Commercial Service Robotics - Estonia

Revenue in the Commercial Service Robotics market is projected to reach US$56.40m in 2024.
Other service robotics dominates the market with a projected market volume of US$38.45m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -6.73%, resulting in a market volume of US$39.81m by 2029.
In global comparison, most revenue will be generated United States (US$4.99bn in 2024).

Definition:

The Commercial Service Robotics market presents the market size of service robotics in commercial use cases, e.g., medical robots, logistic robots, and agriculture robots.

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.

Additional information:

The market comprises revenues, volume, and the average price per new installed robot. 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 included as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Intuitive Surgical, ABB, and Agrobot.

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

Medical Service Robotics
Logistic Services Robotics
Agriculture Service Robotics
Other Service Robotics

Consumer Service Robotics

The Commercial service robotics market in Estonia is experiencing subdued decline, influenced by factors such as slow technological adoption, limited awareness among consumers, and challenges in integrating service robots into existing industries. Despite this, the market is expected to grow in the coming years, driven by the potential for increased efficiency and cost savings in industries such as agriculture, logistics, and healthcare. Other factors, such as government initiatives and partnerships with technology companies, may also contribute to market growth.

Customer preferences: As technology continues to advance, there is a growing demand for service robotics in Estonia. This is largely driven by the increasing need for automation and efficiency in various industries, such as healthcare, logistics, and agriculture. Additionally, the aging population and shortage of labor have also contributed to the adoption of service robotics. Furthermore, the focus on sustainability and reducing carbon footprint has led to the development of eco-friendly and energy-efficient service robots, further driving their popularity in the market.

Trends in the market: In Estonia, the Commercial service robotics market is experiencing a surge in demand for automated solutions in industries such as hospitality, healthcare, and retail. This trend is expected to continue as businesses seek to streamline operations and reduce labor costs. Additionally, there is a growing focus on incorporating AI and machine learning technologies into service robots, making them more intelligent and efficient. These advancements have significant implications for industry stakeholders, as they will need to adapt to the changing landscape and invest in these technologies to remain competitive in the market.

Local special circumstances: In Estonia, the Commercial service robotics market is growing due to the country's advanced IT infrastructure and high-tech manufacturing capabilities. The government's support for innovation and adoption of robotics in various industries has also played a significant role. Additionally, the country's small size and proximity to other European markets have made it an ideal location for testing and launching new service robotics solutions. The presence of a highly educated workforce and a favorable regulatory environment have also contributed to the market's growth and competitiveness.

Underlying macroeconomic factors: The growth of the Commercial Service Robotics market is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with favorable economic conditions and strong investment in service robotics are experiencing faster market growth compared to regions with economic challenges and limited funding for innovation. Furthermore, the increasing demand for automation and efficiency in various industries, along with the rising labor costs, are driving the adoption of service robotics, leading to market growth.

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.