Service Robotics Market Size, Share, Analysis Report

Service Robotics Market By Operating Environment Analysis (Ground, Aerial, Marine, Automated Guided Underwater Vehicle (AUVs), Remotely Operated Underwater Vehicles (ROVs), Unmanned Surface vehicles Controls); By Application Analysis (Personal, Professional) and By Regional Analysis – Global Forecast by

The Service Robotics Market is expected to be around US$ 45.55 Billion by 2027 at a CAGR of 15% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • KUKA AG
  • Intuitive Surgical, Inc
  • iRobot Corporation
  • Kongsberg Maritime AS
  • Northrop Grumman Corporation
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    15

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Service Robotics is the division of robotics aiming at the improvement of robots able to assist humans in their environment. There are robots that are designed to assist humans and perform useful tasks, excluding industrial and manufacturing automation applications. Service robots have been accepted worldwide due to its different professional and personal applications owing to benefits and advantages, for example, improved ease of use, conveyance of exact and fantastic administrations, unwavering quality, and lessened operational expenses and human mistakes. Proficient administration robots are utilized including defense,healthcare and security, forestry, agriculture, construction,logistics, and professional cleaning among others, whereas individual administration robots are utilized for household and entertainment purpose. Service robotics has witnessed a drastic growth due to high labor and work cost, absence of talented and skilled workforce, expanded interests in R&D, developing mindfulness with respect to the regale of service robots, and increased demand for automation among professional and individual sectors.

    How Big is the Global Service Robotics Market?

    The Service Robotics Market is expected to be around US$ 45.55 Billion by 2027 at a CAGR of 15% in the given forecast period.

    The major driving factors of Service Robotics Market are as follows:

    • Growing demand short- to medium-term payback period and high return on investment (ROI)
    • Rising usage of robots in several sectors such as education & research, communication, defense, rescue & security
    • Rehabilitation of Robotsin Aging Population Would Encourage increase use
    • Developing nations are having growth potential

    The restraining factors of Service Robotics Market are as follows:

    • High initial costs and R&D expenses
    • While Working Along With Humans safe operations is must
    • Performance in untested condition and absence of abnormal state interfacing
    • Longer time in implementation of economical use of robots

    The Service Robotics Market is segmented on the lines of its operating environment, application and regional. Based on operating environment segmentation it covers ground, aerial, marine, automated guided underwater vehicle (AUVs), remotely operated underwater vehicles (ROVs), unmanned surface vehicles controls. Based on application segmentation it covers personal, professional. The Service Robotics Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    This report provides:
    1) An overview of the global market for Service Robotics Market and related technologies.
    2) Analyses of global market trends, with data from 2016, estimates for 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2025.
    3) Identifications of new market opportunities and targeted promotional plans Service Robotics Market.
    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry.

    REPORT SCOPE:
    The scope of the report includes a detailed study of global and regional markets on Service Robotics Market with the reasons given for variations in the growth of the industry in certain regions.

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include KUKA AG (Germany), iRobot Corporation (U.S.), Kongsberg Maritime AS (Norway), DJI (China), Intuitive Surgical, Inc. (U.S.), Northrop Grumman Corporation (U.S.), Parrot SA (France), GeckoSystems Intl. Corp. (U.S.), Honda Motor Co. Ltd. (Japan), Adept Technology, Inc. (U.S.), Bluefin Robotics- now wholly owned subsidiary of General Dynamics Mission Systems, Inc. (U.S.), ECA Group (France), Aethon Inc. (U.S.), DeLaval International AB (Sweden), and Lely Holding S.a.r.l. (Netherlands). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

    The Service Robotics Market has been segmented as below:

    By Operating Environment Analysis:

    • Ground
      • Defense, Rescue & Security
      • Field Robotics
      • Medical
      • Logistics
      • Telepresence
      • Inspection & maintenance
      • Domestic Tasks
      • Education and Entertainment
      • Personal Assistance & Home security
    • Aerial
      • Military
      • Civil & Commercial
    • Marine
    • Automated Guided Underwater Vehicle (AUVs)
    • Remotely Operated Underwater Vehicles (ROVs)
    • Unmanned Surface vehicles Controls

    By Application Analysis:

    • Personal
      • Domestic Tasks
      • Entertainment
      • Education, Research & Hobbyists
    • Professional
      • Logistics
      • Medical
      • Field Robotics
      • Defense, Rescue & Security
      • Marine
      • Telepresence Robot
      • Inspection & Maintenance

    By Regional Analysis

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Reasons to Buy this Report:

    1) Obtain the most up to date information available on all Service Robotics Market.
    2) Identify growth segments and opportunities in the industry.
    3) Facilitate decision making on the basis of strong historic and forecast of Service Robotics Market data.
    4) Assess your competitor’s refining portfolio and its evolution.

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    1    INTRODUCTION    
     1.1    Key Take Aways    
        1.2    Report Description    
        1.3    Markets Covered    
        1.4    Stakeholders    
        1.5    Research Methodology    
            1.5.1    Market Size    
            1.5.2    Market Share    
            1.5.3    Key Data Points From Secondary Sources    
            1.5.4    Key Data Points From Primary Sources

    2 Research Methodology 
        2.1 Research Data 
        2.2 Secondary Data 
               2.2.1 List of Secondary Sources
               2.2.2 Key Data From Secondary Sources
        2.3 Primary Data 
               2.3.1 Primary Interviews With Experts
               2.3.2 Breakdown of Primaries
               2.3.3 Key Data From Primary Sources
        2.4 Secondary and Primary Research 
               2.4.1 Key Industry Insights
        2.5 Value Chain Analysis 
        2.6 Market Size Estimation 
               2.6.1 Bottom-Up Approach
                        2.6.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
               2.6.2 Top-Down Approach
                        2.6.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
        2.7 Market Breakdown & Data Triangulation 
        2.8 Research Assumptions

    3 Executive Summary 

    4 Premium Insights 
        4.1 Opportunities for the Service Robotics Market 
        4.2 Service Robotics Market, By Operating Environment 
        4.3 Service Robotics Market, By Region and Application 
        4.4 Service Robotics Market, By Country 
        4.5 Service Robotics Market, By Region (2017, 2018, and 2024)

    5 Market Overview 
        5.1 Introduction 
        5.2 Evolution 
               5.2.1 Pre-1950:Beginning of Robotics
               5.2.2 1950–1970: Introduction of Mobile Robots
               5.2.3 1970–1990: Developments in Service Robotics
               5.2.4 1990–2010: Further Explorations
        5.3 Market Segmentation 
               5.3.1 Market, By Operating Environment
               5.3.2 Market, By Application
               5.3.3 Market, By Geography
        5.4 Market Dynamics 
               5.4.1 Drivers
                        5.4.1.1 Short- to Medium-Term Payback Period and High Return on Investment (ROI)
                        5.4.1.2 Increasing Usage of Robots in Several Sectors Such as Education & Research, Telepresence; Defense, Rescue & Security, Among Others
                        5.4.1.3 Rising Demand for Mobile-Robotic Solutions in Warehouse Automation and Logistics Sector
                        5.4.1.4 High Demand From the Medical and Healthcare Sector
               5.4.2 Restraints
                        5.4.2.1 High Initial Costs and R&D Expenses
                        5.4.2.2 Performance in Untested Environment and Lack of High Level Interfacing
               5.4.3 Opportunities
                        5.4.3.1 Growing Demand for Drones From Military and Non-Military Applications
                        5.4.3.2 Increase in Aging Population Would Encourage Rehabilitation of Robots
                        5.4.3.3 Growth Potential Across Developing Nations
                        5.4.3.4 Persistent Requirement of Technologically Advanced Service Robots, Especially for Defense, Rescue and Security Verticals
               5.4.4 Challenges
                        5.4.4.1 Safe Operations While Working Along With Humans
                        5.4.4.2 Longer Time to Commercialize the Robots

    6 Industry Trends 
        6.1 Introduction 
        6.2 Value Chain Analysis 
        6.3 Industry Trends 
        6.4 Porter’s Five Forces Analysis 
               6.4.1 Threats of New Entrants
               6.4.2 Threats of Substitutes
               6.4.3 Bargaining Power of Buyers
               6.4.4 Bargaining Power of Suppliers
               6.4.5 Intensity of Competitive Rivalry

    7 Service Robotics Market, By Operating Environment
        7.1 Introduction 
        7.2 Aerial 
        7.3 Ground Based 
        7.4 Marine

    8 Service Robotics Market, By Application 
        8.1 Introduction 
        8.2 Professional Application 
               8.2.1 Defense, Rescue, & Security
                        8.2.1.1 Demining
                        8.2.1.2 Fire & Bomb Fighting
                        8.2.1.3 Unmanned Aerial Vehicles
                        8.2.1.4 Others (Surveillance & Security)
               8.2.2 Field Tasks
                        8.2.2.1 Milking
                        8.2.2.2 Agriculture
                        8.2.2.3 Forestry
               8.2.3 Medical
               8.2.4 Marine
               8.2.5 Logistics
               8.2.6 Telepresence Robot
               8.2.7 Inspection & Maintenance
               8.2.8 Other Professional Service Applications
        8.3 Personal Application 
               8.3.1 Domestic Tasks
                        8.3.1.1 Vacuuming & Floor Cleaning
                        8.3.1.2 Lawn Mowing
                        8.3.1.3 Pool Cleaning
                        8.3.1.4 Window & Gutter Cleaning
               8.3.2 Entertainment
                        8.3.2.1 Smart Toys
                        8.3.2.2 Robotic Pets
               8.3.3 Education, Research, & Hobbyist
               8.3.4 Other Personal Service Applications

    9 Geographic Analysis 
        9.1 Introduction 
        9.2 North America 
               9.2.1 The U.S.
               9.2.2 Canada
               9.2.3 Mexico
        9.3 Europe 
               9.3.1 U.K.
               9.3.2 Germany
               9.3.3 France
               9.3.4 Rest of Europe
        9.4 Asia-Pacific 
               9.4.1 Japan
               9.4.2 China
               9.4.3 India
               9.4.4 South Korea
        9.5 Rest of the World (RoW) 
               9.5.1 Middle East & Africa
               9.5.2 South America

    10 Competitive Landscape
         10.1 Introduction 
         10.2 Ranking Analysis of the Players Operating in the Service Robotics Market 
         10.3 Competitive Situations and Trends 
         10.4 New Product Launches 
         10.5 Agreements,Partnerships and Collaborations 
         10.6 Expansions 
         10.7 Mergers & Acquisitions

    11 Company Profiles
         11.1 Northrop Grumman Corporation 
         11.2 KUKA AG 
         11.3 IRobot Corporation 
         11.4 Kongsberg Maritime AS 
         11.5 DJI 
         11.6 Intuitive Surgical, Inc. 
         11.7 Parrot SA 
         11.8 Geckosystems Intl. Corp. 
         11.9 Honda Motor Co., Ltd. 
         11.10 Adept Tecnology, Inc. 
         11.11 Bluefin Robotics 
         11.12 ECA Group 
         11.13 Aethon Inc. 
         11.14 Delaval International AB 
         11.15 Lely Holding S.A.R.L.

    The Service Robotics Market has been segmented as below:

    By Operating Environment Analysis:

    • Ground
      • Defense, Rescue & Security
      • Field Robotics
      • Medical
      • Logistics
      • Telepresence
      • Inspection & maintenance
      • Domestic Tasks
      • Education and Entertainment
      • Personal Assistance & Home security
    • Aerial
      • Military
      • Civil & Commercial
    • Marine
    • Automated Guided Underwater Vehicle (AUVs)
    • Remotely Operated Underwater Vehicles (ROVs)
    • Unmanned Surface vehicles Controls

    By Application Analysis:

    • Personal
      • Domestic Tasks
      • Entertainment
      • Education, Research & Hobbyists
    • Professional
      • Logistics
      • Medical
      • Field Robotics
      • Defense, Rescue & Security
      • Marine
      • Telepresence Robot
      • Inspection & Maintenance

    By Regional Analysis

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Got a question? We've got answers. If you have some other questions, see our support center.

    The market is expected to grow at a CAGR of 15% during the study period (2022-2027)
    The Service Robotics Market is expected to be around US$ 45.55 Billion by 2027
    The segment included in Service Robotics Market is Operating Environment, Application and region.
    Some key players operating in the Service Robotics Market include KUKA AG (Germany), iRobot Corporation (U.S.), Kongsberg Maritime AS (Norway), DJI (China), Intuitive Surgical, Inc. (U.S.), Northrop Grumman Corporation (U.S.), Parrot SA (France), GeckoSystems Intl. Corp. (U.S.), Honda Motor Co. Ltd. (Japan), Adept Technology, Inc
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