Robotics - Tanzania | Statista Market Forecast

Revenue in the Robotics market is projected to reach US$7.95m in 2024.
Service robotics dominates the market with a projected market volume of US$7.95m 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$9.42bn in 2024).

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.

Industrial Robotics
Service Robotics

robots not programmable in two or more axes
robots with no degree of autonomy

The Robotics market in Tanzania is facing a negligible decline in growth rate, impacted by factors such as slow adoption of digital technologies, limited health awareness among consumers, and lack of convenience in online services. This is seen in both Industrial and Service sub-markets.

Customer preferences: As technology continues to advance in Tanzania, there has been a growing interest in using robotics for various tasks. This trend is particularly evident in the agriculture and manufacturing sectors, where automation is seen as a way to increase efficiency and productivity. Additionally, with the rise of e-commerce and online shopping, there has been a rise in demand for robots to handle warehousing and delivery. This shift towards automation is driven by the need for cost-effective and reliable solutions in a rapidly changing market.

Trends in the market: In Tanzania, the Robotics Market is experiencing a surge in demand for robots in the manufacturing and healthcare industries, as businesses seek to increase efficiency and reduce costs. This trend is expected to continue as the country continues to invest in automation and robotics technology. Additionally, there is a growing focus on developing locally made robots, which could have significant implications for the local economy and job market. Furthermore, with the government's emphasis on promoting industrialization and smart cities, the demand for robotics and automation is expected to further increase in the coming years.

Local special circumstances: In Tanzania, the Robotics Market is still in its nascent stage, with the government focusing on developing the country's manufacturing and industrial sectors. However, the market has immense potential due to the country's strategic location, abundant natural resources, and growing economy. The cultural emphasis on education and technological advancements also plays a significant role in driving the demand for robotics in various industries, such as agriculture, mining, and healthcare. Furthermore, the government's supportive policies and initiatives towards promoting innovation and entrepreneurship are expected to fuel the growth of the Robotics Market in Tanzania.

Underlying macroeconomic factors: The Robotics Market in Tanzania is greatly impacted by macroeconomic factors such as technological advancements, government initiatives, and investment in infrastructure. Countries with supportive regulatory environments and significant investments in robotics technologies are experiencing higher market growth compared to regions with regulatory barriers and limited funding. Additionally, the rising demand for automation and efficiency in industries, along with the growing adoption of robotics in healthcare and education sectors, are driving the market in Tanzania.

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.