The Malaysia Robotics market is projected to reach 103.1 billion RM (23 billion USD) by 2030, surpassing the set target in the National Robotics Roadmap 2021-2030, according to the Ministry of Science, Technology and Innovation (MOSTI).
Kuala Lumpur (VNA) - The Malaysia Robotics market isprojected to reach 103.1 billion RM (23 billion USD) by 2030, surpassing the set target in theNational Robotics Roadmap 2021-2030, according to the Ministry of Science,Technology and Innovation (MOSTI).
Speaking at a conference held by the Malaysia Robotics and Automation Society (MyRAS), Deputy Secretary-General of MOSTI Mohd Nor Azman Hassan said themarket value of the robotics industry, especially service robots among othersin 2022 was about 92.29 billion RM, despite the detrimental effect of COVID-19towards the economy.
However, he said the disparity of contribution by micro, smalland medium-sized enterprises (MSMEs) compared to multinational corporations(MNCs) needed to beaddressed beforehand.
The MSMEs’ contribution is far less than MNCs with a market share of3-5% over the forecast period, he said.
Meanwhile, MyRAS President Prof. Dr Ishkandar Baharin said NRICR aimsto shift the Malaysian robotics ecosystem from value add to value creation thatis sustainable through high-impact innovative solutions in realising thevision of the National Robotics Roadmap 2021-2030 for Malaysia to become aregional robotics hub in services, agriculture and manufacturing by 2030.
In the same statement, MRANTI chief executiveofficer Dzuܫleira Abu Bakar said it will set up a national robotics hubat MRANTI Park in Bukit Jalil in collaboration with MyRAS, MARiiand other robotics industry players to support the expansion of therobotics ecosystem playe♏rs in Malaysia./.
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Illustrative image (Photo: //luminews.m) 
