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Significant Profits of US$ 7,400 Mn are Estimated to be Generated by
Professional Services Robots Market by 2022
A rapid growth in the service industries and the pressing need to adapt to the changing demand of
the consumers, market challenges and a rapid advancement in technology with a backdrop of cut
throat competition are the factors responsible for the growth of the professional services robots
market. Robots have made their presence felt already in the realm of industrial automation where
they are employed for carrying out repetitive tasks. However, with advancements in the fields of
machine learning, artificial intelligence, cognitive science and adaptive computing are enabling the
robots to assist humans in a variety of tasks. The development of technologically advanced robots
that have an improved intelligence and can perform touch-sensitive tasks in a better manner and in
addition also have the ability to interact with humans seamlessly will help their better adoption in
fields such as healthcare.
The global professional services robots market is slated to touch a value of about US$ 7,400 Mn in
the year 2022 and grow at a robust CAGR during the assessment period.
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4 Forecast Highlights on Global Professional Services Robots Market
As per the forecast of Persistence Market Research, the professional cleaning segment is slated to
touch a value of nearly US$ 650 Mn in the year 2022. This represents a robust CAGR growth
during the assessment period of 2017-2022. The professional cleaning segment is estimated to
account for nearly one-tenth of the revenue share of the application segment by the year 2017 and is
forecasted to lose market share by 2022 over 2017.
As per the forecast of Persistence Market Research, the inspection & maintenance segment will
reach a value of about US$ 180 Mn in the year 2017. This represents a robust CAGR growth during
the forecast period. The inspection & maintenance segment is forecasted to account for a miniscule
share of the total revenue share of the application segment by the end of the year 2017 and is
expected to lose in market share by 2022 as compared with the year 2017.
As per the forecast of Persistence Market Research, the water-based segment is slated to reach a
value of nearly US$ 1,800 Mn in 2022. The water-based segment is expected to gain market share
by the end of the year 2022. The largest share is contributed by the North America region in the
water based segment.
Persistence Market Research forecasts the U.S. professional services robots market to exhibit a
compound annual growth rate (CAGR) of more than 20% from 2017 to 2022.
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The report has also included the profiles of some of the leading companies in the professional
services robots market like Kuka AG, Robert Bosch GMBH, AB Electrolux, Northrop Grumman
Corporation, Boston Dynamics, Inc., iRobot Corporation, Gecko Systems International
Corporation, Daifuku Co., Ltd., Yujin Robot Co., Ltd, Aethon Inc. and Elbit Systems Ltd.
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