Service Robotics Market Trends

Key Emerging Trends in the Service Robotics Market

Influenced by several significant trends, the service robotics market is re-shaping itself very dynamically. One conspicuous trend is that robots have been moving to the forefront of healthcare. Now hospitals and clinics use service robots to assist with patient care, surgery or the distribution of drugs. Since the recent outbreaks of COVID-19 contactless care has become an urgent need, and orders for healthcare robots have soared. Now that health care is integrating more technological advances to improve both patient outcomes and efficiency of operation, this trend can be expected only to continue.
In face of a e-commerce environment where speed is the name of the game, logistics and warehouse management are natural candidates for further automation. Service robots are coming into use in many areas, including inventory management and order fulfillment-even last mile deliveries. With Internet shopping taking off, companies are spending big on order-processing robots to cope with a deluge of orders. This is a trend that is revolutionizing the landscape of logistics, and robots are needed more urgently than ever to take on roles in this increasingly intense and chaotic market environment.
Cobots are taking over manufacturing. Cobot differs greatly from the generations of industrial robots that only labor in loneliness, for this new robot's workspace is right next to human workers. It has a more cooperative work environment and higher safety standards than its predecessors as well. One expression of this trend is the concept of human-robot synergy, which can improve processes so as to increase precision and total productivity. Manufacturers are beginning to realize the advantages of integrating cobots.
At present, a great wave of new start-ups and innovative companies is sweeping over the service robotics market. These newcomers are introducing novel ideas and pushing service robots beyond the limits. That wave of starters joining the market is bringing competition, inspiration and application to service robotics. In a vibrant cycle based on diversity and novelty, many existing firms are also linking up with start-ups.
As a result, problems of high start-up costs and technical complication remain the normal order in this market. Therefore, for the service robotics industry to develop in a healthy dynamism and progress smoothly towards greater development follows naturally. But this requires that we maintain dialogue between industry participants, policymakers and the general public in order to ensure that service robots are being used as an effective means of meeting social needs.