Service Robotics - United Kingdom

Revenue in the Service Robotics market is projected to reach US$1.54bn in 2024.
Commercial service robotics dominates the market with a projected market volume of US$1.04bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 18.78%, resulting in a market volume of US$3.64bn 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 the United Kingdom is facing stagnant growth due to factors such as slow adoption of digital technologies, limited health awareness among consumers, and lack of convenience in online services. Commercial and consumer sub-markets are both affected, with negligible growth rates. Factors such as high costs, limited technological advancements, and low demand are impacting the overall market's growth rate.

Customer preferences: The United Kingdom has seen a rise in demand for service robots, particularly in the healthcare sector. With an aging population and increasing pressure on healthcare systems, there is a growing preference for robotic solutions that can assist in tasks such as medication management, patient monitoring, and rehabilitation. Additionally, there is a cultural shift towards more personalized and convenient healthcare, leading to an increased interest in robots that can provide at-home care and support for chronic conditions. This trend is also driven by the growing acceptance and adoption of technology in everyday life.

Trends in the market: In the United Kingdom, the Service robotics market is witnessing a rise in the use of autonomous robots in healthcare facilities, as well as in the retail and hospitality industries. This trend is driven by the need for increased efficiency and cost savings, as well as the growing demand for contactless services due to the COVID-19 pandemic. Additionally, there is a growing interest in socially assistive robots to support the elderly and individuals with disabilities. These advancements in the Service robotics industry have significant implications for industry stakeholders, including increased job opportunities and improved quality of services for consumers.

Local special circumstances: In the United Kingdom, the Service robotics market is experiencing significant growth due to the country's focus on automation and technology adoption. The government's initiatives, such as the Industrial Strategy Challenge Fund, are promoting the development and adoption of robotics in various industries. Additionally, the UK's strong regulatory framework and high standards for safety and quality have created a favorable environment for the growth of the Service robotics market.

Underlying macroeconomic factors: The Service robotics Market within the Robotics Market in the United Kingdom is influenced by macroeconomic factors such as technological advancements, government policies and investments, and the overall economic health of the country. With the UK being a global leader in innovation and technology, the market for service robotics is expected to experience significant growth. Additionally, the country's strong fiscal policies and supportive regulatory environment for robotics and automation are further driving the demand for service robotics solutions. The aging population and the increasing need for more efficient and cost-effective services are also contributing to the growth of the market.

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.