Industrial Robotics - Southeast Asia

Revenue in the Industrial Robotics market is projected to reach US$609.80m in 2024.
Electric/electronic industry robotics dominates the market with a projected market volume of US$369.70m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.45%, resulting in a market volume of US$688.20m by 2029.
In global comparison, most revenue will be generated China (US$1.62bn in 2024).

Definition:

The Industrial Robotics market covers use cases that focus on the design, manufacturing, and deployment of robotic systems for industrial applications. The market encompasses the use of robots and automation technologies in manufacturing processes, assembly lines, and other industrial settings. This is to improve productivity, efficiency, and precision.

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.

The top five industries that use robotics are the automotive, chemical, metal, electronic, and food industries; however, other industries are also implementing various robotics use cases, but not on the same scale as these top five.

Structure:

The Industrial Robotics market is further split into Automotive Industry Robotics, Chemical Industry Robotics, Electric/Electronic Industry Robotics, Food Industry Robotics, Metal Industry Robotics, and Other Industry Robotics.

Additional information:

The market comprises revenues, volume, and the average price per newly installed robot. It also includes the share of collaborative robots, 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. Software revenues are not included, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them.

Key players in the market include ABB, Epson Robotics, Midea Group, and Yaskawa Electric Corporation.

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Automotive Industry Robotics
Chemical Industry Robotics
Electric/Electronic Industry Robotics
Food Industry Robotics
Metal Industry Robotics
Other Industry Robotics

robots used in non-industrial environments

The industrial robotics market in Southeast Asia is experiencing substantial growth, driven by factors like increasing adoption of digital technologies, rising industry awareness, and the convenience of online services. This growth is further fueled by the demand for automation in various sub-markets, leading to a promising future for the overall market.

Customer preferences: As Southeast Asian countries continue to experience rapid industrialization, the demand for industrial robotics is on the rise. This can be attributed to a growing need for automation in manufacturing and production processes to increase efficiency and reduce costs. Additionally, there is a shift towards collaborative robots (cobots) that can work alongside humans, reflecting a preference for safer and more flexible automation solutions. This trend is driven by a younger, tech-savvy workforce and a growing emphasis on work-life balance in the region.

Trends in the market: In Southeast Asia, the Industrial robotics market is experiencing a surge in demand for collaborative robots, also known as cobots, due to their flexibility and cost-effectiveness. This trend is driven by the region's growing manufacturing sector, particularly in industries such as automotive and electronics. Additionally, there is a rising focus on automation and digitalization in the region, leading to increased adoption of industrial robots. This trend is expected to continue, with the market projected to grow at a CAGR of 10.5% from 2021 to 2026. This trend presents opportunities for industry stakeholders to tap into the region's growing market and gain a competitive edge in the global industrial robotics market. It also highlights the need for companies to invest in research and development to enhance the capabilities of their robots and cater to the evolving needs of the Southeast Asian market.

Local special circumstances: In Southeast Asia, the Industrial robotics market is driven by the region's rapidly growing manufacturing sector. Countries like Thailand, Vietnam, and Indonesia have seen a surge in demand for industrial robots due to their low labor costs and increasing investments in automation. Additionally, the region's diverse cultural and regulatory landscape presents unique challenges for industrial robotics companies, such as navigating different labor laws and cultural attitudes towards automation. These factors contribute to the dynamic and evolving nature of the Industrial robotics market in Southeast Asia.

Underlying macroeconomic factors: The Industrial robotics market in Southeast Asia is impacted by macroeconomic factors such as technological advancements, government initiatives, and investment in manufacturing infrastructure. Countries with favorable investment policies and a strong focus on industrial automation are experiencing faster growth compared to regions with limited government support and outdated manufacturing facilities. Additionally, the rising labor costs and the need for increased productivity are driving the demand for industrial robotics solutions to improve efficiency and reduce production costs.

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.