The Europe Service Robotics Market would witness market growth of 22.6% CAGR during the forecast period (2022-2028).
Service Robotics is an approach that performs services that are beneficial to the well-being of equipment and humans in a semi- or fully autonomous manner. They remove manufacturing activities and are capable of making informed decisions and acting independently in real-world, uncertain situations to complete tasks. Personal service robots include vacuum cleaners and lawnmowers, as well as elder care, tele- and remote-presence, and entertainment robots, as well as home training and education robots. In one way or another, full-service and partial robots increase productivity. Some service robots are designed to respond and perform well in hazardous areas, while others collect and analyze data. The safety and operation of service robots have received considerable attention.
Many measures are being made to drive the expansion of robotics R&D activities across various sectors as a result of increased government investment in R&D. Additionally, due to technology improvements and the creation of new business models, like the growth of e-commerce and burgeoning retail sectors, countries in this region have implemented robotics solutions. Moreover, there is a significant demand for professional and personal robots in a number of European countries. According to the International Federation of Robotics, due to increased demand from industries including logistics, defense, medical, and retail, Europe had the biggest prevalence of manufacturers at approximately 44 percent. Moreover, with the increased use of robotics solutions across these regions, nations such as Germany, Italy, the United Kingdom, and France are expected to develop significantly in this market.
In hospitals, supermarkets, and other settings, floor-cleaning and microbe-zapping disinfection robots have been introduced. Given the new focus on sanitation and social isolation, some businesses discovered that robotic processes provided a marketing advantage. At least 200,000 EU nationals, mostly from Eastern Europe, who used to work in transportation, agriculture, and logistics have fled the country and are unlikely to return. Even in the defense and military sectors, the employment of service robots is on the rise in the region.
The Germany market dominated the Europe Service Robotics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $11,016.2 million by 2028. The UK market is experiencing a CAGR of 21.5% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 23.5% during (2022 - 2028).
Based on Application, the market is segmented into Domestic, Medical, Public Relation, Entertainment, Education, & Personal, Inspection & Maintenance, Field, Logistics, Defense, Rescue, & Security, Construction & Demolition, Marine, and Others. Based on Environment, the market is segmented into Ground, Aerial, and Marine. Based on Type, the market is segmented into Professional and Personal & Domestic. Based on Component, the market is segmented into Hardware and Software. Based on Hardware Type, the market is segmented into Sensors, Cameras, Power Supply, Control Systems, Airframes, Navigation Systems, Propulsion System & Actuator, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe
Free Valuable Insights: The Global Service Robotics Market Size will Hit $168.6 Billion by 2028, at a CAGR of 23.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kuka AG, Northrop Grumman Corporation, Intuitive Surgical, Inc., iRobot Corporation, General Electric (GE) Co., Cyberdyne, Inc., Daifuku Co., Limited, SoftBank Robotics Group Corporation, Tetra Laval International S.A., and Neato Robotics, Inc.
By Application
By Environment
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