LAMEA Robotics Technology Market

LAMEA Robotics Technology Market Size, Share & Trends Analysis Report By Robot Type, By Component (Hardware, Software, and Service), By Application, By Country and Growth Forecast, 2024 - 2031

Report Id: KBV-26555 Publication Date: January-2025 Number of Pages: 142
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Analysis of Market Size & Trends

The Latin America, Middle East and Africa Robotics Technology Market would witness market growth of 17.5% CAGR during the forecast period (2024-2031).

The Brazil market dominated the LAMEA Robotics Technology Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $5,641.3 million by 2031. The Argentina market is showcasing a CAGR of 19% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 16.4% during (2024 - 2031).

LAMEA Robotics Technology Market

The adoption of robotics in healthcare has seen rapid growth, driven by innovations that improve surgical outcomes, recovery times, and patient care. Hospitals across developed countries have integrated robotic surgical systems, and advancements in telemedicine have made robotic assistance in remote areas more viable. The medical robotics industry is expected to continue expanding as costs decrease and the technology becomes more accessible.

The logistics and warehousing industries are increasingly adopting robotics to address challenges posed by rising e-commerce demand and labour shortages. Companies like Amazon, FedEx, and DHL have heavily invested in automated warehouses and robotic delivery systems. Adoption in this sector is expected to grow rapidly, driven by the demand for faster, more efficient delivery systems and the need to optimize warehouse operations.

In Saudi Arabia, the government’s ambitious plans to invest $147 billion in transport and logistics by 2030 are a game-changer for this market. This substantial investment is expected to drive the adoption of robotics in the logistics and supply chain sectors. Robotics, including autonomous vehicles, drones, and warehouse automation, will enhance operational efficiency, reduce costs, and improve delivery times in the rapidly growing logistics infrastructure. Similarly, the UAE’s focus on healthcare, with 8.4% of its 2022 federal budget allocated to public healthcare and ongoing investments in the sector, is creating vast opportunities for robotics technology, particularly in medical robotics. UAE’s Vision 2040 prioritizes healthcare, translating to more investments in healthcare infrastructure, telemedicine, and robotic-assisted surgeries. Hence, both Saudi Arabia and the UAE’s long-term vision to integrate robotics into key sectors will significantly contribute to the expansion and advancement of this market.

Free Valuable Insights: The Worldwide Robotics Technology Market is Projected to reach USD 279.52 Billion by 2031, at a CAGR of 14.8%

Based on Robot Type, the market is segmented into Traditional Industrial Robots, Cobots, Professional Service Robots, and Other Robot Type. Based on Component, the market is segmented into Hardware, Software, and Service. Based on Application, the market is segmented into Manufacturing, Healthcare, Logistics, Aerospace & Defense, Media & Entertainment, and Other Application. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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List of Key Companies Profiled

  • Kuka AG (Midea Group Co., Ltd.)
  • Hyundai Motor Company
  • SoftBank Robotics Group (SoftBank Group Corporation)
  • ABB Group
  • Amazon Web Services, Inc. (Amazon.com, Inc.)
  • Microsoft Corporation
  • Siemens AG
  • CloudMinds Technology Inc.
  • IBM Corporation
  • Rockwell Automation Inc.

LAMEA Robotics Technology Market Report Segmentation

By Robot Type

  • Traditional Industrial Robots
  • Cobots
  • Professional Service Robots
  • Other Robot Type

By Component

  • Hardware
  • Software
  • Service

By Application

  • Manufacturing
  • Healthcare
  • Logistics
  • Aerospace & Defense
  • Media & Entertainment
  • Other Application

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
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