According to this report, the Global Service Robotics market accounted for $10.77 billion in 2017 and is expected to reach $44.68 billion by 2026, growing at a CAGR of 17.2% from 2017 to 2026.

Rising demand for the market is expected to grow substantially owing to factors such as high demand from medical and healthcare sector, increasing usage of robots for education & research purposes and short- to medium-term payback period and high return on investment (ROI) are some of the factors fueling the market growth. However, factors such as high initial investment and concern for human safety are restraining the market growth.

Amongst Application, Healthcare segment accounted for significant market share during the forecast period due to the growth of automation which enables new insights into healthcare processes. Hospitals are increasingly using the service robotics in rehabilitation systems, diagnostic systems and other complex surgeries. The use of service robotics in rehabilitation is increasing internationally.

By Geography, North America is the largest market followed by Asia-Pacific. United States is the major shareholder in the North America region. In Canada, which is moderately stable during the recessionary period, the gains are more visible. As a technologically sophisticated region, low-cost sensors, better chips, advances in speech understanding, cloud-based machine learning, and others are being developed. These are expected to enhance the future services by robots. Robot prototypes are being used for cleaning offices, delivering packages, and enhancing security.

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Service Robotics Market, By Component

6 Global Service Robotics Market, By Operating Environment

7 Global Service Robotics Market, By Application

8 Global Service Robotics Market, By Geography

9 Key Developments

10 Company Profiling

  • Parrot SA
  • Northrop Grumman Corporation
  • Lely Holding S.A.R.L.
  • Kuka AG
  • Kongsberg Maritime
  • iRobot Corporation
  • Intuitive Surgical, Inc.
  • Honda Motor Co. Ltd.
  • Geckosystems Intl. Corp.
  • ECA Group
  • DJI
  • Delaval International AB
  • Bluefin Robotics
  • Aethon Inc.
  • Adept Technology, Inc.
  • Toyota Motor Corporation
  • Sony Corporation
  • Samsung Electronics
  • Microsoft, Inc.
  • LG Electronics
  • Google Inc.
  • Fuji Soft Inc.
  • Amazon.com, Inc.
  • AB Electrolux

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