The professional Service Robot Market is to grow at 26.75% CAGR, with Europe leading the market through 2030

The Professional Service Robot Market is expected to reach USD 138.29 Bn by 2030, The Professional Service Robot Market is driven by technological developments and the growing need for automation and robotics solutions in several sectors.

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Professional Service Robot Market to Hit USD 26.75 Bn by 2030

The Professional Service Robot Market was USD 26.31 Bn in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 26.75 % from 2023 to 2030, reaching USD 138.29 Bn by 2030. PSRs are now able to complete more difficult tasks with increased accuracy and efficiency with the incorporation of artificial intelligence (AI), machine learning, and deep learning. Businesses are also investing in automation solutions as a result of rising labour expenses and compensation. In the logistics industry, Warehouse robots are utilized for order fulfillment and inventory control. For instance, Amazon uses thousands of Kiva robots, which are capable of autonomous navigation and carrying goods to the appropriate place for packaging and shipment. In 2024, the U.S. PSR market is projected to be valued at approximately about 64.6 % of the North American market share.

Professional Service Robot Market Segmentation

By Type: Medical robots are used for Tasks including surgery, rehabilitation, and diagnosis. Key applications are Robots used in surgery, telepresence, rehabilitation, and teleoperation. Field Robots are used in sectors like agriculture, forestry, and environmental monitoring. Defence & Security Robots increase safety by carrying out risky duties like patrolling high-risk locations or defusing bombs. Entertainment Robots are usually made to give interactive experiences at museums, amusement parks, and events.

By End User: Construction, Bricklaying, demolition, site surveying, and material management are among the construction jobs that robots perform. In Agriculture, robots are employed for activities such as agricultural monitoring, weeding, planting, and harvesting. Healthcare Robots are employed in senior care, rehabilitation, cleaning, and even surgery.

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Professional Service Robot Market Regional Analysis

United States, The U.S. market is anticipated to maintain its strong growth, with a compound annual growth rate (CAGR) of around 17.6% from 2024 to 2030. Robots are widely used by the U.S. military and government for bomb disposal, defense, and monitoring. iRobot Corporation is one the key companies that dominate the US market, known for domestic robots like vacuum cleaners.

Germany is a key player in the European robotics market. Over the next several years, the German PSR market is anticipated to increase at a compound annual growth rate (CAGR) of around 16.5%, with notable growth anticipated in 2024-2030 due to developments in automation, robots, and artificial intelligence. German companies such as KUKA, FANUC, and ABB are leading providers of industrial and service robots.

The Chinese PSR market is anticipated to grow at a CAGR of almost 20% between 2024 to 2030. Robotics is now a major component of the Chinese government's Made in China 2025 program. As part of Industry 4.0, China is aggressively investing in robotic systems for smart factories, precise manufacturing, automated assembly lines, and quality control.

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Professional Service Robot Market Competitive Landscape

iRobot Corporation (USA): iRobot Corporation acquired Intuition Robotics and Root Robotics in 2021. In 2022, A potential acquisition of Robotics Technologies was being discussed by iRobot.

KUKA (Germany): Nvidia, a pioneer in AI computing, and KUKA forged a strategic alliance to incorporate Nvidia's GPU-based AI technology into KUKA's robotic systems. In 2022, KUKA acquired SwissLog Healthcare.

Ubtech Robotics (China): UBTECH entered into a collaboration with SoftBank Robotics, a leader in humanoid robots. UBTECH acquired Savioke, a US-based robotics company. Also invested in Robotex, an Estonian company.

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Conclusion

Professional service robots have a bright future ahead of them, with development anticipated in a variety of applications ranging from autonomous robots managing logistics and inspection duties in difficult locations to medical robots assisting with surgery.
Smaller, niche companies also contribute to market growth with innovative solutions targeting specialized industries.

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