+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Service Robotics - Global Market Trajectory & Analytics

  • ID: 1382372
  • Report
  • July 2020
  • Region: Global
  • 251 Pages
  • Global Industry Analysts, Inc
1 of 2
Growing Clout of Tertiary Sector Throws Spotlight on Service Robots
Global Service Robotics Market to Reach US$50.9 Billion by the Year 2027

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.
Note: Product cover images may vary from those shown
2 of 2

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

Note: Product cover images may vary from those shown
Adroll
adroll