Global Service Robotics Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at a CAGR of around XX % during a forecast period.

Rising acceptance of humanoids, increasing adoption of personal robotics, and rising demand for telepresence & mobile service robotics are the key factors anticipated to fuel global service robotics market throughout the forecast period. Furthermore, rising popularity of socially intelligent service robotics and highly advanced technology enabled service robotics is expected to result in generation of huge opportunities for global service robotics companies in the coming years. Despite, making sustainable progress, service robots suffer a potential threat of having technical errors and high initial R&D expenditure. This might hamper the overall market for service robotics at a global level.

By product, personal service robotics market is projected to witness growth over the forecast timeline. The growth can be attributed to the increasing demand for personal assistance across households coupled with the rising old population in countries including Japan and Germany. Increasing aging population in these countries generates a high demand for advanced medical care and nursing solutions. With the rising number of senior citizens, the number of caregivers remains stagnant. These machines are capable of providing good assistance to aging people by diagnosing simple ailments by using technologies such as AI and machine learning.

Geographically, North America is leading global service robotics market by a fair margin as it expands at a CAGR of XX % between 2018 and 2026. The increasing uptake of service robots in the investment and defense sector of North America is the main reason for this positive sentiment. The relentless rate of automation across the region has generated an impressive revenue for the North America service robotics market. Also, the large-scale production of service robots because of the strong presence of vendors has also led to the proliferation of this market in North America.

The market research data comprised in the study is the result of wide primary and secondary research activities. Surveys, personal interviews, and inputs from industry specialists form the root of primary research activities and data collected from trade journals, industry databases, and reputable paid sources to form the basis of secondary research. The report also contains a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate investigation of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also involved in the report.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global service robotics market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global service robotics market.
Scope of Global Service Robotics Market

Global Service Robotics Market, By Product

• Professional service robots
• Personal service robots
Global Service Robotics Market, By Application

• Defense
• Agriculture
• Health care
• Logistics
• Aerospace
• Infrastructure
• Entertainment
• Research and development
• Others
Global Service Robotics Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Service Robotics Market

• AB Electrolux (Sweden)
• Touch bionics Ltd (U.K).
• iRobot Corporation (U.S)
• Samsung Techwin Co. Ltd. (South Korea)
• Robert Bosch GmbH (Germany)
• Mako Surgical Corporation (U.S)
• Intuitive surgical Inc.(U.S)
• Honda Motors Co. Ltd. (Japan)
• Panasonic Corporation (Japan)
• Dyson Ltd. (U.K)
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