Service Robotics - Brazil | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$316.30m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$275.00m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -5.83%, resulting in a market volume of US$234.30m by 2029.
In global comparison, most revenue will be generated United States (US$8.68bn in 2024).

Definition:

The Service Robotics market presents the market size of robotics in service use cases, e.g., commercial service robots or consumer service robots. Service robots are intended for personal or professional use and are designed to assist humans in carrying out certain tasks.

A robot is defined as a powered machine that is programmable on two or more axes and has some degree of autonomy; it moves within its environment to perform its programmed tasks.

Structure :

The Commercial Service Robotics and Consumer Service Robotics markets can be found within the Service Robotics market. The Commercial Robotics market is further split into a range of service industries that have the highest adoption of robots. This includes agriculture service robotics, logistics service robotics, medical service robotics, and all other service industries, which are all covered by the Other Industry Robotics market.

Additional information:

The market comprises revenues, volume, and the average price per new installed robot. The market displays both B2B and B2C revenues, and the revenue is based on the country’s demand for robot. It is shown in manufacturer prices. Software revenues are included as service robots are mostly delivered with software solutions that have been implemented by the manufacturer.

Key players in the market include Intuitive Surgical, ABB, and iRobot.

For more information on the data displayed, use the info button right next to the box.

Commercial Service Robotics
Consumer Service Robotics

robots used in industrial use cases

The Service Robotics market in Brazil is facing minimal decline due to factors such as slow economic growth and reduced investment in the country. However, the market is still driven by increasing adoption of digital technologies and the convenience offered by online services. Rising health awareness among consumers also contributes to the market's growth.

Customer preferences: As consumers in Brazil become more accustomed to the convenience of e-commerce and online services, there is a growing demand for service robotics in various industries. This trend is particularly evident in the healthcare sector, where there is a growing need for remote monitoring and management of chronic conditions. Additionally, the use of service robots in customer service and hospitality is on the rise, as businesses seek to improve efficiency and reduce labor costs. This shift towards automation and digital solutions is driven by a combination of cultural influences and the increasing availability of advanced technologies in the country.

Trends in the market: In Brazil, the Service robotics Market within the Robotics Market is experiencing an increase in the adoption of robots in industries such as manufacturing, healthcare, and agriculture. This trend is driven by the need for automation and efficiency in these sectors. Additionally, there is a growing demand for service robots in Brazil's aging population, especially in eldercare and home assistance. This trend is expected to continue as the country's population continues to age, creating opportunities for industry stakeholders to tap into this market. Moreover, the increasing use of AI technology in service robots is also a significant trend, making these robots more intelligent and versatile in their capabilities. This can have implications for job displacement, but also presents opportunities for companies to offer new and innovative services.

Local special circumstances: In Brazil, the Service Robotics market is seeing significant growth due to the country's unique regulatory landscape. The government has implemented policies to promote the adoption of robotics in various industries, such as healthcare and manufacturing. This has led to a surge in demand for service robots, especially in the healthcare sector, where there is a shortage of skilled labor. Additionally, the cultural emphasis on innovation and automation has also boosted the market, with companies increasingly investing in robotic solutions to improve efficiency and productivity.

Underlying macroeconomic factors: The growth of the Service Robotics Market within the Robotics Market is heavily influenced by macroeconomic factors such as technological advancements, government policies, and investment in research and development. Countries with strong economic growth and supportive regulatory environments are experiencing faster market expansion compared to regions with economic challenges and limited government support. Moreover, the increasing demand for automation and efficiency in various industries is driving the adoption of service robotics, as well as the rising aging population and labor shortages in developed countries.

Data coverage:

The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.

Modeling approach / Market size:

Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Technology market, in a PDF format.

Despite the frightening, almost Terminator-esque, way the phrase “there are robots everywhere” might sound, the increased use of robotics has been a boon to both consumers and enterprises worldwide. The industrial robot market has seen steady growth across the globe and is expected to continue growing as automation becomes ever more vital to businesses. This stems largely from mechanical automation, reducing production costs and improving efficiency. This increased demand due to greater automation, especially in the United States and Europe, is likely to mean that the price increase per robot unit will remain modest.