Internet of Robotic Things Market Forecast Projects USD 101.69 Billion Valuation by 2028

Author : Franky james | Published On : 20 Aug 2026

Market Overview and Growth Outlook

The Internet of Robotic Things Market forecast places global market value at USD 101.69 billion by 2028, up from USD 18.65 billion in 2021. The market is expected to expand at a CAGR of 27.4% during 2022–2028. High-speed data connectivity, e-commerce, automation, digitalization, smart-device use, broadband infrastructure, and modernization underpin this trajectory.

The market encompasses smart robots connected to internet technologies for professional operations and personal tasks. These systems collect sensor data, track events, and manage physical-world objects. In e-commerce fulfillment, connected robotics can improve order throughput and precision while optimizing space utilization.

The Internet of Robotic Things Market is expected to grow at a CAGR of 27.4% during 2022–2028.

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Market Segmentation Analysis

The global Internet of Robotic Things Market is segmented by Smart Robot Component (Sensors, Actuators, Power Source, Control Systems), 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, Managed Services), by Application (Collaborative Industrial Robots, Service Sector, Personal Services, Professional Services, Defense and Security, Field, Medical, Underwater, Logistics, Telepresence, Inspection & Maintenance).

Smart robot components held the largest market size in 2021. Device management platforms were the largest platform segment and are expected to record the highest rate over the forecast period because enterprises need access and control over connected robotic devices. Security solutions are expected to register the highest CAGR among software solutions because IoRT creates security challenges at sensors, gateways, end devices, and points of sale. Service robots formed the largest application segment in 2021.

Regional Market Insights

North America led the Internet of Robotic Things Market in 2021, followed by Europe. The region's dominance is supported by numerous leading vendors and the adoption of smart robotics across a wide range of applications. Its leading position is expected to continue through the forecast period.

Asia-Pacific is expected to witness the highest CAGR during the forecast period. The regional market outlook is supported by increasing adoption of connected devices and spending aimed at strengthening manufacturing.

Emerging Trends Shaping the Internet of Robotic Things Market

The market forecast reflects an industry moving toward deeper connectivity between robots and digital technologies. Integration with smartphones, tablets, artificial intelligence, and computational vision is expanding the technological capabilities associated with smart robotics.

The growing importance of software security and device management is another structural development. Enterprises require platforms for managing data and applications, while security solutions address vulnerabilities associated with increasingly connected robotic systems. Services also support deployment into existing organizational infrastructure.

Key Growth Drivers of the Market

High-speed data connectivity: Better connectivity enables smooth communication across connected robotic systems.
E-commerce fulfillment requirements: Greater online ordering supports demand for robotics that can improve throughput, precision, and space utilization.
Manufacturing automation: Automation creates broader application opportunities for connected robotic technologies.
Smart-device adoption: Increased use of smart devices supports the wider ecosystem needed for IoRT.
Broadband and modernization: Stronger broadband availability and modernization provide infrastructure for connected robotic deployment.

Competitive Landscape

Top Companies in the Market

ABB Ltd (Switzerland)
iRobot Corp (U.S.)
KUKA AG (Germany)
Google, Inc (U.S.)
Amazon.com, Inc (U.S.)
Fanuc, Corp (Japan)
Intel Corporation (U.S.)
Cisco Systems, Inc (U.S.)
Honda Motors Co., Ltd (Japan)
Yaskawa Electric Corporation (Japan)
Aethon Inc (U.S.)
Northrop Grumman Corporation (U.S.)
Bluefin Robotics Corporation (U.S.)
Adept Technologies, Inc (U.S.)
ECA Group (France)
Geckosystems International Corporation (U.S.)
Robert Bosch GmbH (Germany)
Samsung Electronics Co., Ltd (South Korea)

Conclusion and Strategic Outlook

The Internet of Robotic Things Market forecast indicates an increase from USD 18.65 billion in 2021 to USD 101.69 billion by 2028. At a CAGR of 27.4%, the market reflects expanding demand for connected robotics across industrial and service-oriented applications.

The strategic outlook is shaped by connectivity, e-commerce, manufacturing automation, smart devices, digitalization, and modernization. Regional dynamics remain important, with North America maintaining leadership and Asia-Pacific recording the highest projected CAGR.

FAQs – Internet of Robotic Things Market

1. What does the Internet of Robotic Things Market forecast show?

The market is forecast to increase from USD 18.65 billion in 2021 to USD 101.69 billion by 2028. This represents a significant expansion over the 2022–2028 forecast period.

2. What CAGR is included in the market forecast?

The Internet of Robotic Things Market is expected to grow at a CAGR of 27.4% from 2022 to 2028. The rate reflects the market's projected expansion across connected robotic applications.

3. What are the principal market drivers?

Connectivity, e-commerce, smart devices, manufacturing automation, digitalization, broadband infrastructure, and modernization are the stated drivers. These factors collectively encourage broader IoRT adoption.

4. Which regional market has the strongest position?

North America held the largest share in 2021 and is expected to retain its dominant trend. Asia-Pacific is projected to have the highest CAGR.

5. What could constrain the market?

Legacy manufacturing equipment may lack components required for newer data communication networks. Modifications or external installations can raise costs for firms operating older machinery.