Commercial Service Robotics - Ireland

Revenue in the Commercial Service Robotics market is projected to reach US$136.60m in 2024.
Medical service robotics dominates the market with a projected market volume of US$82.09m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.44%, resulting in a market volume of US$195.60m by 2029.
In global comparison, most revenue will be generated United States (US$4.99bn in 2024).

Definition:

The Commercial Service Robotics market presents the market size of service robotics in commercial use cases, e.g., medical robots, logistic robots, and agriculture robots.

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.

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 robots. 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 Agrobot.

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

Medical Service Robotics
Logistic Services Robotics
Agriculture Service Robotics
Other Service Robotics

Consumer Service Robotics

The Commercial service robotics market in Ireland is facing a mild decline in growth rate due to factors such as increasing competition, slower adoption of digital technologies in certain sub-markets, and economic uncertainty. However, rising demand for automation and efficiency in industries such as agriculture, logistics, and healthcare is expected to drive growth in the overall Service robotics market.

Customer preferences: The Commercial service robotics Market in Ireland is experiencing a shift towards increased adoption of automation and robotics solutions in industries such as manufacturing, healthcare, and retail. This trend is driven by the need for increased efficiency and cost savings, as well as the growing demand for contactless services amidst the COVID-19 pandemic. Additionally, the aging population in Ireland is driving the demand for robots that can assist with daily tasks and provide companionship to the elderly.

Trends in the market: In Ireland, the Commercial service robotics market is experiencing a surge in demand for automated solutions in industries such as healthcare, retail, and hospitality. This is driven by the increasing need for efficiency and cost-cutting measures. At the same time, there is a growing trend of using robotics for contactless delivery and disinfection services due to the COVID-19 pandemic. These trends are expected to continue, with potential implications for industry stakeholders such as increased competition and the need for upskilling and training in robotics technology.

Local special circumstances: In Ireland, the Commercial service robotics Market of the Service robotics Market within the Robotics Market is seeing a significant growth due to the country's strong focus on innovation and technology. With a highly skilled workforce and supportive government policies, Ireland has become a hub for robotics companies, attracting investments and fostering development in the industry. Additionally, the country's growing healthcare sector is creating opportunities for service robotics in areas such as elderly care and rehabilitation. The country's small size and close-knit business community also facilitate collaboration and adoption of new technologies, making it an ideal market for service robotics.

Underlying macroeconomic factors: The Commercial service robotics Market of the Service robotics Market within the Robotics Market is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Countries with strong economic growth and favorable policies towards robotics are experiencing faster market growth compared to regions with economic challenges and limited funding for innovation. Additionally, the increasing demand for automation and efficiency in industries such as manufacturing, healthcare, and logistics is driving the growth of the service robotics market in Ireland and globally.

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.