Blueweave
Saudi Arabia Service Robotics Market

Saudi Arabia Service Robotics Market

Saudi Arabia Service Robotics Market - By Type (Professional Service Robots, Personal Service Robots); By Component (Hardware, Software, Services); By End User (Healthcare, Defense & Security, Agriculture, Logistics, Entertainment), Trend Analysis, Competitive Landscape & Forecast, 2019–2029

  • Published Date: April 2023
  • Report ID: BWC23340
  • Available Format: PDF
  • Page: 200

Report Overview

Increasing operational efficiency and cost savings, shortage of labor and rising demand for services, and increasing preference for smart homes and appliances are projected to propel the expansion of Saudi Arabia service robotics market during the forecast period between 2023 and 2029.

Saudi Arabia Service Robotics Market - Industry Trends & Forecast Report, 2029

Saudi Arabia service robotics market size was estimated at USD 600.23 million in 2022. During the forecast period between 2023 and 2029, the size of Saudi Arabia service robotics market is projected to grow at CAGR of 15.55% reaching a value of USD 1,653.19 million by 2029. Major growth drivers for Saudi Arabia service robotics market include an increasing demand for automation in various sectors, such as healthcare, hospitality, retail, and construction, and an increasing preference for smart homes and appliances. The Saudi Arabian government is promoting the adoption of robotics in various sectors through initiatives such as the National Industrial Development and Logistics Program (NIDLP), the Saudi Vision 2030, and the National Transformation Program (NTP). These initiatives are aimed at reducing the country's reliance on oil and developing a knowledge-based economy, which has led to increased investments in robotics.

The healthcare sector in Saudi Arabia is experiencing a surge in demand for service robots, such as surgical robots, rehabilitation robots, and telepresence robots, owing to the aging population and the need for better healthcare services. The COVID-19 has also accelerated the adoption of service robots in hospitals and clinics for tasks such as disinfection and patient monitoring. Also, the development of advanced robotics technology, such as AI and ML, has led to the creation of more sophisticated service robots that can perform a wide range of tasks. This has increased the demand for service robots in Saudi Arabia, as businesses seek to improve efficiency coupled with the cost-of-service robots has decreased in recent years, making them more accessible to businesses of all sizes. This has led to increased adoption across various sectors in Saudi Arabia. Hence, these aspects are expected to boost the expansion of Saudi Arabia service robotics market during the forecast period.

Saudi Arabia Service Robotics Market

Saudi Arabia Service Robotics Market – Overview

The service robotics market in Saudi Arabia refers to the market for robots that are designed to perform services for humans, either in a professional or personal context. These robots are programmed to perform tasks autonomously or with minimal human intervention and can be used in a variety of industries, such as healthcare, hospitality, retail, construction, and others. Service robots can take various forms, such as humanoid robots, mobile robots, collaborative robots, and drones. They are equipped with various sensors, cameras, and other technologies that enable them to interact with the environment and perform specific tasks efficiently. The service robotics market in Saudi Arabia is experiencing significant growth due to the increasing demand for automation in various sectors and the development of advanced robotics technology.

Saudi Arabia Service Robotics Market

Growth Drivers

Increasing Preference for Smart Homes and Appliances

As the preference for smart homes and appliances continues to grow in Saudi Arabia, the service robotics market is expected to benefit greatly. Consumers are increasingly seeking energy-efficient and convenient solutions for their household tasks, and smart homes and appliances equipped with sensors, cameras, and other technologies offer just that. Service robots such as cleaning robots, security robots, and personal assistants can be integrated into home automation systems, allowing homeowners to control them remotely via connected devices. These robots can perform various tasks, including cleaning and vacuuming, which can save homeowners time and effort. In line with promoting sustainable living and energy efficiency, the Saudi Arabian government has launched various initiatives such as the Saudi Energy Efficiency Center and the Saudi Energy Efficiency Program. As the trend towards smart homes and appliances continues to gain traction, there is expected to be an increase in demand for service robots. This presents a significant opportunity for service robot manufacturers to develop and market products that meet the evolving needs of Saudi Arabian consumers.

Restraints

High Cost of Service Robots Compared to Traditional Labor

Service robots’ higher cost than that of traditional labor may restrain the growth of the service robotics market in Saudi Arabia. While service robots can perform tasks more efficiently and accurately than humans, they are initially expensive to purchase, install, and maintain. This cost may be prohibitive for some businesses and individuals who may prefer to continue using traditional labor.

The lack of skilled personnel to operate and maintain service robots is another challenge that may restrain the growth of the market. The deployment of service robots requires specialized skills and knowledge, and there may be a shortage of trained personnel in Saudi Arabia.

Impact of COVID-19 on Saudi Arabia Service Robotics Market

COVID-19 had both positive and negative impacts on the Saudi Arabia service robotics market. On the one hand, there has been an increased demand for robots that can perform tasks, such as cleaning and disinfecting to prevent the spread of the virus. On the other hand, the pandemic caused disruptions in the global supply chain, resulting in a shortage of components needed for manufacturing robots. This has led to delays in production and delivery of service robots. Furthermore, the economic slowdown caused by the pandemic has led to a decrease in consumer spending, which may have a negative impact on the demand for service robots in the short term.

Saudi Arabia Service Robotics Market

Segmental Coverage

Saudi Arabia Service Robotics Market – By Type

By type, Saudi Arabia service robotics market is bifurcated into Professional Service Robots and Personal Service Robots segments. The professional service robot segment is projected to hold a higher market share during the forecast period. This growth can be attributed to an increasing demand for service robots across various industries, such as logistics, defense, construction, and medical. Furthermore, the adoption of automation and mobility in many sectors has had a significant impact on the market share of the service robotics market. The growth of the professional segment is also driven by rising labor costs due to a lack of skilled labor, increased investments in research and development, and increased awareness of the availability of service robots for industrial automation. Also, the professional service robots include cleaning, security and logistics.

Saudi Arabia Service Robotics Market Size

Saudi Arabia Service Robotics Market – By Component

Based on component, Saudi Arabia service robotics market is divided into Hardware, Software, and Services segments. The software component of service robotics is expected to hold the highest market share as service robots are likely to be designed for specific applications. For example, an AGV (Automated Guided Vehicle) programmed for swarm operations in a factory can also be programmed for food delivery. Delivery drones may need real-time software to operate effectively in different environments. Therefore, the market for software is expected to grow at a higher Compound Annual Growth Rate (CAGR) during the forecast period. The software segment includes programs and algorithms.

Saudi Arabia Service Robotics Market – By End User

Based on end user, Saudi Arabia service robotics market is divided into Healthcare, Defense & Security, Agriculture, Logistics, and Entertainment segments. The automotive sector had the highest share of the market, and it is expected to grow at a faster pace than other segments during the forecast period. This is because of the greater level of automation in the industry, with service robotics being utilized to transport and store goods, leading to time savings and enhanced efficiency.

Competitive Landscape

Major players operating in Saudi Arabia service robotics market include Advanced Electronics Company, Saudi Robotics, Saudi Industrial Development Fund, Taqnia Robotics, Alsalam Aerospace Industries, Al-Majd Company, Arabian Robotics Company, Dallah Albaraka Group, Hajj Robots, Intra Defense Technologies, Saifi Automation, and SAMA Aerospace and Defense. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2022

Base Year – 2022

Estimated Year – 2023

Forecast Period – 2023–2029

Facts Covered

Revenue in USD Million

Market Coverage

Saudi Arabia

Product/ Service Segmentation

Type, Component, End User

Key Players

Advanced Electronics Company, Saudi Robotics, Saudi Industrial Development Fund, Taqnia Robotics, Alsalam Aerospace Industries, Al-Majd Company, Arabian Robotics Company, Dallah Albaraka Group, Hajj Robots, Intra Defense Technologies, Saifi Automation, SAMA Aerospace and Defense

 

By Type

  • Professional Service Robots

  • Personal Service Robots

By Component

  • Hardware

  • Software

  • Services

By End User

  • Healthcare

  • Defense & Security

  • Agriculture

  • Logistics

  • Entertainment

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Service Robotics Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Operational efficiency and cost savings
        2. Shortage of labor and rising demand for services
        3. Increasing preference for smart homes and appliances
      2. Restraints
        1. High cost of service robots compared to traditional labor
      3. Opportunities
        1. Expansion of the service robotics market in new and emerging applications
        2. Collaboration between local and international companies
      4. Challenges
        1. Security and privacy concerns
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Service Robotics Market Overview
    1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
    2. Market Share and Forecast
      1. By Type
        1. Professional Service Robots (cleaning, security, logistics, etc.)
        2. Personal Service Robots (vacuuming, mowing, companion, etc.)
      2. By Component
        1. Hardware
          1. Sensors
          2. Actuators
          3. Processors
        2. Software
          1. Programs
          2. Algorithms
        3. Services
      3. By End User
        1. Healthcare
        2. Defense & Security
        3. Agriculture
        4. Logistics
        5. Entertainment
        6. Others
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Saudi Arabia Service Robotics Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Covid-19 on Saudi Arabia Service Robotics Market
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Advanced Electronics Company
    2. Saudi Robotics
    3. Saudi Industrial Development Fund
    4. Taqnia Robotics
    5. Alsalam Aerospace Industries
    6. Al-Majd Company
    7. Arabian Robotics Company
    8. Dallah Albaraka Group
    9. Hajj Robots
    10. Intra Defense Technologies
    11. Saifi Automation
    12. SAMA Aerospace and Defense
    13. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1.  Qualitative Research
      1.  Primary & Secondary Research
    2.  Quantitative Research
    3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

 

List of Figures

 

Figure 1       Saudi Arabia Service Robotics Segmentation

Figure 2       Saudi Arabia Service Robotics Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Saudi Arabia Service Robotics Market Size, By Value (USD Million), 2019–2029

Figure 5       Saudi Arabia Service Robotics Market Share, By Type, By Value, 2019–2029

Figure 6       Saudi Arabia Service Robotics Market Share, By Component, By Value, 2019–2029

Figure 7       Saudi Arabia Service Robotics Market Share, By End User, By Value, 2019–2029

 

List of Tables

Table 1        Saudi Arabia Service Robotics Market Size, By Value (USD Million), 2019–2029

Table 2        Saudi Arabia Service Robotics Market Share, By Type, By Value, 2019–2029

Table 3        Saudi Arabia Service Robotics Market Share, By Component, By Value, 2019–2029

Table 4        Saudi Arabia Service Robotics Market Share, By End User, By Value, 2019–2029

Table 5        Advanced Electronics Company Overview

Table 6        Advanced Electronics Company Financial Overview

Table 7        Saudi Robotics Company Overview

Table 8        Saudi Robotics Financial Overview

Table 9        Saudi Industrial Development Fund Company Overview

Table 10      Saudi Industrial Development Fund Financial Overview

Table 11      Taqnia Robotics Company Overview

Table 12      Taqnia Robotics Financial Overview

Table 13      Alsalam Aerospace Industries Company Overview

Table 14      Alsalam Aerospace Industries Financial Overview

Table 15      Al-Majd Company Overview

Table 16      Al-Majd Company Financial Overview

Table 17      Arabian Robotics Company Overview

Table 18      Arabian Robotics Company Financial Overview

Table 19      Dallah Albaraka Group Company Overview

Table 20      Dallah Albaraka Group Financial Overview

Table 21      Hajj Robots Company Overview

Table 22      Hajj Robots Financial Overview

Table 23      Intra Defense Technologies Company Overview

Table 24      Intra Defense Technologies Financial Overview

Table 25      Saifi Automation Company Overview

Table 26      Saifi Automation Financial Overview

Table 27      SAMA Aerospace and Defense Company Overview

Table 28      SAMA Aerospace and Defense Financial Overview

Market Segmentation

No data available
No data available

To request a free sample copy of this report, please complete the form below.

We value your investment and offer free customization with every report to fulfil your exact research needs.

Note: Please share the corporate email address for faster response

This website is secure and your personal details are safe.

Frequently Asked Questions (FAQs):

Ans: The software segment is expected to hold the highest market share in the Saudi Arabia Service Robotics Market by component.
Ans: The professional service robots segment is expected to hold a higher market share in the Saudi Arabia Service Robotics Market by type.
Ans: Saudi Arabia Service Robotics Market size was estimated at USD 600 million in 2022.
Ans: Major factors driving the growth of Saudi Arabia Service Robotics Market include increasing operational efficiency and cost savings, shortage of labor and rising demand for services and increasing preference for smart homes and appliances.
Ans: Key players in Saudi Arabia Service Robotics Market include Advanced Electronics Company, Saudi Robotics, Saudi Industrial Development Fund, Taqnia Robotics, Alsalam Aerospace Industries, Al-Majd Company, Arabian Robotics Company, Dallah Albaraka Group, Hajj Robots, Intra Defense Technologies, Saifi Automation, and SAMA Aerospace and Defense.
array(1) {
  ["__ci_last_regenerate"]=>
  int(1732261788)
}