Robotics - Thailand | Statista Market Forecast

Revenue in the Robotics market is projected to reach US$152.80m in 2024.
Service robotics dominates the market with a projected market volume of US$92.34m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.30%, resulting in a market volume of US$207.40m 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.

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

Industrial Robotics
Service Robotics

robots not programmable in two or more axes
robots with no degree of autonomy

The Robotics Market in Thailand is experiencing slow growth, influenced by factors such as limited adoption of digital technologies, low health awareness among consumers, and the lack of convenience in online services. This is particularly evident in the sub-markets of Industrial and Service robotics. The overall growth rate is negligible due to these factors.

Customer preferences: Consumers in Thailand are increasingly looking for solutions that incorporate advanced robotics technology in their daily lives. This has led to a growing demand for smart home devices and robots that can assist with household chores and daily tasks. Additionally, the rise in e-commerce and online shopping has also sparked interest in robotic delivery services, providing convenience and efficiency for busy consumers. The cultural value of harmony and respect for elders also plays a role in the adoption of robotics for eldercare, as it allows for improved care and support for the aging population.

Trends in the market: In Thailand, the Robotics Market is experiencing a surge in demand for automation and artificial intelligence technologies. This trend is driven by the country's goal to become a regional hub for advanced manufacturing, as well as the need to address labor shortages and increasing labor costs. This trajectory is significant as it not only boosts productivity and efficiency, but also opens up new opportunities for industry players to expand their market share. However, there are potential implications for stakeholders, such as the need for upskilling and reskilling of the workforce to adapt to the changing job landscape. Additionally, there may be concerns about job displacement and the ethical implications of using advanced technologies in the workplace. As such, it is crucial for industry stakeholders to closely monitor and adapt to these trends to stay competitive in the rapidly evolving Robotics Market in Thailand.

Local special circumstances: In Thailand, the Robotics Market is experiencing significant growth due to the country's strategic location as a manufacturing hub and its government's push for Industry 4.0 initiatives. The market is also influenced by the local cultural emphasis on innovation and the country's favorable regulatory environment for robotics companies. Additionally, Thailand's growing aging population and increasing labor costs have also contributed to the adoption of robotics solutions in various industries, such as manufacturing, healthcare, and agriculture.

Underlying macroeconomic factors: The Robotics Market in Thailand is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with favorable business environments and strong investment in robotics technology are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the rise of Industry 4.0 and the increasing demand for automation in various industries are driving the growth of the Robotics Market in Thailand.

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.