South Korea Industrial Robotics Market Size & Outlook
South Korea industrial robotics market, 2018-2030 (US$M)
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South Korea industrial robotics market highlights
- The South Korea industrial robotics market generated a revenue of USD 2,511.9 million in 2023 and is expected to reach USD 4,817.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 9.8% from 2024 to 2030.
- In terms of segment, electrical/electronics was the largest revenue generating end use in 2023.
- Chemical, Rubber, & Plastics is the most lucrative end use segment registering the fastest growth during the forecast period.
Industrial robotics market data book summary
| Market revenue in 2023 | USD 2,511.9 million |
| Market revenue in 2030 | USD 4,817.8 million |
| Growth rate | 9.8% (CAGR from 2023 to 2030) |
| Largest segment | Electrical/electronics |
| Fastest growing segment | Chemical, Rubber, & Plastics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Electrical/Electronics, Metal/Heavy Machinery, Chemical, Rubber, & Plastics, Food |
| Key market players worldwide | ABB Ltd, YASKAWA Electric Corp, Mitsubishi Electric Corp, KUKA Robotics, Fanuc Corp, Denso Corp, Kawasaki Heavy Industries Ltd, OMRON Corp, Nachi Fujikoshi, Stellantis NV |
Other key industry trends
- In terms of revenue, South Korea accounted for 8.3% of the global industrial robotics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China industrial robotics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,449.1 million by 2030.
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Industrial Robotics Market Scope
Industrial Robotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea industrial robotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial robotics market will help companies and investors design strategic landscapes.
Electrical/electronics was the largest segment with a revenue share of 25.33% in 2023. Horizon Databook has segmented the South Korea industrial robotics market based on automotive, electrical/electronics, metal/heavy machinery, chemical, rubber, & plastics, food covering the revenue growth of each sub-segment from 2018 to 2030.
The industrial robotics market in South Korea recorded a market share of 12.5% in 2023. The trend of electrical and electronics industry using robotics for automation of process is expected to drive the growth of the market.
Moreover, after “The Serious Disasters Punishment Act” was implemented in South Korea in 2022, it was observed that manufacturers rushed to adopt robotics and automation in factories to mitigate legal risks associated with workplace injuries.
Furthermore, the country's strong emphasis on technological innovation, government initiatives promoting automation and Industry 4.0 adoption, the need to enhance productivity and efficiency in manufacturing processes, and the continuous advancements in robotics technology driving increased affordability and adaptability of robotic solutions for various industries.
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Our clientele includes a mix of industrial robotics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea industrial robotics market , including forecasts for subscribers. This country databook contains high-level insights into South Korea industrial robotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea industrial robotics market size, by end use, 2018-2030 (US$M)
South Korea Industrial Robotics Market Outlook Share, 2023 & 2030 (US$M)
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