Robotics - Indonesia

  • Indonesia
  • Revenue in the Robotics market is projected to reach US$183.10m in 2024.
  • Service robotics dominates the market with a projected market volume of US$137.90m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 14.79%, resulting in a market volume of US$365.00m 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

 
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Analyst Opinion

The Robotics market in Indonesia is experiencing subdued decline in growth rate, impacted by factors such as slow adoption of digital technologies in the industrial and service sectors, limited health awareness, and lack of convenience in online services.

Customer preferences:
As Indonesia's economy continues to grow and its population becomes more tech-savvy, there is a growing demand for advanced and automated solutions in the Robotics Market. This trend is driven by the need for efficiency and productivity in various industries, such as manufacturing, healthcare, and agriculture. Additionally, the rise of e-commerce and the increasing use of drones for delivery services have also contributed to the demand for robotics technology in the country. As a result, there is a growing focus on developing and implementing cutting-edge robotics solutions to meet the changing needs of Indonesian consumers.

Trends in the market:
In Indonesia, the Robotics Market is experiencing a surge in demand for automated solutions across various industries. With the rise of Industry 4.0 and the need for increased efficiency and productivity, there is a growing trend towards adopting robotics and automation in manufacturing, logistics, and healthcare sectors. This trend is expected to continue in the coming years, with the government's focus on developing the country's robotics industry. This presents significant opportunities for stakeholders, including local manufacturers, technology providers, and investors. Moreover, it could also lead to potential implications, such as job displacement and the need for upskilling the workforce to adapt to the changing landscape of work.

Local special circumstances:
In Indonesia, the Robotics Market is experiencing rapid growth due to the country's increasing focus on automation and digitalization. This is driven by Indonesia's large population, which creates a demand for labor-saving technologies. Additionally, the government's initiatives to promote the adoption of advanced technology, such as Industry 4.0, have further fueled the growth of the Robotics Market in Indonesia. Moreover, the country's unique geographical landscape, with its vast archipelago and diverse terrains, presents specific challenges and opportunities for the Robotics Market. Additionally, Indonesia's rich cultural heritage and traditions also play a significant role in shaping the market dynamics, with local preferences and needs influencing the development and adoption of robotics technology.

Underlying macroeconomic factors:
The Robotics Market in Indonesia is heavily influenced by macroeconomic factors such as technological advancements, government policies and investments, and the overall economic health of the country. As Indonesia continues to experience rapid economic growth and modernization, there is a growing demand for automation and robotics solutions across various industries. Additionally, the government's efforts to promote the adoption of advanced technologies and create a conducive business environment further contribute to the growth of the Robotics Market in Indonesia. The increasing focus on improving efficiency and productivity through automation, coupled with the country's large population and growing middle class, make Indonesia a promising market for robotics companies.

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
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