Global Service Robotics Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

Recent Developments

• In September 2022, Avidbots, a robotics company based in Canada, raised USD 70 million in the Series C funding round. The company primarily develops autonomous cleaning robots and has built Neo 2, a robotic floor cleaner designed for commercial environments such as warehouses, airports, and shopping malls.

• In September 2022, Jacky's Business Solutions, a leading B2B technology solutions provider, announced a showcase of its latest iteration of Temi Robot (V3) at the Gitex event. The company launched this new personal assistance robot in the Middle East with Robot-as-a-service (RaaS) business model.

The global service robotics market can be segmented based on various factors including application, industry vertical, and geography. In terms of application, service robots are deployed across a wide range of sectors such as healthcare, retail, logistics, hospitality, agriculture, and personal assistance. Each application segment presents unique opportunities and challenges, driving the demand for specialized robotic solutions tailored to specific tasks and environments.

The industry verticals that utilize service robotics vary significantly, with healthcare being one of the largest adopters due to the need for automation in tasks such as patient care, surgery assistance, and disinfection. Retail and logistics industries are also major players in the service robotics market, leveraging robots for inventory management, order fulfillment, and last-mile delivery. Other sectors, such as agriculture and hospitality, are increasingly exploring the potential of service robots to enhance efficiency and productivity in their operations.

The global service robotics market exhibits regional variations in terms of adoption rates, regulatory environment, and technological infrastructure. While developed regions like North America and Europe lead in terms of market maturity and investment in research and development, emerging economies in Asia-Pacific, Latin America, and Africa present untapped opportunities for market expansion. As these regions undergo rapid urbanization and industrialization, the demand for service robotics is expected to surge, driven by the need for automation and labor-saving solutions.

Global Service Robotics Market Analysis

In this report, the Global Service Robotics Market has been Segmented by Environment, Type, Component, Application and Geography.

Global Service Robotics Market, Segmentation by Environment

The Global Service Robotics Market has been segmented by Environment into Aerial Commercial Drones & Consumer Drones, Ground Automated Guided Vehicles, Cleaning Robots, Agricultural Robots, Surgical Robots, Entertainment & Leisure Robots, Inspection Robots, Humanoid Robots, and Others.

Aerial commercial drones and consumer drones represent a significant segment, utilized for tasks such as aerial photography, surveillance, and package delivery. Their versatility and maneuverability make them invaluable assets across industries ranging from agriculture to logistics and entertainment.

Ground automated guided vehicles (AGVs) play a vital role in warehouse automation and material handling, offering efficient transportation of goods within industrial facilities. Cleaning robots have gained prominence in both residential and commercial settings, offering automated solutions for floor cleaning and maintenance. In sectors such as hospitality and healthcare, cleaning robots contribute to maintaining hygiene standards while reducing manual labor.

Agricultural robots have revolutionized farming practices, enabling precision agriculture techniques such as autonomous crop monitoring, planting, and harvesting. These robots enhance efficiency and productivity while minimizing resource wastage and environmental impact. Surgical robots have transformed the field of healthcare, enabling minimally invasive procedures with enhanced precision and control, thereby improving patient outcomes and reducing recovery times.

Entertainment and leisure robots cater to diverse applications such as theme parks, museums, and personal entertainment, offering interactive experiences and entertainment options. Inspection robots are utilized in industrial environments for tasks such as pipeline inspection, structural assessment, and maintenance, enhancing safety and efficiency in hazardous or hard-to-reach areas.

Humanoid robots represent a cutting-edge segment that mimics human-like characteristics and behaviors, finding applications in research, entertainment, and assistance roles. Other segments encompass a wide range of specialized robots catering to specific industries or niche applications, reflecting the ever-expanding scope and potential of the global service robotics market.

Global Service Robotics Market, Segmentation by Type

The Global Service Robotics Market has been segmented by Type into Professional, Personal, and Domestic.

The professional segment encompasses robots designed for industrial, commercial, and institutional use, where they serve specialized functions across diverse industries. These professional service robots are tailored to perform tasks such as manufacturing, logistics, healthcare, agriculture, and inspection, contributing to efficiency, productivity, and safety in the workplace.

Personal service robots cater to individual consumers, offering assistance and convenience in daily tasks and activities. These robots can range from companion robots designed to provide social interaction and emotional support to household robots that assist with chores such as cleaning, cooking, and home maintenance. Personal service robots enhance quality of life and independence for users, particularly the elderly or individuals with disabilities, by augmenting their capabilities and enabling greater autonomy.

Within the domestic segment, service robots are specifically designed for household applications, addressing common tasks and challenges encountered in residential settings. These robots include vacuum cleaners, lawn mowers, pet feeders, and security robots, among others, which streamline household chores and enhance comfort and security for homeowners. The domestic service robotics market is driven by factors such as urbanization, changing lifestyles, and the growing demand for smart home solutions that offer convenience and efficiency.

Global Service Robotics Market, Segmentation by Component

The Global Service Robotics Market has been segmented by Component into Hardware - Airframes, Sensors, Cameras, Actuators, Power Supply, Control Systems, Navigation Systems, Propulsion Systems, and Others.

Hardware category, various components play essential roles in enabling the functionality and performance of service robots across different environments and applications. Airframes serve as the structural framework of aerial drones and robotic platforms, providing stability and support for onboard equipment and payloads.

Sensors are crucial components that enable robots to perceive and interact with their surroundings, facilitating tasks such as navigation, obstacle avoidance, and object detection. Cameras play a vital role in capturing visual information, allowing robots to analyze and interpret their environment, identify objects, and perform tasks with precision. Actuators are responsible for converting electrical signals into mechanical motion, enabling robots to move and manipulate objects with dexterity and accuracy.

Power supply systems provide the energy required to operate service robots, whether through batteries, fuel cells, or other power sources. Control systems serve as the brain of the robot, coordinating its actions and responses based on sensor inputs and programmed algorithms. Navigation systems enable robots to navigate autonomously within their environment, utilizing techniques such as GPS, LiDAR, and inertial navigation.

Propulsion systems are essential for aerial and ground-based robots, providing the means for locomotion and maneuverability. Other hardware components encompass a range of supplementary systems and subsystems that contribute to the overall functionality and performance of service robots, including communication modules, manipulators, grippers, and payload interfaces.

Global Service Robotics Market, Segmentation by Application

The Global Service Robotics Market has been segmented by Application into Domestic Floor Cleaning, Lawn Mowing, Pool Cleaning, and Others.

Domestic floor cleaning robots represent one of the most widely adopted categories, offering automated solutions for vacuuming, mopping, and sweeping floors in homes and apartments. These robots utilize sensors and navigation systems to traverse indoor environments, detecting obstacles and navigating around furniture and other objects with precision.

Lawn mowing robots cater to homeowners seeking efficient and hands-free solutions for maintaining their outdoor spaces. These autonomous robots are equipped with cutting blades and navigation systems that enable them to mow lawns independently, following predefined paths or adapting to the contours of the terrain. By eliminating the need for manual labor and reducing noise and emissions compared to traditional gas-powered mowers, lawn mowing robots offer convenience and environmental benefits for users.

Pool cleaning robots are designed to automate the task of cleaning and maintaining residential swimming pools, removing debris, algae, and other contaminants from the water and surfaces. These robots are equipped with brushes, filters, and suction mechanisms that enable them to scrub and vacuum pool floors and walls, ensuring cleanliness and water quality while minimizing the need for manual cleaning and maintenance.

Global Service Robotics Market, Segmentation by Geography

In this report, the Global Service Robotics Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Service Robotics Market Share (%), by Geographical Region, 2023

In 2020, Europe dominated the market share, while Asia-Pacific is anticipated to exhibit the highest Compound Annual Growth Rate (CAGR) in the forecast period. Europe stands out as both the leading manufacturer and consumer of robots, particularly in diverse applications like delivery, security & inspection, and disinfection. Notably, the healthcare sector in Europe has seen significant deployment of disinfection robots within hospitals. Furthermore, numerous hospitals across the region are adopting robotic systems to amplify the advantages of robot-assisted surgery.

A prime example is Medtronic Plc's introduction of the Hugo RAS System in October 2021, designed for gynecologic and urologic procedures. Beyond healthcare, various retail outlets and public spaces have adopted disinfection robots, especially in response to the challenges posed by the COVID-19 pandemic. For instance, the Milan Malpensa International Airport in Italy integrated disinfection robots in June 2020 to sanitize and curb the spread of viruses among travelers.

The expansion of industries in Germany has led to the implementation of robotic systems to alleviate workload pressures on employees. In the textile industry, robots play a crucial role in handling and palletizing heavy twin reels, offering relief to workers while boosting productivity. A notable example is the installation of ABB's IRB 6700 robot at Huesker, a German textile company, in September 2021. The ABB IRB 6700 efficiently collects finished reels from production equipment, transports them to other machines for further processing, and arranges them into pallets for shipment.

This report provides an in depth analysis of various factors that impact the dynamics of Global Service Robotics Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers

• Advancements
• Automation
• Efficiency
• Labor Shortage

• Cost Reduction - Cost reduction is a critical goal for businesses across industries, and the adoption of service robotics presents a promising avenue for achieving this objective. By leveraging automation and robotics technology, companies can streamline operations, improve efficiency, and optimize resource utilization, ultimately leading to significant cost savings.

  One way service robotics contributes to cost reduction is through increased productivity and throughput. Robots can perform repetitive tasks with precision and consistency, often at a faster pace than human workers. This improved efficiency translates to higher output levels within the same time frame, allowing businesses to meet demand more effectively without the need for additional labor resources. By maximizing production capacity and minimizing idle time, companies can optimize their investment in equipment and infrastructure, thereby reducing per-unit production costs.

  Service robotics can help minimize labor costs by automating tasks that would otherwise require manual intervention. With rising labor costs and shortages in certain industries, particularly manufacturing and logistics, automation offers a viable solution for reducing dependency on human workers while maintaining or even improving productivity levels. By reallocating labor resources to higher-value tasks that require human expertise and creativity, businesses can enhance overall operational efficiency and competitiveness.

  Service robotics can contribute to cost reduction by improving quality and reducing errors in production processes. Robots are capable of performing tasks with a high degree of accuracy and consistency, minimizing defects and rework compared to manual labor. This reduction in defects not only lowers the cost of scrap and rework but also improves overall product quality and customer satisfaction, leading to potential cost savings through lower warranty claims and customer complaints.

Restraints

• Regulation
• Cost
• Integration
• Privacy Concerns

• Technical Limitations - While service robotics hold immense promise for various applications, they are also subject to technical limitations that can impact their effectiveness and reliability. One significant technical limitation is the complexity of robot-human interaction and environment sensing. While robots are becoming increasingly adept at perceiving and navigating their surroundings, they may still struggle to adapt to dynamic and unstructured environments, leading to errors and safety concerns. Challenges such as object recognition, path planning, and collision avoidance remain areas of active research and development, requiring advancements in sensor technology, artificial intelligence, and robotics algorithms to overcome.

  Another technical limitation of service robotics is the issue of scalability and adaptability to diverse tasks and environments. Many robotic systems are designed for specific applications or environments, making it difficult to repurpose them for new tasks or deploy them across different settings. Achieving scalability and versatility requires modular designs and flexible architectures that can accommodate changes in requirements and operating conditions. Additionally, interoperability between different robotic platforms and systems is essential for seamless integration into existing workflows and infrastructure, but it remains a challenge due to proprietary technologies and standards fragmentation.

  Technical limitations related to power and energy efficiency can constrain the capabilities and autonomy of service robots. While advancements in battery technology have improved the energy density and lifespan of robot batteries, power constraints remain a limiting factor for prolonged operation, particularly in applications requiring continuous or intensive use. Addressing these limitations requires innovations in energy storage, management, and harvesting, as well as optimization of robot design and control algorithms to minimize power consumption while maximizing performance.

Opportunities

• Emerging Markets
• Aging Population
• Customization
• Remote Operations

• AI integration - The integration of artificial intelligence (AI) represents a transformative advancement in service robotics, unlocking new capabilities and functionalities that enhance automation, decision-making, and adaptability. AI algorithms enable robots to analyze vast amounts of data in real-time, learn from experience, and make intelligent decisions autonomously, without human intervention. This integration empowers service robots to perform complex tasks with greater efficiency, accuracy, and autonomy, thereby expanding their potential applications across diverse industries and environments.

  One significant area of AI integration in service robotics is in perception and cognition. AI-powered perception systems enable robots to interpret sensory inputs, such as visual, auditory, and tactile information, and extract meaningful insights about their surroundings. This enhanced perception facilitates tasks such as object recognition, scene understanding, and navigation in dynamic and unstructured environments. By leveraging deep learning and computer vision techniques, robots can accurately identify objects, assess their spatial relationships, and adapt their behavior accordingly, enabling more robust and versatile operation in real-world settings.

  AI integration in service robotics is in decision-making and planning. AI algorithms enable robots to generate optimal action sequences based on input data, task objectives, and environmental constraints, allowing them to plan and execute complex tasks efficiently. Whether it's navigating through cluttered environments, coordinating with other robots, or responding to unforeseen obstacles, AI-powered planning and decision-making capabilities enable service robots to adapt and succeed in dynamic and uncertain scenarios. Reinforcement learning techniques further enhance robots' ability to learn from experience and improve their performance over time, enabling continuous optimization and adaptation to changing conditions.

Key players in Global Service Robotics Market include :

• Irobot
• Softbank Robotics Group
• Intuitive Surgical
• Delaval
• Daifuku
• Cyberdyne
• DJI
• Kongsberg Maritime
• Northrop Grumman
• Neato Robotics

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis