$35.27 billion growth of the service robotics market: by application (professional robots and personal robots) and geography

Market dynamics

The market is driven by factors such as growing demand for robotic automation process, rising adoption of robotics in various application areas, and growing use of IoT in robots for cost-effective predictive maintenance.

44% of the market growth will come from APAC during the forecast period. China, Japanand South Korea (Republic of Korea) are the top service robotics markets in APAC.

The report offers an up-to-date analysis of the geographical composition of the market. APAC has witnessed a significant growth rate and is expected to provide several growth opportunities for market vendors over the forecast period. Rising adoption of robotics in various application areas will facilitate the growth of the service robotics market in APAC over the forecast period. The report offers an up-to-date analysis of the geographic composition of the market, competitive intelligence, and regional in-store opportunities for vendors.

Download a free sample report for insights on drivers, trends and challenges that will help companies assess and develop growth strategies for 2021-2025.

Company Profiles

The Service Robotics Market report includes information on product launches, sustainability, and outlook from key vendors including CYBERDYNE Inc., Daifuku Co. Ltd., DeLaval International AB, Exyn Technologies, Intuitive Surgical Inc. , Irobot Corp., Kongsberg Gruppen ASA, Northrop Grumman Corp., SoftBank Robotics Group Corp. and SZ DJI Technology Co. Ltd.

Competitive analysis

The report includes Competitive Analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Market segmentation

  • By application, the market is categorized into professional robots and personal robots segments
  • By geography, the market is categorized as APAC, Europe, North AmericaAME and South America.

The growth in the service robotics market share by the professional robot segment has been significant. With this information, you can safely infer patterns of consumer behavior transformation, which is crucial for assessing revenue growth by segment during 2021-2025 and adopting technologies to improve the efficiency of the company. This report provides an accurate prediction of the contribution of all segments to the growth of the Service Robotics market size.

Download this Service Robotics Marketplace report to uncover new strategies to make the most of future growth opportunities.

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Service Robotics Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 22.58%

Market Growth 2021-2025

$35.27 billion

Market structure

Fragmented

Annual growth (%)

16.23

Regional analysis

APAC, Europe, North America, MEA and South America

Successful market contribution

APAC at 44%

Main consumer countries

China, United States, Japan, Germany and South Korea (Republic of Korea)

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

CYBERDYNE Inc., Daifuku Co. Ltd., DeLaval International AB, Exyn Technologies, Intuitive Surgical Inc., Irobot Corp., Kongsberg Gruppen ASA, Northrop Grumman Corp., SoftBank Robotics Group Corp. and SZ DJI Technology Co. Ltd.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period,

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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