The professional service robotics market is new in the last decade or so. Used most often outside of manufacturing environments, these robots usually help humans rather than replace them. Recently, ResearchAndMarkets.com has published a new report on this sector, called, The “Global Service Robotics Market and Volume Analysis by Type (Professional Service Robots, Personal and Domestic Service Robots) and Key Players Analysis – Forecast to 2025.”
The global service robotics market was valued at over US$17 billion in 2019 and is expected to show significant growth during the forecast period. The market is being driven by an upsurge in its adoption owing to high labor costs, lack of skilled workforces, increasing research and development investments, growing awareness regarding the benefits of service robots, and increased demand for automation among professional and personal sectors.
Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors. Professional service robots are employed in various industries including medical, defense, agriculture, logistics, inspection and maintenance, rescue and security, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment and leisure purposes. The high initial investment and concern for human safety restricts the growth of the market.
Global Professional Service Robotics Market and Volume Forecast – By Segment
Logistic applications accounted for the maximum share of the global professional service robotics market. The use of service robots in the logistics industry is anticipated to show substantial growth. The growing e-commerce industry is the primary growth driver for this market. In 2019, medical applications were the second major industry vertical in terms of market share.
Medical applications employ service robots for a wide range of applications such as surgery, diagnostics, physical and mental therapy, and prosthetics among others. Defence robotics captured the third highest share of the professional service robotics market in 2019, followed by agriculture robots or agribots. The implementation of robotics in agriculture is expected to create transformational results in the very near future.
In volume terms, logistic robots accounted for maximum share of the overall professional service robotics sector. Inspection and maintenance robots captured the second highest sales volume in 2019, while medical robots, due to the expense of these devices, accounted for merely 2% of the professional service robotics volume in 2019.
Global Personal and Domestic Service Robotics Market and Volume Forecast – By Segment
Household robots accounted for maximum share of the personal and domestic service robotics market both in value and volume terms. This segment is likely to lead the personal and domestic service robotics volume throughout the forecast period. The household robotics market consists of a wide variety of products focused on single tasks, such as floor care, lawn care, and pool care. Entertainment and leisure robots are aimed at youth in the hopes of boosting their interest in robotics and other technical fields.
Key players include:
- KUKA AG
- Adept Technology (Acquired by OMRON)
- iRobot Corporation
- Intuitive Surgical
- Yaskawa Electric Corporation
Source: Research and Markets