The global demand for Service Robotics Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Units in 2019 and foreseen to touch XX Kilo Units by 2026 with a CAGR of XX% during 2020-2026.
A service robot is a robot that liberates people by playing out some valuable errands for them. It helps individuals, generally, by playing out a job that is filthy, dull, far off, hazardous, or monotonous, including household chores. They vary from industrial robots used to robotize fabricating measures both in their job and structure. It works through an inbuilt control framework that one can physically supersede when required. It may have partial or full autonomy. A complete autonomy service robot works freely without requiring any dynamic cooperation or intercession from a human. Moreover, a partially autonomous service robot, on the other hand, interacts with humans to accomplish the task.
The global service robot market is projected to grow at a healthy rate during the forecast period. The market witnesses the enormous potential for growth in the coming year. This is because businesses want to automate specific processes for safety, productivity, and efficiency. The safety and productivity advantages of these service robots help businesses allow the market to flourish at an impressive rate. These robots are exploring their application in vast fields. An increasing number of firms have been developing and honing automation techniques to gain market share. For this, service robots are increasingly being improved with the latest generation sensors and control systems. Meanwhile, service robots act as a substitute for human labor, which has been a crucial issue. The increasing incorporation of service robots will affect the labor market. Also, the lack of support and high cost of robots is posing a barrier to market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of service robotics.
The entire service robotics market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Professional Service Robots
- Field Robots
- Professional Cleaning
- Inspection and Maintenance
- Construction and Demolition
- Logistics Systems (Manufacturing and Non-manufacturing)
- Medical Robots
- Rescue and Security Robots
- Defense Robots
- Underwater Systems (Civil/General)
- Powered Human Exoskeletons
- Public Relation Robots
- Personal Service Robots
- Robots for Domestic Tasks
- Entertainment Robots
- Elderly and Handicap Assistance
This section covers regional segmentation which accentuates on current and future demand for service robotics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Service Robotics Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the service robotics market include iRobot Corporation, Samsung Electronics, AB Electrolux, Toyota Motor Corporation, Fujitsu Frontech Limited, Hanool Robotics Corp., LG Electronics Inc., Honda Motors Co. Ltd., Sony Corp., GeckoSystems, Fujitsu, Yujin Robot. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.