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
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMalaysia 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
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
Robots are programmable machines engineered to automatically execute complex sequences of actions. They can be controlled by either external devices or built-in control systems. Acting as substitutes for human labor, robots significantly reduce human effort and intervention in industrial settings, ensuring superior performance compared to human workers. The use of robots leads to a notable decrease in errors and waste across various industries. Compared to manual methods, robotic systems excel in precision, power, and operational speed. The advantages of robotics include increased labor productivity, enhanced product quality, greater flexibility, reduction in repetitive manual tasks, improved safety, and enhanced monitoring and removal processes.
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?
Malaysia’s auto industry is currently experiencing a boom, with strong sales figures and a growing reputation for electric vehicles. This surge in production volume necessitates automation to meet these demands efficiently. Robots can perform tasks tirelessly and consistently, 24/7, boosting overall production output and ensuring that manufacturers can meet their growing order books. Additionally, robots can automate tasks that are traditionally labor-intensive, freeing up human workers to focus on more complex or creative aspects of car manufacturing. Manufacturing cars require precision and consistency, areas where robots excel. They can weld parts together, apply paint, and assemble components with greater accuracy than humans, reducing defects and improving overall quality.
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
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- 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 ATTRIBUTES | DETAILS |
|---|---|
| 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 |
|
| 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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