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2024

North America and Europe Service Robotics Systems Market

North America and Europe Service Robotics Systems Market Size, Share, Competitive Landscape and Trend Analysis Report by Component and Application : Opportunity Analysis and Industry Forecast, 2023-2032.

IC : Software and Services

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Author's: Apoorv Priyadarshi & Beesetty Yogendra | Onkar Sumant
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North America and Europe Service Robotics Systems Market Statistics: 2032

The North America and Europe service robotics systems market was valued at $28,980 million in 2022 and is projected to reach $2,48,360.67 million by 2032, growing at a CAGR of 24.0% from 2023 to 2032.

Service robotics system refers to a diverse and rapidly evolving field of technology that involves the design, development, and deployment of robotic systems specifically designed to perform various tasks and services for humans. These robots are intended to operate in environments where human interaction is crucial, such as healthcare, hospitality, logistics, and domestic settings. Unlike industrial robots that are primarily used in manufacturing, service robots are characterized by their ability to navigate dynamic and unstructured environments, interact with people, and perform a wide range of tasks, from assisting individuals with daily activities to providing support in emergency situations. Service robotics systems can encompass a variety of robot types, including social robots, assistive robots, autonomous vehicles, and telepresence robots. The integration of artificial intelligence, advanced sensors, and human–machine interaction technologies is central to the development of efficient and adaptive service robotics systems, making them increasingly integral to enhancing productivity, convenience, and the overall quality of human life.

Key Takeways:

  • By component, the hardware segment held the largest share in the North America and Europe service robotics systems market for 2022.
  • By application, the mining and construction segment is expected to show the fastest market growth during the forecast period.

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Furthermore, the key factors such as rise in demand for professional robots in healthcare, surge in demand for automated solutions from dynamic industries and robot innovations and increase in fund for research on robots are driving the growth of North America and Europe service robotics systems market. However, concerns over data privacy and regulations affect the growth of the market. Contrarily, improvement in robot endurance and capabilities is expected to positively impact the growth of the North America and Europe service robotics systems market in growth during the forecast period.

Several factors contribute to the growth of the service robotics systems market, reflecting the dynamic nature of this field and its potential impact on various industries. Technological advancements play a crucial role, as improvements in artificial intelligence, sensor technologies, and computing power enable robots to perform more complex tasks with greater precision and efficiency. In addition, the decreasing cost of these technologies facilitates wider adoption. The demand for automation in various sectors, such as healthcare, logistics, and customer service, is another significant driver of the market in North America and Europe.

The report focuses on growth prospects, restraints, and analysis of the global North America and Europe service robotics systems market trend. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, the threat of new entrants, threat of substitutes, and bargaining power of buyers on the global North America and Europe service robotics systems market share.

Segment Overview

The North America and Europe service robotics systems market is segmented into component, application, and region. In terms of component, the market is divided into hardware, software, and services. The hardware segment is further segregated into behavior & motion control, sensors, power robot, arm source, and localization & navigation control. By application, the market is fragmented into mining & construction, agriculture and forestry, military, industrial & automobile, and others. The mining & construction segment is subdivided into autonomous excavators, robotic demolition systems, and others.

Furthermore, the agriculture & forestry segment is categorized into agricultural drones, robotic harvesters, and others. By military, it is further classified into unmanned aerial vehicles (UAVs), bomb disposal robots, and others. By industrial & automobile, it is further divided into industrial robotic arms, automated guided vehicles (AGVs), and others. By service & repair, it is subsegmented into telepresence robots, robotic maintenance systems, and others. By transportation & logistics, it is further segregated into automated guided vehicles (AGVs), autonomous delivery robots, and others. By region, the market is analyzed across North America and Europe.

Depending on component, the hardware segment dominated the North America and Europe service robotics systems market size in 2022, owing to miniaturization and increased efficiency in sensor technologies are notable trends, allowing service robots to be equipped with more compact and powerful sensors such as improved cameras, LiDAR, and tactile sensors. However, the services segment is expected to witness highest growth in the North America and Europe service robotics systems market, owing to the healthcare sector, service robots are increasingly being designed to assist with noninvasive surgeries, rehabilitation exercises, and even providing companionship to patients.              

Region-wise, Europe dominated the service robotics systems market share in 2022 and is expected to continue this trend during the forecast period, owing to the increasing integration of artificial intelligence (AI) and machine learning into the service robotics system market enhance their adaptability and decision-making capabilities. This trend presents opportunities for developing advanced algorithms, particularly in natural language processing, computer vision, and autonomous navigation. However, the North America is expected to witness highest growth, owing to increased investment in automation across industries such as 5G connectivity, cloud robotics, and artificial intelligence as well as the development of smarter, faster configurable, and adaptable robotics systems. In addition, North American suppliers are pushing robotics to new heights, launching pilots for semi-autonomous and autonomous robotics, robotic kitchen helpers, underwater inspection robots, and exoskeletons. 

Competition Analysis

On May 2023, YASKAWA partnered with Oishii Farm Corporation to become a global leader in automation in the agricultural and food fields by providing Oishii plant factories with automation systems based on the solution concept “i³-Mechatronics” promoted by Yaskawa, and to contribute toward a sustainable society through the stable food supply.

On December 2023, SoftBank Robotics America partnered with Formant to drive deeper integration across the portfolio of solutions SoftBank Robotics offers to help businesses transform the way they get work done.

On February 2021, Kawasaki Heavy Industries, Ltd. launched automated polymerase chain reaction (PCR) testing system, which operates using Kawasaki-made robots. In addition, the company started testing services using the new PCR testing system, in collaboration with the university, at the Kawasaki Heavy Industries, Ltd. PCR Testing Center at Fujita Health University.

On November 2023, ABB Robotics launched expansion of its industrial SCARA robot portfolio with the addition of the IRB 930. The new robot, compromising three variants capable of handling 12 kg and 22 kg payloads, has been designed to meet the demands of new growth opportunities in traditional and new markets.

On September 2022, iRobot Corp. launched the Roomba Combo j7+, the advanced robot vacuum and mop, along with iRobot OS 5.0 updates. It is designed for busy households with a mixture of carpets, rugs, and hard floors.

Top Impacting Factors  

Increasing fund for research on robots

Boosting funding for research on service robotics systems holds immense potential for driving technological innovation and addressing pressing challenges in various sectors. As a driver advocating for increased investment, it is crucial to delve into the specific areas where these funds can catalyze transformative advancements. Within the healthcare sector, increased research funding can lead to the development of advanced robotic systems that assist in patient care, surgery, and rehabilitation. Service robots can automate routine tasks, allowing healthcare professionals to focus on more complex aspects of patient treatment.

This, in turn, can enhance patient outcomes, reduce medical errors, and alleviate the burden on healthcare staff. In logistics and manufacturing, a heightened focus on service robotics research can revolutionize supply chain management and production processes. Robots equipped with advanced sensing and manipulation capabilities can streamline warehouse operations, improve inventory management, and optimize the overall efficiency of manufacturing processes. This has the potential to enhance productivity, reduce operational costs, and contribute to the growth of industries.

Moreover, increased funding can accelerate the development of service robots for disaster response and search-and-rescue missions. These robots can navigate hazardous environments, locate survivors, and provide critical information to first responders, thus improving the effectiveness of emergency response efforts and minimizing human risk.

Surge in demand for automated solutions from dynamic industries and robot innovations

The surge in demand for automated solutions within dynamic industries, which are characterized by their fast-paced nature and constantly changing operational landscapes, is driving a profound evolution in service robotics systems. Industries such as manufacturing, logistics, healthcare, and retail are actively seeking robotic solutions to address the need for increased efficiency, adaptability, and responsiveness to changing market conditions. The demand is not merely for basic automation but for sophisticated robotic systems that can navigate complex environments, collaborate seamlessly with human workers, and dynamically adjust their operations in real time.

The continuous innovations in robotics are playing a pivotal role in meeting these demands. The advent of advanced technologies, including artificial intelligence, machine learning, and sensor fusion, has further empowered robots with higher levels of autonomy, decision-making capabilities, and adaptability. Innovations such as robotic exoskeletons, drones for warehouse management, and autonomous delivery robots are transforming industries and business models.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the North America and Europe service robotics systems market forecast along with the current trends and future estimations to elucidate the imminent investment pockets.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the North America and Europe service robotics systems market growth is provided in the report.
  • The Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the North America and Europe service robotics systems market analysis.
  • The quantitative analysis of the APAC platform engineering services market for the period 2021–2031 is provided to determine the APAC platform engineering services market potential.

North America and Europe Service Robotics Systems Market Report Highlights

Aspects Details
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By Component
  • Hardware
    • Behaviour and Motion Control
    • Sensors
    • Power Robot
    • Arm Sources
    • Localization and Navigation Control
  • Software
  • Services
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By Application
  • Industrial And Automobile
    • Industrial Robotic Arms
    • Automated Guided Vehicles (AGVs)
    • Others
  • Military
    • Unmanned Aerial Vehicles (UAVs)
    • Bomb Disposal Robots
    • Others
  • Agriculture And Forestry
    • Agricultural Drones
    • Robotic Harvesters
    • Others
  • Transportation And Logistic
    • Automated Guided Vehicles (AGVs)
    • Autonomous Delivery Robots
    • Others
  • Mining And Construction
    • Autonomous Excavators
    • Robotic Demolition Systems
    • Others
  • Service And Repair
    • Telepresence Robots
    • Robotic Maintenance Systems
    • Others
  • Others
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By Key Market Players
  • Yaskawa Electric
  • Amazon Robotics LLC
  • Honda Motor Co. Ltd.
  • Softbank Robotics
  • Kawasaki Heavy Industries
  • ABB Ltd.
  • Alphabet (Google LLC)
  • KUKA AG
  • Fanuc Corporation
  • IRobot Corporation
  • Intuitive Surgical
  • Boston Dynamics
  • Teradyne Corporation
  • Honeywell Robotics
  • Clearpath Robotics

Analyst Review

Service robotics systems represent a strategic approach to navigating the complexities of modern business environments. These executives have recognized that the integration of robotics can lead to significant improvements in operational efficiency, cost-effectiveness, and customer experiences. In healthcare, service robots can play a vital role in automating routine tasks, improving patient care, and optimizing resource utilization. In logistics & supply chain management, the deployment of robotics is seen as a way to streamline processes, enhance accuracy, and respond more effectively to the dynamic demands of the market. In retail & hospitality, the potential of service robots to elevate customer service by providing personalized assistance, managing inventory, and even performing tasks such as cleaning and disinfection.

The CXOs further added that the strategic use of service robotics aligns with broader organizational goals of digital transformation and innovation. The integration of artificial intelligence and automation in service robotics systems is seen as a means to not only address current challenges but also to future-proof businesses by staying at the forefront of technological advancements. Organizations create a competitive edge, adapt to changing market dynamics, and enhance overall business resilience. As these technologies continue to evolve, the CXO perspective emphasizes the need for a thoughtful and strategic approach to ensure successful implementation and maximize the transformative potential of service robotics systems within their organizations.
 

Author Name(s) : Apoorv Priyadarshi & Beesetty Yogendra | Onkar Sumant

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North America and Europe Service Robotics Systems Market

Opportunity Analysis and Industry Forecast, 2023-2032.