Robotics - Ukraine

Ukraine

Revenue in the Robotics market is projected to reach US$33.43m in 2024.
Service robotics dominates the market with a projected market volume of US$28.27m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 2.56%, resulting in a market volume of US$37.94m 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

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.

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Analyst Opinion

The Robotics Market in Ukraine is seeing significant growth, driven by factors such as increasing adoption of automation, rising demand for efficient manufacturing processes, and the convenience offered by service robots. However, the market's growth rate is impacted by the country's economic decline and political instability, leading to a slower pace of growth.

Customer preferences: The increasing demand for automation in industries such as manufacturing and logistics has led to a rise in the adoption of robotics in Ukraine. This trend is driven by the need for efficient and cost-effective solutions, as well as the shortage of skilled labor in the country. Additionally, the growing focus on precision and accuracy in production processes has also contributed to the popularity of robotics in the market.

Trends in the market: In Ukraine, the Robotics Market is experiencing a surge in demand for automation solutions across various industries, such as manufacturing, logistics, and healthcare. This trend is driven by the need for increased efficiency, cost reduction, and improved productivity. Moreover, the adoption of advanced technologies, such as artificial intelligence and machine learning, is expected to further fuel the growth of the robotics market in the country. Industry stakeholders must stay abreast of these trends and invest in innovative solutions to remain competitive in the market. Additionally, the increasing use of robots in healthcare and education sectors has the potential to bring about significant changes in the way these services are delivered, creating new opportunities for stakeholders.

Local special circumstances: In Ukraine, the Robotics Market is expected to experience significant growth due to the country's highly skilled workforce and its growing technology sector. The government's investments in research and development, along with its favorable policies for foreign investors, are also driving the market. Additionally, the country's strategic location at the crossroads of Europe and Asia makes it an ideal hub for companies looking to expand into the region. However, political instability and corruption have posed challenges for the market's growth in recent years.

Underlying macroeconomic factors: The Robotics Market in Ukraine is greatly impacted by macroeconomic factors such as the country's economic stability, government policies, and investment in technology. As a developing nation, Ukraine has been increasing its investment in research and development, leading to advancements in the robotics industry. Additionally, the country's growing economy and favorable business environment have attracted foreign investments, further driving the growth of the market. Moreover, the increasing demand for automation in various industries, coupled with the country's skilled workforce, has created a conducive environment for the growth of the Robotics Market in Ukraine.

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.