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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