Service Robotics Market Share, Size, Trends, & Industry Analysis Report, By Type (Professional Service Robotics, Personal Service Robotics); By Component (Hardware, Software, Services); By Environment; By End-User; By Region: Segment Forecast, 2018 -2026


The global service robotics market size is anticipated to reach USD 54.4 billion by 2026 growing at a CAGR of 17.3% from 2018 to 2026 according to a new report published by The marker research report.  The report ‘Service Robotics Market Share, Size, Trends, & Industry Analysis Report, By Type (Professional Service Robotics, Personal Service Robotics); By Component (Hardware, Software, Services); By Environment; By End-User; By Region: Segment Forecast, 2018 -2026’ provides insights on the current market scenario and the future prospects. In 2017, the hardware segment dominated the global service robotics industry, in terms of revenue. Europe was to be the leading contributor to the global market revenue in 2017.

 

There has been an increase in the demand of service robotics solutions across the world owing to greater need for automation of services. With the increasing use of collaborative robots in service applications, the overall demand for robotics has increased drastically over the years. The rising applications of drones, unmanned ground vehicles, unmanned surface vehicles, autonomous underwater vehicles, unmanned aerial vehicles in the military sector, use of delivery robots, personal assistance robots, inventory management bots in the healthcare & logistics sector coupled with reduction of hardware costs for the manufacturing of service robots are some stimulating factors for the global service robotics industry.

 

Technological advancements in vision software and assistive robots for patient care have further led to the development of innovative products to cater to the customized requirements and diversified applications of service robots in the healthcare industry. Growth of wireless technologies, smartphone adoption, rising trend of cloud computing, strong and stable economic growth in the growing economies, and untargeted potential markets provide lucrative opportunities for the market players in the market.
 

The advent of new technologies has led to the development of efficient and advanced medical robots for providing customized solutions. Consumer robots compatible with iPad/PC are developed for autistic children, which enable therapists and parents to guide them through their activities. Surgeons are able to perform operations from remote locations, allowing them to provide diagnosis through an interactive moving robot with the adoption of latest telesurgery and telepresence technologies. The da Vinci Surgical System, a surgical robot developed by Intuitive Surgical, Inc., holds a major share in the robotic surgery market.

 

Surgical robots are specifically designed to perform surgeries or assist surgeons during operation procedures. It is a significant revenue-generating category in the healthcare segment owing to its high precision. Companies have formed alliances to offer diversified solutions in this segment. For instance, Verily Life Sciences LLC, a company by Alphabet Inc., has partnered with Johnson & Johnson’s Ethicon to manufacture surgical robots under jointly incorporated Verb Surgical, Inc. Another company, TransEnterix, Inc. recently launched the Surgibot Surgical System, which is capable of performing surgeries by creating only one incision for multiple instruments.

 

Europe generated the highest revenue in the service robotics industry in 2017. Growing demand for automation, technological advancements, and increasing labor costs encourage companies to invest in service robotics. Vendors in the service robotics industry deliver customized solutions for self-driving vehicles, surgical technologies, entertainment, and agriculture to cater to a wider audience. Government initiatives such as launch of civilian research and innovation program in robotics in 2014 and incorporation of SPARC Robotics, a joint platform for robotics companies in Europe, help to drive the market growth in Europe. In addition, under the platform of Innovation Union, a Europe 2020 flagship initiative is formed to maximize Europe’s global competitiveness.

 

The well-known companies profiled in the service robotics market report include Intuitive Surgical, Inc., Adept Technology, Inc., Irobot Corporation, Kuka AG, Aethon Inc., Bluefin Robotics, GeckoSystems Intl. Corp., Panasonic Corporation, Yujin Robot, Co., Ltd., Robert Bosch GmbH, Parrot SA, and Kongsberg Maritime. These companies launch new products and collaborate with other leaders in the market to innovate and launch new products to meet the increasing needs and requirements of consumers.

 

The marker research report has segmented the global service robotics market on the basis of type, component, environment, end user and region:

 

Service Robotics Type Outlook (Revenue, USD Billion, 2015 – 2026)

Professional Service Robotics
Personal Service Robotics
Service Robotics Component Outlook (Revenue, USD Billion, 2015 – 2026)

Hardware
Software
Services
Service Robotics Environment Outlook (Revenue, USD Billion, 2015 – 2026)

Ground Based
Aerial
Marine
Service Robotics End User Outlook (Revenue, USD Billion, 2015 – 2026)

Healthcare
Agriculture
Construction
Defense
Logistics and Transportation
Domestic
Entertainment
Others
Service Robotics Regional Outlook (Revenue, USD Billion, 2015 – 2026)

North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Belgium
Russia
Netherlands
Rest of Europe
Asia-Pacific
China
India
Japan
Korea
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA
Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Service Robotics Market Insights
3.1. Service Robotics – Industry snapshot
3.2. Service Robotics - Ecosystem analysis
3.3. Service Robotics Market Dynamics
3.3.1. Service Robotics – Market Forces
3.3.1.1. Service Robotics Market Driver Analysis
3.3.1.2. Service Robotics Market Restraint/Challenges analysis
3.3.1.3. Service Robotics Market Opportunity Analysis
3.4. Industry analysis - Porter's five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Service Robotics Market PEST Analysis, 2017
3.6. Service Robotics Market Value Chain Analysis
3.7. Service Robotics Industry Trends
3.8. Competitive Ranking Analysis
4. Service Robotics Market Size and Forecast, 2018-2026 by Type
4.1. Key Findings
4.2. Professional Service Robotics
4.3. Personal Service Robotics
5. Service Robotics Market Size and Forecast, 2018-2026 by Component
5.1. Key Findings
5.2. Hardware
5.3. Software
5.4. Services
6. Service Robotics Market Size and Forecast, 2018-2026 by Environment
6.1. Key Findings
6.2. Ground Based
6.3. Aerial
6.4. Marine
7. Service Robotics Market Size and Forecast, 2018-2026 by End-User
7.1. Key Findings
7.2. Healthcare
7.3. Agriculture
7.4. Construction
7.5. Defense
7.6. Logistics and Transportation
7.7. Domestic
7.8. Entertainment
7.9. Others
8. Service Robotics Market Size and Forecast, 2018-2026 by Region
8.1. Key Findings
8.2. North America
8.2.1. U. S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. UK
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Belgium
8.3.7. Russia
8.3.8. Netherlands
8.3.9. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. India
8.4.3. Japan
8.4.4. Korea
8.4.5. Singapore
8.4.6. Malaysia
8.4.7. Indonesia
8.4.8. Thailand
8.4.9. Philippines
8.4.10. Rest of Asia-Pacific
8.5. Latin America
8.5.1. Brazil
8.5.2. Mexico
8.5.3. Argentina
8.5.4. Rest of LATAM
8.6. Middle East & Africa
8.6.1. UAE
8.6.2. Saudi Arabia
8.6.3. South Africa
8.6.4. Rest of MEA
9. Company Profiles
9.1. Intuitive Surgical, Inc.
9.1.1. Overview
9.1.2. Financials
9.1.3. Product Benchmarking
9.1.4. Recent Developments
9.2. Adept Technology, Inc.
9.2.1. Overview
9.2.2. Financials
9.2.3. Product Benchmarking
9.2.4. Recent Developments
9.3. Irobot Corporation
9.3.1. Overview
9.3.2. Financials
9.3.3. Product Benchmarking
9.3.4. Recent Developments
9.4. Kuka AG
9.4.1. Overview
9.4.2. Financials
9.4.3. Product Benchmarking
9.4.4. Recent Developments
9.5. Bluefin Robotics
9.5.1. Overview
9.5.2. Financials
9.5.3. Product Benchmarking
9.5.4. Recent Developments
9.6. Aethon Inc.
9.6.1. Overview
9.6.2. Financials
9.6.3. Product Benchmarking
9.6.4. Recent Developments
9.7. GeckoSystems Intl. Corp.
9.7.1. Overview
9.7.2. Financials
9.7.3. Product Benchmarking
9.7.4. Recent Developments
9.8. Panasonic Corporation
9.8.1. Overview
9.8.2. Financials
9.8.3. Product Benchmarking
9.8.4. Recent Developments
9.9. Yujin Robot, Co., Ltd.
9.9.1. Overview
9.9.2. Financials
9.9.3. Product Benchmarking
9.9.4. Recent Developments
9.10. Robert Bosch GmbH,
9.10.1. Overview
9.10.2. Financials
9.10.3. Product Benchmarking
9.10.4. Recent Developments
9.11. Parrot SA
9.11.1. Overview
9.11.2. Financials
9.11.3. Product Benchmarking
9.11.4. Recent Developments
9.12. Kongsberg Maritime
9.12.1. Overview
9.12.2. Financials
9.12.3. Product Benchmarking
9.12.4. Recent Developments


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