of experienced workers to operate these robots, and stringent governmental regulations. However, the market's expansion has been fueled by the growing use of robots in numerous fields, including the military, commercial, and other applications. It is anticipated that these constraints will be addressed and the spectacular growth of the specialised robot industry will continue thanks to advancements in technology like artificial intelligence, computer vision, and sensors.
The key players operating in the global specialized robot market are Autonomous Solutions Inc., Clearpath Robotics Inc, iRobot Corporation, FANUC CORPORATION, KUKA AG, YASKAWA ELECTRIC CORPORATION, DENSO CORPORATION, and AIST. Other prominent players in the global specialized robot market include ABB Ltd., STAUBLI International AG, DOBOT, Kollmorgen (A Danaher Motion Company), Omron Corporation, and SMP Robotics.
The Electric Patrol Robot Type to Emerge as the Most Lucrative Segment
The market is segmented by type into electric patrol robots, fire-fighting robots, EOD robots, and other types. Electric patrol robots are expected to be the most lucrative type during the forecast period, due to their ability to navigate autonomously in their environment. Fire-fighting robots are expected to witness significant growth due to their ability to help combat fires in hazardous environments while keeping firemen out of harm’s way. EOD robots, on the other hand, are increasingly being used for explosive detection and disposal of IEDs, which is expected to drive the market further.
The Most Popular Application Segment is Commercial
The Global Specialized Robot Market is divided into two categories based on application: commercial use and military use. Due to the growing use of robots in industries including healthcare, manufacturing, agriculture, etc., commercial applications are predicted to represent the largest market. Due to their capacity to assist in lowering the danger of battlefield casualties, military applications of specialist robots, such as EOD robots for hazardous tasks, are also anticipated to increase during the projection period.
North American region to render Adequate Financing Avenues
Due to the rising demand for specialised robots from military and commercial applications, North America is anticipated to lead the global market for specialised robots during the forecast period. Major North American contributors to this market are the US, Canada, and Mexico. During the projected period, Europe is anticipated to be the second-largest market for specialist robots. The market in Europe is anticipated to be driven by the rising demand from nations like France, Germany, the UK, Italy, and Spain. Due to rising robotics investments from nations like China, Japan, South Korea, India, and Australia, the Asia Pacific specialised robot market is anticipated to expand at a sizable CAGR over the forecast period.
COVID-19 Impact and Market Status
The outbreak of the COVID-19 pandemic has significantly impacted the Global Specialized Robot Market, as stringent lockdowns and travel restrictions have disrupted production processes in several countries. The sudden outbreak of the COVID-19 pandemic has drastically impacted the global specialized robot market due to disruption in the supply chain of raw materials and components used for robot production. However, increasing demand for robots for applications such as medical care and contactless delivery services is expected to drive market growth during the forecast period 2021-2031. This growth is attributed to several factors such as an increase in demand from government and private organizations, technological advancements, and cost-reduction initiatives by vendors.
Latest Innovations in the Global Specialized Robot Market: A Snapshot
• Aethon announced the debut of their brand-new TUG unmanned system for medical delivery applications in April 2020. Advanced tracking, communication, and navigational capabilities are provided by this system. The business additionally provides AI-enabled tools for automating logistical processes and enhancing operational effectiveness.
• Versius CRS, a new robotic platform created by Intuitive Surgical, was released in June 2020 and aims to shorten operating times, increase accuracy and precision, and serve as an extension of the surgeon's arms.
Specialized Robot Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2032||USD 2.5 billion|
|Growth Rate||CAGR of 13.5% during 2021-2031|
|Segment Covered||by Type, by Deployment, By Application, by Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Autonomous Solutions Inc., Clearpath Robotics Inc, iRobot Corporation, FANUC CORPORATION, KUKA AG, YASKAWA ELECTRIC CORPORATION, DENSO CORPORATION, and AIST. Other prominent players in the global specialized robot market include ABB Ltd., STAUBLI International AG, DOBOT, Kollmorgen (A Danaher Motion Company), Omron Corporation, and SMP Robotics.|
Key Segments of the Global Specialized Robot Market
By Type Overview, 2021-2031 (USD Billion)
• Electric Patrol Robot,
• Fire Fighting Robot,
• Eod Robot,
By Application Overview, 2021-2031 (USD Billion)
By Regional Overview, 2021-2031 (USD Billion)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and Africa