Robotics - Belgium | Statista Market Forecast

Revenue in the Robotics market is projected to reach US$1.29bn in 2024.
Service robotics dominates the market with a projected market volume of US$1.16bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 15.25%, resulting in a market volume of US$2.61bn by 2029.
In global comparison, most revenue will be generated United States (US$9.42bn in 2024).

Definition:

The Robotics market refers to the industry that encompasses the design, development, manufacturing, and deployment of robotic systems and technologies. It involves the creation of machines that perform tasks autonomously or with minimal human intervention. These machines, also known as robots, mimic human actions and/or perform specialized functions in various sectors. These sectors include manufacturing, healthcare, agriculture, logistics, defense, and entertainment.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Structure:

The Robotics market shows the market size of robotics in industrial and service use cases. In Industrial Robotics, there are six distinct markets:

The Automotive Industry Robotics market
The Chemical Industry Robotics market
The Electric/Electronic Industry Robotics market
The Food Industry Robotics market
The Metal Industry Robotics market
The Other Industry Robotics market

Service Robotics is further split into:

The Commercial Service Robotics market, which contains the Agriculture, Logistics, Medical and Other Service Robotics markets
The Consumer Service Robotics market, which contains the Domestic and Entertainment Robotics markets

Additional information:

Data includes revenues, volume, and the average price per newly installed robot. It also examines the level of automation, the share of collaborative robots, and investment in robotics, as well as a list of the key players in the market and their consolidated revenues. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Industrial Robotics does not include software revenues, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them. For Service Robotics, software revenues are considered, as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Kuka, ABB, Boston Dynamics, and Yaskawa Electric Corporation.

For more information on the data displayed, use the info button right next to the box.

Industrial Robotics
Service Robotics

robots not programmable in two or more axes
robots with no degree of autonomy

The robotics market in Belgium is experiencing mild growth, influenced by factors such as increasing adoption of automation technologies, rising demand for efficient and cost-effective solutions, and the convenience offered by service robotics. Additionally, the growth is driven by the advancements in industrial robotics, which are being adopted by various industries to improve productivity and efficiency. However, the market growth is also impacted by challenges such as high initial costs and concerns about job displacement.

Customer preferences: The Robotics Market in Belgium has seen a rise in demand for advanced automation solutions, driven by the need for increased efficiency and cost savings. This trend is further accelerated by the aging population and shortage of skilled labor. Additionally, there is a growing emphasis on sustainability and eco-friendliness, leading to the adoption of robots in sectors such as agriculture, waste management, and renewable energy. These factors highlight a shift towards more advanced and environmentally-friendly technologies in the Belgian Robotics Market.

Trends in the market: In Belgium, the Robotics Market is experiencing a surge in the use of collaborative robots, also known as cobots, in various industries such as manufacturing, healthcare, and logistics. These cobots are designed to work alongside humans, increasing efficiency and safety in the workplace. Additionally, there is a growing trend towards the development of autonomous robots, which can perform tasks without human intervention. This trend is expected to continue in the coming years, with companies investing in research and development to enhance the capabilities of these robots. For industry stakeholders, this trend presents opportunities for increased productivity and cost savings, but also raises concerns about potential job displacement. As the use of robotics becomes more prevalent, it is crucial for companies to carefully consider the impact on their workforce and implement strategies to mitigate any negative effects.

Local special circumstances: In Belgium, the Robotics Market is thriving due to the country's strategic location and highly skilled workforce. With its close proximity to major European markets, Belgium serves as a hub for robotics innovation and production. Additionally, the country's strict regulations on data privacy and security have boosted the adoption of robotics in industries such as healthcare and manufacturing. This unique combination of factors has led to a highly competitive and technologically advanced Robotics Market in Belgium.

Underlying macroeconomic factors: The Robotics Market in Belgium is heavily impacted by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with favorable regulatory environments and strong investment in robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding for research and development. Additionally, the high demand for automation in various industries and the need for efficient and cost-effective production processes are driving the growth of the robotics market in Belgium.

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Despite the frightening, almost Terminator-esque, way the phrase “there are robots everywhere” might sound, the increased use of robotics has been a boon to both consumers and enterprises worldwide. The industrial robot market has seen steady growth across the globe and is expected to continue growing as automation becomes ever more vital to businesses. This stems largely from mechanical automation, reducing production costs and improving efficiency. This increased demand due to greater automation, especially in the United States and Europe, is likely to mean that the price increase per robot unit will remain modest.