Service Robotics Market Size, Emerging Technologies, Key Players Analysis, Regional Trends, Development Strategy, Latest Innovations and Industry Growth with 15% of CAGR by Forecast 2022

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Market Research Future published a research report on “Service Robotics Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Service Robotics Market Global Market- Overview

A service robot is a type of robot that executes the essential tasks for humans or equipment excluding industrial automation application. Service robotics is segregated into two parts as personal/domestic service robots and professional service robots. The domestic service robots are used for domestic task which include humanoids, pool cleaning, window cleaning and others. Further, the personal robots are implemented for entertainment robots, personal transportation, home security, and others. The major driving factors for the growth of Service Robotics Market include rising need for medical and healthcare sector and surging implementation of robots in education & manufacturing purposes. Additionally, technological advancement in computer aided systems, internet of things (IoT), and engineering technologies are also some of the factors for propelling service robotics market. On the flipside, lack of awareness and scarcity of investment for many companies could be impelling factors for the growth of service robotics market over the review period.

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Industry News

October 2017, iRobot Corporation, one of the leading manufacturer of consumer robot had acquired Robopolis SAS based in France. By this acquisition, iRobot Corporation would be able to expand the presence in European region.

March 2018, KUKA AG based in Germany, one of the leading manufacturer of industrial robots and solutions for factory automation had come aligned with the HOMAG Group one of the leading supplier of integrated solutions for production in the wood processing industry. By this aligment, both of the parties will have an intensive cooperation in global development projects and emphasis on the sale of automated solutions for the global wood processing market.

March 2018, ANA Holdings Inc., one of the largest airline in Japan in terms of revenues and passenger numbers. and Honda Company had agreed and signed a Memorandum of Understanding (MoU) for a strategic partnership backing the expansion of the business jet market around the globe.

Key Players

The prominent players in the Service robotics Market are – GeckoSystems  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) among others

Service Robotics Market Global Market – Segmentation

  • Segmentation by Type: Domestic and Professional.
  • Segmentation by End-user: Automotive, Transportation, Healthcare, Construction, Defense, Media & Entertainment, Security, Supply & Logistics, Agriculture, and Others.
  • Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World.

Service Robotics Market Global Market   – Regional Analysis

Geographically, the Service Robotics market are categorized into four regions namely North America, Europe, Asia Pacific, and Rest of the World. Asia-Pacific is expected to dominate the global service robotics market with the largest market share in the region. China, Taiwan, South Korea, Japan, India are the leading countries in the region. This is due to lower labour costs, inexpensive raw material required for the manufacturer of the robots. Furthermore, North America is anticipated to have a substantial growth region. The U.S and Canada are leading countries in the region. The growth is attributed to presence of large number of manufacturer with robust manufacturing technology.  

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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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