Service Robotics - Czechia | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$119.30m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$83.71m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 15.83%, resulting in a market volume of US$248.80m 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.

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Commercial Service Robotics
Consumer Service Robotics

robots used in industrial use cases

The Service Robotics market in Czechia is currently experiencing minimal growth, influenced by factors such as limited awareness and slower adoption of digital technologies, as well as a lack of convenience in online health services. However, with increasing health awareness and advancements in technology, the market is expected to see significant growth in the near future.

Customer preferences: As technology continues to advance, consumers in Czechia are showing a growing preference for service robots that can assist with household tasks and improve overall efficiency. This trend is largely driven by the aging population and the need for personalized care and assistance. Additionally, the increasing adoption of smart home technology and the desire for a more connected and automated lifestyle are also contributing to the growth of the service robotics market.

Trends in the market: In Czechia, the Service robotics Market within the Robotics Market is experiencing a surge in demand for delivery robots, as online shopping and food delivery services continue to grow in popularity. This trend is expected to continue as consumers seek contactless delivery options. Additionally, there is a rising interest in healthcare robots, with hospitals and care facilities utilizing them for tasks such as patient monitoring and disinfection. This trend is likely to have a significant impact on the market and presents opportunities for industry stakeholders to expand their offerings and cater to emerging needs.

Local special circumstances: In Czechia, the Service robotics market is thriving due to the country's highly industrialized economy and strong focus on automation. This has led to the development of advanced robotics solutions for industries such as manufacturing, healthcare, and logistics. Additionally, the country's favorable regulatory environment and government support for innovation have encouraged the adoption of service robots across various sectors. The market is also influenced by the country's high-tech industry and skilled workforce, making it a hub for research and development in the field of robotics.

Underlying macroeconomic factors: The Service robotics market in Czechia is strongly impacted by macroeconomic factors such as technological advancements, government policies, and investment in infrastructure. With a growing economy and favorable regulatory environment, Czechia is experiencing a surge in demand for service robots in various industries such as healthcare, retail, and manufacturing. Additionally, the aging population and increasing labor costs are driving the adoption of service robots to automate manual tasks and improve efficiency. This trend is expected to continue as Czechia aims to become a leader in the field of robotics and automation.

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.