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Global Service Robotics Market – Industry Trends and Forecast to 2028

Semiconductors and Electronics

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Global Service Robotics Market – Industry Trends and Forecast to 2028

  • Semiconductors and Electronics
  • Upcoming Report
  • Apr 2021
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Service Robotics Market, By Type (Professional, Personal and Domestic), Environment (Aerial, Ground, Marine), Component (Hardware, Software), Application (Domestic, Medical, Field, Defense, Rescue, and Security, Entertainment, Education, and Personal, Entertainment, Public Relations, Inspection and Maintenance, Logistics, Construction and Demolition, Marine), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Service Robotics Market Market Analysis and Insights : Global Service Robotics Market

The service robotics market is expected to witness market growth at a rate of 34.55% in the forecast period of 2021 to 2028. Data Bridge Market Research report on service robotics market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.  

Service robots are the robots intended to assist humans and complete useful tasks, eliminating the industrial and manufacturing automation applications.

Factors such as the increasing acceptance for robots for the new applications offering high returns on the investment, the increasing utilization of IoT in the robots for cost-efficient analytical maintenance and the growing investment for research on the robots is expected to further boost the growth of the service robotics market. Furthermore, the growing of the insurance coverage for the medical exoskeletons and robotic surgeries is anticipated to propel the growth of the service robotics market in the forecast period. However, the issues over the data secrecy and the guidelines are one of the factors most likely estimated to impede the growth of the service robotics market in the timeline period. Additionally, the rise in the application of robots for companionship, handicap help, and the aid for the elderly population, the attention on improvising the endurance and the range of operation capability of the robots and the acceptance for the swarm intelligence technology allowing for the robots to perform numerous complex tasks with ease will further extend profitable opportunities for the growth of the service robotics market in the coming years. Despite that, the imprecise results obstructing the utilization in critical operations might further challenge the growth of the service robotics market in the near future.

This service robotics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the service robotics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.                                                               

Service Robotics Market Scope and Market Size

The service robotics market is segmented on the basis of type, environment, component and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

  • Based on the type, the service robotics market is segmented into professional, personal and domestic.
  • Based on the environment, the service robotics market is segmented into aerial, ground, marine. Aerial is further sub segmented into commercial drones and consumer drones. Ground is further sub segmented into automated guided vehicles (AGVs), cleaning robots, agricultural robots, surgical robots, entertainment and leisure robots, inspection robots, humanoid robots, powered exoskeletons, telepresence robots, and others. Marine is further sub segmented into remotely operated vehicles (ROVs), unmanned surface vehicles (USVs) and autonomous underwater vehicles (AUVs).
  • Based on the component, the service robotics market is segmented into hardware, software. Hardware is further sub segmented into airframes, sensors, caneras, actuators, power supply, control systems, navigation systems, propulsion systems, and others.
  • Based on the application, the service robotics market is segmented into domestic, medical, field, defense, rescue, and security, entertainment, education, and personal, entertainment, public relations, inspection and maintenance, logistics, construction and demolition, marine. Domestic is further sub segmented into floor cleaning, lawn mowing, pool cleaning, and others. Medical is further sub segmented into surgery assistance, handicap assistance, and others.
  • Field is further sub segmented into harvest management, field farming, dairy and livestock management, and others. Defense, rescue, and security is further sub segmented into demining, fire and bomb fighting, border security and surveillance, and others. Entertainment, educational, and personal Field is further sub segmented into entertainment, education, and companionship and elderly assistance. Inspection and maintenance is further sub segmented into pipe or pipeline inspection, power plant inspection, inspection of energized transmission lines, and others. Logistics is further sub segmented into oceanography, environmental protection and monitoring, archeological exploration, and others.

Service Robotics Market Country Level Analysis

The service robotics market is analysed and market size, volume information is provided by country, type, environment, component and application as referenced above.   

The countries covered in the service robotics market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).  

North America dominates the service robotics market because of the increasing demand from the healthcare sector for therapy. Furthermore the growing acceptance for surgical robots by hospitals, suitable investment scenario for the research on the assistive technologies, and the accessibility of the scientifically advanced service robots will further boost the growth of the service robotics market in the region in the forecast period. Asia-Pacific is projected to observe significant amount of growth in the service robotics market because of the thriving automotive industry. Moreover, the demand for service robotics is estimated to increase in the advancing countries because of the rise in manufacturing and production bases which is further anticipated to propel the growth of the service robotics market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Service Robotics Market Share Analysis

The service robotics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to service robotics market.

The major players covered in the service robotics market report are Parrot Drones SAS, GeckoSystems Intl. Corp., KUKA AG, DJI, OMRON Corporation, Alibaba Group Holding Limited, Lely, Honda Motor Co., Ltd., KONGSBERG, DeLaval Inc., iRobot India., Intuitive Surgical., ECA GROUP, Northrop Grumman, Aethon., Daifuku Co., Ltd., Cal-Comp Technology (Philippines), Inc., General Dynamics Mission Systems, Inc., Seegrid Corporation., Kollmorgen., Dematic, Knightscope, Inc., JBT, Smith & Nephew plc, Murata Machinery, Ltd., SSI SCHAEFER AGGrenzebach Group, Stryker Corporation, Bastian Solutions, Inc., Panasonic Corporation, YUJIN ROBOT CO., LTD., SAMSUNG, SoftBank Robotics, Robert Bosch GmbH, ECOVACS, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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The Service Robotics Market is projected to grow at a CAGR of 34.55% during the forecast period by 2028.
Global Service Robotics Market segmented By Application such as Domestic, Medical, Field, Defense, Rescue, and Security, Entertainment, Education, and Personal, Entertainment, Public Relations, Inspection and Maintenance, Logistics, Construction and Demolition, Marine.
This service robotics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
The major players covered in the service robotics market report are Parrot Drones SAS, GeckoSystems Intl. Corp., KUKA AG, DJI, OMRON Corporation, Alibaba Group Holding Limited, Lely, Honda Motor Co., Ltd., KONGSBERG, DeLaval Inc., iRobot India., Intuitive Surgical., ECA GROUP, etc.
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