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The global service robots market is estimated to be worth

NEWARK, Del., Dec. 13, 2022 (GLOBE NEWSWIRE) — The World Service robotics market Net worth is estimated to be around USD 40 billion in 2023 and is expected to register an impressive CAGR of 21% from 2023 to 2033. According to the analysis report on the service robots market, the overall valuation of the market is expected to increase to USD 267 billion by Year 2033.

Service robots are now supporting people in many different areas, such as household chores, education, and entertainment, as well as carrying out critical and people-critical duties such as medical care and security. As these personal service robots manage time efficiently, reduce the workload of family members and workers, and increase production by removing the possibility of human errors, the global service robots market is witnessing remarkable growth in the current years.

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The absolute accuracy obtained by deploying service robots in high-tech production and testing facilities has significantly accelerated the growth of the market. In addition, the use of such robots by UAVs in the agricultural and defense industries has greatly increased the demand for service robots in the past few years.

Key Takeaways from the Service Robots Market Study

  • The medical, logistics and transportation sub-segment of the robotics sector for industrial or commercial services is expected to gain the highest market share in the coming days.
  • As home service robots are used to take care of the elderly, the residential sector is also expected to rise strongly during the forecast years.
  • Given that the deployment of service robots is expected to be more application specific, the software component segment is expected to account for a larger proportion of the global service robots market share than the hardware segment.

The competitive landscape of the service robots market

iRobot Corporation, Intuitive Surgical Inc., Honda Motor Co., Ltd., Panasonic Corporation, Aethon Inc., Yujin Robot Co., Ltd. Ltd., Samsung Electronics CO., Ltd., DeLaval, Robert Bosch GmbH, AB Electrolux, Lely International, KUKA AG, Northrop Grumman Corporation, Kongsberg Maritime AS, Parrot SA, DJI, Daifuku Co., Ltd. Ltd., Dematic Corp., Knightscope Inc., Brokk AB, Kollmorgen Corporation, Stryker Corp., Husqvarna AB, Construction Robotics LLC, Seegrid Corporation, JBT Corporation, SSI Schaefer AG, BAE Systems, Neato Robotics, Transbotics Corp. Omron Corp., Inc. Ecovacs Robotics, Medtronic PLC, SMP Robotics Systems Corp. Vision Robotics Corp. Naio Technologies SAS, UBTECH Robotics Inc. Smith & Nephew PLC among others are some of the major players in the global service robots market.

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Recent developments in the service robotics market industry

  • SoftBank Robotics Group and Bear Robotics, a robotics and artificial intelligence business venture, met in September 2020 to create and market a new robot called SERVI for use in the catering and hospitality industries.
  • In order to expand its unified information platform, Intuitive Surgical secured Orpheus Medical in 2020. Orpheus Medical provides hospitals with IT connections as well as the expertise to organize, retrieve and store surgical recordings with ease of use.
  • In order to create a higher generation of adaptable self-service robots, ABB Company purchased ASTI Mobile Robotics Group in July 2021. With this purchase, robotics and automation solutions improved greatly in the following two years, enabling the company to enter product categories New and featured service robot for sale.

Master slides

By ingredient:

  • hardware
    • Airframe
    • tentacles
    • cameras
    • Motors
    • power supply
    • control systems
    • Navigation systems
    • Payment systems
    • others
  • Programming

By field of application:

  • Professional or commercial service bots
    • field robots
    • Professional cleaning
    • Inspection and maintenance
    • Construction and demolition
    • Customer service
    • Logistic systems (manufacturing and non-manufacturing)
    • Medical robots
    • Rescue and security bots
    • Defense bots
    • Underwater systems (civilian/public)
    • powered human exoskeletons
    • PR bots
    • others
  • Personal or home service bots
    • Robots for household tasks
    • Recreational robots
    • Teaching and research assistance
    • Helping the elderly and the disabled
    • others

By environment:

By region:

  • North Amarica
  • Latin america
  • Europe
  • East Asia
  • South Asia and the Pacific
  • Middle East and Africa (MEA)

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content list

1. Executive summary

1.1 Global Market Outlook

1.2 Demand Side Trends

1.3 Supply-side trends

1.4 Technology Roadmap Analysis

1.5 Analysis and recommendations

2. Market overview

2.1. Market coverage/classification

2.2. Market definition/scope/constraints

3. Market background

3.1. Market dynamics

3.1.1. drivers

3.1.2. restrictions

3.1.3. Chance

3.1.4. trends

3.2 Scenario Predictions

3.2.1. demand in the optimistic scenario

3.2.2. demand in the likely scenario

3.2.3. demand in the conservative scenario

3.3 Opportunity Map Analysis

3.4. investment feasibility matrix

3.5 Pestel and Porter’s analysis

3.6 Regulatory landscape

3.6.1. by major regions

3.6.2. by major countries

3.7 Regional Parent Market Outlook

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