India Industrial Robotics Market Size & Outlook, 2023-2030
India industrial robotics market, 2018-2030 (US$M)
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India industrial robotics market highlights
- The India industrial robotics market generated a revenue of USD 1,394.4 million in 2023 and is expected to reach USD 3,449.1 million by 2030.
- The India market is expected to grow at a CAGR of 13.8% from 2024 to 2030.
- In terms of segment, electrical/electronics was the largest revenue generating end use in 2023.
- Chemical, Rubber, & Plastics is the most lucrative end use segment registering the fastest growth during the forecast period.
Industrial robotics market data book summary
| Market revenue in 2023 | USD 1,394.4 million |
| Market revenue in 2030 | USD 3,449.1 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Electrical/electronics |
| Fastest growing segment | Chemical, Rubber, & Plastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, Food |
| Key market players worldwide | ABB Ltd, YASKAWA Electric Corp, Mitsubishi Electric Corp, KUKA Robotics, Fanuc Corp, Denso Corp, Kawasaki Heavy Industries Ltd, OMRON Corp, Nachi Fujikoshi, Stellantis NV |
Other key industry trends
- In terms of revenue, India accounted for 4.6% of the global industrial robotics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial robotics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,449.1 million by 2030.
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Industrial Robotics Market Scope
Industrial Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India industrial robotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial robotics market will help companies and investors design strategic landscapes.
Electrical/electronics was the largest segment with a revenue share of 25.94% in 2023. Horizon Databook has segmented the India industrial robotics market based on automotive, electrical/electronics, metal/heavy machinery, chemical, rubber, & plastics, food covering the revenue growth of each sub-segment from 2018 to 2030.
With a sizable young population deeply engaged in automation, encouraged by market potential and government support, India is witnessing a surge in adoption of robotic technology.
Moreover, this growth is fueled by the imperative to incorporate artificial intelligence (AI) and other cutting-edge technologies, creating new opportunities for enterprises and their workforce. Notably, the automotive and electronics sectors emerge as key sectors driving the uptake of robotics solutions within the country.
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Target buyers of India industrial robotics market databook
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Our clientele includes a mix of industrial robotics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India industrial robotics market , including forecasts for subscribers. This country databook contains high-level insights into India industrial robotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India industrial robotics market size, by end use, 2018-2030 (US$M)
India Industrial Robotics Market Outlook Share, 2023 & 2030 (US$M)
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