According to Cognitive Market Research, the global Robot arms market size will be USD 27158.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.60% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 10863.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 8147.46 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 6246.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.6% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 1357.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 543.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.3% from 2024 to 2031.
The Articulated is the fastest growing segment of the Robot arms industry
