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Service Robotics Market: Size, Share, Trends
Fortune Business Insights recently released “The Service Robotics Market Report 2024,” offering in-depth market analysis and critical insights to help clients gain a competitive edge. This comprehensive study...
Fortune Business Insights recently released “The Service Robotics Market Report 2024,” offering in-depth market analysis and critical insights to help clients gain a competitive edge. This comprehensive study delivers key findings for strategic advantage.
Service Robotics Market Share, Size & Industry Analysis, By Type (Professional and Personal) By Application (Domestic and Industrial/Commercial), and Regional Forecast, 2023-2030
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The market’s competitive landscape for service robotics market is evaluated by analyzing key industry players, their production capacities and utilization rates, service robotics marketM’s production chain, manufacturer pricing, and the revenue each manufacturer generates globally in the service robotics marketM sector.
Major companies of service robotics market:
- Ricoh (Japan)
- Honda Motor Co., Ltd. (Japan)
- iRobot Corporation (U.S.)
- KUKA AG (Germany)
- Intuitive Surgical (U.S.)
- Daifuku Co., Ltd. (Japan)
- SoftBank Robotics Group Corp. (Japan)
- Aethon (U.S.)
- Boston Dynamics (U.S.)
- Fetch Robotics, Inc. (U.S.)
Market atributes:
| Report Componant | Aspects |
| Forecast Period | 2022-2030 |
| Projected Market Value for 2022: | USD 16.35 billion |
| Forecasted Market Value for 2030: | USD 62.35 billion |
| Compound Annual Growth Rate (CAGR): | 18.4 |
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Key Drivers and restraints:
- Driver: Advancements in Artificial IntelligenceProgress in AI technology enhances the capabilities of service robots, enabling them to perform complex tasks, make autonomous decisions, and interact more effectively with humans.
- Driver: Growing Demand for AutomationThe increasing need for automation in various sectors, including healthcare, hospitality, and logistics, drives the adoption of service robots to improve efficiency and reduce operational costs.
- Driver: Aging PopulationThe rising elderly population creates a demand for service robots in healthcare and home assistance, providing support for daily activities and enhancing the quality of life for seniors.
- Restraint: High Initial CostsThe substantial initial investment required for purchasing and integrating advanced service robots can be a barrier for small and medium-sized enterprises and individual users.
- Restraint: Technological and Operational ChallengesService robots can face challenges related to technology integration, reliability, and user acceptance, which may affect their effectiveness and widespread adoption.
Regional atributes:
- North America (By Type, By Application, By Country)
- U.S. (By Type)
- Canada (By Type)
- Europe (By Type, By Application, By Country)
- Germany (By Type)
- U.K. (By Type)
- France (By Type)
- Rest of Europe (By Type)
- Asia Pacific (By Type, By Application, By Country)
- China (By Type)
- India (By Type)
- Japan (By Type)
- Southeast Asia (By Type)
- Rest of Asia Pacific (By Type)
- Middle East & Africa (By Type, By Application, By Country)
- GCC (By Type)
- South Africa (By Type)
- Rest of the Middle East and Africa (By Type)
- Latin America (By Type, By Application, By Country)
- Brazil (By Type)
- Mexico (By Type)
- Rest of South America (By Type)
Industry developments:
- November 2022 – Smart Robotics Inc. which is a designer and provider of logistics and warehouse robotics solution developed and launched a smart merchandise picker robot. This collaborative robot (Cobot) can handle lightweight merchandize such as office stationery and office supplies.
- February 2022 – Ricoh acquired Axon Ivy AG as a part of its strategic investment with an objective to expand its digital process automation capabilities.
- November 2021 – KUKA AG and MHP collaborated to work on Smart Intelligence Robotic Project Cockpit (SIRPCO).
- November 2021 – iRobot Corporation acquired Aeris Cleantec AG, an air purification company with an objective to diversify the product portfolio with air purification systems.
- June 2021 – HYUNDAI MOTOR GROUP acquired 80% stake in Boston Dynamics to strengthen its position in the field of robotics.
Table of Content :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Key Industry Developments – Merger, Acquisitions, and Partnerships
- Porter’s Five Forces Analysis
- SWOT Analysis
- Technological Developments
- Value Chain Analysis
TOC Continued…!
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