Thailand Service Robotics Market: Industry Overview (2022-2027) by Component, Environment, Application, and, Region

Thailand Service Robotics Market Overview:

Rapid advances in automation and robotics have transformed both industry and society over the last half-century. Automation and robots were first used to increase efficiency on the manufacturing floor by utilizing simple technologies but nowadays service robotics are utilized in so many sectors. Thailand is no exception to the trend of implementing automation and robotics. The country already has a significant market for robots. Thailand was the second largest market in ASEAN in 2018. Recognizing the importance of automation and robotics, the Thai government set up several policies to encourage the growth of key industries involved in this market. As a result, the utilization of industrial robots in the country is expected to increase over the forecast period.

 

Thailand Service Robotics Market Dynamics:

Training Programs and an increased number of Research Centers for automation and robotics are the key drivers for the growth of the Service Robotics market in this region.

 

Many institutes have given research and development and human resource training to promote the growth of automation and robotics in Thailand. Some colleges also offer specialized programs in robotics and automation engineering. Many Thai academic institutions have been investing time and money to work on automation and robotics. The Regional Center of Robotics Technology (RCRT), part of Chulalongkorn University's Faculty of Engineering is one of Thailand's leading robotics technology and manufacturing research facilities.

 

Growing demand for service robots in healthcare facilities and household applications

 

Thailand's need for service robots has been fueled by the country's older population as well as the country's world-class medical facilities.  The country also provides opportunities for the development of healthcare robots capable of effectively integrating into everyday life. Aside from robots for professional usage, Thailand's growing middle-income population will drive the service robotics market in personal/domestic use, i.e. Robots may handle increasingly basic jobs such as floor mopping, lawn cutting, and vacuum cleaning in the residential sector because paying housekeepers to perform these tasks becomes more expensive. 

 

High Investment in Service Robotics

 

The Thai government has identified service robotics as one of the Eastern Economic Corridor engines. A variety of supporting initiatives on both the demand and supply sides are being implemented in order to create the right ecosystem. Thailand is investing heavily in automation and robotics, which are growing beyond their traditional niches in the automotive and manufacturing industries, while other factors drive the rest of the country toward automation. On the path to an advanced economy under the Thailand 4.0 model, which includes high technology, the public, and private sectors are collaborating to accelerate the growth and development of automation and robotics systems. Thailand's utilization of robots is expected to increase in the next years, owing to the country's leadership in the regional automotive, electronics & electrical appliances, food processing, and medical services industries.

 

Increased demand for Robotics services in various industries

 

Automation & Robotics demand in Thailand is increasing and expected to grow because industries are adopting automation solutions to achieve higher production efficiency in the midst of labor shortages and increased competition. Because of the safety and flexibility, they provide many people with collaborative robots (cobots), which are robots designed to work alongside humans.

 

Increased in Service robotics

Thailand's robotics imports are expected to grow by double digits during the forecast period as manufacturers realize that their potential is dependent on high technology while fighting high labor costs. According to the International Federation of Robotics (IFR2017 )'s World Robotics Report, Thailand is a rising market for industrial robots in Asia, with sales expected to reach 5,000 in 2020.  Thailand is presently ranked 10th in terms of implementing service robotics technology in the local manufacturing sector, with 45 industrial robotic systems per 10,000 workers. The country's dominance in regional production is the primary contributor to Thailand's service robotics market growth.

 

COVID 19 outbreak has encouraged people to use robot service

 

Before Covid, the robot services were used for public screening and temperature measurement, for Providing patients with food and medicine delivery, as well as pulse measurement in a health care facility. A nurse-like robot promotes online communication between a patient and a physician as part of an attempt to prevent infection in the wake of the coronavirus outbreak. These robotic systems Improve safety and hygiene in compliance with Social Distancing policies.

 

Restraint for the Thailand Service Robotics Market

However, concerns such as rising raw material and semiconductor chip prices have hindered the market growth. Furthermore, the high initial investment and maintenance costs have hampered the growth of the service robots market during the forecast period.

 

 

Thailand Service Robotics Market Segment Analysis:

By Component, the software segment is expected to develop at a CAGR of xx percent during the projection period.

 

By Environment, the Aerial segment of the service robotics market is predicted to develop at a high CAGR of XX percent during the forecast period. This is due to the increasing usage of business drones for activities such as agriculture inspection and traffic management, as well as the rising retail price of corporate drones due to drone technology. Reduced costs of Unmanned Aerial Vehicle manufacture, as well as the development of solar panels as a source of power for UAVs, can lower the cost of propulsion technology and accelerate economic growth.

 

The purpose of this research is to provide stakeholders in the industry with a thorough insight into the Thailand Service Robotics market. The study includes an analysis of difficult data in simple language, as well as the industry's historical and current state, as well as anticipated market size and trends. The market report examines all segments of the industry, with a focus on significant players such as market leaders, followers, and new entrants. The report includes a PORTER, and PESTEL analysis as well as the possible influence of microeconomic market determinants. External and internal elements that are expected to have a favorable or negative impact on the market have been examined, providing decision-makers with a clear future vision of the industry. The research also aids in comprehending the Thailand Service Robotics market dynamics and structure by studying market segments and forecasting market size. The research is an investor's guide since it depicts the competitive analysis of major competitors in the Thailand Service Robotics market by product, price, financial situation, product portfolio, growth plans, and geographical presence.

 

 

Thailand Service Robotics Market Scope:

Thailand Service Robotics Market		Market Segmentation
Market Indicators:	Details	by Component	Hardware Software
Historical Data:	2017-2020	by Environment	Aerial Ground Marine
Forecast Period:	2022-2027	by Application	Domestic Medical Field Defense, Rescue, and Security Entertainment, Education, and Personal Public Relation Inspection and Maintenance Logistics Construction and Demolition Marine Research and Space Exploration
Base Year:	2021	by Region	Thailand
CAGR:	XX %
Market Size in 2021:	US $ Mn./Bn.
Market size in 2027:	US $ Mn./Bn.

 

Thailand Service Robotics Market Players

• A.V.K. Thai Ltd.
• ABB Limited
• B-TAC Industrial Automation Co.,Ltd.
• Daifuku (Thailand) Ltd
• E-Merchant Co.,Ltd
• F.A. Tech Co, Ltd
• F.E. ZUELLIG (Bangkok) LTD
• Yamatake (Thailand) Co., Ltd