Service Robotics Market: Historic Industry Size and Analysis of 15 Vendors and 7 Countries - Technavio
NEW YORK, Nov. 28, 2022 /PRNewswire/ -- The service robotics market size is forecast to increase by USD 48788.55 million from 2022 to 2027, at a CAGR of 22.75%, according to the recent market study by Technavio. The growth of the market will be driven by the growing demand for robotic automation processes, the increasing adoption of robotics in diverse application fields, and the increasing use of IoT in robots for cost-effective predictive maintenance.
Technavio categorizes the service robotics market as a part of the industrial machinery market, which covers companies engaged in manufacturing industrial machinery and components including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications.
Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report
Technavio has extensively analyzed 15 major vendors, including AB Electrolux, AMP Robotics Corp., Blue Ocean Robotics, Cyberdyne Inc., Daifuku Co. Ltd., Diligent Robotics Inc., Exyn Technologies, Guangzhou XAG Co. Ltd., Harvest CROO Robotics LLC, Intuitive Surgical Inc., Irobot Corp., Kongsberg Gruppen ASA, Samsung Electronics Co. Ltd., Singapore Technologies Engineering Ltd., SoftBank Group Corp.
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Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio
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The market is segmented by application (professional robots and personal robots), environment (ground, aerial, and marine), and geography (APAC, North America, Europe, the Middle East and Africa, and South America).
Segmentation by Application (Inclusion/Exclusion)
The professional robots segment grew gradually by USD 6904.24 million in 2017 and continued to grow till 2021. Professional robots are currently going through a technological revolution. Significant advances have been made in terms of robotic capabilities, which are further propelled by breakthroughs in machine learning, artificial intelligence, adaptive computing, and vision systems. In addition, increasing investments in 5G telecom services and AI processors are expected to aid in the growth of the professional robots segment during the forecast period.
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Table of contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Environment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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