Robotics - CIS | Statista Market Forecast

Revenue in the Robotics market is projected to reach US$476.90m in 2024.
Service robotics dominates the market with a projected market volume of US$425.80m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.35%, resulting in a market volume of US$853.80m 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 CIS is experiencing minimal decline in growth rate due to various factors such as slow adoption of digital technologies, limited health awareness, and lack of convenience offered by online services. However, the sub-markets of industrial and service robotics have the potential to drive growth in the overall market.

Customer preferences: As technology advances, consumers are growing more interested in smart home solutions and automation. This trend is driving the demand for robotics in the household sector, with consumers seeking convenience and efficiency in their daily tasks. Additionally, the rise of remote work and virtual learning has led to an increased need for home assistance and educational robots. This shift towards automation is also influenced by the desire for contactless and hands-free options in light of the COVID-19 pandemic.

Trends in the market: In the CIS and Robotics Market, there is a growing trend towards the use of artificial intelligence (AI) and machine learning (ML) technologies. This is driven by the increasing demand for automation and efficiency in industries such as manufacturing, healthcare, and logistics. These technologies are also being integrated into consumer products, such as smart home devices and personal assistants. This trend is expected to continue, with AI and ML applications becoming more sophisticated and widespread. This could have significant implications for industry stakeholders, as it may lead to increased productivity, cost savings, and improved customer experiences. However, it also raises concerns about job displacement and the ethical use of AI and ML in decision-making processes. Overall, the trajectory of this trend is towards a more automated and interconnected world, with both opportunities and challenges for the CIS and Robotics Market.

Local special circumstances: In the CIS region, the Robotics Market is influenced by the region's growing investment in industrial automation and the adoption of advanced technologies in manufacturing. Additionally, the cultural emphasis on precision and efficiency in production has fueled the demand for robotics in industries such as automotive and electronics. Furthermore, favorable government policies and initiatives promoting the use of robots in various sectors have also contributed to the market's growth in this region.

Underlying macroeconomic factors: The growth of the CIS and Robotics Market is also influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with strong government initiatives and investments in robotics and automation technologies are experiencing faster market growth compared to regions with limited government support and technological infrastructure. Additionally, the increasing demand for efficient and cost-effective solutions in industries such as manufacturing, healthcare, and logistics is driving the growth of the robotics market in emerging economies.

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.