Report Overview

Global Service Robotics Market - Industry Trends & Forecast Report 2028 

Global Service Robotics market is expected to grow from USD 35.1 billion in 2021 to USD 158.0 billion in 2028 at a CAGR of 24.2% during the forecast period of 2022-2028.  The market's growth can be attributed to the increasingly high adoption of robots for varied applications as they provide high returns on investment, increasing demand for automation, increment in funding for research and development, and soaring labor costs.  COVID 19 pandemic has also created a huge demand for the service robotics owing to the need to reduce human-to-human contact in order to prevent hospital-acquired infections as well as for delivery by major e-commerce sites.

Service Robotics Overview 

Service robots are machines or computer-based systems that assist humans in performing tedious, dangerous, and useful tasks.  They can operate either semi- or fully automatically.  They ensure enhanced workplace safety and efficiency.  This is due to advantages like escalated productivity, streamlined processes, delivery of accurate and high-quality services, reliability, higher returns on investment, and lower operational costs.  Professions like automotive, healthcare, e-commerce, food and beverages require high efficiency, thus escalating the demand for automation.  As a result, service robots are finding rampant adoption in these professions, among others like defense and security, forestry, logistics, construction, and professional cleaning.

Global Service Robotics Market

Growth Drivers 

Rising Technological Advancements with The Integration Of AI, ML, And IoT In Robots For Cost-Effective Predictive Maintenance

The emergence of new technological advancements like AI, Machine learning, Internet of Things has brought about a demand for more automation.  An IoT-based solution allows storing terabytes of data and parallelly running machine learning (ML) algorithms on several computers to forecast potential hazards.  Such technological innovations have multiplied the possibilities for service robotics leading to greater market growth of the sector.  For instance- The International Federation of Robotics (IFR) declared that since the past two decades, the number of robots has surged three-folds due to these technological advancements and is expected to follow the trend in upcoming years.

Growth Restraint

High Initial Investment and Concerns Over Data Privacy and Regulations

High initial investment is required in the service robotics for programming, integration processes, procurements, and accessories.  Moreover, the increasing adoption of robots for several purposes chores leads to the storage of sensitive personal information on the cloud, which can be purchased by third parties like marketing and database agencies, thus infringing upon their privacy.  So these ethical issues are involved in data ownership, especially with the rise of software services for robotics.  For instance, Google (US) and Amazon (US) enabled voice.  The voice from these devices can be intruded upon and misused and leads to impeding the market growth.

Impact of COVID-19 On Global Service Robotics Systems

The COVID-19 pandemic has affected the service robotics market value chain considerably.  The pandemic has adversely affected the US, China, and Japan, which are expected to account for significant shares of the service robotics market.  Various industries, like automotive and aerospace & defense, were adversely impacted by COVID-19, but they showed resilience as 2020 ended, and they began 2021 with a slight gain in growth rate.  The pandemic is expected to boost the adoption of a service robot further.  They are utilized for performing various tasks like contactless sanitation operations and disinfection, delivering medications and food, and assisting in border controls.  For instance, according to IFR (International Federation of Robotics), Chinese hospitals ordered more than 2,000 disinfection UVD robots by Danish manufacturer Blue Ocean Robotics.

Global Service Robotics Market – By Component

Based on the component, the global service robotics market can be segmented into hardware and software.  The hardware segmentation consists of the airframe, sensors, cameras, actuators, power supply, and others. The hardware segmentation accounts for the higher market share in 2021, owing to the high operation costs, expensive sensors and control units on service robots, and innovative designs required for hardware robots.  In terms of software segmentation, it is estimated to grow at a higher rate in the coming years as the deployment of service robots is becoming more application-specific.

Global Service Robotics Market – By Environment

Based on the environment, the global service robotics market can be divided into aerial, ground, and marine.  Amidst these, the aerial segment consists of commercial drones and consumer drones.  The aerial service robot market is estimated to grow at the highest CAGR due to large-scale adoption by various industries like defense, land-planning, entertainment, agriculture, and the governments for inspection purposes.  The aerial service robot market is followed by the ground and marine service robot markets in terms of global service robotics market share.

Global Service Robotics Market – By Type

The global service robotics market can be fragmented into two categories based on the type professional and personal or domestic.  Professional service robots automatize time-consuming, repetitive, and menial tasks, allowing human workers to focus on more intellectual functions.  The professional type of service robots market accounted for the largest share of the market.  They are widely adopted in various industries like healthcare, defense, etc.  Contrastly, the market for personal robots is estimated to grow at a higher CAGR during the forecast period.

Global Service Robotics Market – By Application

On the basis of application, the global service robotics market is segmented into the following categories domestic, medical field, defense-rescue-security, entertainment-education-personal, public relation, inspection and maintenance, logistics, construction, and demolition, marine research, and space exploration.  The defense segment catered the largest market share in 2021, owing to the large-scale adoption and deployment of UAV (unmanned aerial vehicles) in the industry due to their remarkable ability to protect soldiers.  Others segmentations like medical, inspection, domestic, etc., are projected to show a healthy market growth rate owing to the large-scale adoption of service robots.

Global Service Robotics Market – Regional Insights

On the basis of regions, the global service robotics market has been segmented into five categories- North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa.  Amidst these, North America dominates the service robotics market due to the increasing demand from the healthcare sector for therapy.  The region with the highest CAGR in the Asia-Pacific due to the high, increasing development and deployment of service robots by countries like China, India, and Japan.

Competitive Landscape 

The key players dominating the global service robotics market are iRobot, SoftBank Robotics Group, Intuitive Surgical, Daifuku CYBERDYNE, DJI, DeLaval, Kongsberg Maritime, Northrop Grumman.  Besides these, XAG, AMP Robotics, UVD Robots, Diligent, HARVEST CROO, Starship Technologies, Exyn Technologies and other prominent players.  The players maintain their dominance in the market by investing and launching improved products for the customers.  Different strategies are adopted, like engaging in strategic alliances and collaborations.

Recent Development

• In September 2021: Along with a pilot operation at the KIA Motors plant in South Korea, Hyundai Motor Group introduced factory safety robots at its plant. The robot is based on the quadruped robot Spot from Boston Dynamics, integrating AI and autonomous navigation.

• In September 2020: SoftBank Robotics Group collaborated with Bear Robotics, robotics, and artificial intelligence company, to develop a new robot named SERVI to be deployed in the foodservice and hospitality industry.  SERVI has been developed to assist staff and levitate the overall customer experience.

Scope of Report:

By Component 

• Hardware
• Software

By Environment

• Aerial
• Ground
• Marine

By Type

• Professional
• Personal and Domestic

By Application

• Domestic
• Medical Field
• Defense, Rescue, and Security
• Entertainment, Education, and Personal
• Public Relation
• Inspection and Maintenance
• Others (Logistics, Construction and Demolition, Marine and Research-Space Exploration)

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East and Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Service Robotics Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Service Robotics Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Component
         1. Hardware
         2. software
      2. By Environment
         1. Aerial
         2. Ground
         3. Marine
      3. By Type
         1. Professional
         2. Personal and domestic
      4. By Application
         1. Domestic
         2. Medical Field
         3. Defence-Rescue-Security
         4. Entertainment-Education-Personal
         5. Public Relation
         6. Inspection and Maintenance
         7. Others (Logistics, Construction and Demolition, Marine Research and Space Exploration)
      5. , By Region
         1. North America
         2. Europe
         3. Asia Pacific
         4. Latin America
         5. Middle East and Africa
6. North America Service Robotics Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Component
      2. By Environment
      3. By Type
      4. By Application
      5. By Country
         1. United States
         2. Canada
7. Europe Service Robotics Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Component
      2. By Environment
      3. By Type
      4. By Application
      5. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. Asia Pacific Service Robotics Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Component
      2. By Environment
      3. By Type
      4. By Application
      5. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of Asia Pacific
9. Latin America Service Robotics Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Component
      2. By Environment
      3. By Type
      4. By Application
      5. By Country
         1. Brazil
         2. Mexico
         3. Rest of Latin America
10. Middle East & Africa Service Robotics Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Component
       2. By
       3. By Type
       4. By Application
       5.        By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of Middle East & Africa
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of COVID-19 on Global Service Robotics Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. iRobot
    2. SoftBank Robotics Group
    3. Intuitive Surgical
    4. Daifuku
    5. CYBERDYNE
    6. DJI
    7. DeLaval
    8. Kongsberg Maritime
    9. Northrop Grumman
    10. XAG
    11. AMP Robotics
    12. UVD Robots
    13. Diligent
    14. HARVEST CROO
    15. Starship Technologies
    16. Exyn Technologies
    17. Other Prominent Players
14. Key Strategic Recommendations

List of Figures

 Figure 1        Global Service Robotics Market Segmentation

Figure 2        Global Service Robotics Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global Service Robotics Market Size, By Value (USD Billion), 2018-2028

Figure 5        Global Service Robotics Market Share, By Component, By Value, 2018-2028

Figure 6        Global Service Robotics Market Share, By Environment, By Value, 2018-2028

Figure 7        Global Service Robotics Market Share, By Type, By Value, 2018-2028

Figure 8        Global Service Robotics Market Share, By Application, By Value, 2018-2028

Figure 9        Global Service Robotics Market Share, By Region, By Value, 2018-2028

Figure 10       North America Service Robotics Market Size, By Value (USD Billion), 2018-2028

Figure 11       North America Service Robotics Market Share, By Component, By Value, 2018-2028

Figure 12       North America Service Robotics Market Share, By Environment, By Value, 2018-2028

Figure 13       North America Service Robotics Market Share, By Type, By Value, 2018-2028

Figure 14       North America Service Robotics Market Share, By Application, By Value, 2018-2028

Figure 15       North America Service Robotics Market Share, By Country, By Value, 2018-2028

Figure 16       Europe Service Robotics Market Size, By Value (USD Billion), 2018-2028

Figure 17       Europe Service Robotics Market Share, By Component, By Value, 2018-2028

Figure 18       Europe Service Robotics Market Share, By Environment, By Value, 2018-2028

Figure 19       Europe Service Robotics Market Share, By Type, By Value, 2018-2028

Figure 20       Europe Service Robotics Market Share, By Application, By Value, 2018-2028

Figure 21       Europe Service Robotics Market Share, By Country, By Value, 2018-2028

Figure 22       The Asia-Pacific Service Robotics Market Size, By Value (USD Billion), 2018-2028

Figure 23       The Asia-Pacific Service Robotics Market Share, By Component, By Value, 2018-2028

Figure 24       The Asia-Pacific Service Robotics Market Share, By Environment, By Value, 2018-2028

Figure 25       The Asia-Pacific Service Robotics Market Share, By Type, By Value, 2018-2028

Figure 26       The Asia-Pacific Service Robotics Market Share, By Application, By Value, 2018-2028

Figure 27       The Asia-Pacific Service Robotics Market Share, By Country, By Value, 2018-2028

Figure 28       Latin America Service Robotics Market Size, By Value (USD Billion), 2018-2028

Figure 29       Latin America Service Robotics Market Share, By Component, By Value, 2018-2028

Figure 30       Latin America Service Robotics Market Share, By Environment, By Value, 2018-2028

Figure 31       Latin America Service Robotics Market Share, By Type, By Value, 2018-2028

Figure 32       Latin America Service Robotics Market Share, By Application, By Value, 2018-2028

Figure 33       Latin America Service Robotics Market Share, By Country, By Value, 2018-2028

Figure 34       The Middle East & Africa Service Robotics Market Size, By Value (USD Billion), 2018-2028

Figure 35       The Middle East & Africa Service Robotics Market Share, By Component, By Value, 2018-2028

Figure 36       The Middle East & Africa Service Robotics Market Share, By Environment, By Value, 2018-2028

Figure 37       The Middle East & Africa Service Robotics Market Share, By Type, By Value, 2018-2028

Figure 38       The Middle East & Africa Service Robotics Market Share, By Application, By Value, 2018-2028

Figure 39       The Middle East & Africa Service Robotics Market Share, By Country, By Value, 2018-2028

List of Tables

 Table 1         Global Service Robotics Market Size, By Component, By Value, 2018-2028

Table 2         Global Service Robotics Market Size, By Environment, By Value, 2018-2028

Table 3         Global Service Robotics Market Size, By Type, By Value, 2018-2028

Table 4         Global Service Robotics Market Size, By Application, By Value, 2018-2028

Table 5         Global Service Robotics Market Size, By Region, By Value, 2018-2028

Table 6         North America Service Robotics Market Size, By Component, By Value, 2018-2028

Table 7         North America Service Robotics Market Size, By Environment, By Value, 2018-2028

Table 8         North America Service Robotics Market Size, By Type, By Value, 2018-2028

Table 9         North America Service Robotics Market Size, By Application, By Value, 2018-2028

Table 10        North America Service Robotics Market Size, By Country, By Value, 2018-2028

Table 11        Europe Service Robotics Market Size, By Component, By Value, 2018-2028

Table 12        Europe Service Robotics Market Size, By Environment, By Value, 2018-2028

Table 13        Europe Service Robotics Market Size, By Type, By Value, 2018-2028

Table 14        Europe Service Robotics Market Size, By Application, By Value, 2018-2028

Table 15        Europe Service Robotics Market Size, By Country, By Value, 2018-2028

Table 16        The Asia-Pacific Service Robotics Market Size, By Component, By Value, 2018-2028

Table 17        The Asia-Pacific Service Robotics Market Size, By Environment, By Value, 2018-2028

Table 18        The Asia-Pacific Service Robotics Market Size, By Type, By Value, 2018-2028

Table 19        The Asia-Pacific Service Robotics Market Size, By Application, By Value, 2018-2028

Table 20        The Asia-Pacific Service Robotics Market Size, By Country, By Value, 2018-2028

Table 21        Latin America Service Robotics Market Size, By Component, By Value, 2018-2028

Table 22        Latin America Service Robotics Market Size, By Environment, By Value, 2018-2028

Table 23        Latin America Service Robotics Market Size, By Type, By Value, 2018-2028

Table 24        Latin America Service Robotics Market Size, By Application, By Value, 2018-2028

Table 25        Latin America Service Robotics Market Size, By Country, By Value, 2018-2028

Table 26        The Middle East & Africa Service Robotics Market Size, By Component, By Value, 2018-2028

Table 27        The Middle East & Africa Service Robotics Market Size, By Environment, By Value, 2018-2028

Table 28        The Middle East & Africa Service Robotics Market Size, By Type, By Value, 2018-2028

Table 29        The Middle East & Africa Service Robotics Market Size, By Application, By Value, 2018-2028

Table 30        The Middle East & Africa Service Robotics Market Size, By Country, By Value, 2018-2028

Table 31        Softbank Robotics Group Company Overview

Table 32        Softbank Robotics Group Financial Overview

Table 33        Daifuku Company Overview

Table 34        Daifuku Financial Overview

Table 35        CYBERDYNE Company Overview

Table 36        CYBERDYNE Financial Overview

Table 37        Delaval Company Overview

Table 38        Delaval Financial Overview

Table 39        Northrop Grumman Company Overview

Table 40        Northrop Grumman Financial Overview

Table 41        XAG Company Overview

Table 42        XAG Financial Overview

Table 43        AMP Robotics Company Overview

Table 44        AMP Robotics Financial Overview

Table 45        UVD Robots Company Overview

Table 46        UVD Robots Financial Overview

Table 47        Diligent Company Overview

Table 48        Diligen Financial Overview

Table 49        HARVEST CROO Company Overview

Table 50        HARVEST CROO Financial Overview

Table 51        Starship Technologies Company Overview

Table 52        Starship Technologies Financial Overview

Table 53        Exyn Technologies Company Overview

Table 54        Exyn Technologies Financial Overview