Professional Service Robots Market Growth Analysis | 2023-2028

Market Insights

The professional service robots market was estimated at USD 31.25 billion in 2022 and is likely to grow at a CAGR of 35.35% during 2023-2028 to reach USD 200.18 billion in 2028.

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What are professional service robots?

Professional service robots are used for helping humans, rather than replacing them. Though these robots have arms, they are unable to perform heavy tasks that can be performed by most industrial robots. There has been a massive demand for these robots, as they offer several advantages, such as increased productivity, greater workplace safety, and streamlined processes.

Market Dynamics

The prime factors that are likely to drive the professional service robots’ market are innovations and development in 5G technology and AI chipsets, reduced human tasks at various workplaces, low operational expenses, and high Return on Investment (ROI).

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Segment Analysis

By Application Type

Based on the application type, the market is segmented as logistics, healthcare, military & defense, inspection & maintenance, customer service, field robots, and others. Logistics application is likely to grow at the fastest pace, driven by the requirement for the flexible and speedy delivery of goods in the customer-driven economy.

Regional Insights

In terms of regions, Europe led the professional service robots market in 2022, both in terms of value as well as volume, followed by Germany. The region has a strong presence of professional service robot manufacturers that cater to various industry verticals globally. Also, around 50% of logistics system manufacturers are European companies that contribute to a strong market of professional service robots for the logistics application types.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The professional service robots market is segmented into the following categories.

By Application Type

• Logistics
• Healthcare
• Military & Defense
• Inspection & Maintenance
• Customer Service
• Field Robots
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major professional service robot manufacturers are-

• Boston Dynamics
• Cyberdyne Inc.
• Daifuku Co. Ltd
• GeckoSystems Intl. Corp.
• iRobot Corporation
• KUKA AG
• Northrop Grumman Corporation
• Ontario Drive & Gear Ltd
• Robert Bosch GmbH
• Softbank Robotics Group

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain qualitative and quantitative insights.

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the application types by region.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.