The North America Robotics Technology Market would witness market growth of 14.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Robotics Technology Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $59,321.9 million by 2031. The Canada market is experiencing a CAGR of 16.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 15.5% during (2024 - 2031).
This market has emerged as one of the most transformative and rapidly expanding industry sectors in recent years. This technology is revolutionizing how various sectors operate, making processes more efficient, cost-effective, and precise. At the centre of this market is the integration of robots designed to automate tasks traditionally performed by humans, ranging from manufacturing to healthcare, logistics, and entertainment.
This technology is applied across various industries, benefiting from increased productivity, enhanced precision, and reduced human error. The healthcare sector has seen a surge in the adoption of this technology for surgical procedures, rehabilitation, and patient care. Surgical robots, such as the da Vinci Surgical System, enable surgeons to perform minimally invasive procedures with greater precision, flexibility, and control.
Canada’s Aerospace Regional Recovery Initiative (ARRI), with a substantial budget of $250 million over a few years, represents a significant investment in the recovery and growth of the aerospace sector. The initiative, delivered by Canada’s regional development agencies (RDAs), aims to enhance the competitiveness of Canada’s aerospace industry, which is known for its advanced technological infrastructure. The US government is also instrumental in the growth of the robotics technology market by funding and supporting robotics development through initiatives like the National Robotics Initiative (NRI), launched by the National Science Foundation (NSF). The NRI fosters collaboration between government agencies, universities, and industry to advance robotics research and deployment in healthcare, manufacturing, and defense sectors. Thus, the USA and Canada are set for significant growth in this market, fuelled by innovation, investment, and increasing industry adoption.
Free Valuable Insights: The Robotics Technology Market is Predict to reach USD 279.52 Billion by 2031, at a CAGR of 14.8%
Based on Robot Type, the market is segmented into Traditional Industrial Robots, Cobots, Professional Service Robots, and Other Robot Type. Based on Component, the market is segmented into Hardware, Software, and Service. Based on Application, the market is segmented into Manufacturing, Healthcare, Logistics, Aerospace & Defense, Media & Entertainment, and Other Application. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Robot Type
By Component
By Application
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 