INTERESTED IN THIS RESEARCH?
Contact our analysts for inquiries, samples, and expert insights.
REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 161.68 billion by 2029 | 25% | Europe |
| By Type | By Application | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Service Robotics Market Overview
The Service robotics market is expected to grow at 25% CAGR from 2022 to 2029. It is expected to reach above USD 161.68 billion by 2029 from USD 21.7 billion in 2020.
Service robots are semi- or fully-automatic robots that carry out necessary and hazardous tasks for people. These robots help people in a variety of fields, including entertainment, domestic work, automation, and medical care. These robots are operated automatically by an internal control system, with the option for manual intervention. These service robots manage time, reduce the workload of the staff and laborers, and increase productivity by removing the possibility of human error.
Due to advantages like providing precise, high-quality services that reduced operating costs and human errors and enhanced usability and dependability, service robotics have become widely accepted in a variety of professional and personal applications. Furthermore, in order to reduce human error in operations and increase productivity, many businesses have adopted robotic technology as a result of the rise in labor costs and the death of trained workers. The demand for service robots has also increased as people’s understanding of the advantages of robots, R&D spending, and the demand for automation in the personal and professional sectors have all increased.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD BILLION) |
| Segmentation | By Type, By Application, By Region |
| By Type
 |
|
| By Application
 |
|
| By Region
 |
|
The cost of manufacturing robots has significantly decreased as a result of the quick development of technology and the increase in robot production. The average cost of a robot has decreased over the past 30 years by half in real terms and even more when compared to labor costs. Additionally, it is anticipated that production of robots will shift to low-cost regions, further lowering the manufacturing cost, due to the rising demand for robots from the emerging economies.
An obstacle to the growth of the service robotics market is the initial capital expenditure needed for procurement, programming integration, and other accessories, which is quite high. This makes it difficult for businesses, especially small and medium-sized ones, to invest in these robots because of their low production volume and low return on investment. The price of replacing sensors, upgrading software, and purchasing new devices raises the cost of owning service robots, which in turn slows the market’s growth.
The COVID-19 outbreak has affected the use of data centers and service robotics. The pandemic had a significant financial impact on this sector. Since China is the world’s primary manufacturing country and its economy was significantly affected by the pandemic, there were significant effects on global supply chains. Due to various technological advancements, the machines’ flexibility has increased, allowing them to now complete several tasks in a short amount of time. Workflow has undergone a revolution as a result of the use of robots in many industries, including logistics, healthcare, agriculture, and defense. The use of robots in the medical field is assisting surgeons in better performing minimally invasive procedures.
Major manufacturing economies’ rising labor costs relative to the price of robots also contribute to an increase in the attractiveness of pricing dynamics, which supports market expansion. Enhanced robot capabilities as a result of technological advancement, as well as increased productivity and quality realized through the use of service robots. Due to the rising demand for automated solutions across many professional sectors, service robotics is gaining traction. Further integration of the service robotics with cutting-edge technologies, like artificial intelligence (AI). The effectiveness and capability of service robotics are being improved by these integrations. Because of the use of robotics, productivity has increased and the economic conditions of developing countries have improved as a result of changing robotics trends.
Service Robotics Market Segment Analysis
The service robotics market is segmented based on vehicle type, form type, application and Region, Global trends and forecast.
By type, the market is bifurcated into Type (Professional service robotics, Personal service robotics), By Application (Healthcare, Defense, Field, Logistics, Construction, Domestic, Entertainment, Other)
By Type, market is divided into personal robots and professional robots. Throughout the forecast period, it is anticipated that the professional service robot segment will hold a larger market share of about 56%. In recent years, the professional market saw good growth. There has been significant market growth as a result of rising demand for service robots across numerous industries, including logistics, defense, construction, and healthcare. The market share of service robotics is greatly impacted by the adoption of automation and mobility in many other industries. Due to the increased increase in labor costs brought on by a lack of skilled labor, the professional segment has grown.
By application, the market is segmented into Healthcare, Defense, Field, Logistics, Construction, Domestic, Entertainment and Others. Â Due to increased automation in this field, where robots are used to move and store the goods, the logistics sector of the commercial segment will hold the largest share of about 31.5%. This helps to save time and ensures efficient operation. In the upcoming years, many industries are anticipated to have high demand for the supply chain processes in this segment. Service robots are employed not only in logistics but also in the medical industry.
Due to a shift in people using integrated robotic solutions for many crucial operations, medical service robots are anticipated to grow significantly during the forecast period. Service robots will be widely used in high-tech testing labs in the medical industry. The results will also be more accurate thanks to the use of service robots in the testing labs. Additionally, service robots are utilized by unmanned aerial vehicles. The agricultural and defense industries use these vehicles.
Service Robotics Market | Exactitude Consultancy
Service Robotics Market Players
The service robotics market key players include iRobot Corporation, Intuitive Surgical Inc, Honda Motor Co., Ltd., Panasonic Corporation, Aethon Inc., Yujin Robot Co. Ltd., Samsung Electronics CO., Ltd., DeLaval, Robert Bosch gmbh, AB Electrolux, Axon Ivy AG.
Recent development
- February 2022: As part of a strategic investment, Ricoh purchased Axon Ivy AG with the aim of enhancing its capabilities for digital process automation.
- September 2022: Canada-based robotics company Avidbots raised USD 70 million in the Series C funding round. The company’s main focus is the development of autonomous cleaning robots, and it has created Neo 2, a robotic floor cleaner intended for use in commercial settings like warehouses, airports, and shopping centers.
Who Should Buy? Or Key stakeholders
- Service robotics Suppliers
- Raw Materials Manufacturers
- Research Organizations
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Others
Service Robotics Regional Analysis
The Service robotics market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The market for service robotics the region of Europe experiences the highest growth. In terms of the global service robotics market, Europe holds the largest market share due to the rising demand for personal and business robots in many of its member states. The location of many market participants in this area. In Europe, there are numerous manufacturing industries. The medical, defense, logistics, and retail sectors are increasingly in demand from these industries. Due to the increased adoption of these robotic solutions in these nations, countries like Germany, the United Kingdom, France, and Italy are predicted to grow strongly during the forecast period.
Following Europe, which is anticipated to grow significantly during the forecast period, the Asia Pacific region is anticipated to have the second-highest share. The research and development activities in the industrial robot sector are the most significant driver of the rising adoption of service robotics in this region. Governments in the Asia-Pacific region are increasing their investments in technologies like automation, artificial intelligence, and robotics. The main drivers of growth in this region are expected to be South Korea, Japan, and China. Increased industrialization, globalization, and the growing need for automation in many industries are driving demand for service robotics. Many people’s quality of life has improved in developing countries like India and China which will eventually propel the growth of this market in that region.
Key Market Segments: Service Robotics Market
Service Robotics Market By Type, 2020-2029, (Usd Billion)
- Professional Service Robotics
- Personal Service Robotics
Service Robotics Market By Application, 2020-2029, (Usd Billion)
- Healthcare
- Defense
- Field
- Logistics
- Construction
- Domestic
- Entertainment
- Other
Service Robotics Market By Region, 2020-2029, (Usd Billion)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the service robotics market over the next 7 years?
- Who are the major players in the service robotics market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the service robotics market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the service robotics market?
- What is the current and forecasted size and growth rate of the global service robotics market?
- What are the key drivers of growth in the service robotics market?
- What are the distribution channels and supply chain dynamics in the service robotics market?
- What are the technological advancements and innovations in the service robotics market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the service robotics market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the service robotics market?
- What are the product offerings and specifications of leading players in the market?
- What is the pricing trend of service robotics’ in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL SERVICE ROBOTICS MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON SERVICE ROBOTICS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL SERVICE ROBOTICS MARKET OUTLOOK
- GLOBAL SERVICE ROBOTICS MARKET BY TYPE, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- PROFESSIONAL SERVICE ROBOTICS
- PERSONAL SERVICE ROBOTICS
- GLOBAL SERVICE ROBOTICS MARKET BY APPLICATION, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- HEALTHCARE
- DEFENSE
- FIELD
- LOGISTICS
- CONSTRUCTION
- DOMESTIC
- ENTERTAINMENT
- OTHER
- GLOBAL SERVICE ROBOTICS MARKET BY REGION, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- IROBOT CORPORATION
- INTUITIVE SURGICAL INC
- HONDA MOTOR CO., LTD.
- PANASONIC CORPORATION
- AETHON INC.
- YUJIN ROBOT CO. LTD.
- SAMSUNG ELECTRONICS CO.LTD.
- DELAVAL ROBERT
- BOSCH GMBH
- AB ELECTROLUX *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 3 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SERVICE ROBOTICS MARKET BY REGION (USD BILLION), 2020-2029
TABLE 4 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 6 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA SERVICE ROBOTICS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 7 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 8 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 9 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SERVICE ROBOTICS MARKET BY TYPE (BILLION), 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA SERVICE ROBOTICS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC SERVICE ROBOTICS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SERVICE ROBOTICS BY TYPE (THOUSAND UNITS), 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH EAST ASIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â EUROPE SERVICE ROBOTICS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â UK SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â UK SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA SERVICE ROBOTICS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â UAE SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â UAE SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SERVICE ROBOTICS MARKET BY TYPE, USD MILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SERVICE ROBOTICS MARKET BY APPLICATION, USD MILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL SERVICE ROBOTICS MARKET BY REGION, USD MILLION, 2020-2029
FIGURE 11          PORTER’S FIVE FORCES MODEL
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL SERVICE ROBOTICS MARKET BY TYPE 2021
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL SERVICE ROBOTICS MARKET BY APPLICATION 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL SERVICE ROBOTICS MARKET BY REGION 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 16Â Â Â Â Â Â Â Â Â Â IROBOT CORPORATION: COMPANY SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â INTUITIVE SURGICAL INC.: COMPANY SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â HONDA MOTOR CO. LTD: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â PANASONIC CORPORATION: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â AETHON INC: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â YUJIN ROBOT CO. LTD: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â SAMSUNG ELECTRONIC CO.: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â DELAVAL.: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â ROBERT BOSCH GMBH: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â AB ELECTROLUX: COMPANY SNAPSHOT
FAQ
The Service robotics market size had crossed USD 21.7 billion in 2020 and will observe a CAGR of more than 25 % up to 2029.
Europe held more than 40% of the Service robotics market revenue share in 2021 and will witness expansion in the forecast period.
Drivers such as the presence of people’s understanding of the advantages of robots, R&D spending, and the demand for automation in the personal and professional sectors.
One of the key trends is the emerging service robotics demands such as high-quality services that reduced operating costs and human errors and enhanced usability and dependability.
The region’s largest share is in Asia pacific. The research and development activities in the industrial robot sector are the most significant driver of the rising adoption of service robotics in this region.
In-Depth Database
Our Report’s database covers almost all topics of all regions over the Globe.
Recognised Publishing Sources
Tie ups with top publishers around the globe.
Customer Support
Complete pre and post sales
support.
Safe & Secure
Complete secure payment
process.