Robot Market Analysis

Robot Market Analysis

Global UVC disinfection robot market revenue is set to reach USD 500 million by 2032. This type of autonomous robot utilizes ultraviolet (UVC) radiation to disinfect areas that witness high traffic and decrease the risk of spreading germs and pathogens. Several companies are launching high-tech and improved versions of robots to cater to a wide range of customers. For instance, in February 2022, UBTECH Robotics launched ADIBOT-A, a mobile disinfectant robot, to meet the demand for autonomous cleaning technologies.
 

Fully autonomous UVC disinfection robot industry will record more than 10% CAGR during the forecast period. These robots work without human intervention and provide high-quality disinfection on-site. They also prevent healthcare workers from getting exposed to harmful viruses during the process. AVA Robotics, in January 2021, announced the launch of a fully autonomous UV light disinfection robot to be used in corporate campuses, hospitals, and school buildings for protection against various pathogens, including the SARS-CoV-2 virus.
 

Indoor delivery robot market is expected to exceed USD 2 billion by 2032. These types of robots have gained significant traction across the retail sector in recent years as help speed up the delivery process and can facilitate contactless deliveries. Contactless deliveries became massively popular among consumers during the COVID-19 pandemic, fueling the adoption of indoor delivery robots.
 

Indoor robots are also used in restaurants to help the staff in speeding up their delivery orders. For example, in June 2021, Grab, a delivery service based in Singapore, installed its AHBOI robot in Payar Lebar Quarters (PLQ) mall, to accelerate delivery orders placed at eateries located inside the shopping center.
 

The hospitality segment is projected to register a growth rate of 15% through 2032. Smartphones are being used on a large scale to place orders for food items and other products. Wireless connectivity has also improved considerably over the past years to give users better access to various innovative applications. Customers have increased their expectations from hotel services as well. This is encouraging the hospitality industry to switch to cutting-edge technologies, such as AI, automation, and robots.
 

Asia Pacific robot market size is estimated to cross USD 4 billion by 2032. A wide range of educational institutes and e-commerce companies are installing high-tech robots to improve customer satisfaction. Governments are also increasing their investments in various R&D programs. Many major universities are familiarizing themselves with robotic technologies to boost the efficacy of their employees.
 

For example, in January 2022, a university in Japan announced that it would deploy a group of robots to deliver medicine and test samples to help staff members working on night shifts. Such initiatives are likely to foster the advancement of robotic technologies across the Asia Pacific.