Service Robotics - Thailand | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$92.34m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$61.24m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.38%, resulting in a market volume of US$144.60m 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 Thailand is growing at a minimal rate, influenced by factors such as the increasing adoption of automation, rising demand for efficient and cost-effective services, and the convenience offered by robotic solutions. This growth is expected to continue as Thailand embraces digital transformation and invests in advanced robotics technology.

Customer preferences: The demand for service robotics in Thailand has been on the rise due to the increasing preference for contactless services and automation in various industries. With the growing aging population in the country, there is a greater need for assistive robots to support elderly care and improve the quality of life for older adults. Additionally, the ongoing COVID-19 pandemic has accelerated the adoption of service robots in healthcare settings for tasks such as disinfection and delivery of medical supplies, reducing the risk of exposure for healthcare workers.

Trends in the market: In Thailand, the Service robotics Market within the Robotics Market is experiencing a surge in demand for automation and smart technology. The country's aging population and labor shortage have led to a greater need for service robots in industries such as healthcare, hospitality, and retail. This trend is expected to continue as businesses look to improve efficiency and reduce costs. Additionally, the government's initiatives to promote digital transformation and adoption of advanced technologies have further propelled the growth of the service robotics market in Thailand. As a result, industry stakeholders can expect increased investment opportunities and collaborations in the coming years.

Local special circumstances: In Thailand, the Service robotics Market within the Robotics Market is seeing significant growth due to the country's strong manufacturing industry and increasing demand for automation and efficiency. Additionally, Thailand's government has been implementing policies to promote the use of robotics in various sectors, such as agriculture and healthcare. This has led to a rise in the adoption of service robots, particularly in the healthcare and hospitality industries. Furthermore, Thailand's unique cultural emphasis on hospitality and service has also played a role in driving the demand for service robots, as they can provide personalized and efficient services. Additionally, the country's favorable regulatory environment for robotics and automation has further boosted the growth of the Service robotics Market in Thailand.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in Thailand is impacted by macroeconomic factors such as economic growth, government policies, and technological advancements. As the global economy continues to grow, the demand for service robotics is also expected to increase. Additionally, the Thai government's policies to promote the adoption of advanced technologies and investments in infrastructure development are creating a conducive environment for the growth of the service robotics market. Moreover, the rising aging population in Thailand is driving the demand for service robots in various sectors, such as healthcare and eldercare, to improve efficiency and quality of services.

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.