Robotics - United Arab Emirates
- United Arab Emirates
- Revenue in the Robotics market is projected to reach US$213.50m in 2024.
- Service robotics dominates the market with a projected market volume of US$197.20m in 2024.
- Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.02%, resulting in a market volume of US$360.10m 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
Analyst Opinion
The Robotics market in United Arab Emirates is facing a considerable decline in growth rate, affected by factors such as sluggish economy, limited government initiatives and high costs of implementation. Nevertheless, the market continues to grow driven by increasing demand for automation and efficiency in both Industrial and Service sub-markets.
Customer preferences: Rapid advancements in technology and increasing automation in industries are driving the demand for robotics in the United Arab Emirates. With a growing young population and rising disposable incomes, consumers are more open to adopting innovative solutions in their daily lives. This has led to a rise in the use of robots for household chores, as well as in sectors such as healthcare and education. Furthermore, the current COVID-19 pandemic has accelerated the acceptance of robotics in the country, as it offers contactless and efficient solutions.
Trends in the market: In the United Arab Emirates, the Robotics Market is experiencing a surge in the adoption of collaborative robots, also known as cobots, in various industries. These robots are designed to work alongside humans, increasing efficiency and reducing the risk of workplace injuries. With the rise of automation and artificial intelligence in the country, there is a growing trend towards the use of intelligent robots for tasks such as logistics, manufacturing, and healthcare. This trend is expected to continue, with the potential to transform the way businesses operate and improve overall productivity. However, it also raises concerns about job displacement and the need for upskilling workers to adapt to this new technology. Industry stakeholders must keep a close eye on these trends and their implications to stay competitive in the rapidly evolving Robotics Market in the UAE.
Local special circumstances: In the United Arab Emirates, the Robotics Market is thriving due to the country's strong government support and investment in emerging technologies. With a highly skilled and educated workforce, the UAE is well-positioned to lead the region in the development and adoption of robotics. Additionally, the country's strategic location as a major trading hub and its diverse population make it a prime market for robotics applications in areas such as logistics, healthcare, and manufacturing. The UAE's progressive regulatory environment and emphasis on innovation also contribute to the growth of the robotics market.
Underlying macroeconomic factors: The growth of the Robotics Market in the United Arab Emirates is heavily influenced by macroeconomic factors such as government initiatives to promote automation and technological advancements in the country. The UAE has a strong economy with a stable fiscal policy, making it an attractive market for robotics companies. Additionally, the country's focus on diversifying its economy away from oil and investing in high-tech industries has further boosted the demand for robotics solutions. Moreover, the rising demand for automation in various sectors, such as manufacturing, healthcare, and logistics, is driving the growth of the Robotics Market in the UAE.
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