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:
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
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:
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
The Robotics Market in Canada is facing a negligible decline in growth rate, influenced by factors such as slow adoption of digital technologies, limited health awareness among consumers, and challenges in accessing online health services. This trend is seen in both Industrial and Service robotics sub-markets.
Customer preferences: As the use of robotics technology continues to expand in Canada, consumers are increasingly looking for solutions that can improve efficiency and productivity in their daily lives. This has led to a growing demand for smart home devices and personal robots that can assist with household tasks and provide companionship. Additionally, with an aging population and changing demographics, there is a growing interest in healthcare robotics, particularly for elder care and remote patient monitoring. This shift towards using robotics for domestic and healthcare purposes is driven by the desire for convenience and improving quality of life.
Trends in the market: In Canada, 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 various industries. As for trajectory, the market is expected to witness significant growth in the coming years, with a projected CAGR of 25% from 2021 to 2026. This trend is significant as it highlights the shift towards automation and the need for more advanced and flexible robots. It also has implications for industry stakeholders, as they will need to adapt to this changing landscape and invest in training and technology to stay competitive.
Local special circumstances: In Canada, the Robotics Market is seeing significant growth due to the country's strong manufacturing industry and high adoption of automation technologies. Additionally, Canada's supportive government policies and investment in research and development have fostered a thriving robotics ecosystem. This has led to the emergence of innovative solutions in industries such as healthcare, agriculture, and logistics. Furthermore, Canada's proximity to the United States has enabled companies to easily access the North American market, making it an attractive location for robotics companies looking to expand globally.
Underlying macroeconomic factors: The Robotics Market in Canada is heavily impacted by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with favorable regulatory environments and strong investment in robotics technology are experiencing faster market growth compared to regions with regulatory challenges and limited funding for innovation. Additionally, the increasing demand for automation in various industries and the need for cost-effective solutions are driving the growth of the robotics market in Canada.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update:
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:
Source: Statista Market Insights