Service Robotics Market Analysis by Type (Professional Service Robots, Personal Service Robots), By Application (Healthcare, Defense and Security, Agriculture, Logistics, Construction, Domestic, Entertainment, Others), By Component (Hardware, Software, Services), By End-User (Residential, Commercial) and by Region: Global Forecast, 2024 - 2034.
- PUBLISHED ON
- 2024-01-11
- NO OF PAGES
- 278
- CATEGORY
- Information Communication & Technology
Market Overview
The Service Robotics market is predicted to
develop at a compound annual growth rate (CAGR) of 17.3% from 2024 to 2034,
when it is projected to reach USD 93.71 Billion, based on an average growth pattern.
The market is estimated to reach a value of USD 19.00 Billion in 2024.
SOURCE: We Market Research
Service robotics
entails creating robots to aid humans in non-industrial situations such as
healthcare, housing, hospitality, and logistics. These robots are used for
medical aid, home chores, customer service, and product delivery. Examples
include surgical robots, robotic vacuum cleaners, hotel service robots, and
warehouse transport robots. They use cutting-edge technology such as AI,
machine learning, and computer vision to interact securely and effectively with
their surroundings and users, improving convenience, efficiency, and safety in
routine chores and specialized services.
The aging population, technical developments in AI and sensors, and labor shortages in industries like healthcare and logistics are the main factors driving the worldwide service robots industry. Automation is pushed for in order to save money and increase efficiency due to rising healthcare prices. Service robots improve productivity and safety in a variety of settings, such as warehouses and hospitals. The market for domestic robots is boosted by consumer desire for smart home appliances. Further driving the market forward is the increased need for automated logistics and delivery solutions brought on by the expansion of e-commerce.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 19.00 Billion |
|
Market
Forecast in 2034 |
USD 93.71 Billion |
|
CAGR % 2024-2034 |
17.3% |
|
Base
Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Type, By
Application, By Component, By End-User and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Service Robotics Industry: Dynamics & Restrains
Market opportunity:
We Market
Research: Service Robotics Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Service Robotics Segmentation
Market- By Type Analysis
By Type, the Service Robotics Market is Categories into Professional Service Robots, Personal Service Robots. The Professional Service Robots segment accounts for the largest share of around 68% in 2024.