Robotics - Central Asia | Statista Market Forecast

Revenue in the Robotics market is projected to reach US$58.55m in 2024.
Service robotics dominates the market with a projected market volume of US$49.41m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.82%, resulting in a market volume of US$102.40m 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.

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Industrial Robotics
Service Robotics

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

The Robotics Market in Central Asia has seen steady growth, driven by factors such as increasing industrialization, growing demand for automation, and the need for efficient and cost-effective solutions. The market is expected to continue its minimal decline growth rate due to factors such as economic instability and limited government support for technological advancements.

Customer preferences: The demand for advanced robotics solutions in Central Asia is on the rise, driven by the region's growing manufacturing sector and increasing automation in industries such as automotive and electronics. This trend is influenced by a shift towards efficiency and cost-effectiveness, as well as a desire for improved safety and precision in production processes. Additionally, cultural values of innovation and modernization are fueling the adoption of robotics technology in the region.

Trends in the market: In Central Asia, the Robotics Market is experiencing a surge in demand for automated solutions in various industries, such as manufacturing, healthcare, and agriculture. This trend is driven by the region's increasing focus on modernizing its industries and reducing labor costs. As a result, there is a growing adoption of collaborative robots, AI-powered systems, and autonomous vehicles. These advancements are expected to streamline operations, improve efficiency, and enable companies to stay competitive in the global market. However, this trend also presents challenges for industry stakeholders, including the need for upskilling and potential job displacement.

Local special circumstances: In Central Asia, the Robotics Market is driven by the region's growing focus on industrialization and modernization. The governments of countries like Kazakhstan, Uzbekistan, and Turkmenistan are investing heavily in robotics and automation to boost their manufacturing and logistics industries. Additionally, the region's unique geographical location, situated between Europe and Asia, makes it a strategic hub for trade and commerce, creating a high demand for advanced robotics solutions. The cultural emphasis on efficiency and productivity also plays a significant role in driving the growth of the Robotics Market in Central Asia.

Underlying macroeconomic factors: The Robotics Market in Central Asia is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with favorable policies and strong investments in robotics technology are experiencing rapid market growth compared to regions with limited government support and funding. Additionally, the growing demand for automation and efficiency in various industries, coupled with the increasing labor costs, is driving the adoption of robotics solutions in Central Asia. Moreover, the region's growing population and urbanization are also creating a demand for advanced robotics applications in areas such as healthcare, logistics, and manufacturing.

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.