Service Robotics Market By Application - Global Industry Analysis and Forecast to 2023
Published On : February 2018 Pages : 80 Category: Emerging & Next Generation Technologies Report Code : SE02588
Industry Outlook and Trend Analysis
The Service Robotics Market was worth USD 7.78 billion in the year of 2017 and is expected to reach approximately USD 27.15 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 14.90% during the forecast period. The requirement to battle rising work costs in developed countries and increasing instances of assisted living are anticipated to provide driving force to the worldwide service robotics market. Since they assist in performing tasks that would somehow be considered unsafe or troublesome, service robots are foreseen to encounter significant demand. Furthermore, regular assignments can be effortlessly taken care of with a high level of exactness by these computer-controlled gadgets. Nonetheless, service robotics is in nearness to people; in this manner, guaranteeing complete health and security is absolutely critical. An expanding number of organizations have been creating and sharpening automation methods keeping in mind the end goal to gain share of the market. Key parts of the service robotics incorporate actuators, power supply, manipulators, sensors, and microcontrollers, of which sensors are the most important. Moreover, mobile technology, increasing geriatric population and smart devices implementing robotics, venture capital investments, funds and favorable government grants and enhancement of complementary technologies among others are foreseen to affect the market demand positively.
Application outlook and Trend Analysis
The market for service robotics can be extensively classified into two application portions and incorporates personal service robotics and professional service robotics. The service robotics incorporate four principle service robotics includes four main professional service robotics applications, for example, medical, defense, field and logistic. In 2017 Service robotics utilized for guard purposes represented a significant piece of the overall industry because of their utilization in unmanned aeronautical vehicles among others. Field robots, which are utilized for purposes, for example, mining, agriculture, milling, forestry, etc. represented around 25 percent of the general proficient mechanical technology section. Medical robots have increased far reaching acknowledgment because of their help in treatment and robot-assisted surgery. Nonetheless, medical robotics systems are extremely expensive, because of which providers offer renting contracts for them. Additionally, service robotics is utilized as a part of various applications, for example, underwater, mobile platforms, construction, cleaning, rescue and inspection among others. The personal service robotics applications include two fundamental applications and incorporate entertainment and leisure robots and household robots. Personal service robotics represented a substantially smaller income share when compared to its alternatives and have altogether different advertising and evaluating channel. Personal robots are utilized for entertainment, education, lawn mowing, handicap assistance, and research, and so on.
Regional Outlook and Trend Analysis
Asia-Pacific is foreseen to remain the market pioneer, fundamentally by virtue of huge advancements in South Korea and Japan. The United States is likewise anticipated that would involve noteworthy piece of the overall industry and become speedier than the worldwide normal amid the gauge time frame. Quick increment in industrialization and improvement of manufacturing limits in the North America area is probably going to quicken the development of service robotics market. Furthermore, the rapidly developing automotive industry is foreseen to drive the market development in districts including Asia Pacific and North America. The requirement for benefit mechanical technology is anticipated to ascend in creating economies including China, India among others attributable to ascend in assembling and manufacturing bases.
Competitive Insights
The major companies participating in the market are LG Electronics, Gecko Systems International Corporation, Yujin Robot, Electrolux, FUJITSU FRONTECH LTD, Honda Motor Company, iRobot, Toyota, Fujitsu, Hanool Robotics Corp and Sony Corporation.
The global Service Robotics Market is segmented as follows-
By Application:
- Defense
- Logistics
- Personal
- Household
- Professional
- Field
- Medical
- Entertainment and Leisure
By Region
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia Pacific
- Rest of the World
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Others
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Market Classification
- Service Robotics Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
- Professional
- Defense
- Field
- Logistics
- Medical
- Personal
- Entertainment and Leisure
- Household
- Service Robotics Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
- North America
- North America Service Robotics Market, By Country
- North America Service Robotics Market, By Application
- U.S. Service Robotics Market, By Application
- Canada Service Robotics Market, By Application
- Mexico Service Robotics Market, By Application
-
- Europe
- Europe Service Robotics Market, By Country
- Europe Service Robotics Market, By Application
- Germany Service Robotics Market, By Application
- France Service Robotics Market, By Application
- UK Service Robotics Market, By Application
- Italy Service Robotics Market, By Application
- Spain Service Robotics Market, By Application
- Rest of Europe Service Robotics Market, By Application
-
- Asia-Pacific
- Asia-Pacific Service Robotics Market, By Country
- Asia-Pacific Service Robotics Market, By Application
- Japan Service Robotics Market, By Application
- Australia Service Robotics Market, By Application
- India Service Robotics Market, By Application
- South Korea Service Robotics Market, By Application
- Rest of Asia-Pacific Service Robotics Market, By Application
- Asia-Pacific
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- Rest of the World
- Rest of the World Service Robotics Market, By Country
- Rest of the World Service Robotics Market, By Application
- Brazil Service Robotics Market, By Application
- South Africa Service Robotics Market, By Application
- Saudi Arabia Service Robotics Market, By Application
- Turkey Service Robotics Market, By Application
- United Arab Emirates Service Robotics Market, By Application
- Others Service Robotics Market, By Application
- Rest of the World
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Rising Prevalence of HIV
3.2.1.2. Implementation of Favorable Government Initiatives
3.2.1.3. Introduction of Rapid And Portable Diagnostic Tests
3.2.2. Restraints
3.2.2.1. Lack Of Awareness Regarding Diagnosis
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Service Robotics Market, By Application
4.1. Introduction
4.2. Global Service Robotics Sales, Revenue and Market Share by Application (2017-2017)
4.2.1. Global Service Robotics Sales and Sales Share by Application (2017-2017)
4.2.2. Global Service Robotics Revenue and Revenue Share by Application (2017-2017)
4.3. Service Robotics Market Assessment and Forecast, By Application, 2017-2023
4.4. Professional
4.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.5. Defense
4.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.6. Field
4.6.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.7. Logistics
4.7.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.8. Medical
4.8.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.9. Personal
4.9.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.10. Entertainment and Leisure
4.10.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.11. Household
4.11.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5. Service Robotics Market, By Region
5.1. Introduction
5.2. Service Robotics Market, Assessment and Forecast, By Region, 2017-2023 ($Million)
5.3. Global Service Robotics Sales, Revenue and Market Share by Regions
5.3.1. Global Service Robotics Sales by Regions (2017-2017)
5.3.2. Global Service Robotics Revenue by Regions (2017-2017)
5.4. North America
5.4.1. North America Service Robotics Sales and Growth Rate (2017-2017)
5.4.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
5.4.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.4.4. U.S.
5.4.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.4.5. Canada
5.4.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.4.6. Mexico
5.4.6.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5. Europe
5.5.1. Europe Service Robotics Sales and Growth Rate (2017-2017)
5.5.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
5.5.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.4. Germany
5.5.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.5. France
5.5.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.6. UK
5.5.6.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.7. Italy
5.5.7.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.8. Spain
5.5.8.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.5.9. Rest of Europe
5.5.9.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6. Asia-Pacific
5.6.1. Asia-Pacific Service Robotics Sales and Growth Rate (2017-2017)
5.6.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
5.6.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.4. Japan
5.6.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.5. China
5.6.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.6. Australia
5.6.6.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.7. India
5.6.7.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.8. South Korea
5.6.8.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.6.9. Rest of Asia-Pacific
5.6.9.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.7. Rest of the World
5.7.1. Rest of the World Service Robotics Sales and Growth Rate (2017-2017)
5.7.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
5.7.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.7.4. Brazil
5.7.4.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.7.5. Turkey
5.7.5.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.7.6. Saudi Arabia
5.7.6.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.7.7. South Africa
5.7.7.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.7.8. United Arab Emirates
5.7.8.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
5.7.9. Others
5.7.9.1. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
6. Company Profiles
6.1. AB Electrolux
6.1.1. Business Overview
6.1.2. Product Portfolio
6.1.3. Strategic Developments
6.1.4. Service Robotics Sales, Revenue and Market Share
6.2. Fujitsu Frontech Limited
6.2.1. Business Overview
6.2.2. Product Portfolio
6.2.3. Strategic Developments
6.2.4. Service Robotics Sales, Revenue and Market Share
6.3. GeckoSystems
6.3.1. Business Overview
6.3.2. Product Portfolio
6.3.3. Strategic Developments
6.3.4. Service Robotics Sales, Revenue and Market Share
6.4. Hanool Robotics Corp
6.4.1. Business Overview
6.4.2. Product Portfolio
6.4.3. Strategic Developments
6.4.4. Service Robotics Sales, Revenue and Market Share
6.5. Honda Motors Co. Ltd.
6.5.1. Business Overview
6.5.2. Product Portfolio
6.5.3. Strategic Developments
6.5.4. Service Robotics Sales, Revenue and Market Share
6.6. iRobot Corporation
6.6.1. Business Overview
6.6.2. Product Portfolio
6.6.3. Strategic Developments
6.6.4. Service Robotics Sales, Revenue and Market Share
6.7. LG Electronics Inc
6.7.1. Business Overview
6.7.2. Product Portfolio
6.7.3. Strategic Developments
6.7.4. Service Robotics Sales, Revenue and Market Share
6.8. Samsung Electronics
6.8.1. Business Overview
6.8.2. Product Portfolio
6.8.3. Strategic Developments
6.8.4. Service Robotics Sales, Revenue and Market Share
6.9. Sony Corp
6.9.1. Business Overview
6.9.2. Product Portfolio
6.9.3. Strategic Developments
6.9.4. Service Robotics Sales, Revenue and Market Share
6.10. Toyota Motor Corporation
6.10.1. Business Overview
6.10.2. Product Portfolio
6.10.3. Strategic Developments
6.10.4. Service Robotics Sales, Revenue and Market Share
6.11. Yujin Robot
6.11.1. Business Overview
6.11.2. Product Portfolio
6.11.3. Strategic Developments
6.11.4. Service Robotics Sales, Revenue and Market Share
7. Global Service Robotics Market Competition, by Manufacturer
7.1. Global Service Robotics Sales and Market Share by Manufacturer (2017-2017)
7.2. Global Service Robotics Revenue and Market Share by Manufacturer (2017-2017)
7.3. Top 5 Service Robotics Manufacturer Market Share
7.4. Market Competition Trend
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Service Robotics Market.
Research Methodology
We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
Data Collection Matrix
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Data Collection Matrix |
Supply Side |
Demand Side |
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Primary Data Sources |
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Secondary Data Sources |
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Market Modeling and Forecasting
We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.
- Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
- Number of patients for particular device or medical procedure and
- Repeated use of particular device depending on health and condition of patient
- Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.
We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.
Data Validation
We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.
Data Triangulation
Industry Analysis
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Qualitative Data |
Quantitative Data (2017-2025) |
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