The global service robotics market is growing at a significant CAGR during the forecast period. Service robotics is the robotics division that seeks to enhance the efficiency and performance of robots and to better assist humans in their workplace. There are robots designed to help and carry out useful tasks, excluding the applications of industrial and manufacturing automation. Owing to its several benefits such as increased ease of use, exact and efficient administrations, consistent reliability and reduced operating costs and errors, service robots have been embraced across the globe and it is one of the prominent factors driving the market growth.
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Further, service robotics is rapidly finding acceptance among various end-user industries for professional and personal utilization, these industries include healthcare, defense, security, forestry, construction, agriculture, professional cleaning, logistics, and so forth.For instance, at the warehouse MiR’s warehouse robot, MiR 500, a flexible- easy-to-program robot equipped with a laser-scantechnology. In addition, service robotics is being used in the defense sector for bomb disposal. However, the huge initial cost and requirement of a skilled workforce to operate the systems is likely to cause restraint to the market growth. Moreover, rising smartphone penetration, industrial growth in developing the nation and rise in application areas are anticipated to propel the global service robotics market in the coming future.
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The key market players dominating the global service robotics market includeAB ELECTROLUX, Aethon, Inc., Amazon Robotics, Boston Dynamics, Clearpath Robotics, Inc., Cobalt Robotics, Inc., Fujitsu, Ltd., GM Cruise LLC, HAHN Group and Hanool Robotics Corp.The companies are focused on developing advanced robotics service systems to stay competitive in the market. Geographical expansion, merger & acquisition, finding a new market or innovate in their core competency in order to expand individual market share is a key strategy adopted by major market players. For instance, Swisslog’s Relay is primarily developed for outpatient and inpatient services including medicine transportation and risky medications such as chemotherapy.
Global Service Robotics Market- Segmentation
By Type
- Professional
- Personal
By Application
- Medical
- Logistics
- Agriculture
- Defense
- Others (Construction)
Global Service Robotics Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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