Service Robotics - Tanzania | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$7.95m in 2024.
Consumer service robotics dominates the market with a projected market volume of US$6.68m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 28.05%, resulting in a market volume of US$27.35m 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.

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Commercial Service Robotics
Consumer Service Robotics

robots used in industrial use cases

The Service robotics market in Tanzania is facing a negligible decline in growth rate due to factors such as slow adoption of digital technologies, limited health awareness among consumers, and challenges in providing convenient online services. This trend is evident in both the Commercial and Consumer sub-markets.

Customer preferences: As the service robotics market continues to grow in Tanzania, there is a noticeable trend towards the integration of artificial intelligence and machine learning technologies. This is driven by the increasing need for automation and efficiency in various industries, including healthcare, agriculture, and manufacturing. Additionally, there is a growing demand for personalized and interactive customer service experiences, leading to the development of advanced service robots that can understand and respond to human emotions. This shift towards more advanced and intelligent service robots is also influenced by the country's growing tech-savvy population and the increasing adoption of smart devices and digital solutions.

Trends in the market: In Tanzania, there is a growing demand for service robotics in the logistics and healthcare sectors. This trend is driven by the need for increased efficiency and improved patient care. Additionally, there is a rise in the use of drones for delivery services and agricultural purposes. In the global service robotics market, there is a shift towards collaborative robots that can work alongside humans, leading to a rise in safety and productivity. This trend is expected to continue as industries embrace automation and seek ways to reduce costs and increase productivity. For stakeholders in the service robotics market, this trend presents opportunities for growth and innovation, but also challenges in terms of adapting to new technologies and addressing potential job displacement concerns.

Local special circumstances: In Tanzania, the Service robotics Market within the Robotics Market is influenced by the country's unique geographical and cultural factors. The market is driven by the need for cost-effective solutions in the healthcare and agriculture industries, as well as the government's efforts to promote technology and innovation. The market is also impacted by regulatory policies that aim to promote local manufacturing and reduce reliance on imports. These factors contribute to the dynamic and growing nature of the Service robotics Market in Tanzania.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in Tanzania is affected by macroeconomic factors such as technological advancements, government policies, and investment in infrastructure. The market growth is driven by countries with favorable regulations and strong investments in service robotics technologies. In Tanzania, the market is supported by the increasing demand for automation in various industries, such as manufacturing, healthcare, and agriculture, to improve efficiency and productivity. The country's rapidly growing economy and rising disposable income also contribute to the growth of the service robotics market, as they enable businesses and consumers to invest in advanced robotics solutions.

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.