The North America Commercial Robots Market would witness market growth of 19.2% CAGR during the forecast period (2023-2029).
The increased recognition of the advantages of medical robotics in the healthcare industry has also accelerated the sector's growth. The healthcare sector strongly favors technological advancement. The main drivers of the market's expansion have been the IoT sector and robotics investments. Several basic operations are managed by robots in commercial applications, which emphasizes the importance of robotics. Demand for commercial robotics has increased during the previous ten years.
This is because robotics and artificial intelligence including localization, probabilistic inference, tracking, planning & search, and control are becoming convergent. Due to their advantages, including enemy tracking, use in combat zones for reconnaissance of uncharted areas or structures, force protection, assistance in the search for missing or hurt soldiers, and a real-time view of various missions, UAVs and drones are being adopted by the defense and military sectors. In addition, several cooperation between emerging countries for developing unmanned aerial vehicles is also being seen in the business.
Increased awareness of crop quality and innovative initiatives to bring innovation to the industry are two key trends in the regional market. The Precision Agricultural Connectivity Act was passed in 2018 to address the connectivity requirements of the precision agriculture industry in the US. The regulatory body assembled a task force to conduct research and make suggestions for policy regarding how to increase broadband internet connectivity in croplands. Also, the region has seen a surge in government incentives for employing cutting-edge agricultural technologies and an infrastructure upgrade. As a result of all these factors, the market is growing in the North America region.
The US market dominated the North America Commercial Robots Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $12,329 million by 2029. The Canada market is poised to grow at a CAGR of 21.9% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 20.9% during (2023 - 2029).
Based on Application, the market is segmented into Medical & Healthcare, Defense & Security, Agriculture & Forestry, Marine and Others. Based on Type, the market is segmented into Autonomous Guided Robotics, Medical Robots, Drones, Field Robots and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Commercial Robots Market is Projected to reach USD 56.4 Billion by 2029, at a CAGR of 19.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Google LLC (Alphabet, Inc.), Omron Corporation, Boston Dynamics (Hyundai Motor Company), Northrop Grumman Corporation, iRobot Corporation (Amazon.com, Inc.), Kuka AG (Midea Investment Holding Co., Ltd.), Yaskawa Electric Corporation, Honda Motor Co. Ltd., Accuray Incorporated and AeroVironment, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Medical & Healthcare
- Defense & Security
- Agriculture & Forestry
- Marine
- Others
By Type
- Autonomous Guided Robotics
- Medical Robots
- Drones
- Field Robots
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Google LLC (Alphabet, Inc.)
- Omron Corporation
- Boston Dynamics (Hyundai Motor Company)
- Northrop Grumman Corporation
- iRobot Corporation (Amazon.com, Inc.)
- Kuka AG (Midea Investment Holding Co., Ltd.)
- Yaskawa Electric Corporation
- Honda Motor Co. Ltd.
- Accuray Incorporated
- AeroVironment, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Commercial Robots Market, by Application
1.4.2 North America Commercial Robots Market, by Type
1.4.3 North America Commercial Robots Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2020, Aug – 2023, Mar) Leading Players
Chapter 4. North America Commercial Robots Market by Application
4.1 North America Medical & Healthcare Market by Country
4.2 North America Defense & Security Market by Country
4.3 North America Agriculture & Forestry Market by Country
4.4 North America Marine Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Commercial Robots Market by Type
5.1 North America Autonomous Guided Robotics Market by Country
5.2 North America Medical Robots Market by Country
5.3 North America Drones Market by Country
5.4 North America Field Robots Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Commercial Robots Market by Country
6.1 US Commercial Robots Market
6.1.1 US Commercial Robots Market by Application
6.1.2 US Commercial Robots Market by Type
6.2 Canada Commercial Robots Market
6.2.1 Canada Commercial Robots Market by Application
6.2.2 Canada Commercial Robots Market by Type
6.3 Mexico Commercial Robots Market
6.3.1 Mexico Commercial Robots Market by Application
6.3.2 Mexico Commercial Robots Market by Type
6.4 Rest of North America Commercial Robots Market
6.4.1 Rest of North America Commercial Robots Market by Application
6.4.2 Rest of North America Commercial Robots Market by Type
Chapter 7. Company Profiles
7.1 Google LLC (Alphabet, Inc.)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Omron Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 Boston Dynamics (Hyundai Motor Company)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.4 Northrop Grumman Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research and Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Acquisition and Mergers:
7.5 iRobot Corporation (Amazon.com, Inc.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Kuka AG (Midea Investment Holding Co., Ltd.)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.5.2 Product Launches and Product Expansions:
7.7 Yaskawa Electric Corporation
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Recent strategies and developments:
7.7.4.1 Product Launches and Product Expansions:
7.8 Honda Motor Co. Ltd.
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.9 Accuray Incorporated
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 Recent strategies and developments:
7.9.5.1 Product Launches and Product Expansions:
7.10. AeroVironment, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expenses
7.10.5 Recent strategies and developments:
7.10.5.1 Product Launches and Product Expansions:
7.10.5.2 Acquisition and Mergers:
TABLE 1 North America Commercial Robots Market, 2019 - 2022, USD Million
TABLE 2 North America Commercial Robots Market, 2023 - 2029, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Commercial Robots Market
TABLE 4 Product Launches And Product Expansions– Commercial Robots Market
TABLE 5 Acquisition and Mergers– Commercial Robots Market
TABLE 6 North America Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 7 North America Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 8 North America Medical & Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Medical & Healthcare Market by Country, 2023 - 2029, USD Million
TABLE 10 North America Defense & Security Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Defense & Security Market by Country, 2023 - 2029, USD Million
TABLE 12 North America Agriculture & Forestry Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Agriculture & Forestry Market by Country, 2023 - 2029, USD Million
TABLE 14 North America Marine Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Marine Market by Country, 2023 - 2029, USD Million
TABLE 16 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 18 North America Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 19 North America Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 20 North America Autonomous Guided Robotics Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Autonomous Guided Robotics Market by Country, 2023 - 2029, USD Million
TABLE 22 North America Medical Robots Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Medical Robots Market by Country, 2023 - 2029, USD Million
TABLE 24 North America Drones Market by Country, 2019 - 2022, USD Million
TABLE 25 North America Drones Market by Country, 2023 - 2029, USD Million
TABLE 26 North America Field Robots Market by Country, 2019 - 2022, USD Million
TABLE 27 North America Field Robots Market by Country, 2023 - 2029, USD Million
TABLE 28 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 29 North America Others Market by Country, 2023 - 2029, USD Million
TABLE 30 North America Commercial Robots Market by Country, 2019 - 2022, USD Million
TABLE 31 North America Commercial Robots Market by Country, 2023 - 2029, USD Million
TABLE 32 US Commercial Robots Market, 2019 - 2022, USD Million
TABLE 33 US Commercial Robots Market, 2023 - 2029, USD Million
TABLE 34 US Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 35 US Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 36 US Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 37 US Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 38 Canada Commercial Robots Market, 2019 - 2022, USD Million
TABLE 39 Canada Commercial Robots Market, 2023 - 2029, USD Million
TABLE 40 Canada Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 41 Canada Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 42 Canada Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 43 Canada Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 44 Mexico Commercial Robots Market, 2019 - 2022, USD Million
TABLE 45 Mexico Commercial Robots Market, 2023 - 2029, USD Million
TABLE 46 Mexico Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 47 Mexico Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 48 Mexico Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 49 Mexico Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 50 Rest of North America Commercial Robots Market, 2019 - 2022, USD Million
TABLE 51 Rest of North America Commercial Robots Market, 2023 - 2029, USD Million
TABLE 52 Rest of North America Commercial Robots Market by Application, 2019 - 2022, USD Million
TABLE 53 Rest of North America Commercial Robots Market by Application, 2023 - 2029, USD Million
TABLE 54 Rest of North America Commercial Robots Market by Type, 2019 - 2022, USD Million
TABLE 55 Rest of North America Commercial Robots Market by Type, 2023 - 2029, USD Million
TABLE 56 Key Information – Google LLC
TABLE 57 Key Information – Omron Corporation
TABLE 58 key Information – Boston Dynamics
TABLE 59 Key Information – Northrop Grumman Corporation
TABLE 60 Key Information – iRobot Corporation
TABLE 61 Key Information – Kuka AG
TABLE 62 Key Information – Yaskawa Electric Corporation
TABLE 63 key Information – Honda Motor Co. Ltd.
TABLE 64 Key Information – Accuray Incorporated
TABLE 65 Key Information – AeroVironment, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2020, Aug – 2023, Mar) Leading Players
FIG 5 SWOT Analysis: Alphabet Inc. (Google LLC)
FIG 6 SWOT Analysis: Omron Corporation
FIG 7 Recent strategies and developments: Boston Dynamics
FIG 8 Recent strategies and developments: Kuka AG
FIG 9 Recent strategies and developments: AeroVironment, Inc.