Registering a CAGR of 44.12% over the forecast period of 2022-2027, the global Professional Service Robotics market is anticipated to reach the market value of US$ 212622.7 million from US$ 23579.1 million in the year 2027.
Professional service robots automate time-consuming, menial, or cyclic tasks, allowing human workers to achieve more intellectual roles. On the other hand, individual service robots are consumer-facing robots for mechanizing tasks, mainly at home. This could include things such as autonomous vacuum cleaners or window cleaners. Professional robots consist of field robots, defense and security robots, medical assisting robots (MAR), public assistant robots, electrical industry robots, and robots for construction resolutions.
The rising need to monitor, control, and achieve several operations in the healthcare, logistics, defense, and household sectors along with growing labor cost is driving the market demand. The problems in managing day-to-day tasks, workloads, and intensive operations are adding up to the demand for these robots due to their high operational efficiency landscapes. The industry is developing quickly owing to huge R&D investments, product innovations, and increased consumer awareness related to robotic benefits. These systems are witnessing high demand in human assistance tasks to reduce the work pressure, gain high efficiency, and the same effort in repetitive tasks. Government initiatives and several organizational innovations, which promote the usage of automated & robotic systems create several industry growth occasions.
The increasing e-commerce industry is the primary growth driver for this market. Defense robotics captured third highest share of the professional service robotics market in 2020, followed by Agriculture robots or Agribots. The execution of robotics in agriculture is predictable to bring out transformational result in coming years.
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What are the major Applications, Types, and Regions for Professional Service Robotics Market?
The professional Service Robotics Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Applications, it is segmented into
Europe captured the largest revenue of USD 59.9 billion as well as the largest volume share in 2019 with Germany at the forefront. The region comprises nearly 42% of professional service robot manufacturers catering to various industry verticals globally. Moreover, around half of the logistics system manufacturers are European companies constituting strong growth in the logistics sector. The region has interdisciplinary research capabilities in the field of robotics technology with several robotics laboratories, often accumulated with spin-off companies. Bristol Robotics Laboratory is one such example, which was established in 2006 as a collaboration between the University of Bristol and the University of the West of England. The laboratory is currently involved in a research project addressing key areas of robot capabilities and applications.
The Professional Service Robotics Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Professional Service Robotics Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Professional Service Robotics Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Professional Service Robotics Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Reports Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 44.12% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | iRobot (US), SoftBank Robotics Group (Japan), Intuitive Surgical (US), DeLaval (US), Daifuku (Japan), CYBERDYNE (Japan), DJI (China), Kongsberg Maritime (Norway), |
Regions Covered | • North America • Europe • Asia-Pacific • Rest of the World |
Countries Covered | • US • Canada • Germany • France • UK • Italy • Spain • Rest of Europe • China • Japan • India • Australia • South Korea • Rest of Asia-Pacific • Middle East & Africa • Latin America |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 117 |
Customization Available | Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Professional Service Robotics Market is studied from 2017 - 2027.
Who are the key players in Professional Service Robotics Market?
iRobot (US), SoftBank Robotics Group (Japan), Intuitive Surgical (US), DeLaval (US), Daifuku (Japan), CYBERDYNE (Japan), DJI (China), Kongsberg Maritime (Norway), Northrop Grumman (US). Apart from these, Exyn Technologies (US), XAG (China), AMP Robotics (US), UVD Robots (Denmark), Diligent(US), HARVEST CROO (US), Starship Technologies (US)
What are the significant types of Professional Service Robotics Market?
Professional Service Robotics, Personal and Domestic Service Robotics, Others.
What are the major end-use applications of the Professional Service Robotics Market?
Defense, Agriculture/Field, Logistic, Medical, Exoskeletons, Public Relations Robots, Construction, Mobile Platforms, Inspection, Underwater, Rescue and Security, Cleaning, Others.
What segments are covered in the Professional Service Robotics Market report?
The Global Professional Service Robotics Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the Professional Service Robotics Market?
The sample report for the Professional Service Robotics Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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