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Service Robotics - Market Analysis, Trends, and Forecasts

  • ID: 1382372
  • Report
  • February 2020
  • Region: Global
  • 158 Pages
  • Global Industry Analysts, Inc
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Growing Clout of Tertiary Sector Throws Spotlight on Service Robots
Service Robotics market worldwide is projected to grow by US$38.6 Billion, driven by a compounded growth of 23.8%. Professional, one of the segments analyzed and sized in this study, displays the potential to grow at over 24.7%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$36.6 Billion by the year 2025, Professional will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 22% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.7 Billion to the region's size and clout in the next 5 to 6 years. Over US$1.4 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Professional will reach a market size of US$1.9 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 28.4% over the next couple of years and add approximately US$8.9 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • Aethon Inc.
  • Gecko International Corporation
  • Hanool Robotics Corp.
  • Honda Motors Co. Ltd.
  • Husqvarna AB
  • Iberobotics S.L.
  • Intuitive Surgical Inc.
  • iRobot Corporation
  • KUKA Aktiengesellschaft
  • LG Electronics Inc.
  • RedZone Robotics
  • RoboBuilder Co. Ltd.
  • ROBOSOFT
  • SeaRobotics Corporation
  • Samsung Electronics Co. Ltd.
  • Toyota Motor Corporation
  • Yujin Robot Co. Ltd.
  • WowWee Group Limited
  • Zucchetti Group
Note: Product cover images may vary from those shown
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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

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: 2018-2025

TABLE 2: Service Robotics Global Retrospective Market Scenario in US$ Million by Region/Country: 2009-2017

TABLE 3: Service Robotics Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

TABLE 4: Professional (Category) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 5: Professional (Category) Historic Market Analysis by Region/Country in US$ Million: 2009 to 2017

TABLE 6: Professional (Category) Market Share Breakdown of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025

TABLE 7: Personal (Category) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025

TABLE 8: Personal (Category) Historic Market Perspective by Region/Country in US$ Million: 2009 to 2017

TABLE 9: Personal (Category) Market Sales Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025

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: 2018 to 2025

TABLE 11: Service Robotics Market in the United States by Category: A Historic Review in US$ Million for 2009-2017

TABLE 12: United States Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

CANADA

TABLE 13: Canadian Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2018 to 2025

TABLE 14: Canadian Service Robotics Historic Market Review by Category in US$ Million: 2009-2017

TABLE 15: Service Robotics Market in Canada: Percentage Share Breakdown of Sales by Category for 2009, 2019, and 2025

JAPAN

TABLE 16: Japanese Market for Service Robotics: Annual Sales Estimates and Projections in US$ Million by Category for the Period 2018-2025

TABLE 17: Service Robotics Market in Japan: Historic Sales Analysis in US$ Million by Category for the Period 2009-2017

TABLE 18: Japanese Service Robotics Market Share Analysis by Category: 2009 VS 2019 VS 2025

CHINA

TABLE 19: Chinese Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2018-2025

TABLE 20: Service Robotics Historic Market Analysis in China in US$ Million by Category: 2009-2017

TABLE 21: Chinese Service Robotics Market by Category: Percentage Breakdown of Sales for 2009, 2019, and 2025

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: 2018-2025

TABLE 23: Service Robotics Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2009-2017

TABLE 24: European Service Robotics Market Share Shift by Region/Country: 2009 VS 2019 VS 2025

TABLE 25: European Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2018-2025

TABLE 26: Service Robotics Market in Europe in US$ Million by Category: A Historic Review for the Period 2009-2017

TABLE 27: European Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

FRANCE

TABLE 28: Service Robotics Market in France by Category: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 29: French Service Robotics Historic Market Scenario in US$ Million by Category: 2009-2017

TABLE 30: French Service Robotics Market Share Analysis by Category: 2009 VS 2019 VS 2025

GERMANY

TABLE 31: Service Robotics Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2018-2025

TABLE 32: German Service Robotics Historic Market Analysis in US$ Million by Category: 2009-2017

TABLE 33: German Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

ITALY

TABLE 34: Italian Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2018-2025

TABLE 35: Service Robotics Historic Market Analysis in Italy in US$ Million by Category: 2009-2017

TABLE 36: Italian Service Robotics Market by Category: Percentage Breakdown of Sales for 2009, 2019, and 2025

UNITED KINGDOM

TABLE 37: United Kingdom Market for Service Robotics: Annual Sales Estimates and Projections in US$ Million by Category for the Period 2018-2025

TABLE 38: Service Robotics Market in the United Kingdom: Historic Sales Analysis in US$ Million by Category for the Period 2009-2017

TABLE 39: United Kingdom Service Robotics Market Share Analysis by Category: 2009 VS 2019 VS 2025

SPAIN

TABLE 40: Spanish Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2018 to 2025

TABLE 41: Spanish Service Robotics Historic Market Review by Category in US$ Million: 2009-2017

TABLE 42: Service Robotics Market in Spain: Percentage Share Breakdown of Sales by Category for 2009, 2019, and 2025

RUSSIA

TABLE 43: Russian Service Robotics Market Estimates and Projections in US$ Million by Category: 2018 to 2025

TABLE 44: Service Robotics Market in Russia by Category: A Historic Review in US$ Million for 2009-2017

TABLE 45: Russian Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

REST OF EUROPE

TABLE 46: Rest of Europe Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2018-2025

TABLE 47: Service Robotics Market in Rest of Europe in US$ Million by Category: A Historic Review for the Period 2009-2017

TABLE 48: Rest of Europe Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

ASIA-PACIFIC

TABLE 49: Asia-Pacific Service Robotics Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 50: Service Robotics Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2009-2017

TABLE 51: Asia-Pacific Service Robotics Market Share Analysis by Region/Country: 2009 VS 2019 VS 2025

TABLE 52: Service Robotics Market in Asia-Pacific by Category: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 53: Asia-Pacific Service Robotics Historic Market Scenario in US$ Million by Category: 2009-2017

TABLE 54: Asia-Pacific Service Robotics Market Share Analysis by Category: 2009 VS 2019 VS 2025

AUSTRALIA

TABLE 55: Service Robotics Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2018-2025

TABLE 56: Australian Service Robotics Historic Market Analysis in US$ Million by Category: 2009-2017

TABLE 57: Australian Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

INDIA

TABLE 58: Indian Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2018 to 2025

TABLE 59: Indian Service Robotics Historic Market Review by Category in US$ Million: 2009-2017

TABLE 60: Service Robotics Market in India: Percentage Share Breakdown of Sales by Category for 2009, 2019, and 2025

SOUTH KOREA

TABLE 61: Service Robotics Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2018-2025

TABLE 62: South Korean Service Robotics Historic Market Analysis in US$ Million by Category: 2009-2017

TABLE 63: Service Robotics Market Share Distribution in South Korea by Category: 2009 VS 2019 VS 2025

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 2018-2025

TABLE 65: Service Robotics Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Category for the Period 2009-2017

TABLE 66: Rest of Asia-Pacific Service Robotics Market Share Analysis by Category: 2009 VS 2019 VS 2025

LATIN AMERICA

TABLE 67: Latin American Service Robotics Market Trends by Region/Country in US$ Million: 2018-2025

TABLE 68: Service Robotics Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2009-2017

TABLE 69: Latin American Service Robotics Market Percentage Breakdown of Sales by Region/Country: 2009, 2019, and 2025

TABLE 70: Latin American Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2018-2025

TABLE 71: Service Robotics Historic Market Analysis in Latin America in US$ Million by Category: 2009-2017

TABLE 72: Latin American Service Robotics Market by Category: Percentage Breakdown of Sales for 2009, 2019, and 2025

ARGENTINA

TABLE 73: Argentinean Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2018-2025

TABLE 74: Service Robotics Market in Argentina in US$ Million by Category: A Historic Review for the Period 2009-2017

TABLE 75: Argentinean Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

BRAZIL

TABLE 76: Service Robotics Market in Brazil by Category: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 77: Brazilian Service Robotics Historic Market Scenario in US$ Million by Category: 2009-2017

TABLE 78: Brazilian Service Robotics Market Share Analysis by Category: 2009 VS 2019 VS 2025

MEXICO

TABLE 79: Service Robotics Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Category for the Period 2018-2025

TABLE 80: Mexican Service Robotics Historic Market Analysis in US$ Million by Category: 2009-2017

TABLE 81: Mexican Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

REST OF LATIN AMERICA

TABLE 82: Rest of Latin America Service Robotics Market Estimates and Projections in US$ Million by Category: 2018 to 2025

TABLE 83: Service Robotics Market in Rest of Latin America by Category: A Historic Review in US$ Million for 2009-2017

TABLE 84: Rest of Latin America Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

MIDDLE EAST

TABLE 85: The Middle East Service Robotics Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 86: Service Robotics Market in the Middle East by Region/Country in US$ Million: 2009-2017

TABLE 87: The Middle East Service Robotics Market Share Breakdown by Region/Country: 2009, 2019, and 2025

TABLE 88: The Middle East Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2018 to 2025

TABLE 89: The Middle East Service Robotics Historic Market by Category in US$ Million: 2009-2017

TABLE 90: Service Robotics Market in the Middle East: Percentage Share Breakdown of Sales by Category for 2009, 2019, and 2025

IRAN

TABLE 91: Iranian Market for Service Robotics: Annual Sales Estimates and Projections in US$ Million by Category for the Period 2018-2025

TABLE 92: Service Robotics Market in Iran: Historic Sales Analysis in US$ Million by Category for the Period 2009-2017

TABLE 93: Iranian Service Robotics Market Share Analysis by Category: 2009 VS 2019 VS 2025

ISRAEL

TABLE 94: Israeli Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2018-2025

TABLE 95: Service Robotics Market in Israel in US$ Million by Category: A Historic Review for the Period 2009-2017

TABLE 96: Israeli Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

SAUDI ARABIA

TABLE 97: Saudi Arabian Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2018-2025

TABLE 98: Service Robotics Historic Market Analysis in Saudi Arabia in US$ Million by Category: 2009-2017

TABLE 99: Saudi Arabian Service Robotics Market by Category: Percentage Breakdown of Sales for 2009, 2019, and 2025

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 2018-2025

TABLE 101: United Arab Emirates Service Robotics Historic Market Analysis in US$ Million by Category: 2009-2017

TABLE 102: Service Robotics Market Share Distribution in United Arab Emirates by Category: 2009 VS 2019 VS 2025

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 2018-2025

TABLE 104: Rest of Middle East Service Robotics Historic Market Analysis in US$ Million by Category: 2009-2017

TABLE 105: Rest of Middle East Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

AFRICA

TABLE 106: African Service Robotics Market Estimates and Projections in US$ Million by Category: 2018 to 2025

TABLE 107: Service Robotics Market in Africa by Category: A Historic Review in US$ Million for 2009-2017

TABLE 108: African Service Robotics Market Share Breakdown by Category: 2009 VS 2019 VS 2025

IV. COMPETITION

Total Companies Profiled: 113

Note: Product cover images may vary from those shown
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