Market Insights Technology Robotics Service Robotics

Commercial Service Robotics - Indonesia

Indonesia

Revenue in the Commercial Service Robotics market is projected to reach US$57.69m in 2024.
Other service robotics dominates the market with a projected market volume of US$38.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -4.85%, resulting in a market volume of US$44.99m by 2029.
In global comparison, most revenue will be generated in the United States (US$4,993.00m in 2024).

Key regions: Italy, Japan, France, United States, China

Market

Region

Region comparison

Currency

Analyst Opinion

The Commercial service robotics market in Indonesia is facing a substantial decline in growth rate due to various factors such as slow adoption of digital technologies, lack of awareness among consumers, and limited convenience offered by online services. However, the growth potential in sub-markets such as Agriculture, Logistics, Medical, and Other service robotics can help drive the overall market forward.

Customer preferences: The rapid growth of e-commerce and online shopping in Indonesia has led to a rising demand for service robotics in the retail and logistics sectors. With the increasing need for contactless delivery and efficient inventory management, businesses are turning to automation solutions to enhance their operations. This trend is further accelerated by the country's large population and urbanization, which calls for innovative and technology-driven solutions to meet the rising consumer demands.

Trends in the market: In Indonesia, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is experiencing a surge in demand for automated solutions in industries such as healthcare, retail, and logistics. This trend is driven by the country's increasing adoption of digital technologies and the need for efficiency and cost-effectiveness. Additionally, there is a growing interest in service robots that can assist with tasks such as cleaning, security, and customer service. This trend is expected to continue as the government encourages investment in automation and companies seek to streamline their operations. The implications for industry stakeholders include the potential for increased productivity, improved customer experiences, and a more competitive market.

Local special circumstances: In Indonesia, the Commercial service robotics market is experiencing significant growth due to the country's large manufacturing sector and increasing demand for automation. The market is also driven by the government's focus on developing smart cities, which has created a favorable environment for service robotics adoption. Additionally, Indonesia's unique geography, with its many islands, presents challenges for logistics and transportation, making service robotics an attractive solution for businesses. Cultural factors, such as the strong work ethic and emphasis on efficiency, also contribute to the demand for service robotics in the country. However, regulatory barriers and lack of awareness about the benefits of service robotics may hinder market growth in Indonesia.

Underlying macroeconomic factors: The growth of the Commercial service robotics market in Indonesia is affected by macroeconomic factors such as government initiatives to promote technological advancements and investments in infrastructure development. Other key factors include the country's stable economic growth, favorable regulatory environment, and increasing demand for automation solutions in various industries. Additionally, the rapid growth of the e-commerce sector and the need for efficient logistics and warehousing solutions are driving the adoption of service robotics in Indonesia.

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.