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.
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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