Service Robotics Market by Type (Professional, Personal), by Application (Domestic, Industrial/Commercial), by North America (U.S., Canada), by Europe (Germany, U.K., France, Rest of Europe), by Asia Pacific (China, India, Japan, Southeast Asia, Rest of Asia Pacific), by Middle East & Africa (GCC, South Africa, Rest of the Middle East and Africa), by Latin America (Brazil, Mexico, Rest of South America) Forecast 2024-2032
The Service Robotics Market size was valued at USD 16.35 USD Billion in 2023 and is projected to reach USD 53.33 USD Billion by 2032, exhibiting a CAGR of 18.4 % during the forecast period. Service robotics can be defined as robots which can be used to improve the quality and performance of a human being in non-manufacturing activities. In terms of function, these robots can either be grouped into professional service robots that are used in industries such as healthcare and logistics or personal service robots that are used in bathrooms and in assisting the individual. Some of the characteristics of service robots include perceptual, cognitive, locomotion, and human-robot interaction elements. They are used in various sectors such as healthcare to carry out surgery and caregiving for the elderly; robots for performing stock management and procurement; and delivery robots among several others. Service robotics is associated with a lot of merits. As for healthcare institutions, they increase the number of patients effectively treated and partially assist medical staff in their work. In logistics, they improve the speed and accuracy of inventory decision-making and distribution. The use of personal or assistive robots can help individuals complete their routine tasks to improve their quality of life especially the elderly and the disabled.
Type:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 18.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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