Robotics - Mozambique

Mozambique

Revenue in the Robotics market is projected to reach US$3.02m in 2024.
Service robotics dominates the market with a projected market volume of US$3.02m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.52%, resulting in a market volume of US$4.34m 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.

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Analyst Opinion

The Robotics Market in Mozambique is facing a negligible decline in growth rate due to various factors. These include limited adoption of digital technologies, low health awareness among consumers, and limited convenience offered by online health services. However, the market is expected to see growth in the future as industrial and service robotics sub-markets gain traction and drive overall market growth.

Customer preferences: As Mozambique continues to develop and modernize, the demand for advanced technologies like robotics is on the rise. This can be attributed to a growing interest in automation and efficiency in industries such as manufacturing and agriculture. Additionally, with a young and tech-savvy population, there is a growing preference for innovative and cutting-edge solutions. This trend is expected to continue as the country embraces new technologies to drive economic growth and improve productivity.

Trends in the market: In Mozambique, the Robotics Market is experiencing a surge in demand for automation solutions in industries such as manufacturing and logistics. This trend is driven by the need for increased efficiency and productivity, as well as the desire to reduce costs and improve safety. As technology continues to advance, the trajectory of this trend is expected to continue upwards, with more advanced and sophisticated robotics solutions being adopted. This has significant implications for industry stakeholders, as they will need to invest in training and upskilling their workforce to adapt to this changing landscape. Additionally, there may be potential for new job opportunities in the field of robotics and automation.

Local special circumstances: In Mozambique, the Robotics Market is still in its nascent stage but holds immense potential for growth. The country's strategic location and natural resources make it an ideal hub for robotics companies to establish their operations. However, the lack of skilled labor and limited government support pose challenges for market development. Additionally, cultural perceptions of robotics as a threat to human employment may hinder its adoption. These unique factors shape the market landscape in Mozambique, creating a need for tailored strategies to drive market growth.

Underlying macroeconomic factors: The Robotics Market in Mozambique is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in infrastructure. The country's economic growth and stability, as well as the global economic landscape, greatly impact the demand for robotics solutions. Countries with favorable regulatory environments and strong investments in robotics are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing need for automation and efficiency in various industries in Mozambique is driving the demand for robotics solutions.

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.