Service Robotics - Ghana | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$9.75m in 2024.
Consumer service robotics dominates the market with a projected market volume of US$7.38m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 21.06%, resulting in a market volume of US$25.34m 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 Service Robotics market in Ghana is facing a subdued decline in growth rate due to factors such as slow adoption of digital technologies, limited health awareness among consumers, and a preference for traditional healthcare services. However, the market is expected to experience growth in the future with the increasing demand for online and automated services in both commercial and consumer sectors.

Customer preferences: As the use of service robotics continues to expand in Ghana, there is a growing trend towards integrating these robots into everyday tasks such as household chores and caregiving. This is driven by a desire for convenience and efficiency, as well as an aging population in need of assistance. Furthermore, with the rise of smart homes and connected devices, there is an increasing demand for service robots that can seamlessly integrate into these systems and provide personalized assistance. This trend is also influenced by a cultural emphasis on hospitality and the importance of providing quality service.

Trends in the market: In Ghana, the Service robotics Market within the Robotics Market is experiencing a surge in demand for automation solutions in industries such as agriculture, healthcare, and manufacturing. This is driven by the government's focus on promoting technological innovation and increasing productivity. In addition, there is a growing trend of using drones for mapping and surveillance purposes in the country. These trends have significant implications for industry stakeholders as they present opportunities for cost savings, efficiency improvements, and new business models. However, there may also be challenges in terms of regulatory frameworks and workforce displacement.

Local special circumstances: In Ghana, the Service robotics Market within the Robotics Market is influenced by the country's growing economy and increasing adoption of technology. With a rapidly expanding middle class, there is a demand for advanced and efficient services, leading to the rise of service robots in industries such as healthcare, logistics, and agriculture. Additionally, the government's focus on promoting local manufacturing and innovation is driving the growth of the service robotics market in Ghana.

Underlying macroeconomic factors: The Service robotics market in Ghana is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in infrastructure. Countries with favorable economic conditions and strong investment in robotics technologies are experiencing higher market growth compared to regions with economic challenges and limited funding. Furthermore, the rising demand for automation and efficiency in various industries, coupled with the growing population and labor shortages, are driving the adoption of service robotics in Ghana. This trend is expected to continue as the country continues to invest in technological advancements and improve its economic health.

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.