Global Internet of Robotic Things (IoRT) Market – Industry Trends and Forecast to 2026

  • ICT
  • Upcoming Report
  • Oct 2019
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Internet of Robotic Things (IoRT) Market By Component (Sensors, Actuators, Power Source, Control Systems, Others), Software (Real Time Streaming Analytics, Security Solution, Data Management, Remote Monitoring System, Network Bandwidth Management), Platform (Device Management Platform, Application Management Platform, Network Management Platform), Service (Professional Services, Managed Services), Application (Collaborative Industrial Robots, Service Sector), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Internet of Robotic Things (IoRT) Market

Global Internet of Robotic Things (IoRT) market is expected to register a healthy CAGR of 29.10% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the rising levels of adoption for automated technologies and solutions.

Market Definition: Global Internet of Robotic Things (IoRT) Market

Internet of Robotic Things (IoRT) is described as the implementation of robots in an Internet of Things (IoT) infrastructure enabling the communication of robots with other components of IoT. This technology essentially translates to interconnectivity of robots and other components resulting in the availability of Internet of Robotic Things (IoRT) infrastructure.

Market Drivers:

  • Rising prevalence of technology usage from the e-commerce vertical; this factor is expected to propel the growth of the market
  • Reduced time required for healthy return on investment acts as a market driver
  • Growing areas of application due to the surge of robot adoption also uplifts the market growth

Market Restraints:

  • Significant costs associated with the research and development of these solutions; this factor is expected to restrict the growth of the market
  • Lengthy procedure associated with the development of these solutions will also hamper the growth of the market in the forecast period

Segmentation: Global Internet of Robotic Things (IoRT) Market

By Component

  • Sensors
  • Actuators
  • Power Source
  • Control Systems
  • Others

    • Electrical
    • Electronic & Mechanical

By Software

  • Real Time Streaming Analytics
  • Security Solution
  • Data Management
  • Remote Monitoring System
  • Network Bandwidth Management

By Platform

  • Device Management Platform
  • Application Management Platform
  • Network Management Platform

By Service

  • Professional Services

    • Deployment & Integration
    • Support & Maintenance
    • Consulting Services

  • Managed Services

By Application

  • Collaborative Industrial Robots

    • Automotive
    • Electronics
    • Food & Beverages
    • Others

  • Service Sector

    • Personal Services

      • Domestic
      • Entertainment

        • Smart Toys
        • Robotic Pets

    • Others

  • Professional Services

    • Defense & Security

      • Demining
      • Fire & Bomb Fighting

    • Field

      • Agriculture & Forestry
      • Milking Robots

    • Medical

      • Rehabilitation System
      • Others

        • Assistive Robots

    • Underwater
    • Logistics (Automated Guided Vehicles)

      • Factory Logistics
      • Service Logistics

    • Telepresence

      • Business
      • Healthcare
      • Personal

    • Inspection & Maintenance

      • Factory Facilities
      • Tank, Tubes, Pipes & Sewers
      • Ships & Turbines
      • Others

        • Infrastructure & Construction

    • Others

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • Europe

    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Middle East and Africa

    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In August 2019, International Conference on Internet of Robotic Things and Automation (IORTA’19) was held from August 5-8, 2019 at University of Oxford, United Kingdom. The conference was organized to provide a platform for the individuals and communities, helping them in gaining all of the valuable information and addressing the challenges expected to be prevalent throughout the industry
  • In May 2019, GeckoSystems Intl. Corp. announced the availability of world’s first sentient AI designed in a cost-effective manner. This AI sentience has been developed for home-care robots and is a strategic launch considering the strategy of GeckoSystems Intl. Corp. on developing “AI Mobile Robot Solutions” for “Safety, Security and Service”

Competitive Analysis

Global Internet of Robotic Things (IoRT) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Internet of Robotic Things (IoRT) market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global Internet of Robotic Things (IoRT) market are ABB; KUKA AG; FANUC CORPORATION; Amazon Web Services, Inc.; Google; Cisco; Intel Corporation; Honda Motor Co., Ltd.; YASKAWA ELECTRIC CORPORATION; Northrop Grumman Corporation; Aethon; General Dynamics Mission Systems, Inc.; GeckoSystems Intl. Corp.; OMRON Corporation; ECA GROUP; Robert Bosch GmbH; SAMSUNG; iRobot Corporation among others.

Research Methodology: Global Internet of Robotic Things (IoRT) Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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