Spherical Robot Market

Spherical Robot Market Outlook (2023-2033)

The spherical robot market is estimated to reach valuation of US$ 1,647.0 Million in 2023 and will top US$ 3,426.2 Million by 2033, growing with a CAGR of around 7.6% from 2023-2033.

In 2023, the global robot market is estimated to be valued around US$ 38,654 million. Spherical robot is a vital part of the total robot market. In terms of value, sales of spherical robots accounted for nearly 4.3% share of the global robot market at the end of 2022.

Report Attributes	Details
Spherical Robot Market Size (2022A)	US$ 1,521.8 Million
Estimated Market Value (2023E)	US$ 1,647.0 Million
Forecast Market Value (2033F)	US$ 3,426.2 Million
Global Market Growth Rate (2023-2033)	7.6% CAGR
North America Market Share (2023)	19.2%
North America Market Value (2023)	US$ 316.2 million
Europe Market Share (2023)	23.2%
Europe Market Value (2023)	US$ 382.1 million
China Market Share (2023)	24.8%
China Market Value (2023)	US$ 408.6 million
Market Share of Top 3 Countries	49.5%
Key Companies Profiled	Midwest Engineered Systems. KUKA AG FANUC America Corporation SuperDroid Robots Inc.

Sales Analysis of Spherical Robot (2018-2021) Vs. Market Outlook (2023-2033)

Spherical robots also called polar robots, are fixed robot arms with spherical or similar spherical work covers or envelopes that can be placed in a polar coordinate system.

Spherical robots are therefore more complex than cylindrical and rectangular robots, while control solutions are less complex than articulated robot arms. Maybe due to this, they are sometimes used as a basis for robotic kinematics exercises. The increasing integration of robotic process automation with machine learning is helping to develop the capabilities of software robots to further influence the market.

Artificial intelligence (AI) provides enhanced business intelligence and improves data integrity. In addition, rapid urbanization, lifestyle changes, increasing investments, and increased consumption are positively affecting the spherical market.

• Short Term (2023 Q1 to 2026): Increasing end use application in different industry will positively impact spherical robot market growth.
• Medium Term (2026- 2029): North America and Europe is anticipated to witness comparatively high spherical robot demand due to increasing demand for surveillance.
• Long Term (2029- 2033): Adopting new advanced technology can open new opportunities for modular robot market.

From 2018 to 2022, the global market for spherical robot registered a CAGR of 5.4%. Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 7.6% CAGR between 2023 and 2033.

Market share analysis of spherical robot based on region and application is provided in the above image. Under the application segment, inspection & surveillance sub-segment dominates with 19.2% market share in 2023.

What’s Driving High Demand for Spherical Robot across Regions?

“Technological advancement in robotics to provide boost to spherical robot sales”

Today, with the advancement of technology, companies use robotic technology in association with automation software for assistant automation, agent assistance, and automated automation. The Internet is a massively distributed information system that allows access to shared data objects.

Robotic technology is considered the fourth industrial revolution in business life. Spherical robots represent the next robotic generation of the workforce, transitioning from manufacturing to corporate offices.

Spherical robots have various applications due to their integration with automation software by designing and creating robots that direct other software to perform routine processes previously performed by humans. Such advancements will lead the market growth to new heights.

“Rising demand for profitability improvement & cutting of operational cost to propel market growth”

The emergence of the Internet of Things in various consumer industries will boost the worldwide robotic market which includes the spherical robot in both developed and developing countries.

Additionally, the growing need for automated support processes from shared service centers to manage human resources, accounting, payroll, IT, legal, compliance, purchasing, and security processes will drive the global spherical robot market in the near future.

Moreover, the need to maintain consistency and improve accuracy to maximize operational line performance and the need to free staff to focus on other strategic areas is the driving force for the utilization of spherical robots.

What Do Spherical Robot Manufacturers Need to Watch Out?

“Threat for alternative product may limit market growth”

Burgeoning demand for automotive, especially in developing countries, is influencing manufacturers to focus on enhancing production efficiency and exercising improved operation management strategies.

Operation management enables manufacturers to achieve sustainable production efficiency through the effective management of raw material procurement, manufacturing operations, and capital requirements.

Overall Equipment Efficiency (OEE) is an essential prerequisite of sustainable production efficiency and it can also be accomplished by the adoption of alternative robotic technology in the end-use industry for manufacturing facilities. This threat of alternatives against spherical robots is the risk factor that may limit the market growth.

Country Wise Analysis

How China Spherical Robot Market will grow?

China has always put efforts to dominate the robotics as well as the artificial intelligence industry globally. In addition to the latest gadgets, smartphones, computers, and other electronic gadgets, the country has clear vision to the better adoption of AI and dominate the market share in the robotics industry.

With more than 150,000 industrial robots delivered, China is one of the leading countries in robotics. Moreover, the country releases more deep-learning research publications compared to other major countries. China's expanding internet economy and enterprises' and thereby shift to AI and data analytics trends are major drivers of AI development in the country.

As the technology gap between China and Western economies continues to narrow, a wide variety of Chinese startups, giants, and scale-ups are poised to become world leaders in robotics, machine learning, and artificial intelligence.

China will account for highest market share in East Asia by contributing a revenue of US$ 408.6 million in 2023.

How Market for Spherical Robot is Estimated to Rise in Germany?

Germany is well known for its technological prowess and accuracy. With a vast supply of industrial robots to increase production worldwide, Germany is particularly on pace to lead the robotics race in the present. Redefining manufacturing speed while optimizing it for any flaws is its key goal.

Industrial robots have assisted many businesses in Germany's factories, where automation is already common, in maintaining at least some production lines when employees are absent from work. In order to speed up industrial automation, integration of robotics, artificial intelligence, and the Internet of Things into advanced manufacturing, Germany investors are taking a step forward with millions of dollars of investment.

In particular, German robotics strategies for surveillance which are being developed for both domestic security as well as international policy. The German market for spherical robots is poised to grow in a healthy way and it will have a valuation of US$ 118.3 million in 2023.

Category wise Insights

How Surveillance Application Will Lead to Market Growth?

Remotely operated Unmanned Ground Vehicles which are UGVs or robots have proven very useful in military applications, but several industry studies show that they can also be used in civilian security.

Based on GPS technology and remotely controlled or programmed by an independent system, the spherical robot includes a camera that enables 360-degree and night vision, a speaker, and microphone, that can be used to detect moisture, fire, radioactivity, gas, heat, and others.

These spherical drones can also be equipped with sensors to detect smoke, biological substances, explosives, or drugs and they are resistant to drops, falls, and impacts due to their structure. It is possible to move and rotate in multiple directions with acceleration and deceleration.

In fact, the robot is ideal for surveillance in locations such as airports, power plants, train stations, and warehouses. It is also suitable for applications such as perimeter protection and stadium event monitoring, making it ideal for locations and events that require live monitoring. The inspection and surveillance application will have a market value of US$ 316.6 million in 2023

How Autonomous Spherical Robots Will Lead to Rise in Market?

Autonomous robots typically perform tasks without human interaction, unless the task requires human interaction. Many of these robots are equipped with sensors and other functional devices that help them recognize obstacles in their path and avoid corridors, rooms, and other environments.

Complex delivery robots can also be programmed to move fully autonomously through multi-story buildings using elevators. However, autonomous robots still require physical maintenance.

Autonomous robots use a sophisticated array of sensors, machine learning, artificial intelligence, and path-planning computers to interpret and navigate the environment, independent of hard-wired power. This sub-segment will have an impressive growth rate and will achieve a market share of 68.3% in 2023.

Competitive Landscape

Fact.MR profiled the following top companies in spherical robot market in its report. Those companies are Midwest Engineered Systems. , KUKA AG, FANUC America Corporation, SuperDroid Robots Inc.

Manufacturers of spherical robots are actively engaged in accommodating the surge in demand for robotics in different applications. In other words, the nature of the target application dictates what type of spherical robot to use.

Spherical robots are gaining traction today because of their ease of integration and the ability to pack a lot of power into a small space. More technological advancements will lead to the demand for the product.

Fact.MR has provided detailed information about the price points of key manufacturers of spherical robot positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Spherical Robot Industry Research

• By Type :

  • Electric
  • Pneumatic
  • Hydraulic

• By Operation :

  • Autonomous
  • Remotely Piloted

• By Application :

  • Packaging
  • Palletizing
  • Material handling
  • Painting
  • Welding
  • Assembly
  • Inspection & Surveillance
  • Cutting
  • Dispensing

• By End-Use Industry :

  • Aerospace and Defense
  • Automotive
  • Chemicals & Materials
  • Electrical & Electronics
  • Food and Beverage
  • Healthcare
  • Mining & Oil & Gas
  • Retail & e-Commerce
  • Logistics & Warehousing
  • Packaging
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Middle East & Africa