AI Service Robotics - Kenya

  • Kenya
  • The market size in the AI Service Robotics market is projected to reach US$20.52m in 2024.
  • The market size is expected to show an annual growth rate (CAGR 2024-2030) of 25.34%, resulting in a market volume of US$79.58m by 2030.
  • In global comparison, the largest market size will be in the United States (US$2,698.00m in 2024).
 
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Analyst Opinion

The AI Service Robotics Market in Kenya is seeing a surge in growth, driven by factors such as the adoption of AI technologies, increasing health awareness, and the convenience of online services. This elevated growth rate is influenced by the country's focus on expanding its AI Robotics Market within the larger Artificial Intelligence Market.

Customer preferences:
The AI Service Robotics Market in Kenya is seeing a rise in demand for AI-powered agricultural robots, as farmers seek to increase efficiency and reduce labor costs. Additionally, there is an increasing focus on developing customized robotic solutions for specific industries, such as healthcare and manufacturing. This shift is driven by the need for improved accuracy and precision in tasks, as well as the desire for higher productivity and cost savings.

Trends in the market:
In Kenya, the AI Service Robotics Market is seeing a growth in the use of AI-powered robots in the agriculture and healthcare sectors. These robots are being used for tasks such as crop monitoring and disease diagnosis, making farming and healthcare more efficient and cost-effective. Additionally, there is a trend towards the development of locally-made AI robots, which can lead to job creation and economic growth. This trend has significant implications for industry stakeholders, as it presents opportunities for collaboration and investment in the development of AI technology in Kenya.

Local special circumstances:
In Kenya, the AI Service Robotics Market is influenced by the country's growing tech-savvy population and government support for technology adoption. The market is also driven by the need for efficient and cost-effective solutions in industries such as agriculture and healthcare. Additionally, Kenya's favorable business environment for startups and investments in infrastructure development has contributed to the growth of the AI Service Robotics Market.

Underlying macroeconomic factors:
The AI Service Robotics Market of the AI Robotics Market within the Artificial Intelligence Market is primarily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with favorable regulatory environments and strong investment in AI technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding for research and development. Additionally, the increasing adoption of AI in various industries, such as healthcare, manufacturing, and transportation, is driving the demand for service robots, as they offer improved efficiency and cost-effectiveness.

Methodology

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.

Overview

  • Market Size
  • Value
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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