Service Robotics Market Growth Factors, Applications, Regional Analysis, & Key Players by 2022

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

The trend of automation has gained significant traction and has contributed to the expansion of service robotics. Reports that evaluate the semiconductors and electronics industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is anticipated to achieve USD 20 Billion while progressing at a 15% CAGR in the forecast period.

The expansion of the e-commerce sector globally is expected to motivate the growth of the service robotics market. Moreover, the e-commerce sector is expected to continue its upward growth curve and will thus be crucial to the growth of service robotics. The improvements in AI, advanced sensor technology, Lidar/Radar and GPS are predicted to create viable opportunities for growth in the service robotics market in the approaching period.

Segmental Analysis

The segmentation of the service robotics market is carried out on the basis of type, end-user, and region. On the basis of type, the service robotics market is segmented into domestic and professional. Based on end-users, the service robotics market is segmented into construction, defense, healthcare, electronics, transportation, automotive, supply logistics, media entertainment. The regions included in the service robotics market are Asia Pacific, North America, Europe and the rest of the world.

Detailed Regional Analysis     

The regional study of the service robotics market comprises of regions such as Asia Pacific, North America, Europe and the rest of the world. The current global trend towards robotics is being replicated in an increase in the number of service robots in the US. The analysis indicates that the North American region is controlling the service robotics market and is shadowed by the European region. The study also reveals that the North American and European region would demonstrate simultaneous growth that would dominate the service robotics market in the forecast period. This primarily due to factors such as an augmented demand of service robots by the medical, defense, construction sectors and an inclination towards automation.
The review also observes that the Asia Pacific region would be the fastest increasing region in the service robotics market in the forecast period.

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Competitive Analysis

The market is projected to accomplish an absolute lead in the market place owing to improved strategies in specific areas. The absorbed expenses in the market are readily dispensed with, opening more room for the development in the market. The companies functioning in the market are persistently taking on the hindrances to progress and are forming strategies that are projected to guide to a beneficial outcome on the market's advancement. The advancement of the market is upgraded chiefly due to the reduction in promotional and miscellaneous expenses. An intensified growth pace is observed due to the productive effect exerted by the market forces both externally and internally. The progress capability of the market is bolstered by the accretive nature of the assets available in the market. Additionally, the deals being coined in the market are likely to additionally inspire the development of the market in the impending years.

The leading competitors in the service robotics market are Honda Motor Co. Ltd. (Japan), Adept Technology, Inc. (U.S.), KUKA AG (Germany), iRobot Corporation (U.S.), GeckoSystems Intl. Corp. (U.S.), Kongsberg Maritime AS (Norway), DJI (China), Intuitive Surgical, Inc. (U.S.), Grumman Corporation (U.S.), Fujitsu Frontech Limited (Japan), Parrot SA (France), LG Electronics Inc. (South Korea), Samsung Electronics Co., Ltd. (South Korea) among others

Industry Updates:

Feb 2019 CloudMinds Technology, a Chinese startup which is a developer of robotic solutions and cloud artificial intelligence, recently launched the XR-1 humanoid service robot. The highly intelligent service-oriented humanoid robot signifies a new level of technology growth and commercialization in the zone of intelligent robotics. It’s driven by two innovative technologies called Smart Compliant Actuators (SCAs) and Human Augmented Robotic Intelligence with Extreme Reality (HARIX).

Table of Content:

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
7 COMPETITIVE ANALYSIS

7.1 MARKET SHARE ANALYSIS

7.2 COMPANY PROFILES

7.2.1 GECKOSYSTEMS INTL. CORP. (U.S.)

7.2.2 HONDA MOTOR CO. LTD. (JAPAN)

7.2.3 ADEPT TECHNOLOGY, INC. (U.S.)

7.2.4 KUKA AG (GERMANY)

7.2.5 IROBOT CORPORATION (U.S.)

7.2.6 KONGSBERG MARITIME AS (NORWAY)

7.2.7 DJI (CHINA)

7.2.8 INTUITIVE SURGICAL, INC. (U.S.)

7.2.9 GRUMMAN CORPORATION (U.S.)

7.2.10 OTHERS


LIST OF TABLES
TABLE 1 SERVICE ROBOTICS TYPES MARKET, BY TYPE

TABLE 2 SERVICE ROBOTICS TYPES MARKET, BY END-USER

TABLE 3 SERVICE ROBOTICS TYPES MARKET, BY REGIONS

TABLE 4 NORTH AMERICA LTE MARKET, BY TYPE

TABLE 5 NORTH AMERICA SERVICE ROBOTICS TYPES MARKET, BY END-USER

TABLE 6 U.S. SERVICE ROBOTICS TYPES MARKET, BY TYPE

TABLE 7 U.S. SERVICE ROBOTICS TYPES MARKET, BY END-USER

TABLE 8 CANADA SERVICE ROBOTICS TYPES MARKET, BY TYPE

TABLE 9 CANADA SERVICE ROBOTICS TYPES MARKET, BY END-USER

TABLE 10 EUROPE SERVICE ROBOTICS TYPES MARKET, BY TYPE

TABLE 11 EUROPE SERVICE ROBOTICS TYPES MARKET, BY END-USER

TABLE 12 GERMANY SERVICE ROBOTICS TYPES MARKET, BY TYPE

TABLE 13 GERMANY SERVICE ROBOTICS TYPES MARKET, BY END-USER

TABLE 14 FRANCE SERVICE ROBOTICS TYPES MARKET, BY TYPE

TABLE 15 FRANCE SERVICE ROBOTICS TYPES MARKET, BY END-USER

TABLE 16 U.K. SERVICE ROBOTICS TYPES MARKET, BY TYPE

TABLE 17 U.K. SERVICE ROBOTICS TYPES MARKET, BY END-USER

TABLE 18 REST OF EUROPE SERVICE ROBOTICS TYPES MARKET, BY TYPE

TABLE 19 REST OF EUROPE CHIP ON FLEX MARKET, BY END-USER

TABLE 20 ASIA-PACIFIC SERVICE ROBOTICS TYPES MARKET, BY TYPE

TABLE 21 ASIA-PACIFIC SERVICE ROBOTICS TYPES MARKET, BY END-USER

TABLE 22 MIDDLE EAST AFRICA SERVICE ROBOTICS TYPES MARKET, BY TYPE

TABLE 23 MIDDLE EAST AFRICA SERVICE ROBOTICS TYPES MARKET, BY END-USER

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