Robotics - Uzbekistan

Uzbekistan

Revenue in the Robotics market is projected to reach US$16.02m in 2024.
Service robotics dominates the market with a projected market volume of US$10.47m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 6.29%, resulting in a market volume of US$21.73m 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 Uzbekistan has shown a mild decline in growth rate, influenced by factors such as limited adoption of digital technologies, low awareness of health benefits among consumers, and reliance on traditional health services.

Customer preferences: As technology continues to advance, consumers in Uzbekistan are showing a growing interest in robotics for various purposes. This trend is driven by the desire for convenience and efficiency, as well as the need to minimize physical contact in light of the ongoing pandemic. Additionally, there is a growing focus on incorporating artificial intelligence (AI) and machine learning into robotics to enhance their capabilities and cater to diverse consumer needs.

Trends in the market: In Uzbekistan, the Robotics Market is experiencing a surge in demand for automation solutions across various industries, such as manufacturing, healthcare, and retail. This is driven by the government's push towards modernization and digitalization, as well as the increasing need for efficiency and cost savings. As a result, there is a growing trend of integrating artificial intelligence and machine learning technologies into robotics systems, allowing for more advanced and precise operations. This trend is expected to continue, with potential implications for industry stakeholders, including increased competition and the need for upskilling and reskilling of the workforce to adapt to the changing landscape.

Local special circumstances: In Uzbekistan, the Robotics Market is influenced by the country's geographical location as a landlocked nation with a developing economy. This has led to a focus on automation and robotics in industries such as agriculture and manufacturing, in order to increase efficiency and competitiveness. Additionally, the government has implemented policies to promote the use of robotics in various sectors, such as tax incentives and investment in research and development. These factors have contributed to the growth of the Robotics Market in Uzbekistan, making it a unique market with its own set of opportunities and challenges.

Underlying macroeconomic factors: The Robotics Market in Uzbekistan is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in infrastructure. As the country continues to modernize and invest in its technology sector, the demand for robotics solutions is expected to increase. Additionally, the government's focus on promoting innovation and entrepreneurship is creating a conducive environment for the growth of the robotics market. Furthermore, the rise in automation and the need for efficient and cost-effective solutions in various industries are also contributing to the market's growth in Uzbekistan.

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.