Service Robotics - CIS | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$425.80m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$258.40m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 13.14%, resulting in a market volume of US$789.30m 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 CIS is experiencing a negligible decline in growth rate, influenced by factors such as slow adoption of advanced technologies, lack of awareness among consumers, and limited availability of online services. Despite this, the market is expected to grow due to the increasing demand for automation in commercial and consumer sectors.

Customer preferences: As the demand for automation and efficiency grows, the CIS and Service robotics Market within the Robotics Market has seen a rise in the adoption of AI-powered service robots. These robots are designed to assist with tasks such as cleaning, delivery, and customer service, reducing the need for human labor. Additionally, the COVID-19 pandemic has accelerated the adoption of service robots, as they can help limit human-to-human contact and ensure the safety of both customers and employees. This trend is expected to continue in the future, as more businesses look for ways to streamline their operations and meet the changing needs of consumers.

Trends in the market: In the CIS region, the Service robotics market is experiencing a surge in demand for industrial automation solutions, particularly in manufacturing and logistics sectors. This is driven by the need to increase productivity and reduce labor costs. Additionally, there is a growing trend towards the integration of artificial intelligence and machine learning technologies in service robots, enhancing their capabilities and expanding their potential applications. This trend is expected to continue, with industry stakeholders focusing on developing more advanced and efficient service robotics solutions to meet the evolving demands of the market. This could have significant implications for businesses, as they can benefit from increased efficiency and reduced operational costs by incorporating service robotics into their operations. Moreover, this trend could also lead to job displacement in certain industries, highlighting the need for upskilling and reskilling programs to prepare the workforce for a more automated future.

Local special circumstances: In the CIS region, the Service Robotics market is seeing significant growth due to the increasing adoption of automation technologies in industries such as manufacturing, healthcare, and logistics. This is driven by the region's strong industrial base and the need for cost-efficient solutions. Additionally, the unique regulatory environment in countries like Russia and Kazakhstan has led to a focus on domestic production, creating opportunities for local players in the market.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market is impacted by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with strong government initiatives and favorable economic conditions are experiencing higher market growth compared to regions with limited government support and economic challenges. Moreover, the increasing demand for automation and efficiency in industries such as healthcare, manufacturing, and logistics is driving the demand for service robotics, particularly 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.