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Service Robotics Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR71071
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The service robotics market has the potential to grow by USD 35.27 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 22.58%.

This service robotics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (professional robots and personal robots) and geography (APAC, Europe, North America, MEA, and South America). The service robotics market report also offers information on several market vendors, including CYBERDYNE Inc., Daifuku Co. Ltd., DeLaval International AB, Exyn Technologies, Intuitive Surgical Inc., Irobot Corp., Kongsberg Gruppen ASA, Northrop Grumman Corp., SoftBank Robotics Group Corp., and SZ DJI Technology Co. Ltd. among others.

What will the Service Robotics Market Size be in 2021?

Service Robotics Market Size

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Service Robotics Market: Key Drivers and Trends

The growing demand for robotic automation processes is notably driving the service robotics market growth, although factors such as high cost associated with robotic systems may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the service robotics industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This service robotics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Service Robotics Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • CYBERDYNE Inc.
  • Daifuku Co. Ltd.
  • DeLaval International AB
  • Exyn Technologies
  • Intuitive Surgical Inc.
  • Irobot Corp.
  • Kongsberg Gruppen ASA
  • Northrop Grumman Corp.
  • SoftBank Robotics Group Corp.
  • SZ DJI Technology Co. Ltd.

 

The vendor landscape of the service robotics market entails successful business strategies deployed by the vendors. The service robotics market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the service robotics market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Service Robotics Market?

Service Robotics Market Market segmentation by region

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44% of the market's growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for service robotics in APAC. 

The report offers an up-to-date analysis of the geographical composition of the market. APAC has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increasing adoption of robotics in diverse fields of application will facilitate the service robotics market growth in APAC over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Application Segments in the Service Robotics Market?

Service Robotics Market Segmentation

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The service robotics market share growth by the professional robots segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the service robotics market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Service Robotics Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 22.58%

Market growth 2021-2025

$ 35.27 billion

Market structure

Fragmented

YoY growth (%)

16.23

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 44%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

CYBERDYNE Inc., Daifuku Co. Ltd., DeLaval International AB, Exyn Technologies, Intuitive Surgical Inc., Irobot Corp., Kongsberg Gruppen ASA, Northrop Grumman Corp., SoftBank Robotics Group Corp., and SZ DJI Technology Co. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

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What are the Key Factors Covered in this Service Robotics Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive service robotics market growth during the next five years
  • Precise estimation of the service robotics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the service robotics market across APAC, Europe, North America, MEA, and South America 
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of service robotics market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Professional robots - Market size and forecast 2020-2025
    • Personal robots - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • CYBERDYNE Inc.
      • Daifuku Co. Ltd.
      • DeLaval International AB
      • Exyn Technologies
      • Intuitive Surgical Inc.
      • Irobot Corp.
      • Kongsberg Gruppen ASA
      • Northrop Grumman Corp.
      • SoftBank Robotics Group Corp.
      • SZ DJI Technology Co. Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Service Robotics market growth will increase by $35270.47 million during 2020-2025.
      The service robotics market is expected to grow at a CAGR of 22.58% during 2020-2025.
      Technavio has segmented the service robotics market by application (Professional robots and Personal robots) and geographic (APAC, Europe, North America, MEA, and South America).
      CYBERDYNE Inc., Daifuku Co. Ltd., DeLaval International AB, Exyn Technologies, Intuitive Surgical Inc., Irobot Corp., Kongsberg Gruppen ASA, Northrop Grumman Corp., SoftBank Robotics Group Corp., SZ DJI Technology Co. Ltd. are a few of the key vendors in the service robotics market.
      APAC will register the highest growth rate of 44.26% among the other regions. Therefore, the service robotics market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Japan
      • Germany
      • South Korea (Republic of Korea)
      The key factors driving the service robotics market growth are:
      • Growing demand for robotic automation processes
      The service robotics market vendors should focus on grabbing business opportunities from the professional robots segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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