Service Robotics Market: Historic Industry Size and Analysis of 15 Vendors and 7 Countries - Technavio

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Nov 28, 2022, 08:00 ET

NEW YORK, Nov. 28, 2022 /PRNewswire/ -- The service robotics market size is forecast to increase by USD 48788.55 million from 2022 to 2027, at a CAGR of 22.75%, according to the recent market study by Technavio. The growth of the market will be driven by the growing demand for robotic automation processes, the increasing adoption of robotics in diverse application fields, and the increasing use of IoT in robots for cost-effective predictive maintenance.

Technavio has announced its latest market research report titled Global Service Robotics Market 2023-2027

Technavio categorizes the service robotics market as a part of the industrial machinery market, which covers companies engaged in manufacturing industrial machinery and components including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.

Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Technavio has extensively analyzed 15 major vendors, including AB Electrolux, AMP Robotics Corp., Blue Ocean Robotics, Cyberdyne Inc., Daifuku Co. Ltd., Diligent Robotics Inc., Exyn Technologies, Guangzhou XAG Co. Ltd., Harvest CROO Robotics LLC, Intuitive Surgical Inc., Irobot Corp., Kongsberg Gruppen ASA, Samsung Electronics Co. Ltd., Singapore Technologies Engineering Ltd., SoftBank Group Corp.

Key Benefits for Industry Players & Stakeholders –

The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Expand operations in the future - To get requisite details, ask for a custom report.

Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers (purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.

Download the sample to get a holistic overview of the service robotics market by industry experts to evaluate and develop growth strategies.

The market is segmented by application (professional robots and personal robots), environment (ground, aerial, and marine), and geography (APAC, North America, Europe, the Middle East and Africa, and South America).

Segmentation by Application (Inclusion/Exclusion)

Inclusion:

Professional robots:

The professional robots segment grew gradually by USD 6904.24 million in 2017 and continued to grow till 2021. Professional robots are currently going through a technological revolution. Significant advances have been made in terms of robotic capabilities, which are further propelled by breakthroughs in machine learning, artificial intelligence, adaptive computing, and vision systems. In addition, increasing investments in 5G telecom services and AI processors are expected to aid in the growth of the professional robots segment during the forecast period.

To get detailed insights about inclusions and exclusions, buy report.

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What are the key data covered in service robotics market?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the service robotics market between 2023 and 2027
Precise estimation of the size of the service robotics market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of service robotics market vendors

Service Robotics Market Scope
Report Coverage	Details
Page number	158
Base year	2022
Historical year	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 22.75%
Market growth 2023-2027	USD 48788.55 million
Market structure	Fragmented
YoY growth (%)	20.48
Regional analysis	APAC, Europe, North America, the Middle East and Africa, and South America
Performing market contribution	APAC at 40%
Key consumer countries	US, China, Japan, South Korea, and Germany
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	AB Electrolux, AMP Robotics Corp., Blue Ocean Robotics, Cyberdyne Inc., Daifuku Co. Ltd., Diligent Robotics Inc., Exyn Technologies, Guangzhou XAG Co. Ltd., Harvest CROO Robotics LLC, Intuitive Surgical Inc., Irobot Corp., Kongsberg Gruppen ASA, Samsung Electronics Co. Ltd., Singapore Technologies Engineering Ltd., SoftBank Group Corp.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents:

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Environment
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global service robotics market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global service robotics market 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Environment Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Environment Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments

Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application

Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application

6.3 Professional robots - Market size and forecast 2022-2027

Exhibit 34: Chart on Professional robots - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Professional robots - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Professional robots - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Professional robots - Year-over-year growth 2022-2027 (%)

6.4 Personal robots - Market size and forecast 2022-2027

Exhibit 38: Chart on Personal robots - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Personal robots - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Personal robots - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Personal robots - Year-over-year growth 2022-2027 (%)

6.5 Market opportunity by Application

Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Environment

7.1 Market segments

Exhibit 43: Chart on Environment - Market share 2022-2027 (%)
Exhibit 44: Data Table on Environment - Market share 2022-2027 (%)

7.2 Comparison by Environment

Exhibit 45: Chart on Comparison by Environment
Exhibit 46: Data Table on Comparison by Environment

7.3 Ground - Market size and forecast 2022-2027

Exhibit 47: Chart on Ground - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Ground - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Ground - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Ground - Year-over-year growth 2022-2027 (%)

7.4 Aerial - Market size and forecast 2022-2027

Exhibit 51: Chart on Aerial - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Aerial - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Aerial - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Aerial - Year-over-year growth 2022-2027 (%)

7.5 Marine - Market size and forecast 2022-2027

Exhibit 55: Chart on Marine - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Marine - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Marine - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Marine - Year-over-year growth 2022-2027 (%)

7.6 Market opportunity by Environment

Exhibit 59: Market opportunity by Environment ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison

9.3 APAC - Market size and forecast 2022-2027

Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.4 Europe - Market size and forecast 2022-2027

Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.5 North America - Market size and forecast 2022-2027

Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027

Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027

Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 Japan - Market size and forecast 2022-2027

Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.11 Germany - Market size and forecast 2022-2027

Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.12 South Korea - Market size and forecast 2022-2027

Exhibit 101: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on South Korea - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on South Korea - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 106: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 108: Overview on factors of disruption

11.4 Industry risks

Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 110: Vendors covered

12.2 Market positioning of vendors

Exhibit 111: Matrix on vendor position and classification

12.3 AB Electrolux

Exhibit 112: AB Electrolux - Overview
Exhibit 113: AB Electrolux - Business segments
Exhibit 114: AB Electrolux - Key news
Exhibit 115: AB Electrolux - Key offerings
Exhibit 116: AB Electrolux - Segment focus

12.4 AMP Robotics Corp.

Exhibit 117: AMP Robotics Corp. - Overview
Exhibit 118: AMP Robotics Corp. - Product / Service
Exhibit 119: AMP Robotics Corp. - Key offerings

12.5 Blue Ocean Robotics

Exhibit 120: Blue Ocean Robotics - Overview
Exhibit 121: Blue Ocean Robotics - Product / Service
Exhibit 122: Blue Ocean Robotics - Key offerings

12.6 Cyberdyne Inc.

Exhibit 123: Cyberdyne Inc. - Overview
Exhibit 124: Cyberdyne Inc. - Product / Service
Exhibit 125: Cyberdyne Inc. - Key offerings

12.7 Daifuku Co. Ltd.

Exhibit 126: Daifuku Co. Ltd. - Overview
Exhibit 127: Daifuku Co. Ltd. - Business segments
Exhibit 128: Daifuku Co. Ltd. - Key news
Exhibit 129: Daifuku Co. Ltd. - Key offerings
Exhibit 130: Daifuku Co. Ltd. - Segment focus

12.8 Diligent Robotics Inc.

Exhibit 131: Diligent Robotics Inc. - Overview
Exhibit 132: Diligent Robotics Inc. - Product / Service
Exhibit 133: Diligent Robotics Inc. - Key offerings

12.9 Exyn Technologies

Exhibit 134: Exyn Technologies - Overview
Exhibit 135: Exyn Technologies - Product / Service
Exhibit 136: Exyn Technologies - Key offerings

12.10 Intuitive Surgical Inc.

Exhibit 137: Intuitive Surgical Inc. - Overview
Exhibit 138: Intuitive Surgical Inc. - Product / Service
Exhibit 139: Intuitive Surgical Inc. - Key offerings

12.11 Irobot Corp.

Exhibit 140: Irobot Corp. - Overview
Exhibit 141: Irobot Corp. - Product / Service
Exhibit 142: Irobot Corp. - Key offerings

12.12 Kongsberg Gruppen ASA

Exhibit 143: Kongsberg Gruppen ASA - Overview
Exhibit 144: Kongsberg Gruppen ASA - Business segments
Exhibit 145: Kongsberg Gruppen ASA - Key news
Exhibit 146: Kongsberg Gruppen ASA - Key offerings
Exhibit 147: Kongsberg Gruppen ASA - Segment focus

12.13 Northrop Grumman Corp.

Exhibit 148: Northrop Grumman Corp. - Overview
Exhibit 149: Northrop Grumman Corp. - Business segments
Exhibit 150: Northrop Grumman Corp. - Key news
Exhibit 151: Northrop Grumman Corp. - Key offerings
Exhibit 152: Northrop Grumman Corp. - Segment focus

12.14 Samsung Electronics Co. Ltd.

Exhibit 153: Samsung Electronics Co. Ltd. - Overview
Exhibit 154: Samsung Electronics Co. Ltd. - Business segments
Exhibit 155: Samsung Electronics Co. Ltd. - Key news
Exhibit 156: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 157: Samsung Electronics Co. Ltd. - Segment focus

12.15 Singapore Technologies Engineering Ltd.

Exhibit 158: Singapore Technologies Engineering Ltd. - Overview
Exhibit 159: Singapore Technologies Engineering Ltd. - Business segments
Exhibit 160: Singapore Technologies Engineering Ltd. - Key offerings
Exhibit 161: Singapore Technologies Engineering Ltd. - Segment focus

12.16 Tetra Laval S.A.

Exhibit 162: Tetra Laval S.A. - Overview
Exhibit 163: Tetra Laval S.A. - Business segments
Exhibit 164: Tetra Laval S.A. - Key offerings
Exhibit 165: Tetra Laval S.A. - Segment focus

12.17 YUJIN ROBOT Co. Ltd.

Exhibit 166: YUJIN ROBOT Co. Ltd. - Overview
Exhibit 167: YUJIN ROBOT Co. Ltd. - Product / Service
Exhibit 168: YUJIN ROBOT Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 169: Inclusions checklist
Exhibit 170: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 171: Currency conversion rates for US$

13.4 Research methodology

Exhibit 172: Research methodology
Exhibit 173: Validation techniques employed for market sizing
Exhibit 174: Information sources

13.5 List of abbreviations

Exhibit 175: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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