Description
The Global Service Robot Sales Amount Year-over-Year (YoY) is an indicator compiled and published by various industry associations and market research firms. It measures the annual growth rate of sales revenue generated by service robots worldwide. This indicator is used to assess the growth and market trends in the service robotics industry, which includes robots used in healthcare, logistics, hospitality, and other services. A higher YoY growth rate indicates robust market expansion and increasing adoption of service robots, while a lower or negative growth rate may signal market saturation or declining demand.
Broadly speaking, service robots do not engage in production activities. According to the IFR definition, service robots are categorized into professional service robots, which are intended for use by trained professional operators (such as medical robots, logistics robots, and agricultural robots), and personal/domestic service robots, which do not require professional training (such as household cleaning robots and social interaction robots).
The data is usually updated annually, with reports released at the end of the fiscal year or the beginning of the new year, depending on the reporting practices of the compiling organizations.