Service Robotics industry

Service Robotics industry Research Report By
Forecast 2022
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2022
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)

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Service Robotics industry Forecast To 2022
Service Robotics industry Forecast To 2022
• The global market for service robotics can attain a valuation of USD 20 Billion by 2022, says Market
Research Future (MRFR). The market is also noted to have the potential to achieve a decent growth
rate of 15% from 2016 to 2022, which is the forecast period.
• The surging need to control, manage, and monitor numerous operations in the logistics, healthcare,
household and defense sectors coupled with the increasing labor cost can favor the Service
Robotics industry in the near future. Issues faced while handling workloads, intensive operations
and day-to-day tasks have ramped up the demand for service robotics since they offer elevated
operational efficiency. The market development has been rapid in recent years, on account of
massive investments in research and development (R&D), the surge in product innovations
combined with surging consumer awareness about the benefits of service robotics.

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Service Robotics industry Forecast To 2022
“Taste the market data and market information presented through more than 50 market data tables
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TOC & market synopsis on Service Robotics industry Forecast To 2022”
• Services robotics are also gaining momentum in human assistance tasks for bringing down the work
pressure, elevate efficiency, and perform repetitive tasks with the same vigor. Government
initiatives along with numerous organizational innovations help boost the use of automated and
robotic systems, which is believed to be working in favor of the market. Professional robots have
gained immense popularity, given the mounting need for automated solutions in multiple
professional sectors. Service robotics is being integrated with advanced technologies like Artificial
Intelligence (AI) in order to improve their capabilities within the defense and logistics sector. The
logistics sector makes extensive use of service robotics to handle, transport, sort, package and
delivers products.

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Service Robotics industry Forecast To 2022
Global Service Robotics industry Segmented on the basis of
The Service Robotics industry has been examined thoroughly in the MRFR report, with respect to
segments like type and end user.
Type-based segments in the market are domestic and professional.
The end-users covered in the report are automotive, transportation, healthcare, construction, defense,
media & entertainment, security, supply and logistics, agriculture and others. Amongst all the end-user
segments, the healthcare industry has landed the top position in the Service Robotics industry. Defense,
construction and automotive industries also exhibit the potential to achieve higher growth trajectory from
the present graph in the Service Robotics industry. The defense sector makes use of service robotics in a
bid to reduce the human involvement, subsequently bringing down the number of victims.

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Service Robotics industry Forecast To 2022
Global Service Robotics industry - Geographical Analysis
• The region-wise market segmentation for service robotics includes Asia Pacific (APAC), Europe, North America
along with the Rest of the World (RoW).
• North America is the highest revenue-generating market for service robotics, in view of the fact that the
demand in the medical and healthcare sector has increased drastically in recent years. Apart from this, rising
use of service robots for education and research purposes, high return on investment (ROI), and short- to
medium-term payback period has also led the regional market to a better position on a global scale.
• Europe is the second-most lucrative market for service robotics. Some growth-inducing factors include
mounting demand for service robotics across various industries, increasing aging population and the surge in
the number of research & development activities in the robotics field.
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Service Robotics industry Forecast To 2022
Global Service Robotics industry
- Competitive Analysis
• Leading vendors in the worldwide market for service robotics include Parrot SA (France), iRobot Corporation
(U.S.), LG Electronics Inc. (South Korea), Intuitive Surgical, Inc. (U.S.), Fujitsu Frontech Limited (Japan),
GeckoSystems Intl. Corp. (U.S.), Grumman Corporation (U.S.), KUKA AG (Germany), Honda Motor Co. Ltd. (Japan),
Kongsberg Maritime AS (Norway), Samsung Electronics Co., Ltd. (South Korea), Adept Technology, Inc. (U.S.), DJI
(China), to mention a few.
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