The global service robotics market is projected
to reach USD 15.69 billion by 2020, at an expected CAGR of 23.7% from 2014 to
2020. The demand for the global service robotics is anticipated to surpass 18
million units by 2020. The major factor driving the industry is the rising
occurrences of supported living and the demand to fight against increasing
costs of labor in the developed countries.
The foremost advantage
offered by service robotics includes assistance in carrying out those tasks
which would otherwise have been tough and risky. Moreover, the ordinary routine
tasks can be effortlessly dealt with having a high degree of accuracy with the
help of these devices.
The global industry has
witnessed a massive growth in the number of companies trying to enter the
industry and gain share by evolving and refining their automation techniques.
The components involved in the manufacturing these machines include
microcontrollers, actuators, manipulators, sensors, and power supply.
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In 2013, personal robots
had the highest share of the market regarding volume. However, the highest
revenue generating segment included professional robots. These professional
service robots accounted for over 70% of the global market in that year. Professional
service robots are further segmented into field, medical, defense, and logistic
robots. Out of these, in 2013, the defense professional service robots led the
global industry concerning revenue generation and accounted for over 40% of the
total revenue. This was due to their utilization of unmanned aerial vehicles.
North America emerged as
the largest market in 2013, accounting for more than 35% of the overall volume
share. The U.S. was the primary revenue generator of North America. This high
growth in the region can be attributed to the quick rise in the development of
production capacities as well as industrialization. Furthermore, the rapidly
growing automotive industry in North America is also projected to drive the
demand for the overall industry.
The global service
robotics industry is highly branded as there is intense competition between the
specialized service robot manufacturers and the industrial robot manufacturers.
The major corporations operating in the market include Samsung Electronics,
Toyota Motor Corporation, Hanool Robotics Corp, Honda Motors Co. Ltd. Other
participants include GeckoSystems, Yujin Robot, iRobot Corporation, AB
Electrolux, Fujitsu Frontech Limited, LG Electronics Inc., and Sony Corp. Over
the next six years, companies including Amazon, Google, and Apple are also
expected to enter into the global service robotics market.
Grand View Research has
segmented the global service robotics market on the basis of application and
region:
Service Robotics Application Outlook (Volume, Thousand
Units & Revenue, USD Million; 2012 - 2020)
·
Professional Robots
o
Defense
o
Field
o
Medical
o
Logistics
o
Mobile Platforms
o
Underwater Systems
o
Construction & Demolition
o
Others
·
Personal Robots
o
Entertainment
o
Household
Service Robotics Regional Outlook (Volume, Thousand Units
& Revenue, USD Million; 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
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View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
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