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Call for Better and Affordable Performance without doing away with Humans to drive the Professional Service Robots Market

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RaaS (Robots-as-a-Service) comes across as an upcoming business model. It does combine technologies like cloud computing, AI, and shared services. Robotics companies, through this model, do lease robotic services in the form of cloud-based services.

The basic purpose of professional service robots is that of assisting humans and not replacing them. With AI chipsets and 5G technology doing the rounds, MEC (Multi-access Edge Computing) is bound to provide better scalability and capacity. Persistence Market Research has walked through these facts with probable call to action in its latest market study entitled “Professional Service Robots Market”.

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Professional Service Robots Market Dispersion

The global professional service robots market, by application, spans field robotics, professional cleaning, inspection & maintenance, construction & demolition, logistics, medical robots, rescue & security, underwater, public relation, and others. By form factor, it’s water-based, land-based, and wearable robots. Persistence Market Research has etched these facts with future prospects in its latest market study entitled “Professional Service Robots Market”.

Global Professional Services Robots Market.jpg

Region-wise Slingshot

Europe holds more than 40% of the market share. Germany leads from the front. This could be credited to the fact that 50% of the manufacturers of professional service robots are based out of Europe. This region also has various interdisciplinary research capabilities in robotics technology. For instance – Bristol Robotics Laboratory has come into being out of collaboration between the University of the West of England and University of Bristol.

Coming to North America, Canada-based RoboDK, in May 2020, entered into partnership with RobCo SWAT for rendering robotic simulation software solutions to automotive vertical. The Asia-Pacific is also expected to pick up pace in the forecast period. This could be reasoned with countries like South Korea, Japan, Singapore, and India witnessing a higher demand for inspection robots like AUVs (Autonomous Underwater Vehicles) and ROVs (Remotely Operated Vehicles).

Competitive Landscape

Persistence Market Research has enlisted the key players in professional service robots market as Northrop Grumman Corporation, Daifuku Co. Ltd., AB Electrolux, iRobot Corporation, Elbit Systems Ltd., Yujin Robot Co. Ltd., Gecko Systems International Corporation, Robert Bosch GmbH, Kuka AG, Aethon Inc., Boston Dynamics Inc., and likewise. It has also mentioned about the developments on this count. For instance – Amazon.com, in 2019, acquired Canvas Technology (a warehouse service robotics company based out of the US). AB Electrolux, in March 2018, did introduce Pure i9 robotic vacuum all across the US.

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The Way Ahead

The global professional service robots market will grow on a robotic note in the next 10 years – Persistence Market Research

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