Service Robots Market: Information by Type (Personal, Domestic), Environment (Ground, Aerial), Component (Hardware and Software), Application (Domestic), and Region — Forecast till 2029

Dec 04, 2020   Market Introduction Service robots are referred to as robots designed to assist humans and perform useful work except for manufacturing and industrial automation applications. Service robots are mainly intended to operate in fully automatic or semi-automatic modes and perform various tedious tasks, thereby offering safety and high efficiency in various applications. Additionally, it also reduces work pressure and enhances productivity. The growing adoption of robots for new applications provid...
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Report Description

Market Introduction

Service robots are referred to as robots designed to assist humans and perform useful work except for manufacturing and industrial automation applications. Service robots are mainly intended to operate in fully automatic or semi-automatic modes and perform various tedious tasks, thereby offering safety and high efficiency in various applications. Additionally, it also reduces work pressure and enhances productivity.

The growing adoption of robots for new applications providing high returns on investment, the rising use of IoT in robots for cost-effective predictive maintenance, and increasing funding for research on robots are the factors fuelling the market growth. However, growing concern over data privacy and regulations hinders the market growth.

The global service robots market was valued at USD 35.5 billion, growing at a CAGR of 21.3% during the forecast period.

Service-Robots-Market

Growing Adoption of Robots for New Applications

Over the past few years, there has been significant adoption of service robots for various applications worldwide. These include; transfer of products in logistics, vacuum cleaner in the home environment, assisting humans with transportation, aerial photographing and transportation of goods, and assisting for care work in healthcare, among others. For instance, in January 2020, Hyundai Robotics has launched a mobile service robot to analyze a person's image file, recognize the camera, and provide voice responses. Additionally, in December 2018, Sberbank, in partnership with the Internet Initiative Development Fund (IIDF) has launched an intelligent robot's accelerator program, which aims to focus. Emerging areas include; human assistance, and logistics robots, among others. This trend depicts the surge in the adoption of robots across various applications to improve efficiency and perform tedious work at lesser time.

Segmental Analysis

The global service robots market has been segmented into type, environment, component, and application.

Type

On the basis of type, the global service robots have been segmented into professional, personal, and domestic.

Personal and domestic robots hold higher CAGR and are anticipated to witness growth during the forecast period. The growth is attributed to a broad offering of robots in domestic applications. These include; vacuum cleaning, pool cleaning, lawnmowers, window cleaning, and gutter cleaning. Moreover, growing robots for physically disabled people, such as walking assistance, is also one-factor propelling market growth. Furthermore, developing initiatives to offer domestic robots on a rental basis also led to the market's development. Additionally, increasing the adoption of innovative technologies such as Machine Learning and Artificial Intelligence (AI) for voice assistance escalates market growth.

Environment

The global service robot market has been segmented into aerial, ground, and marine-based on the environment.

Ground robots hold higher CAGR and are expected to witness growth during the forecast period. The growth is due to broader commercial industry applications such as; hospitality, warehouses, law enforcement, agriculture, and space research. Moreover, the surge in demand for robots in education, human assistance, entertainment, and healthcare is also one factor that fuels market growth. For instance, According to Economic Forum 2018, China and Japan have a maximum number of aging populations, which creates a necessity for human assistance robots in the region.

Component

Based on components, the global service robot market has been segmented into hardware and software.

The hardware segment holds a higher CAGR and is presumed to grow during the forecast period. The growth is attributed to a surge in innovative design required on the hardware side. Moreover, a rise in robots across various industrial verticals has created the hardware segment's demand to integrate a broad range of sensors and control circuits. Furthermore, the availability of low-cost sensors across different developing economies and increasing orders from commercial industries to enhance productivity are factors propelling the market growth for hardware. Additionally, it also led to the hardware segment's development.

Application

Based on application, the global service robots have been segmented into the domestic, medical, field, defense, rescue and security, entertainment, education and personal, public relation, inspection and maintenance, and marine.

The domestic application holds a higher CAGR and is presumed to grow during the forecast period. The growth is attributed to the decline in the cost of robots for domestic applications because of the low cost of sensors. Moreover, increasing trends for smart homes across the globe is also one factor propelling the demand for domestic robots. Also, the growing aging population and an increasing number of the community preferring the adoption of robots for household work boost domestic applications' growth.

Impact of COVID-19

The impact of COVID-19 has a devastating effect on all industry verticals globally. However, according to Interact analysis, 2020. The service robots market has witnessed a decline in growth amid pandemic COVID-19 on account of stringent regulations from the government, such as; halt of business operations, international flight, and cross-border activities. These led to disruption in supply chain and production operations across the globe. However, the demand for service post-COVID-19 is anticipated to surge due to increasing adoption for various applications such as; cleaning of hotels, airports, serving patients in hospitals, and security check, among others.

Regional Overview

North America holds the largest market share in service robots and is expected to witness gain during the forecast period. The growth is attributed to significant vendors offering service robots such as; Stryker Corporation and Starship Technologies, among others. Moreover, the early adoption of technologies to improve productivity and efficiency is also one-factor fueling market growth. Additionally, the increasing adoption of surgical robots by hospitals in the region to improve accuracy also led to the market's development. Increasing investment in robot research on account of developed economies also plays a vital role in adopting service robots in the region.

Asia-Pacific is the fastest-growing region and is presumed to grow during the forecast period. The growth is attributed to increasing investment in developing economies to improve digitization processes. For instance, in July 2020, ABB Group has opened new robots' facility in India to support the digitization of the manufacturing sector. Moreover, increasing disposable income of the people in developing economies such as; India, China, and Japan, which enables consumers to prefer domestic robots such as vacuum cleaners and dishwashers, also led to the escalation of the market.

Additionally, increasing government initiatives in developing economies such as Digital India and smart city projects is also one of the factors that escalate the region's market growth. Furthermore, the presence of the largest manufacturing sector in the region also paves the way for the adoption of service robots for various domestic and commercial applications.

Key Players

The key players in the global Service Robots market have adopted organic as well as inorganic growth strategies that include; partnerships and collaborations, product launches, mergers, and acquisitions to expand its geographical reach. Some of the prominent key players are; DeLaval International AB (Sweden), Daifuku (Japan), Cyberdyne (Japan), DJI (China), Kongsberg Maritime (Norway), Northrop Grumman (U.S.), iRobot (U.S.), SoftBank Robotics (Japan), Intuitive Surgical Inc (U.S.), Neato Robotics (U.S.), KUKA Swisslog (Germany), Lely (Netherlands), ECA Group (France), 3DR (U.S.), Stryker Corporation (U.S.), Parrot SA (France), General Electric (U.S.), Amazon Robotics (U.S.), ecoRobotix (Switzerland), GRAAL (Italy), PrecisionHawk (U.S.), Harvest Croo (U.S.), Starship Technologies (U.S.), ecoRobotix (Switzerland), GRAAL (Italy), PrecisionHawk (U.S.), Hanson Robotics (China), and UBTECH Robotics (China).

Service Robots Market: Segmentation

By Type

  • Professional
  • Personal and Domestic

By Environment

  • Aerial
  • Ground
  • Marine

By Component

  • Hardware
  • Software

By Application

  • Domestic
  • Medical
  • Field
  • Defense, Rescue, and Security Entertainment
  • Educational and Personal
  • Public Relations
  • Inspection and Maintenance
  • Logistics
  • Construction and Demolition
  • Marine

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • The U.K.
  • Italy
  • France
  • Spain
  • Germany
  • The Rest of Europe

The Middle East and Africa (MEA)

  • Saudi Arabia
  • Egypt
  • South Africa
  • The Rest of MEA

Asia-Pacific

  • India
  • China
  • Japan
  • Australia
  • South Korea
  • The Rest of Asia-Pacific

Central and South America and the Caribbean

  • Columbia
  • Brazil
  • Chile
  • Peru
  • Argentina
  • The Rest of Central and South America and the Caribbean

Frequently Asked Questions (FAQs)

Personal and Domestic Robots Segment is expected to be the leading segment in Service Robots Market during the forecast period.
DeLaval International AB, Daifuku, Cyberdyne, DJI, Kongsberg Maritime, Northrop Grumman, iRobot, SoftBank Robotics, Intuitive Surgical Inc, Neato Robotics, KUKA Swisslog, Lely, ECA Group, 3DR, Stryker Corporation, Parrot SA, General Electric, Amazon Robotics are the top players in Service Robots Market.
North America is expected to hold the highest market share in Service Robots Market.
The growing adoption of robots for new applications, the rising use of IoT in robots for cost-effective predictive maintenance, and increasing funding for research on robots are the key factors expected to drive Service Robots Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.

Market Introduction

Service robots are referred to as robots designed to assist humans and perform useful work except for manufacturing and industrial automation applications. Service robots are mainly intended to operate in fully automatic or semi-automatic modes and perform various tedious tasks, thereby offering safety and high efficiency in various applications. Additionally, it also reduces work pressure and enhances productivity.

The growing adoption of robots for new applications providing high returns on investment, the rising use of IoT in robots for cost-effective predictive maintenance, and increasing funding for research on robots are the factors fuelling the market growth. However, growing concern over data privacy and regulations hinders the market growth.

The global service robots market was valued at USD 35.5 billion, growing at a CAGR of 21.3% during the forecast period.

Service-Robots-Market

Growing Adoption of Robots for New Applications

Over the past few years, there has been significant adoption of service robots for various applications worldwide. These include; transfer of products in logistics, vacuum cleaner in the home environment, assisting humans with transportation, aerial photographing and transportation of goods, and assisting for care work in healthcare, among others. For instance, in January 2020, Hyundai Robotics has launched a mobile service robot to analyze a person's image file, recognize the camera, and provide voice responses. Additionally, in December 2018, Sberbank, in partnership with the Internet Initiative Development Fund (IIDF) has launched an intelligent robot's accelerator program, which aims to focus. Emerging areas include; human assistance, and logistics robots, among others. This trend depicts the surge in the adoption of robots across various applications to improve efficiency and perform tedious work at lesser time.

Segmental Analysis

The global service robots market has been segmented into type, environment, component, and application.

Type

On the basis of type, the global service robots have been segmented into professional, personal, and domestic.

Personal and domestic robots hold higher CAGR and are anticipated to witness growth during the forecast period. The growth is attributed to a broad offering of robots in domestic applications. These include; vacuum cleaning, pool cleaning, lawnmowers, window cleaning, and gutter cleaning. Moreover, growing robots for physically disabled people, such as walking assistance, is also one-factor propelling market growth. Furthermore, developing initiatives to offer domestic robots on a rental basis also led to the market's development. Additionally, increasing the adoption of innovative technologies such as Machine Learning and Artificial Intelligence (AI) for voice assistance escalates market growth.

Environment

The global service robot market has been segmented into aerial, ground, and marine-based on the environment.

Ground robots hold higher CAGR and are expected to witness growth during the forecast period. The growth is due to broader commercial industry applications such as; hospitality, warehouses, law enforcement, agriculture, and space research. Moreover, the surge in demand for robots in education, human assistance, entertainment, and healthcare is also one factor that fuels market growth. For instance, According to Economic Forum 2018, China and Japan have a maximum number of aging populations, which creates a necessity for human assistance robots in the region.

Component

Based on components, the global service robot market has been segmented into hardware and software.

The hardware segment holds a higher CAGR and is presumed to grow during the forecast period. The growth is attributed to a surge in innovative design required on the hardware side. Moreover, a rise in robots across various industrial verticals has created the hardware segment's demand to integrate a broad range of sensors and control circuits. Furthermore, the availability of low-cost sensors across different developing economies and increasing orders from commercial industries to enhance productivity are factors propelling the market growth for hardware. Additionally, it also led to the hardware segment's development.

Application

Based on application, the global service robots have been segmented into the domestic, medical, field, defense, rescue and security, entertainment, education and personal, public relation, inspection and maintenance, and marine.

The domestic application holds a higher CAGR and is presumed to grow during the forecast period. The growth is attributed to the decline in the cost of robots for domestic applications because of the low cost of sensors. Moreover, increasing trends for smart homes across the globe is also one factor propelling the demand for domestic robots. Also, the growing aging population and an increasing number of the community preferring the adoption of robots for household work boost domestic applications' growth.

Impact of COVID-19

The impact of COVID-19 has a devastating effect on all industry verticals globally. However, according to Interact analysis, 2020. The service robots market has witnessed a decline in growth amid pandemic COVID-19 on account of stringent regulations from the government, such as; halt of business operations, international flight, and cross-border activities. These led to disruption in supply chain and production operations across the globe. However, the demand for service post-COVID-19 is anticipated to surge due to increasing adoption for various applications such as; cleaning of hotels, airports, serving patients in hospitals, and security check, among others.

Regional Overview

North America holds the largest market share in service robots and is expected to witness gain during the forecast period. The growth is attributed to significant vendors offering service robots such as; Stryker Corporation and Starship Technologies, among others. Moreover, the early adoption of technologies to improve productivity and efficiency is also one-factor fueling market growth. Additionally, the increasing adoption of surgical robots by hospitals in the region to improve accuracy also led to the market's development. Increasing investment in robot research on account of developed economies also plays a vital role in adopting service robots in the region.

Asia-Pacific is the fastest-growing region and is presumed to grow during the forecast period. The growth is attributed to increasing investment in developing economies to improve digitization processes. For instance, in July 2020, ABB Group has opened new robots' facility in India to support the digitization of the manufacturing sector. Moreover, increasing disposable income of the people in developing economies such as; India, China, and Japan, which enables consumers to prefer domestic robots such as vacuum cleaners and dishwashers, also led to the escalation of the market.

Additionally, increasing government initiatives in developing economies such as Digital India and smart city projects is also one of the factors that escalate the region's market growth. Furthermore, the presence of the largest manufacturing sector in the region also paves the way for the adoption of service robots for various domestic and commercial applications.

Key Players

The key players in the global Service Robots market have adopted organic as well as inorganic growth strategies that include; partnerships and collaborations, product launches, mergers, and acquisitions to expand its geographical reach. Some of the prominent key players are; DeLaval International AB (Sweden), Daifuku (Japan), Cyberdyne (Japan), DJI (China), Kongsberg Maritime (Norway), Northrop Grumman (U.S.), iRobot (U.S.), SoftBank Robotics (Japan), Intuitive Surgical Inc (U.S.), Neato Robotics (U.S.), KUKA Swisslog (Germany), Lely (Netherlands), ECA Group (France), 3DR (U.S.), Stryker Corporation (U.S.), Parrot SA (France), General Electric (U.S.), Amazon Robotics (U.S.), ecoRobotix (Switzerland), GRAAL (Italy), PrecisionHawk (U.S.), Harvest Croo (U.S.), Starship Technologies (U.S.), ecoRobotix (Switzerland), GRAAL (Italy), PrecisionHawk (U.S.), Hanson Robotics (China), and UBTECH Robotics (China).

Service Robots Market: Segmentation

By Type

  • Professional
  • Personal and Domestic

By Environment

  • Aerial
  • Ground
  • Marine

By Component

  • Hardware
  • Software

By Application

  • Domestic
  • Medical
  • Field
  • Defense, Rescue, and Security Entertainment
  • Educational and Personal
  • Public Relations
  • Inspection and Maintenance
  • Logistics
  • Construction and Demolition
  • Marine

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • The U.K.
  • Italy
  • France
  • Spain
  • Germany
  • The Rest of Europe

The Middle East and Africa (MEA)

  • Saudi Arabia
  • Egypt
  • South Africa
  • The Rest of MEA

Asia-Pacific

  • India
  • China
  • Japan
  • Australia
  • South Korea
  • The Rest of Asia-Pacific

Central and South America and the Caribbean

  • Columbia
  • Brazil
  • Chile
  • Peru
  • Argentina
  • The Rest of Central and South America and the Caribbean

Frequently Asked Questions (FAQs)

Personal and Domestic Robots Segment is expected to be the leading segment in Service Robots Market during the forecast period.
DeLaval International AB, Daifuku, Cyberdyne, DJI, Kongsberg Maritime, Northrop Grumman, iRobot, SoftBank Robotics, Intuitive Surgical Inc, Neato Robotics, KUKA Swisslog, Lely, ECA Group, 3DR, Stryker Corporation, Parrot SA, General Electric, Amazon Robotics are the top players in Service Robots Market.
North America is expected to hold the highest market share in Service Robots Market.
The growing adoption of robots for new applications, the rising use of IoT in robots for cost-effective predictive maintenance, and increasing funding for research on robots are the key factors expected to drive Service Robots Market during the forecast period.
Call us, email us, or chat with us! We encourage your questions and feedback. We have a research concierge team available at all times and included in every purchase.
We will send you an email with login credentials to access the report. You will also be able to download the pdf.
Basically, choose Pay by Purchase Order when you are checking out. We will connect with you via email to set up your order.