Market Insights

According to the report, the Professional Service Robots market was estimated at USD 22 billion in 2021 and is likely to grow at a CAGR of 36.27% during 2022-2028 to reach USD 200.18 billion in 2028.

The prime factors which are likely to drive the professional service robots’ market are innovations and development in 5G technology and AI chipsets, reduced human tasks at various workplaces, low operational expenses, and high Return on Investment (ROI).

Professional service robots are used for helping humans, rather than replacing them. Though these robots have arms, they are unable to perform heavy tasks that can be performed by most industrial robots. There has been a massive demand for these robots, as they offer several advantages, such as increased productivity, greater workplace safety, and streamlined process.

How does the report help?

The reports provided by Stratview Research are a comprehensive analysis of the market potential in various industry applications. The researchers and analysts study the market minutely and focus on the opportunity of the emerging economies of the globe, so that companies can strategically make region specific plans and gain competitive edge.

Key Players

• Boston Dynamics
• Cyberdyne Inc.
• Daifuku Co. Ltd
• GeckoSystems Intl. Corp.
• iRobot Corporation
• KUKA AG
• Northrop Grumman Corporation
• Ontario Drive & Gear Ltd
• Robert Bosch GmbH
• Softbank Robotics Group

KEY BENEFITS:

-        This report helps the users in understanding the strategies adopted by various key players across the globe, for the growth of the Professional Service Robots Market.

-        The report studies the market conditions across all geographic regions and the data compiled here in the report are comprehensively analyzed.

-        The drivers and restraints of this market are systematically analyzed so that the user could make use of every particular driver/opportunity related to the market.

-        The report highlights the value chain analysis that offers key insights to the stake holders of this market.

Segment-Wise Market Analysis

Based on the application type, the market is segmented as logistics, healthcare, military & defense, inspection & maintenance, customer service, field robots, and others. Logistics application is likely to grow at the fastest pace, driven by the requirement for the flexible and speedy delivery of goods in the customer-driven economy.

In terms of regions, Europe led the professional service robots market in 2021, both in terms of value as well as volume, followed by Germany. The region has a strong presence of professional service robot manufacturers that cater to various industry verticals globally. Also, around 50% of logistics system manufacturers are European companies that contribute to a strong market of professional service robots for the logistics application types.

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