Amid the COVID-19 crisis, the global market for Service Robotics estimated at US$14.1 Billion in the year 2020, is projected to reach a revised size of US$50.9 Billion by 2027, growing at a CAGR of 20.2% over the period 2020-2027.Professional, one of the segments analyzed in the report, is projected to grow at a 21% CAGR to reach US$37.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Personal segment is readjusted to a revised 18% CAGR for the next 7-year period. This segment currently accounts for a 29.3% share of the global Service Robotics market.
The U. S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 25.5% CAGR for the Period of 2020-2027
The Service Robotics market in the U. S. is estimated at US$3.8 Billion in the year 2020. The country currently accounts for a 26.93% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$12.1 Billion in the year 2027 trailing a CAGR of 25.5% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.7% and 18.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17.3% CAGR while Rest of European market (as defined in the study) will reach US$12.1 Billion by the year 2027.The publisher brings years of research experience to this 17th edition of our report. The 251-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Aethon Inc.
- Hanool Robotics Corp.
- Honda Motors Co. Ltd.
- Husqvarna AB
- Iberobotics S. L.
- Intuitive Surgical Inc.
- iRobot Corporation
- KUKA Aktiengesellschaft
- LG Electronics
- RedZone Robotics
- RoboBuilder Co. Ltd.
- ROBOSOFT
- Samsung Electronics Co., Ltd.
- SeaRobotics Corporation
- Toyota Motor Corporation
- WowWee Group Limited
- Yujin Robot Co. Ltd.
- Zucchetti Group
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Robots: The Marvels of Modern Engineering
Cost-Benefit Ratio
Recent Market Activity
Service Robotics: The New Emerging Frontier
Outlook
Developing Countries to Spur Future Market Growth
Professional Service Robots Leads the Service Robotics Market
Competitive Landscape
Funding in Robotics Companies Continues to Grow
Innovative Companies in Service Robotics Market
Challenges Confronting Service Robotics Market
Global Competitor Market Shares
Service Robotics Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Aethon, Inc. (USA)
Gecko International Corporation (USA)
Hanool Robotics Corp. (Korea)
Honda Motors Co., Ltd. (Japan)
Husqvarna AB (Sweden)
Iberobotics S.L. (Spain)
Intuitive Surgical, Inc. (USA)
iRobot Corporation (USA)
KUKA Aktiengesellschaft (Germany)
LG Electronics, Inc. (South Korea)
RedZone Robotics (USA)
RoboBuilder Co., Ltd. (South Korea)
ROBOSOFT (France)
SeaRobotics Corporation (USA)
SeaRobotics Corporation (USA)
Toyota Motor Corporation (Japan)
Yujin Robot Co., Ltd. (South Korea)
WowWee Group Limited (Hong Kong)
Zucchetti Group (Italy)
3. MARKET TRENDS & DRIVERS
Professional Service Robots - Largest Revenue Contributor for Service Robotics Market
Defense Applications: A Key Volume Contributor for Professional Service Robots
Medical Applications: A Promising Market for Professional Service Robotics Market
Field Applications Drive Growth in Professional Service Robotics Market
Robot Usage in Logistics Sector Gains Momentum
Service Robots Take the Role of Assistants at Airports
Humanoid Robots for Personalized & Interactive Experience in Banks
Robotics in Hospitality Industry - Promising Future Ahead
Shortage of Labor for Dangerous Jobs to Drive Demand for the Bionic Man
Personal Robots Lead Charge in Service Robotics Market by Volume
Expanding Application Possibilities Broadens the Market
Aging Population Lends Traction to Eldercare-Assistive Robots
Handicap Assistance Robots - A Key Opportunity
Robot Companions - A Major Draw
Despite Uncertainty over Acceptance, Companies Look to Launch Social Robots
Sales of Mobile Robots on the Rise
Robotic Vacuum Cleaners Market for Home Use: Promising Growth Opportunities
Personal Robots Market Moves towards Open Software Platform
Growing Value Proposition Augurs Well for the Future of Service Robotics Market
Technology Innovation Spurs Growth
Customizable & Networked Robots: Emerging Revenue Spinners
Artificial Intelligence Set to Transform Service Robotics Market
Collaborative Robots to Drive Growth in the Non-Industrial Robots Market
Robotics-As-A-Service (RaaS): The New Business Model
Open Source Software System Gains Prominence
Support Infrastructure: A Non-Technical Challenge for Service Robotics
Service Robotics Need Acceptance in Society
Growing Clout of Tertiary Sector Throws Spotlight on Service Robots
Technical Issues & Failure to Meet Performance Expectations Plague Recent Robot Launches
Expectations Plague Recent Robot Launches
Dismal Performance of Robots in Restaurants
Faulty Operations Fails Robot
Twitter Bot Turns Racist
Robot Escaping from Lab
Facial Recognition Software Rejects Online Application
Safety: A Key Issue
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Service Robotics Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Service Robotics Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Service Robotics Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Professional (Category) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Professional (Category) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Professional (Category) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Personal (Category) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Personal (Category) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Personal (Category) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Service Robotics Market Share (in %) by Company: 2020 & 2025
Market Analytics
TABLE 10: United States Service Robotics Market Estimates and Projections in US$ Million by Category: 2020 to 2027
TABLE 11: Service Robotics Market in the United States by Category: A Historic Review in US$ Million for 2012-2019
TABLE 12: United States Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
CANADA
TABLE 13: Canadian Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
TABLE 14: Canadian Service Robotics Historic Market Review by Category in US$ Million: 2012-2019
TABLE 15: Service Robotics Market in Canada: Percentage Share Breakdown of Sales by Category for 2012, 2020, and 2027
JAPAN
TABLE 16: Japanese Market for Service Robotics: Annual Sales Estimates and Projections in US$ Million by Category for the Period 2020-2027
TABLE 17: Service Robotics Market in Japan: Historic Sales Analysis in US$ Million by Category for the Period 2012-2019
TABLE 18: Japanese Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
CHINA
TABLE 19: Chinese Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2020-2027
TABLE 20: Service Robotics Historic Market Analysis in China in US$ Million by Category: 2012-2019
TABLE 21: Chinese Service Robotics Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Service Robotics Market: Competitor Market Share Scenario (in %) for 2020 & 2025
Market Analytics
TABLE 22: European Service Robotics Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 23: Service Robotics Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 24: European Service Robotics Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 25: European Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020-2027
TABLE 26: Service Robotics Market in Europe in US$ Million by Category: A Historic Review for the Period 2012-2019
TABLE 27: European Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
FRANCE
TABLE 28: Service Robotics Market in France by Category: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 29: French Service Robotics Historic Market Scenario in US$ Million by Category: 2012-2019
TABLE 30: French Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
GERMANY
TABLE 31: Service Robotics Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 32: German Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 33: German Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
ITALY
TABLE 34: Italian Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2020-2027
TABLE 35: Service Robotics Historic Market Analysis in Italy in US$ Million by Category: 2012-2019
TABLE 36: Italian Service Robotics Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
TABLE 37: United Kingdom Market for Service Robotics: Annual Sales Estimates and Projections in US$ Million by Category for the Period 2020-2027
TABLE 38: Service Robotics Market in the United Kingdom: Historic Sales Analysis in US$ Million by Category for the Period 2012-2019
TABLE 39: United Kingdom Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
SPAIN
TABLE 40: Spanish Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
TABLE 41: Spanish Service Robotics Historic Market Review by Category in US$ Million: 2012-2019
TABLE 42: Service Robotics Market in Spain: Percentage Share Breakdown of Sales by Category for 2012, 2020, and 2027
RUSSIA
TABLE 43: Russian Service Robotics Market Estimates and Projections in US$ Million by Category: 2020 to 2027
TABLE 44: Service Robotics Market in Russia by Category: A Historic Review in US$ Million for 2012-2019
TABLE 45: Russian Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 46: Rest of Europe Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020-2027
TABLE 47: Service Robotics Market in Rest of Europe in US$ Million by Category: A Historic Review for the Period 2012-2019
TABLE 48: Rest of Europe Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 49: Asia-Pacific Service Robotics Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 50: Service Robotics Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 51: Asia-Pacific Service Robotics Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 52: Service Robotics Market in Asia-Pacific by Category: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 53: Asia-Pacific Service Robotics Historic Market Scenario in US$ Million by Category: 2012-2019
TABLE 54: Asia-Pacific Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
AUSTRALIA
TABLE 55: Service Robotics Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 56: Australian Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 57: Australian Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
INDIA
TABLE 58: Indian Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
TABLE 59: Indian Service Robotics Historic Market Review by Category in US$ Million: 2012-2019
TABLE 60: Service Robotics Market in India: Percentage Share Breakdown of Sales by Category for 2012, 2020, and 2027
SOUTH KOREA
TABLE 61: Service Robotics Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 62: South Korean Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 63: Service Robotics Market Share Distribution in South Korea by Category: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
TABLE 64: Rest of Asia-Pacific Market for Service Robotics: Annual Sales Estimates and Projections in US$ Million by Category for the Period 2020-2027
TABLE 65: Service Robotics Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Category for the Period 2012-2019
TABLE 66: Rest of Asia-Pacific Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
LATIN AMERICA
TABLE 67: Latin American Service Robotics Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 68: Service Robotics Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 69: Latin American Service Robotics Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 70: Latin American Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2020-2027
TABLE 71: Service Robotics Historic Market Analysis in Latin America in US$ Million by Category: 2012-2019
TABLE 72: Latin American Service Robotics Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
ARGENTINA
TABLE 73: Argentinean Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020-2027
TABLE 74: Service Robotics Market in Argentina in US$ Million by Category: A Historic Review for the Period 2012-2019
TABLE 75: Argentinean Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
BRAZIL
TABLE 76: Service Robotics Market in Brazil by Category: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 77: Brazilian Service Robotics Historic Market Scenario in US$ Million by Category: 2012-2019
TABLE 78: Brazilian Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
MEXICO
TABLE 79: Service Robotics Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 80: Mexican Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 81: Mexican Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
TABLE 82: Rest of Latin America Service Robotics Market Estimates and Projections in US$ Million by Category: 2020 to 2027
TABLE 83: Service Robotics Market in Rest of Latin America by Category: A Historic Review in US$ Million for 2012-2019
TABLE 84: Rest of Latin America Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
MIDDLE EAST
TABLE 85: The Middle East Service Robotics Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 86: Service Robotics Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 87: The Middle East Service Robotics Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 88: The Middle East Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
TABLE 89: The Middle East Service Robotics Historic Market by Category in US$ Million: 2012-2019
TABLE 90: Service Robotics Market in the Middle East: Percentage Share Breakdown of Sales by Category for 2012,2020, and 2027
IRAN
TABLE 91: Iranian Market for Service Robotics: Annual Sales Estimates and Projections in US$ Million by Category for the Period 2020-2027
TABLE 92: Service Robotics Market in Iran: Historic Sales Analysis in US$ Million by Category for the Period 2012-2019
TABLE 93: Iranian Service Robotics Market Share Analysis by Category:2012 VS 2020 VS 2027
ISRAEL
TABLE 94: Israeli Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020-2027
TABLE 95: Service Robotics Market in Israel in US$ Million by Category: A Historic Review for the Period 2012-2019
TABLE 96: Israeli Service Robotics Market Share Breakdown by Category:2012 VS 2020 VS 2027
SAUDI ARABIA
TABLE 97: Saudi Arabian Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2020-2027
TABLE 98: Service Robotics Historic Market Analysis in Saudi Arabia in US$ Million by Category: 2012-2019
TABLE 99: Saudi Arabian Service Robotics Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED ARAB EMIRATES
TABLE 100: Service Robotics Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 101: United Arab Emirates Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 102: Service Robotics Market Share Distribution in United Arab Emirates by Category: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
TABLE 103: Service Robotics Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2020-2027
TABLE 104: Rest of Middle East Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
TABLE 105: Rest of Middle East Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
AFRICA
TABLE 106: African Service Robotics Market Estimates and Projections in US$ Million by Category: 2020 to 2027
TABLE 107: Service Robotics Market in Africa by Category: A Historic Review in US$ Million for 2012-2019
TABLE 108: African Service Robotics Market Share Breakdown by Category:2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 113
