The demand for Service Robotics Market is increasing as labor costs increase and the need to monitor, control and manage multiple operations in the healthcare, logistics, defense and home sectors. Difficulties in daily tasks, workloads and intensive task management are driving the demand for Service Robotics due to their high operational efficiency features. The industry is developing rapidly due to the growing consumer awareness associated with huge R & D investment, product innovation and robotic benefits.
In addition, the Service Robotics is increasing the demand for human-supported work, which reduces working pressure, increases efficiency, and makes the same effort in repetitive work. Government initiatives that promote the use of automation and robotic systems and innovations in multiple organizations create multiple Service Robotics Market growth opportunities.Global Service Robotics Market – Key Players Sales and SWOT Analysis : 3D Robotics, AeroVironment Inc., Aethon Inc., Bluefin Robotics, BAE Systems, Delaval International AB, DJI, ECA Group, Ecovacs Robotics, Geckosystems Intl. Corp., Honda Motor Co. Ltd., Intuitive Surgical, Inc., iRobot Corporation, Lely Holding S.A.R.L., Medtronic, Northrop Grumman Corporation, OMRON Adept Technologies, Inc., Parrot SA, Samsung Electronics, Softbank Robotics, Yujin Robot Co. Ltd. and others
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The “Service Robot Market” report is an industry window describing market definition, classification, application, engagement and market trends. This report provides changes in CAGR values during the 2019-2025 market forecast period. Professional and detailed reports focusing on primary and secondary drivers, market share, key sectors and geographies. The Service Robotics Market market research also analyzes market conditions, market share, growth rates, future trends, market drivers, opportunities and challenges, risk and entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis.
Key Highlights of the Service Robotics Market Report:
- The global service robotics market is expected to almost triple by 2024 from the 2017 level.
- The global professional service robotics market was valued at close to US$ 7 Billion in 2017.
- The market for personal and domestic service robotics segment is expected to reach nearly US$ 8 Billion by 2024.
- The global professional service robotics sales volume is predicted to exceed 450,000 units by 2024.
- In 2017, logistic application was the major industry vertical, in terms of market share, followed by medical applications.
- Agriculture/field robots controlled over 14% share of the professional service market in 2017.
- In volume terms, the logistic robots accounted for maximum share of the overall professional service robotics volume in 2017.
- The medical robots accounted for single digit share of the professional service robotics volume in 2015, due to expensive nature of these devices.
- Household robots accounted for maximum share of the personal and domestic service robotics market in 2017.
- It is anticipated that the entertainment and leisure robot will account for nearly 30% share of the personal and domestic service robotics market by 2024.
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Global Service Robotics Market and Volume Forecast – By Type
- Professional Service Robotics
- Personal and Domestic Service Robotics
Global Professional Service Robotics Market and Volume Forecast – By Segment
- Public Relations Robots
- Mobile Platforms
- Rescue and Security
Global Personal and Domestic Service Robotics Market and Volume Forecast – By Segment
- Household Robotics
- Entertainment and Leisure Robotics
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Table of Content:
- Executive Summary
- Global Service Robotics Market and Forecast
- Global Service Robotics Volume and Forecast
- Global Service Robotics Market and Volume Share Analysis
- Global Professional Service Robotics Market and Volume Forecast – By Segment
- Global Personal and Domestic Service Robotics Market and Volume Forecast – By Segment
- Key Player Analysis
- Global Service Robotics Market – Growth Drivers
- Global Service Robotics Market – Challenges
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