Global Service Robot Market Growth 2023-2029

Global Service Robot Market Growth 2023-2029

Service robot is an actuated mechanism programmable in two or more axes with a degree of autonomy, moving within its environment, to perform intended tasks. Autonomy in this context means the ability to perform intended tasks based on current state and sensing, without human intervention. A service robot is a robot that performs useful tasks for humans or equipment excluding industrial automation application.

LPI (LP Information)' newest research report, the “Service Robot Industry Forecast” looks at past sales and reviews total world Service Robot sales in 2022, providing a comprehensive analysis by region and market sector of projected Service Robot sales for 2023 through 2029. With Service Robot sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Service Robot industry.

This Insight Report provides a comprehensive analysis of the global Service Robot landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Service Robot portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Service Robot market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Service Robot and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Service Robot.

The global Service Robot market size is projected to grow from US$ 10500 million in 2022 to US$ 34500 million in 2029; it is expected to grow at a CAGR of 34500 from 2023 to 2029.

In Japan, Service Robot key players include Intuitive Surgical, iRobot Corporation, Dyson, Sharp, Panasonic, etc.The top five players hold a share about 10%.

In terms of product, Professional Service Robots is the largest segment, with a share about 60%. And in terms of application, the largest application is Household Robots, followed by Education/Entertainment Robots, Nursing/Rehabilitation Robots, Medical Robots, Agriculture, Forestry, Livestock Farming and Fisheries Robots, Logistic Robots, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Service Robot market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Personal Service Robots

Professional Service Robots

Segmentation by application

Household Robots

Education/Entertainment Robots

Nursing/Rehabilitation Robots

Medical Robots

Agriculture, Forestry, Livestock Farming and Fisheries Robots

Logistic Robots

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Intuitive Surgical

IRobot

Dyson

Neato Robotics

Sharp

Toshiba

Panasonic

Gecko Systems

Northrop Grumman Corporation

ECA Group

Kongsberg Maritim

Fujitsu Frontech Limited

Kawasaki

REWALK

Sony

Honda

Toyota

SoftBank

Hitachi

ALSOK

Key Questions Addressed in this Report

What is the 10-year outlook for the global Service Robot market?

What factors are driving Service Robot market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Service Robot market opportunities vary by end market size?

How does Service Robot break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.