GLOBAL SERVICE ROBOTICS FORECAST 2018-2026

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GLOBAL SERVICE ROBOTICS FORECAST 2018-2026

Global service robotics market is anticipated to grow at a 15.80% CAGR during the forecast period of 2018-2026. The base year considered for the study is 2017 and the forecast period is between 2028 and 2026. Some of the factors that are driving the market are: Increased demand for Service Robotics from various end-user. Ageing population across the world. Continuous research & development in the field of robotics

GLOBAL SERVICE ROBOTICS MARKET FORECAST 2018-2026

Global Service Robotics Market by Application Type(Professional Service Robotics, Personal Service Robotics) by End User(Professional Service Robotics(Defense, Rescue & Security Applications, Field Robotics, Construction & Demolition, Medical Systems, Underwater Systems, Logistics, Inspection & Maintenance), Personal Service Robotics(Entertainment Robots, Domestic Robots, Handicap Assistance Robots, Home Security & Surveillance)) & by Geography

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Global service robotics market is anticipated to grow at a 15.80% CAGR during the forecast period of 2018-2026. The base year considered for the study is 2017 and the forecast period is between 2028 and 2026. Some of the factors that are driving the market are:

  • Increased demand for Service Robotics from various end-user
  • Ageing population across the world.
  • Continuous research & development in the field of robotics
  • Increasing government support.
  • Rise in the need for automation. 

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Until a few years ago, robots were used only for jobs on the factory floors. However, now, there is a growing demand of robots for household activities and in other areas of healthcare, space exploration, mining, etc. However, this pragmatic shift from industrial robots to service robots has resulted in the growth of the service robotics market globally. Moreover, numerous countries are making significant investments in developing the service robotics market. Rapidly ageing population across the globe has also resulted in the increased demand for service robots.

Applications of Service robotics in the defence, rescue & security industry accounted for the largest market share of XX% in the year 2017. Service robots can be utilized for various applications in defence such as demining, border control, surveillance, army intelligence, unmanned vehicles (both ground-based and aerial), and others. The main factor that is contributing to the increased demand for defence service robotics is the increased threat of terror attacks and the consequent rising need for security. Over the past few years, many countries have changed their defence policies and are significantly increasing their defence budgets. Most of the companies are looking to provide technology that will safeguard the military personnel, which in turn, is also propelling the demand for defence, rescue and security robots.

However, the high costs associated with the service robots are slowing down its rate of adoption. With the development of robotics applications that are expected to interact closely with humans, the safety of humans from robots is a major concern. Interaction with the real world and service robot’s ability to understand the unstructured environment are the two biggest challenges that the manufacturers of robots are presently facing.

Global service robotics market has been segmented on the basis of service robot type and its applications. Their further sub-segmentation is done as follows:

Market by Type:

  • Professional Service Robotics
  • Personal Service Robotics

Market By Applications:

  • Professional Applications
    • Defense, rescue & security
    • Field robotics
    • Construction & demolition
    • Medical systems
    • Underwater systems
    • Logistics
    • Inspection & maintenance
  • Personal Applications
    • Entertainment robots
    • Domestic robots
    • Handicap assistance robots
    • Home security & surveillance

The report offers an in-depth analysis of the markets for all the major types of service robots like personal and professional service robots and their respective sub-segments of end-user applications. The analysis focuses on all the current application areas for service robots. The report tracks industry trends, analyzes various drivers and challenges, and also draws a competitive landscape in which it tracks the key players and the major market developments.

On the basis of geography, the global service robotics market has been segmented into four major regions:

North America holds the largest market share of the global service robotics market. In the year 2017, it accounted for XX% of the market share. Thus, it is safe to say that North America clearly dominates this market. The main driver for service robotics in North America is the increased demand from the defence sector. Most of the funding is provided by the Department of Defense for research in military applications and NASA for space robots. The rapid increase in the ageing population has also created a demand for service robotics. On the other hand, it is Asia-Pacific which is anticipated to be the fastest-growing regional market. The presence of the 3 big markets, namely, Japan, China & South Korea, and the rising sales of service robots in India are driving the market growth in this region. Also, major companies such as Sony Corporation, Honda Motor Co. ltd., Fujitsu Ltd, and Toyota are contributing to the market in this region.

Global service robotics market is segmented on the basis of its type into Professional service robotics and Personal service robotics. Though Professional service robotics is currently leading the market, personal service robotics is anticipated to be the best performing type in the coming years. These two types are further sub-segmented into end-user applications, such as defence, underwater and medical systems, entertainment robots, personal assistance robots, home security and surveillance robotic systems and others. Defence, rescue & security robotics was the key end-user application that dominated the professional applications earlier. The Entertainment robots were the main end-user category in personal applications. Primarily Toy robots and educational robots boosted the demand for entertainment robots.

The key companies operating in the global service robotics market are:

  • Gecko Systems International Corporation
  • Sony Corporation
  • Cyberdyne, Inc.
  • Aerovironment, Inc.
  • iRobot Corporation
  • And Other Companies

Company profiles of the notable market players are discussed in detail. Most of the companies look for strategies such as merger & acquisition, partnership, contracts, agreements, and new product launch in order to gain a competitive edge over other companies. For Instance, In March 2018, AeroVironmentInc, a global leader in unmanned aircraft systems (UAS) for both defense and commercial applications, announced that a major country in the Middle East has awarded the company a contract valued $44.5 million (USD) for Puma™ II AE small UAS, featuring the new Mantis i45 sensor. In February 2018, CYBERDYNE, INC. announced to commence the selling of the next generation Cleaning Robot (“CL02”) in Japan from March 2018. CL02 utilizes cutting-edge Cybernic Technology* in order to realize extensive autonomous navigation and cleaning capability. In May 2017, iRobot Corp, a leader in consumer home robots, extended the benefits of cloud-connected cleaning with the launch of the Roomba® 890 and Roomba 690 Wi-Fi connected vacuuming robots.

Key findings of the global service robotics market:

  • North America accounts for the largest market share of the overall service robotics market.
  • The market for the Personal service robotics is expected to show the fastest growth when compared to professional service robotics market.
  • Defense, Rescue & Security and Field Robotics, are the two end-user applications that are dominating the professional service robotics.
  • Entertainment and educational robots commanding the personal service robotics.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NORTH AMERICA HOLDS THE LARGEST REVENUE SHARE
      • DEFENCE, RESCUE & SECURITY AND FIELD ROBOTICS- KEY APPLICATIONS IN PROFESSIONAL SERVICE ROBOTICS
      • ENTERTAINMENT ROBOTS IS AUGMENTING THE DEMAND FOR PERSONAL SERVICE ROBOTICS
      • GROWING DEMAND FOR PATIENT ASSISTANCE AND MONITORING SYSTEMS
  1. MARKET DYNAMICS
    • MARKET DEFINITION
    • MARKET DRIVERS
      • RISING DEMAND FOR ROBOTS IN NUMEROUS INDUSTRIES
      • AGEING POPULATION ACROSS THE GLOBE
      • CONTINUAL RESEARCH & DEVELOPMENT IN THE FIELD OF ROBOTICS
    • MARKET RESTRAINTS
      • HIGH COSTS ASSOCIATED WITH SERVICE ROBOTICS
      • SAFETY ISSUES
    • MARKET OPPORTUNITIES
      • EMERGENCE OF NETWORKED ROBOTIC SYSTEMS
      • UNTAPPED EMERGING MARKETS
    • MARKET CHALLENGES
      • TECHNOLOGICAL BOUNDARIES
      • ABSENCE OF PRODUCT DIFFERENTIATION
  1. COMPONENTS OF SERVICE ROBOTIC SYSTEM
    • MICROCONTROLLERS
    • SOFTWARE
    • SENSORS
    • ACTUATORS
    • MANIPULATORS
    • POWER SUPPLY AND BACKUP
    • MOBILE PLATFORMS
  2. MARKET BY TYPE
    • PROFESSIONAL SERVICE ROBOTICS
    • PERSONAL SERVICE ROBOTICS
  3. MARKET BY APPLICATION
    • PROFESSIONAL APPLICATIONS
      • DEFENCE, RESCUE & SECURITY
        • DEMINING ROBOTS
        • FIRE AND BOMB FIGHTING ROBOTS
        • UNMANNED AERIAL AND GROUND-BASED VEHICLES
      • FIELD ROBOTICS
        • AGRICULTURE AND FORESTRY
        • HARVESTING ROBOTS
        • SHEEP SHEARING ROBOTS
        • WEEDING AND MICRO SPRAYING ROBOT
        • MILKING ROBOTS
        • MINING ROBOTS
        • SPACE ROBOTS
      • CONSTRUCTION & DEMOLITION
        • DEMOLITION & DISMANTLING
        • CONSTRUCTION SUPPORT AND MAINTENANCE
      • MEDICAL SYSTEMS
        • MINIMALLY INVASIVE SURGERY (MIS)
        • PATIENT MONITORING & REHABILITATION
      • UNDERWATER SYSTEMS
      • LOGISTICS
      • INSPECTION & MAINTENANCE
        • FACILITIES AND PLANTS
        • TANK, TUBES, PIPES, & SEWERS
    • PERSONAL APPLICATIONS
      • ENTERTAINMENT ROBOTS
      • DOMESTIC ROBOTS
        • VACUUM CLEANING & MOPPING ROBOTS
        • LAWN MOWING & POOL CLEANING ROBOTS
      • HANDICAP ASSISTANCE ROBOTS
      • HOME SECURITY & SURVEILLANCE
  1. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCT
      • THREAT OF COMPETITIVE RIVALRY
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
    • KEY BUYING CRITERIA
      • INCREASED LABOR SAFETY CONCERNS
      • RISING DEMAND FOR SERVICE ROBOTS IN VARIOUS SECTORS
      • HIGH INITIAL COST
      • INCREASED NEED FOR AUTOMATION
      • INCREASED LABOR & ENERGY COSTS
    • VALUE CHAIN ANALYSIS
      • RESEARCH & DEVELOPMENT
      • SUPPLIERS
      • MANUFACTURING
      • DISTRIBUTION & MARKETING
      • RECYCLE
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF THE WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA
  1. COMPANY PROFILES
    • AB ELECTROLUX
    • AEROVIRONMENT
    • AMS AG
    • ARGO ROBOTICS
    • BEE ROBOTICS LTD
    • BERCHTOLD GMHB & CO. KG (SUBSIDIARY OF STRYKER CORPORATION)
    • BLUEFIN ROBOTICS CORP
    • BLUE RIVER TECHNOLOGY
    • CYBERDYNE, INC.
    • DAIFUKU CO. LTD
    • ECA GROUP
    • ED CO., LTD.
    • FUJITSU LTD
    • GECKOSYSTEMS INTERNATIONAL CORPORATION
    • HANSEN MEDICAL
    • HONDA MOTOR CO. LTD
    • IROBOT CORPORATION
    • LELY
    • MACDONALD DETTWILER AND ASSOCIATES LTD.
    • MEDSYS SA
    • NORTHROP GRUMMAN CORPORATION
    • QIAGEN
    • SONY CORPORATION
    • REWALK ROBOTICS
    • THINK SURGICAL, INC

LIST OF TABLES

TABLE 1: GLOBAL SERVICE ROBOTICS MARKET, BY GEOGRAPHY, 2018-2026 (IN $ MILLION)

TABLE 2: REVENUE GENERATED BY DIFFERENT FIELD ROBOTICS APPLICATIONS IN 2015 (IN $ BILLION)

TABLE 3: POPULATION AGED 60 YEARS OR ABOVE ACROSS KEY REGIONS, 2000-2050, (IN MILLIONS)

TABLE 4: GLOBAL SERVICE ROBOTICS MARKET, BY TYPE, 2018-2026 (IN $ MILLION)

TABLE 5: GLOBAL PROFESSIONAL SERVICE ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 6: GLOBAL PERSONAL SERVICE ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 7: GLOBAL SERVICE ROBOTICS MARKET, BY PROFESSIONAL APPLICATIONS, 2018-2026, (IN $ MILLION)

TABLE 8: GLOBAL DEFENSE, RESCUE & SECURITY ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 9: GLOBAL FIELD ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 10: GLOBAL CONSTRUCTION & DEMOLITION ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 11: GLOBAL MEDICAL SYSTEMS ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 12: GLOBAL UNDERWATER SYSTEMS ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 13: GLOBAL LOGISTICS ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 14: GLOBAL INSPECTION & MAINTENANCE ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 15: GLOBAL SERVICE ROBOTICS MARKET, BY PERSONAL APPLICATIONS, 2018-2026, (IN $ MILLION)

TABLE 16: GLOBAL ENTERTAINMENT ROBOTS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 17: GLOBAL DOMESTIC ROBOTS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 18: GLOBAL HANDICAP ASSISTANCE ROBOTS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 19: GLOBAL HOME SECURITY & SURVEILLANCE ROBOTICS MARKET, BY REGION, 2018-2026, (IN $ MILLION)

TABLE 20: VENDOR LANDSCAPE FOR SERVICE ROBOTICS MARKET

TABLE 21: OPPORTUNITY MATRIX FOR SERVICE ROBOTICS MARKET

TABLE 22: GLOBAL SERVICE ROBOTICS MARKET, BY GEOGRAPHY, 2018-2026, (IN $ MILLION)

TABLE 23: NORTH AMERICA SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

TABLE 24: EUROPE SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

TABLE 25: ASIA PACIFIC SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

TABLE 26: REST OF THE WORLD SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

 

LIST OF FIGURES

FIGURE 1: GLOBAL SERVICE ROBOTICS MARKET, BY TYPE, 2017 & 2026 (IN %)

FIGURE 2: NORTH AMERICA SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 3: REVENUE GENERATED BY ENTERTAINMENT ROBOTS, 2017 & 2026 (IN $ MILLION)

FIGURE 4: GLOBAL PROFESSIONAL SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 5: GLOBAL PERSONAL SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 6: GLOBAL DEFENSE, RESCUE & SECURITY APPLICATIONS ROBOTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 7: GLOBAL FIELD ROBOTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 8: GLOBAL CONSTRUCTION & DEMOLITION ROBOTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 9: GLOBAL MEDICAL SYSTEMS ROBOTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 10: GLOBAL UNDERWATER SYSTEMS ROBOTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 11: GLOBAL LOGISTICS ROBOTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 12: GLOBAL INSPECTION & MAINTENANCE ROBOTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 13: GLOBAL ENTERTAINMENT ROBOTS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 14: GLOBAL DOMESTIC ROBOTS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 15: GLOBAL HANDICAP ASSISTANCE ROBOTS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 16: GLOBAL HOME SECURITY & SURVEILLANCE ROBOTICS MARKET, 2018-2026 (IN $ MILLION)

FIGURE 17: PORTER’S FIVE FORCE ANALYSIS

FIGURE 18: VALUE CHAIN ANALYSIS

FIGURE 19: KEY BUYING IMPACT ANALYSIS

FIGURE 20: GLOBAL SERVICE ROBOTICS MARKET, REGIONAL OUTLOOK, 2017 & 2026 (IN %)

FIGURE 21: UNITED STATES SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 22: CANADA SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 23: UNITED KINGDOM SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 24: FRANCE SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 25: GERMANY SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 26: REST OF EUROPE SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 27: CHINA SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 28: INDIA SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 29: JAPAN SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 30: SOUTH KOREA SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 31: REST OF ASIA PACIFIC SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 32: LATIN AMERICA SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

FIGURE 33: MIDDLE EAST & AFRICA SERVICE ROBOTICS MARKET, 2018-2026 (IN $ MILLIONS)

  1. MARKET BY TYPE
    • PROFESSIONAL SERVICE ROBOTICS
    • PERSONAL SERVICE ROBOTICS
  2. MARKET BY APPLICATION
    • PROFESSIONAL APPLICATIONS
      • DEFENCE, RESCUE & SECURITY
        • DEMINING ROBOTS
        • FIRE AND BOMB FIGHTING ROBOTS
        • UNMANNED AERIAL AND GROUND-BASED VEHICLES
      • FIELD ROBOTICS
        • AGRICULTURE AND FORESTRY
        • HARVESTING ROBOTS
        • SHEEP SHEARING ROBOTS
        • WEEDING AND MICRO SPRAYING ROBOT
        • MILKING ROBOTS
        • MINING ROBOTS
        • SPACE ROBOTS
      • CONSTRUCTION & DEMOLITION
        • DEMOLITION & DISMANTLING
        • CONSTRUCTION SUPPORT AND MAINTENANCE
      • MEDICAL SYSTEMS
        • MINIMALLY INVASIVE SURGERY (MIS)
        • PATIENT MONITORING & REHABILITATION
      • UNDERWATER SYSTEMS
      • LOGISTICS
      • INSPECTION & MAINTENANCE
        • FACILITIES AND PLANTS
        • TANK, TUBES, PIPES, & SEWERS
    • PERSONAL APPLICATIONS
      • ENTERTAINMENT ROBOTS
      • DOMESTIC ROBOTS
        • VACUUM CLEANING & MOPPING ROBOTS
        • LAWN MOWING & POOL CLEANING ROBOTS
      • HANDICAP ASSISTANCE ROBOTS
      • HOME SECURITY & SURVEILLANCE
  1. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • FRANCE
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF THE WORLD
      • LATIN AMERICA
      • MIDDLE EAST AND AFRICA

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