Professional Service Robots Market to reach USD 109.11 Bn by 2029, growing at a CAGR of 26.75 percent and forecast (2023-2029)

<!– Name:DistributionId Value:8845631 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value: –> <!– Name:CustomerId Value:1267597 –> <!– Name:HasMediaSnippet Value:false –> <!– Name:AnalyticsTrackingId Value:c9656c83-dac9-4dcd-b785-7df42fcd7927 –>

Pune, May 24, 2023 (GLOBE NEWSWIRE) — Maximize Market Research, an international business & consultancy firm has recently published a research report on the “Professional Service Robots Market”. The total global market for the “professional service robots” was valued at USD 20.76 Bn in 2022 and is expected to grow at a CAGR of 26.75 percent over the forecast period to reach USD 109.11 Bn by 2029.

Request For Free Sample Report : https://www.maximizemarketresearch.com/request-sample/188073

Professional Service Robots Market Report Scope and Research Methodology

The report presents a comprehensive analysis of the global market overview, segment analysis, competitive landscape, regional analysis, and other key factors. The dynamics of the Professional Service Robots Market such as drivers, restraints, opportunities, and threats are covered in the report. The market is segmented into major regions: North America, Europe, Asia Pacific, The Middle East and Africa, and South America. The report also gives a strategic study of global key market players in the market. The Professional Service Robots Market report provides the key player’s in-depth analysis of the industry, including company profile, revenue, technology development, price, gross margin sales, etc. The market overview of the industry and market development of Professional Service Robots is given in the report. The bottom-up approach was used to estimate the Professional Service Robots Market size. The SWOT analysis was used to study the strengths and weaknesses of the Professional Service Robots Market.

Professional Service Robots Market Overview

A professional service robot is used for commercial tasks. It is operated by a properly trained operator for such applications including robots for public places, delivery robots in offices or hospitals, fire-fighting robots, rehabilitation robots, and surgery robots in hospitals. In this context, an operator is a person designated to start, monitor and stop the intended operation of a robot or a robot system. The growth of hospitals, healthcare, defense, logistics, and other industries are primary driving factors for the market growth.

The increasing demand for Professional Service Robots for various end-use applications to boost the market growth

Technology advancement is a key driver for market growth. In the automation industry, the use of robotic solutions is increasing. Industrial robots automate manufacturing tasks and professional service robots, which are used for various applications. In the commercial sector, it is used for delivery, freighting, rehabilitation and surgery, national security, agriculture, construction, and monitoring purposes. The development of technology and the increasing use of big data as well as AI is expected to drive the market growth across the world. The increasing demand for such robots provides advantages including increased productivity, great workplace safety, required short manufacturing time, and streamlined process.

Get a Sample Copy of the Report : https://www.maximizemarketresearch.com/request-sample/188073

For R&D activities it requires high investment, lack of qualified staff, higher labor cost, and human safety issues are expected to restrict the development of the service robotic industry. However, increasing mobile adoption, and growth of application sectors in developed and developing economies are expected to create lucrative opportunities for the market growth potential. The increasing demand for professional service robots in household’s robots for cleaning, elderly assistance, schooling, entertainment, and hobby purposes is a professional Service Robots Market trend.

In North America, the Professional Service Robots Market is expected to grow at a significant CAGR over the forecast period

In 2022, North America held the largest Professional Service Robots Market share and is expected to maintain its position during the forecast period. The regional market growth is driven by increasing demand for robots in the healthcare and defense sector. The presence of key players, a developed economy, and the increasing adoption of automation and robotics in various industries such as logistics, manufacturing, agriculture, and healthcare are expected to boost market growth. The government and major player investment for R & D is expected to create new opportunities for the Professional Service Robots Market growth during the forecast period.

Professional Service Robots Market Segmentation

By Type:

• Medical Robots
• Field Robots
• Defence & Security Robots
• Inspection & Maintenance Robot
• Entertainment Robots
• Domestic Robots

Based on the Type, the medical robots segment to dominate the Professional Service Robots Market over the forecast period

In 2022, medical robots held the global Professional Service Robots Market share and are expected to grow at a significant CAGR during the forecast period. This segment growth is fuelled by an injuries number of illness population with suffered from major injuries, health damages and other issues. The robots help take patient care, make surgeries and rehabilitation. Well-developed healthcare industry expansion is expected to boost the medical segment growth in the market.

By Technology:

• Sensing & Perception Technology
• Actuation Technology
• Power Source Technology
• Software & Artificial Intelligence Technology
• Human-Robot Interaction Technology

Get Customization on this Report for Specific Research Solutions: https://www.maximizemarketresearch.com/request-customization/188073

Based on Technology, the Sensing and perception technology segment accounted for the Professional Service Robots Market share in 2022

The Sensing and perception technology segment is expected to grow at a significant CAGR during the forecast period in the Professional Service Robots Market. Sensing and perception technology is covered by cameras and sensors, which help to receive wireless signals and recognize human behavioral indications. The increasing use of this technology in hospitals for monitoring patients’ health is a key driving factor for the segment growth in the global market.

By End-User:

• Construction
• Agriculture
• Healthcare
• Education
• Industrial & Commercial
• Military & Law
• Entertainment

Professional Service Robots Market’s Key Players include:

• iRobot Corporation
• Intuitive Surgical Inc.
• Aethon Inc.
• DJI
• KUKA AG
• Honda Motor Co. Ltd.
• Softbank Robotics
• Blue River Technology
• Boston Dynamics
• Cyberdyne Inc.
• ECA Group
• Ekso Bionics
• Fanuc Corporation
• GreyOrange
• Hanson Robotics
• Knightscope Inc.
• Lely Group
• Stryker Corporation
• TransEnterix Inc.
• Universal Robots
• Yaskawa Electric Corporation
• Omron Adept Technologies
• ABB Ltd.
• FANUC Corporation
• Denso Robotics

Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/188073

Key questions answered in the Professional Service Robots Market are:

• What are Professional Service robots?
• What was the Professional Service Robots Market size in 2022?
• What is the expected Professional Service Robots Market size by 2029?
• What is the growth rate of the Professional Service Robots Market?
• What are the key benefits of the Professional Service Robots Market?
• What are the new trends in Professional Service robots?
• What are the driving, opportunity and restraining factors in the global Professional Service Robots Market?
• Which are the factors expected to drive the Professional Service Robots Market growth?
• Which factors are expected to restrain the Professional Service Robots Market growth?
• Which segment dominated the Professional Service Robots Market growth?
• What is the demand pattern for the Professional Service Robots Market?
• Which region held the largest share of the Professional Service Robots Market?
• Who are the key players in the Professional Service Robots Market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2022−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by Type, technology, End-User and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

Maximize Market Research is a leading Automation & Process Control research firm that has also published the following reports:

Professional Service Automation Market: The total market size was valued at USD 979.45 Mn in 2021 and the total revenue is expected to grow at a CAGR of 11.2 percent from 2022 to 2029, reaching USD 2289.92 Mn. The organization’s digitalization and automation development trend is expected to drive market growth.

Professional Mobile Radio (PMR) System Market: The total market size was valued at USD 19.88 Bn in 2021 and the total revenue is expected to grow at a CAGR of 9.1 percent from 2022 to 2029, reaching USD 39.92 Bn. The increasing adoption of PMR systems and reliable PMRs is expected to drive market growth.

IoT Professional Services Market: The total market size was valued at USD 105.62 Bn in 2021 and the total revenue is expected to grow at a CAGR of 8.22 percent from 2022 to 2029, reaching USD 198.7 Bn. The increasing demand for digital transformation of companies is expected to drive market growth.

Self-driving Robots Market: The total market size was valued at USD 457.9 Bn in 2021 and the total revenue is expected to grow at a CAGR of 15.23 percent from 2022 to 2029, reaching USD 1423.6 Mn. The increasing demand for service robots and industrial automation is expected to drive market growth.

Rehabilitation Robots Market: The total market size was valued at USD 0.95 Bn in 2022 and the total revenue is expected to grow at a CAGR of 22.3 percent from 2023 to 2029, reaching USD 4.78 Bn. The increase in the aging population and the growth of the number of strokes that render people immobile are expected to drive market growth.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.