driven by a revised compounded annual growth rate (CAGR) of 20. 2%. Professional, one of the segments analyzed and sized in this study, is forecast to grow at over 21% and reach a market size of US$37.
New York, June 06, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Service Robotics Industry" - https://www.reportlinker.com/p0305182/?utm_source=GNW
8 Billion by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Professional market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 17.8% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$1.5 Billion to the region’s size over the next 7 to 8 years. In addition, over US$1.3 Billion worth of projected demand in the region will come from Rest of European markets. In Japan, the Professional segment will reach a market size of US$1.4 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Service Robotics market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 28.1% over the next couple of years and add approximately US$6.6 Billion in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Service Robotics market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others, Aethon Inc.; Hanool Robotics Corp.; Honda Motors Co. Ltd.; Husqvarna AB; Iberobotics S.L.; Intuitive Surgical Inc.; iRobot Corporation; KUKA Aktiengesellschaft; LG Electronics; RedZone Robotics; RoboBuilder Co. Ltd.; ROBOSOFT; Samsung Electronics Co., Ltd.; SeaRobotics Corporation; Toyota Motor Corporation; WowWee Group Limited; Yujin Robot Co. Ltd.; Zucchetti Group
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Robots: The Marvels of Modern Engineering
Cost-Benefit Ratio
Recent Market Activity
Service Robotics: The New Emerging Frontier
Outlook
Developing Countries to Spur Future Market Growth
Professional Service Robots Leads the Service Robotics Market
Competitive Landscape
Funding in Robotics Companies Continues to Grow
Innovative Companies in Service Robotics Market
Challenges Confronting Service Robotics Market
Global Competitor Market Shares
Service Robotics Competitor Market Share Scenario Worldwide
(in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Aethon, Inc. (USA)
Gecko International Corporation (USA)
Hanool Robotics Corp. (Korea)
Honda Motors Co., Ltd. (Japan)
Husqvarna AB (Sweden)
Iberobotics S.L. (Spain)
Intuitive Surgical, Inc. (USA)
iRobot Corporation (USA)
KUKA Aktiengesellschaft (Germany)
LG Electronics, Inc. (South Korea)
RedZone Robotics (USA)
RoboBuilder Co., Ltd. (South Korea)
ROBOSOFT (France)
SeaRobotics Corporation (USA)
SeaRobotics Corporation (USA)
Toyota Motor Corporation (Japan)
Yujin Robot Co., Ltd. (South Korea)
WowWee Group Limited (Hong Kong)
Zucchetti Group (Italy)
3. MARKET TRENDS & DRIVERS
Professional Service Robots - Largest Revenue Contributor for
Service Robotics Market
Defense Applications: A Key Volume Contributor for Professional
Service Robots
Medical Applications: A Promising Market for Professional
Service Robotics Market
Field Applications Drive Growth in Professional Service
Robotics Market
Robot Usage in Logistics Sector Gains Momentum
Service Robots Take the Role of Assistants at Airports
Humanoid Robots for Personalized & Interactive Experience in Banks
Robotics in Hospitality Industry - Promising Future Ahead
Shortage of Labor for Dangerous Jobs to Drive Demand for the
Bionic Man
Personal Robots Lead Charge in Service Robotics Market by Volume
Expanding Application Possibilities Broadens the Market
Aging Population Lends Traction to Eldercare-Assistive Robots
Handicap Assistance Robots - A Key Opportunity
Robot Companions - A Major Draw
Despite Uncertainty over Acceptance, Companies Look to Launch
Social Robots
Sales of Mobile Robots on the Rise
Robotic Vacuum Cleaners Market for Home Use: Promising Growth
Opportunities
Personal Robots Market Moves towards Open Software Platform
Growing Value Proposition Augurs Well for the Future of Service
Robotics Market
Technology Innovation Spurs Growth
Customizable & Networked Robots: Emerging Revenue Spinners
Artificial Intelligence Set to Transform Service Robotics Market
Collaborative Robots to Drive Growth in the Non-Industrial
Robots Market
Robotics-As-A-Service (RaaS): The New Business Model
Open Source Software System Gains Prominence
Support Infrastructure: A Non-Technical Challenge for Service
Robotics
Service Robotics Need Acceptance in Society
Growing Clout of Tertiary Sector Throws Spotlight on Service
Robots
Technical Issues & Failure to Meet Performance Expectations
Plague Recent Robot Launches
Expectations Plague Recent Robot Launches
Dismal Performance of Robots in Restaurants
Faulty Operations Fails Robot
Twitter Bot Turns Racist
Robot Escaping from Lab
Facial Recognition Software Rejects Online Application
Safety: A Key Issue
4. GLOBAL MARKET PERSPECTIVE
Table 1: Service Robotics Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
Table 2: Service Robotics Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
Table 3: Service Robotics Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
Table 4: Professional (Category) World Market by Region/Country in US$ Million: 2020 to 2027
Table 5: Professional (Category) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
Table 6: Professional (Category) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
Table 7: Personal (Category) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
Table 8: Personal (Category) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
Table 9: Personal (Category) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Service Robotics Market Share (in %) by Company: 2020 & 2025
Market Analytics
Table 10: United States Service Robotics Market Estimates and Projections in US$ Million by Category: 2020 to 2027
Table 11: Service Robotics Market in the United States by Category: A Historic Review in US$ Million for 2012-2019
Table 12: United States Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
CANADA
Table 13: Canadian Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
Table 14: Canadian Service Robotics Historic Market Review by Category in US$ Million: 2012-2019
Table 15: Service Robotics Market in Canada: Percentage Share Breakdown of Sales by Category for 2012, 2020, and 2027
JAPAN
Table 16: Japanese Market for Service Robotics: Annual Sales
Estimates and Projections in US$ Million by Category for the
Period 2020-2027
Table 17: Service Robotics Market in Japan: Historic Sales Analysis in US$ Million by Category for the Period 2012-2019
Table 18: Japanese Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
CHINA
Table 19: Chinese Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2020-2027
Table 20: Service Robotics Historic Market Analysis in China in US$ Million by Category: 2012-2019
Table 21: Chinese Service Robotics Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Service Robotics Market: Competitor Market Share
Scenario (in %) for 2020 & 2025
Market Analytics
Table 22: European Service Robotics Market Demand Scenario in US$ Million by Region/Country: 2020-2027
Table 23: Service Robotics Market in Europe: A Historic Market
Perspective in US$ Million by Region/Country for the Period
2012-2019
Table 24: European Service Robotics Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
Table 25: European Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020-2027
Table 26: Service Robotics Market in Europe in US$ Million by Category: A Historic Review for the Period 2012-2019
Table 27: European Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
FRANCE
Table 28: Service Robotics Market in France by Category:
Estimates and Projections in US$ Million for the Period
2020-2027
Table 29: French Service Robotics Historic Market Scenario in US$ Million by Category: 2012-2019
Table 30: French Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
GERMANY
Table 31: Service Robotics Market in Germany: Recent Past,
Current and Future Analysis in US$ Million by Category for the
Period 2020-2027
Table 32: German Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
Table 33: German Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
ITALY
Table 34: Italian Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2020-2027
Table 35: Service Robotics Historic Market Analysis in Italy in US$ Million by Category: 2012-2019
Table 36: Italian Service Robotics Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
Table 37: United Kingdom Market for Service Robotics: Annual
Sales Estimates and Projections in US$ Million by Category for
the Period 2020-2027
Table 38: Service Robotics Market in the United Kingdom:
Historic Sales Analysis in US$ Million by Category for the
Period 2012-2019
Table 39: United Kingdom Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
SPAIN
Table 40: Spanish Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
Table 41: Spanish Service Robotics Historic Market Review by Category in US$ Million: 2012-2019
Table 42: Service Robotics Market in Spain: Percentage Share Breakdown of Sales by Category for 2012, 2020, and 2027
RUSSIA
Table 43: Russian Service Robotics Market Estimates and Projections in US$ Million by Category: 2020 to 2027
Table 44: Service Robotics Market in Russia by Category: A Historic Review in US$ Million for 2012-2019
Table 45: Russian Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
REST OF EUROPE
Table 46: Rest of Europe Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020-2027
Table 47: Service Robotics Market in Rest of Europe in US$ Million by Category: A Historic Review for the Period 2012-2019
Table 48: Rest of Europe Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
ASIA-PACIFIC
Table 49: Asia-Pacific Service Robotics Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
Table 50: Service Robotics Market in Asia-Pacific: Historic
Market Analysis in US$ Million by Region/Country for the Period
2012-2019
Table 51: Asia-Pacific Service Robotics Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
Table 52: Service Robotics Market in Asia-Pacific by Category:
Estimates and Projections in US$ Million for the Period
2020-2027
Table 53: Asia-Pacific Service Robotics Historic Market Scenario in US$ Million by Category: 2012-2019
Table 54: Asia-Pacific Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
AUSTRALIA
Table 55: Service Robotics Market in Australia: Recent Past,
Current and Future Analysis in US$ Million by Category for the
Period 2020-2027
Table 56: Australian Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
Table 57: Australian Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
INDIA
Table 58: Indian Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
Table 59: Indian Service Robotics Historic Market Review by Category in US$ Million: 2012-2019
Table 60: Service Robotics Market in India: Percentage Share Breakdown of Sales by Category for 2012, 2020, and 2027
SOUTH KOREA
Table 61: Service Robotics Market in South Korea: Recent Past,
Current and Future Analysis in US$ Million by Category for the
Period 2020-2027
Table 62: South Korean Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
Table 63: Service Robotics Market Share Distribution in South Korea by Category: 2012 VS 2020 VS 2027
REST OF ASIA-PACIFIC
Table 64: Rest of Asia-Pacific Market for Service Robotics:
Annual Sales Estimates and Projections in US$ Million by
Category for the Period 2020-2027
Table 65: Service Robotics Market in Rest of Asia-Pacific:
Historic Sales Analysis in US$ Million by Category for the
Period 2012-2019
Table 66: Rest of Asia-Pacific Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
LATIN AMERICA
Table 67: Latin American Service Robotics Market Trends by Region/Country in US$ Million: 2020-2027
Table 68: Service Robotics Market in Latin America in US$
Million by Region/Country: A Historic Perspective for the
Period 2012-2019
Table 69: Latin American Service Robotics Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
Table 70: Latin American Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2020-2027
Table 71: Service Robotics Historic Market Analysis in Latin America in US$ Million by Category: 2012-2019
Table 72: Latin American Service Robotics Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
ARGENTINA
Table 73: Argentinean Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020-2027
Table 74: Service Robotics Market in Argentina in US$ Million by Category: A Historic Review for the Period 2012-2019
Table 75: Argentinean Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
BRAZIL
Table 76: Service Robotics Market in Brazil by Category:
Estimates and Projections in US$ Million for the Period
2020-2027
Table 77: Brazilian Service Robotics Historic Market Scenario in US$ Million by Category: 2012-2019
Table 78: Brazilian Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
MEXICO
Table 79: Service Robotics Market in Mexico: Recent Past,
Current and Future Analysis in US$ Million by Category for the
Period 2020-2027
Table 80: Mexican Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
Table 81: Mexican Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
REST OF LATIN AMERICA
Table 82: Rest of Latin America Service Robotics Market
Estimates and Projections in US$ Million by Category: 2020 to
2027
Table 83: Service Robotics Market in Rest of Latin America by Category: A Historic Review in US$ Million for 2012-2019
Table 84: Rest of Latin America Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
MIDDLE EAST
Table 85: The Middle East Service Robotics Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
Table 86: Service Robotics Market in the Middle East by Region/Country in US$ Million: 2012-2019
Table 87: The Middle East Service Robotics Market Share Breakdown by Region/Country: 2012, 2020, and 2027
Table 88: The Middle East Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020 to 2027
Table 89: The Middle East Service Robotics Historic Market by Category in US$ Million: 2012-2019
Table 90: Service Robotics Market in the Middle East:
Percentage Share Breakdown of Sales by Category for 2012,2020,
and 2027
IRAN
Table 91: Iranian Market for Service Robotics: Annual Sales
Estimates and Projections in US$ Million by Category for the
Period 2020-2027
Table 92: Service Robotics Market in Iran: Historic Sales Analysis in US$ Million by Category for the Period 2012-2019
Table 93: Iranian Service Robotics Market Share Analysis by Category: 2012 VS 2020 VS 2027
ISRAEL
Table 94: Israeli Service Robotics Market Estimates and Forecasts in US$ Million by Category: 2020-2027
Table 95: Service Robotics Market in Israel in US$ Million by Category: A Historic Review for the Period 2012-2019
Table 96: Israeli Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
SAUDI ARABIA
Table 97: Saudi Arabian Service Robotics Market Growth Prospects in US$ Million by Category for the Period 2020-2027
Table 98: Service Robotics Historic Market Analysis in Saudi Arabia in US$ Million by Category: 2012-2019
Table 99: Saudi Arabian Service Robotics Market by Category: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED ARAB EMIRATES
Table 100: Service Robotics Market in the United Arab Emirates:
Recent Past, Current and Future Analysis in US$ Million by
Category for the Period 2020-2027
Table 101: United Arab Emirates Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
Table 102: Service Robotics Market Share Distribution in United Arab Emirates by Category: 2012 VS 2020 VS 2027
REST OF MIDDLE EAST
Table 103: Service Robotics Market in Rest of Middle East:
Recent Past, Current and Future Analysis in US$ Million by
Category for the Period 2020-2027
Table 104: Rest of Middle East Service Robotics Historic Market Analysis in US$ Million by Category: 2012-2019
Table 105: Rest of Middle East Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
AFRICA
Table 106: African Service Robotics Market Estimates and Projections in US$ Million by Category: 2020 to 2027
Table 107: Service Robotics Market in Africa by Category: A Historic Review in US$ Million for 2012-2019
Table 108: African Service Robotics Market Share Breakdown by Category: 2012 VS 2020 VS 2027
IV. COMPETITION
Total Companies Profiled: 113
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