Dublin, Nov. 14, 2018 (GLOBE NEWSWIRE) -- The "Global Service Robotics Market and Volume Forecast to 2024 - By Type (Professional Service Robots, Personal and Domestic Service Robots) and Key Players Analysis" report has been added to ResearchAndMarkets.com's offering.
The global service robotics market was valued at over US$ 9 Billion in 2017
Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors.
Professional service robots are employed in various industries including medical, defense, rescue and security, agriculture, logistics, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment and leisure purpose.
The global service robotics market is expected to almost triple by 2024 from the 2017 level, driven by an upsurge in its adoption owing to high labor cost, lack of skilled workforce, increasing research and development investments, growing awareness regarding the benefits of service robots, and increased demand for automation among professional and personal sectors. However, high initial investment and concern for human safety restricts the growth of the market.
Key Highlights of the Report:
- The global service robotics market is expected to almost triple by 2024 from the 2017 level.
- The global professional service robotics market was valued at close to US$ 7 Billion in 2017.
- The market for personal and domestic service robotics segment is expected to reach nearly US$ 8 Billion by 2024.
- The global professional service robotics sales volume is predicted to exceed 450,000 units by 2024.
- In 2017, logistic application was the major industry vertical, in terms of market share, followed by medical applications.
- Agriculture/field robots controlled over 14% share of the professional service market in 2017.
- In volume terms, the logistic robots accounted for maximum share of the overall professional service robotics volume in 2017.
- The medical robots accounted for single digit share of the professional service robotics volume in 2015, due to expensive nature of these devices.
- Household robots accounted for maximum share of the personal and domestic service robotics market in 2017.
- It is anticipated that the entertainment and leisure robot will account for nearly 30% share of the personal and domestic service robotics market by 2024.
Global Robotics Market - Key Players Sales and SWOT Analysis
1. KUKA AG
2. Adept Technology (Acquired by OMRON)
3. iRobot Corporation
4. Intuitive Surgical
5. Nachi-Fujikoshi
6. Yaskawa Electric Corporation
Key Topics Covered:
1. Executive Summary
2. Global Service Robotics Market and Forecast (2009 - 2024)
2.1 Global Professional Service Robotics Market and Forecast
2.2 Global Personal and Domestic Service Robotics Market and Forecast
3. Global Service Robotics Volume and Forecast (2009 - 2024)
3.1 Global Professional Service Robotics Volume and Forecast
3.2 Global Personal and Domestic Service Robotics Volume and Forecast
4. Global Service Robotics Market and Volume Share Analysis (2009 - 2024)
4.1 Global Service Robotics Market Share and Forecast - By Segment
4.2 Global Professional Service Robotics Market Share and Forecast - By Segment
4.3 Global Personal and Domestic Service Robotics Market Share and Forecast - By Segment
4.4 Global Service Robotics Volume Share and Forecast - By Segment
4.5 Global Professional Service Robotics Volume Share and Forecast- By Segment
4.6 Global Personal and Domestic Service Robotics Volume Share and Forecast- By Segment
5. Global Professional Service Robotics Market and Volume Forecast - By Segment (2009 - 2024)
5.1 Global Defense Robotics Market and Volume Forecast
5.2 Global Agriculture/Field Robotics Market and Volume Forecast
5.3 Global Logistic Robotics Market and Volume Forecast
5.4 Global Medical Robotics Market and Volume Forecast
5.5 Global Construction Robotics Market and Volume Forecast
5.6 Global Mobile Platforms Robotics Market and Volume Forecast
5.7 Global Inspection Robotics Market and Volume Forecast
5.8 Global Underwater Robotics Market and Volume Forecast
5.9 Global Rescue and Security Robotics Market and Volume Forecast
5.10 Global Cleaning Robotics Market and Volume Forecast
5.11 Global Exoskeleton Robotics Market and Volume Forecast
5.12 Global Public Relation Robotics Market and Volume Forecast
5.13 Global All Others Robotics Market and Volume Forecast
6. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2009 - 2024)
6.1 Global Household Robotics Market and Volume Forecast
6.2 Global Entertainment and Leisure Robotics Market and Volume Forecast
7. Key Player Analysis (2010 - 2024)
7.1 KUKA AG
7.2 Adept Technology (Acquired by OMRON)
7.3 Adept Technology - SWOT Analysis
7.4 iRobot Corporation - SWOT Analysis
7.5 Intuitive Surgical - SWOT Analysis
7.6 Nachi-Fujikoshi - SWOT Analysis
7.7 Yaskawa Electric Corporation - SWOT Analysis
8. Global Service Robotics Market - Growth Drivers
8.1 Growing Research and Development Expenditure
8.2 Technology Trends Shaping the Future of Robotics
8.3 Government Initiatives Drives Market for Robotics
8.4 Co-Bots Drives Robotics Industry
8.5 Improved Service, Increased Operational Efficiency and Safety
9. Global Service Robotics Market - Challenges
9.1 Human-Robot Interaction Challenges
9.2 The High Cost of Robots Restricts Market Growth
For more information about this report visit https://www.researchandmarkets.com/research/p9rkb9/global_service?w=12
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