Service Robot Market Size, Share, Opportunities, And Trends By Operating Environment (Aerial, Ground, Marine), By Component (Software, Hardware, Sensor, Control System, Actuator, Others, ), By Application (Professional Robot, Security And Surveillance, Medical, Field Robot, Logistics, Others, Personal Robot, Entertainment, Education, Domestic Task, Others), And - Forecasts From 2019 To 2024.

Published:  Mar 2020 Report Code: KSI061611156 Pages: 114

The service robot market was valued at US$11.304 billion in 2017 and is projected to expand at a CAGR of 22.77% over the forecast period to reach US$38.708 billion by 2023. There has been a growing demand for service robots in the healthcare and education industry which drives its market growth. The declining price of personal robots owing to rapidly growing competition in the market drives the adoption of a service robots for domestic tasks which further augments the market growth. In addition to this, the rapidly ageing population, as well as an increasing number of rehabilitation centres, drive the demand for the service robots as they can provide a helping hand to elderly people. Other drivers include rising spending power and high-speed innovations. However, the high initial cost restraints its adoption and thereby hampers its market growth.

By Application

By Application, professional robot accounts for a large market share in 2017 and will grow at a considerable rate in the years ahead. Expanding applications is the major factor driving this market growth. The growing healthcare expenditure is expected to augment the demand for the service robot in the medical segment while propelling the professional robot segment. In the personal robot segment, the education segment is expecting considerable growth over the projected period. The rapid modernization in the educational system across the world and a growing number of educational institute drives the segment growth.

By Geography

Geographically, Europe accounted for a large market share in 2017 and is also expected to hold a notable position by the end of the forecasted period. High-speed innovations as well as expanding the application of service robots drive the regional market growth. In Europe, robots are increasingly being adopted for education, entertainment, and medical applications. Likewise, North America also accounted for a considerable share in 2017. Adoption of technology at its early stage in the United States and the presence of many key players augment the market share. However, APAC is expecting a high growth over the projected period. The rise in automation in the logistics industry coupled with growing investments drive APAC service robot market growth

Competitive Insight

The service robot market is considerably competitive owing to the presence of well-diversified regional and international players. The market growth is expected to further augment the competitive rivalry as it will attract more players to the market. The major players discussed in the report include iRobot Corporation, Jibo, Inc., Honda Motor Co., Ltd., ABB, DJI, KUKA, Future Robot Co. Ltd., and Kongsberg Maritime.

Segmentation

The service robot market has been analyzed through the following segments:

By Operating Environment

Aerial

Ground

Marine

 

By Component

Software

Hardware

Sensor

Control System

Actuator

Others

 

By Application

Professional robot

Security and surveillance

Medical

Field robot

Logistics

Others

 

Personal robot

Entertainment

Education

Domestic task

Others

 

By Geography

North America

United States

Canada

Mexico

Others

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

Italy

United Kingdom

Others

 

Middle East and Africa

Israel

Saudi Arabia

South Africa

Others

 

Asia Pacific

Japan

China

India

Australia

Others

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY  
2.1. Research Design
2.2. Secondary Sources
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Force Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. SERVICE ROBOT MARKET BY OPERATING ENVIRONMENT
5.1. Aerial
5.2. Ground
5.3. Marine
6. SERVICE ROBOT MARKET BY COMPONENT
6.1. Software
6.2. Hardware
6.2.1. Sensor
6.2.2. Control System
6.2.3. Actuator
6.2.4. Others
7. SERVICE ROBOT MARKET BY APPLICATION
7.1. Professional robot
7.1.1. Security and surveillance
7.1.2. Medical
7.1.3. Field robot
7.1.4. Logistics
7.1.5. Others
7.2. Personal robot
7.2.1. Entertainment
7.2.2. Education
7.2.3. Domestic task
7.2.4. Others
8. SERVICE ROBOT MARKET BY GEOGRAPHY
8.1. North America
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.1.4. Others
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Others
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. Italy
8.3.4. United Kingdom
8.3.5. Others
8.4. Middle East and Africa
8.4.1. Israel
8.4.2. Saudi Arabia
8.4.3. South Africa
8.4.4. Others
8.5. Asia Pacific
8.5.1. Japan
8.5.2. China
8.5.3. India
8.5.4. Australia
8.5.5. Others
9. COMPETITIVE INTELLIGENCE
9.1. Recent Deals and Investment
9.2. Strategies of Key Players
9.3. Investment Analysis
10. COMPANY PROFILES
10.1.  iRobot Corporation
10.1.1. Company Overview
10.1.2. Financials
10.1.3. Products and Services
10.1.4. Recent Developments
10.2.  Jibo, Inc.
10.2.1. Company Overview
10.2.2. Financials
10.2.3. Products and Services
10.2.4. Recent Developments
10.3.  Honda Motors Co., Ltd.
10.3.1. Company Overview
10.3.2. Financials
10.3.3. Products and Services
10.3.4. Recent Developments
10.4.  ABB
10.4.1. Company Overview
10.4.2. Financials
10.4.3. Products and Services
10.4.4. Recent Developments
10.5.  DJI
10.5.1. Company Overview
10.5.2. Financials
10.5.3. Products and Services
10.5.4. Recent Developments
10.6. KUKA
10.6.1. Company Overview
10.6.2. Financials
10.6.3. Products and Services
10.6.4. Recent Developments
10.7. Future Robot Co. Ltd.
10.7.1. Company Overview
10.7.2. Financials
10.7.3. Products and Services
10.7.4. Recent Developments
10.8. Kongsberg Maritime
10.8.1. Company Overview
10.8.2. Financials
10.8.3. Products and Services
10.8.4. Recent Developments
LIST OF FIGURES 
LIST OF TABLES
iRobot Corporation
Jibo, Inc.
Honda Motors Co., Ltd.
ABB
DJI
KUKA
Future Robot Co. Ltd.
Kongsberg Maritime

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