The global Service Robot market was valued at 1242.18 Million USD in 2021 and will grow with a CAGR of 19.62% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Service robot is an actuated mechanism programmable in two or more axes with a degree of autonomy, moving within its environment, to perform intended tasks. Autonomy in this context means the ability to perform intended tasks based on current state and sensing, without human intervention. A service robot is a robot that performs useful tasks for humans or equipment excluding industrial automation application.Japan alone had 26% revenue share of the global service robotics market from 2011 to 2015. With the domestic policies supporting, it is expected that the Japan market with sharply strengthen in the next five years, which will account for about 31% revenue market share. Service robots are viewed as necessary devices for providing individuals with a high quality of life and social well-being. With this view, the development of nursing and medical robots developed for elderly individuals is strongly expected.

By Market Verdors:

Intuitive Surgical

IRobot

Dyson

Neato Robotics

Sharp

Toshiba

Panasonic

Gecko Systems

Northrop Grumman Corporation

ECA Group

Kongsberg Maritim

Fujitsu Frontech Limited

Kawasaki

REWALK

Sony

Honda

Toyota

SoftBank

Hitachi

ALSOK

By Types:

Personal Service Robots

Professional Service Robots

By Applications:

Household Robots

Education/Entertainment Robots

Nursing/Rehabilitation Robots

Medical Robots

Agriculture, Forestry, Livestock Farming and Fisheries Robots

Logistic Robots

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.

Assess the production processes, major issues, and solutions to mitigate the development risk.

To understand the most affecting driving and restraining forces in the market and its impact in the global market.

Learn about the market strategies that are being adopted by leading respective organizations.

To understand the future outlook and prospects for the market.

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