SHARE
Service Robotics Market

Service Robotics Market Forecasts to 2028 – Global Analysis By Type (Professional, Personal), Component (Services and Hardware), Environment (Aerial, Ground and Marine) and By Geography

4.2 (32 reviews)
Published: October 2021 ID: SMRC21071
4.2 (32 reviews)
Published: October 2021 ID: SMRC21071

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Service Robotics Market is accounted for $20.40 billion in 2020 and is expected to reach $93.74 billion by 2028 growing at a CAGR of 21.0% during the forecast period. Increasing need for automation, high labor cost and lack of skilled human workforce and availability of affordable and energy-efficient robots are driving the market growth. However, high initial investment and installation costs are hampering the growth of the market.

Robots that are used to carry out tasks that are not related to industrial automation and manufacturing are called service robots. The service robotics is a robot that operates semi or entirely autonomous to performing services that are useful to the wellbeing of humans and equipment. The main features of a service robot needed in professional industries include range of motion, accuracy, speed, force compliance, and safety.

Based on the application, the domestic segment is going to have lucrative growth during the forecast period due to the invasion of domestic robots like vacuum robots and cleaning robots are increasing significantly and moreover, the availability of robots on a rental basis additionally attributes the market growth.

By geography, North America is going to have high growth during the forecast period due to the increasing usage of the market in countries like the U.S. and Canada. Also, the increasing use of robotics in the medical, construction sector, and defense sectors increases the market growth in the North America.

Some of the key players profiled in the Service Robotics Market include SoftBank Robotics Group, iRobot Corp, Exyn Technologies, Starship Technologies, Northrop Grumman, Neato Robotics, Stryker Corporation, General Electric, Amazon Robotics, Kongsberg Maritime, Adept Technology, Inc, DJI Technology, LG Electronics Inc., Samsung Electronics Co., Ltd and GeckoSystems International Ltd.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 20.40 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

21.0%

Predicted 2028 Value:

USD 93.74 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

574

Chapters Covered:

Type, Component, Environment, Application and Region

Core Drivers and Opportunities:

  • Increasing need for automation
  • Lack of skilled human workforce
  • Availability of affordable and energy-efficient robots

Restraining Factors & Market Threats:

  • High initial investment
  • Concern for human safety


Types Covered:
• Professional Service Robots
• Personal Service Robots   

Components Covered:
• Software
• Services
• Hardware   

Environments Covered:
• Aerial
• Ground
• Naval   

Applications Covered:
• Aerospace
• Research and Space Exploration
• Supply Chain Sector
• Infrastructure
• Public Relations
• Inspection and Maintenance
• Industrial/Commercial
• Construction
• Defense, Rescue, and Security
• Entertainment and Leisure
• Field
• Healthcare
• Logistics
• Domestic
• Marine

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Service Robotics Market is majorly driven by increasing need for automation, high labor cost and lack of skilled human workforce and availability of affordable and energy-efficient robots.

The domestic segment is growing at a highest CAGR due to the invasion of domestic robots like vacuum robots and cleaning robots are increasing significantly and moreover, the availability of robots on a rental basis additionally attributes the market growth.

North America dominated with a significant market share due to the factors such as increasing usage of the market in countries like the U.S. and Canada. Also, the increasing use of robotics in the medical, construction sector, and defense sectors increases the market growth in the North America.

Asia Pacific market is growing at a highest CAGR due to early adoption of technology in the industries in the region coupled with the tendency to make higher investments in research and adoption of assistive robot technologies has help the market to grow in the region.

Key players in Service Robotics Market include SoftBank Robotics Group, iRobot Corp, Exyn Technologies, Starship Technologies, Northrop Grumman, Neato Robotics, Stryker Corporation, General Electric, Amazon Robotics, Kongsberg Maritime, Adept Technology, Inc, DJI Technology, LG Electronics Inc., Samsung Electronics Co., Ltd and GeckoSystems International Ltd.

Select License Type

Allows one person to have access to the ordered product.The ordered product cannot be distributed to anyone else.
Allows the ordered product to be shared among a maximum of 5 people within your organisation.
Allows the product to be shared among all employees of your organisation at one particular location.
Allows the product to be shared among all employees of your organisation regardless of their geographical location.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials