The micro robots market size was projected to be worth USD 27 billion in 2022. By the end of 2023, the market is likely to reach a valuation of USD 31.73 billion. The global market for micro robots is likely to garner a 17.5% CAGR and reach a market worth USD 159.17 billion by 2033.
Key Market Trends and Highlights
| Attributes | Key insights |
|---|---|
| Estimated Market Value in 2022 | USD 27 billion |
| Expected Market Value in 2023 | USD 31.73 billion |
| Expected Market Value in 2033 | USD 159.17 billion |
| Value-based CAGR from 2023 to 2033 | 17.5% |
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During the historical period, 2018 to 2022, the global market for micro robots grew at a CAGR of 10.2%. The transition from 2018 to 2022 to the projected period of 2023 to 2033 saw substantial changes in the micro robots market. The market had moderate growth from 2018 to 2022 because of its introduction into the medical arena.
| Report Attributes | Details |
|---|---|
| Market value in 2018 | USD 18.31 billion |
| Market value in 2022 | USD 27 billion |
| CAGR from 2018 to 2022 | 10.2% |
Significant advances in miniaturized technologies, which include micro-electromechanical systems (MEMS) as well as nanotechnology, boomed during the historical period. These advancements allowed for the development of more compact and capable micro-robot components, such as power sources, actuators, and sensors. Micro-robots, as a result, stated to become more useful and efficient in a variety of applications.
Micro robots are in high demand within medical and healthcare sectors for minimally invasive procedures, targeted medicine delivery, and diagnostics. Micro robots provide precise control as well as access to remote or fragile parts of the body, decreasing invasiveness and enhancing patient outcomes. This spike in demand across the healthcare sector aided the expansion of the micro robot market tremendously.
Below mentioned is the table of top five countries that are anticipated to gain a prominent growth rate during the forecast period. Among these countries, the maximum growth is expected from the United States and China. The majority of the global market share was acquired by these two countries in 2022.
Forecast CAGRs from 2023 to 2033
| Countries | CAGR |
|---|---|
| The United States | 19.1% |
| China | 17.3% |
| Japan | 15.8% |
| France | 12.72% |
| The United Kingdom | 11.8% |
The micro robots market in the United States is expected to expand at a CAGR of 19.1% through 2033.
One of the most attractive markets in the North American region is the United States, which is anticipated to have immense growth over the next years. The primary factors driving the market's growth in the upcoming years are the rise in defense spending as well as initiatives for military modernization.
In the modern era, warfare has undergone a significant transformation, and technology is essential in assisting defense forces in adjusting to shifting battlefield conditions. The rise of military micro robots has seen numerous significant advances as a result of automation and sensing system breakthroughs in technology. The United States Army is currently concentrating on removing bottlenecks through boosting autonomy on the battlefield. This has resulted in an increased need for these robots within the country.
China has long been a pioneer in the domain of robotics. During the forecast period, China is anticipated to grow with a 17.3% CAGR.
Healthcare is a major end-user of these micro robots in the region. Chinese researchers have created a swimming microrobot featuring claws as well as a coat that resembles the membrane of red blood cells, greatly boosting the effectiveness of targeted medication delivery in blood arteries.
Swimming microrobots provide interesting potential for delivering medications to hard-to-reach bodily tissues. It helps overcome anomalies such as high blood flow and a restricted capacity to attach to target areas in blood arteries.
These results add to the field of knowledge in precision medicine, such as the treatment of malignant tumors by greatly boosting the efficacy of targeted drug delivery. This in turn will bolster the growth of the global market demand for micro robots during the forecast period.
The micro robots market in Japan will experience a 15.8% CAGR all throughout the forecast years. The presence of various companies such as Kawasaki, Yaskawa, Fanuc, Daifuku and SMC is a strong propelling reason for the growth.
Japan has been at the forefront in the development of medical micro-robots. Researchers and businesses in the region have continued to develop novel micro robots for medical applications like minimally invasive surgery, targeted medicine administration, as well as blood vessel exploration.
Japan has achieved tremendous advances in nanotechnology, which has an immediate influence on the creation of micro-robots. Researchers have investigated nanoscale materials and architectures in order to develop more sophisticated and precise micro-robots.
The micro robots market in France is anticipated to expand at a CAGR of 12.72% through 2033.
France has expressed interest in deploying micro-robots towards precision agriculture due to its substantial agricultural industry. These robots are intended to improve farming techniques, minimize resource use, and boost crop yields.
France has been a driving force in the creation of collaborative micro robots, often known as cobots, which can work with people in a variety of sectors. These cobots are intended to increase industrial and logistical safety and efficiency.
The United Kingdom is expected to forecast a growth of 11.8% from 2023 to 2033. The employment of micro-robots in potentially hazardous environments, such as offshore oil rig service and nuclear decommissioning has gained special attention in the United Kingdom. These robots are meant to do risky duties for people.
The United Kingdom has contributed to the creation of micro-robots utilized in various autonomous vehicles as well as drones. These robots are utilized in applications such as self-driving, mapping, and surveillance.
Swarm robotics, which includes the coordination of a large number of micro-robots to complete tasks collectively, are being investigated by the United Kingdom research institutes. Agriculture, environmental monitoring and search and rescue are all possible uses of these robots.
The below table highlights how the semi-autonomous segment is projected to lead the global market in terms of mode, growing at 21.7% CAGR through 2033.
The bio-hybrid segment of material type is likely to accelerate sales, and is anticipated to witness a CAGR of 17.0% through 2033.
| Category | CAGR from 2023 to 2033 |
|---|---|
| Semi-autonomous | 21.7% |
| Bio-hybrid | 17% |
Based on mode, the semi-autonomous segment is expected to continue leading the micro robots market with a CAGR of 21.7% from 2023 to 2033. This is owing to their excellent adaptability to a variety of situations and places; they are adaptable and frequently employed.
Semi-autonomous micro-robots are capable of great accuracy and precision. They may carry out operations requiring delicate motions or tiny manipulation, like medical treatments or the assembly of small electronic components. Their accuracy can lead to higher quality goods and improved healthcare treatments.
In industrial contexts, these micro-robots may operate together with human operators or independently, contributing to enhanced efficiency and production. They can carry out repetitive and time-consuming operations without becoming tired, allowing human workers to concentrate on more complicated and strategic duties. This can result in cost savings and increased output rates in both manufacturing and transportation.
Based on material type, the bio-hybrid segment is expected to continue gaining traction in the global micro robots market with a CAGR of 17.0% from 2023 to 2033.
This is owing to the increasing usage of bio-hybrid materials in a variety of end-use sectors such as manufacturing, automotive, and healthcare. Bio-hybrid materials could profit from onboard actuation, control, sensing, and execution of a wide range of medical operations, including targeted medication delivery, single-cell manipulation, as well as cell microsurgery.
A lot of these kind of micro robots are biodegradable, which is beneficial for multiple medical applications. These micro-robots are able to breakdown within the human body after performing their functions, thereby decreasing the danger of long-term foreign body responses and the necessity for surgical removal.
The micro robots market is slightly fragmented due to the presence of various key players and numerous new companies entering the domain. These companies are integrating various innovative technologies in their robots to gain a competitive edge in the global market for micro robots.
It is anticipated that various manufacturers' investments in the creation of sophisticated microrobots for use in an assortment of military applications will provide them a competitive advantage over their rivals. Businesses are also using smart joint ventures to boost market share as well as profitability. Not only the companies, but few governments are also indulging themselves in intense research and developments to create the best of these robots.
Some prominent developments by key companies in this domain are:
| Attribute | Details |
|---|---|
| Projected market value in 2023 | USD 31.73 billion |
| Projected market value in 2033 | USD 159.17 billion |
| Forecast CAGR from 2023 to 2033 | 17.5% |
| Forecast period | 2023 to 2033 |
| Historical period | 2018 to 2022 |
| Market analysis | Value in USD billion |
| Key regions covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key countries profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key market segments | Mode, Material, End-user, Region |
| Key companies profiled | Titan Medical; Medtronic; Stryker Corporation; Zimmer Biomet; Auris Health; Mazor Robotics; Intuitive Surgical; Smith & Nephew; Medrobotics |
The micro robots market is expected to reach USD 31.73 billion in 2023.
The global micro robots market is set to expand by a CAGR of 17.5% by 2033.
The micro robots industry is forecast to reach USD 159.17 billion by 2033.
The United States is likely to be the top performing market, and to expand at a CAGR of 19.1% through 2033.
Semi-autonomous is preferred, which expected to rise at a 21.7% CAGR through 2033.
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Micro Robots Market
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