1. Market Research
  2. > Manufacturing Market Trends

Service Robotics Market Analysis By Application (Professional, Personal) And Segment Forecasts To 2020

  • May 2016
  • 84 pages
  • Grand View Research
Report ID: 3339624

Summary

Table of Contents

The global service robotics market is expected to reach USD 15.69 billion by 2020. Government initiatives and investments supporting development of service robotics in countries such as Japan and U.S. is expected to favorably impact market growth. Extensive use in defense and military applications, coupled with a projected steady demand from these domains is expected to drive the service robotics market over the forecast period.

Capability of service robots to offer sustainable medical provision without affecting quality of care has made healthcare a lucrative field for service robotics. Reluctance of substituting manual labor with service robots in traditional field operations is expected to pose a challenge to market growth.

Further Key findings from the study suggest:

Global service robotics demand was 4.1 million units in 2013 and is expected to exceed 18 million units by 2020, growing at a CAGR of 23.7% from 2014 to 2020.

Personal robots led the market in terms of volume in 2013; professional robots generated greater revenue owing to their high unit cost as compared to that of their counterparts. Professional service robots accounted for over 70% of the global revenue in 2013.

Military and defense robots dominated professional applications in terms of volume, accounting for over 40% of the total shipments in 2013, followed by medical robots. Medical robots contributed to majority of the market revenue in 2013 on account of higher unit cost as compared to defense robots. Among personal applications, household accounted for a higher market share as compared to entertainment, both in terms of volume and revenue.

North America dominated the service robotics market in 2013, accounting for more than 35% of the overall market volume, followed by Asia Pacific and Europe. Japan and the U.S. constitute the key markets for service robots.

The industry is characterized by a high degree of competition between industrial robot manufacturers and specialized service robot manufacturers. Fujisoft, GeckoSystems, Honda Motors, Intuitive Surgical, and iRobot are key companies manufacturing service robots. Apple, Amazon, and Google have also shown an inclination to enter the market by making significant investments.

For the purpose of this study, Grand View Research has segmented the global service robotics market on the basis of application and region:

Service Robotics Application Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2020)
- Professional Robots
- Defense
- Field
- Medical
- Logistics
- Mobile Platforms
- Underwater Systems
- Construction & Demolition
- Others
- Personal Robots
- Entertainment
- Household
Service Robotics Regional Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2020)
- North America
- Europe
- Asia Pacific
- RoW

Please note: this report requires certain updates. We have all the information available but require 2 business days to complete the process and ensure it is as up-to-date as possible.


Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Top Robotics Market by Industrial Robotics, Service Robotics - Global Forecast to 2022

  • $ 5650
  • Industry report
  • February 2017
  • by MarketsandMarkets

“The market of top industrial robotics expected to grow at a significant rate during the forecast period” The industrial robotics segment of top robotics market is expected to grow at a CAGR of 11.92% ...

The 2018-2023 World Outlook for Service Robots

  • $ 995
  • Industry report
  • April 2017
  • by ICON Group

This study covers the world outlook for service robots across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the ...

Robotics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022

  • $ 1500
  • Industry report
  • May 2017
  • by International Market Analysis Research and Consult

Robots are machines which can be programmed to perform certain routine tasks on command. They are faster, more precise and consistent than human beings and thereby offer increased efficiency and productivity. ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.