Robotics - Central Africa

Central Africa

Revenue in the Robotics market is projected to reach US$21.43m in 2024.
Service robotics dominates the market with a projected market volume of US$21.43m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.94%, resulting in a market volume of US$28.60m by 2029.
In global comparison, most revenue will be generated in the United States (US$9,421.00m in 2024).

Key regions: United States, China, South Korea, Japan, Germany

Definition:

The Robotics market refers to the industry that encompasses the design, development, manufacturing, and deployment of robotic systems and technologies. It involves the creation of machines that perform tasks autonomously or with minimal human intervention. These machines, also known as robots, mimic human actions and/or perform specialized functions in various sectors. These sectors include manufacturing, healthcare, agriculture, logistics, defense, and entertainment.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Structure:

The Robotics market shows the market size of robotics in industrial and service use cases. In Industrial Robotics, there are six distinct markets:

The Automotive Industry Robotics market
The Chemical Industry Robotics market
The Electric/Electronic Industry Robotics market
The Food Industry Robotics market
The Metal Industry Robotics market
The Other Industry Robotics market

Service Robotics is further split into:

The Commercial Service Robotics market, which contains the Agriculture, Logistics, Medical and Other Service Robotics markets
The Consumer Service Robotics market, which contains the Domestic and Entertainment Robotics markets

Additional information:

Data includes revenues, volume, and the average price per newly installed robot. It also examines the level of automation, the share of collaborative robots, and investment in robotics, as well as a list of the key players in the market and their consolidated revenues. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robots. It is shown in manufacturer prices. Industrial Robotics does not include software revenues, as industrial robots are mostly used with specific software solutions that belong to the company that deploys them. For Service Robotics, software revenues are considered, as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Kuka, ABB, Boston Dynamics, and Yaskawa Electric Corporation.

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

Market

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Analyst Opinion

The Robotics market in Central Africa is experiencing minimal growth, influenced by factors such as limited adoption of digital technologies, low health awareness among consumers, and lack of convenience in accessing online health services. This slow growth rate is also impacted by the sub-markets of Industrial and Service robotics.

Customer preferences: As technology continues to advance, consumers in Central Africa are increasingly interested in incorporating robotics into their daily lives. This trend is driven by a growing desire for convenience and efficiency, as well as a fascination with futuristic technology. Additionally, with the rise of e-commerce and online shopping, there is a growing demand for robotic solutions in the logistics and supply chain sectors. As a result, companies in the robotics market are focusing on developing innovative and user-friendly products to cater to this evolving consumer demand.

Trends in the market: In Central Africa, the Robotics Market is experiencing a surge in demand for automation technology, particularly in the manufacturing and agriculture sectors. This trend is driven by the region's growing economy and increasing investment in modernizing industries. Furthermore, the rise of e-commerce and logistics services has also contributed to the adoption of robotics for efficient and cost-effective operations. As this trend continues, it presents significant opportunities for industry stakeholders to tap into a new market with high growth potential. However, it also poses challenges such as the need for skilled labor and potential job displacement. Overall, the trajectory of this trend points towards a more advanced and competitive market in Central Africa, with the potential to drive economic growth and improve productivity in various sectors.

Local special circumstances: In Central Africa, the Robotics Market is still in its early stages of development, with limited adoption due to economic constraints and lack of technological infrastructure. However, the region's growing population and increasing investments in education and innovation are creating opportunities for growth in the market. Additionally, the unique cultural and regulatory landscape, including government initiatives to promote technological advancement, are shaping the market dynamics and driving demand for robotics solutions in various industries.

Underlying macroeconomic factors: The Robotics Market in Central Africa is greatly impacted by macroeconomic factors, including global economic trends, national economic health, fiscal policies, and other relevant financial indicators. The region's economic stability and growth potential play a crucial role in the market's performance. Favorable economic conditions, such as low inflation rates and stable exchange rates, can attract foreign investments and drive market growth. On the other hand, economic downturns and political instability can hinder market growth and discourage businesses from investing in the region. Moreover, government initiatives and policies that support the development of the robotics industry, such as tax incentives and subsidies, can also have a significant impact on the market's growth.

Methodology

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.