The Latin America, Middle East and Africa Robotics Technology Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.64 billion 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.
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.
The Brazil market dominated the LAMEA Robotics Technology Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $5.64 billion 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.
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.
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.
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
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Robotics Technology Market by Robot Type
Chapter 6. LAMEA Robotics Technology Market by Component
Chapter 7. LAMEA Robotics Technology Market by Application
Chapter 8. LAMEA Robotics Technology Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- 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.
Methodology
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