Service Robotics - Southeast Asia

Revenue in the Service Robotics market is projected to reach US$734.50m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$461.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.26%, resulting in a market volume of US$1.43bn by 2029.
In global comparison, most revenue will be generated United States (US$8.68bn in 2024).

Definition:

The Service Robotics market presents the market size of robotics in service use cases, e.g., commercial service robots or consumer service robots. Service robots are intended for personal or professional use and are designed to assist humans in carrying out certain tasks.

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 Commercial Service Robotics and Consumer Service Robotics markets can be found within the Service Robotics market. The Commercial Robotics market is further split into a range of service industries that have the highest adoption of robots. This includes agriculture service robotics, logistics service robotics, medical service robotics, and all other service industries, which are all covered by the Other Industry Robotics market.

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 robot. 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 iRobot.

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

Commercial Service Robotics
Consumer Service Robotics

robots used in industrial use cases

The Service robotics market in Southeast Asia is facing challenges as it experiences a negligible decline in growth rate. Factors such as high costs, limited technical capabilities, and lack of awareness among consumers are impacting the overall market. However, increasing adoption of digital technologies and rising demand for automation in various industries are expected to drive growth in the long term.

Customer preferences: As Southeast Asian countries continue to focus on economic growth and development, the demand for service robotics is on the rise. This can be attributed to the region's aging population and the need for efficient, cost-effective solutions in various industries. With a growing emphasis on automation and digitalization, businesses and consumers are increasingly turning to service robots for tasks such as cleaning, delivery, and customer service. This trend is also fueled by the rising adoption of smart home technology, which includes the use of robotic vacuum cleaners and lawn mowers. As the region becomes more technologically advanced, the demand for service robotics is expected to further increase in the coming years.

Trends in the market: In Southeast Asia, the Service robotics Market within the Robotics Market is experiencing a surge in demand for automation and self-driving technologies in various industries. This trend is driven by the need for increased efficiency, cost reduction, and safety measures. Additionally, there is a growing interest in using service robots in the healthcare sector to assist with tasks such as patient care and disinfection. This trend is likely to continue as the region focuses on digital transformation and the adoption of advanced technologies. Industry stakeholders should keep a close eye on these developments and consider investing in service robotics to stay competitive in the market.

Local special circumstances: In Southeast Asia, the Service Robotics market is experiencing rapid growth due to the region's high demand for automation solutions in industries such as manufacturing, logistics, and healthcare. Additionally, the increasing adoption of smart technologies and the rise of e-commerce are driving the demand for service robotics in the region. Furthermore, countries such as Singapore and Japan have established favorable regulations and policies to support the growth of the service robotics market. In contrast, developing countries like Indonesia and Vietnam are facing challenges in adopting service robotics due to limited infrastructure and low awareness.

Underlying macroeconomic factors: The Service robotics market in Southeast Asia is influenced by macroeconomic factors such as technological advancements, government policies, and investment in research and development. Countries with favorable regulatory environments and strong government support for robotics are expected to experience faster market growth compared to regions with limited government funding and regulatory challenges. Additionally, the increasing demand for automation and efficiency in industries such as manufacturing and healthcare is driving the adoption of service robotics in the region. The growing middle class and urbanization in Southeast Asia are also contributing to the demand for service robotics, as they seek to improve their quality of life and increase productivity.

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.