Renub Research has recently released a report titled "Service Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," providing a detailed industry analysis that includes market share insights. The report also includes competitor and regional research and contemporary advancements in the Service Robotics Market.
Service Robotics Market shall expand at a CAGR of about 36.15% from 2023 to 2030
Service robots, whether semi-automatic or fully automatic, undertake essential and hazardous tasks for humans, spanning sectors like medical, healthcare, construction, automation, domestic, and entertainment. Operated by an internal control system, these robots offer automatic functionality while allowing manual intervention when needed. They mitigate human error, streamline time management, and boost productivity by relieving staff and labor from heavy workloads.
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The service robotics market experiences continual growth, fueled by the robotics industry's rapid technological advancements, converging automation, artificial intelligence, engineering, and machine learning. This transformative impact significantly enhances humans' task-performing capabilities. The International Federation of Robotics reports a threefold increase in robots in recent decades. These positive trends in robotics are expected to persist over the next 20 years, driving increased productivity and fostering economic improvement in developing nations. Service robots are poised to create substantial opportunities across various industrial sectors in underdeveloped economies, addressing the shortage of skilled labor. The introduction of automation and robotics will open significant avenues in both industrial and residential contexts. The maturity of robotics and a long history of safe usage among laborers add considerable value to overall industry operations. Global Service Robotics market size is predicted to reach US$ 187.33 billion by 2030, driven by the use of robots across many sectors like health care, logistics, agriculture, and defense.
In the forecast period, Medical service robots will grow significantly with increased adoption of integrated solutions for critical operations.
In the unexpectedly advancing healthcare panorama, medical service robots are poised to enjoy big growth in the coming years. These smart machines, geared up with modern-day technology like artificial intelligence and device learning, are revolutionizing patient care, diagnostics, and surgery. With the capacity to execute unique tasks, together with medicinal drug dispensing and monitor vital signs and symptoms, these robots beautify performance, reduce human errors, and alleviate the load on healthcare professionals. As needs for improved patients’ consequences and streamlined healthcare services upward thrust, the combination of medical service robots is anticipated to boost, marking a transformative technology within the delivery of hospital care. Global Service Robotics market size is predicted to reach US$ 187.33 billion by 2030, driven by the use of robots across many sectors like health care, logistics, agriculture, and defense.
Segments – Global Services Robotics Market has been covered from five viewpoints:
- Transportation Logistics
- Professional Cleaning
- Medical Robotics
- Hospitality
- Agriculture Field
Germany has indeed emerged as a prominent player in the service robotics market.
Germany has emerged as a formidable player within the provider robotics market, establishing itself as a worldwide leader in developing and deploying present day robotic technology. Germany has cultivated thriving surroundings for service robotics with a sturdy manufacturing segment, a focus on innovation, and a collaborative ecosystem among academia and enterprise. The country's expertise spans various healthcare, logistics, and automation packages. German organizations are at the leading edge of creating superior robotic solutions, contributing to the growth of the provider robotics market worldwide. This prominence positions Germany as a key influencer and contributor to the ongoing evolution of robotics.
China is predicted to dominate the Asia Service Robot Market extensively.
China's influence in the service robot market is anticipated to be substantial. Fueled by robust manufacturing capabilities, technological innovation, and strategic investments, China has positioned itself as a significant player in developing and deploying service robots. The country's focus on automation across various industries, including manufacturing, healthcare, and hospitality, underscores its commitment to harnessing the potential of service robotics. As China continues to lead in market share, driven by domestic demand and international exports, it is poised to play a dominant role in shaping the future trajectory of the service robot market.
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Country – This report covers the 16 Countries Service Robotics Market
- North America
1.1 United States
1.2 Canada
1.3 Mexico
1.4 Others
2 Europe
2.1 France
2.2 Germany
2.3 Italy
2.4 Spain
2.5 Others
- Asia Pacific
3.1 China
3.2 India
3.3 Japan
3.4 Republic Of Korea
3.5 Thailand
3.6 Others
- Rest of the World
Key player
The service robotics market is home to corporations like KUKA, iRobot, Intuitive Surgical, Panasonic, Fanuc, ABB Ltd., and Stryker Corporation.
Company Insights:
- Overview
- Recent Development
- Sales Analysis
Service Robotics Market Companies
- KUKA
- iRobot Corporation
- Intuitive Surgical, Inc.
- Panasonic Corporation
- Fanuc
- ABB Ltd.
- Stryker Corporation
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