Service Robotics - Africa

  • Africa
  • Revenue in the Service Robotics market is projected to reach US$608.10m in 2024.
  • Commercial service robotics dominates the market with a projected market volume of US$375.10m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.35%, resulting in a market volume of US$1,138.00m by 2029.
  • In global comparison, most revenue will be generated in the United States (US$8,681.00m in 2024).

Key regions: France, United Kingdom, United States, Canada, South Korea

 
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Analyst Opinion

The Service robotics market in Africa is facing subdued decline, influenced by factors such as slow adoption of digital technologies, limited health awareness among consumers, and challenges in providing convenient online services. This has resulted in a slower growth rate compared to other regions.

Customer preferences:
With the rise of automation and the need for efficient and cost-effective solutions, there has been a growing demand for service robotics in Africa. This trend is driven by the continent's rapidly growing population and the need for improved productivity and efficiency in various industries. Additionally, the increasing adoption of smart technology and advancements in artificial intelligence have made service robotics more accessible and user-friendly for consumers in Africa, further driving market growth.

Trends in the market:
In Africa, the Service robotics market is experiencing a surge in demand for drones and unmanned aerial vehicles (UAVs) in various industries such as agriculture, oil and gas, and healthcare. This trend is driven by the need for efficient and cost-effective solutions in remote areas. Additionally, there is a growing adoption of collaborative robots (cobots) in manufacturing and logistics to improve productivity and address labor shortages. These trends are expected to continue, offering significant opportunities for industry players to tap into the continent's emerging robotics market.

Local special circumstances:
In Africa, the Service robotics Market within the Robotics Market is influenced by the unique challenges and opportunities presented by the continent's diverse markets. For example, in South Africa, the market is driven by the increasing demand for automation in the mining industry. In Nigeria, the market is fueled by the growing need for advanced healthcare solutions in the face of an aging population and limited access to healthcare facilities. In Kenya, the market is driven by the government's push for technological innovation and the rise of e-commerce, leading to a demand for automated warehouse and logistics solutions.

Underlying macroeconomic factors:
The Service robotics Market within the Robotics Market is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in research and development. Countries with supportive regulatory frameworks and strong investment in service robotics are experiencing significant market growth, while regions with regulatory hurdles and limited funding are facing slower growth. Furthermore, the rising demand for automation and efficiency in industries such as healthcare, logistics, and manufacturing is driving the adoption of service robotics in Africa.

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.

Overview

  • Revenue
  • Key Players
  • Volume
  • Collaborative Robots
  • Price
  • Autonomous mobile robots
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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