Malaysia Robotics Market Size By Product (Industrial Robots, Service Robots), End-Use Industry (Automotive, Food And Beverage, Logistics, Electronics, Medical And Healthcare & Region for 2024-2031

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Malaysia Robotics Market Valuation – 2024-2031

The Malaysian robotics market is driven by the government’s strategic initiatives to enhance industrial automation and digital transformation. According to the analyst from Market Research, the Malaysian robotics market is estimated to reach a valuation of USD 419.62 Million over the forecast by subjugating the revenue of USD 129.2 Million in 2024.

The presence of a skilled workforce and robust research and development infrastructure also supports this expansion, making Malaysia a competitive player in the regional robotics landscape. This surge in demand enables the market to grow at a CAGR of 17.50% from 2024 to 2031.

Malaysia Robotics MarketDefinition/ Overview

Think of robots as smart machines designed to do tricky tasks all on their own. They're programmed to handle complex series of actions, taking direction from either external controls or their own internal brains. Basically, they step in where we humans used to work, cutting down on effort and involvement in places like factories, often doing a better job. Using robots can really cut down on mistakes and waste in all sorts of industries. Compared to doing things by hand, robots bring more precision, power, and speed to the table. The cool thing is, robots can boost how much work gets done, improve the quality of what's being made, offer more flexibility, take over those boring repetitive tasks, make things safer, and even get better at monitoring and getting rid of waste.

The Malaysian government, through initiatives like Industry4WRD, supports the growth of this sector by providing incentives and fostering a conducive environment for innovation and adoption of robotics.

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What are the factors that surge the demand for the Malaysia Robotics Market?

The adoption of robotics in the Malaysian market is a driving factor, reflecting the country’s strategic priorities and industrial needs as the Malaysian government’s proactive policies, such as the Industry4WRD initiative, provide a robust framework that encourages the integration of advanced manufacturing technologies, including robotics. These policies offer financial incentives, tax breaks, and grants to businesses adopting automation, thereby reducing the financial burden and encouraging investment in robotics.

Furthermore, the demand for increased productivity and efficiency in various industries, such as manufacturing, healthcare, and agriculture, is a significant driver. Robotics technology enhances operational accuracy, reduces labor costs, and improves production timelines, making it an attractive option for businesses aiming to remain competitive in a global market. addition to advancements in technology, particularly in artificial intelligence (AI), machine learning, and the Internet of Things (IoT), have significantly improved the capabilities and applications of robotics. These technologies enable robots to perform more complex tasks with greater precision and adaptability, thus expanding their use cases and effectiveness in various sectors.

What factors hinder the growth of the Malaysian Robotics Market?

The growth of the Malaysian robotics market faces several significant challenges One of the primary obstacles is the high initial cost of robotics systems, which can be prohibitive for small and medium-sized enterprises (SMEs). The substantial investment required for purchasing, installing, and maintaining advanced robotic solutions often deters businesses with limited capital.

Additionally, there is a notable skills gap in the workforce. Despite increasing focus on robotics in education and training programs, there remains a shortage of highly skilled professionals who can design, operate, and maintain robotic systems. This skills deficiency hampers the effective implementation and utilization of robotics technology in various industries.

Another challenge is the lack of robust infrastructure to support the widespread adoption of robotics. Reliable and high-speed internet connectivity, essential for the operation of modern robotics systems, is still unevenly distributed across the country. This digital divide can limit the deployment of connected and smart robotic solutions, particularly in rural and less developed areas.

Category-Wise Acumens

How does the increasing adoption of Industrial Robots impact the market growth?

According to analysis, the Industrial Robots segment is estimated to hold the largest market share during the forecast period The growth of industrial robots in the Malaysian robotics market is influenced by the Industry4WRD policy, which aims to transform the manufacturing sector by promoting the adoption of advanced technologies, including industrial robots. This policy provides financial incentives, tax breaks, and grants to companies investing in automation, significantly reducing financial barriers and encouraging widespread adoption.

The increasing demand for efficiency and productivity in manufacturing processes is another significant factor. Industrial robots can operate continuously without fatigue, leading to higher output and consistent quality. This is particularly important in high-volume production environments where downtime and variability can be costly. Robots also help in reducing labor costs and addressing labor shortages, which are prevalent issues in the Malaysian manufacturing sector.

Additionally, the presence of a skilled workforce and robust educational infrastructure supports the growth of industrial robotics. Malaysian universities and technical institutions are increasingly offering specialized programs in robotics and automation, creating a pipeline of skilled professionals who can support the deployment and maintenance of robotic systems.

How Automotive segment propel the growth of Malaysia’s Robotics Market?

Wow, Malaysia's car industry is really taking off! Sales are booming, and they're even getting a name for themselves with electric vehicles. To keep up with all the new orders, they're turning to automation. Think about itrobots can work tirelessly, 24/7, making sure they can actually deliver all those cars! Plus, robots can handle the really tough, repetitive jobs, letting people focus on the more interesting stuff. Building cars needs to be super precise, and that's where robots really shine. They can weld, paint, and put everything together with amazing accuracy, meaning fewer mistakes and better cars overall.

Also, Car assembly lines can be dangerous environments, with risks of exposure to toxic fumes, heavy machinery operation, and repetitive strain injuries. Robots can take over many of these high-risk jobs, protecting workers from injuries and fatalities. Additionally, robots can be programmed to perform repetitive tasks with perfect form, eliminating the risk of injury from overuse that human workers can face on an assembly line.

Gain Access to Malaysia’s Robotics Market Report Methodology

Competitive Landscape

The competitive landscape of Malaysia’s robotics market is shaped by a dynamic mix of local and international players, bolstered by robust governmental support and strategic initiatives.

Some of the prominent players operating in Malaysia’s Robotics market include

  • Universal Robots
  • Konica Minolta Business Solutions (M) Sdn. Bhd.
  • FANUC Mechatronics (Malaysia) Sdn. Bhd
  • Epson Malaysia Sdn Bhd
  • IST Robot Sdn Bhd.

Malaysia Robotics Market Latest Developments

 

  • In 2023, Universal Robots launched new models with improved safety features and greater payload capacities, aiming to cater to the growing demand for automation in small and medium-sized enterprises (SMEs). Their initiatives also include partnerships with Malaysian universities to promote robotics education and skill development.
  • In 2022, Konica Minolta has been leveraging its expertise in imaging and data management to integrate robotic process automation (RPA) solutions in Malaysian industries. the company has introduced advanced RPA tools designed to streamline business processes in sectors such as healthcare and manufacturing. Their focus has been on enhancing the efficiency of back-office operations through intelligent automation and collaborating with local tech firms to customize solutions for the Malaysian market.
  • In 2022, FANUC Mechatronics will open a new service center in Malaysia to provide better support and training and collaborate with local industries to facilitate the integration of smart manufacturing solutions.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2021-2031

Growth Rate

CAGR of ~17.50 % from 2024 to 2031

Base Year for Valuation

2024

Historical Period

2021-2023

Forecast Period

2024-2031

Quantitative Units

Value in USD Million

Report Coverage

Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis

Segments Covered
  • Product
  • End-Use Industry
Key Players

Universal Robots, Konica Minolta Business Solutions (M) Sdn. Bhd., FANUC Mechatronics (Malaysia) Sdn. Bhd, Epson Malaysia Sdn Bhd, IST Robot Sdn Bhd.

Customization

Report customization along with purchase available upon request

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Malaysia Robotics Market Infographic

Malaysia Robotics Market, By Category

Product Type

  • Industrial Robots
  • Service Robots

End-Use Industry

  • Automotive
  • Food and Beverage
  • Logistics
  • Electronics
  • Medical and Healthcare
  • Others

Research Methodology of Market Research

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Reasons to Purchase this Report

We'll break down the market using both numbers and deeper insights, looking at different slices based on things like money and even social trends. You'll get market size data (in USD Billion) for every category we look at. We'll also point out which areas and segments are likely to grow the quickest and be the biggest overall. We'll dive deep into each geographic region, seeing how much of the product/service they use and what's influencing the market there. Plus, we'll map out the competition, showing who's on top and how companies have been growing through new products, partnerships, and acquisitions over the last five years. You'll also get detailed company profiles including an overview, insights, product comparisons, and a SWOT analysis for the key players. Expect a look at where the market is now and where it's headed, considering recent changes and what's driving growth, as well as the challenges in both new and mature markets. We'll even give you an in-depth look using Porter's five forces to understand the market from all angles and an inside view of the Value Chain. Finally, we'll explore market dynamics and future growth opportunities. Oh, and you get 6 months of analyst support after the sale!

Customization of the Report

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Pivotal Questions Answered in the Study

The adoption of robots in the various end-user industries such as automotive, food and beverages, electronic consumers, and others is driving the growth of the market.
The major players in the market are Universal Robots, and Konica Minolta Business Solutions (M) Sdn. Bhd., FANUC Mechatronics (Malaysia) Sdn. Bhd, Epson Malaysia Sdn Bhd, and IST Robot Sdn Bhd.
The Malaysian Robotics Market is estimated to grow at a CAGR of ~17.50 % during the forecast period.
The Malaysian Robotics Market was valued at around USD 129.2 USD Million in 2024.

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