Robotics - Czechia | Statista Market Forecast

Revenue in the Robotics market is projected to reach US$227.70m in 2024.
Service robotics dominates the market with a projected market volume of US$119.30m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.72%, resulting in a market volume of US$315.30m 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 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.

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.