Robotics - Cambodia

  • Cambodia
  • Revenue in the Robotics market is projected to reach US$4.48m in 2024.
  • Service robotics dominates the market with a projected market volume of US$3.68m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.74%, resulting in a market volume of US$8.91m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$9,421.00m in 2024).

Key regions: United States, China, South Korea, Japan, Germany

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

The robotics market in Cambodia has been experiencing steady growth due to factors such as increasing adoption of automation, rising demand for efficient production, and the convenience offered by service robots. However, the market's growth rate is minimal due to limited access to advanced technology and lack of skilled labor.

Customer preferences:
As Cambodia's economy continues to grow, there has been an increasing demand for automation and efficiency in various industries. This has led to a rising interest in robotics technology, as businesses seek to streamline their operations and increase productivity. Additionally, the younger generation in Cambodia is becoming more tech-savvy and open to embracing new technologies, creating a favorable market for robotics. This trend is expected to continue as the country continues to modernize and integrate technology into daily life.

Trends in the market:
In Cambodia, the Robotics Market is experiencing a surge in demand for automation solutions in various industries, such as manufacturing, healthcare, and logistics. With the government's push towards modernization and technological advancement, there is a growing trend of incorporating robotics and AI technologies in business operations. This trajectory is significant as it not only increases efficiency and productivity but also reduces labor costs. Furthermore, it presents opportunities for industry stakeholders to tap into this emerging market and offer innovative solutions to meet the evolving needs of Cambodian businesses. However, this trend may also lead to job displacement and require upskilling of the workforce, posing potential challenges for the labor market.

Local special circumstances:
In Cambodia, the Robotics Market is still in its nascent stage, with the government recently recognizing the potential of the industry. However, the country's limited technical infrastructure and low technological literacy pose challenges for the market's growth. Moreover, Cambodia's cultural emphasis on agriculture and manual labor may hinder the adoption of robotics technology. Nevertheless, the government's efforts to attract foreign investment and promote STEM education may drive the market's development in the long run.

Underlying macroeconomic factors:
The Robotics Market in Cambodia is greatly influenced by macroeconomic factors such as technological advancements, government policies, and investment in infrastructure 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. Additionally, the increasing demand for automation in various industries and the growing need for efficiency and productivity are driving the adoption of robotics solutions in Cambodia and globally.

Methodology

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.

Overview

  • Revenue
  • Key Players
  • Volume
  • Collaborative Robots
  • Price
  • Autonomous mobile robots
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)