Market Scenario:
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.
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.
Apart from it, developments in computer aided systems, internet of things (IoT), engineering technologies are the factors driving service robotics. The decreasing human labor has led to a threat in service robotics. Lack of awareness and scarcity of investment for many companies could be the major restraints for service robotics.
The global Service robotics Market is expected to grow at USD ~20 Billion by 2022, at ~15% of CAGR between 2016 and 2022.
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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.
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 – 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.
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.
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
2 Research Methodology
2.1 Research Network Solution
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
6 Service Robotics Market, By Segments
6.1 Introduction
6.2 Market Statistics
6.2.1 By Type
6.2.1.1 Domestic
6.2.1.2 Professional
6.2.2 By End-User
6.2.2.1 Healthcare
6.2.2.2 Automotive
6.2.2.3 Construction
6.2.2.4 Defense
6.2.2.4 Media & Entertainment
6.2.2.4 Others
6.2.3 By Geography
6.2.3.1 North America
6.2.3.2 Europe
6.2.3.3 Asia-Pacific
6.2.3.4 Rest Of The World
Continued…
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