Service Robotics Market is Booming Market Growing by 2026 with Top Key Players: Panasonic Corporation, YUJIN ROBOT CO LTD, SAMSUNG, SoftBank Robotics

Global Service Robotics Market

Global service robotics market is expected to rise to an estimated value of USD 55.72 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in demand for automation services and products from the various developing regions of the world.

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Major Key players profiled in this report are:

Parrot Drones SAS; GeckoSystems Intl. Corp.; KUKA AG; DJI; Omron Corporation; Alibaba Group Holding Limited; Lely; Honda Motor Co., Ltd.; Kongsberg Maritime; DeLaval Inc.; iRobot.in; Intuitive Surgical; ECA GROUP; Northrop Grumman Corporation; Aethon; Daifuku Co., Ltd.; Cal-Comp Technology(Philippines), Inc.; General Dynamics Mission Systems, Inc.; Seegrid Corporation; Kollmorgen; Dematic; Knightscope, Inc.; JBT; Smith & Nephew; Murata Machinery, Ltd.; SSI SCHAEFER AG; Grenzebach Group; Stryker; Bastian Solutions, Inc.; Panasonic Corporation; YUJIN ROBOT CO., LTD; SAMSUNG; SoftBank Robotics; Robert Bosch GmbH and ECOVACS.

Market Definition:

Service Robotics Market are basically assistance-focused robots which are developed with a focus on operating on the same task repeatedly. These robots are employed majorly because the task is dull or dangerous giving rise to risks towards the life of employees. These robots are designed as autonomous robots and are used for tasks excluding industrial automation and are categorized based on the tasks they perform.

Major Market Drivers:

  • Rapid rise in the adoption and application areas of service robotics is expected to increase its demand and positively affect the growth of the market
  • High return on investments within a short period of time with the adoption of these robots amid increasing costs of human labour; this factor is expected to drive the growth of the market
  • Increasing usage and demand of these robots for self-defence and military applications is expected to positively drive the growth of the market

Market Restraints:

  • Requirement of large capital funding for the development and high cost of R&D expenditure are factors restraining the growth of the market
  • Lack of experience in a number of environments and areas where the need for safe working environment is of utmost importance is expected to restrain the growth of the market growth

Table of Contents:

  1. Introduction
  2. Market Segmentation
  3. Market Overview
  4. Executive Summary
  5. Premium Insights
  6. Global, By Component
  7. Product Type
  8. Delivery
  9. Industry Type
  10. Geography
  11. Company Landscape
  12. Company Profiles
  13. Related Reports

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Top players and brands are analysed with respect to their actions such as developments, product launches, acquisitions, mergers, joint ventures and competitive research in the market. This report is a wonderful guide to achieve an information or key data about market, emerging trends, product usage, motivating factors for customers, competitor strategies, brand positioning, customer preferences, and customer behaviour. This market research report gives wide-ranging analysis of the market structure along with evaluations of the various segments and sub-segments of the market.It is a meticulous analysis of existing scenario of the market, which covers several market dynamics.

Market Segmentation:  

By Type (Professional Service Robots, Personal Service Robots)

By Operating Environment (Marine, Aerial, Ground-Based)

By Application (Professional Application, Personal Application)

By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Reasons to Purchase this Report:

  • Current and future of Global Service Robotics Market outlook in the developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

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