Global Internet of Robotic Things Market Size, Share, Growth Report 2032

Market Research Store has published a report on the global internet of robotic things market, estimating its value at USD 33.60 Billion in 2024, with projections indicating it will reach USD 202.57 Billion by the end of 2032. The market is expected to expand at a compound annual growth rate (CAGR) of around 25.18% over the forecast period. The report examines the factors driving market growth, the obstacles that could hinder this expansion, and the opportunities that may emerge in the internet of robotic things industry. Additionally, it offers a detailed analysis of how these elements will affect demand dynamics and market performance throughout the forecast period.

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Internet of Robotic Things Market: Overview

The growth of the internet of robotic things market is fueled by rising global demand across various industries and applications. The report highlights lucrative opportunities, analyzing cost structures, key segments, emerging trends, regional dynamics, and advancements by leading players to provide comprehensive market insights. The internet of robotic things market report offers a detailed industry analysis from 2024 to 2032, combining quantitative and qualitative insights. It examines key factors such as pricing, market penetration, GDP impact, industry dynamics, major players, consumer behavior, and socio-economic conditions. Structured into multiple sections, the report provides a comprehensive perspective on the market from all angles.

Key sections of the internet of robotic things market report include market segments, outlook, competitive landscape, and company profiles. Market Segments offer in-depth details based on Component, Technology, Application, Industry, and other relevant classifications to support strategic marketing initiatives. Market Outlook thoroughly analyzes market trends, growth drivers, restraints, opportunities, challenges, Porter’s Five Forces framework, macroeconomic factors, value chain analysis, and pricing trends shaping the market now and in the future. The Competitive Landscape and Company Profiles section highlights major players, their strategies, and market positioning to guide investment and business decisions. The report also identifies innovation trends, new business opportunities, and investment prospects for the forecast period.

Key Highlights:

• As per the analysis shared by our research analyst, the global internet of robotic things market is estimated to grow annually at a CAGR of around 25.18% over the forecast period (2024-2032).
• In terms of revenue, the global internet of robotic things market size was valued at around USD 33.60 Billion in 2024 and is projected to reach USD 202.57 Billion by 2032.
• The market is projected to grow at a significant rate due to Growing integration of robotics and IoT in smart manufacturing and logistics boosts market growth.
• Based on the Component, the Hardware segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• On the basis of Technology, the Wi-Fi segment is anticipated to command the largest market share.
• In terms of Application, the Industrial Robotics segment is projected to lead the global market.
• By Industry, the Manufacturing segment is predicted to dominate the global market.
• Based on region, North America is projected to dominate the global market during the forecast period.

Internet of Robotic Things Market: Report Scope

This report thoroughly analyzes the internet of robotic things market, exploring its historical trends, current state, and future projections. The market estimates presented result from a robust research methodology, incorporating primary research, secondary sources, and expert opinions. These estimates are influenced by the prevailing market dynamics as well as key economic, social, and political factors. Furthermore, the report considers the impact of regulations, government expenditures, and advancements in research and development on the market. Both positive and negative shifts are evaluated to ensure a comprehensive and accurate market outlook.

Internet of Robotic Things Market: Dynamics

Key Growth Drivers

The Internet of Robotic Things (IoRT) market is experiencing robust growth driven primarily by the accelerated adoption of automation and Industry 4.0 initiatives across manufacturing, logistics, and supply chain sectors. The integration of connected robots enhances operational efficiency, improves productivity, and reduces labor costs. The increasing demand for real-time data collection, analysis, and intelligent decision-making at the edge is a major catalyst, as IoRT systems enable robots to sense their environment, process information locally, and act autonomously while communicating with broader IoT platforms. The advancements in artificial intelligence (AI) and machine learning (ML) are significantly enhancing robotic capabilities, enabling them to learn, adapt, and perform complex tasks with greater precision and autonomy, thereby expanding their applicability. Furthermore, the rising demand for remote monitoring and control in hazardous or inaccessible environments drives the adoption of IoRT solutions in areas like infrastructure inspection, defense, and disaster management. In India, the 'Make in India' push for manufacturing, the growth of e-commerce logistics, and increasing automation in industries are significant drivers.

Restraints

Despite the compelling growth drivers, the Internet of Robotic Things market faces several significant restraints. High initial capital investment required for acquiring advanced robots, integrating complex IoT sensors, and developing sophisticated AI-driven software can be a major barrier for many organizations, particularly small and medium-sized enterprises (SMEs) with limited budgets. Concerns over data security and privacy are paramount, as IoRT systems collect vast amounts of sensitive operational and environmental data, making them vulnerable to cyber threats and necessitating robust security protocols. The complexity of integrating diverse robotic platforms, IoT devices, and IT infrastructure from multiple vendors often leads to interoperability challenges, data silos, and prolonged deployment cycles, hindering seamless communication and collaboration within the IoRT ecosystem. Additionally, ethical considerations and societal concerns regarding job displacement due to increasing automation can lead to resistance from the workforce and regulatory scrutiny.

Opportunities

The Internet of Robotic Things market presents numerous opportunities for innovation and expansion. The development of collaborative robots (cobots) that can safely work alongside humans, leveraging IoRT capabilities for shared awareness and adaptive tasks, offers significant potential for enhancing human-robot collaboration in various industrial and service settings. The expansion into new service sectors beyond manufacturing, such as smart healthcare (e.g., robotic surgery assistants, automated delivery of supplies), retail (e.g., inventory management robots, customer service bots), and hospitality, creates significant untapped market potential for IoRT applications. The growing focus on edge AI and 5G integration with IoRT systems will enable ultra-low latency processing and real-time communication, unlocking applications like autonomous vehicles, drone delivery networks, and smart city infrastructure management. In India, the rapid growth of the logistics and warehousing sector, the increasing demand for automation in manufacturing (e.g., automotive, electronics), the government's push for "Digital India" and "Smart Cities," and the rising adoption of robotics in healthcare are creating substantial opportunities for IoRT solutions, particularly those offering cost-effective automation, enhanced efficiency, and improved safety.

Challenges

The Internet of Robotic Things market faces critical challenges related to ensuring the reliability, robustness, and fault tolerance of interconnected robotic systems, as a failure in one component or communication link can impact the entire operation, especially in mission-critical applications. Addressing the technical complexities of managing and processing the massive volumes of heterogeneous data generated by IoRT devices in real-time requires robust big data analytics platforms, scalable cloud infrastructure, and efficient edge computing capabilities. Overcoming the scarcity of skilled professionals proficient in robotics, AI, IoT, and cybersecurity is a persistent hurdle, as specialized expertise is needed for designing, deploying, and maintaining complex IoRT systems. Lastly, the lack of universal standards and interoperability protocols across different robotic platforms, IoT devices, and communication technologies can hinder seamless integration and limit the scalability of IoRT solutions, making it challenging for broad adoption.

Internet of Robotic Things Market: Segmentation Insights

The global internet of robotic things market is segmented based on Component, Technology, Application, Industry, and Region. All the segments of the internet of robotic things market have been analyzed based on present & future trends and the market is estimated from 2024 to 2032.

Based on Component, the global internet of robotic things market is divided into Hardware, Software, Services.

On the basis of Technology, the global internet of robotic things market is bifurcated into Wi-Fi, Bluetooth, ZigBee, Cellular.

In terms of Application, the global internet of robotic things market is categorized into Industrial Robotics, Service Robotics, Collaborative Robotics.

Based on Industry, the global internet of robotic things market is split into Manufacturing, Healthcare, Automotive, Logistics, Agriculture.

Internet of Robotic Things Market: Regional Insights

The Asia-Pacific (APAC) region dominates the global Internet of Robotic Things (IoRT) market, holding the largest market share due to rapid industrial automation, government-led smart manufacturing initiatives, and a thriving robotics ecosystem. China leads the region, contributing over 50% of APAC’s IoRT revenue, driven by its "Made in China 2025" strategy, which prioritizes AI-powered collaborative robots (cobots) and 5G-enabled robotic fleets in logistics and electronics assembly. According to 2024 market reports, APAC accounted for ~45% of global IoRT revenue, with 30% YoY growth fueled by Japan’s aging workforce solutions and India’s warehouse automation boom. North America follows, led by the U.S. in surgical robots and autonomous drones, while Europe excels in Industry 4.0-compliant IoRT for automotive. APAC’s dominance stems from its 70% share of industrial robot installations, $20B+ annual robotics R&D spend, and 80% adoption of cloud-based robot orchestration platforms. The region is advancing swarm robotics for smart agriculture and disaster response.

Internet of Robotic Things Market: Competitive Landscape

The internet of robotic things market report offers a thorough analysis of both established and emerging players within the market. It includes a detailed list of key companies, categorized based on the types of products they offer and other relevant factors. The report also highlights the market entry year for each player, providing further context for the research analysis.

The "Global Internet of Robotic Things Market" study offers valuable insights, focusing on the global market landscape, with an emphasis on major industry players such as;

• ABB Ltd.
• FANUC Corporation
• KUKA AG
• Yaskawa Electric Corporation
• Intel Corporation
• Cisco Systems Inc.
• IBM Corporation
• Rockwell Automation
• Amazon Web Services (AWS)
• Microsoft Corporation

The Global Internet of Robotic Things Market is Segmented as Follows:

By Component

• Hardware
• Software
• Services

By Technology

• Wi-Fi
• Bluetooth
• ZigBee
• Cellular

By Application

• Industrial Robotics
• Service Robotics
• Collaborative Robotics

By Industry

• Manufacturing
• Healthcare
• Automotive
• Logistics
• Agriculture

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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