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Service Robotics Market

Published on: Apr 2020 | From USD $3950 | Published By: VERIFIED MARKET RESEARCH | Number Of Pages: 204

Service Robotics Market Size And Forecast
Service Robotics Market was valued at USD 29.44 Billion in 2019 and is projected to reach USD 143.78 Billion by 2027, growing at a CAGR of 21.9% from 2020 to 2027.
The ReWalk Robotics had issued a press release which states that the global health service company Cigna had reviewed its policy on medical exoskeleton coverage for people with spinal cord injury. This is the first policy reconsideration of its kind from a major U.S. insurer. The funding and investments taking place for service robotics are anticipated to increase market growth.
The restraints observed in the service robotic robotics are the rise in cost for materials used to develop and manufacture the robots. There have been issues over data security and regulation since the robots are interconnected to each other, or to the cloud segment, which allows access to the internal systems and data security. Hence cybersecurity is a top priority as cyber-attacks on robots can incur a massive loss in production.
Global Service Robotics Market: Segmentation
The Global Service Robotics market is segmented on the basis of application, component and geography.
Global Service Robotics Market Competitive Landscape
The major players in the market are Northrop Grumman Corporation, Kuka AG, Irobot Corporation, Kongsberg Maritime, DJI, Intuitive Surgical, Inc., Parrot SA, Geckosystems Intl. Corp., and Honda Motor Co., Ltd. Apart from these, some of the other prominent players include Adept Technology, Inc., Bluefin Robotics, ECA Group and Aethon Inc. among others.

1.... Introduction.. 12

1.1 market definition.. 12

1.2 market segmentation.. 13

1.3 RESEARCH TIMELINES.. 14

1.4 ASSUMPTIONS.. 14

1.5 limitations.. 15

2.... Research Methodology.. 16

2.1 Data Mining.. 16

2.2 Secondary Research.. 16

2.3 Primary Research.. 16

2.4 Subject Matter Expert Advice.. 16

2.5 Quality Check.. 17

2.6 Final Review... 17

2.7 Data TRIANGULATION.. 17

2.8 BOTTOM-UP APPROACH.. 18

2.9 TOP DOWN APPROACH.. 18

2.10 RESEARCH FLOW... 19

2.11 DATA SOURCES.. 19

2.12 PRIMARY INTERVIEWs.. 20

2.12.1 PRIMARY INTERVIEW breakdown.. 20

3.... Executive Summary.. 21

3.1 MARKET OVERVIEW... 21

3.2 GLOBAL SERVICE ROBOTICS MARKET GEOGRAPHICAL ANALYSIS.. 22

3.3 GLOBAL SERVICE ROBOTICS MARKET, by APPLICATION (usd million) 23

3.4 GLOBAL SERVICE ROBOTICS MARKET, in Professional Applications (usd million) 24

3.5 GLOBAL SERVICE ROBOTICS MARKET, in personal Applications (usd million) 25

4.... Premium Insights.. 26

4.1 Attractive Market Opportunities.. 26

4.2 GLOBAL MARKET SPLIT.. 27

5.... MARKET OUTLOOK.. 28

5.1 global SERVICE ROBOTS MARKET OUTLOOK.. 28

5.2 Market Drivers.. 29

5.2.1 Use of robots in end-user market. 29

5.2.2 Technological Advancement in the Field of Robotics. 30

5.3 Market Restraints.. 31

5.3.1 High Initial R&D Expenditure. 31

5.4 Market Opportunities.. 32

5.4.1 INCREASE IN VC INVESTMENTS. 32

5.4.2 Huge Potential in Developing Countries. 33

5.5 Market CHALLENGES.. 34

5.5.1 Longer Time to Commercialize the Robots. 34

6.... industry trends.. 35

6.1 Value Chain Analysis.. 35

6.2 Industry Trends.. 36

6.2.1 Robotic Automation.. 36

6.2.2 Robot-as-a-Service. 36

6.2.3 Collaborative Robots. 36

6.2.4 DRONES. 36

6.2.5 Cloud Robotics. 36

6.3 PorterÂ’s Five Forces Analysis.. 37

7.... MARKET, BY APPLICATION.. 38

7.1 Overview... 38

7.2 Professional Applications.. 39

7.2.1 Defense, Rescue & Security. 39

7.2.2 Field Robots. 40

7.2.3 Medical. 40

7.2.4 Marine. 41

7.2.5 Logistics. 41

7.2.6 Telepresence. 42

7.2.7 Inspection & Maintenance. 42

7.2.8 Others. 43

7.3 Personal Applications.. 43

7.3.1 Domestic Tasks. 43

7.3.2 Entertainment. 44

7.3.3 Education, Research & Hobbyist. 44

7.3.4 Other Personal Service Applications. 44

8.... SERVICE ROBOTICS MARKET COMPONENT ANALYSIS.. 45

8.1 Joints.. 45

8.2 Motion Controls.. 46

8.3 GEARBOXES.. 46

8.4 Other Components.. 47

9.... MARKET, BY GEOGRAPHY.. 48

9.1 Overview... 48

9.2 NORTH AMERICA.. 50

9.2.1 U.s. 54

9.2.2 canada. 55

9.2.3 mexico.. 56

9.3 Europe.. 57

9.3.1 GERMANY. 61

9.3.2 UK. 62

9.3.3 FRANCE. 63

9.4 ASIA PACIFIC.. 64

9.4.1 CHINA. 68

9.4.2 JAPAN.. 69

9.4.3 india. 70

9.4.4 SOUTH KOREA. 71

9.5 rest of the world (row) 72

9.5.1 Middle East & Africa. 76

9.5.2 South America. 77

10. competitive landscape.. 78
10.1 overview... 78

10.2 Competitive Scenario.. 78

10.3 Company Market RANKING ANALYSIS.. 79

11. Company Profiles.. 80
11.1 Honda Motor Co., Ltd. 80

11.1.1 Company overview.. 80

11.1.2 COMPANY INSIGHTS. 80

11.1.3 SEGMENT BREAKDOWN.. 81

11.1.4 Product Benchmarking.. 81

11.1.5 swot analysis. 82

11.2 Northrop Grumman Corporation.. 83

11.2.1 Company overview.. 83

11.2.2 Company insights. 84

11.2.3 SEGMENT BREAKDOWN.. 84

11.2.4 Product Benchmarking.. 85

11.2.5 cOMPANY LANDSCAPE. 85

11.2.6 swot analysis. 86

11.3 Kuka AG.. 87

11.3.1 Company overview.. 87

11.3.2 COMPANY INSIGHTS. 87

11.3.3 SEGMENT BREAKDOWN.. 88

11.3.4 Product Benchmarking.. 88

11.3.5 cOMPANY LANDSCAPE. 88

11.3.6 swot analysis. 89

11.4 Kongsberg Maritime AS.. 90

11.4.1 Company overview.. 90

11.4.2 Company insights. 90

11.4.3 SEGMENT BREAKDOWN.. 91

11.4.4 Product Benchmarking.. 91

11.4.5 cOMPANY LANDSCAPE. 92

11.5 Omron Corporation.. 93

11.5.1 Company overview.. 93

11.5.2 Company insights. 93

11.5.3 SEGMENT BREAKDOWN.. 94

11.5.4 Product Benchmarking.. 94

11.5.5 cOMPANY LANDSCAPE. 95

11.6 Irobot Corporation.. 96

11.6.1 Company overview.. 96

11.6.2 Company insights. 96

11.6.3 Product Benchmarking.. 97

11.7 DJI 98

11.7.1 Company overview.. 98

11.7.2 Company insights. 98

11.7.3 Product Benchmarking.. 99

11.7.4 cOMPANY LANDSCAPE. 99

11.8 Intuitive Surgical, Inc. 100

11.8.1 Company overview.. 100

11.8.2 COMPANY INSIGHTS. 100

11.8.3 SEGMENT BREAKDOWN.. 101

11.8.4 Product Benchmarking.. 101

11.8.5 cOMPANY LANDSCAPE. 101

11.9 Parrot SA.. 102

11.9.1 Company overview.. 102

11.9.2 COMPANY INSIGHTS. 102

11.9.3 SEGMENT BREAKDOWN.. 103

11.9.4 Product Benchmarking.. 103

11.10 GeckoSystems Intl. Corp.. 104

11.10.1 Company overview.. 104

11.10.2 Company insights. 104

11.10.3 Product Benchmarking.. 105

11.10.4 cOMPANY LANDSCAPE. 105

11.11 Bluefin Robotics.. 106

11.11.1 Company overview.. 106

11.11.2 Company insights. 106

11.11.3 Product Benchmarking.. 107

11.11.4 cOMPANY LANDSCAPE. 107

11.12 ECA Group.. 108

11.12.1 Company overview.. 108

11.12.2 Company insights. 108

11.12.3 SEGMENT BREAKDOWN.. 109

11.12.4 Product Benchmarking.. 109

11.13 Aethon Inc. 110

11.13.1 Company overview.. 110

11.13.2 Company insights. 110

11.13.3 Product Benchmarking.. 111

11.13.4 cOMPANY LANDSCAPE. 111

11.14 DeLaval Inc. 112

11.14.1 Company overview.. 112

11.14.2 Company insights. 112

11.14.3 Product Benchmarking.. 113

11.14.4 KEY DEVELOPMENTS. 113

11.15 Lely Holding S.A.R.L. 114

11.15.1 Company overview.. 114

11.15.2 COMPANY INSIGHTS. 114

11.15.3 Product Benchmarking.. 115

11.15.4 KEY DEVELOPMENTS. 115

LIST OF TABLES

TABLE 1 GLOBAL SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 38

TABLE 2 GLOBAL SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS, 2016 – 2025 (USD MILLION) 39

TABLE 3 GLOBAL SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS, 2016 – 2025 (USD MILLION) 43

TABLE 4 SUPPLIERS OF JOINTS 45

TABLE 5 SUPPLIERS OF MOTION CONTROLS 46

TABLE 6 SUPPLIERS OF GEARBOXES 47

TABLE 7 SUPPLIERS OF OTHER COMPONENTS 47

TABLE 8 GLOBAL SERVICE ROBOTICS MARKET, BY GEOGRAPHY, 2016 – 2025 (USD MILLION) 49

TABLE 9 NORTH AMERICA SERVICE ROBOTICS MARKET, BY COUNTRY, 2016 – 2025 (USD MILLION) 51

TABLE 10 NORTH AMERICA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 52

TABLE 11 NORTH AMERICA SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS, 2016 – 2025 (USD MILLION) 52

TABLE 12 NORTH AMERICA SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS, 2016 – 2025 (USD MILLION) 53

TABLE 13 U.S. SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 54

TABLE 14 CANADA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 55

TABLE 15 MEXICO SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 56

TABLE 16 EUROPE SERVICE ROBOTICS MARKET, BY COUNTRY, 2016 – 2025 (USD MILLION) 58

TABLE 17 EUROPE SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 59

TABLE 18 EUROPE SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS, 2016 – 2025 (USD MILLION) 59

TABLE 19 EUROPE SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS, 2016 – 2025 (USD MILLION) 60

TABLE 20 GERMANY SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 61

TABLE 21 UK SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 62

TABLE 22 FRANCE SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 63

TABLE 23 ASIA PACIFIC SERVICE ROBOTICS MARKET, BY COUNTRY, 2016 – 2025 (USD MILLION) 65

TABLE 24 ASIA PACIFIC SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 66

TABLE 25 ASIA PACIFIC SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS, 2016 – 2025 (USD MILLION) 66

TABLE 26 ASIA PACIFIC SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS, 2016 – 2025 (USD MILLION) 67

TABLE 27 CHINA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 68

TABLE 28 JAPAN SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 69

TABLE 29 INDIA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 70

TABLE 30 SOUTH KOREA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 71

TABLE 31 ROW SERVICE ROBOTICS MARKET, BY REGION, 2016 – 2025 (USD MILLION) 73

TABLE 32 ROW SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 74

TABLE 33 ROW SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS, 2016 – 2025 (USD MILLION) 74

TABLE 34 ROW SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS, 2016 – 2025 (USD MILLION) 75

TABLE 35 MIDDLE EAST & AFRICA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 76

TABLE 36 SOUTH AMERICA SERVICE ROBOTICS MARKET, BY APPLICATION, 2016 – 2025 (USD MILLION) 77

TABLE 37 COMPANY MARKET RANKING ANALYSIS 79

TABLE 38 HONDA MOTOR CO., LTD.: PRODUCT BENCHMARKING 81

TABLE 39 NORTHROP GRUMMAN CORPORATION: PRODUCT BENCHMARKING 85

TABLE 40 NORTHROP GRUMMAN CORPORATION: COMPANY LANDSCAPE 85

TABLE 41 KUKA AG: PRODUCT BENCHMARKING 88

TABLE 42 KUKA AG: COMPANY LANDSCAPE 88

TABLE 43 KONGSBERG MARITIME AS : PRODUCT BENCHMARKING 91

TABLE 44 KONGSBERG MARITIME AS: COMPANY LANDSCAPE 92

TABLE 45 OMRON CORPORATION : PRODUCT BENCHMARKING 94

TABLE 46 OMRON CORPORATION: COMPANY LANDSCAPE 95

TABLE 47 IROBOT CORPORATION: PRODUCT BENCHMARKING 97

TABLE 48 DJI: PRODUCT BENCHMARKING 99

TABLE 49 DJI: COMPANY LANDSCAPE 99

TABLE 50 INTUITIVE SURGICAL, INC.: PRODUCT BENCHMARKING 101

TABLE 51 INTUITIVE SURGICAL, INC.: COMPANY LANDSCAPE 101

TABLE 52 PARROT SA: PRODUCT BENCHMARKING 103

TABLE 53 GECKOSYSTEMS INTL. CORP: PRODUCT BENCHMARKING 105

TABLE 54 GECKOSYSTEMS INTL. CORP: COMPANY LANDSCAPE 105

TABLE 55 BLUEFIN ROBOTICS: PRODUCT BENCHMARKING 107

TABLE 56 BLUEFIN ROBOTICS: COMPANY LANDSCAPE 107

TABLE 57 ECA GROUP: PRODUCT BENCHMARKING 109

TABLE 58 AETHON INC. PRODUCT BENCHMARKING 111

TABLE 59 AETHON INC. COMPANY LANDSCAPE 111

TABLE 60 DELAVAL INC.: PRODUCT BENCHMARKING 113

TABLE 61 DELAVAL INC.: KEY DEVELOPMENTS 113

TABLE 62 LELY HOLDING S.A.R.L.: PRODUCT BENCHMARKING 115

TABLE 63 LELY HOLDING S.A.R.L.: KEY DEVELOPMENTS 115

LIST OF FIGURES

FIGURE 1 GLOBAL SERVICE ROBOTICS MARKET SEGMENTATION 13

FIGURE 2 RESEARCH TIMELINES 14

FIGURE 3 DATA TRIANGULATION 17

FIGURE 4 MARKET RESEARCH FLOW 19

FIGURE 5 DATA SOURCES 19

FIGURE 6 PRIMARY INTERVIEWS BREAKDOWN 20

FIGURE 7 GLOBAL SERVICE ROBOTICS MARKET OVERVIEW 21

FIGURE 8 GLOBAL SERVICE ROBOTICS MARKET GEOGRAPHICAL ANALYSIS, 2017 22

FIGURE 9 GLOBAL SERVICE ROBOTICS MARKET, BY APPLICATION (USD MILLION) 23

FIGURE 10 GLOBAL SERVICE ROBOTICS MARKET, IN PROFESSIONAL APPLICATIONS (USD MILLION) 24

FIGURE 11 GLOBAL SERVICE ROBOTICS MARKET, IN PERSONAL APPLICATIONS (USD MILLION) 25

FIGURE 12 ATTRACTIVE MARKET OPPORTUNITIES 26

FIGURE 13 EUROPE DOMINATED THE MARKET IN 2017 27

FIGURE 14 GLOBAL SERVICE ROBOTS MARKET OUTLOOK 28

FIGURE 15 GLOBAL INDUSTRIAL ROBOTS SALES FROM 2014 TO 2017 (IN 1,000 UNITS) 29

FIGURE 16 AVERAGE VC FUNDING GIVEN TO START UPS, BY CATEGORY, 2017 32

FIGURE 17 HISTORIC VC FUNDING IN EDUCATION AND PROGRAMMABLE ROBOTS (USD MILLION) 33

FIGURE 18 VALUE CHAIN ANALYSIS 35

FIGURE 19 PORTER’S FIVE FORCES ANALYSIS 37

FIGURE 20 GLOBAL SERVICE ROBOTICS MARKET, BY APPLICATION 38

FIGURE 21 GLOBAL SERVICE ROBOTICS MARKET, BY GEOGRAPHY, 2016 – 2025 (USD MILLION) 49

FIGURE 22 NORTH AMERICA MARKET SNAPSHOT 50

FIGURE 23 NORTH AMERICA SERVICE ROBOTICS MARKET SHARE, BY COUNTRY, 2017 51

FIGURE 24 EUROPE MARKET SNAPSHOT 57

FIGURE 25 EUROPE SERVICE ROBOTICS MARKET, BY COUNTRY, 2017 58

FIGURE 26 ASIA PACIFIC MARKET SNAPSHOT 64

FIGURE 27 ASIA PACIFIC SERVICE ROBOTICS MARKET, BY COUNTRY, 2017 65

FIGURE 28 GROWING INTELLIGENT SERVICE ROBOTS IN CHINA (RMB BILLION) 68

FIGURE 29 INDUSTRIAL ROBOT DEMAND IN SOUTH KOREA FROM 2006 TO 2016 (IN MILLION U.S. DOLLARS) 71

FIGURE 30 ROW MARKET SNAPSHOT 72

FIGURE 31 ROW SERVICE ROBOTICS MARKET, BY REGION, 2017 73

FIGURE 32 KEY STRATEGIC DEVELOPMENTS 78

FIGURE 33 HONDA MOTOR CO., LTD.: COMPANY INSIGHTS 80

FIGURE 34 HONDA MOTOR CO., LTD.: SEGMENT BREAKDOWN 81

FIGURE 35 HONDA MOTOR CO., LTD.: SWOT ANALYSIS 82

FIGURE 36 NORTHROP GRUMMAN CORPORATION: COMPANY INSIGHT 84

FIGURE 37 NORTHROP GRUMMAN CORPORATION: SEGMENT BREAKDOWN 84

FIGURE 38 NORTHROP GRUMMAN CORPORATION: SWOT ANALYSIS 86

FIGURE 39 KUKA AG: INSIGHTS 87

FIGURE 40 KUKA AG: SEGMENT BREAKDOWN 88

FIGURE 41 KUKA AG: SWOT ANALYSIS 89

FIGURE 42 KONGSBERG MARITIME AS: COMPANY INSIGHT 90

FIGURE 43 KONGSBERG MARITIME AS: SEGMENT BREAKDOWN 91

FIGURE 44 OMRON CORPORATION: COMPANY INSIGHT 93

FIGURE 45 OMRON CORPORATION: SEGMENT BREAKDOWN 94

FIGURE 46 IROBOT CORPORATION: COMPANY INSIGHT 96

FIGURE 47 DJI: COMPANY INSIGHT 98

FIGURE 48 INTUITIVE SURGICAL, INC.: COMPANY INSIGHTS 100

FIGURE 49 INTUITIVE SURGICAL, INC.: SEGMENT BREAKDOWN 101

FIGURE 50 PARROT SA: COMPANY INSIGHTS 102

FIGURE 51 PARROT SA: SEGMENT BREAKDOWN 103

FIGURE 52 GECKOSYSTEMS INTL. CORP: COMPANY INSIGHT 104

FIGURE 53 BLUEFIN ROBOTICS: COMPANY INSIGHT 106

FIGURE 54 ECA GROUP: COMPANY INSIGHT 108

FIGURE 55 ECA GROUP: SEGMENT BREAKDOWN 109

FIGURE 56 AETHON INC. COMPANY INSIGHT 110

FIGURE 57 DELAVAL INC.: COMPANY INSIGHT 112

FIGURE 58 LELY HOLDING S.A.R.L.: COMPANY INSIGHTS 114

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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