Service Robotics Market by Operating Environment (Land, Aerial, Marine), By Application (Professional, Personal and Domestic), By End User (Healthcare, Defense, Field, Logistics, Others), By Region, Competition, 2018-2028

  • Industry : ICT
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 16.37 Billion

CAGR (2023-2028)

16.82%

Fastest Growing Segment

Logistics

Largest Market

Asia Pacific


Market Overview

The projected market size for the global service robotics market is expected to reach USD 16.37 billion by the end of 2022, with a compound annual growth rate (CAGR) of 16.82% during the forecast period. The global service robotics market is undergoing a significant evolution, driven by technological advancements, and changing consumer needs. These versatile robots, equipped with AI, sensors, and machine learning, are expanding beyond industrial settings into healthcare, hospitality, agriculture, and more. They offer solutions for tasks such as elder care, disinfection, delivery, and customer service. The COVID-19 pandemic has accelerated their adoption due to the demand for contactless services and remote operations. Collaborations between startups and tech giants are driving innovation in human-robot interaction, making robots more user-friendly and adaptable. With increased R&D investments, supportive policies, and growing industry interest, the service robotics market is poised for substantial growth, reshaping industries and redefining human-technology interactions on a global scale.

Key Market Drivers

Technological Advancements and Innovation

The global service robotics market is being propelled by continuous technological advancements and innovations. The integration of artificial intelligence (AI), machine learning, computer vision, and advanced sensors has revolutionized the capabilities of service robots. These technologies enable robots to navigate complex environments, recognize objects, interact with humans, and perform intricate tasks with precision. As research and development efforts continue to push the boundaries of what robots can achieve, industries are increasingly adopting service robots to enhance operational efficiency, improve customer experiences, and address challenges that were previously insurmountable.

Changing Demographics and Labor Shortages

Demographic shifts, including an aging population in many developed countries, are driving the demand for service robots in sectors such as healthcare and elder care. As the older population grows, there is a greater need for assistance in activities of daily living and medical care. Service robots can provide support by monitoring vital signs, administering medication, and assisting with mobility. Additionally, labor shortages in various industries are prompting businesses to turn to automation to bridge the gap. Service robots are emerging as valuable assets that can perform tasks that require specialized skills, reduce human error, and alleviate the burden on existing workforce.

Demand for Contactless Solutions

The COVID-19 pandemic has underscored the importance of contactless interactions and operations. Service robots have quickly emerged as an effective solution to minimize human contact while ensuring essential tasks are carried out. From automated cleaning and disinfection in healthcare facilities to autonomous delivery of goods in logistics and retail, service robots are meeting the need for safe and hygienic operations. This demand is expected to persist even beyond the pandemic, as businesses and consumers prioritize health and safety considerations.

Cost Savings and Operational Efficiency

Companies are increasingly turning to service robots as a means to enhance operational efficiency and reduce costs. Service robots can perform tasks around the clock without breaks, increasing productivity and throughput. They also reduce the likelihood of errors, resulting in improved product quality and customer satisfaction. In industries such as manufacturing and logistics, robots can optimize workflows, streamline processes, and reduce the need for manual labor. These operational improvements translate to significant cost savings over time, making service robots an attractive investment for businesses aiming to stay competitive in today's rapidly changing landscape.

Enhanced Customer Experience

Service robots play a pivotal role in elevating the customer experience across various industries. In sectors like hospitality, retail, and entertainment, robots are used to greet customers, provide information, and offer personalized recommendations. These interactions not only improve customer satisfaction but also create memorable experiences that differentiate businesses from their competitors. Moreover, robots can offer consistent and reliable customer service, reducing wait times and enhancing overall engagement. As customer expectations continue to evolve, service robots are becoming an essential tool for businesses to deliver exceptional and unique experiences.

Supportive Government Policies and Funding

Governments worldwide are recognizing the potential of service robots to drive economic growth, create jobs, and address societal challenges. To encourage the adoption of robotics and automation, many governments are implementing favorable policies, providing financial incentives, and funding research and development initiatives. These initiatives are not only driving innovation in the service robotics market but also facilitating collaboration between industries, academia, and research institutions. The availability of government support is fueling investments in the development of advanced service robots and their integration across various sectors.

Cross-Industry Collaboration

The service robotics market is benefiting from cross-industry collaboration and partnerships. Companies from diverse sectors are working together to leverage their expertise and resources in robotics technology. These collaborations result in the development of specialized robots designed to cater to specific industry needs. By pooling knowledge and capabilities, these partnerships accelerate innovation, reduce development time, and enhance the quality and functionality of service robots. This collaborative approach also fosters a rich ecosystem of technology providers, solution integrators, and end-users, contributing to the overall growth and advancement of the global service robotics market.

 

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Key Market Challenges

Technical Complexity and Integration Challenges

One of the significant challenges facing the global service robotics market is the technical complexity associated with designing, developing, and integrating robots for diverse applications. Service robots are required to perform intricate tasks in various environments, each with unique demands and constraints. Achieving the required level of accuracy, adaptability, and reliability while ensuring safety and seamless integration poses significant technical challenges. Developing sophisticated sensors, AI algorithms, and actuators that enable robots to navigate complex environments, interact with humans, and perform tasks with precision requires substantial expertise and resources. Moreover, integrating multiple technologies, such as computer vision, machine learning, and natural language processing, into a cohesive and efficient system can lead to compatibility issues, increasing development timelines and costs. Technical complexity can also hinder the scalability of robotic solutions, particularly when trying to adapt robots for new tasks or environments.

The evolution of service robotics often involves overcoming technological hurdles, such as improving battery life, optimizing sensor performance, and addressing issues related to noise, interference, and connectivity. Engineers and developers must work to strike a balance between functionality, affordability, and complexity, ensuring that service robots are not only capable but also accessible and user-friendly. As technology continues to advance, the challenge lies in efficiently incorporating cutting-edge innovations into service robots while mitigating complexities that can hinder adoption, deployment, and maintenance.

High Initial Costs and Return on Investment (ROI) Concerns

High initial costs remain a significant challenge in the global service robotics market, impacting the adoption of robotic solutions across industries. Developing and deploying service robots involves substantial investment in research, development, manufacturing, and integration. These costs are often passed on to end-users, making the acquisition of service robots a capital-intensive endeavor. While the potential benefits of improved efficiency, productivity, and safety are clear, organizations may be cautious about investing in service robotics due to concerns about the return on investment (ROI). Calculating and demonstrating the tangible ROI of service robots can be complex, as it involves factors such as labor cost savings, increased operational efficiency, reduced errors, and improved customer experience. The value proposition of service robots needs to be communicated effectively to stakeholders, particularly in industries where cost considerations heavily influence decision-making. Additionally, organizations may hesitate to adopt service robots if they perceive the initial investment as too high, especially if traditional human labor remains a more cost-effective option in the short term.

Overcoming this challenge requires a comprehensive approach that takes into account not only the immediate costs but also the long-term benefits that service robots can provide. Manufacturers and developers need to explore pricing models, leasing options, and Robot-as-a-Service (RaaS) offerings that provide flexibility and align with customers' budget constraints. Demonstrating clear ROI through case studies, pilot projects, and data-driven analyses can help alleviate concerns and encourage greater adoption of service robotics solutions. As the technology matures and costs decrease over time, the challenge of high initial investment may gradually subside, paving the way for more widespread adoption across various industries.

Key Market Trends

Rise of Collaborative and Soft Robotics

One of the prominent trends in the global service robotics market is the increasing adoption of collaborative and soft robotics. Collaborative robots, or cobots, are designed to work safely alongside humans, performing tasks that require close interaction and collaboration. They are equipped with advanced sensors and AI algorithms that enable them to detect human presence and adjust their movements accordingly. Cobots find applications in industries such as manufacturing, healthcare, and logistics, where they assist workers in tasks that are physically demanding or repetitive. Soft robotics, on the other hand, mimic the flexibility and adaptability of natural organisms. These robots are constructed from soft materials and are capable of handling delicate objects and navigating complex environments. The trend towards collaborative and soft robotics reflects a growing emphasis on human-robot collaboration, enhancing workplace safety, efficiency, and productivity.

Customization and Modular Solutions

The service robotics market is witnessing a shift towards customization and modular solutions to cater to diverse industry needs. Businesses are seeking robotics solutions that can be tailored to specific tasks and environments, allowing for efficient deployment and integration into existing workflows. Modular robotics platforms enable companies to build versatile robots by combining various modules, sensors, and tools. This approach enhances flexibility, scalability, and adaptability, enabling robots to perform multiple tasks or be repurposed for different applications. With the ability to adapt to evolving demands, customization and modularity are driving the development of robots that can address a wide range of tasks, from healthcare assistance and warehouse logistics to hospitality services and education.

Integration of Artificial Intelligence and Machine Learning

The integration of artificial intelligence (AI) and machine learning (ML) technologies is a transformative trend shaping the future of the global service robotics market. AI-powered robots can perceive their surroundings, make informed decisions, and learn from their interactions with the environment and humans. Machine learning algorithms enable robots to adapt and improve their performance over time, enhancing their capabilities and efficiency. Vision systems equipped with computer vision technologies allow robots to recognize objects, people, and gestures, enabling more sophisticated interactions and tasks. Additionally, natural language processing (NLP) enables robots to understand and respond to human commands, enhancing their usability in customer service and healthcare applications. The integration of AI and ML is unlocking new levels of autonomy and intelligence in service robots, enabling them to operate in dynamic and unstructured environments with enhanced accuracy and efficiency.

Segmental Insights

Application Insights

Based on application, the professional segment emerges as the predominant segment, exhibiting unwavering dominance projected throughout the forecast period. This segment's ascendancy is rooted in its diverse and widespread applications across various industries. From healthcare and finance to technology and consulting, professionals rely on specialized tools and solutions to enhance their operations and decision-making processes. This unyielding dominance is a result of the segment's adaptability, catering to the distinct needs of experts in different fields. As the professional landscape continually evolves, the demand for tailored resources remains steadfast, propelling the professional segment's significance even further. Thus, its continued reign is not only a testament to its current standing but also a reflection of its capacity to evolve in tandem with the ever-changing demands of the professional sphere.

End User Insights

Based on end user, the healthcare segment emerges as a formidable frontrunner, exerting its dominance and shaping the market's trajectory throughout the forecast period. This supremacy is underpinned by the critical role that healthcare plays in society, driving an incessant demand for innovative solutions and cutting-edge technologies. From advanced medical equipment to digital health platforms, the sector's insatiable need for enhancements propels its influence. Additionally, the ever-evolving landscape of medical research, patient care, and administrative efficiency further fuels the segment's pre-eminence. As the demands of healthcare continue to evolve, the segment not only retains its position but also continuously refines its offerings to meet the intricate needs of medical professionals and patients alike. Thus, the healthcare segment's unwavering dominance serves not only as a testament to its present stature but also as a beacon guiding the industry's path forward.

 

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Regional Insights

Asia Pacific stands resolutely as a dominant force within the global service robotics market, solidifying its preeminent position and underscoring its pivotal role in steering the industry's trajectory. The region's ascendancy is marked by its robust technological advancements, burgeoning innovation hubs, and strategic investments in research and development. With a proactive approach to integrating robotics across various sectors, including manufacturing, healthcare, and logistics, Asia Pacific shapes the global narrative of service robotics adoption. As a trailblazer in harnessing automation for enhanced efficiency and productivity, the region not only secures its preeminent position but also steers the industry toward a future where intelligent machines continue to revolutionize the way we work, live, and interact.

Recent Developments

  • In September 2022, Avidbots, a Canadian robotics firm, secured $70 million in its Series C funding round. Avidbots specializes in creating self-governing cleaning robots and has introduced Neo 2, an automated floor cleaning robot tailored for use in commercial settings like warehouses, airports, and shopping centers.
  • In September 2022, Jacky's Business Solutions, a prominent provider of B2B technology solutions, unveiled the latest version of its Temi Robot (V3) during the Gitex event. The company introduced this fresh iteration of the personal assistance robot in the Middle East, adopting a Robot-as-a-Service (RaaS) business approach.

Key Market Players

  • Omron Corporation
  • Daifuku Co. Ltd
  • Smith & Nephew PLC
  • Dematic Corp.
  • Stryker Corp.
  • Swisslog Holding AG (KUKA)
  • Grenzebach GmbH & Co. KG
  • Seegrid Corporation
  • JBT Corporation
  • SSI Schaefer AG

By Operating Environment

By Application

By End User

By Region
  • Land
  • Aerial
  • Marine
  • Professional
  • Personal
  • Domestic
  • Healthcare
  • Defense
  • Field
  • Logistics
  • Others
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

 

Report Scope:

In this report, the global service robotics market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Service Robotics Market, By Operating Environment:

o   Land

o   Aerial

o   Marine

  • Global Service Robotics Market, By Application:

o   Professional

o   Personal

o   Domestic

  • Global Service Robotics Market, By End User:

o   Healthcare

o   Defense

o   Field

o   Logistics

o   Others

  • Global Service Robotics Market, By Region:

o   North America

o   Europe

o   South America

o   Middle East & Africa

o   Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Service Robotics Market.

Available Customizations:

Global Service Robotics market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Service Robotics Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.  Markets Covered

1.2.2.  Years Considered for Study

1.2.3.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Global Service Robotics Market

5.    Voice of Customer

6.    Global Service Robotics Market Overview

7.    Global Service Robotics Market Outlook

7.1.  Market Size & Forecast

7.1.1.       By Value

7.2.  Market Share & Forecast

7.2.1.      By Operating Environment (Land, Aerial, Marine)

7.2.2.      By Application (Professional, Personal, and Domestic)

7.2.3.      By End User (Healthcare, Defense, Field, Logistics, Others)

7.2.4.      By Region

7.3.  By Company (2022)

7.4.  Market Map

8.    North America Service Robotics Market Outlook

8.1.  Market Size & Forecast

8.1.1.       By Value

8.2.  Market Share & Forecast

8.2.1.      By Operating Environment

8.2.2.      By Application

8.2.3.      By End User

8.2.4.      By Country

8.3.    North America: Country Analysis

8.3.1.      United States Service Robotics Market Outlook

8.3.1.1.  Market Size & Forecast

8.3.1.1.1.  By Value 

8.3.1.2.  Market Share & Forecast

8.3.1.2.1. By Operating Environment

8.3.1.2.2. By Application

8.3.1.2.3. By End User

8.3.2.      Canada Service Robotics Market Outlook

8.3.2.1.  Market Size & Forecast

8.3.2.1.1.  By Value 

8.3.2.2.  Market Share & Forecast

8.3.2.2.1. By Operating Environment

8.3.2.2.2. By Application

8.3.2.2.3. By End User

8.3.3.      Mexico Service Robotics Market Outlook

8.3.3.1.  Market Size & Forecast

8.3.3.1.1.  By Value 

8.3.3.2.  Market Share & Forecast

8.3.3.2.1. By Operating Environment

8.3.3.2.2. By Application

8.3.3.2.3. By End User

9.    Europe Service Robotics Market Outlook

9.1.  Market Size & Forecast

9.1.1.       By Value

9.2.  Market Share & Forecast

9.2.1.      By Operating Environment

9.2.2.      By Application

9.2.3.      By End User

9.2.4.      By Country

9.3.    Europe: Country Analysis

9.3.1.      Germany Service Robotics Market Outlook

9.3.1.1.  Market Size & Forecast

9.3.1.1.1.  By Value 

9.3.1.2.  Market Share & Forecast

9.3.1.2.1. By Operating Environment

9.3.1.2.2. By Application

9.3.1.2.3. By End User

9.3.2.        United Kingdom Service Robotics Market Outlook

9.3.2.1.  Market Size & Forecast

9.3.2.1.1.  By Value 

9.3.2.2.  Market Share & Forecast

9.3.2.2.1. By Operating Environment

9.3.2.2.2. By Application

9.3.2.2.3. By End User

9.3.3.      France Service Robotics Market Outlook

9.3.3.1.  Market Size & Forecast

9.3.3.1.1.  By Value 

9.3.3.2.  Market Share & Forecast

9.3.3.2.1. By Operating Environment

9.3.3.2.2. By Application

9.3.3.2.3. By End User

9.3.4.      Spain Service Robotics Market Outlook

9.3.4.1.  Market Size & Forecast

9.3.4.1.1.  By Value 

9.3.4.2.  Market Share & Forecast

9.3.4.2.1. By Operating Environment

9.3.4.2.2. By Application

9.3.4.2.3. By End User

9.3.5.      Italy Service Robotics Market Outlook

9.3.5.1.  Market Size & Forecast

9.3.5.1.1.  By Value 

9.3.5.2.  Market Share & Forecast

9.3.5.2.1. By Operating Environment

9.3.5.2.2. By Application

9.3.5.2.3. By End User

10. South America Service Robotics Market Outlook

10.1.   Market Size & Forecast

10.1.1.    By Value

10.2.   Market Share & Forecast

10.2.1.    By Operating Environment

10.2.2.    By Application

10.2.3.    By End User

10.2.4.    By Country

10.3. South America: Country Analysis

10.3.1.    Brazil Service Robotics Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1.   By Value 

10.3.1.2. Market Share & Forecast

10.3.1.2.1.   By Operating Environment

10.3.1.2.2.   By Application

10.3.1.2.3.   By End User

10.3.2.     Argentina Service Robotics Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1.   By Value 

10.3.2.2. Market Share & Forecast

10.3.2.2.1.   By Operating Environment

10.3.2.2.2.   By Application

10.3.2.2.3.   By End User

10.3.3.    Colombia Service Robotics Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1.   By Value 

10.3.3.2. Market Share & Forecast

10.3.3.2.1.   By Operating Environment

10.3.3.2.2.   By Application

10.3.3.2.3.   By End User

11. Middle East & Africa Service Robotics Market Outlook

11.1.   Market Size & Forecast

11.1.1.    By Value

11.2.   Market Share & Forecast

11.2.1.    By Operating Environment

11.2.2.    By Application

11.2.3.    By End User

11.2.4.    By Country

11.3. Middle East & America: Country Analysis

11.3.1.    Israel Service Robotics Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value 

11.3.1.2. Market Share & Forecast

11.3.1.2.1.   By Operating Environment

11.3.1.2.2.   By Application

11.3.1.2.3.   By End User

11.3.2.     Qatar Service Robotics Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value 

11.3.2.2. Market Share & Forecast

11.3.2.2.1.   By Operating Environment

11.3.2.2.2.   By Application

11.3.2.2.3.   By End User

11.3.3.    UAE Service Robotics Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value 

11.3.3.2. Market Share & Forecast

11.3.3.2.1.   By Operating Environment

11.3.3.2.2.   By Application

11.3.3.2.3.   By End User

11.3.4.    Saudi Arabia Service Robotics Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value 

11.3.4.2. Market Share & Forecast

11.3.4.2.1.   By Operating Environment

11.3.4.2.2.   By Application

11.3.4.2.3.   By End User

12. Asia Pacific Service Robotics Market Outlook

12.1.   Market Size & Forecast

12.1.1.    By Value

12.2.   Market Share & Forecast

12.2.1.    By Operating Environment

12.2.2.    By Application

12.2.3.    By End User

12.2.4.    By Country

12.3. Asia Pacific: Country Analysis

12.3.1.    China Service Robotics Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1.   By Value 

12.3.1.2. Market Share & Forecast

12.3.1.2.1.   By Operating Environment

12.3.1.2.2.   By Application

12.3.1.2.3.   By End User

12.3.2.     Japan Service Robotics Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1.   By Value 

12.3.2.2. Market Share & Forecast

12.3.2.2.1.   By Operating Environment

12.3.2.2.2.   By Application

12.3.2.2.3.   By End User

12.3.3.    South Korea Service Robotics Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1.   By Value 

12.3.3.2. Market Share & Forecast

12.3.3.2.1.   By Operating Environment

12.3.3.2.2.   By Application

12.3.3.2.3.   By End User

12.3.4.    India Service Robotics Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1.   By Value 

12.3.4.2. Market Share & Forecast

12.3.4.2.1.   By Operating Environment

12.3.4.2.2.   By Application

12.3.4.2.3.   By End User

12.3.5.    Australia Service Robotics Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1.   By Value 

12.3.5.2. Market Share & Forecast

12.3.5.2.1.   By Operating Environment

12.3.5.2.2.   By Application

12.3.5.2.3.   By End User

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   Omron Corporation

15.1.1. Business Overview

15.1.2. Key Financials & Revenue

15.1.3. Key Contact Person

15.1.4. Headquarters Address

15.1.5. Key Product/Service Offered

15.2.   Daifuku Co. Ltd

15.2.1. Business Overview

15.2.2. Key Financials & Revenue

15.2.3. Key Contact Person

15.2.4. Headquarters Address

15.2.5. Key Product/Service Offered

15.3.    Smith & Nephew PLC

15.3.1. Business Overview

15.3.2. Key Financials & Revenue

15.3.3. Key Contact Person

15.3.4. Headquarters Address

15.3.5. Key Product/Service Offered

15.4.   Dematic Corp.

15.4.1. Business Overview

15.4.2. Key Financials & Revenue

15.4.3. Key Contact Person

15.4.4. Headquarters Address

15.4.5. Key Product/Service Offered

15.5.   Stryker Corp.

15.5.1. Business Overview

15.5.2. Key Financials & Revenue

15.5.3. Key Contact Person

15.5.4. Headquarters Address

15.5.5. Key Product/Service Offered

15.6.   Swisslog Holding AG (KUKA)

15.6.1. Business Overview

15.6.2. Key Financials & Revenue

15.6.3. Key Contact Person

15.6.4. Headquarters Address

15.6.5. Key Product/Service Offered

15.7.   Grenzebach GmbH & Co. KG

15.7.1. Business Overview

15.7.2. Key Financials & Revenue

15.7.3. Key Contact Person

15.7.4. Headquarters Address

15.7.5. Key Product/Service Offered

15.8.   Seegrid Corporation

15.8.1. Business Overview

15.8.2. Key Financials & Revenue

15.8.3. Key Contact Person

15.8.4. Headquarters Address

15.8.5. Key Product/Service Offered

15.9.   JBT Corporation

15.9.1. Business Overview

15.9.2. Key Financials & Revenue

15.9.3. Key Contact Person

15.9.4. Headquarters Address

15.9.5. Key Product/Service Offered

15.10.SSI Schaefer AG

15.10.1.  Business Overview

15.10.2.  Key Financials & Revenue

15.10.3.  Key Contact Person

15.10.4.  Headquarters Address

15.10.5.  Key Product/Service Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global service robotics market was estimated to be USD 16.37 Billion in 2022.

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In 2022, aerial was the dominant segment by operating environment in the global service robotics market. With applications spanning surveillance, logistics, communication, and entertainment, its versatility across industries solidifies its commanding presence. Advancements in drone technology and aerial systems further bolster its capabilities, aligning with modern demands for efficiency and connectivity. The aerial segment's steadfast dominance is a testament to its transformative impact, shaping industries and steering the market into a future of endless possibilities.

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Key players in the market are Omron Corporation, Daifuku Co. Ltd, Smith & Nephew PLC, Dematic Corp., Stryker Corp., Swisslog Holding AG (KUKA), Grenzebach GmbH & Co. KG, Seegrid Corporation, JBT Corporation, SSI Schaefer AG, and others.

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Increasing demand for contactless solutions and changing demographics and labor shortages are the major drivers for the global service robotics market.

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Sakshi Bajaal

Business Consultant
Press Release

Service Robotics Market to be Led by Changing Demographics and Labor Shortages across the Globe Through 2028

Nov, 2023

Increasing Demand for Contactless Solutions is driving the Implementation of Service Robotics market across the Globe.

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