Singapore Robotics Market Study

Background

Singapore’s robotics market is undergoing a major transformation. Robots are growing beyond the industrial sector and beginning to assume the roles of personal assistants, surgical assistants, delivery vehicles, and autonomous vehicles, among other uses.

Research Objectives

This study served to provide information on Singapore as a country, reasons to enter the Singapore robotics market as well as factors to consider when deciding to enter the market.

Approach

The study was conducted using secondary research as well as 30 in-depth interviews with Decision Makers within the robotics eco-system, which were conducted either through phone or email correspondences.

Findings

It was found that there is strong government support for the robotics industry, but local assistance was needed to navigate due to the time taken and information needed to apply for any of the government schemes. There was also a shortage of manpower as firms found it a challenge to recruit staff, especially skilled technical staff. The Singapore market also served as a gateway to the ASEAN region for many industries due to its location, connectivity, ease of entry, and advantages in the region.

Application

To enter the Singapore robotics market, our client needed to engage a local research or consulting firm to assist it in navigating the various schemes by the government, which would help to ease their entry into the market, shorten the time taken and ensure that it had maximized the benefits from all the different schemes made available. To get customers to adopt the robotics, our client needed to train their lower-skilled staff to be higher-skilled technical staff capable of operating, maintaining and repairing their robotics. Robotics companies should also consider setting a foothold in Singapore, with the eventual aim of expanding to other countries in the region when the opportunity is right.

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