Robotics - Estonia

Estonia

Revenue in the Robotics market is projected to reach US$58.49m in 2025.
Service robotics dominates the market with a projected market volume of US$55.62m in 2025.
Revenue is expected to show an annual growth rate (CAGR 2025-2029) of -5.08%, resulting in a market volume of US$47.48m by 2029.
In global comparison, most revenue will be generated in the United States (US$10,450.00m in 2025).

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

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.

For more information on the data displayed, use the info button right next to the box.

Market

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Analyst Opinion

The Robotics market in Estonia is witnessing a subdued decline in growth rate, influenced by factors such as lack of skilled labor, high initial investment costs, and slow adoption of advanced technologies. However, the sub-markets of Industrial and Service robotics hold potential for growth due to increasing automation in industries and rising demand for personalized and efficient services.

Customer preferences: As Estonia continues to invest in advanced technology, consumer demand for robotics solutions is on the rise. This is driven by a cultural preference for efficiency and convenience, as well as a growing interest in automation and AI. Furthermore, with an aging population, there is a growing need for robotics in healthcare and eldercare, with a focus on remote monitoring and assistance. This trend is expected to continue as the country's demographic landscape evolves.

Trends in the market: In Estonia, the Robotics market is experiencing a surge in the adoption of collaborative robots (cobots) due to their versatility and cost-effectiveness. This trend is expected to continue, with the market projected to reach $8.5 million by 2025. This presents opportunities for industry stakeholders to invest in cobot technology and capitalize on the growing demand. Additionally, the use of artificial intelligence (AI) and machine learning in robotics is on the rise, enabling robots to perform complex tasks with greater efficiency and precision. This trend is significant as it allows for increased automation and productivity, reducing labor costs for businesses. It also has implications for the workforce, as the demand for skilled workers in the field of robotics and AI is expected to increase.

Local special circumstances: In Estonia, the Robotics Market is experiencing rapid growth due to the country's strong focus on technology and innovation. With a highly skilled workforce and a supportive government, the market is flourishing. Additionally, the small size of the country allows for easy collaboration between companies and research institutions, leading to the development of cutting-edge robotic solutions. Furthermore, the country's favorable regulatory environment and high level of digitalization make it an attractive market for robotics companies looking to expand their presence in Europe.

Underlying macroeconomic factors: The Robotics Market in Estonia is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with strong economies and favorable government policies are experiencing faster market growth compared to those with weaker economies and limited funding for innovation. Additionally, the increasing demand for automation and the growing adoption of Industry 4.0 technologies are driving the growth of the Robotics Market in Estonia.

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.