Professional Service Robots Global Market Report 2024

Description

Professional Service Robots Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on professional service robots market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for professional service robots? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The professional service robots market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

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
Companies Mentioned: Northrop Grumman Corporation; Boston Dynamics Inc.; Daifuku Co. Ltd.; Aethon Inc.; Electrolux AB
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Professional service robots are designed for use in non-manufacturing professional environments, akin to industrial robots employed in tasks where automation outperforms manual labor.

These robots encompass UAVs, unmanned ground-based vehicles, demining robots, defense robots, construction robots, and more. UAVs, for instance, are autonomous or remotely guided military aircraft equipped with sensors, munitions, or electronic transmitters used for various applications across industries like oil and gas, construction, mining, defense, automotive, medical, logistics, and more, catering to residential, commercial, and industrial needs. These robots offer both hardware and software solutions to meet diverse operational requirements.

The professional service robots market research report is one of a series of new reports from The Business Research Company that provides professional service robots market statistics, including professional service robots industry global market size, regional shares, competitors with a professional service robots market share, detailed professional service robots market segments, market trends and opportunities, and any further data you may need to thrive in the professional service robots industry. This professional service robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The professional service robots market size has grown exponentially in recent years. It will grow from $46.2 billion in 2023 to $64.29 billion in 2024 at a compound annual growth rate (CAGR) of 39.1%. The growth observed in the historical period was driven by several factors, including labor shortages, the development of industry-specific solutions, initiatives aimed at cost reduction, the impact of an aging population, and a collective focus on enhancing safety and efficiency within various sectors.

The professional service robots market size is expected to see exponential growth in the next few years. It will grow to $244.91 billion in 2028 at a compound annual growth rate (CAGR) of 39.7%. Anticipated growth in the upcoming period is linked to several factors, including advancements in AI, innovation within healthcare, developments in logistics and warehousing, the rise of collaborative robots (cobots), and the integration of autonomous vehicles. Noteworthy trends expected in this period encompass a focus on customization and adaptability, adjustments in regulations to accommodate technological advancements, the emergence of personal assistance robots, the increasing use of remote operations and monitoring, as well as advancements in agricultural robotics.

Increasing demand for automation across industries is poised to drive the growth of the professional service robot market in the foreseeable future. Automation, encompassing various technological applications such as IT, business process automation, and personal applications like home automation, offers benefits like enhanced productivity, efficient resource utilization, improved safety, and higher product quality. For instance, as per Bank of America analysis in June 2021, software firms in the US are projected to trim headcount by 3 million by 2022, with around 0.7 million roles expected to be replaced by Robotic Process Automation (RPA) alone, leading to substantial cost savings. This surge in automation demand significantly influences the professional service robot market.

The surge in urbanization is expected to fuel the growth of the professional service robot market in the coming years. Urbanization, characterized by increased population concentration in urban areas, drives a heightened demand for various services. Professional service robots play a pivotal role in meeting the needs of densely populated urban environments across sectors like healthcare, logistics, security, and hospitality. According to a 2022 World Bank report, over half of the global population resides in urban regions, with projections indicating a 1.5-fold increase to 6 billion people by 2045. As urban areas expand at a rate faster than population growth, the demand for professional service robots continues to rise, driving market growth.

Leading companies in the professional service robot market are focused on developing cutting-edge products, such as state-of-the-art robots, to cater to larger customer bases, boost sales, and increase revenue. These state-of-the-art robots represent the pinnacle of technological advancements in robotics, offering advanced features and capabilities. For instance, Amazon introduced Sparrow in November 2022, an intelligent robotic system designed for autonomous identification and management of products in warehouses. Utilizing computer vision and AI, Sparrow revolutionizes industrial robotics technology, enhancing warehouse operations significantly.

Major players in the professional service robot market are innovating by introducing AI-serving robots to expand customer bases, drive sales, and enhance revenue streams. These AI-serving robots are equipped with AI capabilities enabling them to perform diverse service-oriented tasks. For instance, in May 2023, KT Corporation launched two AI service robots with improved weight detection and driving stability features. These robots, equipped with displays for marketing and guidance purposes, are tailored for use in restaurants and various indoor facilities, showcasing the evolving capabilities of service robots.

In April 2021, Accenture expanded its portfolio by acquiring Pollux, a Brazil-based company specializing in automation and industrial robotics. This acquisition bolstered Accenture's offerings across multiple industries by integrating Pollux Automation's expertise in providing industrial robot solutions. Pollux Automation, known for its professional robot solutions, became a significant addition to Accenture's service portfolio.

Major companies operating in the professional service robots market report 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

North America was the largest region in the professional service robots market in 2023 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, Middle East, Africa.

The countries covered in the professional service robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The professional service robots market consists of sales of articulated robots, cartesian robots, SCARA robots, and delta robots. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12984

1. Executive Summary

2. Professional Service Robots Market Characteristics

3. Professional Service Robots Market Trends And Strategies

4. Professional Service Robots Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Professional Service Robots Market Size and Growth

5.1. Global Professional Service Robots Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Professional Service Robots Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Professional Service Robots Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Professional Service Robots Market Segmentation

6.1. Global Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
UAV
Unmanned Ground Based Vehicles
Demining Robots
Defense Robot
Construction Robots
Other Types
6.2. Global Professional Service Robots Market, Segmentation By Offering, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hardware
Software
6.3. Global Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Oil And Gas
Construction And Building
Mining And Metallurgical
Defense And Military
Automotive
Medical
Logistics
Other Applications
6.4. Global Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial
Industrial

7. Professional Service Robots Market Regional And Country Analysis

7.1. Global Professional Service Robots Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Professional Service Robots Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Professional Service Robots Market

8.1. Asia-Pacific Professional Service Robots Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Professional Service Robots Market

9.1. China Professional Service Robots Market Overview
9.2. China Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Professional Service Robots Market

10.1. India Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Professional Service Robots Market

11.1. Japan Professional Service Robots Market Overview
11.2. Japan Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Professional Service Robots Market

12.1. Australia Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Professional Service Robots Market

13.1. Indonesia Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Professional Service Robots Market

14.1. South Korea Professional Service Robots Market Overview
14.2. South Korea Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Professional Service Robots Market

15.1. Western Europe Professional Service Robots Market Overview
15.2. Western Europe Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Professional Service Robots Market

16.1. UK Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Professional Service Robots Market

17.1. Germany Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Professional Service Robots Market

18.1. France Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Professional Service Robots Market

19.1. Italy Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Professional Service Robots Market

20.1. Spain Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Professional Service Robots Market

21.1. Eastern Europe Professional Service Robots Market Overview
21.2. Eastern Europe Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Professional Service Robots Market

22.1. Russia Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Professional Service Robots Market

23.1. North America Professional Service Robots Market Overview
23.2. North America Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Professional Service Robots Market

24.1. USA Professional Service Robots Market Overview
24.2. USA Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Professional Service Robots Market

25.1. Canada Professional Service Robots Market Overview
25.2. Canada Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Professional Service Robots Market

26.1. South America Professional Service Robots Market Overview
26.2. South America Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Professional Service Robots Market

27.1. Brazil Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Professional Service Robots Market

28.1. Middle East Professional Service Robots Market Overview
28.2. Middle East Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Professional Service Robots Market

29.1. Africa Professional Service Robots Market Overview
29.2. Africa Professional Service Robots Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Professional Service Robots Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Professional Service Robots Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Professional Service Robots Market Competitive Landscape And Company Profiles

30.1. Professional Service Robots Market Competitive Landscape
30.2. Professional Service Robots Market Company Profiles
- 30.2.1. Northrop Grumman Corporation
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Boston Dynamics Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Daifuku Co. Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Aethon Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Electrolux AB
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Professional Service Robots Market Competitive Benchmarking

32. Global Professional Service Robots Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Professional Service Robots Market

34. Professional Service Robots Market Future Outlook and Potential Analysis

34.1 Professional Service Robots Market In 2028 - Countries Offering Most New Opportunities
34.2 Professional Service Robots Market In 2028 - Segments Offering Most New Opportunities
34.3 Professional Service Robots Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer