Report Summary

The global service robotics market size was valued at USD 13.1 billion in 2017 and is anticipated to grow at a CAGR of 17.3% during the forecast period. Service robots are capable of performing useful tasks for humans excluding industrial automation applications. Service robots are designed to be partially or fully autonomous. Service robots are categorized into professional robots, and personal robots. Professional service robots assist humans in commercial areas and include delivery robots, fire-fighting robots, rehabilitation robots, and surgical robots among others.

The main features of a service robot needed in professional industries include range of motion, accuracy, speed, force compliance, and safety. For use in commercial industries, these robots require higher precision as compared to personal usage. Some emerging applications of professional robots include national security applications, agriculture & dairy farming, construction, monitoring, and others. Personal service robots are mainly used for domestic and entertainment purposes. Some latest offerings of domestic robots in the global market are Roomba, Pepper, Nao, Jibo, Leka social robot, AIBO, ASIMO, and others. These robots are equipped with advanced features such as emotional sensors, artificial intelligence, virtual reality, augmented reality, knowledge sharing, machine vision, force sensing, speech recognition, and artificial intelligence.

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The adoption of service robotics solutions increases production efficiency, reduces operational costs, and enhances workforce safety. Major technology giants such as Alphabet Inc., Amazon.com, Inc., Qualcomm Incorporated, and others have focused on innovation of service robots to spread awareness and accelerate the market growth. Funding initiatives from DARPA, the U.S. Department of Agriculture (USDA), the Department of Defense (DOD), and the Department of Energy (DOE), SPARC Robotics, and other government and private organizations to propel the growth of defense, research & exploration, healthcare, and other sectors is expected to drive the growth of the service robotics industry. The increasing penetration of smartphones, and mobile & wireless technologies, growing adoption of cloud computing, smart home applications, multimedia consumption pattern, and digital devices have fueled the market growth. Growth of the e-commerce & retail industry, rising trend of automation in the construction sector, advancement in wireless technologies & cloud applications would further supplement the market growth.

Segment Analysis

The global Service Robotics market is segmented on the basis of type, component, environment, end-user, and region. On the basis of type, the market is segmented into professional and personal service robotics. In 2018, the professional service robotics segment dominated the global market. The demand from the defense sector is on a rise due to ability of service robots to efficiently perform tasks such as carrying equipment for dismounted soldiers, rescuing wounded soldiers, surveillance, assistance in battle field, stand sentry duty, searching for bombs, detect & neutralize mines, and others.

Based on component, the service robotics industry is segmented into hardware, software, and services. In 2018, the hardware segment dominated the global service robotics industry. The hardware segment accounted for the highest share owing to significant use of hardware equipment such as sensors, cameras, switches, relays, dimmers, storage devices, monitors, thermostats, valves, actuators, and pumps among others. The environment segment of the service robotics industry is divided into ground based, aerial, and marine.

The end-user segment of the market is divided into healthcare, agriculture, construction, defense, logistics and transportation, domestic, entertainment, and others. The adoption of service robots in hospitals, clinics, and pharmaceutical companies has increased owing to growing need for automation, and increased need for safety and efficiency of drug delivery, patient care, and inventory management in hospitals. Healthcare service robots are used in a wide range of applications such as surgery, diagnostics, physical & mental therapy, prosthetics, and monitoring hospitals.

Service Robotics Market Scope

By Type By Component By Environment By End User By Region Professional Service Robotics

Personal Service Robotics Hardware

Software

Services Ground Based

Aerial

Marine Healthcare

Agriculture

Construction

Defense

Logistics & Transportation

Domestic

Entertainment

Others North America (U.S, Canada)

Europe (Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands, Rest of Europe)

Asia Pacific (China, India, Japan,Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines)

Latin America (Brazil, Mexico, Argentina, Rest of LATAM)

Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA)

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Regional Analysis

The report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., and Canada. Europe is divided into Germany, UK, France, Italy, Spain, Belgium, Russia, Netherlands, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, Korea, Singapore, Malaysia, Indonesia, Thailand, Philippines and Rest of Asia-Pacific. Europe accounted for the largest share in the Global market in 2017. Europe primarily uses service robots in its field sector due to rising automation in the agriculture, milking, and forestry sectors. Europe has a strong market for agriculture, transport, logistics, and construction. Leading countries with high robot density include Germany, Finland, Italy, and Sweden.

Competitive Landscape

The leading players in the report include Intuitive Surgical, Inc., Adept Technology, Inc., Irobot Corporation, Kuka AG, Aethon Inc., Bluefin Robotics, GeckoSystems Intl. Corp., Panasonic Corporation, Yujin Robot, Co., Ltd., Robert Bosch GmbH, Parrot SA, and Kongsberg Maritime. These leading players in the market are introducing innovative products in the market to cater to the consumers. Global players are entering new markets in developing regions to expand their customer base and strengthen presence in the service robotics market.