Global Service Robotics Market

Global Service Robotics Market

Global Service Robotics Market Size By Application, By Component, By geographic Scope and Forecast

According to Verified Market Research, the Global Service Robotics Market was valued at USD 11.62 Billion in 2018 and is projected to reach USD 35.67 Billion by 2026, growing at a CAGR of 14.98% from 2019 to 2026.

Modernization has compelled the market for contemporary services and has increased the connectivity along with several other advanced services. With ensuing expansions, the IT industry has boomed in the global market. Latest technological trends have been an affluent source for these expansions. Artificial Intelligence is one of the recent technological developments which has been pursued by various industries such as education, automotive, construction, etc. Artificial Intelligence has helped our society grow in numerous ways such as daily chores, agriculture, education, etc.

There are few job types which are dangerous, repetitive and dull which can be done by the robots. Such robots who can perform these tasks are known as service robots. Service robots are categorized according to personal or professional use. They have many forms and structures as well as application areas.

The applications of service robots and the latest technological developments used to modify them is booming in the global market. Service robots are not a monotonous technology as there are various applications available in the market. Different vertical has different set of functions and requirements, thus, the latest technological developments in these verticals are expected to fuel the market for global service robots.

Moreover, growing application of service robots in end use market is expected to drive the global service robotics market. In spite of making sustainable progress, service robots suffer a potential threat of having technical errors and high initial R&D expenditure. This might hinder the overall market for service robotics at a global level.

On the basis of regional analysis, the Global Service Robotics Market is classified into North America, Europe, Asia Pacific and Rest of the world. The service robotics market in the Asia Pacific region is projected to grow at the highest CAGR over the forecast period owing to growing demand from emerging economies i.e. China and India.

The major players in the market are Northrop Grumman Corporation, Kuka AG, Irobot Corporation, Kongsberg Maritime, DJI, Intuitive Surgical, Inc., Parrot SA, Geckosystems Intl. Corp., and Honda Motor Co., Ltd. Apart from these, some of the other prominent players include Adept Technology, Inc., Bluefin Robotics, ECA Group and Aethon Inc. among others.


1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP DOWN APPROACH
2.1 RESEARCH FLOW
2.11 DATA SOURCES
2.12 PRIMARY INTERVIEWS
2.12.1 PRIMARY INTERVIEW BREAKDOWN
3 EXECUTIVE SUMMARY
3.1 MARKET OVERVIEW
3.2 GLOBAL SERVICE ROBOTICS MARKET GEOGRAPHICAL ANALYSIS
3.3 GLOBAL SERVICE ROBOTICS MARKET, BY APPLICATION (USD MILLION)
3.4 GLOBAL SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS (USD MILLION)
3.5 GLOBAL SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS (USD MILLION)
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE MARKET OPPORTUNITIES
4.2 GLOBAL MARKET SPLIT
5 MARKET OUTLOOK
5.1 GLOBAL SERVICE ROBOTS MARKET OUTLOOK
5.2 MARKET DRIVERS
5.2.1 USE OF ROBOTS IN END-USER MARKET
5.2.2 TECHNOLOGICAL ADVANCEMENT IN THE FIELD OF ROBOTICS
5.3 MARKET RESTRAINTS
5.3.1 HIGH INITIAL R&D EXPENDITURE
5.4 MARKET OPPORTUNITIES
5.4.1 INCREASE IN VC INVESTMENTS
5.4.2 HUGE POTENTIAL IN DEVELOPING COUNTRIES
5.5 MARKET CHALLENGES
5.5.1 LONGER TIME TO COMMERCIALIZE THE ROBOTS
6 INDUSTRY TRENDS
6.1 VALUE CHAIN ANALYSIS
6.2 INDUSTRY TRENDS
6.2.1 ROBOTIC AUTOMATION
6.2.2 ROBOT-AS-A-SERVICE
6.2.3 COLLABORATIVE ROBOTS
6.2.4 DRONES
6.2.5 CLOUD ROBOTICS
6.3 PORTER’S FIVE FORCES ANALYSIS
7 MARKET, BY APPLICATION
7.1 OVERVIEW
7.2 PROFESSIONAL APPLICATIONS
7.2.1 DEFENSE, RESCUE & SECURITY
7.2.2 FIELD ROBOTS
7.2.3 MEDICAL
7.2.4 MARINE
7.2.5 LOGISTICS
7.2.6 TELEPRESENCE
7.2.7 INSPECTION & MAINTENANCE
7.2.8 OTHERS
7.3 PERSONAL APPLICATIONS
7.3.1 DOMESTIC TASKS
7.3.2 ENTERTAINMENT
7.3.3 EDUCATION, RESEARCH & HOBBYIST
7.3.4 OTHER PERSONAL SERVICE APPLICATIONS
8 SERVICE ROBOTICS MARKET COMPONENT ANALYSIS
8.1 JOINTS
8.2 MOTION CONTROLS
8.3 GEARBOXES
8.4 OTHER COMPONENTS
9 MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 U.S.
9.2.2 CANADA
9.2.3 MEXICO
9.3 EUROPE
9.3.1 GERMANY
9.3.2 UK
9.3.3 FRANCE
9.4 ASIA PACIFIC
9.4.1 CHINA
9.4.2 JAPAN
9.4.3 INDIA
9.4.4 SOUTH KOREA
9.5 REST OF THE WORLD (ROW)
9.5.1 MIDDLE EAST & AFRICA
9.5.2 SOUTH AMERICA
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPETITIVE SCENARIO
10.3 COMPANY MARKET RANKING ANALYSIS
11 COMPANY PROFILES
11.1 HONDA MOTOR CO., LTD.
11.1.1 COMPANY OVERVIEW
11.1.2 COMPANY INSIGHTS
11.1.3 SEGMENT BREAKDOWN
11.1.4 PRODUCT BENCHMARKING
11.1.5 SWOT ANALYSIS
11.2 NORTHROP GRUMMAN CORPORATION
11.2.1 COMPANY OVERVIEW
11.2.2 COMPANY INSIGHTS
11.2.3 SEGMENT BREAKDOWN
11.2.4 PRODUCT BENCHMARKING
11.2.5 COMPANY LANDSCAPE
11.2.6 SWOT ANALYSIS
11.3 KUKA AG
11.3.1 COMPANY OVERVIEW
11.3.2 COMPANY INSIGHTS
11.3.3 SEGMENT BREAKDOWN
11.3.4 PRODUCT BENCHMARKING
11.3.5 COMPANY LANDSCAPE
11.3.6 SWOT ANALYSIS
11.4 KONGSBERG MARITIME AS
11.4.1 COMPANY OVERVIEW
11.4.2 COMPANY INSIGHTS
11.4.3 SEGMENT BREAKDOWN
11.4.4 PRODUCT BENCHMARKING
11.4.5 COMPANY LANDSCAPE
11.5 OMRON CORPORATION
11.5.1 COMPANY OVERVIEW
11.5.2 COMPANY INSIGHTS
11.5.3 SEGMENT BREAKDOWN
11.5.4 PRODUCT BENCHMARKING
11.5.5 COMPANY LANDSCAPE
11.6 IROBOT CORPORATION
11.6.1 COMPANY OVERVIEW
11.6.2 COMPANY INSIGHTS
11.6.3 PRODUCT BENCHMARKING
11.7 DJI
11.7.1 COMPANY OVERVIEW
11.7.2 COMPANY INSIGHTS
11.7.3 PRODUCT BENCHMARKING
11.7.4 COMPANY LANDSCAPE
11.8 INTUITIVE SURGICAL, INC.
11.8.1 COMPANY OVERVIEW
11.8.2 COMPANY INSIGHTS
11.8.3 SEGMENT BREAKDOWN
11.8.4 PRODUCT BENCHMARKING
11.8.5 COMPANY LANDSCAPE
11.9 PARROT SA
11.9.1 COMPANY OVERVIEW
11.9.2 COMPANY INSIGHTS
11.9.3 SEGMENT BREAKDOWN
11.9.4 PRODUCT BENCHMARKING
11.1 GECKOSYSTEMS INTL. CORP
11.10.1 COMPANY OVERVIEW
11.10.2 COMPANY INSIGHTS
11.10.3 PRODUCT BENCHMARKING
11.10.4 COMPANY LANDSCAPE
11.11 BLUEFIN ROBOTICS
11.11.1 COMPANY OVERVIEW
11.11.2 COMPANY INSIGHTS
11.11.3 PRODUCT BENCHMARKING
11.11.4 COMPANY LANDSCAPE
11.12 ECA GROUP
11.12.1 COMPANY OVERVIEW
11.12.2 COMPANY INSIGHTS
11.12.3 SEGMENT BREAKDOWN
11.12.4 PRODUCT BENCHMARKING
11.13 AETHON INC.
11.13.1 COMPANY OVERVIEW
11.13.2 COMPANY INSIGHTS
11.13.3 PRODUCT BENCHMARKING
11.13.4 COMPANY LANDSCAPE
11.14 DELAVAL INC.
11.14.1 COMPANY OVERVIEW
11.14.2 COMPANY INSIGHTS
11.14.3 PRODUCT BENCHMARKING
11.14.4 KEY DEVELOPMENTS
11.15 LELY HOLDING S.A.R.L.
11.15.1 COMPANY OVERVIEW
11.15.2 COMPANY INSIGHTS
11.15.3 PRODUCT BENCHMARKING
11.15.4 KEY DEVELOPMENTS
LIST OF TABLES
TABLE 1 GLOBAL SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 2 GLOBAL SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS, 2016 – 2025 (USD MILLION)
TABLE 3 GLOBAL SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS, 2016 – 2025 (USD MILLION)
TABLE 4 SUPPLIERS OF JOINTS
TABLE 5 SUPPLIERS OF MOTION CONTROLS
TABLE 6 SUPPLIERS OF GEARBOXES
TABLE 7 SUPPLIERS OF OTHER COMPONENTS
TABLE 8 GLOBAL SERVICE ROBOTICS MARKET, BY GEOGRAPHY, 2016 – 2025 (USD MILLION)
TABLE 9 NORTH AMERICA SERVICE ROBOTICS MARKET, BY COUNTRY, 2016 – 2025 (USD MILLION)
TABLE 10 NORTH AMERICA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 11 NORTH AMERICA SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS, 2016 – 2025 (USD MILLION)
TABLE 12 NORTH AMERICA SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS, 2016 – 2025 (USD MILLION)
TABLE 13 U.S. SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 14 CANADA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 15 MEXICO SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 16 EUROPE SERVICE ROBOTICS MARKET, BY COUNTRY, 2016 – 2025 (USD MILLION)
TABLE 17 EUROPE SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 18 EUROPE SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS, 2016 – 2025 (USD MILLION)
TABLE 19 EUROPE SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS, 2016 – 2025 (USD MILLION)
TABLE 20 GERMANY SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 21 UK SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 22 FRANCE SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 23 ASIA PACIFIC SERVICE ROBOTICS MARKET, BY COUNTRY, 2016 – 2025 (USD MILLION)
TABLE 24 ASIA PACIFIC SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 25 ASIA PACIFIC SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS, 2016 – 2025 (USD MILLION)
TABLE 26 ASIA PACIFIC SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS, 2016 – 2025 (USD MILLION)
TABLE 27 CHINA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 28 JAPAN SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 29 INDIA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 30 SOUTH KOREA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 31 ROW SERVICE ROBOTICS MARKET, BY REGION, 2016 – 2025 (USD MILLION)
TABLE 32 ROW SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 33 ROW SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS, 2016 – 2025 (USD MILLION)
TABLE 34 ROW SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS, 2016 – 2025 (USD MILLION)
TABLE 35 MIDDLE EAST & AFRICA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 36 SOUTH AMERICA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION)
TABLE 37 COMPANY MARKET RANKING ANALYSIS
TABLE 38 HONDA MOTOR CO., LTD.: PRODUCT BENCHMARKING
TABLE 39 NORTHROP GRUMMAN CORPORATION: PRODUCT BENCHMARKING
TABLE 40 NORTHROP GRUMMAN CORPORATION: COMPANY LANDSCAPE
TABLE 41 KUKA AG: PRODUCT BENCHMARKING
TABLE 42 KUKA AG: COMPANY LANDSCAPE
TABLE 43 KONGSBERG MARITIME AS : PRODUCT BENCHMARKING
TABLE 44 KONGSBERG MARITIME AS: COMPANY LANDSCAPE
TABLE 45 OMRON CORPORATION : PRODUCT BENCHMARKING
TABLE 46 OMRON CORPORATION: COMPANY LANDSCAPE
TABLE 47 IROBOT CORPORATION: PRODUCT BENCHMARKING
TABLE 48 DJI: PRODUCT BENCHMARKING
TABLE 49 DJI: COMPANY LANDSCAPE
TABLE 50 INTUITIVE SURGICAL, INC.: PRODUCT BENCHMARKING
TABLE 51 INTUITIVE SURGICAL, INC.: COMPANY LANDSCAPE
TABLE 52 PARROT SA: PRODUCT BENCHMARKING
TABLE 53 GECKOSYSTEMS INTL. CORP: PRODUCT BENCHMARKING
TABLE 54 GECKOSYSTEMS INTL. CORP: COMPANY LANDSCAPE
TABLE 55 BLUEFIN ROBOTICS: PRODUCT BENCHMARKING
TABLE 56 BLUEFIN ROBOTICS: COMPANY LANDSCAPE
TABLE 57 ECA GROUP: PRODUCT BENCHMARKING
TABLE 58 AETHON INC. PRODUCT BENCHMARKING
TABLE 59 AETHON INC. COMPANY LANDSCAPE
TABLE 60 DELAVAL INC.: PRODUCT BENCHMARKING
TABLE 61 DELAVAL INC.: KEY DEVELOPMENTS
TABLE 62 LELY HOLDING S.A.R.L.: PRODUCT BENCHMARKING
TABLE 63 LELY HOLDING S.A.R.L.: KEY DEVELOPMENTS
LIST OF FIGURES
FIGURE 1 GLOBAL SERVICE ROBOTICS MARKET SEGMENTATION
FIGURE 2 RESEARCH TIMELINES
FIGURE 3 DATA TRIANGULATION
FIGURE 4 MARKET RESEARCH FLOW
FIGURE 5 DATA SOURCES
FIGURE 6 PRIMARY INTERVIEWS BREAKDOWN
FIGURE 7 GLOBAL SERVICE ROBOTICS MARKET OVERVIEW
FIGURE 8 GLOBAL SERVICE ROBOTICS MARKET GEOGRAPHICAL ANALYSIS, 2017
FIGURE 9 GLOBAL SERVICE ROBOTICS MARKET, BY APPLICATION (USD MILLION)
FIGURE 10 GLOBAL SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS (USD MILLION)
FIGURE 11 GLOBAL SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS (USD MILLION)
FIGURE 12 ATTRACTIVE MARKET OPPORTUNITIES
FIGURE 13 EUROPE DOMINATED THE MARKET IN 2017
FIGURE 14 GLOBAL SERVICE ROBOTS MARKET OUTLOOK
FIGURE 15 GLOBAL INDUSTRIAL ROBOTS SALES FROM 2014 TO 2017 (IN 1,000 UNITS)
FIGURE 16 AVERAGE VC FUNDING GIVEN TO START UPS, BY CATEGORY, 2017
FIGURE 17 HISTORIC VC FUNDING IN EDUCATION AND PROGRAMMABLE ROBOTS (USD MILLION)
FIGURE 18 VALUE CHAIN ANALYSIS
FIGURE 19 PORTER’S FIVE FORCES ANALYSIS
FIGURE 20 GLOBAL SERVICE ROBOTICS MARKET, BY APPLICATION
FIGURE 21 GLOBAL SERVICE ROBOTICS MARKET, BY GEOGRAPHY, 2016 – 2025 (USD MILLION)
FIGURE 22 NORTH AMERICA MARKET SNAPSHOT
FIGURE 23 NORTH AMERICA SERVICE ROBOTICS MARKET SHARE, BY COUNTRY, 2017
FIGURE 24 EUROPE MARKET SNAPSHOT
FIGURE 25 EUROPE SERVICE ROBOTICS MARKET, BY COUNTRY, 2017
FIGURE 26 ASIA PACIFIC MARKET SNAPSHOT
FIGURE 27 ASIA PACIFIC SERVICE ROBOTICS MARKET, BY COUNTRY, 2017
FIGURE 28 GROWING INTELLIGENT SERVICE ROBOTS IN CHINA (RMB BILLION)
FIGURE 29 INDUSTRIAL ROBOT DEMAND IN SOUTH KOREA FROM 2006 TO 2016 (IN MILLION U.S. DOLLARS)
FIGURE 30 ROW MARKET SNAPSHOT
FIGURE 31 ROW SERVICE ROBOTICS MARKET, BY REGION, 2017
FIGURE 32 KEY STRATEGIC DEVELOPMENTS
FIGURE 33 HONDA MOTOR CO., LTD.: COMPANY INSIGHTS
FIGURE 34 HONDA MOTOR CO., LTD.:SEGMENT BREAKDOWN
FIGURE 35 HONDA MOTOR CO., LTD.:SWOT ANALYSIS
FIGURE 36 NORTHROP GRUMMAN CORPORATION:COMPANY INSIGHT
FIGURE 37 NORTHROP GRUMMAN CORPORATION :SEGMENT BREAKDOWN
FIGURE 38 NORTHROP GRUMMAN CORPORATION:SWOT ANALYSIS
FIGURE 39 KUKA AG : INSIGHTS
FIGURE 40 KUKA AG :SEGMENT BREAKDOWN
FIGURE 41 KUKA AG:SWOT ANALYSIS
FIGURE 42 KONGSBERG MARITIME AS : COMPANY INSIGHT
FIGURE 43 KONGSBERG MARITIME AS : SEGMENT BREAKDOWN
FIGURE 44 OMRON CORPORATION : COMPANY INSIGHT
FIGURE 45 OMRON CORPORATION : SEGMENT BREAKDOWN
FIGURE 46 IROBOT CORPORATION: COMPANY INSIGHT
FIGURE 47 DJI: COMPANY INSIGHT
FIGURE 48 INTUITIVE SURGICAL, INC.:COMPANY INSIGHTS
FIGURE 49 INTUITIVE SURGICAL, INC.: SEGMENT BREAKDOWN
FIGURE 50 PARROT SA: COMPANY INSIGHTS
FIGURE 51 PARROT SA: SEGMENT BREAKDOWN
FIGURE 52 GECKOSYSTEMS INTL. CORP : COMPANY INSIGHT
FIGURE 53 BLUEFIN ROBOTICS: COMPANY INSIGHT
FIGURE 54 ECA GROUP:COMPANY INSIGHT
FIGURE 55 ECA GROUP : SEGMENT BREAKDOWN
FIGURE 56 AETHON INC. COMPANY INSIGHT
FIGURE 57 DELAVAL INC.: COMPANY INSIGHT
FIGURE 58 LELY HOLDING S.A.R.L.: COMPANY INSIGHTS

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