The Service Robotics market is expected to experience significant growth between 2023 and 2030, with a steady increase in adoption by key players. Service robots, defined as robots that perform tasks for humans or equipment outside of industrial automation, are becoming increasingly popular across various industries.
The market analysis of global and United States Service Robotics reveals that the market size is estimated to be worth USD 18,350 million in 2022, and is projected to reach USD 52,100 million by 2028, with a CAGR of 19.0%. The COVID-19 pandemic has played a role in this growth, with a shift in demand for personal service robotics, which accounted for the largest market share in 2021.
The demand for service robotics is driven by several factors, including the need for automation in household tasks, entertainment and education, nursing and rehabilitation, medical procedures, agriculture and forestry, logistics, and more. These robots provide assistance and efficiency in various applications, making them highly sought after in the market.
There are two main types of service robotics: personal service robotics and professional service robotics. Personal service robotics are primarily used in households and personal settings, while professional service robotics are employed in industries such as healthcare, agriculture, logistics, and others.
In terms of regional market share, Europe led the service robotics market in 2017, followed by North America and Asia-Pacific. The United Kingdom held the largest share in Europe, with Germany and France following closely behind. Other regions, such as North America, Asia-Pacific, South America, and the Middle East and Africa, also contribute to the growth of the market.
The Service Robotics market offers significant opportunities for growth and revenue generation. With advancements in technology and increasing automation needs across various industries, the demand for service robotics is expected to continue rising. Major players in the market include Intuitive Surgical, iRobot Corporation, Dyson, Neato Robotics, Sharp, Toshiba, Panasonic, and Kuka.
In conclusion, the Service Robotics market is witnessing substantial growth worldwide due to the increasing demand for automation and efficient task performance. The market offers promising opportunities for manufacturers and stakeholders, with a wide range of applications and potential for revenue generation.
– Market Size, Share and Industry Trends Analysis Report By Applications (Household Robots, Education/Entertainment Robots, Nursing/Rehabilitation Robots, Medical Robots, Agriculture, Forestry, Livestock Farming and Fisheries Robots, Logistic Robots, Others), Types (Personal Service Robotics, Professional Service Robotics), By Regional Outlook and Forecast, 2023-2030.
– Intuitive Surgical
– iRobot Corporation
– Neato Robotics