Service Robotics Market by Component (Hardware, Software), Operating Environment (Aerial, Ground Based, Marine), Application - Global Forecast 2024-2030

Service Robotics Market by Component (Hardware, Software), Operating Environment (Aerial, Ground Based, Marine), Application - Global Forecast 2024-2030

The Service Robotics Market size was estimated at USD 61.85 billion in 2023 and expected to reach USD 72.20 billion in 2024, at a CAGR 17.58% to reach USD 192.20 billion by 2030.

Global Service Robotics MarketService robotics is used by businesses and organizations to assist human employees in their daily tasks and improve the quality and convenience of human life through the combination of a mobile base and a robotic arm equipped with a controller device to provide semi-automatic or fully automatic services. Service robots can handle dangerous tasks that keep humans away from dangerous situations. The increasing demand for service robotics from the healthcare sector is due to rising usage in handling medical equipment and critical surgical operations. In addition, the growing need to handle logistics and transportation of products is raising the demand for service robots from large manufacturing facilities. However, the high cost associated with the development of service robotics hinders the market's growth. Moreover, technological advancements in service robotics, such as adopting AI, Ml, and IoT to simulate human intelligence processes to assist the tasks without human intervention, are expected to increase its adoption from various end-use sectors.Regional InsightsThe service robotics market shows a highly evolving landscape in the Americas owing to the highly established industrial sector and increasing application of service robotics in various industries, including aerospace & defense, agriculture, food & beverage, education, and eCommerce. The growing interest in agricultural automation leads to elevated research activities for developing service robotics in the APAC and EMEA regions. The European Commission invests in the research and development of robots, including service robots in various sectors to develop novel products, use in search & rescue, inspection and monitoring of transportation, logistics, and agriculture. Vacuuming and other indoor domestic floor cleaning robots are currently the most used applications. This service robot is available in almost every convenience store, making it easily accessible to consumers, are expected to increase its adoption from the commercial and industrial sectors rapidly.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Service Robotics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Service Robotics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Service Robotics Market, highlighting leading vendors and their innovative profiles. These include ABB Group, Agility Robotics, Bae Systems PLC, Beyond Imagination, Inc., Brain Corporation, Daifuku Co., Ltd., ECA Group, Engineered Arts Ltd., Fujitsu Limited, Geckosystems Intl. Corp., General Dynamics Mission Systems, Inc., General Electric Company, General Motors Company, GrayMatter Robotics, Hajime Research Institute, Ltd., Hanson Robotics, Limited, Honda Motor Co., Ltd., Hyundai Motor Group, Intuitive Surgical, Inc., Irobot Corporation, Kawasaki Heavy Industries, Ltd., Keenon Robotics Co., Ltd., Kongsberg Gruppen ASA, Kuka AG, Medtronic PLC, OmniGuide Inc., Omron Corporation, PAL Robotics, Promobot LLC, Samsung Electronics Co., Ltd., Scandit Group, SoftBank Robotics Group Corp., Tokyo Robotics Inc., Toyota Motor Corporation, and Ubtech Robotics Corp Ltd..

Market Segmentation & Coverage



This research report categorizes the Service Robotics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Hardware
Actuators
Airframe
Cameras
Control Systems
Navigation Systems
Power Supply
Propulsion Systems
Sensors
Software
Operating Environment
Aerial
Ground Based
Marine
Application
Aerospace & Defense
Agriculture
Automotive & Transportation
Chemicals & Advanced Material
Consumer Goods & Retail
Education
Energy & Utilities
Food & Beverage
Media & Entertainment
Semiconductor & Electronics
Telecommunication
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Service Robotics Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Service Robotics Market?
3. What are the technology trends and regulatory frameworks in the Service Robotics Market?
4. What is the market share of the leading vendors in the Service Robotics Market?
5. Which modes and strategic moves are suitable for entering the Service Robotics Market?

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