The service robotics market is estimated to reach USD 84.8 billion by 2028 from USD 41.5 billion in 2023; it is expected to grow at a CAGR of 15.4% from 2023 to 2028. Growing adoption of robots for new applications, surging use of IoT in robots for cost-effective predictive maintenance, and increasing use of disinfection robots due to rising cases of hospital-acquired infections (HAIs) are the few factors driving the growth of the service robotics market.
Intuitive Surgical (US), DJI (China), Daifuku (Japan), iRobot (US), DeLaval (Sweden), Kongsberg Maritime (Norway), Northrop Grumman (US), Neato Robotics (US), KUKA Swisslog (Switzerland), Stryker Corporation (US), Lely (Netherlands), ECA Group (France), 3DR (US), Softbank Robotics (Japan), and Parrot SA (France) are the major companies operating in the service robotics market. Product launches, partnerships, and collaborations are key strategies most companies adopt in the service robotics market. The service robotics market comprises various types of robots, so the overall market is fragmented.
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Intuitive Surgical (US) develops medical robots used for surgical procedures to make surgeries minimally invasive. The business segments include Instruments and Accessories, Systems, and Services. The Systems segment offers surgical robots, such as Da Vinci surgical systems and related instruments and accessories. In June 2022, Intuitive Surgical and Siemens collaborated to integrate a mobile cone-beam CT (CBCT) imaging technology and the Ion Endoluminal System used for robot-assisted bronchoscopy.
iRobot Corporation is one of the prominent players in designing and developing robots for the robotic and consumer products industries. It is the leading global consumer robots company. The company operates through one operating segment, namely Consumer Robots. The key products offered include Roomba Vacuum, Braava Mops, Tera Mows, and Root. Roomba Vacuum is a vacuum cleaning robot equipped with automatic dirt disposal bags. In September 2021, iRobot Corporation launched the Roomba j7+ robot vacuum and new features powered by iRobot Corporation Genius 3.0 Home Intelligence. iRobot Corporation Genius 3.0 is available across the companys entire portfolio of connected robots. The iRobot Roomba j7+ is powered by iRobot Corporation Genius 3.0 and features PrecisionVision Navigation, the Roomba j7+ gets smarter with each use.
DJI primarily manufactures commercial unmanned aerial vehicles (UAVs) and drones. Its drones are widely used by professionals in filmmaking, agriculture, search & rescue, and energy infrastructure, among other applications. Moreover, the company also manufactures the educational robot, RoboMaster, used to understand science, mathematics, physics, and programming through captivating gameplay modes and intelligent features. In May 2021, DJI launched the RoboMaster TT. It includes everything in the Tello EDU with a new extension board, which allows even more AI applications, and powerful hardware, including an open-source computing ESP32 chip, RGB 256 all-color LED light, dot matrix screen, and a ToF sensor. It also features a new swarming software for one-click seamless swarming capabilities with increased stability.
Service Robotics Market by Environment (Aerial, Ground, Marine), Type (Professional, Personal & Domestic), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Education) and Region - Global Forecast to 2028
See Also: Robotics as a Service Companies
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