Service Robot Market 2021 SWOT Analysis and Key Business Strategies by Leading Players – Intuitive Surgical, IRobot, Dyson, Neato Robotics, Sharp, Toshiba

Latest research on Service Robot Market report covers forecast and analysis on a worldwide, regional and country level. The study provides historical information of 2016-2020 together with a forecast from 2021 to 2026 supported by both volume and revenue (USD million). The entire study covers the key drivers and restraints for the Service Robot market. This report included a special section on the Impact of COVID19. Also, Service Robot Market (By major Key Players, By Types, By Applications, and Leading Regions) Segment’s outlook, Business assessment, Competition scenario and Trends. The report also gives 360-degree overview of the competitive landscape of the Service Robot industry.

Global Service Robot market is expected to register a CAGR of 22.1% in terms of value during forecast period 2021–2026.

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Prominent Players in the global Service Robot market are – Intuitive Surgical, IRobot, Dyson, Neato Robotics, Sharp, Toshiba, Panasonic, Gecko Systems, Northrop Grumman Corporation, ECA Group, Kongsberg Maritim, Fujitsu Frontech Limited, Kawasaki, REWALK, Sony, Honda, Toyota, SoftBank, Hitachi, ALSOK,*

The report contains pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

Market Overview:

Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors. Professional service robots are employed in various industries including healthcare, defense and security, agriculture, forestry, logistics, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment purpose. Service robotics market has witnessed an upsurge in its adoption owing to high labor cost, lack of skilled workforce, increased investments in R&D, growing awareness regarding the benefits of service robots, and increased demand for automation among professional and personal sectors. However, high initial investment and concern for human safety limit the service robotics market growth. Moreover, increasing adoption of smartphones, growing application areas, and growth in emerging economies are likely to provide numerous growth opportunities in the market.

Industry News And Developments:

April 2020, a few Japanese startups developed medical robots that can be used to check peoples’ temperatures and conduct disinfection work in hospitals.

February 2020 - ABB Limited and Covariant announced a partnership to bring AI-enabled robotics solutions to market, starting with a fully autonomous warehouse order fulfillment solution, and the partnership brings together the two companies with a common vision for robotics enabled by AI, where intelligent robots work alongside humans in dynamic environments, collectively learning and improving with every task completed.

Regional Outlook:

The Asia Pacific is one of the fastest-growing regions across the world. It also holds the largest market over the forecast period, owing to the significant adoption of service robots in China, Japan, and India.

Europe predominantly leads in terms of the global service robotics market share, mainly owing to the high demand for professional and personal robots across several countries in the region. According to the International Federation of Robotics, Europe had the largest presence of manufacturers at around 44% due to the increasing demand from sectors, such as logistics, defense, medical, and retail. Further, countries mainly Germany, Italy, the U.K., and France are projected to grow significantly over the forecast period in this market with the rising adoption of robotics solutions across these geographies.

Market Segmentation by Type

Personal Service Robots
Professional Service Robots

Market Segmentation by Application

Household Robots
Education/Entertainment Robots
Nursing/Rehabilitation Robots
Medical Robots
Agriculture, Forestry, Livestock Farming and Fisheries Robots
Logistic Robots
Others

Service Robot Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger and acquisitions along with trending innovation and business policies are reviewed in the report. The report contains basic, secondary and advanced information pertaining to the Service Robot Market global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2021–2027.  

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There are several chapters to deeply display the global Service Robot market:

Chapter 1, to describe Service Robot Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Service Robot with sales, revenue, and price of Service Robot in 2018 and 2019;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2018 and 2019;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Service Robot for each region, from 2015 to 2020;

Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2015 to 2020;

Chapter 12, Service Robot market forecast, by regions, type and application, with sales and revenue, from 2019 to 2026;

Chapter 13 and 14, to describe Service Robot sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

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Reasons to Invest:

This report provides pin-point analysis for changing competitive dynamics
It provides changing trends, driving factors and restraints of market
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps to make wide business decisions by having complete insights of market and by making in-depth analysis of market segments

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