Service Robotics Market - By Component (Robots, Peripherals), By Robots (Professional, Personal Household, Entertainment) & Forecast, 2023

Description

List of Tables

Global Service Robotics Market will witness over 25% CAGR between 2023 and 2032. The heightened demand can be attributed to a surge in alliances and partnerships among industry leaders. For instance, in November 2023, Global Robotics Services (GRS), the robotics division of GLP, unveiled a strategic partnership with Brysdales Intralogistics, a storage solutions provider, to deploy its Robotics-as-a-Service (RaaS) solution in warehouses across the UK. Under this collaboration, GRS will collaborate with Brysdales to provide access to its suite of robotic solutions focused on enhancing warehouse productivity for clients. The RaaS model enables customers to embrace automation at a lower initial cost, effectively minimizing overall capital expenditure for businesses seeking to integrate robots into their facilities. This initiative facilitates smaller enterprises in harnessing the advantages of automation by offering more affordable robotic solutions.

Collaboration between key companies fosters technological innovation and enhances the development of cutting-edge robotic solutions. These strategic partnerships leverage the strengths of each participant, leading to the creation of more sophisticated and diversified robotic products. Shared resources and expertise accelerate the service robotics market growth, providing consumers with a broader range of applications and improved robotic capabilities. The rising number of alliances reflects a collective effort to address complex challenges, fueling increased demand for service robotics as companies pool their strengths in a collaborative quest for technological excellence.

The overall Service Robotics Market is classified based on components, robots, and region.

Peripherals segment will experience significant expansion from 2023 to 2032. The demand for peripherals in service robots is propelled by the need for enhanced functionality and versatility in various industries. These robotic systems, designed to perform specific tasks or provide support services, require diverse peripherals to optimize their performance. Industries such as healthcare, manufacturing, and logistics seek peripherals like advanced sensors, grippers, and vision systems to augment the capabilities of service robots, meeting the evolving requirements for automation and efficiency in diverse applications.

Personal robots segment will register a noteworthy CAGR from 2023 to 2032, driven by the desire for convenience, assistance, and companionship. As technology advances, personal robots have become more sophisticated, offering functionalities such as home automation, entertainment, and even social interaction. An increasing aging population, in line with busy lifestyles, fuels the demand for robots that can assist with daily tasks and provide companionship. Additionally, the affordability and accessibility of personal robots contribute to their rising popularity among consumers seeking innovative solutions for modern living.

Asia Pacific service robotics market will showcase an appreciable CAGR from 2023 to 2032. Rising industrialization, increasing demand for automation in various sectors, and a growing aging population are driving the adoption of service robots. Countries in the region, such as China and Japan, are investing significantly in robotics and artificial intelligence, fostering innovation and market growth. Additionally, the COVID-19 pandemic has accelerated the acceptance of robots in healthcare, logistics, and other industries, further boosting the market size in the Asia Pacific.

Product Code: 130

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation.
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources.
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Service robotics market 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Component trends
2.5 Robot trends

Chapter 3 Service Robotics Market Industry Insights

3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch and innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Increasing Government Initiatives and Investments in Robot Manufacturing Companies
  - 3.10.1.2 Increasing Demand for Autonomous Last-mile Delivery
  - 3.10.1.3 Growing Adoption of Collaborative Robots (Cobots)
  - 3.10.1.4 Huge Growth in the E-commerce & Online Food Industry
  - 3.10.1.5 Growth in the Hospitality and Healthcare Industries
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 High Initial Investments Limiting the Entry of New Players into the Market.
  - 3.10.2.2 Lack of Skilled Workforce
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Intuitive Surgical, Inc
- 4.3.2 DJI
- 4.3.3 KUKA AG
- 4.3.4 Daifuku Co., Ltd.
- 4.3.5 iRobot Corporation
- 4.3.6 Honda Motor Co. Ltd.
- 4.3.7 ABB
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Service Robotics Market Estimates & Forecast, By Component (Revenue)

5.1 Key trends, by component
5.2 Robot
5.3 Peripherals

Chapter 6 Service Robotics Market Estimates & Forecast, By Robot (Revenue) (Units)

6.1 Key trends, by Robot
6.2 Professional Robot
- 6.2.1 Defense
- 6.2.2 Medical
- 6.2.3 Transportation and Logistics
- 6.2.4 Field
- 6.2.5 Hospitality
- 6.2.6 Professional Cleaning
- 6.2.7 Robots for public environment
- 6.2.8 Others
6.3 Personal Robot
- 6.3.1 Household
- 6.3.2 Entertainment

Chapter 7 Service Robotics Market Estimates & Forecast, By Region (Revenue) (Units)

7.1 Key trends, by region
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 UK
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Rest of Europe
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 India
- 7.4.3 Japan
- 7.4.4 South Korea
- 7.4.5 ANZ
- 7.4.6 Rest of Asia Pacific
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Rest of Latin America
7.6 MEA
- 7.6.1 UAE
- 7.6.2 Saudi Arabia
- 7.6.3 South Africa
- 7.6.4 Rest of MEA

Chapter 8 Company Profiles

8.1 ABB
8.2 Aethon
8.3 Daifuku
8.4 DeLaval
8.5 DJI
8.6 ECA Group
8.7 Honda Motor Co. Ltd.
8.8 Intuitive Surgical, Inc
8.9 iRobot Corporation
8.10 Kongsberg Maritime
8.11 KUKA AG
8.12 Lely
8.13 Neato Robotics
8.14 Panasonic Corporation
8.15 Parrot SA
8.16 Softbank Robotics Group
8.17 Stryker Corporation
8.18 Yujin Robot