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:
Service Robotics is further split into:
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.
For more information on the data displayed, use the info button right next to the box.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update: Mar 2024
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Aug 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Market Insights
The Robotics market in Southern Asia is facing subdued growth due to factors such as slow adoption of digital technologies, limited awareness, and challenges in service delivery. However, the industrial and service sub-markets have potential for growth with increasing demand for automation and efficiency in various industries. Government initiatives and partnerships with technology companies could drive the market forward.
Customer preferences: As technology continues to advance, consumers in Southern Asia are increasingly seeking innovative robotics solutions for various industries. This trend is driven by the region's growing demand for automation and efficiency in manufacturing and logistics processes. Additionally, with the rise in e-commerce and online shopping, there is a growing need for automated warehouses and fulfillment centers, leading to a surge in demand for robotics in the logistics sector. This shift towards automation is also influenced by the region's aging population and the need for cost-effective solutions for elderly care.
Trends in the market: In Southern Asia, the Robotics Market is experiencing a surge in demand for collaborative robots, also known as "cobots". These robots are designed to work alongside humans, increasing efficiency and safety in manufacturing processes. Additionally, there is a growing trend of using AI and machine learning in robotics, allowing for more advanced and autonomous capabilities. This trend is significant as it allows for greater flexibility and customization in robotic solutions. For industry stakeholders, this trend presents opportunities for growth and innovation, but also raises questions about the potential impact on human jobs. As the use of robotics continues to expand in Southern Asia, it will be important for stakeholders to carefully consider the implications and adapt accordingly.
Local special circumstances: In Southern Asia, the Robotics Market is experiencing significant growth due to the region's high demand for automation in various industries. Countries like India and China are leading the way, driven by their large manufacturing sectors and the need for increased efficiency. Additionally, cultural attitudes towards technology and innovation are favoring the adoption of robotics. However, regulatory barriers and limited access to advanced technology in some countries, such as Pakistan and Bangladesh, are hindering market growth. This diversity in local factors contributes to the unique dynamics of the Robotics Market in Southern Asia.
Underlying macroeconomic factors: The Robotics Market in Southern Asia is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in industrial infrastructure. Countries with favorable regulatory environments and robust investment in robotic technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Moreover, the increasing demand for automation in various industries, including manufacturing, healthcare, and agriculture, is driving the adoption of robotics in the region. Additionally, the growing labor costs and shortage of skilled labor are further fueling the demand for robotics in Southern Asia.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Aug 2024
Source: Statista Market Insights
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights