Robotics - Southern Asia

  • Southern Asia
  • Revenue in the Robotics market is projected to reach US$542.90m in 2024.
  • Service robotics dominates the market with a projected market volume of US$373.40m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 9.87%, resulting in a market volume of US$869.20m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$9,421.00m in 2024).

Key regions: United States, China, South Korea, Japan, Germany

 
Market
 
Region
 
Region comparison
 
Currency
 

Analyst Opinion

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.

Methodology

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.

Overview

  • Revenue
  • Key Players
  • Volume
  • Collaborative Robots
  • Price
  • Autonomous mobile robots
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait

Contact

Get in touch with us. We are happy to help.
Statista Locations
Contact Meredith Alda
Meredith Alda
Sales Manager– Contact (United States)

Mon - Fri, 9am - 6pm (EST)

Contact Yolanda Mega
Yolanda Mega
Operations Manager– Contact (Asia)

Mon - Fri, 9am - 5pm (SGT)

Contact Ayana Mizuno
Ayana Mizuno
Junior Business Development Manager– Contact (Asia)

Mon - Fri, 10:00am - 6:00pm (JST)

Contact Lodovica Biagi
Lodovica Biagi
Director of Operations– Contact (Europe)

Mon - Fri, 9:30am - 5pm (GMT)

Contact Carolina Dulin
Carolina Dulin
Group Director - LATAM– Contact (Latin America)

Mon - Fri, 9am - 6pm (EST)