Robotics - France

France

Revenue in the Robotics market is projected to reach US$1.74bn in 2024.
Service robotics dominates the market with a projected market volume of US$1.36bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.94%, resulting in a market volume of US$2.67bn by 2029.
In global comparison, most revenue will be generated in the United States (US$9,421.00m in 2024).

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.

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Market

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Currency

Analyst Opinion

The Robotics market in France has seen a negligible decline in growth, influenced by factors such as slow adoption of industrial and service robotics, lack of awareness among consumers, and limited convenience offered by online services. However, with increasing investments and technological advancements, the market is expected to witness significant growth in the coming years.

Customer preferences: As the use of robotics in various industries continues to grow in France, there is a notable shift towards more advanced and specialized robots. This trend is driven by the increasing demand for automation and efficiency in industries such as manufacturing, healthcare, and agriculture. This shift is also influenced by the aging population and the need for robotics to assist with tasks that require physical strength and precision. Additionally, there is a growing interest in collaborative robots, or cobots, which can work alongside humans to improve productivity and safety in the workplace.

Trends in the market: In France, the Robotics Market is experiencing a surge in collaborative robots, also known as cobots, which are designed to work alongside humans to increase efficiency and safety in industrial settings. These cobots are equipped with advanced sensors and artificial intelligence, making them more adaptable and easier to program. This trend is expected to continue as companies look for ways to optimize their production processes and reduce costs. Additionally, there is a growing focus on developing robots for non-industrial applications, such as healthcare and agriculture, indicating a shift towards a more diverse and innovative robotics market in France. This trend has significant implications for industry stakeholders, as it presents new opportunities for growth and collaboration. It also highlights the need for continuous innovation and investment in research and development to stay competitive in the rapidly evolving robotics market.

Local special circumstances: In France, the Robotics Market is driven by the country's strong industrial base and advanced manufacturing capabilities. The presence of major players such as Airbus and Renault has created a favorable environment for the growth of the market. Additionally, the government's focus on promoting innovation and investing in research and development has further boosted the adoption of robotics in various industries. Furthermore, French cultural values, such as a strong work ethic and a focus on precision and quality, have contributed to the country's reputation for producing high-quality and reliable robotic systems.

Underlying macroeconomic factors: The Robotics Market in France is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in research and development. France has a strong economy and a supportive regulatory environment, which has led to a high adoption rate of robotics technology in various industries. Additionally, the country's aging population and the need for automation in manufacturing and logistics are driving the demand for robotics solutions, further contributing to market growth. Moreover, the increasing focus on sustainable and efficient production processes is also expected to propel the growth of the robotics market in France.

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.