The service robotics market is projected to grow from USD 47.10 billion in 2024 to reach USD 98.65 billion by 2029; it is expected to grow at a CAGR of 15.9% from 2024 to 2029.
The primary factor driving the growth of the service
robotics market is mounting adoption of robots to achieve high returns on
investment. Robots are being used more and more for a variety of tasks, with
benefits including improved workplace safety, simpler procedures, and higher
production. The use of service robots has several advantages, including a high
return on investment and a decrease in operating costs (Rol). Recently, service
robots have been deployed for delivery applications in e-commerce by companies
such as Starship Technologies (US), Amazon Robotics (US), and Ford Smart
Mobility (US).
Major Service
Robotics companies include:
- Intuitive
Surgical Operations, Inc. (US)
- DJI
(China)
- Daifuku
Co., Ltd. (Japan)
- JD.com,
Inc. (China)
- iRobot
Corporation (US)
The major players in service robotics market are
iRobot Corporation (US), Softbank Robotics Group (Japan), Intuitive Surgical
Operations, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), JD.com,
Inc. (China), DeLaval (Sweden), Daifuku Co., Ltd. (Japan), DJI (China),
KONGSBERG (Norway), Northrop Grumman (US), Neato Robotics, Inc. (US), KUKA AG
(Germany), LG Electronics (South Korea), Lely (Netherlands), 3DR, Inc. (US),
Stryker (US), and Harvest CROO Robotics LLC (US), among others. The major players
in the service robotics market have predominantly used acquisition and
partnership tactics to strengthen their market position.
Intuitive Surgical Operations, Inc.
Intuitive Surgical Operations, Inc. develops medical
robots used in 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. The product portfolio includes Ion, a
robot-assisted endoluminal platform for minimally invasive peripheral lung
biopsy.
A few of the prominent subsidiaries of Intuitive
Surgical Operations, Inc. are Intuitive Surgical BV (Netherlands), Intuitive
Surgical GK (Japan), Intuitive Surgical Ltd. (UK), and Intuitive Surgical Pte.
Ltd. (Singapore). The company has a presence in the Americas, Europe, and Asia
Pacific. It offers products through direct sales organizations in the US,
Europe (excluding Spain, Portugal, Italy, Greece, and most Eastern European
countries), Japan, South Korea, India, and Taiwan. In the remainder of the markets,
it provides its products through distributors.
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DJI
DJI primarily manufactures commercial unmanned
aerial vehicles (UAVs)/drones. The company’s drones are widely used by
professionals in filmmaking, agriculture, search & rescue, and energy
infrastructure, among other applications. It also manufactures drone
accessories, including aerial gimbals, HD video downlinks, and tuned propulsion
systems.
DJI offers specialized drones, hardware (GNSS mobile
stations, spreading systems, and cameras), and software for use in agriculture,
filmmaking, aerial imaging, construction, and research applications. The
company offers Mavic, a drone used for aerial photography and mapping. The
applications of drones in agriculture include crop spraying, agricultural
photography, and the surveillance of farmlands. Moreover, the company
manufactures the educational robot, RoboMaster, which is used to understand
science, mathematics, physics, and programming through captivating gameplay
modes and intelligent features.
DJI has US, Germany, the Netherlands, Japan, China,
and Hong Kong offices. A few official distributors of the company’s commercial
drones in the US are Drone Nerds, Aerial Influence, AgrowDrone, Empire Drone
Company, and Scorpion Drones.
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