It is the 21st century, the era of innovation, that exceeds all expectations. It has given birth to some of the most fascinating inventions, such as robots and Artificial Intelligence (AI).
Today, they are everywhere, from our daily lives to industries such as manufacturing, transportation, and consumer services. With this, robotics has emerged as one of the fastest-growing fields.
According to a report by Boston Consulting Group (BCG), the world’s robotics market will grow to $260 billion. Professional robotics might make up to $170 billion of this amount. And robots used in factories and moving goods could be worth about $80 billion.
According to another report, the global robotics industry will grow at 18.2% CAGR (Compound Annual Growth Rate) to reach $176.8 billion by 2025.
This article will look at the top 10 biggest robotics companies in the world. From startups to mega corporations, these companies are completely dominating the market. Let’s take a look.
Biggest Robotics Companies in the World: At a Glance
*This list is based on Statista.com’s report of Largest Robotics Companies Globally by Market Capitalization in billion U.S. dollars.
- Fanuc- $27.35
- Symbiotic – $23.3
- KION Group – $5.55
- ATS Automation – $4.48
- Estun Automation – $2.76
- PROCEPT BioRobotics -$1.72
- Maytronics -$1.15
- iRobot- $1.07
- Berkshire Grey – $0.34
- Stereotaxis -$0.14
Top 10 Robotics Companies
1. Fanuc
- Market Capitalization- $27.35 billion
- Founded- 1958
- Headquarters- Yamanashi Prefecture, Japan
The biggest robotics company in the world as per market capitalization is FANUC, often written as Fanuc. This Japanese company excels in developing robots and systems for controlling machines with computers. Founded in 1958 in Fujitsu, it initially focused on creating initial versions of numerical control and systems to control motion with precision. And now it stands as one of the world’s biggest manufacturers of robots used in industry. FANUC stands for Fuji Automatic Numerical Control.
2. Symbiotic Robotics
- Market Capitalization- $23.3 billion
- Founded- 2007
- Headquarters- Wilmington, Massachusetts, United States
According to the report, Symbiotic Robotics is the second biggest robotics company in the world. The American company automates warehouses using robotics. With a market cap of over 23 billion USD, Symbiotic makes and runs robot-controlled storage systems for customers in America and Canada, putting smart computer programs to work. Their clients include small food market sectors as well as mega firms like C&S Wholesale Grocers, Albertsons, Giant Tiger, Target, and Walmart.
3. KION Group
- Market Capitalization- $5.55 billion
- Founded- 2006
- Headquarters- Frankfurt, Germany
The third biggest robotics company globally is the Kion Group AG. This mega-corporation from Germany works on developing systems to help with logistics inside warehouses, machines to automate them, and trucks used in industries for lifting products, like forklifts. Founded in 2006, it is the second-biggest forklift manufacturer in the world by revenue. Brands such as Voltas, Fenwick, STILL, and Dematic are under the KION Group.
4. ATS Automation
- Market Capitalization- $4.48 billion
- Founded- 1978
- Headquarters- Cambridge, Ontario, Canada
With a market cap of 4.48 billion USD, ATS Corporation is the fourth biggest robotics company in the world. This Canadian company makes systems for automation to be used in factories. It also provides automated products to multinational clients in the field of science and f&b (food and beverages). It is one of the oldest companies in the world that provides automation services.
5. Estun Automation
- Market Capitalization- $2.76 billion
- Founded- 1993
- Headquarters- Nanjing, China
Founded in 1993, Estun Automation is China’s first self-research and design AC servo system company. It provides industrial automated products and services, that range from full series AC servo systems, inverters, PLC, HMI, and visual products to motion control systems, and motion control with robot intelligent unit products. In 2020, Estun was named the “only industrial robot company on Forbes China’s Most Innovative Enterprise List.”
6. PROCEPT BioRobotics
- Market Capitalization- $1.72 billion
- Founded- 2009
- Headquarters- San Jose, California, United States
PROCEPT BioRobotics is a one-of-a-kind robotics company. It offers surgical automation and is dedicated to improving patient care by providing transformational urology solutions. It creates, produces, and sells the AQUABEAM Robotic System, a cutting-edge, image-guided surgical robotic system for use in minimally invasive urologic surgery, with an initial focus on treating benign prostatic hyperplasia.
7. Maytronics
- Market Capitalization- $1.15 billion
- Founded- 1983
- Headquarters- Kibbutz Yizre’el
Ranked 7th on the list, Maytronics is the world’s largest manufacturer of automated pool cleaners. Founded in 1983, it specializes in new technology and solutions for swimming pool care, including robotic pool cleaners, pool safety devices, and water treatment kits. Mayrtronics has more than 2 million global users.
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8. iRobot
- Market Capitalization- $1.07 billion
- Founded- 1990
- Headquarters- Bedford, Massachusetts, U.S.
iRobots is an American company that excels in manufacturing household robots for people to use at home. It was founded in 1990 by the Artificial Intelligence Lab of MIT (Massachusetts Institute of Technology). The company sells a range of robot cleaners such as the automated vacuum cleaner called Roomba and the floor moppers named Braava.
9. Berkshire Grey
- Market Capitalization- $340 million
- Founded- 2013
- Headquarters- Bedford, Massachusetts, United States
Despite being founded only 10 years ago, Berkshire Grey has established itself as the 9th biggest robotics company in the world. This Massachusetts-based firm provides robotic automated services to e-commerce and logistics enterprises.
10. Stereotaxis
- Market Capitalization- $140 million
- Founded- NA
- Headquarters- St Louis, Missouri, United States
The last on the list of the biggest robotics companies in the world is Stereotaxis. This American company manufactures and distributes robots, tools, and data systems for use in specialized labs. Their automated products are used to cure heart rhythm troubles and sickness in heart blood vessels.
These companies, with their diverse specializations, not only dominate the market but also drive the continuous evolution of robotics, shaping a future where automation plays an ever-increasing role in our world.
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FAQs
Japanese company Funco is the biggest robotics company in the world by market capitalization. Funco’s market cap is 27.35 billion dollars.
The world’s first robotics company in Animation. It was established in 1962 by Joseph F. Engelberger and George Devol.
The top 5 biggest robotics companies in the world are- Fanuc, Symbiotic, KION Group, ATS Automation, and Estun Automation- by market capitalization.
