Press release
Professional Service Robots Market on Track for Strong Growth, Estimated to Grow at 27.7% CAGR Through 2029
Professional Service Robots Market
What Is the Expected CAGR for the Professional Service Robots Market Through 2025?
The size of the professional service robots market has witnessed a significant expansion over the recent years. The market, which was valued at $58.51 billion in 2024, is expected to reach $73.54 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 25.7%. The substantial market growth observed in the historical period is mainly attributed to factors such as labor shortages, tailor-made solutions for specific industries, cost savings, the rising elderly population, and enhanced safety and efficiency.
What's the Projected Size of the Global Professional Service Robots Market by 2029?
Expectations are high for significant expansion in the professional service robots market in the coming years. The market is projected to reach $195.58 billion in 2029 with an impressive compound annual growth rate (CAGR) of 27.7%. This anticipated growth through the forecasted period can be linked to advances in artificial intelligence, innovations in healthcare, developments in logistics and warehousing, the rise of collaborative robots (cobots), and autonomous vehicles. The primary trends expected during this forecasted period encompass customization and adaptability, adaptation to regulations, the surge of personal assistance robots, remote operations and monitoring, and the introduction of robotics in agriculture.
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Top Growth Drivers in the Professional Service Robots Industry: What's Accelerating the Market?
The anticipated surge in professional service robot market is tied to rising demand for automation across various industries. Automation, a technology application with minimal human involvement, includes information technology (IT), business process automation (BPA), and personal applications such as home automation. It's being increasingly employed across different industries due to its numerous benefits like improved production rates, higher productivity, more efficient material use, heightened safety, a reduction in work hours for labour, enhanced product quality, and fewer manufacturing lead times. Referencing statistics from the International Federation of Robotics, a Germany-based organization focused on supporting and protecting the global robotics industry, there was a 37% increase in robot installations in Canada in 2023 with a total of 4,311 units installed. This growing demand for automation is consequently propelling the expansion of the professional service robot market.
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Which Emerging Trends Are Transforming the Professional Service Robots Market in 2025?
Leading corporations in the professional service robot industry are strategizing to increase their consumer outreach, sales, and revenue by introducing innovative products like advanced robots. These state-of-the-art robots integrate pioneering features, abilities, and advancements, often symbolizing the apex of robotic technological developments. For instance, Amazon, a renowned e-commerce firm from the US, rolled out an intelligent robotic system named Sparrow in November 2022. The value proposition of Sparrow, an avant-garde robotic system in Amazon's warehouses, is its autonomous ability to recognize, select, and oversee individual items within its stock. Sparrow signifies a notable breakthrough in the field of industrial robotics, employing computer vision and artificial intelligence (AI) to manage diverse and vast product ranges into millions.
What Are the Main Segments in the Professional Service Robots Market?
The professional service robots market covered in this report is segmented -
1) By Type: UAV, Unmanned Ground Based Vehicles, Demining Robots, Defense Robot, Construction Robots, Other Types
2) By Offering: Hardware, Software
3) By Application: Oil And Gas, Construction And Building, Mining And Metallurgical, Defense And Military, Automotive, Medical, Logistics, Other Applications
4) By End-Use: Residential, Commercial, Industrial
Subsegments:
1) By UAV (Unmanned Aerial Vehicles): Fixed-Wing UAVs, Multi-Rotor UAVs, Hybrid UAVs
2) By Unmanned Ground Based Vehicles (UGVs): Wheeled UGVs, Tracked UGVs, Legged Robots
3) By Demining Robots: Manual Demining Robots, Remote-Controlled Demining Robots, Autonomous Demining Robots
4) By Defense Robots: Surveillance Robots, Explosive Ordnance Disposal (EOD) Robots, Combat Support Robots
5) By Construction Robots: Bricklaying Robots, Concrete Printing Robots, Demolition Robots
6) By Other Types: Agricultural Robots, Medical Robots, Hospitality Robots, Underwater Robots
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Which Top Companies are Driving Growth in the Professional Service Robots Market?
Major companies operating in the professional service robots market are Northrop Grumman Corporation, Boston Dynamics Inc., Daifuku Co. Ltd., Aethon Inc., Electrolux AB, Kuka AG, iRobot Corporation, Robert Bosch GMBH, Elbit Systems Ltd., Gecko Systems International Corporation, Yujin Robot Co. Ltd., Cyberdyne Inc., Ontario Drive & Gear Ltd., Softbank Robotics Group, Ryonic Robotics, Brokk AB, Husqvarna Group, Beijing Borui Intelligent Control Technology, Honeybee Robotics LLC, Pure Technologies Ltd., Hanool Robotics Crop., Diakont, Conjet AB, TopTec Spezialmaschinen GmbH, ULC Robotics International Limited, Giant Hydraulic Tech Co. Ltd., Intuitive Surgical Inc., JD.com Inc., Samsung Electronics Co. Ltd., SZ DJI Technology Co. Ltd., Kongsberg Maritime AS, DeLaval International AB, Exyn Technologies, XAG Co Ltd., Diligent Corporation
Which Regions Will Dominate the Professional Service Robots Market Through 2029?
North America was the largest region in the professional service robots market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the professional service robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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