Robotics - Ireland | Statista Market Forecast

Revenue in the Robotics market is projected to reach US$200.40m in 2024.
Service robotics dominates the market with a projected market volume of US$182.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.80%, resulting in a market volume of US$291.70m 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.

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

Industrial Robotics
Service Robotics

robots not programmable in two or more axes
robots with no degree of autonomy

The Robotics Market in Ireland is facing a subdued decline in growth rate, influenced by factors such as limited adoption of industrial and service robotics, lack of awareness among consumers, and the high cost of implementation. However, with advancements in technology and increasing demand for automation, the market is expected to experience significant growth in the near future.

Customer preferences: As Ireland continues to invest in its robotics industry, there has been a noticeable shift in consumer preferences towards more advanced and technologically-driven products. This trend is driven by a growing interest in automation and efficiency, as well as a desire for convenience and improved quality of life. Additionally, demographic shifts towards an aging population have led to a greater demand for robotics in healthcare, with a focus on assisting with daily tasks and providing remote care for the elderly.

Trends in the market: In Ireland, the Robotics Market is experiencing a surge in the adoption of collaborative robots, or cobots, in various industries such as manufacturing, healthcare, and retail. This trend is driven by the need for increased efficiency and productivity, as well as the rising demand for automation in response to labor shortages. With advancements in artificial intelligence and machine learning, these cobots are becoming more sophisticated and versatile, catering to a wider range of tasks. This trend is expected to continue, with the potential to revolutionize the way businesses operate and create new job opportunities in the field of robotics.

Local special circumstances: In Ireland, the Robotics Market is experiencing significant growth due to the country's strong focus on research and development in the technology sector. With a highly skilled workforce and favorable government policies, Ireland has become a hub for robotics startups and innovation. Additionally, the country's strong presence in industries such as pharmaceuticals, medical devices, and food and beverage production has created a demand for automation and robotics solutions. The supportive ecosystem and favorable business climate make Ireland an attractive market for robotics companies looking to expand their presence in Europe.

Underlying macroeconomic factors: The Robotics Market in Ireland is strongly influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. With a growing emphasis on automation and efficiency in industries such as manufacturing and healthcare, Ireland's favorable business environment and skilled workforce make it a prime location for robotics companies. Additionally, the country's strong economic growth and stable political climate create a conducive environment for market growth and innovation in the robotics sector.

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.