North America Service Robotics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 15.10 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Service Robotics Market Analysis
The North America Service Robotics market is growing at a fast pace and is expected to register a CAGR of 15.1% over the forecast period 2021 - 2026. Service robotics is being increasingly used in the healthcare sector. They are being used for a variety of reasons in healthcare, from assisting in operations to taking care of the patients. Moreover, the emergence of the COVID-19 pandemic has substantially impacted the value chain of the service robotics market and has greatly affected the demand for the same.
- The United States is a leader in the service robotics market for field robotics, logistics, and construction within North America. The usage of robotics in this region is varied and is also used in professional cleaning.
- The military application of service robotics is high in the professional use of service robotics. In defense, both manned and unmanned types of robots are used. In unmanned use, drones are very common. Investment in the use of drones has increased in the battlegrounds for a few years. They are being used for intelligence, surveillance, and reconnaissance missions and have helped the soldiers on the ground and sitting far away to plan their next move.
- A tremendously growing number of robots for rehabilitation and non-invasive therapy make this application the largest medical one in terms of units. About 75% of medical robot suppliers are from North America and Europe, while 27% of total service robot suppliers are from North America as per IFR.
- Moreover, the labor shortage in the region is one of the driving factors for the use of service robots during the COVID-19 pandemic. For instance, UVD Robots, Danish manufacture of ultraviolet-light-disinfection robots, shipped hundreds of its machines to hospitals in China and Europe.
North America Service Robotics Market Trends
This section covers the major market trends shaping the North America Service Robotics Market according to our research experts:
The Growing Demand of Service Robots in Healthcare Sector Aids in Market Growth
- The North America Service market is growing at a fast pace. Service robotics is increasingly in use in the healthcare sector. They are used for a variety of reasons in healthcare, especially to assist in the operations of taking care of patients.
- The healthcare sector in this region varies in different countries. The majority of the healthcare providers in the USA belong to the private sector. According to AHA Hospital Statistics, 2021 edition, more than 57% of the hospitals are non-profit, and only around 18% are government-owned, and the rest is for profit. U.S. health care spending grew 4.6 % in 2019, reaching USD 3.8 trillion or USD 11,582 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 17.7 %.
- In Canada, the majority of the healthcare sector is publicly funded, which is helpful for the citizens to get access to basic and advanced healthcare. This huge healthcare market is increasing, and the demand for robotics will increase in the period to come. The USA market has a higher percentage of demand compared to the Canadian market in this region.
- Moreover, the growth in the aging population and nursing staff shortage is driving the need for the provision of care for the elderly. As technology advances, clinicians and scientists are looking to robotics and other sensor-based technologies to aid caregivers in providing decent care services for older adults.
United States to Witness High Adoption of Service Robots
- The rush to add robots is part of a larger upswing in investment as companies in North America seek to keep up with strong demand, which in some cases has contributed to shortages of key goods.
- At the same time, many firms have struggled to lure back workers displaced by the pandemic and view robots as an alternative to adding human muscle to their assembly lines.
- Investment in research and development in the United States is aiding the invention of the service robot market amongst all sectors of industries. The service robot industry in the country is largely benefited by the developed sensor network and AI and machine learning capabilities of industries.
North America Service Robotics Industry Overview
The North America Service Robot market has a medium market concentration as the market is in developing steadily with rising demand.
- November 2021: According to data compiled by the industry group the Association for Advancing Automation, the factories, and other industrial users ordered 29,000 robots, 37% more than during the same period last year, valued at USD 1.48 billion. This points to an increase in the demand for service robots in the region.
North America Service Robotics Market Leaders
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Amazon.com, Inc.
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KUKA AG
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Northrop Grumman Corporation
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SeaRobotics Corporation
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Honda Motors Co. Ltd.
*Disclaimer: Major Players sorted in no particular order
North America Service Robotics Market News
- August 2021: Canadian AI tech start-up leveraging Bell 5G to deliver food to downtown residents. Bell announced a collaboration with Tiny Mile to provide 5G connectivity for the Canadian AI start-up's growing fleet of food delivery robots in downtown Toronto.
- December 2020: LG Electronics announced the launch of UV Disinfection autonomous mobile robot in its CLOi line of AMRs. It can navigate around tables, chairs and other furniture, generally irradiating a room's touchable surfaces in 15 to 30 minutes, disinfecting multiple areas on a single battery charge.
North America Service Robotics Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Trends
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
4.4 Industry Policies
4.5 Market Drivers
4.6 Market Restraints
4.7 Assessment of the Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Personal Robots
5.1.1.1 Domestic Robots
5.1.1.2 Research
5.1.1.3 Entertainment
5.1.1.4 Others
5.1.2 Professional Robots
5.1.2.1 Field Robots (Agriculture, Forestry and Others)
5.1.2.2 Defense and Security (Fire Fighting)
5.1.2.3 Medical (Assistive robots, diagnostic and overhauling systems)
5.1.2.4 UAV Drones
5.1.2.5 Others
5.2 By Areas
5.2.1 Aerial
5.2.2 Land
5.2.3 Underwater
5.3 By Components
5.3.1 Sensors
5.3.2 Actuators
5.3.3 Control Systems
5.3.4 Software
5.3.5 Others
5.4 By End-User industries
5.4.1 Military and Defense
5.4.2 Agriculture, Construction and Mining
5.4.3 Transportation & Logistics
5.4.4 Healthcare
5.4.5 Government
5.4.6 Others
5.5 By Countries
5.5.1 United States
5.5.2 Canada
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Amazon Inc.
6.1.2 KUKA AG
6.1.3 Northrop Grumman Corporation
6.1.4 Robobuilder Co. Ltd.
6.1.5 SeaRobotics Corporation
6.1.6 Honda Motors Co. Ltd.
6.1.7 iRobot Corporation
6.1.8 Hanool Robotics Corporation
6.1.9 Iberobtoics S.L
6.1.10 Gecko Systems Corporation
6.1.11 RedZone Robotics
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Service Robotics Industry Segmentation
North America Service Robots Market report offers a detailed description of the market size, growth potential, opportunities, overview, research, and segmentation based on industry application and country. The market is studied based on the segmentation of service robots by type, area, components, industries, and geography.
| By Type | |||||||
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| By Areas | |
| Aerial | |
| Land | |
| Underwater |
| By Components | |
| Sensors | |
| Actuators | |
| Control Systems | |
| Software | |
| Others |
| By End-User industries | |
| Military and Defense | |
| Agriculture, Construction and Mining | |
| Transportation & Logistics | |
| Healthcare | |
| Government | |
| Others |
| By Countries | |
| United States | |
| Canada |
North America Service Robotics Market Research FAQs
What is the current North America Service Robotics Market size?
The North America Service Robotics Market is projected to register a CAGR of 15.10% during the forecast period (2024-2029)
Who are the key players in North America Service Robotics Market?
Amazon.com, Inc., KUKA AG, Northrop Grumman Corporation, SeaRobotics Corporation and Honda Motors Co. Ltd. are the major companies operating in the North America Service Robotics Market.
What years does this North America Service Robotics Market cover?
The report covers the North America Service Robotics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Service Robotics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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