At 26.3% CAGR, the Middle East & Africa Collaborative Robots Market is Projected to be Worth US$ 416.48 million by 2030, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa collaborative robots market was valued at US$ 64.41 million in 2022 and is expected to reach US$ 416.48 million by 2030, registering a CAGR of 26.3% from 2022 to 2030. Advancement in robotics industry and deployment of robotics and advancements in robotics industry are among the critical factors attributed to the Middle East & Africa collaborative robots market expansion.        

In the coming years as machine learning algorithms and other technologies such as neuromorphic chips improvise their capabilities to enable smarter robots, the collaborative robots soon would be able to perform the tasks that only humans can do now, in fact in a better way. These robots will then be able to access a plethora of database and recognize machines, people, and parts, further enabling them to derive critical insights and act upon them. This is anticipated to be a key trend for the collaborative robots over the coming years. In addition, the players in this industry are significantly investing in the development of collaborative robots integrated with artificial intelligence and machine learning. The integration of artificial intelligence in these robots will further enhance the support to the human operators, which will be beneficial for countries with inadequate and expensive labor force.

On the contrary, relatively slow production rate hampers the Middle East & Africa collaborative robot’s market.  

Based on payload, the Middle East & Africa collaborative robots market is segmented into up to 5 kgs, 5-10 kgs, and above 10 kgs. The above 10 kgs segment held 48.5% share of Middle East & Africa collaborative robots market in 2022, amassing US$ 31.27 million. It is projected to garner US$ 190.40 million by 2030 to expand at 25.3% CAGR during 2022–2030. 

In terms of application, the Middle East & Africa collaborative robots market is segmented into assembly, material handling, pick & place, quality testing, packaging, machine tending, welding, and others. The material handling segment held 20.3% share of Middle East & Africa collaborative robots market in 2022, amassing US$ 13.08 million. It is projected to garner US$ 102.35 million by 2030 to expand at 29.3% CAGR during 2022–2030.

Based on type, the Middle East & Africa collaborative robots market is segmented into robotic arm, grippers, welding guns, and others. The robotic arm segment held 51.9% share of Middle East & Africa collaborative robots market in 2022, amassing US$ 33.44 million. It is projected to garner US$ 232.90 million by 2030 to expand at 27.5% CAGR during 2022–2030.

In terms of end user industry, the Middle East & Africa collaborative robots market is automotive, metal & machinery, electronics, pharmaceuticals, food & beverages, logistics, and others. The automotive segment held 29.1% share of Middle East & Africa collaborative robots market in 2022, amassing US$ 18.75 million. It is projected to garner US$ 118.44 million by 2030 to expand at 25.9% CAGR during 2022–2030. 

By country, the Middle East & Africa collaborative robots market has been categorized into the South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 73.7% share of Middle East & Africa collaborative robots market in 2022. It was assessed at US$ 47.48 million in 2022 and is likely to hit US$ 299.06 million by 2030, exhibiting a CAGR of 25.9% during the 2022-2030.      

Key players operating in the Middle East & Africa collaborative robots market are Kuka AG, Yaskawa America Inc, Aubo (Beijing) Robotics Technology Co Ltd, Fanuc Corp, ABB Ltd, Universal Robots AS and Kawasaki Heavy Industries Ltd, among others.  

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