Robotics - Slovenia | Statista Market Forecast

Revenue in the Robotics market is projected to reach US$86.48m in 2024.
Service robotics dominates the market with a projected market volume of US$45.15m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 10.16%, resulting in a market volume of US$140.30m 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 Slovenia has been experiencing a minimal decline in growth rate due to factors such as slow adoption of digital technologies, lack of awareness among consumers, and limited availability of online services. However, the market is expected to grow in the future with increasing demand for both industrial and service robotics.

Customer preferences: As the Robotics Market continues to evolve and grow, consumers are increasingly seeking out automation and AI solutions to improve efficiency and productivity in various industries. With the rise of smart factories and the need for cost-effective and streamlined processes, the demand for advanced robotics technology is on the rise. Additionally, there is a growing trend towards the use of collaborative robots, or cobots, in industries such as healthcare and logistics, highlighting the need for safe and efficient human-robot interactions. This shift towards automation is driven by the need for increased productivity and cost savings, as well as the desire for more advanced and customizable solutions.

Trends in the market: In Slovenia, the Robotics Market is seeing a rise in the adoption of collaborative robots, also known as cobots, in manufacturing and industrial settings. These robots are designed to work alongside humans, increasing efficiency and reducing workplace injuries. Additionally, there is a growing trend of using robotics in healthcare, such as surgical robots and assistive robots for the elderly. This trend is expected to continue as the country focuses on increasing automation and improving healthcare services. These developments have significant implications for industry stakeholders, as they can increase productivity and improve the quality of life for citizens. However, there may also be concerns about job displacement and the need for retraining workers to adapt to a more automated workforce.

Local special circumstances: In Slovenia, the Robotics Market is thriving due to the country's long history of manufacturing and engineering excellence. The small size of the market has led to a focus on niche applications, such as custom-built robots for specific industries. Additionally, the country's strong educational system and government support for research and development have contributed to the growth of the robotics industry. However, the market is also facing challenges in terms of limited funding and a shortage of skilled workers, which may hinder its future growth potential.

Underlying macroeconomic factors: The growth of the Robotics Market market in Slovenia 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 support for innovation are experiencing faster market growth compared to those with economic challenges and limited investment in robotics technology. Furthermore, the increasing demand for automation and efficiency across various industries is driving the adoption of robotics solutions, making it a lucrative market for investment and 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.