Robotics - Southern Africa

Southern Africa

Revenue in the Robotics market is projected to reach US$134.10m in 2024.
Service robotics dominates the market with a projected market volume of US$107.20m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 1.09%, resulting in a market volume of US$141.60m 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 Southern Africa is experiencing steady growth, driven by factors such as increasing industrial automation, growing demand for efficient service robots, and government initiatives promoting technological advancements. However, the minimal growth rate may be impacted by economic instability and limited access to advanced technology and skilled labor in the region.

Customer preferences: There has been a noticeable increase in consumer interest in advanced and automated robotics solutions, particularly in the manufacturing and industrial sectors. This trend is driven by a growing demand for efficiency and precision in production processes, as well as the need to reduce reliance on manual labor. Additionally, there is a growing focus on integrating robotics technology with artificial intelligence and machine learning, as companies look for ways to further optimize their operations.

Trends in the market: In Southern Africa, the Robotics Market is experiencing an increase in the adoption of collaborative robots, also known as cobots. These robots are designed to work alongside humans, enhancing productivity and efficiency in industries such as manufacturing and logistics. This trend is expected to continue, with the market for cobots projected to reach $9.7 billion by 2025. This shift towards collaborative robots is significant as it not only increases productivity but also addresses labor shortages and safety concerns in the workplace. Additionally, it presents opportunities for industry stakeholders to invest in and develop advanced cobot technologies to cater to the growing demand in the region.

Local special circumstances: In Southern Africa, the Robotics Market is influenced by the region's growing technological advancements and increasing investment in automation solutions. The market is also shaped by the unique cultural and regulatory landscape, which favors innovation and encourages the adoption of robotics in various industries. Additionally, the region's diverse geography, with some countries being more developed than others, creates varying levels of demand and opportunities for robotics companies. For example, South Africa's advanced economy and established manufacturing sector drive demand for sophisticated robotics, while in countries like Zambia, there is a growing need for basic automation solutions in agriculture and mining.

Underlying macroeconomic factors: The Robotics Market in Southern Africa is also affected by macroeconomic factors such as technological advancements, government policies, and investment in infrastructure. Countries with supportive regulatory environments and strong investment in robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the rising demand for automation and efficiency in industries such as manufacturing, healthcare, and agriculture is driving the adoption of robotics solutions in the region.

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.