Vietnam industrial robotics market projected to grow 12.88% annually through 2031

Vietnam's industrial robotics market is expected to achieve a compound annual growth rate (CAGR) of 12.88% between 2026 and 2031. The market was valued at approximately $112 million in 2025.

Data presented at the GRECO 2026 exhibition in Ho Chi Minh City indicates significant potential for expansion. Vietnam currently has an estimated 23 to 58 industrial robots per 10,000 manufacturing workers, a figure notably lower than Thailand's 84 and Malaysia's 101. Additionally, the country's smart factory market, valued at over $926 million in 2025, is projected to reach $2.14 billion by 2034 as digitalization accelerates.

To support this growth, AICAP Group JSC has launched a strategic cooperation initiative with the China Robot Industry Development Alliance (CDRA), Hong Kong-based AIBRAIN, and Ho Chi Minh City University of Technology (HUTECH). This partnership aims to build a localized robotics ecosystem in Vietnam by focusing on technology transfer, industrial applications, and workforce training.