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Service robotics market to grow at a CAGR of 15% and expected to reach USD 20 billion by forecast to 2022 examined in new market research report

Service Robotics Market by Type (Domestic, Professional), End-User (Healthcare, Defense, Electronics, Transportation, Construction) - Forecast 2022

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Market Highlights:

Service robot can be defined as a robot that performs useful tasks for humans or equipment excluding industrial automation application. Service robotics is differentiated into two parts as personal/domestic service robots and professional service robots.

Service robots that are used for performing daily tasks, non-commercial use, and others are the personal/domestic service robots. Whereas service robots that perform commercial tasks and are operated by trained operators are the professional service robots.

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The global Service Robotics Market is expected to grow at USD 20 Billion by 2022, at 15% of CAGR between 2016 and 2022.

The study indicates that technological advancements, innovation and high demands for automation are the major driving factors for the service robotics market. The study indicates that many organizations face challenges of finding skilled workforce, high labor costs, maintaining quality of service, and others, to overcome these challenges service robotic is growing significantly in the market.

Moreover high investments in R&D, growing awareness and human safety concerns are driving the Service Robotics Market.

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Major Key Players:

  • Gecko Systems  Intl. Corp. (U.S.)
  • Honda Motor Co. Ltd. (Japan)
  • Adept Technology, Inc. (U.S.)
  • KUKA AG (Germany)
  • iRobot Corporation (U.S.)
  • Kongsberg Maritime AS (Norway)
  • DJI (China)
  • Intuitive Surgical, Inc. (U.S.)
  • Parrot SA (France)
  • Grumman Corporation (U.S.)
  • Fujitsu Frontech Limited (Japan)
  • LG Electronics Inc. (South Korea)
  • Samsung Electronics Co., Ltd. (South Korea)

Service Robotics Market Segmentation:

The Service robotics Market has been segmented on the basis of type and end user. Looking through the end-user segments it’s been observed that healthcare industry is dominating in service robotics market.

Automotive, defense and construction industries are also showing a positive growth towards service robotics.

In the defense sector, service robotics reduces the human involvement, thereby reducing the number of victims in military actions which would result in increase of service robotics market by the forecast period. 

Regional Analysis:

The regional analysis of Service robotics market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. The ongoing global trend towards robotics is being reflected in an increase in the number of service robots in US.

The study indicates that North America is dominating the service robotic market followed by Europe owing to factors such as increased demand of service robots by defense, medical, construction sectors and inclination towards automation.

The study reveals that Asia-Pacific would be the fastest growing region in the service robotics market by the forecast period. The study also reveals that North America and Europe would show hand-in-hand growth dominate the service robotics market by the forecast period.

Intended Audience:

  • Technology investors
  • Robot component and equipment manufacturers and suppliers
  • Robot manufacturers and suppliers
  • System designers and machine manufacturers
  • Product manufacturers
  • Robot system and software programmers
  • Analysts and strategic business planners
  • End-users
  • Research labs and research institutes
  • System Integrators
  • Government  Organizations
  • Research/Consultancy firms

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Table of Contents

1    Market Introduction

1.1    Introduction   

1.2    Scope of Study

1.2.1    Research Objective

1.2.2    Assumptions

1.2.3    Limitations

1.3    Market Structure

Continued…..

List of Tables

Table 1 Service Robotics Types Market, By Type

Table 2 Service Robotics Types Market, By End-User

Continued…..

List of Figures

Figure 1 Research Network Solution

Figure 2 Service Robotics Types Market: By Type (%)

Continued…..

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