Bergur Thormundsson
Research expert covering technology in the Nordics, AI and smart cities
Robotics market leaders - statistics & facts
The large and vibrant robotics market brings to the fore some of the most advanced and important technological changes in the modern world, and it continues to grow day by day. Automation, increased efficiency, technological cooperation – these are all key traits of the robot evolution. This evolution is powered by the largest robotics companies the world over. These companies, in turn, are almost representative of the innovative and technological prowess of their respective economies.
The largest open economies house the largest robot companies
Japan’s Fanuc has by far the largest market capitalization of robot companies worldwide, amounting to over 27 billion U.S. dollars as of 2024. Coming in second was Symbotic -with a market cap of just over 15 billion U.S. dollars, hailing from the United States. These two combined have a market capitalization nearly four times that of the remaining top ten companies, though Germany’s KION group with its five billion U.S. dollars in market capitalization sits ahead of the rest of the pack. Aside of China, these three companies hail from the largest economies on earth and each known for their industrial capacity.Industrial robotics carry the market
While it is often robots at home or futuristic-looking humanoid robots that grab headlines in newspapers that spring to mind when one thinks of robot development, the truth is humbler. The fact is that most of the development in the robotics field happens behind the scenes with industrial robotics and service robots. These two together are the largest segments of the robot market. All of the major market leaders are heavily involved in one or both types of robot development. Examples include Procept BioRobotics who have grown considerably in the last few years with its focus on medical service robots, while Canada’s ATS automation specializes in factory automation systems.Sudden shifts possible with new technology
The development of robot technologies is such that rapid shifts in market leaders are highly probable. Though the top three companies of Fanuc, Symbotic, and Kion have kept their market lead for years, other companies further down the ranking shift and change as market scenarios and technologies change. It is therefore important to keep an eye out for small up-and-comers that might shift the balance of the market and rapidly develop into important enterprises.
