AI Robotics - Africa | Statista Market Forecast

The market size in the AI Robotics market is projected to reach US$558.20m in 2024.
The market size is expected to show an annual growth rate (CAGR 2024-2030) of 25.53%, resulting in a market volume of US$2.18bn by 2030.
In global comparison, the largest market size will be United States (US$5.64bn in 2024).

Definition:

Artificial intelligence robotics refers to the field that combines artificial intelligence (AI) and robotics and aims to develop intelligent machines capable of performing tasks autonomously. These robots are equipped with AI algorithms and techniques that enable them to perceive, learn, reason, and make decisions in real time. By integrating AI into robotics, these intelligent machines can adapt to dynamic environments, interact with humans, and carry out complex tasks. These developments pave the way to a wide range of applications in areas such as manufacturing, healthcare, exploration, and assistance, with the goal of enhancing efficiency, productivity, and human-machine collaboration.

Structure:

The Artificial Intelligence (AI) Robotics market consists of two components. One of them is AI Service Robotics, which includes the development, manufacturing, and deployment of robotic systems designed for consumer-facing applications. The other one is AI Industrial Robotics, which encompasses the development, manufacturing, and deployment of autonomous machines and robotic systems for use in industrial settings, such as manufacturing plants, warehouses, and logistics operations.

Additional Information:

The market comprises two key performance indicators: market sizes and market sizes by industry. Market sizes are generated by the funding amount of Artificial Intelligence (AI) Robotics companies. Key players of the market include companies such as Boston Dynamics, ABB, and Fanuc.

For more information on the data displayed, use the info button right next to the boxes.

Service robots such as social robots, cleaning robots
Industrial robots such as collaborative robots, automated guided vehicles

Non-artificial Intelligence applications of process automation, such as batch processing and scheduling, which do not involve machine learning or cognitive automation.

The AI Robotics market in Africa is experiencing rapid growth due to increasing adoption of digital technologies, rising health awareness, and the convenience of online services. The market's elevated growth rate is driven by advancements in AI Service and Industrial Robotics, making them more accessible and cost-effective for businesses across the region. Factors such as government initiatives and investments in AI technology, as well as the growing demand for automation solutions in various industries, are also contributing to the market's growth.

Customer preferences: In Africa, there is a growing interest in leveraging AI-powered robotics for tasks such as agriculture, healthcare, and transportation. This is driven by a combination of factors, including the need for efficiency and cost savings, as well as the potential to address labor shortages. Additionally, the continent's young and tech-savvy population is increasingly open to adopting new technologies, creating a favorable environment for the growth of the AI robotics market.

Trends in the market: In Africa, the AI Robotics Market within the Artificial Intelligence Market is experiencing a rise in the use of AI-powered chatbots for customer service and support. This trend is driven by the need for cost-effective and efficient customer engagement solutions. Additionally, there is an increasing demand for AI-powered virtual assistants in areas such as healthcare, education, and agriculture. These trends are expected to continue, providing significant opportunities for industry stakeholders to expand their market presence and tap into the growing demand for AI-driven solutions.

Local special circumstances: In Africa, the AI Robotics Market within the Artificial Intelligence Market is experiencing significant growth due to the continent's unique circumstances. With a large and growing population, there is a strong demand for automation and efficiency in industries such as agriculture and manufacturing. Additionally, the lack of infrastructure and skilled labor in certain regions has created a need for advanced robotics solutions. Furthermore, government initiatives and investments in technology are driving the adoption of AI robotics across various sectors.

Underlying macroeconomic factors: The AI Robotics Market within the Artificial Intelligence Market is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in research and development. Countries with strong economic growth, supportive regulatory environments, and significant investments in AI technologies are driving the market growth. Additionally, the increasing demand for automation and the need to improve productivity in various industries are fueling the adoption of AI robotics solutions. However, economic downturns and uncertainties can hinder market growth, as companies may have limited budgets for implementing new technologies.

Data coverage: The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the funding values from different industries for the market.

Modeling approach / Market size:Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use annual financial reports, funding data, and third-party data. In addition, we use relevant key market indicators and data from country-specific associations such as GDP, number of internet users, number of secure internet servers, and internet penetration. This data helps us estimate the market size for each country individually.

Forecasts:In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited to forecast digital products and services due to the non-linear growth of technology adoption. The main drivers are the level of digitalization, the number of secure internet servers, and the revenue of the Public Cloud market.

Additional Notes: The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russian-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the market is updated on an ad-hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Data from the Statista Consumer Insights Global survey is weighted for representativeness.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Artificial intelligence evokes images of supercomputer assistants, machines that can think creatively, and, to some, scenes from their favorite sci-fi movie. The reality, despite not being as futuristic, is not far off from this. AI refers to the ability of a computer or machine to mimic the competencies of the human mind, which often learns from previous experiences to understand and respond to language, decisions, and problems. The market for AI technologies is vast, amounting to around 200 billion U.S. dollars in 2023 and is expected to grow well beyond that to over 1.8 trillion U.S. dollars by 2030.

Artificial intelligence (AI), the technology that allows digital computers or computer-controlled robots to perform tasks more commonly associated with intelligent beings, has been leaping into the limelight following the release of a wide variety of Generative AI models in 2023. The United States, being the largest economy in the world, has a natural advantage. Although human-like androids such as those portrayed in the science fiction movie Blade Runner are still far from reality, applications of AI such as smartphone virtual assistants and industrial robots are already widespread in U.S. society. The industry’s powerful ability to improve efficiency and increase productivity has made it of strategic importance to U.S. industries and government, both of which push the U.S. lead in the AI race.

AI Robotics - Africa

Market Size

Analyst Opinion

Global Comparison

Methodology

Technology

Access more Market Insights on Technology topics with our featured report

Key Market Indicators

Explore more high-quality data on related topic

Artificial intelligence (AI) worldwide - statistics & facts

Explore more high-quality data on related topic

Artificial intelligence (AI) in the U.S. - statistics & facts

Contact

Get in touch with us. We are happy to help.

AI Robotics - Africa

In-Scope

Out-Of-Scope

Artificial Intelligence

Related markets:

Artificial Intelligence: in-depth market analysis

Market Size

Analyst Opinion

Global Comparison

Methodology

Technology

Access more Market Insights on Technology topics with our featured report

Key Market Indicators

Explore more high-quality data on related topic

Artificial intelligence (AI) worldwide - statistics & facts

Explore more high-quality data on related topic

Artificial intelligence (AI) in the U.S. - statistics & facts