Robotics - Chad

Chad

Revenue in the Robotics market is projected to reach US$1.05m in 2024.
Service robotics dominates the market with a projected market volume of US$1.05m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 17.58%, resulting in a market volume of US$2.36m 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.

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

Market

Region

Region comparison

Currency

Analyst Opinion

The Robotics Market in Chad is experiencing mild decline, influenced by factors such as limited adoption of digital technologies, low awareness of health benefits, and accessibility issues for online services. The Industrial and Service sub-markets show potential for growth, but face challenges in terms of infrastructure and skilled labor. These factors contribute to the slower growth rate compared to other regions.

Customer preferences: Consumers in the Robotics Market are increasingly drawn towards advanced technologies that offer convenience and efficiency. As a result, there has been a rise in demand for automated systems and smart devices that can perform tasks with minimal human intervention. This trend is driven by the growing need for time-saving solutions in a fast-paced world, as well as the desire for a more connected and streamlined lifestyle. Additionally, the younger generation's affinity for technology and the increasing adoption of smart homes and offices have also contributed to the growth of this market.

Trends in the market: In Chad, the Robotics Market is experiencing a surge in demand for automation and artificial intelligence technologies in industries such as manufacturing, healthcare, and agriculture. This trend is expected to continue as businesses seek to improve efficiency and productivity while reducing costs. Additionally, there is a growing interest in using drones for delivery and surveillance purposes. These developments have significant implications for industry stakeholders, as they will need to adapt to new technologies and find ways to integrate them into their operations. Furthermore, it presents opportunities for growth and innovation in the market, as well as potential challenges in terms of job displacement and regulatory concerns.

Local special circumstances: In Chad, the Robotics Market is still in its nascent stage due to the country's limited technological infrastructure and lack of government support. However, with the rising need for automation in industries such as agriculture and manufacturing, the market is expected to grow in the coming years. Additionally, the country's large youth population and increasing investment in STEM education could also drive the demand for robotics solutions. Moreover, the government's focus on diversifying the economy and reducing dependence on oil revenues could lead to favorable policies and incentives for the growth of the robotics market in Chad.

Underlying macroeconomic factors: The Robotics Market in Chad is also impacted by macroeconomic factors such as technological advancements, government policies, and investment in infrastructure. Countries with supportive policies and significant investments in robotics technology are witnessing a higher growth rate in the market. Additionally, the rising demand for automation and efficiency in industries such as manufacturing, healthcare, and agriculture is driving the adoption of robotics in Chad. Moreover, the country's efforts to diversify its economy and reduce dependence on oil exports have also led to a growing interest in robotics as a means of achieving economic growth and development.

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.