In 2030, the service robots market is expected to develop at a compound annual growth rate (CAGR) of 21.5% and reach $216 billion, thanks to investments in a variety of consumer-facing sectors, such as travel and tourism. According to GlobalData, a top provider of data and analytics, the global robots market is expected to increase from $70 billion in 2022 to $568 billion in 2030.
According to GlobalData’s most recent research, “Robotics in Travel and Tourist,” enterprises along the travel and tourism value chain will invest the most in consumer robots, logistics robots, drones, and inspection, cleaning, and maintenance robots.
In the past, robotics in travel and tourism was seen as a novelty, employed as early as 2015 to enhance client experiences without enhancing employee productivity. However, as technology advanced, investment started to rise, leading to the development of robots for room service deliveries, UV-light-based cleaning, drone-based inspection, translation services, and customer service to boost operational effectiveness.
Sarah Coop, a GlobalData analyst
Between 2020 and 2030, it is expected that both consumer and logistics robots would increase at a CAGR of 29% and 21%, respectively. As robotic intelligence and cloud robotics advance, coordinated cleaning fleets and language translation check-in helpers will become more prevalent and practical.
The COVID-19 epidemic has elevated the importance of hygiene for travellers, said Coop. At a time when the hotel sector is experiencing a global workforce deficit, robots can make sure that high-risk locations are kept continuously clean while freeing up employee time. Robots can increase operational effectiveness and profitability in less expensive hotels, maintaining modest room rates. Robots in luxury hotels might offer a distinctive guest experience.
Cloud robotics investments have already been made by some hotels. Huazhu Hotels Group and BTG Homeinns Hotels Group, who, according to the database of GlobalData, are responsible for 7.04% and 5.49% of the global market share, respectively, have invested in Shenzhen ExcelLand Technology, a maker of robotics mobile platforms.
