[190 Pages Report] The Service Robotics Market size was estimated at USD 61.85 billion in 2023 and expected to reach USD 72.20 billion in 2024, at a CAGR 17.58% to reach USD 192.20 billion by 2030.
The service robotics market shows a highly evolving landscape in the Americas owing to the highly established industrial sector and increasing application of service robotics in various industries, including aerospace & defense, agriculture, food & beverage, education, and eCommerce. The growing interest in agricultural automation leads to elevated research activities for developing service robotics in the APAC and EMEA regions. The European Commission invests in the research and development of robots, including service robots in various sectors to develop novel products, use in search & rescue, inspection and monitoring of transportation, logistics, and agriculture. Vacuuming and other indoor domestic floor cleaning robots are currently the most used applications. This service robot is available in almost every convenience store, making it easily accessible to consumers, are expected to increase its adoption from the commercial and industrial sectors rapidly.
The FPNV Positioning Matrix is pivotal in evaluating the Service Robotics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Service Robotics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Pudu Robotics to Expand Service Scenarios with Its Proprietary Upgraded PUDU VSLAM+
Pudu Robotics, a service robotics company, has announced the expansion of their service scenarios with their upgraded Pudu VSLAM technology. This proprietary technology allows their robots to accurately navigate indoor spaces and identify specific locations, enhancing their ability to provide efficient and effective service. With this expansion, Pudu Robotics is positioning themselves as leaders in the service robotics market, providing innovative solutions for industries such as healthcare, hospitality, and retail. This move highlights the company's commitment to improving and evolving their technology to meet the needs of their customers. [Published On: 2023-03-31]
Agility Robotics Launches Next Generation of Digit: World’s First Human-Centric, Multi-Purpose Robot made for Logistics Work
Agility Robotics has recently launched the next generation of their groundbreaking Digit robot, revolutionizing the field of service robotics. The Digit is the world's first human-centric, multi-purpose robot that is specifically designed for logistics work, making it an exciting innovation for the industry. The Digit represents a major step forward in robotics, possessing the ability to navigate environments specifically designed for people and holding a capacity for balancing and grasping capabilities that allow it to handle various items. This next-generation robot will change how logistics work is done, and the industry is sure to be anticipating its arrival in 2023. [Published On: 2023-03-20]
Pudu Robotics Raises Another USD15 million to Expand Its Fleet of Restaurant Delivery and Cleaning Robots
Pudu Robotics has recently raised USD15 million to expand its fleet of restaurant delivery and cleaning robots. As a key player in the service robotics market, Pudu Robotics has been successful in revolutionizing the foodservice industry by providing efficient, cost-effective, and reliable solutions. With this new funding, the company will continue to invest in its innovative technology and expand its product portfolio. By enhancing the automation of restaurant operations, Pudu Robotics is helping to improve the quality and speed of service while reducing labor costs. This new development showcases the importance of robotics in modern society and their potential to transform a wide range of industries. [Published On: 2023-02-18]
The report delves into recent significant developments in the Service Robotics Market, highlighting leading vendors and their innovative profiles. These include ABB Group, Agility Robotics, Bae Systems PLC, Beyond Imagination, Inc., Brain Corporation, Daifuku Co., Ltd., ECA Group, Engineered Arts Ltd., Fujitsu Limited, Geckosystems Intl. Corp., General Dynamics Mission Systems, Inc., General Electric Company, General Motors Company, GrayMatter Robotics, Hajime Research Institute, Ltd., Hanson Robotics, Limited, Honda Motor Co., Ltd., Hyundai Motor Group, Intuitive Surgical, Inc., Irobot Corporation, Kawasaki Heavy Industries, Ltd., Keenon Robotics Co., Ltd., Kongsberg Gruppen ASA, Kuka AG, Medtronic PLC, OmniGuide Inc., Omron Corporation, PAL Robotics, Promobot LLC, Samsung Electronics Co., Ltd., Scandit Group, SoftBank Robotics Group Corp., Tokyo Robotics Inc., Toyota Motor Corporation, and Ubtech Robotics Corp Ltd..
This research report categorizes the Service Robotics Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Component
- Hardware
- Actuators
- Airframe
- Cameras
- Control Systems
- Navigation Systems
- Power Supply
- Propulsion Systems
- Sensors
- Software
- Hardware
- Operating Environment
- Aerial
- Ground Based
- Marine
- Application
- Aerospace & Defense
- Agriculture
- Automotive & Transportation
- Chemicals & Advanced Material
- Consumer Goods & Retail
- Education
- Energy & Utilities
- Food & Beverage
- Media & Entertainment
- Semiconductor & Electronics
- Telecommunication
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast of the Service Robotics Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Service Robotics Market?
- What are the technology trends and regulatory frameworks in the Service Robotics Market?
- What is the market share of the leading vendors in the Service Robotics Market?
- Which modes and strategic moves are suitable for entering the Service Robotics Market?
- Preface
- Research Methodology
- Executive Summary
- Market Overview
- Market Insights
- Service Robotics Market, by Component
- Service Robotics Market, by Operating Environment
- Service Robotics Market, by Application
- Americas Service Robotics Market
- Asia-Pacific Service Robotics Market
- Europe, Middle East & Africa Service Robotics Market
- Competitive Landscape
- Competitive Portfolio
- List of Figures [Total: 22]
- List of Tables [Total: 400]
- List of Companies Mentioned [Total: 35]
Improved Efficiency in Manufacturing:
One of the major benefits of incorporating service robotics in the pharmaceutical industry is improved efficiency in manufacturing. Traditional manufacturing methods can often be slow and labor-intensive, leading to longer processing times and potential errors. However, service robots can automate repetitive and tedious tasks, leading to a more streamlined and efficient manufacturing process. This not only helps to reduce costs but can also result in a faster production cycle and quicker time-to-market for products.
Increased Precision and Accuracy:
When it comes to manufacturing surgical and diagnostic devices, precision and accuracy are of the utmost importance. Even small errors or inconsistencies can have significant consequences for patients and end-users. Service robotics can help to ensure that each device is manufactured to precise specifications, with minimal room for error or deviation. This helps improve patient outcomes and reduces the risk of product recalls or quality-related issues.
Enhanced Safety for Workers:
Traditional manufacturing methods often require workers to perform repetitive or physically demanding tasks, which can increase the risk of workplace injury. By utilizing service robotics, companies can reduce the physical strain on workers and create a safer working environment. Robots can also be used for tasks that are too dangerous or hazardous for humans to perform, such as handling toxic materials or working in sterile environments.
Cost-Effective Manufacturing:
While the initial investment in service robotics may seem daunting, the long-term benefits can far outweigh the costs. Companies can reduce labor costs and increase efficiency by automating tasks and streamlining the manufacturing process. Additionally, service robots can work around the clock without requiring breaks or time off, further increasing their cost-effectiveness. This makes them an attractive option for companies looking to improve their bottom line while maintaining high quality and safety levels.
Advancements in Robotics Technology:
As technology continues to advance, so do the capabilities of service robotics in the pharmaceutical industry. From improved sensors and cameras to more sophisticated artificial intelligence and machine learning, service robots are becoming more advanced and versatile. This opens up new possibilities for their use in manufacturing, research, and other areas within the pharmaceutical industry.
Service robotics has become a valuable asset in the pharmaceutical industry, helping to improve efficiency, accuracy, safety, and cost-effectiveness in manufacturing surgical and diagnostic devices. As demand for these technologies continues to grow, we can expect to see even more innovative applications and developments in the future. By embracing the benefits of service robotics, companies in the pharmaceutical industry can stay ahead of the curve and ensure they remain competitive in an ever-evolving market.
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