Robotics - Ethiopia

Ethiopia

Revenue in the Robotics market is projected to reach US$10,560.00k in 2024.
Service robotics dominates the market with a projected market volume of US$9,178.00k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.95%, resulting in a market volume of US$16,210.00k 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

Region

Region comparison

Currency

Analyst Opinion

The Robotics Market in Ethiopia is experiencing a slowing growth rate, impacted by factors such as limited technological infrastructure, low awareness of robotics, and the dominance of traditional manufacturing methods. Despite this, the market is expected to see some growth due to government initiatives for industrial automation and increasing demand for service robotics in the healthcare and agriculture sectors.

Customer preferences: As the use of automation technology continues to expand in Ethiopia, consumers are increasingly looking for smart home solutions to improve their daily lives. This trend is driven by a growing middle class and urbanization, which has led to a higher demand for convenience and efficiency. Additionally, with the rise of e-commerce and online shopping, consumers are also seeking robotic solutions for order fulfillment and delivery, highlighting a shift towards a more digitally-driven lifestyle.

Trends in the market: In Ethiopia, the Robotics Market is experiencing a surge in demand for automation solutions in various industries, such as agriculture and manufacturing. This trend is driven by the country's efforts to modernize and increase efficiency in its economy. As a result, there is a growing adoption of advanced robotic technologies, such as drones and autonomous vehicles. Moreover, there is a rising interest in developing indigenous robotics capabilities, which would not only reduce dependency on imports but also foster local innovation. These developments bode well for industry stakeholders, as they open up new growth opportunities and boost the country's competitiveness in the global market.

Local special circumstances: In Ethiopia, the Robotics Market is still in its early stages due to limited technological infrastructure and access to advanced education. However, the government has recently launched the 'Ethiopia Vision 2025' plan, which aims to promote technology and innovation in various sectors, including robotics. Additionally, the increasing number of startups and tech incubators in the country are creating a favorable environment for the growth of the robotics market. Furthermore, the country's low labor costs and large agricultural sector could potentially drive the adoption of robotics in this industry.

Underlying macroeconomic factors: The Robotics Market in Ethiopia is also impacted by macroeconomic factors such as government investments in infrastructure development, technological advancements, and regulatory support. Favorable economic policies and a growing demand for automation in industries such as manufacturing and healthcare are expected to drive market growth. However, limited access to capital and skilled labor, as well as political instability, can hinder market growth. Additionally, the adoption of robotics in agriculture to address labor shortages and improve productivity is also expected to contribute to market 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.