The global service robotics market is expected to reach nearly US$ 50 Billion by 2027. Service robots are the robots designed to assist humans and perform useful tasks, excluding industrial and manufacturing automation applications. 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 medical, defense, agriculture, logistics, inspection and maintenance, rescue and security, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment and leisure purpose. The service robotics market is driven by an upsurge in its adoption owing to high labor cost, lack of skilled workforce, increasing research and development investments, growing awareness regarding the benefits of service robots, and increased demand for automation among professional and personal sectors. The high initial investment and concern for human safety restricts the growth of the market.
Recent Developments
- In August 2022, Amazon.com, Inc. (US) and iRobot Corporation announced a definitive merger agreement under which Amazon will acquire iRobot Corporation under its expansion plan.
- In July 2022, Hibot Corp. used its Float Arm robot to inspect pipelines that were difficult to access and unsafe for workers at the Mitsui Chemical plant in Japan.
- In June 2022, Intuitive Surgical and Siemens collaborated to integrate a mobile cone-beam CT (CBCT) imaging technology and the lon Endoluminal System used for robot-assisted bronchoscopy.
By Segment Professional Service Robotics Market and Volume Forecast - Key Takeaway
- In 2022, medical applications accounted for maximum share of the global professional service robotics market, followed by logistic segment. Together, the medical and logistic applications accounted for over 75% share of the global professional service market.
- The use of service robots in logistic industry is anticipated to show substantial growth. The growing e-commerce industry is the primary growth driver for this market.
- The implementation of robotics in agriculture is expected to bring out transformational result in coming years.
- In volume terms, the logistic robots accounted for maximum share of the overall professional service robotics volume, while the public relation robots form the second largest category of professional service robots by unit sales.
By Segment Personal and Domestic Service Robotics Market and Volume Forecast - Key Takeaway
- Household robots accounts for maximum share of the personal and domestic service robotics market both in value and volume terms. This segment is likely to lead the personal and domestic service robotics market throughout the forecast period.
- Entertainment and leisure robots are aimed at youth in the hopes of boosting their interest in robotics and other technical fields.
Global Service Robot Manufacturers / Suppliers Analysis - Key Takeaway
- The United States is home of most service robot manufacturers, followed by China, Germany, Japan, France, and Russia.
- In the consumer robot application, most of the service robot suppliers are based in the Asian region, being followed by Europe.
- Around, 80% of service robot supplier are small-medium sized enterprises.
iGATE RESEARCH report titled "Global Service Robotics Market and Volume by Type (Professional Service Robots, Personal and Domestic Service Robots), Service Robot Manufacturers / Suppliers Analysis, Key Players Robotics Division Sales and Recent Developments - Forecast to 2027" provides a comprehensive assessment of the fast-evolving, high-growth Service Robotics Market.
This 205 Page report with 97 Figures and 14 Tables has been analyzed from 9 viewpoints:
1. Global Service Robotics Market and Forecast (2012 - 2027)
2. Global Service Robotics Volume and Forecast (2012 - 2027)
3. Global Service Robotics Market & Volume Share and Forecast (2012 - 2027)
4. Global Professional Service Robotics Market and Volume Forecast - By Segment (2012 - 2027)
5. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2012 - 2027)
6. Global Service Robot Manufacturers / Suppliers Analysis
7. Key Players - Robotics Division Sales and SWOT Analysis (2010 - 2027)
8. Global Robotics Market - Recent Developments
9. Global Robotics Market - Growth Drivers and Challenges
Global Service Robotics Market and Volume Forecast - By Type
1. Professional Service Robotics
2. Personal and Domestic Service Robotics
Global Professional Service Robotics Market and Volume Forecast - By Segment
1. Defence
2. Agriculture/Field
3. Logistic
4. Medical
5. Exoskeletons
6. Public Relations Robots
7. Construction
8. Mobile Platforms
9. Inspection and Maintenance
10. Underwater
11. Rescue and Security
12. Cleaning
13. Others
Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment
1. Household Robotics
2. Entertainment and Leisure Robotics
Global Robotics Market - Key Players Robotics Division Sales and SWOT Analysis
1. KUKA AG
2. Adept Technology (Acquired by OMRON)
3. iRobot Corporation
4. Intuitive Surgical
5. Nachi-Fujikoshi
6. Yaskawa Electric Corporation
7. ABB
8. FANUC Corporation
9. DAIHEN Corporation
10. Mitsubishi Electric Corporation
11. DENSO Corporation
12. Seiko Epson Corporation
Data Sources
iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.
Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.
Table of Contents
1. Executive Summary
2. Global Service Robotics Market and Forecast (2012 - 2027)
- 2.1 Global Professional Service Robotics Market and Forecast
- 2.2 Global Personal and Domestic Service Robotics Market and Forecast
3. Global Service Robotics Volume and Forecast (2012 - 2027)
- 3.1 Global Professional Service Robotics Volume and Forecast
- 3.2 Global Personal and Domestic Service Robotics Volume and Forecast
4. Global Service Robotics Market and Volume Share Analysis (2012 - 2027)
- 4.1 Global Service Robotics Market Share and Forecast - By Segment
- 4.2 Global Professional Service Robotics Market Share and Forecast - By Segment
- 4.3 Global Personal and Domestic Service Robotics Market Share and Forecast - By Segment
- 4.4 Global Service Robotics Volume Share and Forecast - By Segment
- 4.5 Global Professional Service Robotics Volume Share and Forecast- By Segment
- 4.6 Global Personal and Domestic Service Robotics Volume Share and Forecast- By Segment
5. Global Professional Service Robotics Market and Volume Forecast - By Segment (2012 - 2027)
- 5.1 Global Defense Robotics Market and Volume Forecast
- 5.1.1 Global Defense Robotics Market and Forecast
- 5.1.2 Global Defense Robotics Volume and Forecast
- 5.2 Global Agriculture/Field Robotics Market and Volume Forecast
- 5.2.1 Global Agriculture/Field Robotics Market and Forecast
- 5.2.2 Global Agriculture/Field Robotics Volume and Forecast
- 5.3 Global Logistic Robotics Market and Volume Forecast
- 5.3.1 Global Logistic Robotics Market and Forecast
- 5.3.2 Global Logistic Robotics Volume and Forecast
- 5.4 Global Medical Robotics Market and Volume Forecast
- 5.4.1 Global Medical Robotics Market and Forecast
- 5.4.2 Global Medical Robotics Volume and Forecast
- 5.5 Global Construction Robotics Market and Volume Forecast
- 5.5.1 Global Construction Robotics Market and Forecast
- 5.5.2 Global Construction Robotics Volume and Forecast
- 5.6 Global Mobile Platforms Robotics Market and Volume Forecast
- 5.6.1 Global Mobile Platforms Robotics Market and Forecast
- 5.6.2 Global Mobile Platforms Robotics Volume and Forecast
- 5.7 Global Inspection Robotics Market and Volume Forecast
- 5.7.1 Global Inspection Robotics Market and Forecast
- 5.7.2 Global Inspection Robotics Volume and Forecast
- 5.8 Global Underwater Robotics Market and Volume Forecast
- 5.8.1 Global Underwater Robotics Market and Forecast
- 5.8.2 Global Underwater Robotics Volume and Forecast
- 5.9 Global Rescue and Security Robotics Market and Volume Forecast
- 5.9.1 Global Rescue and Security Robotics Market and Forecast
- 5.9.2 Global Rescue and Security Robotics Volume and Forecast
- 5.10 Global Cleaning Robotics Market and Volume Forecast
- 5.10.1 Global Cleaning Robotics Market and Forecast
- 5.10.2 Global Cleaning Robotics Volume and Forecast
- 5.11 Global Exoskeleton Robotics Market and Volume Forecast
- 5.11.1 Global Exoskeleton Robotics Market and Forecast
- 5.11.2 Global Exoskeleton Robotics Volume and Forecast
- 5.12 Global Public Relation Robotics Market and Volume Forecast
- 5.12.1 Global Public Relation Robotics Market and Forecast
- 5.12.2 Global Public Relation Robotics Volume and Forecast
- 5.13 Global All Others Robotics Market and Volume Forecast
- 5.13.1 Global All Others Robotics Market and Forecast
- 5.13.2 Global All Others Robotics Volume and Forecast
6. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2012 - 2027)
- 6.1 Global Household Robotics Market and Volume Forecast
- 6.1.1 Global Household Robotics Market and Forecast
- 6.1.2 Global Household Robotics Volume and Forecast
- 6.2 Global Entertainment and Leisure Robotics Market and Volume Forecast
- 6.2.1 Global Entertainment and Leisure Robotics Market and Forecast
- 6.2.2 Global Entertainment and Leisure Robotics Volume and Forecast
7. Global Service Robot Manufacturers / Suppliers Analysis
8. Key Player Analysis (2010 - 2027)
- 8.1 KUKA AG
- 8.1.1 Company Overview
- 8.1.2 Sales Analysis
- 8.1.3 KUKA AG - SWOT Analysis
- 8.2 Adept Technology (Acquired by OMRON)
- 8.2.1 Company Overview
- 8.2.2 Sales Analysis
- 8.2.3 Adept Technology - SWOT Analysis
- 8.3 iRobot Corporation
- 8.3.1 Company Overview
- 8.3.2 Sales Analysis
- 8.3.3 iRobot Corporation - SWOT Analysis
- 8.4 Intuitive Surgical
- 8.4.1 Company Overview
- 8.4.2 Sales Analysis
- 8.4.3 Intuitive Surgical - SWOT Analysis
- 8.5 Nachi-Fujikoshi
- 8.5.1 Company Overview
- 8.5.2 Sales Analysis
- 8.5.3 Nachi-Fujikoshi - SWOT Analysis
- 8.6 Yaskawa Electric Corporation
- 8.6.1 Company Overview
- 8.6.2 Sales Analysis
- 8.6.3 Yaskawa Electric Corporation - SWOT Analysis
- 8.7 ABB
- 8.7.1 Company Overview
- 8.7.2 Sales Analysis
- 8.7.3 ABB - SWOT Analysis
- 8.8 FANUC Corporation
- 8.8.1 Company Overview
- 8.8.2 Sales Analysis
- 8.8.3 FANUC Corporation - SWOT Analysis
- 8.9 DAIHEN Corporation
- 8.9.1 Company Overview
- 8.9.2 Sales Analysis
- 8.9.3 DAIHEN Corporation - SWOT Analysis
- 8.10 Mitsubishi Electric Corporation
- 8.10.1 Company Overview
- 8.10.2 Sales Analysis
- 8.10.3 Mitsubishi Electric Corporation - SWOT Analysis
- 8.11 DENSO Corporation
- 8.11.1 Company Overview
- 8.11.2 Sales Analysis
- 8.11.3 DENSO Corporation - SWOT Analysis
- 8.12 Seiko Epson Corporation
- 8.12.1 Company Overview
- 8.12.2 Sales Analysis
- 8.12.3 Seiko Epson Corporation - SWOT Analysis
9. Global Robotics Market - Recent Developments
10. Global Robotics Market - Growth Drivers
- 10.1 Increased Spending on R&D and Robotic Process Automation
- 10.2 Technology Trends Shaping the Future of Robotics
- 10.3 Increased Investment Across Industries Drives the Market for Robotics Solution
- 10.4 Opportunities in Industry 4.0 and Emergence of Industry 5.0
- 10.5 Rising Labor Costs amidst the Aging Workforce will Boost the Robots Demand
- 10.6 Rising Demand for Collaborative Robots Across Industries
11. Global Robotics Market - Challenges
- 11.1 The High Cost of Robots and Delayed Return on Investment Restricts Market Growth
- 11.2 Limited Flexibility of Robots for Handling SKUs Pose Challenge for Robotics
- 11.3 Safety Concerns Related to Industrial Robotics Systems
- 11.4 Privacy and Security