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:

1. Transportation & Logistics

2. Professional Cleaning

3. Medical Robotics

4. Hospitality

5. 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

1. 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

3. Asia Pacific

3.1 China

3.2 India

3.3 Japan

3.4 Republic Of Korea

3.5 Thailand

3.6 Others

4. 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

1. KUKA

2. iRobot Corporation

3. Intuitive Surgical, Inc.

4. Panasonic Corporation

5. Fanuc

6. ABB Ltd.

7. Stryker Corporation

About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://linkedin.com/company/renub-research

Website: www.renub.com

Thanks

In a report named “Global Service Robotics Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2030,” issued recently by Renub Research, market share insights are incorporated along with a detailed industry analysis. The analysis of competitors, topographical regions, and growth for global service robotics market is also enclosed in the report.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/service-robotics-market-p.php

Global Service Robotics Market will expand at a CAGR of 36.14% between 2022 and 2030. Generally, service robots are intended to assist humans and complete useful tasks, eliminating the industrial and manufacturing automation applications. Their uses could include automated valet security, inventory management, and cleaning tasks. It has been discovered that service robotics significantly lowers labour costs. In comparison to manual labour, service robotics offers faster speeds, higher uptime, and more consistency. These service robots operate by carrying out tasks that are far away, tedious, repetitive, or hazardous. The majority of service robotics is autonomous, while others require the use of an integrated control system.

Robots are frequently used in production lines to help with tasks like vehicle assembly, welding, and painting. While improving the overall efficiency of the manufacturing process, robots also improve the quality and accuracy of various processes. The demand for service robots has also increased as people’s understanding of the advantages of robots, R&D spending, and automation in the personal and professional sectors have all increased. Further technical solutions, including robotics powered by AI, are being developed by businesses like ABB so that the e-commerce industry and warehouse operations can fully automate. Global Service Robotics Market will value about US$187.33 Billion by 2030.

Investing in service robotics will be essential to the success of many businesses. It might free up the staff so they can concentrate on providing the best customer experience. The market for service robots is enhancing businesses’ capacities and expansion at a rapid rate. Service robotics is being combined with other technologies to give them a stronger competitive advantage. As a result, the market for service robots has seen growth in various industries, including personal applications and healthcare. Furthermore, a number of robot manufacturers are concentrating on creating robots that can manage check-in and check-out procedures and deliver food, which will increase demand for these robots.

Medical robotics is set to thrive in the service robotics market and volume due to its transformative impact on healthcare.

The increased applicability of robot-assisted training in Rehabilitation Therapy is the primary factor driving market growth. Robotic Rehabilitation Therapy provides high-dosage, high-intensity training, making it suitable for patients suffering from motor disorders caused by stroke or spinal cord disease. Robotic devices for motor rehabilitation are made up of an end-effector and an exoskeleton. The application of robot-assisted therapy is the improvement of gait function in stroke patients. Clinicians can use robotic surgery to perform delicate and complex procedures that would have been difficult to perform with other methods. The controls enforced are due to Medical Robots’ security considerations. Many factors can contribute to Medical Robot safety issues, including human error when incorrect instructions are fed into the robotic system. A system error can also occur, such as software triggering hardware. The initial cost of introducing Medical Robots into hospitals is a challenge to overcome.

Segments – Global Services Robotics Market and Volume has been covered from five viewpoints.

1. Transportation & Logistics
2. Professional Cleaning
3. Medical Robotics
4. Hospitality
5. Agriculture & Field

With strategic investments, and a strong entrepreneurial spirit, the United States is positioned to lead the growth of the service robotics market in North America.

The United States has advanced technological infrastructure, robust research institutions, and a culture of innovation that fosters rapid development and adoption of service robotics across industries. The country’s well-established healthcare sector and aging population drive demand for medical and assistive robots. Furthermore, a thriving e-commerce landscape and the need for automation in logistics contribute to the expansion of service robots in commercial settings.

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North America – Global Services Robotics Market has been covered from four viewpoints:

1. United States
2. Canada
3. Mexico
4. Others

Europe Germany is poised to continue spearheading the growth of the service robotics market in Europe.

The nation has robust industrial base and engineering expertise which positions it as a leader in manufacturing and automation. Germany’s strategic investments in research and development drive innovation across sectors, from manufacturing and healthcare to logistics and agriculture. A well-established ecosystem of academic institutions, startups, and established companies propels advancements in service robotics. Moreover, Germany’s commitment to Industry 4.0 and digital transformation fuels demand for collaborative robots and automation solutions.

Europe – Global Services Robotics Market has been covered from five viewpoints:

1. France
2. Germany
3. Italy
4. Spain
5. Others

Japan is well-positioned to continue leading the growth of the service robotics market in Asia/Australia due to its strong industry collaboration, and history of robotics innovation.

Due to its long history of technological advancement and innovative culture, Japan has quickly become the competitor with the fastest rate of growth in the Asian service robotics market. The nation’s aging population and labor shortages drive demand for robots in healthcare, eldercare, and hospitality sectors. Japan’s advanced robotics research and development ecosystem, coupled with favorable government initiatives, fosters cutting-edge solutions. Moreover, the country’s deep-rooted robotics heritage and emphasis on precision engineering have propelled the adoption of service robots in manufacturing and automation.

Asia/Australia – Global Services Robotics Market has been covered from six viewpoints:

1. China
2. India
3. Japan
4. Republic of Korea
5. Thailand
6. Others

Competitive Landscape.

Companies like KUKA, iRobot, Intuitive Surgical, Panasonic, Fanuc, ABB Ltd., and Stryker Corporation are active in the global services robotics market.

Company Insights.

• Oveview
• Recent Development and Initiatives
• Sales Analysis

Company Analysis:

1. KUKA
2. iRobot Corporation
3. Intuitive Surgical Inc
4. Panasonic Corporation
5. Fanuc
6. ABB Ltd
7. Stryker Corporation.

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About the Company: 

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.

Media Contact:

Company Name: Renub Research

Contact Person: Rajat Gupta, Marketing Manager

Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)

Address: 225 Kristie Ln, Roswell, GA 30076

Email: info@renub.com

LinkedIn: https://linkedin.com/company/renub-research