Service robotics Market

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.  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.

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Service Robotics Market | Exactitude Consultancy[/caption]

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.

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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?

1. INTRODUCTION
   
   
   
   1. MARKET DEFINITION
   
   
   2. MARKET SEGMENTATION
   
   
   3. RESEARCH TIMELINES
   
   
   4. ASSUMPTIONS AND LIMITATIONS
   
   
   
   


2. RESEARCH METHODOLOGY
   
   
   
   1. DATA MINING
      
      
      
      1. SECONDARY RESEARCH
      
      
      2. PRIMARY RESEARCH
      
      
      3. SUBJECT-MATTER EXPERTS’ ADVICE
      
      
      
      
   
   
   2. QUALITY CHECKS
      
      
      
      1. FINAL REVIEW
      
      
      
      
   
   
   3. DATA TRIANGULATION
      
      
      
      1. BOTTOM-UP APPROACH
      
      
      2. TOP-DOWN APPROACH
      
      
      3. RESEARCH FLOW
      
      
      
      
   
   
   4. DATA SOURCES
   
   
   
   


3. EXECUTIVE SUMMARY


4. MARKET OVERVIEW
   
   
   
   1. GLOBAL SERVICE ROBOTICS MARKET OUTLOOK
      
      
      
      1. MARKET DRIVERS
      
      
      2. MARKET RESTRAINTS
      
      
      3. MARKET OPPORTUNITIES
      
      
      
      
   
   
   2. IMPACT OF COVID-19 ON SERVICE ROBOTICS MARKET
   
   
   3. PORTER’S FIVE FORCES MODEL
      
      
      
      1. THREAT FROM NEW ENTRANTS
      
      
      2. THREAT FROM SUBSTITUTES
      
      
      3. BARGAINING POWER OF SUPPLIERS
      
      
      4. BARGAINING POWER OF CUSTOMERS
      
      
      5. DEGREE OF COMPETITION
      
      
      
      
   
   
   4. INDUSTRY VALUE CHAIN ANALYSIS
   
   
   
   


5. GLOBAL SERVICE ROBOTICS MARKET BY TYPE, 2020-2029, (USD BILLION), (THOUSAND UNITS)
   
   
   
   1. PROFESSIONAL SERVICE ROBOTICS
   
   
   2. PERSONAL SERVICE ROBOTICS
   
   
   
   


6. GLOBAL SERVICE ROBOTICS MARKET BY APPLICATION, 2020-2029, (USD BILLION), (THOUSAND UNITS)
   
   
   
   1. HEALTHCARE
   
   
   2. DEFENSE
   
   
   3. FIELD
   
   
   4. LOGISTICS
   
   
   5. CONSTRUCTION
   
   
   6. DOMESTIC
   
   
   7. ENTERTAINMENT
   
   
   8. OTHER
   
   
   
   


7. GLOBAL SERVICE ROBOTICS MARKET BY REGION, 2020-2029, (USD BILLION), (THOUSAND UNITS)
   
   
   
   1. NORTH AMERICA
      
      
      
      1. US
      
      
      2. CANADA
      
      
      3. MEXICO
      
      
      
      
   
   
   2. SOUTH AMERICA
      
      
      
      1. BRAZIL
      
      
      2. ARGENTINA
      
      
      3. COLOMBIA
      
      
      4. REST OF SOUTH AMERICA
      
      
      
      
   
   
   3. EUROPE
      
      
      
      1. GERMANY
      
      
      2. UK
      
      
      3. FRANCE
      
      
      4. ITALY
      
      
      5. SPAIN
      
      
      6. RUSSIA
      
      
      7. REST OF EUROPE
      
      
      
      
   
   
   4. ASIA PACIFIC
      
      
      
      1. INDIA
      
      
      2. CHINA
      
      
      3. JAPAN
      
      
      4. SOUTH KOREA
      
      
      5. AUSTRALIA
      
      
      6. SOUTH-EAST ASIA
      
      
      7. REST OF ASIA PACIFIC
      
      
      
      
   
   
   5. MIDDLE EAST AND AFRICA
      
      
      
      1. UAE
      
      
      2. SAUDI ARABIA
      
      
      3. SOUTH AFRICA
      
      
      4. REST OF MIDDLE EAST AND AFRICA
      
      
      
      
   
   
   
   

8. COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
   
   
   
   1. IROBOT CORPORATION
   
   
   2. INTUITIVE SURGICAL INC
   
   
   3. HONDA MOTOR CO., LTD.
   
   
   4. PANASONIC CORPORATION
   
   
   5. AETHON INC.
   
   
   6. YUJIN ROBOT CO. LTD.
   
   
   7. SAMSUNG ELECTRONICS CO.LTD.
   
   
   8. DELAVAL ROBERT
   
   
   9. BOSCH GMBH
   
   
   10. AB ELECTROLUX *THE COMPANY LIST IS INDICATIVE
   
   
   
   

LIST OF TABLES

TABLE 1                 GLOBAL SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 2                 GLOBAL SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 3                 GLOBAL SERVICE ROBOTICS MARKET BY REGION (USD BILLION), 2020-2029

TABLE 4                 NORTH AMERICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 5                NORTH AMERICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 6                 NORTH AMERICA SERVICE ROBOTICS MARKET BY COUNTRY (USD BILLION), 2020-2029

TABLE 7                 US SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 8                 US SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 9                 CANADA SERVICE ROBOTICS MARKET BY TYPE (BILLION), 2020-2029

TABLE 10              CANADA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 11              MEXICO SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 12              MEXICO SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 13              SOUTH AMERICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 14              SOUTH AMERICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 15              SOUTH AMERICA SERVICE ROBOTICS MARKET BY COUNTRY (USD BILLION), 2020-2029

TABLE 16              BRAZIL SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 17              BRAZIL SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 18              ARGENTINA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 19              ARGENTINA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 20              COLOMBIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 21              COLOMBIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 22              REST OF SOUTH AMERICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 23              REST OF SOUTH AMERICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 24              ASIA-PACIFIC SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 25              ASIA-PACIFIC SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 26              ASIA-PACIFIC SERVICE ROBOTICS MARKET BY COUNTRY (USD BILLION), 2020-2029

TABLE 27              INDIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 28              INDIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 29              CHINA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 30              CHINA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 31              JAPAN SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 32              JAPAN SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 33              SOUTH KOREA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 34              SOUTH KOREA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 35              AUSTRALIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 36              AUSTRALIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 37              SOUTH EAST ASIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 38              SOUTH EAST ASIA SERVICE ROBOTICS BY TYPE (THOUSAND UNITS), 2020-2029

TABLE 39              SOUTH EAST ASIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 40              REST OF ASIA PACIFIC SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 41              REST OF ASIA PACIFIC SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 42              EUROPE SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 43              EUROPE SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 44              EUROPE SERVICE ROBOTICS MARKET BY COUNTRY (USD BILLION), 2020-2029

TABLE 45              GERMANY SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 46              GERMANY SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 47              UK SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 48              UK SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 49              FRANCE SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 50              FRANCE SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 51              ITALY SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 52              ITALY SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 53              SPAIN SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 54              SPAIN SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 55              RUSSIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 56              RUSSIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 57              REST OF EUROPE SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 58              REST OF EUROPE SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 59              MIDDLE EAST AND AFRICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 60              MIDDLE EAST AND AFRICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 61              MIDDLE EAST AND AFRICA SERVICE ROBOTICS MARKET BY COUNTRY (USD BILLION), 2020-2029

TABLE 62              UAE SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 63              UAE SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 64              SAUDI ARABIA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 65              SAUDI ARABIA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 66              SOUTH AFRICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 67              SOUTH AFRICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

TABLE 68              REST OF MIDDLE EAST AND AFRICA SERVICE ROBOTICS MARKET BY TYPE (USD BILLION), 2020-2029

TABLE 69              REST OF MIDDLE EAST AND AFRICA SERVICE ROBOTICS MARKET BY APPLICATION (USD BILLION), 2020-2029

LIST OF FIGURES

FIGURE 1              MARKET DYNAMICS

FIGURE 2              MARKET SEGMENTATION

FIGURE 3              REPORT TIMELINES: YEARS CONSIDERED

FIGURE 4              DATA TRIANGULATION

FIGURE 5              BOTTOM-UP APPROACH

FIGURE 6              TOP-DOWN APPROACH

FIGURE 7              RESEARCH FLOW

FIGURE 8              GLOBAL SERVICE ROBOTICS MARKET BY TYPE, USD MILLION, 2020-2029

FIGURE 9              GLOBAL SERVICE ROBOTICS MARKET BY APPLICATION, USD MILLION, 2020-2029

FIGURE 10           GLOBAL SERVICE ROBOTICS MARKET BY REGION, USD MILLION, 2020-2029

FIGURE 11           PORTER’S FIVE FORCES MODEL

FIGURE 12           GLOBAL SERVICE ROBOTICS MARKET BY TYPE 2021

FIGURE 13           GLOBAL SERVICE ROBOTICS MARKET BY APPLICATION 2021

FIGURE 14           GLOBAL SERVICE ROBOTICS MARKET BY REGION 2021

FIGURE 15           MARKET SHARE ANALYSIS

FIGURE 16           IROBOT CORPORATION: COMPANY SNAPSHOT

FIGURE 17           INTUITIVE SURGICAL INC.: COMPANY SNAPSHOT

FIGURE 18           HONDA MOTOR CO. LTD: COMPANY SNAPSHOT

FIGURE 19           PANASONIC CORPORATION: COMPANY SNAPSHOT

FIGURE 20           AETHON INC: COMPANY SNAPSHOT

FIGURE 21           YUJIN ROBOT CO. LTD: COMPANY SNAPSHOT

FIGURE 22           SAMSUNG ELECTRONIC CO.: COMPANY SNAPSHOT

FIGURE 23           DELAVAL.: COMPANY SNAPSHOT

FIGURE 24           ROBERT BOSCH GMBH: COMPANY SNAPSHOT

FIGURE 26           AB ELECTROLUX: COMPANY SNAPSHOT