Robotics - Qatar | Statista Market Forecast

Revenue in the Robotics market is projected to reach US$49.57m in 2024.
Service robotics dominates the market with a projected market volume of US$45.44m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.04%, resulting in a market volume of US$60.44m 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.

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Industrial Robotics
Service Robotics

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

The Robotics market in Qatar is experiencing moderate growth, influenced by factors such as increasing adoption of automation technologies, growing demand for efficient production processes, and the rise of service-oriented industries. However, the market's growth rate is hindered by factors such as high initial costs and the lack of skilled labor.

Customer preferences: As the demand for automation and efficiency in industries increases, there has been a significant rise in the adoption of robotics technology in Qatar. This trend is driven by the country's focus on diversifying its economy and reducing its reliance on oil and gas. Additionally, cultural values of precision and punctuality have also contributed to the growing acceptance of robotics in various sectors. The use of robotics is also seen as a way to address the country's labor shortage, especially in physically demanding and hazardous jobs.

Trends in the market: In Qatar, the Robotics Market is experiencing a surge in demand for automation solutions, particularly in the manufacturing and logistics sectors. This trend is being driven by the country's efforts to diversify its economy and reduce its reliance on oil and gas. As a result, there is a growing focus on developing advanced robotics and artificial intelligence technologies. This trajectory is significant for industry stakeholders as it presents opportunities for growth and innovation. It also has potential implications for the workforce, as there may be a shift towards more skilled and technical roles in the robotics industry. Additionally, increased automation could lead to improved efficiency and cost savings for businesses.

Local special circumstances: In Qatar, the Robotics Market is experiencing significant growth due to the country's focus on diversifying its economy and reducing its reliance on oil and gas. The government has implemented various initiatives, such as the Qatar National Vision 2030, which aims to develop a knowledge-based economy and promote innovation. This has created a favorable environment for the adoption of robotics technology, particularly in industries such as construction, healthcare, and logistics. Additionally, Qatar's small population and high GDP per capita make it an attractive market for advanced robotics solutions and services.

Underlying macroeconomic factors: The Robotics Market in Qatar is heavily influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. The country's stable economic growth and favorable investment climate have attracted significant foreign investments in the robotics industry. Additionally, Qatar's investments in research and development, as well as its focus on innovation and technology, have created a conducive environment for the growth of the robotics market. Furthermore, the increasing demand for automation in various sectors, such as manufacturing, healthcare, and construction, is also driving the market growth in Qatar.

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.