According to the research report titled ‘Global Professional Service Robot Market 2022-2028’, available with MarketStudyReport, global professional service robot market is estimated to attain a valuation worth USD 21,676 million by the end of 2028, registering a CAGR of 13.7% during the forecast period.

The prime factors contributing to the growth of global professional service robot market include rising preference for robots for applications giving high returns on investment, focus on decreasing instances of hospital-acquired infections, and utilization of Internet of Things (IoT) in robots for affordable predictive maintenance.

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Furthermore, deploying robots for companionship, handicap assistance, and assistance for the aging population, in consort with better funding opportunities for research on robots, and increasing insurance coverage for medical exoskeletons and robotic surgeries are favouring the market expansion.

Besides an extensive evaluation of the market situation, the research report also enlists the constraints and bottlenecks prevailing in the business sphere as well as the plausible solutions that will assist investors in circumventing the impact.

The research scrutinizes the market situation based on the historical data from 2018 to 2021, along with a comprehensive overview of application, distribution channel, operation, and regional panorama, to evaluate the developmental pattern from 2022 to 2028.

Based on the application spectrum, global professional service robot market is divided into medical & healthcare, logistics, field, defence & security, construction, and others. Among all, the logistics segment held a notable industry share in 2021 and is expected to grow modestly through 2028.

In terms of operation, the industry is split into surface, marine, and aerial. Speaking of distribution channel, the bifurcation consists of indirect sales and direct sales.

Moving on, the major regional markets analysed in the report are North America, Europe, and Asia Pacific. Details about the growth opportunities and prevailing trends in these geographies are presented in the document. 

Lastly, the major contenders in global professional service robot industry are  SZ DJI Technology Co. Ltd., Parrot Drone SAS, Northrop Grumman Corporation, Lely Holding S.a.r.l., Kongsberg Maritime Ltd., Honda Motor Company Ltd., FANUC, Staubli International AG, Omron Corporation, Nachi Robotics Systems Inc., KUKA AG (Midea Group), Intuitive Surgical Inc., General Dynamics Mission Systems, and Aethon Inc. among others.