Stratview Research delivers key insights into the global Professional Service Robots Market. According to Stratview Research, the market is segmented by Application Type (Logistics, Healthcare, Military & Defense, Inspection & Maintenance, Customer Service, Field Robots, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Insights

The professional service robots market was estimated at USD 22 billion in 2021 and is likely to grow at a CAGR of 36.27% during 2022-2028 to reach USD 200.18 billion in 2028.

The prime factors which 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).

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 process.

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

-        What is the global demand for the Professional Service Robots Market in terms of revenue?

-        Which are the prominent players in the market?

-        At what CAGR is the market projected to grow within the forecast period?

-        What are the driving factors fuelling the growth of the market?

-        Which region accounted for the largest share in the market?

-        How did the Covid19 impacted the market?

-        How long will it take to recover from the Covid impact?

Market Segments' Analysis

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.

In terms of regions, Europe led the professional service robots market in 2021, 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.

Key Players

The following are some of the key players in the Professional Service Robots Market:

• 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

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