Service Robotics Market Is Expected To Garner $34.7 Billion By 2022 | CAGR 23.9% Global Opportunity Analysis & Industry Forecast, 2014 2022
Service Robotics Market Overview: • Global service robotics market is expected to garner $34.7 billion by 2022, registering a CAGR of 23.9% during the forecast period 2015 - 2022. Service robots are the robots designed to assist humans and perform useful tasks, excluding industrial and manufacturing automation applications. They operate semi- or fully automatically and are capable of performing tedious & dangerous tasks, and providing enhanced efficiency and increased safety.
• Download Sample Report: • Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors. Professional service robots are employed in various industries including healthcare, defense and security, agriculture, forestry, logistics, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment purpose. Service robotics has witnessed an upsurge in its adoption owing to high labor cost, lack of skilled workforce, increased investments in R&D, growing awareness regarding the benefits of service robots, and increased demand for automation among professional and personal sectors. However, high initial investment and concern for human safety limit the growth of the market. Moreover, increasing adoption of smartphones, growing application areas, and growth in emerging economies are likely to provide numerous growth opportunities in the market. Jens Martensson
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Key Benefits • This study provides an in-depth analysis of the global service robotics market along with current trends and future estimations to elucidate the imminent investment pockets for stakeholders.
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• This report presents information regarding key drivers, restraints, and opportunities along with their impact analysis. • Porter’s Five Forces and SWOT analyses of key market players in the industry highlight the growth strategies adopted by these players. • The value chain analysis of the industry signifies the key intermediaries involved and elaborates their roles and value additions at every stage. • The quantitative analysis of the market in terms of revenue and volume generated by service robots worldwide has been provided from 2014 to 2022 to elaborate the market potential.
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Service Robotics Market Segmentation The service robotics market is segmented based on type, application, and geography.
Market by Type
Market by Geography
• Professional Service Robots
• North America
• Personal Service Robots
• Europe • Asia-Pacific • LAMEA
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Market By Application Professional Applications • Healthcare • Surgical Robots • Rehabilitation Robots • Hospital and Pharmacy Robots • Others (Diagnostic Robots, Emergency Response Robotic Systems, Prosthetics/Exoskeletons) • Defense, Rescue, and Security • Unmanned Aerial Vehicles (UAV) • Unmanned Ground Vehicles (UGV) • Firefighting and Disaster Management Robots • Others (Professional Surveillance/Security Robots, Demining Robots) • Logistics • Factory Logistics Robots • Outdoor Logistics Robots • Others (Cargo Handling Robots, Mail Sorting Robots)
• Construction • Excavator Robots • Bulldozer Robots • Demolition Robots • Others (Welding Robots, Material Handling Robots) • Field • Agriculture Robots • Forestry Robots • Milking Robots • Others (Mining Systems, Space Robots) • Others • Professional Cleaning Robots • Inspection and Maintenance Systems • Others (Underwater Systems, Jens Hotel and Martensson
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Personal Service Robotics Domestic
Entertainment and Leisure
• Cleaning Robots
• Toy Robots
• Assistive Robots
• Education & Research Robots
• Others (Lawn-Mowing Robots, Home Security & Surveillance Robots)
• Others (Robotic Companion Pets and Multimedia Robots)
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