Press Releases

The global service robotics market is growing at a substantial rate i.e., at a CAGR of 24.7% during the forecast period. The rising demand to monitor, control, and manage numerous operations in the healthcare, logistics, defense, and household sector coupled with mounting labor cost will propel the market growth for the service robotics industry. Furthermore, the high operational efficiency feature will increase the demand for service robotics to manage day-to-day repetitive tasks, workloads, and intensive operations. There is tremendous growth in the global service robotics industry due to the massive investment in R&D activities, rising consumer awareness, product innovation, and initiatives by the government to promote the adoption of automated and robotic systems will accelerate the market development for service robotics. 
Because service robotics can provide contact-free alternatives, they are critical in the fight against coronavirus. The amount of venture capital invested in R&D activities is increasing, which will benefit the service robots market. In the COVID-19 pandemic, service robots are a game-changer because they can disinfect hospitals and public spaces while delivering services.

In January 2022, LG Business Solutions USA has announced that the LG CLOi ServeBot will be available in the United States in early 2022. The Model LDLIM21, the world's first commercial service robot, has earned UL 3300 certification for safe operation in challenging commercial environments like restaurants, retail stores, and hotels. For the first time, American workers will be able to use robot assistants to safely navigate congested areas while carrying up to 66 pounds of food or supplies, thereby reducing employee burdens, enhancing customer service, and increasing operational efficiency.

Browse 53 market data Tables and 35 Figures spread through 215 Pages and in-depth TOC on Service Robotics Market by Type (Professional Service Robots and Personal Service Robots), Component (Hardware and Software), Application (Domestic, Medical, Field, Defense, Rescue, & Security, Entertainment, Education, & Personal, Public Relations, Inspection and Maintenance, Logistics, Construction, Marine, and Others), and Region - Global Forecast to 2030"

By type, rising Demand for Robots in Professional Sector will Propel the Growth of the Service Robots Industry

Based upon type, the global service robotics market is split into professional service robots and personal service robots. The professional service robots segment will grow significantly over the forecast period 2022-2030 owing to the rising demand for automated solutions in the professional sector. Also, the increased awareness in the professional sector like security, field, and defense will drive the product demand for the service robotics as they automate time-consuming or repetitive tasks. 

Global Service Robotics Market Segmentation Analysis

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“North America is expected to account for the largest share of service robotics market throughout the forecast period.”

North America dominates the service robotics market owing to the increased implementation of surgical robots in hospitals, increased investment in R&D activities, and accessibility of scientifically developed service robots in the region.
Furthermore, due to the existence of significant suppliers, large-scale production of service robotics has resulted in the expansion of the service robotics market in North America.

IRobot Corporation, Honda Motor Company, Ltd., Intuitive Surgical, Inc., GeckoSystems International Corp., Daifuku Co., Ltd., SZ DJI Technology Co., Ltd., Neato Robotics, YUZIN ROBOT Co., Ltd., Samsung Electronics Co., Ltd., and LG Electronics Inc. are some of the major companies operating in the global service robotics market.

                                                                        Scope of the Report

Global Service Robotics Market Coverage

Type Insight and Forecast 2022-2030

• Professional Service Robots
• Personal service Robots

Component Insight and Forecast 2022-2030

• Hardware
• Software

Application Insight and Forecast 2022-2030

• Domestic
• Medical
• Field
• Defense, Rescue, & Security
• Entertainment, Education & Personal
• Inspection and Maintenance
• Logistics
• Construction
• Marine
• Others

Geographical Segmentation

Service Robotics Market by Region

North America

• By Type
• By Component
• By Application
• By Country – U.S., Canada, and Mexico

Europe

• By Type
• By Component
• By Application
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Type
• By Component
• By Application
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Type
• By Component
• By Application
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries