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Key regions: United States, China, South Korea, Japan, Germany
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
in billion USD (US$)
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
Most recent update: Mar 2024
Source: Statista Market Insights
in percent
Most recent update: Dec 2024
Source: Statista Market Insights
Most recent update: Aug 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
The Robotics Market in Czechia is experiencing average decline due to factors such as slow adoption of digital technologies in the industrial and service sub-markets, low awareness among consumers, and limited convenience offered by online services.
Customer preferences: As Czechia's population continues to age, there is a growing demand for robotics solutions that can assist with daily tasks and provide care for elderly individuals. This trend is driven by the increasing need for personalized and efficient care, as well as the desire for more independence and autonomy among older adults. Additionally, the use of robotics in healthcare is gaining traction, with robotic surgeries and virtual nursing assistants becoming more prevalent. This shift towards advanced technologies in the healthcare sector is also influenced by the country's strong focus on innovation and technological advancements.
Trends in the market: In Czechia, the Robotics Market is experiencing a surge in the adoption of collaborative robots, also known as cobots, in various industries such as automotive, electronics, and healthcare. These robots are designed to work alongside humans, increasing efficiency and reducing human error. Additionally, there is a growing trend towards the use of artificial intelligence in robotics, allowing for more advanced capabilities such as machine learning and predictive maintenance. This trend is expected to continue, with the robotics market projected to grow significantly in the coming years. This presents both opportunities and challenges for industry stakeholders, who must adapt to the changing landscape and invest in new technologies to stay competitive. Furthermore, the rise of automation through robotics could potentially lead to job displacement, requiring companies to address the societal implications and potential retraining of workers.
Local special circumstances: In Czechia, the Robotics Market is thriving due to the country's strong engineering and manufacturing sector. The desire to automate processes and increase efficiency has led to a high adoption rate of robotics in industries such as automotive and electronics. Additionally, the government's support for research and development in the field of robotics has attracted foreign investment and helped cultivate a robust ecosystem. However, the market is also influenced by strict regulations on data privacy and security, which can impact the development and implementation of advanced robotics solutions.
Underlying macroeconomic factors: The Robotics Market in Czechia is heavily influenced by macroeconomic factors such as technological advancements, government initiatives, and investment in research and development. With a strong economy and supportive policies for innovation, the country has become a hub for robotics companies and startups. Additionally, the increasing demand for automation and efficiency in various industries, such as manufacturing and healthcare, is driving the growth of the robotics market in Czechia. Moreover, the country's strategic location in central Europe and its access to skilled workforce and advanced infrastructure make it an attractive market for global robotics players.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
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.The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.
Source:
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Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)