What are the factors driving the professional service robots market?

Professional robots are a type of robot that is considered for use outside of a manufacturing facility within a professional setting. The majority of professional service robots are semi-autonomous or fully autonomous with some form of mobility. Generally, professional service robots work as an assistant to human beings by performing mundane, dangerous, or repetitive activities. Professional service robots offer to improve usability, accurate services, and reduced operational costs. These robots find applications in healthcare, construction, agriculture, military and defense, logistics, supply chain & warehouse, among others.

The global professional service robot market is estimated to account for US$ 109.9 Bn in terms of value by the end of 2027.

Market Dynamics- Drivers

Growing adoption of robots for new applications is expected to drive growth of the global professional service robots market during the forecast period
Professional service robots are being used in a variety of sectors for numerous applications. For instance, in the healthcare sector, mobile medical robots are typically used to deliver medications and other sensitive materials in hospitals. Many robot manufacturing companies have introduced UVD robots that help hospitals to keep their premise sanitized with the help of ultraviolet light. For instance, in May 2020, Vanora Robots Pvt. Ltd., Indian robotics and artificial intelligence startup introduced an unmanned robotic platform to disinfect the rooms of hospitals, schools, etc. with UV light. Furthermore, professional service robots are used in the defense sector for transport, search & rescue, and attack. Thus, these diverse applications are expected to drive growth of the global professional service robots market during the forecast period.

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ncreasing use of IoT in robots for cost-effective predictive maintenance is expected to propel the global professional service robots market growth over the forecast period
The Internet-of-Robotic-Things (IoRT) is an emerging dynamic in the market that combines an autonomous robotic system with the Internet of Things (IoT) capabilities. It combines vision of connected sensors and smart objects prevalently embedded in the environment. IoRT can provide reduced troubleshooting, simplified wiring, automated adjustment, enhanced functioning, and less space occupation. With IoRT, business owners can monitor and analyze the performance of professional service robots. Supply chain businesses have been adopting IoRT effectively and are expected to gain traction in the near future. Therefore, these factors are expected to propel the global professional service robots market growth over the forecast period.

Statistics:

North America held dominant position in the global professional service robots market in 2019, accounting for 36.0% share in terms of value, followed by Asia-Pacific, Europe, and RoW respectively.

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