Top 10 Robot Companies | Technology vs Human

Tajammul Pangarkar
Tajammul Pangarkar

Updated · Apr 19, 2024

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Robot Market Overview

Robotics combines mechanical engineering, electronics, and computer science to create an electromechanical device called a robot, capable of independent or semi-independent operation.

These robots include mechanical structures with sensors to perceive the environment, control systems for data processing, and actuators for task execution.

They vary from industrial robots in manufacturing to service robots in healthcare and logistics, as well as autonomous vehicles like drones and self-driving cars.

Programming methods range from traditional languages to visual interfaces. Despite facing challenges such as safety and ethics, robotics advances with AI and human-robot interaction, leading to a future where robots play increasingly vital societal roles.

Market Drivers

Several key drivers propel the global robot market. Automation demand, especially in manufacturing, spurs robot adoption to enhance efficiency and productivity while reducing labor costs.

Technological advancements, such as AI and sensor technology, enable robots to perform increasingly complex tasks with precision.

Labor shortages and workplace safety concerns further fuel robot adoption, as they can fill gaps and work collaboratively with humans.

Decreasing hardware costs make robots more accessible, while the growth of e-commerce drives demand in logistics.

Healthcare applications, emerging markets, environmental concerns, and supportive government initiatives also contribute to the market’s growth.

Market Size

The Global Industrial Robotics Market, valued at USD 54 billion in 2023, is expected to achieve a peak Compound Annual Growth Rate (CAGR) of 11.4% from 2023 to 2032, reaching approximately USD 142.8 billion by the end of the forecast period.

List of Major Companies

These are the top ten companies operating in the Robot Market:


Company Overview

Establishment Year1972
HeadquarterYamanashi Prefecture, Japan
Key ManagementDr. Eng. Yoshiharu Inaba (President & CEO)
Revenue (US$ Bn)$ 6.3 Billion (2022)
Headcount~  9,432 (2022)


In 2023, FANUC Corporation celebrated a key milestone with the production of its one-millionth industrial robot, reinforcing its strong presence across the automotive, aerospace, and consumer goods sectors.

This achievement underscores FANUC’s commitment to innovation and automation. The company also broadened its range with new high-capacity collaborative robots, the CRX-25iA and CR-35iB, designed for precise, safe handling of heavy loads in complex manufacturing processes.

Additionally, FANUC is tackling the skills gap in automation through educational programs, including sponsoring the Education Pavilion at Automate to cultivate a skilled workforce through partnerships with over 1,500 schools worldwide.

These initiatives highlight FANUC’s ongoing leadership and commitment to advancing automation and education in the industry.

Geographical Presence

FANUC Corporation, based in Oshino-mura, Yamanashi Prefecture, Japan, has a significant global reach, with operations in various regions.

In North America, it strategically places manufacturing facilities, technical centers, and customer support hubs for industries like automotive, aerospace, and electronics.

Across Europe, key facilities in Germany, the UK, Italy, and France drive innovation. In the Asia-Pacific region, including China, South Korea, India, and Singapore, FANUC utilizes advanced automation technologies for growth.

It also extends into Latin America and other emerging markets. FANUC’s global presence reflects its commitment to innovative automation solutions and exceptional customer service, establishing it as a leading industrial automation provider worldwide.

Recent Developments

  • In September 2023, Fanuc Corporation recently marked a significant milestone with the production of its one-millionth industrial robot.
  • In May 2023, FANUC America debuted two new high-capacity collaborative robots and showcased advanced automation solutions at Automate 2023.


Company Overview

Establishment Year1915
HeadquarterKitakyushu, Japan
Key ManagementYaskawa Electric Corporation (CEO)
Revenue (US$ Bn)$ 4.1 B (2022)
Headcount~ 13,094 (2022)

About Yaskawa Electric

Yaskawa Electric Corporation, a pivotal figure in the robotics sector, has recently introduced the MOTOMAN NEXT series, representing the industry’s first adaptive robots.

This launch signifies a significant step forward in automation, with a platform designed to address social challenges through robotic innovations​​​​.

Yaskawa continues to enhance its robust offerings across various applications, demonstrating its dedication to innovation and customer satisfaction in a dynamically evolving market.

These efforts are part of Yaskawa’s broader strategy to leverage advanced mechatronics and data management solutions to meet complex industrial demands, ensuring its competitive edge in the global robotics industry​​​​​​​​.

Geographical Presence

Yaskawa Electric Corporation, a top Japanese manufacturer of motion control, robotics, and industrial automation equipment, boasts a strong global presence.

With manufacturing centers and sales offices across the Asia-Pacific region, North America, Europe, Latin America, and the Middle East and Africa, Yaskawa caters to diverse industries such as automotive, energy, and consumer goods.

This expansive footprint allows Yaskawa to provide localized support and innovative solutions, solidifying its position as a leader in industrial automation and robotics on a global scale.

Recent Developments

  • In January 2024, Yaskawa introduced a new controller solution, iCube Control.
  • In December 2023, Yaskawa Electric Corporation revealed intentions to establish a new manufacturing facility in Sunderland, England.


Company Overview

Establishment Year1898
HeadquarterAugsburg, Bavaria, Germany
Key ManagementPeter Mohnen (CEO)
Revenue (US$ Bn)$ 4.1 Billion (2022)
Headcount~ 15,000 (2024)

About KUKA

KUKA AG, a leader in automation, recently highlighted its innovative robotics at AUTOMATICA 2023, showcasing its energy-efficient KR QUANTEC series robots, which use up to 60% less energy.

These developments underline KUKA’s commitment to sustainable manufacturing and the expansion of its product range to include cobots and digital services, making robotics more user-friendly across various sectors.

KUKA’s engagement in industry events and digital advancements, like their online configurators and the virtual KUKA Dome experience, reflect their focus on leveraging digitalization and AI to improve manufacturing processes​​​​​​.

Geographical Presence

KUKA AG, a leading manufacturer of industrial robots and automation solutions headquartered in Augsburg, Germany, has a strong global presence.

Operating across Europe, with subsidiaries in Switzerland, France, Italy, Spain, and the UK, the company serves various industries.

In North America, including the US and Mexico, KUKA strategically places offices, production sites, and service centers to support automotive, consumer goods, and logistics sectors.

Expanding into Asia, notably China, Japan, South Korea, and India, KUKA utilizes partnerships to meet diverse industry needs.

Additionally, KUKA extends its reach to South America and the Middle East, collaborating with local partners to meet emerging market demands.

Overall, KUKA AG’s worldwide presence underscores its commitment to delivering innovative robotics and automation solutions globally.

Recent Development

  • In April 2024, KUKA and Volkswagen inked a deal to supply over 700 robots this year and in the following two years.
  • In September 2023, GROPIUS and KUKA teamed up to establish a fully automated, digitally managed production facility at the Richen site near Heilbronn, Germany.


Company Overview

Establishment Year1990
HeadquarterBedford, Massachusetts, U.S.
Key ManagementAndrew Miller (Chairman)
Revenue (US$ Bn)$ 891 Million (2023)
Headcount~ 1,113 (2023)

About iRobot Corporation

iRobot Corporation, a leader in consumer robotics, has been actively developing and enhancing its product lineup. In 2023, iRobot Corporation launched the Roomba Combo j9+ and Roomba j9+ models, equipped with the new iRobot OS 7.0.

This technology allows the robots to clean more effectively by prioritizing areas based on their previous cleaning data and the level of dirt in each room.

The Roomba Combo j9+ model notably integrates vacuuming and mopping, featuring SmartScrub technology for more robust cleaning tasks.

Additionally, iRobot is undergoing strategic shifts, including a pricing-adjusted merger proposal with Amazon aimed at leveraging Amazon’s broad consumer base and technology to enhance iRobot’s market offerings. These efforts underscore iRobot’s focus on innovation and strategic growth within the smart home industry.

Geographical Presence

iRobot Corporation, a leading player in consumer robotics, has a strong global presence and is headquartered in Bedford, Massachusetts, USA.

In North America, it has extensive distribution in the US, Canada, and Mexico. In Europe, it’s well-established in major markets like the UK, Germany, France, and Italy, building on strategic partnerships.

Expanding into the dynamic Asia-Pacific region, including Japan, South Korea, China, and Australia, iRobot meets the rising demand for smart home solutions. It also operates in Latin America, the Middle East, and Africa, demonstrating its commitment to delivering cutting-edge robotic technologies worldwide.

Recent Development

  • In September 2023, iRobot Corp. unveiled its latest innovative models, addressing common challenges seen in rival robots. These include the flagship Roomba Combo® j9+ robot, which functions as both a vacuum and mop, and the Roomba® j9+ robot vacuum, known for its exceptional power and intelligence.
  • In July 2023, Amazon and iRobot agreed to modify their merger agreement by adjusting the price per share.


Company Overview

Establishment Year1942
HeadquarterNagano, Japan
Key ManagementYasunori Ogawa (CEO)
Revenue (US$ Bn)$ 9.8 B (2022)
Headcount~ 79,906 (2022)

About Seiko Epson

Seiko Epson Corporation has advanced its robotics technology with the recent launch of the GX-B Series SCARA robots.

Introduced in October 2023, these robots are designed for a wide range of applications in industries such as medical devices and consumer electronics and feature the RC700E controller with SafeSense technology for enhanced safety and efficiency.

Additionally, Epson has invested in GITAI Japan Inc., a startup focusing on space robotics to minimize the costs and risks of space labor. This move highlights Epson’s commitment to innovation and its strategy to expand robotic applications into new sectors​​​​.

Geographical Presence

Seiko Epson Corporation, known for its precision engineering and innovation, has a strong global presence.

With manufacturing, R&D, and sales facilities across Asia (Japan, China, Singapore, Indonesia), it targets growing markets. In the Americas (USA, Canada, Brazil, Mexico), it serves customers across both continents.

Similarly, in Europe (Germany, the UK, France, Italy), it meets various market demands. Extending its reach to the Middle East and Africa, Seiko Epson demonstrates its commitment to innovation.

This global footprint underscores its dedication to delivering advanced technologies and fostering international collaboration.

Recent Developments

  • In October 2023, Epson Robots launched the GX-B Series of high-power-density SCARA robots, featuring the RC700E controller integrated with SafeSense™ technology.
  • In May 2023, Seiko Epson Corporation increased its investment in GITAI Japan Inc., a startup specializing in general-purpose space robots.


Company Overview

Establishment Year1988
HeadquarterZurich, Switzerland
Key ManagementBjörn Rosengren (CEO)
Revenue (US$ Bn)$ 32.2 Billion (2023)
Headcount~ 105,000 (2023)

About ABB

In 2023, ABB Ltd. highlighted the increasing adoption of automation driven by global labor shortages and the push for businesses to return operations closer to home for stronger supply chain security.

ABB has upgraded its collaborative robots, such as the GoFa and SWIFTI models, to handle repetitive or hazardous tasks safely alongside humans.

Additionally, ABB has enhanced its robots with advanced AI and autonomous technologies, making them easier to use and adaptable to industries like healthcare and food service, thereby improving efficiency in complex tasks like meal prep and medical testing.

Furthermore, ABB is partnering with educational institutions to address the robotics skills gap, preparing workers for future demands in automated sectors.

This reflects ABB’s strategic focus on sophisticated automation and collaborative solutions to meet significant industrial challenges and opportunities​​.

Geographical Presence

ABB Ltd. boasts a strong global presence spanning Europe, the Americas, and the Asia-Pacific region. In Europe, key operations are centered in Switzerland, Germany, Sweden, Finland, Italy, and the United Kingdom, serving as crucial hubs for manufacturing, research, and distribution.

Similarly, ABB has significant operations in the Americas, including the United States, Canada, Brazil, and Mexico, addressing various industrial needs.

In the Asia-Pacific region, ABB maintains a significant presence in markets like China, India, Japan, South Korea, Australia, and Singapore, strategically positioning itself to access emerging markets.

Additionally, ABB extends its reach to the Middle East and Africa, with a presence in countries such as the United Arab Emirates, Saudi Arabia, South Africa, and Egypt.

Through its global network, ABB is committed to serving clients worldwide, leveraging local expertise and infrastructure to deliver innovative solutions across industries.

Recent Developments

  • In April 2024, ABB introduced a groundbreaking solar-powered drive, the ACQ80 VSD, designed for sustainable water pumping. This innovative solution harnesses solar energy to address diverse water pumping needs, such as irrigation and utility supplies.
  • In April 2024, ABB invested in GridBeyond, a leading tech firm providing AI-driven energy management solutions.


Company Overview

Establishment Year2005
HeadquarterOdense, Denmark
Key ManagementKim Povlsen (CEO)
Revenue (US$ Bn)$ 304 Million (2023)
Headcount~ 1000 (2022)

About Universal Robots

In 2023, Universal Robots expanded its cobot offerings with the UR30, a higher payload robot designed for precision in heavy-duty applications like material handling and machine tending.

This model builds on the successes of the UR20, enhancing capabilities for handling significant loads with accuracy, which is crucial for efficient, high-speed tasks.

Universal Robots also advanced its software solutions, introducing new platforms that streamline cobot integration across various industrial operations.

This initiative reflects their commitment to improving the user experience and broadening access to automation technologies, catering to diverse industry needs and operational sizes.

These efforts highlight Universal Robots’ focus on delivering versatile and user-friendly automation solutions to meet the changing demands of modern industries​​​​​​.

Geographical Presence

Universal Robots, a leader in collaborative robotics since 2005, has expanded globally to meet the increasing demand for collaborative robotic solutions.

In North America, the United States serves as its headquarters, managing sales, distribution, and support, supported by an extensive network of authorized distributors.

In Europe, operations are led by the Danish headquarters, utilizing distributors to reach key markets. Across the Asia-Pacific region, including China, Japan, South Korea, and Singapore, Universal Robots has established regional offices and distribution centers to serve diverse industries.

While its presence varies in Latin America, the Middle East, and Africa, the company remains dedicated to global expansion and innovation in robotic solutions.

Recent Developments

  • In September 2023, Universal Robots announced plans to enhance its product range by introducing a new collaborative robot with a 30 kg payload capacity.
  • In June 2023, Universal Robots unveiled an innovative software platform tailored for machine-tending tasks.


Company Overview

Establishment Year1896
HeadquarterMinato, Tokyo, Japan
Key ManagementYoshinori Kanehana (Chairman)
Revenue (US$ Bn)$ 12.7 Billion (2022)
Headcount~ 38,254 (2022)

About Kawasaki Heavy Industries

Kawasaki Heavy Industries Ltd. has continued to innovate within the robotics sector. In 2023, Kawasaki Heavy Industries Ltd. introduced the RS025N, a new medium payload robot, to the North American market.

This addition to their R series enhances their lineup with features like extended reach, increased speed, and higher payload capacity tailored to meet the precise demands of various industries.

The RS025N is specifically designed for high-speed applications and flexibility, making it suitable for environments that require stringent cleanliness and dust resistance.

These advancements showcase Kawasaki’s ongoing commitment to enhancing its robotics technologies and expanding its product range to stay competitive in the automation industry​​.

Geographical Presence

Kawasaki Heavy Industries Ltd. maintains a robust global presence, strategically catering to various markets.

In North America, it operates manufacturing facilities, R&D centers, and sales offices, with a focus on aerospace, energy, and transportation.

Its Tokyo headquarters and nationwide plants in Japan enhance its influence, while subsidiaries and partnerships across the Asia-Pacific, including China, South Korea, and India, broaden its reach.

In Europe, it spans countries such as the UK, Germany, and Italy, capitalizing on its engineering expertise. Expanding into emerging markets in Latin America, Africa, and the Middle East, Kawasaki seeks growth opportunities.

This extensive global presence underscores Kawasaki’s commitment to delivering innovative engineering solutions worldwide.

Recent Development

  • In April 2024, Kawasaki Heavy Industries secured an order from Shizuoka City for the H145 //BK117 D-3, a cutting-edge model in the BK117 helicopter series.
  • In April 2024, Kawasaki Heavy Industries initiated the construction of a full-scale demonstration facility for a large gas engine power generation plant, incorporating 30% hydrogen mixed combustion, with an output of 8 MW class.


Company Overview

Establishment Year1847
HeadquarterMunich, Germany
Key ManagementRoland Busch (CEO)
Revenue (US$ Bn)$ 81.8 Billion (2022)
Headcount~ 321,000 (2022)

About Omron Corporation

In 2023, Omron Corporation expanded its robotics offerings with the introduction of the MD-650 autonomous mobile robot (AMR) in Japan.

This medium-payload robot, capable of handling up to 650 kg, is designed to enhance efficiency in manufacturing sites by automating the transportation of parts and materials.

The MD-650 is noted for its ability to operate in environments where humans and machines coexist, utilizing advanced navigation and obstacle avoidance technologies to ensure safe and smooth operation.

Furthermore, Omron has engaged in a strategic partnership to expand its mobile robot lineup, incorporating Lowpad’s low-profile AMRs into its range.

This move is part of Omron’s broader strategy to enhance its automation capabilities across various industries and meet the increasing demands for efficient, high-mix, and low-volume production systems​​​​.

Geographical Presence

Omron Corporation, a global leader in automation and healthcare solutions, boasts a robust geographical presence across Asia, North America, Europe, and other regions worldwide.

With key operations in Japan, China, India, and Southeast Asia, as well as a strong presence in North America and Europe, Omron strategically establishes its footprint to serve diverse markets and meet evolving customer needs.

Additionally, the company extends its reach to Latin America, Africa, and the Middle East, demonstrating its commitment to serving emerging markets and fostering innovation globally through a network of subsidiaries, distributors, and partners.

Recent Development

  • In April 2024, Omron Robotics and Safety Technologies partnered with Neura Robotics to introduce cognitive robots into manufacturing operations.
  • In August 2023, OMRON revealed the upcoming launch of the MD-650 autonomous mobile robot (AMR), aimed at enhancing efficiency in production settings.


Company Overview

Establishment Year1921
HeadquarterTokyo, Japan
Key ManagementMitoji Yabunaka (Chairman)
Revenue (US$ Bn)$ 37 Billion (2022)
Headcount~ 149,655 (2022)

About Mitsubishi Electric

In 2023, Mitsubishi Electric Corporation significantly advanced its robotics sector, launching new industrial robots under its MELFA series designed for cell manufacturing that require high speed and precision.

These innovations highlight Mitsubishi’s efforts to expand the capabilities of its robotic systems for complex tasks.

Additionally, the company inaugurated a new smart manufacturing plant in Maharashtra, India, enhancing its production of factory automation systems and reinforcing its commitment to meet the increasing global and local demand for sophisticated automation solutions.

This expansion supports Mitsubishi Electric’s strategic aim to strengthen its market presence and cater to both existing and emerging industrial challenges. ​​​

Geographical Presence

Mitsubishi Electric Corporation boasts a vast geographical presence, strategically positioning itself across key markets worldwide. Operating from its headquarters in Japan, it has expanded throughout Asia, with a notable presence in China, South Korea, India, and Southeast Asia.

In the Americas, particularly in the United States, Mitsubishi Electric operates various facilities for manufacturing, research, and sales, extending its reach across North and South America.

In Europe, the company has established significant operations in countries like Germany, the United Kingdom, and France, catering to diverse industrial sectors.

Additionally, Mitsubishi Electric maintains a global outlook, with operations in regions such as the Middle East, Africa, and Oceania, ensuring its presence in evolving markets worldwide.

Recent Developments

  • In December 2023, Mitsubishi Electric India unveiled a state-of-the-art smart manufacturing plant for advanced Factory Automation Systems in Pune, Maharashtra, India.
  • In February 2022, Mitsubishi Electric Corporation created a cutting-edge robot system technology that allows robots to perform tasks like sorting and arranging as swiftly as humans without requiring specialized teaching.
Tajammul Pangarkar

Tajammul Pangarkar

Tajammul Pangarkar is a CMO at Prudour Pvt Ltd. Tajammul longstanding experience in the fields of mobile technology and industry research is often reflected in his insightful body of work. His interest lies in understanding tech trends, dissecting mobile applications, and raising general awareness of technical know-how. He frequently contributes to numerous industry-specific magazines and forums. When he’s not ruminating about various happenings in the tech world, he can usually be found indulging in his next favorite interest - table tennis.