Service Robotics - Burundi | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$312.80k in 2024.
Consumer service robotics dominates the market with a projected market volume of US$228.90k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -13.38%, resulting in a market volume of US$152.50k by 2029.
In global comparison, most revenue will be generated United States (US$8.68bn in 2024).

Definition:

The Service Robotics market presents the market size of robotics in service use cases, e.g., commercial service robots or consumer service robots. Service robots are intended for personal or professional use and are designed to assist humans in carrying out certain tasks.

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 Commercial Service Robotics and Consumer Service Robotics markets can be found within the Service Robotics market. The Commercial Robotics market is further split into a range of service industries that have the highest adoption of robots. This includes agriculture service robotics, logistics service robotics, medical service robotics, and all other service industries, which are all covered by the Other Industry Robotics market.

Additional information:

The market comprises revenues, volume, and the average price per new installed robot. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robot. It is shown in manufacturer prices. Software revenues are included as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Intuitive Surgical, ABB, and iRobot.

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

Commercial Service Robotics
Consumer Service Robotics

robots used in industrial use cases

The Robotics Market in Burundi has been witnessing limited growth, influenced by factors such as low adoption of digital technologies, lack of health awareness among consumers, and limited availability of online services. The Commercial and Consumer service robotics sub-markets are also affected by these factors, leading to negligible overall growth.

Customer preferences: As Burundi's economy continues to grow, there is a rising demand for service robotics in various industries such as healthcare, agriculture, and manufacturing. This trend is fueled by the increasing need for automation and efficiency, as well as the desire for contactless services in the wake of the COVID-19 pandemic. Additionally, there is a growing interest in socially assistive robots for elderly care and companionship, reflecting a shift towards a more technology-driven and aging society.

Trends in the market: In Burundi, the Service robotics Market within the Robotics Market is currently seeing a rise in demand for autonomous robots for healthcare and agricultural purposes. This trend is expected to continue as the country focuses on modernizing its healthcare and agriculture sectors. As a result, industry stakeholders are investing in research and development to improve the capabilities and efficiency of these robots. The implications of this trend include increased productivity, cost savings, and improved quality of services. Furthermore, this trend has the potential to create new job opportunities in the robotics industry in Burundi.

Local special circumstances: In Burundi, the Service robotics Market within the Robotics Market is significantly impacted by the country's limited access to resources and infrastructure. This has led to a focus on cost-effective and efficient solutions, such as robotic automation in agriculture and healthcare. Additionally, Burundi's cultural emphasis on community and collaboration has influenced the development of collaborative robots for small-scale businesses and industries. Regulatory barriers, such as limited government support and funding, also pose challenges for the growth of the Service robotics Market in Burundi.

Underlying macroeconomic factors: The service robotics market in Burundi is heavily influenced by macroeconomic factors such as the country's overall economic health, government policies, and global economic trends. As Burundi continues to recover from years of civil unrest and economic instability, the demand for service robotics is expected to increase. In addition, the government's focus on developing its healthcare infrastructure and promoting technological advancements is likely to drive market growth. However, limited access to capital and funding for research and development may hinder market expansion. Furthermore, the aging population and rising prevalence of chronic diseases in Burundi are expected to create a higher demand for service robotics solutions to improve healthcare outcomes and accessibility.

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.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Despite the frightening, almost Terminator-esque, way the phrase “there are robots everywhere” might sound, the increased use of robotics has been a boon to both consumers and enterprises worldwide. The industrial robot market has seen steady growth across the globe and is expected to continue growing as automation becomes ever more vital to businesses. This stems largely from mechanical automation, reducing production costs and improving efficiency. This increased demand due to greater automation, especially in the United States and Europe, is likely to mean that the price increase per robot unit will remain modest.