A rapid growth in the service industries and the pressing need to
adapt to the changing demand of the consumers, market challenges and
a rapid advancement in technology with a backdrop of cut throat
competition are the factors responsible for the growth of the
professional services robots market. Robots have made their presence
felt already in the realm of industrial automation where they are
employed for carrying out repetitive tasks. However, with
advancements in the fields of machine learning, artificial
intelligence, cognitive science and adaptive computing are enabling
the robots to assist humans in a variety of tasks.
The development of technologically advanced robots that have an
improved intelligence and can perform touch-sensitive tasks in a
better manner and in addition also have the ability to interact with
humans seamlessly will help their better adoption in fields such as
healthcare.
The global professional
services robots market is slated to touch a value of about US$
7,400 Mn in the year 2022 and grow at a robust CAGR during the
assessment period.
4 Forecast Highlights on Global Professional Services Robots Market
As per the forecast of Persistence Market Research, the professional
cleaning segment is slated to touch a value of nearly US$ 650 Mn in
the year 2022. This represents a robust CAGR growth during the
assessment period of 2017-2022. The professional cleaning segment is
estimated to account for nearly one-tenth of the revenue share of the
application segment by the year 2017 and is forecasted to lose market
share by 2022 over 2017.
As per the forecast of Persistence Market Research, the inspection &
maintenance segment will reach a value of about US$ 180 Mn in the
year 2017. This represents a robust CAGR growth during the forecast
period. The inspection & maintenance segment is forecasted to
account for a miniscule share of the total revenue share of the
application segment by the end of the year 2017 and is expected to
lose in market share by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the water-based segment is slated to reach a value of nearly US$ 1,800 Mn in 2022. The water-based segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the North America region in the water based segment.
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Persistence Market Research forecasts the U.S. professional services robots market to exhibit a compound annual growth rate (CAGR) of more than 20% from 2017 to 2022.
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The report has also included the profiles of some of the leading companies in the professional services robots market like Kuka AG, Robert Bosch GMBH, AB Electrolux, Northrop Grumman Corporation, Boston Dynamics, Inc., iRobot Corporation, Gecko Systems International Corporation, Daifuku Co., Ltd., Yujin Robot Co., Ltd, Aethon Inc. and Elbit Systems Ltd.
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