Press release
Service Robotics Market Set for Rapid Growth, To Reach CAGR of Over 17.2% by 2026 and Key Players - Parrot SA, Northrop Grumman Corporation, Lely Holding S.A.R.L., Kuka AG, Kongsberg Maritime, Irobot Corporation, Intuitive Surgical,
Service Robotics Market
Global Service Robotics Market is accounted for $10.77 billion in 2017 and is expected to reach $44.68 billion by 2026 growing at a CAGR of 17.2% from 2017 to 2026. Rising demand for the market is expected to grow substantially owing to factors such as high demand from medical and healthcare sector, increasing usage of robots for education & research purposes and short-to medium-term payback period and high return on investment (ROI) are some of the factors fueling the market growth. However, factors such as high initial investment and concern for human safety are restraining the market growth.
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Top Market Players:
Parrot SA, Northrop Grumman Corporation, Lely Holding S.A.R.L., Kuka AG, Kongsberg Maritime, Irobot Corporation, Intuitive Surgical, Honda Motor , Geckosystems Intl. Corp., ECA Group, DJI, Delaval International AB, Bluefin Robotics, Aethon Inc., Adept Technology, Inc., Toyota Motor Corporation, Sony Corporation, Samsung Electronics, Microsoft, Inc., LG Electronics, Google, Fuji Soft Inc., Amazon.Com, Inc. and AB Electrolux.
Service robot can be defined as a robot that performs useful tasks for humans or equipment excluding industrial automation application. Service robotics is differentiated into two parts as personal/domestic service robots and professional service robots. Service robots that are used for performing daily tasks, non-commercial use, and others are the personal/domestic service robots. Whereas service robots that perform commercial tasks and are operated by trained operators are the professional service robots. Robots can also be used for the purpose of education or for providing the service of assisted living to those in need of it. Robotic pets are another segment that has been gaining popularity in certain countries across the globe. The use of robots for entertainment is also slowly picking up pace. Professional robots constitute the other type of robots that fall under the broad segment of service robotics.
Components Covered:
-Actuators
-Control System
-Power Source
-Sensors
-Software
-Other Components
Operating Environments Covered:
-Ground Based
-Aerial
-Unmanned Surface vehicles Controls
-Remotely Operated Underwater Vehicles (ROVs)
-Automated Guided Underwater Vehicle (AUVs)
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Applications Covered:
-Professional Service Robots
-Personal Service Robots
-Other Applications
Regions Covered:
-North America
-Europe
-Asia Pacific
-South America
-Middle East & Africa
Important Features that are under offering & key highlights of the report:
-Market share assessments for the regional and country level segments
-Market share analysis of the top industry players
-Strategic recommendations for the new entrants
-Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
-Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
-Strategic recommendations in key business segments based on the market estimations
-Competitive landscaping mapping the key common trends
-Company profiling with detailed strategies, financials, and recent developments
-Supply chain trends mapping the latest technological advancements
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