There are several tasks that are filthy, monotonous, and even of grave risk. These are perfect jobs for service robots. These machines are independently functioned by an internal control system with an alternative to manually continue the work. The International Organization for Standardization describes a service robot as a robot that accomplishes valuable errands for mankind.
Qualified service robotics is not the same as industrialized robots. They are dissimilar in form and operability. Industrial robots are utilized within the production industry while professional service robots automate tedious, hazardous, time-consuming, or monotonous tasks, thereby relieving human employees to achieve more intellectual tasks.
Fortune Business Insights™ projects that the global market of service robotics market was USD 12.88 billion in 2019 and is projected to reach USD 41.49 billion by 2027 at a CAGR of 15.9% during the 2020-2027 period.
Service Robotics Market COVID-19 Pandemic Generated Huge Demand for Medical Robots
The COVID-19 pandemic had an enormous financial influence that severely resulted in fluctuations in production facilities of several industries. China being the central production hub is considerably reducing various global business functions, and this is generating consequences in regional and global value chains. Moreover, corporations, such as ABB, are experiencing damages. They have witnessed a substantial year-on-year deterioration of over 20% in the robotics & discrete automation business. Nevertheless, medical robots progressively came under the spotlight during the COVID-19 period.
Below mentioned are the players operating in the Service Robotics Market:
- Lely International (Netherlands)
- Aethon Inc. (U.S.)
- Honda Motor Co. Ltd. (Japan)
- KUKA AG (Germany)
- Northrop Grumman Corporation (U.S.)
- iRobot Corporation (U.S.)
- Kongsberg Maritime AS (Norway)
- Intuitive Surgical, Inc. (U.S.)
- Parrot SA (France)
- DJI (China)
Functions of Service Robots across Various Industries
Major professional service robotics are semi-automatic or fully independent robots that have a few movements and communicate with people, typically in retail, healthcare, warehouse, hospitality, or fulfillment location while others are utilized in more challenging settings such as in space and defense, agricultural applications, and police activities. Enhancing proficiency is an additional problem for businesses that utilize expert service robots. Inspection robots and cleaning robots have limited interruption while a huge volume of products can be transported by logistical robots, decreasing the charges of labor.
Professional service robotics engage in efficiency in a few forms resulting in prime enhancements in output in their specialized field. The productivity benefits of these service robotics assist businesses to authenticate the outlay in professional service robots. As the demand rises, agriculture robots are set to become more integrated into each facet of agricultural happenings. Utilizing progressive sensors, service robotics will be able to spray for weed control, plant seeds, harvest crops, and prune plants and trees.
Retail service robots can detect faults on shelf labels, thus avoiding conflict of pricing difference than what has been displayed on shelf tags. Robots move through aisles, utilizing cameras to identify concerns with the shelf labels. They then alarm store employees when they detect blunders. In comparison with prior generations, millennials put a greater value on convenience and don’t mind swapping human exchanges for faster, automated experiences. Consequently, a few retailers are utilizing robots that administer the roles that humans generally fill.
For example, Nestlé uses a humanoid robot called Pepper in various Japanese departmental stores to trade coffee makers. Pepper comprehends nearly 80% of the conversations and utilizes the data it collects to aid customers.
The Future of Service Robotics Market: Will Robots Take Command Over the Globe?
Robots are prevailing all around us, whether it’s the automatic machines that manufacture our vehicles or the virtual assistants that utilize conversational interfaces to assist us throughout one’s residence. Yet as we have witnessed, they are not presently apt for all fortes of life. But will that alter in the future? Labors will require technological abilities, and there will be an even bigger necessity for those with proficiency in Science, Technology, Engineering, and Mathematics (STEM). Likewise, numerous roles will need socio-emotional abilities, predominantly in parts where robots aren’t good alternatives such as caregiving and education.
Robotics may also structure the upcoming era of medicine. Surgical robots can carry out severely accurate operations, and with the progressions in AI, they could ultimately perform surgeries or operations autonomously.
All in all, if service robotics are expansively applied in various fields, they will have their advantages and disadvantages depending on their usage intensity.