Global Service Robotics Market to Record Protruding Growth With US$ 48,000.7Million By 2028

July 2022 | Report Format: Electronic (PDF)   

Service robots have become increasingly desirable as a result of technological advancements in interaction, cognition, and manipulation. The robotics ecosystem has progressed thanks to the contributions of technology as well as other component vendors. Preferred Networks, a Tokyo-based technological start-up, for example, supplies AI technology for Toyota Motor's automated driving systems and Fanuc's robots. Diagnostic systems, rehabilitation systems, robot-assisted surgery or therapy, and other healthcare robots are all used in the medical and healthcare business.

The older population of Asia-Pacific nations such as China and Japan are propelling expansion in the medical technology industry, resulting in a significant market for service robots in the area. According to the Japanese Ministry of Internal Affairs and Communications, roughly 35.2 million people in Japan aged 65 or older in 2017. By 2020, this number is expected to rise to 36.2 million. This encourages businesses to invest in items for the region's seniors.

China's government has big aspirations for the robotics industry. The government has designated the robotics industry, together with automation and AI, as one of the key areas for high-end growth in order to accelerate the industrial industry's transformation and upgrade. This drive is likely to boost Chinese-made robots' worldwide market share.

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Service Robotics Market Report Highlights

• February 2020 - ABB Limited and Covariant announced a partnership to bring AI-enabled robotics solutions to market, starting with a fully autonomous warehouse order fulfilment solution, and the partnership brings together the two companies with a common vision for robotics enabled by AI, where intelligent robots work alongside humans in dynamic environments, collectively learning and improving with every task completed.
• In September 2020 - SoftBank Robotics Group and Bear Robotics, a robotics and artificial intelligence company, collaborated to develop a new robot named SERVI for use in the foodservice and hospitality industry.

SERVICE ROBOTICS MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Service Robotics Type Outlook (Revenue, USD Million, 2017 - 2028)

• Personal service robotics
• Professional service robotics

Service Robotics Environment Outlook (Revenue, USD Million, 2017 - 2028)

• Marine
• Ground
• Aerial

Service Robotics Application Outlook (Revenue, USD Million, 2017 - 2028)

• Logistics
• Healthcare
• Field
• Entertainment
• Domestic
• Defence
• Construction
• Others

Service Robotics Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players- Service Robotics Market

• Yujin Robot Co. Ltd.
• SoftBank Robotics Group
• Samsung Electronics CO., Ltd.
• Robert Bosch GmbH
• Panasonic Corporation
• Neato Robotics
• Lely
• Kongsberg Maritime
• iRobot Corporation
• Intuitive Surgical Inc
• Honda Motor Co., Ltd.
• DJI
• DeLaval
• Aethon Inc.
• AB Electrolux

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