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:
Service Robotics is further split into:
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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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
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
Most recent update: Dec 2024
Source: Statista Market Insights
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
The GCC Robotics market is experiencing minimal decline in growth rate, influenced by factors such as increased adoption of digital technologies, rising awareness of robotics, and the convenience of online services. Both Industrial and Service sub-markets contribute to this trend.
Customer preferences: As technology continues to advance, consumers in the GCC and Robotics Market are increasingly seeking automation and efficiency in their daily lives. This has led to a rise in demand for robotics solutions, including smart home devices and automated transportation. Additionally, the aging population in the region has sparked interest in the use of robotics for elder care, driving innovation in this sector. The convergence of technology and demographic shifts is shaping the future of the robotics market in the GCC.
Trends in the market: In GCC countries, the Robotics Market is experiencing a surge in demand for automation solutions across various industries, such as manufacturing, healthcare, and logistics. This trend is driven by the region's push towards digital transformation and increasing investments in advanced technologies. As a result, there is a growing adoption of collaborative robots, AI-powered robotics, and industrial IoT solutions. This trajectory is expected to continue as businesses seek to improve efficiency, reduce costs, and enhance their competitive edge. Industry stakeholders, including manufacturers and service providers, must keep pace with these trends to capitalize on the immense potential of the GCC Robotics Market.
Local special circumstances: In the GCC region, the Robotics market is experiencing significant growth due to the rapid adoption of automation in various industries, such as manufacturing, construction, and healthcare. This is driven by the region's focus on diversifying its economy and reducing its reliance on oil. Additionally, the presence of major global players and government initiatives promoting the use of advanced technologies have also contributed to the market's growth. However, the conservative business culture and strict regulations in some GCC countries may pose challenges for market expansion.
Underlying macroeconomic factors: In the GCC and Robotics Market, macroeconomic factors such as technological advancements, government initiatives, and investments in industrial automation are driving market growth. Countries with supportive regulatory environments and significant investments in robotics and automation are experiencing faster market expansion compared to regions with regulatory barriers and limited industrial funding. Furthermore, the growing demand for automation solutions in various industries, as well as the need for increased efficiency and productivity, are contributing to the growth of the GCC and Robotics Market.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Jan 2025
Source: Statista Market Insights
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