Service Robotics Market Size 2020-2024 By Product, Application, Regional Statistics, Global Revenue Share, Forecast 2024

The personal sector has turned to be another prominent application vertical for service robotics market, especially with the increasing deployment of household and entertainment robots. Rising penetration of vacuum cleaners, lawn cutters, and other similar robots for carrying out the tasks that are often routine for humans, has been identified as a turning factor uplifting household service robotics application. In fact, as per estimates, personal applications accounted for 36% of the overall service robotics market size in 2016. With advanced technologies like speech, emotion, and facial recognition features coming onboard, this particular business vertical is likely to tread along a lucrative growth path over the ensuing years.

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Elaborating on the tech intervention in household sector, the contribution of iRobot Corporation, one of the leading names in the robot cleaning world, is worth mentioning. The company has always been at the front page with its continuous adoption of advanced technologies for enhancing consumer experience. It has recently introduced its iAdapt 2.0 Responsive Navigation system that is integrated with Alexa –strongly emphasizing on voice as a better interface than touch. Reportedly, the vacuum cleaner not only recognizes voice or speech but also has the capability to digitally map the interior of house while cleaning the floor. As per analysts’ speculation, the birth of such groundbreaking technologies is bound to lucratively drive the product terrain of service robotics market over the coming years.

he presence of a robust and advanced research infrastructure coupled with the rising demand for automation across a range of business verticals has fostered the United States service robotics market expansion in the recent times. Moreover, numerous government agencies in the nation have been investing massively in the latest robotics technology in order to ensure security and safety of its citizens.

Citing an instance of the humongous investments being made by government agencies in breakthrough technologies, the U.S. Defense Advanced Research Projects Agency (DARPA) has been reportedly spending as much as USD 3 billion annually to fund its robotic research programs. It would be prudent to mention that DARPA has been aiming to manufacture high-grade combat/military robots to cater the escalating demand from US Army as it has been striving hard to increase the number of soldiers. This has, in turn, assisted the service robotics industry participants to gain numerous business opportunities from the government contracts and other research initiatives.

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Speaking of the competitive landscape, service robotics market is highly fragmented in nature with the participation of leading players like Parrot SA, 3D Robotics, Softbank Robotics, AeroVironment, Inc., DJI, Intuitive Surgical, Inc., Bluefin Robotics, and Samsung Electronics.

Table of Contents (ToC) of the report:

Chapter 4.   Service Robotics Market, By Product

4.1.  Global service robotics market share by product, 2016 & 2024

4.2.  Professional

4.2.1. Market estimates and forecast, 2013 – 2024

4.2.2. Market estimates and forecast, by region, 2013 – 2024

4.3.  Personal

4.3.1. Market estimates and forecast, 2013 – 2024

4.3.2. Market estimates and forecast, by region, 2013 – 2024

Chapter 5.   Service Robotics Market, By Application

5.1.  Global service robotics market share by application, 2016 & 2024

5.2.  Professional

5.2.1. Market estimates and forecast, 2013 – 2024

5.2.2. Market estimates and forecast, by region, 2013 – 2024

5.2.3. Defense

5.2.3.1.       Market estimates and forecast, 2013 – 2024

5.2.3.2.       Market estimates and forecast, by region, 2013 – 2024

5.2.4. Field

5.2.4.1.       Market estimates and forecast, 2013 – 2024

5.2.4.2.       Market estimates and forecast, by region, 2013 – 2024

5.2.5. Healthcare

5.2.5.1.       Market estimates and forecast, 2013 – 2024

5.2.5.2.       Market estimates and forecast, by region, 2013 – 2024

5.2.6. Logistics

5.2.6.1.       Market estimates and forecast, 2013 – 2024

5.2.6.2.       Market estimates and forecast, by region, 2013 – 2024

5.2.7. Others

5.2.7.1.       Market estimates and forecast, 2013 – 2024

5.2.7.2.       Market estimates and forecast, by region, 2013 – 2024

5.3.  Personal

5.3.1. Market estimates and forecast, 2013 – 2024

5.3.2. Market estimates and forecast, by region, 2013 – 2024

5.3.3. Household

5.3.3.1.       Market estimates and forecast, 2013 – 2024

5.3.3.2.       Market estimates and forecast, by region, 2013 – 2024

5.3.4. Entertainment

5.3.4.1.       Market estimates and forecast, 2013 – 2024

5.3.4.2.       Market estimates and forecast, by region, 2013 – 2024

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