Service Robotics - Mauritius | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$2.39m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$1.25m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -6.33%, resulting in a market volume of US$1.72m 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 Mauritius is experiencing minimal decline in growth rate, influenced by factors such as the slow adoption of digital technologies, limited health awareness among consumers, and the lack of convenience offered by online health services. However, the market is expected to see growth in the commercial and consumer sub-markets, driven by the increasing demand for automation and cost-effective solutions in various industries.

Customer preferences: As technology advances and consumer expectations evolve, the Service robotics Market within the Robotics Market is witnessing a growing demand for smart home devices and automation solutions. This trend is fueled by the desire for convenience and efficiency, as well as the increasing adoption of smart home technology in Mauritius. Additionally, with an aging population, there is a growing need for assistive robots and devices that can support independent living and healthcare management for seniors.

Trends in the market: In Mauritius, the Service robotics Market within the Robotics Market is experiencing a surge in demand for automation solutions, particularly in the manufacturing and healthcare sectors. This trend is driven by the need for increased efficiency, cost savings, and improved safety in operations. As technology continues to advance, the trajectory of this trend is expected to continue upwards. This has significant implications for industry stakeholders, such as increased competition, the need for upskilling and reskilling of the workforce, and the potential for new business opportunities. Additionally, the adoption of service robotics is expected to positively impact the overall economy of Mauritius, with potential implications for job creation and economic growth.

Local special circumstances: In Mauritius, the Service robotics market is influenced by the country's small size and diverse economy. The tourism sector, which accounts for a significant portion of the economy, drives the demand for service robots in the hospitality industry. Additionally, the country's strong focus on sustainability and technological innovation creates a favorable environment for the adoption of service robots in various sectors, such as agriculture and healthcare. The government's support for the development of a knowledge-based economy also presents opportunities for service robotics companies to partner with local businesses and institutions.

Underlying macroeconomic factors: The growth of the Service robotics market is also influenced by macroeconomic factors such as technological advancements, regulatory support, and investment in research and development. Countries with favorable regulatory environments and strong investment in service robotics technologies are experiencing faster market growth compared to regions with regulatory challenges and limited funding. Additionally, the increasing demand for automation and efficiency in various industries, coupled with the rising labor costs, is driving the adoption of service robotics solutions.

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.