Internet of Robotic Things Market

By Component;

Sensors, Actuators, Power Sources and Control Systems

By Software;

Real-Time Streaming Analytics, Security Solutions, Data Management, Remote Monitoring Systems and Network Bandwidth Management

By Platform;

Device Management Platform, Application Management Platform and Network Management Platform

By Service;

Professional Services and Managed Services

By Application;

Collaborative Industrial Robots and Service Robots

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn371479248 Published Date: September, 2025 Updated Date: October, 2025

Internet of Robotic Things Market Overview

Internet of Robotic Things Market (USD Million)

Internet of Robotic Things Market was valued at USD 23,701.45 million in the year 2024. The size of this market is expected to increase to USD 147,128.84 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 29.8%.


Internet of Robotic Things Market

*Market size in USD million

CAGR 29.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)29.8 %
Market Size (2024)USD 23,701.45 Million
Market Size (2031)USD 147,128.84 Million
Market ConcentrationLow
Report Pages305
23,701.45
2024
147,128.84
2031

Major Players

  • ABB Ltd.
  • Kuka AG
  • Irobot Corporation
  • Fanuc Corporation
  • Amazon

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Internet of Robotic Things Market

Fragmented - Highly competitive market without dominant players


The Internet of Robotic Things Market is expanding rapidly as industries adopt IoT-enabled robotics for automation and real-time decision-making. Nearly 58% of connected robots are now equipped with IoT sensors to improve functionality and adaptability. This convergence enhances efficiency and transforms traditional workflows into intelligent operations.

Rising Adoption Across Industries
The demand for connected robotic systems is increasing in manufacturing, logistics, and healthcare. Around 55% of enterprises leverage IoRT solutions to streamline operations, enhance monitoring, and reduce downtime. These applications demonstrate how IoRT is becoming an integral part of industrial automation and service delivery.

Technological Advancements Driving Growth
Continuous innovations in AI, machine learning, and 5G connectivity are strengthening IoRT capabilities. Approximately 47% of new robotic deployments include advanced analytics, edge computing, and cloud integration. These technologies allow robots to analyze data instantly and make autonomous decisions, improving operational reliability.

Focus on Efficiency and Cost Optimization
Businesses are adopting IoRT to achieve greater efficiency and resource management. Close to 60% of organizations report cost savings from IoRT-enabled predictive maintenance and optimized resource allocation. This focus on reducing manual intervention while improving output makes IoRT highly attractive for enterprises.

Enhanced Safety and Human-Robot Collaboration
The market is also benefiting from the emphasis on safety and collaboration. Nearly 52% of collaborative robots (cobots) integrated with IoRT are designed to work alongside humans safely. These systems ensure secure interaction, improve workplace productivity, and redefine the scope of human-robot teamwork.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Software
    3. Market Snapshot, By Platform
    4. Market Snapshot, By Service
    5. Market Snapshot, By Application
    6. Market Snapshot, By Region
  4. Internet of Robotic Things Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Adoption of Automation
        2. Technological Advancements
        3. Increasing Demand for Data-driven Insights
      2. Restraints
        1. Security Concerns
        2. High Initial Investment Costs
        3. Technical Expertise
      3. Opportunities
        1. Growth in Emerging Economies
        2. Convergence with Other Technologies
        3. Rise ofCollaborative Robots (Cobots)
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Internet of Robotic Things Market, By Component, 2021 - 2031 (USD Million)

      1. Sensors

      2. Actuators

      3. Power Sources

      4. Control Systems

    2. Internet of Robotic Things Market, By Software, 2021 - 2031 (USD Million)
      1. Real Time Streaming Analytics
      2. Security Solution
      3. Data Management
      4. Remote Monitoring System
      5. Network Bandwidth Management
    3. Internet of Robotic Things Market, By Platform, 2021 - 2031 (USD Million)
      1. Device Management Platform
      2. Application Management Platform
      3. Network Management Platform
    4. Internet of Robotic Things Market, By Service, 2021 - 2031 (USD Million)

      1. Professional Services

      2. Managed Services

    5. Internet of Robotic Things Market, By Application, 2021 - 2031 (USD Million)

      1. Collaborative Industrial Robots

      2. Service Robots

    6. Internet of Robotic Things Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ABB Ltd.
      2. Siemens AG
      3. FANUC Corporation
      4. Amazon Web Services (AWS)
      5. KUKA AG
      6. Rockwell Automation
      7. Google LLC
      8. iRobot Corporation
      9. Intel Corporation
      10. Cisco Systems, Inc.
      11. Yaskawa Electric Corporation
      12. Honda Motors Co., Ltd.
      13. Northrop Grumman Corporation
      14. Aethon Inc.
      15. Bluefin Robotics Corporation
  7. Analyst Views
  8. Future Outlook of the Market