Service Robotics - Slovenia | Statista Market Forecast

Revenue in the Service Robotics market is projected to reach US$45.15m in 2024.
Commercial service robotics dominates the market with a projected market volume of US$39.85m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.80%, resulting in a market volume of US$82.45m 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 Slovenia is experiencing negligible growth, influenced by factors such as increasing adoption of digital technologies, rising awareness of the benefits of service robots, and the convenience of online services. This trend is seen in both commercial and consumer sub-markets, as businesses and individuals seek to improve efficiency and convenience through the use of service robots.

Customer preferences: The demand for service robotics in Slovenia is on the rise as consumers increasingly prioritize convenience and efficiency in their daily lives. This trend is driven by a growing aging population and a desire for cost-effective solutions for household tasks. Additionally, advancements in artificial intelligence and machine learning have also fueled the adoption of service robots in industries such as healthcare and hospitality. This shift towards automation is expected to continue as consumers embrace the benefits of robotics in improving their quality of life.

Trends in the market: In Slovenia, the Service robotics Market within the Robotics Market is experiencing a surge in demand for telepresence robots, as businesses seek to reduce physical interactions and increase remote operations. Additionally, there is a growing trend of using service robots in healthcare settings, such as hospitals and nursing homes, to assist with patient care and reduce the workload of healthcare workers. This trend is expected to continue in the future, with the potential to improve efficiency and reduce costs for industry stakeholders. Furthermore, with the rise of smart cities and the need for automated services, the demand for service robots is expected to increase across various industries, such as retail, hospitality, and transportation.

Local special circumstances: In Slovenia, the Service robotics Market within the Robotics Market is influenced by the country's small market size and limited adoption of new technologies. This has created a niche market for service robotics, particularly in the healthcare and industrial sectors. Additionally, Slovenia's strong focus on sustainability and environmental conservation has led to the development of innovative and eco-friendly service robots. The country's close proximity to other European countries also allows for easy access to potential customers and partnerships, contributing to the growth of the service robotics market.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in Slovenia is impacted by macroeconomic factors such as the country's economic stability, government initiatives supporting robotics and automation, and investments in research and development. With the growing trend of Industry 4.0, there is a rising demand for service robots in various industries such as manufacturing, healthcare, and logistics. The increasing adoption of advanced technologies and the government's efforts to promote automation are expected to drive the growth of the Service robotics Market in Slovenia. Additionally, the country's strong healthcare infrastructure and aging population are also key factors contributing to the demand for service robotics in the healthcare sector.

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.