Global Service Robotics Market (Impact of COVID-19) and Volume Analysis by Type (Professional Service Robots, Personal and Domestic Service Robots) and Key Players Analysis - Forecast to 2025

Get in-depth COVID-19 impact and recovery analysis on the Global Service Robotics Market

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  • The global service robotics market was valued at over US$ 17 Billion in 2019 and is expected to show significant growth during the forecast period, 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. 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 high initial investment and concern for human safety restricts the growth of the market.

    Impact of COVID-19 on Service Robotics Market

    The COVID-19 outbreak has become a global stress test. As the number of people infected with the virus continues to rise around the world, uncertainties about global economic growth increases. The COVID-19 disease has infected more than 1.8 Million people worldwide, with United States accounting for around 30% of cases. Globally the death toll has surpassed 110,860, according to the latest statistics from the Worldometers (as of April 12, 2020). The number is still growing, and the duration of the pandemic is still difficult to predict.

    The novel coronavirus has increased interest in robots, drones, and artificial intelligence. These technologies can help deal with massive staffing shortages in healthcare, manufacturing, and supply chains; the need for “social distancing;” and diagnosis and treatment. For example, service robotics play a vital role in healthcare, they minimize human intervention at all levels, starting from patient examination to patient care and drug delivery mechanism. The virus has been a good opportunity for companies to display robots for public applications. Public Relations, Rescue and Security, Inspection, Cleaning, Monitoring, and Detection are all key aspects of containing the pandemic. Disinfection robot UVD for example has been in high demand since the outbreak of COVID-19 pandemic.

    Global Professional Service Robotics Market and Volume Forecast - By Segment

    The logistic applications accounted for maximum share of the global professional service robotics 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. In 2019, medical application was the second major industry vertical, in terms of market share. Medical application employs service robots for a wide range of applications such as surgery, diagnostics, physical and mental therapy, and prosthetics among others. Defence robotics captured third highest share of the professional service robotics market in 2019, followed by Agriculture robots or Agribots. 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. Inspection and maintenance robots captured second highest share of the professional service robots sales volume in 2019. The medical robots accounted for merely 2% share of the professional service robotics volume in 2019, due to expensive nature of these devices.

    Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment

    Household robots accounted 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 volume throughout the forecasting period. The household robotics market consists of a wide variety of products focused on single tasks, such as floor care, lawn care, and pool care. While, entertainment and leisure robots are aimed at youth in the hopes of boosting their interest in robotics and other technical fields.

    This is the 4th edition report on Service Robotics by iGATE RESEARCH. The report titled “Global Service Robotics Market (Impact of COVID-19) and Volume Analysis by Type (Professional Service Robots, Personal and Domestic Service Robots) and Key Players Analysis - Forecast to 2025” provides a comprehensive assessment of the fast-evolving, high-growth Service Robotics Market.

    This 167 Page report with 83 Figures and 12 Tables has been analyzed from 11 viewpoints:

    1. Global Service Robotics Market and Forecast (2009 - 2025)

    2. Impact of Coronavirus (COVID-19) Pandemic on Service Robotics Market

    3. Global Service Robotics Volume and Forecast (2009 - 2025)

    4. Global Service Robotics Market Share and Forecast (2009 - 2025)

    5. Global Service Robotics Volume Share and Forecast (2009 - 2025)

    6. Global Professional Service Robotics Market and Forecast - By Segment (2009 - 2025)

    7. Global Professional Service Robotics Volume and Forecast - By Segment (2009 - 2025)

    8. Global Personal and Domestic Service Robotics Market and Forecast - By Segment (2009 - 2025)

    9. Global Personal and Domestic Service Robotics Volume and Forecast - By Segment (2009 - 2025)

    10. Key Players - Sales and SWOT Analysis (2010 - 2025)

    11. Global Service 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 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

    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.

     

  • With tables and figures helping analyze worldwide Global Service Robotics market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.


    1. Executive Summary

    2. Impact of Coronavirus (COVID-19) Pandemic on Service Robotics Market

    3. Global Service Robotics Market and Forecast (2009 - 2025)

    3.1 Global Professional Service Robotics Market and Forecast

    3.2 Global Personal and Domestic Service Robotics Market and Forecast


    4. Global Service Robotics Volume and Forecast (2009 - 2025)

    4.1 Global Professional Service Robotics Volume and Forecast

    4.2 Global Personal and Domestic Service Robotics Volume and Forecast


    5. Global Service Robotics Market and Volume Share Analysis (2009 - 2025)

    5.1 Global Service Robotics Market Share and Forecast - By Segment

    5.2 Global Professional Service Robotics Market Share and Forecast - By Segment

    5.3 Global Personal and Domestic Service Robotics Market Share and Forecast - By Segment

    5.4 Global Service Robotics Volume Share and Forecast - By Segment

    5.5 Global Professional Service Robotics Volume Share and Forecast- By Segment

    5.6 Global Personal and Domestic Service Robotics Volume Share and Forecast- By Segment


    6. Global Professional Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)

    6.1 Global Defense Robotics Market and Volume Forecast

    6.1.1 Global Defense Robotics Market and Forecast
    6.1.2 Global Defense Robotics Volume and Forecast

    6.2 Global Agriculture/Field Robotics Market and Volume Forecast

    6.2.1 Global Agriculture/Field Robotics Market and Forecast
    5.2.2 Global Agriculture/Field Robotics Volume and Forecast

    6.3 Global Logistic Robotics Market and Volume Forecast

    6.3.1 Global Logistic Robotics Market and Forecast
    6.3.2 Global Logistic Robotics Volume and Forecast

    6.4 Global Medical Robotics Market and Volume Forecast

    6.4.1 Global Medical Robotics Market and Forecast
    6.4.2 Global Medical Robotics Volume and Forecast

    6.5 Global Construction Robotics Market and Volume Forecast

    6.5.1 Global Construction Robotics Market and Forecast
    6.5.2 Global Construction Robotics Volume and Forecast

    6.6 Global Mobile Platforms Robotics Market and Volume Forecast

    6.6.1 Global Mobile Platforms Robotics Market and Forecast
    6.6.2 Global Mobile Platforms Robotics Volume and Forecast
    6.7 Global Inspection Robotics Market and Volume Forecast
    6.7.1 Global Inspection Robotics Market and Forecast
    6.7.2 Global Inspection Robotics Volume and Forecast
    6.8 Global Underwater Robotics Market and Volume Forecast
    6.8.1 Global Underwater Robotics Market and Forecast
    6.8.2 Global Underwater Robotics Volume and Forecast
    6.9 Global Rescue and Security Robotics Market and Volume Forecast
    6.9.1 Global Rescue and Security Robotics Market and Forecast
    6.9.2 Global Rescue and Security Robotics Volume and Forecast

    6.10 Global Cleaning Robotics Market and Volume Forecast

    6.10.1 Global Cleaning Robotics Market and Forecast
    6.10.2 Global Cleaning Robotics Volume and Forecast
    6.11 Global Exoskeleton Robotics Market and Volume Forecast
    6.11.1 Global Exoskeleton Robotics Market and Forecast
    6.11.2 Global Exoskeleton Robotics Volume and Forecast
    6.12 Global Public Relation Robotics Market and Volume Forecast
    6.12.1 Global Public Relation Robotics Market and Forecast
    6.12.2 Global Public Relation Robotics Volume and Forecast
    6.13 Global All Others Robotics Market and Volume Forecast
    6.13.1 Global All Others Robotics Market and Forecast
    6.13.2 Global All Others Robotics Volume and Forecast

    7. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)

    7.1 Global Household Robotics Market and Volume Forecast

    7.1.1 Global Household Robotics Market and Forecast
    6.1.2 Global Household Robotics Volume and Forecast

    7.2 Global Entertainment and Leisure Robotics Market and Volume Forecast

    7.2.1 Global Entertainment and Leisure Robotics Market and Forecast
    7.2.2 Global Entertainment and Leisure Robotics Volume and Forecast

    8. Key Player Analysis (2010 - 2025)

    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

    9. Global Service Robotics Market - Growth Drivers

    9.1 Increasing Research and Development Expenditure

    9.2 Technology Trends Shaping the Future of Robotics

    9.3 Government Initiatives Drives Market for Robotics

    9.4 Co-Bots Drives Robotics Industry

    9.5 Improved Service, Increased Operational Efficiency and Safety


    10. Global Service Robotics Market - Challenges

    10.1 Human-Robot Interaction Challenges

    10.2 The High Cost of Robots Restricts Market Growth

    10.3 Delayed Return on Investment (ROI)

     

  • The Global Service Robotics Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
      By Regions:
        By Type:
          By Application:
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          Research objectives

          Where will all these developments take the industry in the long

          To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

          What are the future opportunities in the market?

          To understand the structure of Market by identifying its various subsegments.

          What are the major driving forces expected to impact the development of the market market across different regions?

          To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

          Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

          To project the consumption of market submarkets, with respect to key regions.

          Who are the major driving forces expected to decide the fate of the industry worldwide.

          To strategically profile the key players and comprehensively analyze their growth strategies.

          What are the key barriers and threats believed to hinder the development of the industry?

          To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

          Who are the prominent market players making a mark in the market with their winning strategies?

          To share detailed information about the key factors influencing the growth of the market

          What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

          Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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