Service Robotics Market | Analysis 2019-2031

Service Robotics Market Introduction

Today, robotics is a fast-growing industry with applications in myriad markets such as manufacturing, retail, transportation, and even as personal assistants. Robotics has stepped out of science and fiction and into service, if not much penetrated in domestic use, then at least at hospitals, warehouse, restaurants, hotels, and retail outlets. Service robots are designed to work independently alongside human being, performing the programmed tasks such as pick and pack, warehouse delivery and more.

Market Dynamics

The service industry is growing strongly and encompasses all new market areas. Rapid reduction in the cost of components, availability of compute cycle, innovations in physical artifacts are transforming robotics technologies at a rapid pace. In addition, continuous advancements in safety and compliance of robot systems are anticipated to boost the adoption of service robots among end users. Robotics technology providers see massive growth opportunities in the service industry and are inclined towards introducing industry-specific service robots especially for hospitality, healthcare, and retail outlets. However, the domestic user segment is highly unstructured and complicated along with very tight price targets. To target, this segment key vendors are inclined towards introducing service robots at an affordable price range.

Market Scope

The market is segmented based on operating environment, application, and region. Based on operating environment, the market is segmented into ground based, marine, and aerial service robots. By application, the market is bifurcated into field robots, logistics, medical, inspection & maintenance, domestic tasks, educations and research, and others. Key regions analyzed in the market are North America, Europe, Asia Pacific, and Rest of the world.

Regional Outlook

The global video conferencing market has been analyzed across six major regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East & Africa (MEA).

Service Robotics Market Competitive Landscape

Prominent players in the market are inclined towards introducing robots for the service industry. Further, these players are focused enhancing the capabilities of robotics technologies to improve the lives of people. Key players analyzed in the market are Adept Technology, Inc., Aethon Inc., Bluefin Robotics, Delaval International AB, ECA Group, Geckosystems Intl. Corp., Honda Motor Co., Ltd., Intuitive Surgical, Inc., Irobot Corporation, Kongsberg Maritime, Lely Holding S.à r.l., Northrop Grumman Corporation, and Parrot SA.

Major Regions/Countries include:

• North America
  • United States
  • Canada

• Western Europe
  • Germany
  • United Kingdom
  • Spain
  • France
  • Italy
  • Rest of Western Europe

• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe

• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • ASEAN
  • Australia
  • Rest of Asia-Pacific

• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

• Middle East and Africa (MEA)
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA

This research report on service robotics market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.