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Robotics Industry Report 2024: Market Data & New Technologies

Robotics Industry Report 2024: Market Data & New Technologies

The robotics industry sees the emergence of new AI and automation solutions. Innovations in robotic technologies enhance manufacturing, healthcare, and numerous other sectors. This report analyzes key market data, emerging tech trends, and opportunities for businesses worldwide.
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This robotics industry report explores an industry driven by investments and innovation, as well as advancements in AI, machine learning, and automation technologies. Emerging trends in autonomous mobile robots, collaborative robotics, and reinforcement learning assist sectors from manufacturing to healthcare. You will explore how companies integrate robotics into their operations to improve efficiency, precision, and productivity. This report explores the key developments, major players, and prospects for the industry.

Also, this robotics report serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.

StartUs Insights Robotics Report 2024

Robotics Industry Report 2024 | StartUs Insights
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Executive Summary: Robotics Industry Outlook 2024

This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 7670+ robotics startups developing innovative solutions to present five examples from emerging robotics industry trends.

  • Industry Growth Overview: The robotics industry experiences growth with over 90030 companies. The annual industry growth rate stands at 5.96%.
  • Manpower & Employment Growth: The global workforce in the robotics industry lies at 6 million individuals. The industry added more than 399K new jobs in the past year.
  • Patents & Grants: The industry showcases over 269K patents and more than 11K grants to reflect continuous technological advancement.
  • Global Footprint: Major hubs for the robotics industry include the USA, India, the UK, Germany, and France. Leading city hubs with high startup activity include London, New York City, Bangalore, Singapore, and Tokyo. 
  • Investment Landscape: The average investment value is USD 25 million per funding round. The sector attracted over 4500 investors and closed 20K+ funding rounds.
  • Top Investors: Top investors in this sector include Tiger Global, Insight Partners, and BPI France. The combined investment of the top investors amounts to USD 2 billion.
  • Startup Ecosystem: Five startup features include Maqana (robotic gripper), Seedorina (robotic sowing), IMRobonix (thumb-controlled surgical device), Autogeared (robot joint technology), and Kyber Labs (artificial muscle fiber actuator technology).
  • Recommendations for Stakeholders: For long-term benefits in this sector, investors should prioritize funding startups specializing in AI-integrated robotic systems and biomimetic technologies. Developing niche solutions in areas like precision agriculture or surgical devices will be lucrative for entrepreneurs. Governments should establish dedicated robotics research centers and provide tax incentives for companies developing advanced robotics and automation technologies.

Explore the Data-driven Robotics Industry Report for 2024

The Report on Industrial Robotics 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. The robotics industry experiences growth with about 90030 companies and 7679 startups operating within it. The past year saw an industry growth rate of 5.96%, underpinned by innovation and development. More than 269K technologies filed for patents. Additionally, the industry received 11K+ grants, further supporting research and development activities.

The global manpower within this industry stands at 6 million individuals, with employee growth reaching over 399K in the last year alone. This growth is distributed across major hubs worldwide, with the top five country hubs being the USA, India, the UK, Germany, and France. On a city level, the leading hubs include London, New York City, Bangalore, Singapore, and Tokyo. These hubs serve as critical centers of startup activity, driving innovation, employment, and overall industry progress.

What data is used to create this robotics market report?

Based on the data provided by our Discovery Platform, we observe that the robotics industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.

  • News Coverage & Publications: About 78430 news articles were published about the robotics industry in the last year alone.
  • Funding Rounds: The robotics sector closed 20K+ funding rounds to demonstrate financial backing and investor interest.
  • Manpower: It employs more than 6 million workers worldwide. Last year, the industry added more than 399K new employees.
  • Patents: The database covers data on over 269K patents.
  • Grants: The industry has been awarded more than 11K grants to advance R&D.
  • Yearly Global Search Growth: Yearly global search growth for the robotics industry increased by 1.95%.
  • and more. Contact us to explore all data points used to create this robotics outlook.

A Snapshot of the Global Robotics Industry

The industry employs a global workforce of 6 million individuals. Last year, the sector saw employee growth and added approximately 399K new jobs. This expansion highlights the increasing demand for skilled professionals in robotics. Moreover, the industry includes over 90030 companies that contribute to its development. These companies range from startups to established firms, all playing an important role in driving innovation and technological advancement.

Explore the Funding Landscape of the Robotics Industry

Investment in the robotics industry remains strong, with an average investment value of USD 25 million per round. The sector attracted over 4500 investors and indicated interest in the potential of robotics. The industry closed more than 20K funding rounds, demonstrating its appeal to investors and capacity for growth and innovation.

More than 6300 companies received investments to showcase the distribution of financial support across the industry. This widespread investment underscores the industry’s diversity and the opportunities for growth and development within the sector.

Who is Investing in Robotics Solutions?

The robotics industry attracted investment from leading venture capitalists and financial institutions, with a combined value of more than USD 2 billion invested by the top investors. This financial backing underscores the industry’s potential and the confidence that investors have in its growth and innovation capabilities.

The Autonomous Mobile Robot (AMR) trend is experiencing growth with 566 companies currently identified. These companies collectively employ 54400 individuals, with 4800 new employees added in the last year. This area’s annual trend growth rate stands at 37.2%. 

Reinforcement Learning (RL) encompasses about 529 companies, specializing in this advanced area of machine learning. These companies employ a total of 25K individuals and added 3600 new employees in the past year. The trend’s annual trend growth rate stands at 45.14% and reflects its expansion and the increasing interest in leveraging RL for robotics applications. 

Collaborative Robotics or Cobots trend is used by 1787 companies in our database. These companies employ over 87900 individuals and saw an addition of 6100 new employees last year. The annual trend growth rate for this segment is 37.63%.

5 Top Examples from 7670+ Innovative Robotics Startups

The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Get in touch to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.

Maqana develops Robotic Gripper

Portuguese startup Maqana develops a robotic gripper to handle ultra-delicate products. The startup’s platform, PoleAttraction, utilizes electro-adhesive technology applied to robot gripping for increasing effectiveness in various scenarios. Its PVE10 robotic gripper features advanced sensing that keeps the robot working, while constantly monitoring and adapting to surroundings. Its internal software saves time and reduces commissioning and troubleshooting costs. With connectivity capabilities, the gripper communicates at any time to enhance operational efficiency. 

Seedorina offers a Robotic Sowing Solution

Uruguay-based startup Seedorina offers robotic sowing technology for the agriculture sector. The startup’s programmable Seedorina system configures specific sowing parameters. It utilizes IoT and robotics to provide real-time productivity reports, and alerts, controlling production statistics for enhancing operational efficiency. Moreover, the system’s versatility accommodates any seed type, integrates with existing production systems, and operates remotely via an app. This solution saves seeds, fertilizer, and water while improving germination rates and plant health.

IMRobonix builds Thumb-Controlled Surgical Device

Indian startup IMRobonix offers Surgi-kot, a robotic medical device for minimally invasive surgery. This handheld device features joystick control and high precision to enable complex surgical maneuvers with ease. The device minimizes human hand involvement and ensures greater accuracy while reducing fatigue during procedures. Surgi-kot‘s technology includes an articulating end gripper with advanced laparoscopic instruments for versatile surgical applications. CHERI-BOT, another product, uses AI vision to replicate human hand functions with high grasping power. This robotic upper limb, with touchpad control, offers agility up to 10 kgs and real-time health monitoring. These solutions provide enhanced precision, efficiency, and adaptability in surgical procedures.

Autogeared makes Robot Joint Technology

South Korean startup Autogeared creates robot joint technology while integrating motors, sensors, brakes, and reducers into one compact unit. The startup’s Pancake Actuator features a center rotation mechanism and provides large torque in limited spaces to make robots slimmer. Additionally, its traction drive technology replaces gear-type reducers and delivers speed and accuracy. This solution finds applications in constant-speed, low-vibration, and high-precision systems. 

Kyber Labs provides Artificial Muscle Fiber Actuator Technology

US-based startup Kyber Labs develops a robotic manipulation platform for AI-based controls. The startup’s artificial muscle fiber actuators mimic human muscles and enable fluid and dexterous movements. These fibers paired with neural network-based controls allow for natural interactions with the environment. The platform, built for machine learning controls, performs complex tasks in unstructured environments with minimal setup and learns by demonstration.

Gain Comprehensive Insights into Robotics Trends, Startups, or Technologies

The robotics industry is expanding with new technologies that achieve productive automation and intelligent systems. The potential for robotics to impact numerous sectors remains immense. This report underscores the importance of continued investment and R&D to maintain the industry’s current momentum. Reach out to us to explore all 7670+ startups and scaleups, as well as all industry trends impacting robotics companies.

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