Robotics Market to Hit $480.1B by 2034 at 20.15% CAGR
PUNE – – October 12, 2026 -- The global robotics market will grow from USD 92 billion in 2025 to USD 480.1 billion by 2034, a compound annual growth rate of 20.15% over 2026–2034, according to a new analysis by Maximize Market Research.
The firm attributes the expansion to industrial automation, adoption of AI-powered robots, advances in smart manufacturing and rising demand from automotive, electronics, healthcare and logistics. Demand spans industrial robots, collaborative robots (cobots), autonomous mobile robots (AMRs), automated guided vehicles (AGVs), service robots and humanoid robots. The report covers 154 data tables across 327 pages.