Service Robotics Market Scope
Service robots are engineered to assist humans and perform useful tasks on their behalf. In the current scenario, improvised in ease of use, quality, and lower operational expenses have surged worldwide acceptance of service robots. Key manufacturers are able to implement solutions using service robots to assist ageing workers and help make work safer for humans. Favourable government policies supporting the creation of service robots along with steady demand from the defense sector is predicted to stimulate the industry demand in future.
According to AMA, the Global Service Robotics market is expected to see growth rate of 18.9% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Service Robotics market throughout the predicted period.
Northrop Grumman Corporation (United States), KUKA AG (Germany), iRobot Corporation (United States), Kongsberg Maritime AS (Norway), DJI (China), Intuitive Surgical, Inc. (United States), Parrot SA (France), GeckoSystems Intl. Corp. (United States), Honda Motor Co. Ltd. (Japan), Adept Technology, Inc. (United States) and General Dynamics Mission Systems, Inc.(Bluefin Robotics) (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are ECA Group (France), Aethon Inc. (United States), DeLaval International AB (Sweden) and Lely Holding S.a.r.l. (Netherlands).
Segmentation Overview
The study have segmented the market of Global Service Robotics market by Type (Personal Service Robotics and Professional Service Robotics), by Application (Household Robots, Education/Entertainment Robots, Nursing/Rehabilitation Robots, Medical Robots, Agriculture, Forestry, Livestock Farming and Fisheries Robots, Logistic Robots and Others) and Region with country level break-up.
On the basis of geography, the market of Service Robotics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Manufacturers are Developing Technologically Advanced Service Robots Especially for Defense, Rescue and Security Verticals
Market Growth Drivers:
The Growth in the Usage of Robots in Education & Research, Defense, and Rescue & Security Sectors, Increasing Demand for Mobile-Robotic Solutions in Warehouse Automation and Logistics Sector and Increasing Demand from Medical and Healthcare Sector
Challenges:
Safe Operations While Working Alongside Humans and Longer Time to Commercialize the Robots
Restraints:
High Initial Costs and R&D Expenses and Unpredictable Performance in Untested Environments, and Lack of High Level Interfacing
Opportunities:
High Penetration of Drones From Military and Non-Military Applications and The Growth in Number of Geriatric Population Will Encourage Rehabilitation of Robots
Key Target Audience
Robot Manufacturers, Component and Equipment Manufacturers, System Designers and Machine Manufacturers, Robot System and Software Programmers/Designers, Research Labs and Research Institutes, Governments, Financial and Educational Institutions, End-User and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.