Service Robotics - Ireland

Ireland

Revenue in the Service Robotics market is projected to reach US$182.20m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$136.60m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 7.82%, resulting in a market volume of US$265.50m by 2029.
In global comparison, most revenue will be generated in the United States (US$8,681.00m in 2024).

Key regions: France, United Kingdom, United States, Canada, South Korea

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Analyst Opinion

The Service Robotics market in Ireland is facing subdued growth, influenced by factors such as slow adoption of digital technologies, lack of health awareness among consumers, and limited convenience of online services. The Commercial and Consumer sub-markets play a key role in shaping the overall market, with varying levels of impact.

Customer preferences: With the rise of smart homes and smart cities, there is a growing demand for service robotics solutions in Ireland. This can be attributed to the country's aging population and increasing labor costs. Additionally, consumers are becoming more comfortable with automation and are open to using service robots for tasks such as cleaning and home maintenance. This trend is expected to continue as the Irish population becomes more tech-savvy and values convenience and efficiency in their daily lives.

Trends in the market: In Ireland, the Service robotics Market within the Robotics Market market is experiencing a surge in demand for autonomous and collaborative robots. These robots are being used across various industries such as manufacturing, healthcare, and logistics, to improve efficiency and reduce costs. Additionally, there is a growing trend of integrating Artificial Intelligence (AI) and Machine Learning (ML) in service robots, enabling them to perform complex tasks and adapt to changing environments. This trend is expected to continue, with the potential to revolutionize the way businesses operate and create new opportunities for industry stakeholders. Moreover, the adoption of service robots is also expected to address the labor shortage issue in Ireland, allowing businesses to remain competitive in the global market.

Local special circumstances: In Ireland, the Service robotics market is driven by the country's strong focus on research and development in the field of robotics. The government has implemented various initiatives to promote the adoption of robotics, such as the National Robotics Programme and the Technology Gateway Network. Additionally, the country's highly skilled workforce and favorable business environment have attracted major players in the robotics industry to establish a presence in Ireland. This, combined with the country's advanced infrastructure and supportive regulatory framework, has contributed to the growth of the Service robotics market in Ireland.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in Ireland is also impacted by macroeconomic factors such as technological advancements, government policies, and overall economic stability. With Ireland's strong focus on innovation and technology, the demand for service robots is expected to increase in the coming years. Moreover, the country's robust economy and favorable business environment make it an attractive market for service robotics companies. Additionally, the aging population in Ireland is driving the need for automation and robotics in various industries, further fueling the growth of the Service robotics Market.

Methodology

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.