June 21, 2024
Philippines Robot as a Service Market

Philippines Robot as a Service Market is boosted by adoption of Industrial Automation

The Philippines Robot as a Service Market, which allows companies to lease fully operational robots rather than purchasing them, has seen significant adoption in recent times as industrial automation has become imperative. The Robot as a Service model provides on-demand access to industrial robotics technology and comes with benefits such as reducing upfront capital costs and operational expenses.

Robots are being increasingly used in the Philippines for a variety of industrial activities such as material handling, assembly, packaging, palletizing, and inspection across various industry verticals including automotive, electronics, food & beverages, plastics & polymers, and healthcare. The leasing service offers flexibility to companies to scale robotics programs according to production needs.

The Global Philippines Robot As A Service Market Size is estimated to be valued at US$ 298.9 Mn in 2024 and is expected to exhibit a CAGR of 17.% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the Philippines Robot as a Service are Anthropic, GreyOrange, ASTI, AutoX Technologies, UBTech Robotics and Among Others. The adoption of robots is increasing in the country due to growing labor costs and shortage of labor. Additionally, the increasing demand from industries such as automotive, electronics, food processing are also fueling market growth. Further, expansion of global robotics players in Philippines is also projected promote the RaaS market in the country.

Market Key Trends

One of the major trends in the Philippines Robot as a Service market is collaborative robots. Collaborative robots are gaining popularity as they can work closely with humans without safety precautions. This has increased their adoption in SMEs. Another trend is mobile robots which include tractors, autonomous guided vehicles and robots with omnidirectional wheels. These robots can navigate autonomously and are suitable for facilities where space is limited. Their adoption is growing for applications like warehousing, pick and place etc.

Porter’s Analysis

Threat Of New Entrants: The threat is low as this is an emerging industry and requires high capital investments and technology.

Bargaining power of buyers: The bargaining power of buyers is moderate since there are several players offering various services.

Bargaining power of suppliers: Suppliers have low bargaining power due to availability of substitute raw materials and components.

Threat of new substitutes: The threat is moderate as new technologies can disrupt the industry.

Competitive rivalry: Competition is intense as companies are focused on automation and new product innovation.

Geographical Regions

The Philippines robot as a service market in terms of value is concentrated in Manila metropolitan area as it is the most technologically advanced and capital city which is adopting robotics extensively in factories, warehouses, hospitals and other commercial establishments.

The Northern Luzon region comprising Baguio, Pangasinan, La Union and other provinces is emerging as the fastest growing region for Philippines robot as a service market driven by investments in new manufacturing and logistics hubs leveraging robotics. The growth is also supported by establishment of robotics research centers and startups collaborating with local industries.

What Are The Key Data Covered In This Philippines Robot as a Service Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Philippines Robot as a Service’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Philippines Robot as a Service and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Philippines Robot as a Service Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Philippines Robot as a Service vendors

FAQ’s

Q.1 What are the main factors influencing the Philippines Robot as a Service?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Philippines Robot as a Service companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Philippines Robot as a Service’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it