Service Robotics Market Size, Share, Up-coming Trends, Analysis, Manufactures, Regions, Leading Players, Outlook -Future and Forecast 2025

According to Market Study Report, Service Robotics Market provides a comprehensive analysis of the Service Robotics Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Service Robotics Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Service Robotics Market is expected to grow from USD 37.0 Billion in 2020 and is projected to reach USD 102.5 Billion by 2025; it is expected to grow at a CAGR of 22.6% during the forecast period. This report spread across 245 Pages, Profiling 10 Companies and Supported with 107 Tables and 61 figures are now available in this research.

Top Companies profiled in the Service Robotics Market:
o iRobot (US)
o SoftBank Robotics (Japan)
o Intuitive Surgical Inc (US)
o DeLaval International AB (Sweden)
o Daifuku (Japan)
o Cyberdyne (Japan)
o DJI (China)
o Kongsberg Maritime (Norway)
o Northrop Grumman (US)
o Neato Robotics (US)
o KUKA Swisslog (Germany)
o Lely (Netherlands)
o ECA Group (France)
o 3DR (US)
o Stryker Corporation (US)
o Harvest Croo (US)
o Starship Technologies (US)
o Parrot SA (France)
o General Electric (US)
o Amazon Robotics (US)
o ecoRobotix (Switzerland)
o GRAAL (Italy)
o PrecisionHawk (US)
o Hanson Robotics (China)
o UBTECH Robotics (China)

"Professional service robots to hold larger share of market during forecast period"
Due to the high cost of personal and domestic service robots there is less penetration for domestic applications. For instance, the cost of vacuum cleaners manufactured by iRobot (US) ranges from USD 249 to USD 1,439. Telepresence robots are available in the range of USD 185 to USD 32,000. PARO, a therapeutic robot, costs USD 3,800. Professional service robots on the other hand provide a better ROI as they replace humans.

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"Ground based service robots to hold largest share of market in 2020"
Ground robots are used for various applications such surgeries; cleaning; elderly care and communication through telepresence; and assistance. With increase in nuclear families and world population the households have increased, generating more demand for vacuuming robots. For commercial applications, AGVs are being used in warehouses as well as in agriculture. Ground robots are also used in other industries such as healthcare, hospitality, space research, and law enforcement.

"North America to dominate service robotics market throughout forecast period"
According International Federation of Robotics (IFR), 240 out of 700 registered manufacturers of service robots were located in North America in 2017. Furthermore, North America also accounts for a significant number of startups working in the service robotics market space. According to IFR, around 200 start-up companies were working on new service robots in the US alone during 2017. The US also housed some key players such as Intuitive Surgical (US) and iRobot (US), and is a large market for both commercial and domestic robots.

Breakdown of primary participants' profile:
o By Company Type: Tier 1-40%, Tier 2-30%, and Tier 3 -30%
o By Designation: C-level Executives-40%, Directors-40%, and Others -20%
o By Region: North America -40%, APAC-30%,Europe-20%,and RoW -10%

Competitive Landscape of Service Robotics Market:
1 Overview
2 Market Ranking Analysis
3 Competitive Leadership Mapping
3.1 Visionary Leaders
3.2 Innovators
3.3 Dynamic Differentiators
3.4 Emerging Companies
4 Strength of Product Portfolio (25 Players)
5 Business Strategy Excellence (25 Players)
6 Competitive Situations and Trends
6.1 Product Launches
6.2 Partnerships and Collaborations
6.3 Expansions
6.4 Acquisitions

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Research Coverage:
This research report categorizes the global gantry robot market on the basis on type,environment, component, application, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the service robotics market and forecasts the same till 2025. Apart from these, the report also consists of leadership mapping and analysis of all the companies included in the service robotics ecosystem.

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