Robotics - Mexico

  • Mexico
  • in Mexico, a country with a rich history and vibrant culture, is expected to witness a significant growth in the Robotics market.
  • In 2024, the projected revenue for this market segment is estimated to reach €460.90m.
  • Among the various sub-segments, Service robotics is expected to dominate, with a projected market volume of €271.60m in the same year.
  • Furthermore, the revenue in the Robotics market is anticipated to exhibit a steady annual growth rate (CAGR 2024-2028) of -0.12%.
  • This growth trajectory is expected to result in a market volume of €458.70m by the year 2028.
  • When comparing Mexico's revenue in the Robotics market to other countries globally, it is worth noting that in the United States is expected to generate the highest revenue.
  • In 2024, the projected revenue for the United States is estimated to be a staggering €7,275.00m.
  • This signifies the dominant position of the United States in the global Robotics market.
  • As in Mexico continues to develop and invest in the Robotics market, it is poised to make significant contributions to the overall growth and development of this market segment.
  • The projected revenue and market volumes demonstrate the potential for Mexico to become a key player in the Robotics market industry.
  • Mexico is experiencing a surge in the adoption of robotics in industries such as automotive manufacturing, agriculture, and healthcare.

Key regions: United States, China, South Korea, Japan, Germany

 
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Analyst Opinion

The Robotics market is shaped by various trends, e.g., the Industrial Internet of Things, mobile autonomous robots, collaborative robots, and/or open-source software. In addition, trending topics such as 5G, edge computing, and smart mobility influence the market.

Especially artificial intelligence (AI) is boosting further innovation in the field of automation. AI in robotics is becoming more sophisticated, and the use of self-learning robots are becoming more popular. In addition to that, the possibility to collect and analyze data from intelligently automated processes allows manufacturers and service providers to make data-driven decisions.

Furthermore, the COVID-19 pandemic has left some sectors struggling to fill job vacancies. Robot solutions can also partially compensate for these deficits or assist the remaining employees, for example, in retail or hospitality, that have been faced with challenges due to staff shortages.

The trend of simplification is another driver of the Robotics market. With decreasing implementation efforts, robotics is also gaining importance in industries that have not used robots in the past. Robot manufacturers try to make their products easier to use by providing holistic offerings, i.e., bundling hardware packages with software solutions, which facilitates easier implementation of autonomous setups.

With all these trends driving the Robotics market, it is expected to continue growing in the future, resulting in positive revenue growth rates in the forecast period.

Methodology

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Vue d’ensemble

  • Revenue
  • Key Players
  • Volume
  • Collaborative Robots
  • Price
  • Autonomous mobile robots
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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