Press release
Exponential Rise in Service Robotics Global Market: Anticipated CAGR of 27.0% to 29.0% Foreseen by 2025
Service Robotics Global Market
What Is The Projected Market Size Of The Service Robotics Global Market Report 2025 And Its Growth Rate?
The service robotics market has been witnessing remarkable growth:
• $60.61 billion in 2024
• Expected to grow to $76.98 billion in 2025 at a CAGR of 27%
• Projected to reach $213.32 billion in 2029 at a CAGR of 29%
The growth is attributed to automation, labor shortages, aging population, healthcare needs, safety in hazardous environments, and service industry's adoption of robotics.
What Is Driving The Growth In The Service Robotics Global Market Report 2025?
The increasing demand for robots, particularly in the healthcare sector, is driving the service robotics market's growth. Businesses that provide medical services and manufacture medical equipment or drugs demand service robots to handle logistical duties, thereby reducing everyday stress on healthcare professionals, and affording them more time to focus on urgent patient needs. This can improve the overall level of patient care. For instance, according to the International Federation of Robotics, as of June 2023, there was a surge in installations of industrial robots in Europe, recorded at 72,000 units in 2022. Thus, this escalated demand will continue to drive market growth.
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Who Are the Key Players Driving Service Robotics Global Market Report 2025 Growth?
Key companies operating in the service robotics market include:
• Parrot SA
• Aethon Inc.
• Honda Motor Co. Ltd.
• Panasonic Holdings Corporation
• Yujin Robot Co. Ltd.
• Samsung Group
• iRobot Corporation
• Robert Bosch GmbH
• Kongsberg Maritime
• Daifuku Co. Ltd.,
• Omron Corporation
• SoftBank Group Corp.
• Boston Dynamics Inc.
• ABB Robotics
• KUKA Roboter GmbH
• FANUC Robotics America Inc.
• Yaskawa Motoman Robotics Inc.
• Universal Robots A/S
• Clearpath Robotics Inc.
• Fetch Robotics Inc.
• Locus Robotics
• Sarcos Robotics
• Knightscope Inc.
• Seegrid Corporation
• Simbe Robotics Inc.
What Are The Key Trends In The Service Robotics Global Market Report 2025?
The key trends in the upcoming years include:
• Adaptive and flexible robots
• Sustainability initiatives
• Digitization of data security and privacy
• Robotic applications in the healthcare sector
• Integration of artificial intelligence elements
What Are The Segments Of The Global Service Robotics Global Market Report 2025?
Market segments include:
1) Type: Professional, Personal And Domestic
2) Component: Hardware, Software
3) Environments: Aerial, Ground, Marine
4) End-User: Healthcare, Defense, Electronics, Automotive, Transportation, Construction, Other
Which Region Leads The Service Robotics Global Market Report 2025?
In 2024, North America was the largest region in the service robotics market. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. This report also covers regions such as Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Service Robotics Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Service Robotics Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Service Robotics Global Market Report 2025 for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Service Robotics Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Service Robotics Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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