Service Robotics Market - Global Industry Analysis

Service Robotics Market (Professional Service Robots And Personal Service Robots) For Health Care, Defense, Agriculture, Logistics, Aerospace, Research And Development And Other Applications: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 11-Aug-2021 Category: Technology & Media Report Format : PDF Pages: 120 Report Code: ZMR-865 Status : Published

The global Service Robotics Market accounted for USD 19.07 Billion in 2020 and is expected to reach USD 39.19 Billion by 2028, growing at a CAGR of 8.9% from 2021 to 2028.

Description

Market Overview   

The global Service Robotics Market accounted for USD 19.07 Billion in 2020 and is expected to reach USD 39.19 Billion by 2028, growing at a CAGR of 8.9% from 2021 to 2028.    

A service robot may be a robot that performs useful tasks for humans or equipment without an industrial automation function. Service robots help humans by performing employment that's dull, distant, and repetitive, including household chores. there are two major sorts of service robotics like professional service robots and private service robots. Personal service robots are used for non-commercial jobs, for instance, domestic servant robots, pet exercising robots, personal mobility assists robots and automatic wheelchairs. A knowledgeable service robot is employed for a billboard task and operated by a well-trained operator for instance surgery robot in hospitals, a cleaning robot for public places, a fire-fighting robot, and a delivery robot in offices or hospitals.  

Global Service Robotics Market Size

COVID-19 Impact Analysis:

The COVID-19 pandemic had an extraordinary impact on several industries. The markets are adversely impacted due to the temporary closure of assembly plants across the world. Due to government-imposed lockdowns to prevent the spreading of COVID, the global service robotics industry has seen a small decline in revenues in the short. The players in the industry are experiencing irregularity in demand across the globe. The management and workforce are struggling to meet business targets while surviving at basic livelihood needs. The pandemic has hit various industries such as Construction, Oil & Gas, Paint & Coatings, among others drastically, which directly impacted the market. The shutdown of export and imports resulted in diminished demand at a service station.

Growth Factors

The growing demand for Service Robotics in various end-user industries including construction, personal care, industrial process, and consumer goods is expected to drive market growth. The high adoption of service robotics in personal and professional applications is a major factor in driving the growth of this market. Also, high demand in the defense sector of service robotics is fueling the market growth. However, the high price associated with the development of service robots is expected to hamper market growth shortly. Moreover, strong demand from healthcare and defense sectors across the globe is expected to open new growth opportunities for service robotics in upcoming years.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview

Based on the type, the service robotics market is divided into professional service robotics and personal robotics service. Professional service robotics accounted for the highest share in 2018 due to the accomplishment of various tasks with or without the direct intervention of humans and is expected to record the highest CAGR over the forecast period. By application, service robotics market demand is mainly propelled by the healthcare and defense sector.  

Regional Analysis Preview

North America held the highest market share due to a quick rise in product development capacities and industrialization. Furthermore, the rapidly growing automotive industry in North America is also expected to drive the demand for the overall industry. Due to emerging economies such as India, Japan, and China, Asia Pacific is estimated to show the fastest growth for the service robotics market.

Global Service Robotics Market Share

Key Market Players & Competitive Landscape

The key participants in service robotics pace are Touch bionics Ltd, iRobot Corporation, Samsung Techwin Co. Ltd., AB Electrolux, Robert Bosch GmbH, Mako Surgical Corporation, Panasonic Corporation Intuitive surgical Inc., Honda Motors Co. Ltd., Dyson Ltd. and others.

Global Service Robotics Market Regional Analysis

The global Service Robotics market is segmented as follows:  

By Product

  • Professional Service Robots
  • Personal Service Robots

By Application 

  • Healthcare
  • Defense
  • Agriculture
  • Logistics
  • Aerospace
  • Research and development
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Application
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Service Robotics Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Service Robotics Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Professional Service Robots
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Professional Service Robots
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Service Robotics Market –Application Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 5.2. Healthcare
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Aerospace & Defence
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4 Logistics
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Research and Development
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Other
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Service Robotics Market – Region Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Application, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Application, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Product, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Application, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Application, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Application, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Product, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Application, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Product, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Application, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Application, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Product, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Application, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Product, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Application, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Product, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Application, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Application, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Product, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Application, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Application, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Application, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Application, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Application, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Application, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 7: Service Robotics Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. By Application Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Service Robotics Market: Company Market Share, 2019
      • 8.1.2. Global Service Robotics Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Service Robotics Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Service Robotics Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profile
    • 9.1. AB Electrulux
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Touch bionics Ltd
    • 9.3. Samsung Techwin Co. Ltd.
    • 9.4. iRobot Corporation
    • 9.5. Mako Surgical Corporation
    • 9.6. Robert Bosh GmbH
    • 9.7. Intuitive surgical Inc.
    • 9.8. Honda Motors Co. Ltd.
    • 9.9. Panasonic Corporation and Dyson Ltd.
    • 9.10. Others
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Service Robotics Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Product, 2020 & 2028 
FIG NO. 7. Global Service Robotics Market for Professional Service Robots, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Service Robotics Market for Professional Service Robots, By Country, 2020 & 2028
FIG NO. 9. Global Service Robotics Market for Professional Service Robots, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Service Robotics Market for Professional Service Robots, By Country, 2020 & 2028
FIG NO. 11. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 12. Global Service Robotics Market for Healthcare, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Service Robotics Market for Healthcare, By Country, 2020 & 2028 
FIG NO. 14. Global Service Robotics Market for Aerospace & Defence, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Service Robotics Market for Aerospace & Defence, By Country, 2020 & 2028
FIG NO. 16. Global Service Robotics Market for Logistics, Revenue (USD Billion) 2016 – 2028
FIG NO. 17. Comparative Revenue Analysis of Service Robotics Market for Logistics, By Country, 2020 & 2028
FIG NO. 18. Global Service Robotics Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Service Robotics Market for Others, By Country, 2020 & 2028
FIG NO. 20. Global Service Robotics Market Revenue Share, By Region, 2020 & 2028
FIG NO. 21. North America Service Robotics Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 22. Porter’s Five Forces Analysis for Global Service Robotics Market
FIG NO. 23. PEST Analysis for Global Service Robotics Market
FIG NO. 24. Pricing Analysis for Global Service Robotics Market
FIG NO. 25. Value Chain Analysis for Global Service Robotics Market
FIG NO. 26. Company Share Analysis, 2019
FIG NO. 27. Radar Determinant Chart, 2019
FIG NO. 28. Company Strategic Developments – Heat Map Analysis
FIG NO. 29. Business Segment Revenue Share, 2020 (%)
FIG NO. 30. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 31. Market Channels
FIG NO. 32. Marketing Channel Development Trend
FIG NO. 33. Growth in World Gross Product, 2008-2018
FIG NO. 34. Research Methodology – Detailed View
FIG NO. 35. Research Methodology
 


Table Of Tables

List of Tables 

TABLE NO. 1. Global Service Robotics Market: Snapshot
TABLE NO. 2. Quarterly Service Robotics Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Service Robotics Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Service Robotics Market for Professional Service Robots, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Service Robotics Market for Professional Service Robots, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Service Robotics Market for Logistics, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Service Robotics Market for Agriculture, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Service Robotics Market for Healthcare, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Service Robotics Market for Aerospace & Defence, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Service Robotics Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12 Global Service Robotics Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. North America Service Robotics Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 14. North America Service Robotics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Service Robotics Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 16. U.S. Service Robotics Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 17. U.S. Service Robotics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 18. Canada Service Robotics Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 19. Canada Service Robotics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 20. Mexico Service Robotics Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 21. Mexico Service Robotics Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 22. Drivers for the Service Robotics Market: Impact Analysis
TABLE NO. 23. Restraints for the Service Robotics Market: Impact Analysis
TABLE NO. 24. Major Buyers 
TABLE NO. 25. Distributors/Traders List 
TABLE NO. 26. Global Service Robotics Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 27: Global Service Robotics Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)  


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Service Robotics market. Zion Research has collected and analyzed key data belong to the global Service Robotics market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Service Robotics across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Service Robotics industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases, and market reports

News articles, press releases, and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Service Robotics market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage, and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Service robots are used in industries and for the domestic purpose to aid a human in performing a job which is recurring and hard for humans to perform. Service robotics is used to perform everyday jobs that are repetitive, dull, dangerous, and dirty in nature. A service robot is a robot that performs useful tasks such as lawn mowing, automatic floor mopping, dishwashing, and much more for humans apart from their industrial uses. There are two major types of service robots such as professional service robots and personal service robots. Personal service robots are used for household work and entertainment and professional service robots are used for a commercial task like defense, health care, logistics, agriculture and others.

A major factor for driving the service robotics market is strong demand from defense and healthcare sectors. Further, increase in the demand from urban households for domestic cleaning, home security and surveillance are anticipated to support the service robotics market growth. Advancement in technology to develop autonomous and safe robots is expected to fuel market growth in coming years. However, the high price of service may curb the demand for service robotics over the forecast period. Nonetheless, rising application areas globally are expected open new avenues for the market growth over the next few years. Moreover, ongoing research & development in the field of service robotics is expected to offer potential growth opportunity for this market.

Global-Service-Robotics-Market

Service robotics market is segmented on the basis of product, application, and region. On the basis of product, the service robotics market divided into professional service robots and personal service robots. By application, the market is bifurcated into healthcare, defense, logistics, agriculture, research & development. Defense and healthcare sectors are leading sectors in service robotics market. In the healthcare sector, the robots are used for surgery training which is expected to fuel service robotics market demand in future.  Pharmaceutical is expected to show the robust demand of service robotics over the forecast period.

Due to rising usage of service robotics in defense, automotive and healthcare, demand for service robotics was the highest in North America. North America is followed by Asia-Pacific and Europe in terms of demand. In Europe, service robotics market is mainly driven by manufacturing industry and expected to show sizable growth in next coming decade. Asia Pacific is expected to be the fastest-growing region to the growing economies in the region such as China, India, and Japan among others.

The report also includes detailed profiles of end players such as Samsung Techwin Co. Ltd., Touch bionics Ltd, AB Electrolux, iRobot Corporation, Robert Bosch GmbH, Mako Surgical Corporation, Intuitive surgical Inc., Honda Motors Co. Ltd., Panasonic Corporation and Dyson Ltd.

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FrequentlyAsked Questions

The global Service Robotics Market was valued at USD 19.07 Billion in 2020.

The global Service Robotics Market is expected to reach USD 39.19 Billion by 2028, growing at a CAGR of 8.9% between 2021 to 2028.

The high adoption of service robotics in personal and professional applications is a major factor in driving the growth of this market. Also, high demand in the defense sector of service robotics is fueling the market growth.

North America in 2020 ruled the Service Robotics Market and was believed to be the highest income-generating area all over the globe.  

The key participants in service robotics pace are Touch bionics Ltd, iRobot Corporation, Samsung Techwin Co. Ltd., AB Electrolux, Robert Bosch GmbH, Mako Surgical Corporation, Panasonic Corporation Intuitive surgical Inc., Honda Motors Co. Ltd., Dyson Ltd. and others.

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