Service robots assist human beings, typically by performing a job that is dirty, dull, distant, dangerous, or repetitive, including household tasks. They typically are autonomous and/or operated by a built-in control system, with manual override options. The service robotics market has been viewing a surge in demand from both residential and commercial sectors. Agriculture, constructions, defense and security, healthcare, professional cleaning, and others are some of the commercial sectors. Whereas, personal services robots are employed for entertainment and domestic purposes. Extensive applications of service robots in various sectors are expected to boost the growth of the global Service Robotics market.
Furthermore, service robots offer delivery of accurate and high-quality services, reduce operational cost, and also reduced the chance of manual error. As well, service robots are being eminent due growing demand for automated solutions across several professional sectors. In addition, the robots are integrated with advanced technologies such as artificial intelligence (AI). These integrations are enhancing the efficiency and capability of robots. All these aforementioned factors are significantly contributing to the growth of the global Service Robotics market.
Moreover, the adoption rate of service robots is expected to enlarge due to high labor costs, lack of skilled workforce, and raising awareness about the benefits of service robots. In addition, key companies operating in the market are investing more in research and developments. This crucial fact further contributes to the market expansion steadily.
Covid-19 Impact on Service Robotics Market:
The intensity of COVID-19 impact on the construction and manufacturing sector is immense compared to other sectors. With the immediate actions taken to curb the spread of the infection, restrictions were imposed on manufacturing, personnel transport, and construction activities. These restrictions caused huge losses to the sector. As most construction sites in several countries shut down and many sites that reopened have faced disrupted supply chains and operational restrictions. A recently published stats show the overall construction and manufacturing industry is about to drop by 15 to 35% which is going to directly affect nations GDP.
Service Robotics Market Segment Overview
Based on product type, the Personal Service Robots segment is expected to grow at a higher rate in the forecast period. Personal and domestic service robots include vacuuming robots, gutter cleaning robots, exoskeletons, lawn mowers, pool cleaning robots, window cleaning robots, toy robots, hobby systems, educational robots, and robots for assistance and elderly care. Exoskeletons are used by people with disabilities to get help in walking or lifting objects due to their growing inclusion in insurance covers. In addition, cleaning robots are now smarter and capable of integrating features such as machine learning and voice control, leading to increased adoption. As well, other initiatives, such as offering service robots on a rental basis are also contributing to the high growth of the personal service robots segment.
Service Robotics Market, By Product Type
· Professional service robots
· Personal service robots
Service Robotics Market, By Application
· Defense
· Agriculture
· Healthcare
· Logistics
· Aerospace
· Infrastructure
· Entertainment
· Research and development
· Others
Service Robotics Market Regional Overview
In terms of region, North America holds a dominant position in the service robotics market. Factors such as the increasing uptake of service robots in the investment and defense sector of North America are the major contributor to the growth of the market. In addition to this, the large-scale production of service robots due to a strong presence of vendors has further firmly supported the market’s growth in this region. Similarly, the market of the Asia Pacific is projected to grow at the fastest rate owing to applications in numerous end-use industries such as logistics, infrastructure, and healthcare.
Service Robotics Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Service Robotics Market, Key Players
· AB Electrolux
· Samsung Techwin Co. Ltd.
· iRobot Corporation
· Robert Bosch GmbH
· Intuitive Surgical Inc.
· Mako Surgical Corporation
· Touch bionics Ltd.
· Panasonic Corporation
· Dyson Ltd.
· Honda Motors Co. Ltd.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Service Robotics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Type
- 5.2.1. Professional service robots
- 5.2.2. Personal service robots
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Defense
- 5.3.2. Agriculture
- 5.3.3. Healthcare
- 5.3.4. Logistics
- 5.3.5. Aerospace
- 5.3.6. Infrastructure
- 5.3.7. Entertainment
- 5.3.8. Research and development
- 5.3.9. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Service Robotics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Type
- 6.2.1. Professional service robots
- 6.2.2. Personal service robots
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Defense
- 6.3.2. Agriculture
- 6.3.3. Healthcare
- 6.3.4. Logistics
- 6.3.5. Aerospace
- 6.3.6. Infrastructure
- 6.3.7. Entertainment
- 6.3.8. Research and development
- 6.3.9. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Service Robotics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Type
- 7.2.1. Professional service robots
- 7.2.2. Personal service robots
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Defense
- 7.3.2. Agriculture
- 7.3.3. Healthcare
- 7.3.4. Logistics
- 7.3.5. Aerospace
- 7.3.6. Infrastructure
- 7.3.7. Entertainment
- 7.3.8. Research and development
- 7.3.9. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Service Robotics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Type
- 8.2.1. Professional service robots
- 8.2.2. Personal service robots
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Defense
- 8.3.2. Agriculture
- 8.3.3. Healthcare
- 8.3.4. Logistics
- 8.3.5. Aerospace
- 8.3.6. Infrastructure
- 8.3.7. Entertainment
- 8.3.8. Research and development
- 8.3.9. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Service Robotics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Type
- 9.2.1. Professional service robots
- 9.2.2. Personal service robots
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Defense
- 9.3.2. Agriculture
- 9.3.3. Healthcare
- 9.3.4. Logistics
- 9.3.5. Aerospace
- 9.3.6. Infrastructure
- 9.3.7. Entertainment
- 9.3.8. Research and development
- 9.3.9. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. AB Electrolux
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Samsung Techwin Co. Ltd.
- 10.6. iRobot Corporation
- 10.7. Robert Bosch GmbH
- 10.8. Intuitive Surgical Inc.
- 10.9. Mako Surgical Corporation
- 10.10. Touch bionics Ltd.
- 10.11. Panasonic Corporation
- 10.12. Dyson Ltd.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
