INDUSTRIES

&

MARKETSServicerobotsworldwideCHAPTER

01OverviewRevenueofroboticsmarketworldwidefrom2016to2028,bycategory(inbillionU.S.dollars)Globalroboticsrevenue2016-2028,bycategoryIndustrialroboticsServicerobotics5045403530252034.6933.2631.8730.4528.9328.4922.925.7317.3919.5815.113.8312.591510510.1320169.869.5610.49.649.9210.17202710.4120289.028.889.318.118.33020172018201920202021202220232024202520263Description:In2023,theroboticsmarketgeneratedover37billionU.S.dollarsinrevenueworldwide,withserviceroboticsaccountingforthemajorityofrevenuethatyear,withover28billionU.S.dollarsinrevenue.Althoughtheglobalroboticsmarketispredictedtograduallyincreaseoverthenextfewyears,theserviceroboticsrevenueisespeciallyforecasttoincreaseatahigherratethanindustrialroboticsrevenue.

ReadmoreNote(s):Worldwide;August2023Source(s):Revenueofcommercialserviceroboticsworldwidefrom2016to2028,byregion(inbillionU.S.dollars)Globalcommercialserviceroboticsrevenue2016-2028,byregionAfricaAsiaAustraliaandOceaniaEuropeNorthAmericaSouthAmericaandtheCaribbean9.08.07.06.05.04.03.02.01.00.020162017201820192020202120222023202420252026202720284Description:In2023,thecommercialserviceroboticsmarketinEuropegeneratedaround6.82billionU.S.dollarsinrevenue,makingittheleadingregionintheglobalcommercialserviceroboticsmarketbyrevenue.Inthesameyear,NorthAmericaalsoreportedover5.78billionU.S.dollarsincommercialserviceroboticsrevenue.ReadmoreNote(s):Worldwide;August2023Source(s):Volumeofcommercialserviceroboticsworldwidefrom2016to2028,byregion(inthousands)Globalcommercialserviceroboticsvolume2016-2028,byregionAfricaAsiaEuropeNorthAmericaSouthAmericaAustraliaandOceania/Carribean1,6001,4001,2001,000800600400200020162017201820192020202120222023202420252026202720285Description:In2023,therewerearound1.3millionunitsofcommercialserviceroboticsinAsia,makingittheregionwiththehighestvolumeofroboticsglobally.Europehadthesecondhighestvolumeofcommercialserviceroboticsgloballywitharound220thousandunits,followedbyNorthAmericawitharound112thousandunits.Incontrast,AustraliaandOceaniaalongwiththeCaribbeanregionhadthelowestvolumeofcommercialserviceroboticsglobally,withonlyaround5.2thousandunits[...]ReadmoreNote(s):Worldwide;August2023Source(s):Visionguidedrobotmarketsizeworldwidein2021to2030(inmillionU.S.dollars)Globalvisionguidedrobotmarketsize2021-203025,00020,00015,00010,0005,000020212022*2023*2024*2025*2026*2027*2028*2029*2030*6Description:Themarketforvisionguidedrobotsisexpectedtoshowstronggrowthinthecomingdecade.AccordingtoNextMoveStrategyConsultingitsvalueofaroundsixbillionU.S.dollarsin2021isexpectedtogrowthrefoldby2030,uptonearlytwentybillionU.S.dollars.Thevisionguidedrobotscontainsalargeselectionofrobotics,withthecommondenominatorthattheyareallguidedbyvisionbasedsystems.Themostprominentoftheseroboticswouldbecommercialdrones.

ReadmoreNote(s):Worldwide;2021;*ForecastReadmoreSource(s):NextMoveStrategyConsultingArtificialintelligence(AI)drivenrobotsmarketsizeworldwidein2021withaforecastuntil2030(inmillionU.S.dollars)GlobalroboticAImarketsize2021-203090,00080,00070,00060,00050,00040,00030,00020,00010,000020212022202320242025202620272028202920307Description:AccordingtoNextMoveStrategyConsultingartificialintelligencerobotsarefoundinnearlyallindustries,fromtheretailsectortothedefensesector.AIrobotsintegrateAIprogramstoallowthemtosimulatehumanintelligenceandperformtasksautonomously.Thedeeplearningprogramsallowthemtotakeonanddealwithissueswhilegoingabouttheirduties.TheseissuesarethencategorizedandfurtherdeepentheAIprogrammingproblem-solvingcapabilities.Thismarketisexpected[...]

ReadmoreNote(s):Worldwide;2021to2030Source(s):NextMoveStrategyConsultingMobilecobotsmarketsizeworldwidein2021to2030(inmillionU.S.dollars)Globalmobilecobotsmarketsize2021-20309,0008,0007,0006,0005,0004,0003,0002,0001,00002021202220232024*2025*2026*2027*2028*2029*2030*8Description:AccordingtotheconsultinggroupNextMoveStrategyConsulting,thecobotmarketisgrowingconsistently.Collaborativerobotsconstituteawideselectionofroboticassistants,beingclassifiedasallthoserobotsthatdonotrequirespecificsafetyareasofoperationandcanoperatefreelyamonghumans.Themobilecobotmarket,aspartofthat,coversallthosecobotsthatcanmoveundertheirownpower.Oneofthebetterexampleswouldbewarehouserobotsthatshipandmovepallets[...]

ReadmoreNote(s):Worldwide;*ForecastReadmoreSource(s):NextMoveStrategyConsultingCHAPTER

02ConsumerrobotsRevenueofconsumerserviceroboticsintheUnitedStatesfrom2016to2028(inbillionU.S.dollars)ConsumerserviceroboticsrevenueintheU.S.2016-20282.72.52.32.522.52.442.392.322.282.162.152.082.11.961.91.811.731.71.51.63201620172018201920202021202220232024202520262027202810Description:In2023,revenuefromconsumerserviceroboticsintheUnitedStatesgeneratedsome2.28billionU.S.dollars.TheU.S.consumerserviceroboticsmarkethasincreasedgraduallysince2016,andwasprojectedtocontinuetoincreasesteadilyovertheupcomingyears.ReadmoreNote(s):UnitedStates;August2023Source(s):RevenueofconsumerserviceroboticsintheEuropeanUnionfrom2016to2028(inbillionU.S.dollars)ConsumerserviceroboticsrevenueintheEU2016-20281.71.61.51.581.481.411.41.41.391.391.341.41.221.31.21.11.00.90.81.060.940.890.83201620172018201920202021202220232024202520262027202811Description:In2023,revenuefromconsumerserviceroboticsintheEuropeanUnionreachednearly1.6billionU.S.dollars.RevenuefromconsumerserviceroboticsintheEUhasincreasedgraduallyoverthepreviousyears,andwasforecasttocontinueincreasingsteadilyovertheupcomingyears.ReadmoreNote(s):EU;August2023Source(s):RevenueofconsumerserviceroboticsinChinafrom2016to2028(inbillionU.S.dollars)ConsumerserviceroboticsrevenueinChina2016-20287.06.05.04.03.06.015.414.914.484.073.713.442.832.32.01.00.01.671.080.850.6201620172018201920202021202220232024202520262027202812Description:In2023,revenuefromconsumerserviceroboticsinChinareachednearly3.7billionU.S.dollars,aconsiderableincreasecomparedtothepreviousyear.Overall,revenuefromconsumerserviceroboticsinChinahasincreasedsignificantlyannuallysince2016.By2028,consumerserviceroboticsChinainisexpectedtogeneratenearly6billionU.Sdollarsinrevenuethatyear.ReadmoreNote(s):China;August2023Source(s):RevenueofconsumerserviceroboticsinIndiafrom2016to2028(inbillionU.S.dollars)ConsumerserviceroboticsrevenueinIndia2016-20280.50.50.40.40.30.30.450.390.350.330.320.310.290.280.250.180.20.20.10.10.00.120.090.06201620172018201920202021202220232024202520262027202813Description:In2023,revenuefromconsumerserviceroboticsinIndiareachedgeneratedaround450millionU.S.dollars,aconsiderableincreasecomparedtothepreviousyear.RevenuefromconsumerserviceroboticsinIndiawasprojectedtoincreasesteadilyoverthecomingyears.ReadmoreNote(s):India;August2023Source(s):CHAPTER

03CommercialrobotsRevenueofcommercialserviceroboticsintheUnitedStatesfrom2016to2028(inbillionU.S.dollars)CommercialserviceroboticsrevenueintheU.S.2016-20287.06.05.04.06.15.845.525.174.774.353.93.453.02.722.412.031.752.01.01.48201620172018201920202021202220232024202520262027202815Description:In2023,revenuefromcommercialserviceroboticsintheUnitedStatesgeneratedsome4.3billionU.S.dollars.TheU.S.commercialserviceroboticsmarkethasincreasedgraduallysince2016,andwasprojectedtocontinuetoincreasesteadilyovertheupcomingyears.By2028,thecommercialserviceroboticsmarketintheU.S.wasprojectedtogenerateover6.1billionU.S.dollarsthatyear.

ReadmoreNote(s):UnitedStates;August2023Source(s):RevenueofcommercialserviceroboticsinEuropefrom2016to2028(inbillionU.S.dollars)CommercialserviceroboticsrevenueinEurope2016-20289.08.07.06.05.08.248.017.727.366.946.395.95.644.874.453.993.754.03.03.54201620172018201920202021202220232024202520262027202816Description:In2023,revenuefromcommercialserviceroboticsinEuropegeneratedoversixbillionU.S.dollars.By2028,thecommercialserviceroboticsmarketinEuropewasforecasttogenerateovereightbillionU.S.dollarsthatyear.

ReadmoreNote(s):Europe;August2023Source(s):RevenueofcommercialserviceroboticsinChinafrom2016to2028(inbillionU.S.dollars)CommercialserviceroboticsrevenueinChina2016-20282.01.81.61.41.21.731.621.521.421.31.181.061.00.860.790.80.80.60.40.20.00.710.650.6201620172018201920202021202220232024202520262027202817Description:In2022,revenuefromcommercialserviceroboticsinChinacrossestheonebillionU.S.dollarmark,withnearly1.1billionU.S.dollarsinrevenuegeneratedthatyear.RevenuefromcommercialserviceroboticsmarketinChinaisprojectedtokeepincreasingannuallyoverthecompingyears.ReadmoreNote(s):China;August2023Source(s):RevenueofcommercialserviceroboticsinIndiafrom2016to2028(inmillionU.S.dollars)CommercialserviceroboticsrevenueinIndia2016-2028125115105112.8111.9110101.710010010094.7495908581.34202077.38201876.68201773.642016756520192021202220232024202520262027202818Description:In2023,revenuefromcommercialserviceroboticsinIndiageneratedaround112millionU.S.dollars.By2028,thecommercialserviceroboticsmarketinIndiawasprojectedtogeneratenearly100millionU.S.dollars.

ReadmoreNote(s):India;August2023Source(s):CHAPTER

04CompaniesNumberofprofessionalservicerobotmanufacturersinleadingcountriesin2023,bycompanytypeProfessionalservicerobotmanufacturersinleadcountries2023,bycompanytypeNumberofprofessionalservicemanufacturersUnknown

Incumbents

Startups1000501502002501UnitedStatesChina20413997GermanyJapan74116755France48SouthKoreaCanada502362SwitzerlandRussia323328262UnitedKingdom120Description:TheUnitedstateshas,byfar,thelargestnumberofprofessionalservicerobotmanufactuerers,dwarfingthecombinednumberofChinaandGermany,thetwonextcompetitors.Alloftheleadingcountrieshaveahealthamountofstartupsfocusingonroboticscomparedtoincumbentandexistingcompanies.ReadmoreNote(s):Worldwide;2023;*StartupsaddedtoUnknownwheresourcedoesnotprovideclearnumber,thoughstartupsalwaysconstitutealargerpartthantheUnknowncompanies.

ReadmoreSource(s):IFR;StanfordUniversityLargestroboticscompaniesgloballyin2023,bymarketcapitalization(inbillionU.S.dollars)Leadingroboticscompaniesworldwidein2023,bymarketcapMarketcapitalizationinbillionU.S.dollars10

1505202530FanucSymbotic27.3523.3KIONGroup5.55ATSAutomationEstunAutomationPROCEPTBioRoboticsMaytronics4.482.761.721.151.070.340.14iRobotBerkshireGreyStereotaxis21Description:TheJapaneseFanucandSymboticfromtheUnitedStatesarebyfarthelargestroboticscompaniesbasedontheirmarketcapitalization,beingat27and23billionU.S.dollarsrespectively.Therestofthelistdropsconsiderablyinmarketcapitalizations,withthefollowingcompaniesneverbeingevaluatedbeyondsixbillionU.S.dollars.ReadmoreNote(s):Worldwide;2023Source(s):CompaniesMarketCFANUC'snetsalesfrom2013to2023(inmillionJapaneseyen)FANUC-netsales2013-2023900800851.96729.76726.59733.017006005004003002001000635.56623.41551.29536.94508.25498.39450.972013201420152016201720182019202020212022202322Description:Inthefiscalyearof2023,theJapaneserobotmakerreportednetsalesofmorethan852billionJapaneseyen.Thisrepresentsanincreaseofabout16percentcomparedwiththepreviousyear,whenFANUCreportednetsalesofjustover733billionJapaneseyet.ReadmoreNote(s):Worldwide;FY2013toFY2023Source(s):FanucABBGroup'srevenueinFY2023,bysegment(inmillionU.S.dollars)ABBGroup'srevenuebysegmentFY2023RevenueinmillionU.S.dollars02,0004,0006,0008,00010,00012,00014,00016,000ElectrificationproductsMotion14,6007,800ProcessautomationRobots&DiscreteAutomation6,3003,60023Description:TheABBGroupgeneratedaround32billionU.S.dollarsinrevenuein2023,aslightdecreasecomparedwiththepreviousyear.Theelectrificationsegmentwasresponsibleforabout40percentofthetotalrevenuein2023.

ReadmoreNote(s):Worldwide;2023Source(s):ABBGroupKUKAGroup'srevenuefromFY2004toFY2022,bydivision(inmillioneuros)KUKAGroup-revenuebydivision2004-2022RoboticsSystems3,0002,5002,0001,5001,00050002004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

202224Description:Inthefiscalyearof2022,theGermany-basedproducerofindustrialrobotsgeneratedroughly3.6billioneurosinrevenue.Thecompany’smostimportantdivisionsintermsofrevenue-RoboticsandSystems-generatedaroundone-point-onebillioneurosandonebillioneurosinthe2022fiscalyear,respectively.ReadmoreNote(s):Worldwide;FY2004toFY2022Source(s):KUKARevenueofYaskawaElectricCorporationinfiscalyear2022,bysegment(inbillionJapaneseyen)Yaskawa'srevenuebysegment2022RevenueinbillionJapaneseyen100

150050200250300MotioncontrolRobotics252.13223.83Systemengineering51.1125Description:Inthefiscalyear2022,Yaskawa'smotioncontrolsegmentgeneratedrevenueofapproximately252.13billionJapaneseyen,representingthecompany'shighestrevenue-earningsegment.1915-foundedandKitakyushu-headquarteredYaskawaElectricCorporationisoneofJapan'sleadingelectricengineeringcorporations,engagingprimarilyinmotioncontrol,robotics,andsystemengineering.ReadmoreNote(s):Japan;fiscalyear2022;thecompany'sfiscalyearsstartonMarch1ofthestatedyearandendonthelastdayofFebruaryofthefollowingyear;revenueofsegment"other"isomittedSource(s):YaskawaHarmanInternationalIndustries,Inc.(SamsungElectronics)quarterlyrevenuefrom2017to2023(inbillionU.S.dollars)RevenueofHarman(Samsung)2017-2023,byquarter3.53.02.52.01.52.983.022.9

2.92.782.62.472.432.362.282.252.262.212.181.00.50.02.012.01

2.01

1.992.041.921.91.861.841.811.81.681.320.47Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4'17

'17

'17

'17

'18

'18

'18

'18

'19

'19

'19

'19

'20

'20

'20

'20

'21

'21

'21

'21

'22

'22

'22

'22

'23

'23

'23

'2326Description:TheglobalrevenueofHarmanamountedtoaround2.9billionU.S.dollarsinthefourthquarterof2023.HarmanisanindependentsubsidiaryofSamsungElectronics,beingacquiredbytheKoreantechgiantin2017.

ReadmoreNote(s):Worldwide;2017to2023Source(s):SamsungSamsungElectronics'revenuefrom1stquarter2011to4thquarter2023,byproduct/businesssegment(inbillionU.S.dollars)QuarterlyrevenueofSamsungElectronics2011-2023,bybusinesssegmentDeviceeXperience(DX)-other