Service Robotics Market Size: Industry Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2024

Businesses are likely to the tap the prevailing opportunities to boost service robotics market outlook, with robotics walking in the footsteps of consumerization. Lately, robotics has gained impetus, thanks to open source contributions and infusion of funds. The next-gen robots have the innate ability of handling a wide range of variability, enabling navigation and task completion with synergy effects.

Demand for robots to handle, track and transport goods; to monitor patients, streamline transportation within hospitals; and handle and transfer package products will become noticeable in the next half-a-decade.

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Service robotics has witnessed an unprecedented demand from professional application, most notably—defense—spearheading a tectonic shift in reducing the number of humans in military defense, subsequently helping minimize number of military casualties.

Unmanned ground vehicles (UGVs) have become highly sought-after to foil terrorist activities and perform dull and dirty. Notably, UGVs will continue to set the trend in factors, including manual work reduction; risk avoidance; high quality of performance and productivity; and operative capacity increase.

Service robotics market players are likely to up their efforts in R&D activities to introduce new modulate robotic platforms which will boost the modus operandi in undefined areas and environments.

With the current boom in AI spurring a new wave of interest in robotics, entertainment industry is likely to be taken over by robots. Robotics has become a crowd puller: making stage performance captivating; making action sequence realistic; bringing crowd attraction to life; and rendering in-home entertainment service.

Collaborative robots—Cobots—have set the trend in manipulating objects, including cameras for high-speed film sequence and high-precision with 360-degree rotation. Simply put, cobots can perform mundane movements, such as shooting movie scenes without getting tired.

Robotics has prompted entertainment industry players to use its service in concerts and promotional events. Robotics has become the mega-trend in TV ads, trade shows and conferences. From performing high risk tasks to wooing audience, service robotics will continue to expand its footprints in entertainment landscape.

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Over the past several years, Brazil has emerged on the global platform as a pivotal market in Latin America service robotics landscape. For instance, wheeled robots are highly desirable to transport goods through hospitals, warehouses and factories; explore outer space; and inspect infrastructure and pipelines.

Not to mention exoskeletons has become the next big thing in construction, warehouse and military applications for repetitive movement of heavy objects. Besides, trend for exoskeletons in healthcare settings for patient rehabilitation will surge in LATAM.

Speaking of the competitive landscape, service robotics market encompasses some prominent firms along the likes of Samsung Electronics, AeroVironment Inc., Parrot SA, Bluefin Robotics, 3D Robotics, Intuitive Surgical Inc., Softbank Robotics, and 3D Robotics.

 Major Key Points from Table of Content:

Chapter 4.   Service Robotics Market, By Product

4.1.  Global service robotics market share by product, 2016 & 2024

4.2.  Professional

4.2.1. Market estimates and forecast, 2013 - 2024

4.2.2. Market estimates and forecast, by region, 2013 - 2024

4.3.  Personal

4.3.1. Market estimates and forecast, 2013 - 2024

4.3.2. Market estimates and forecast, by region, 2013 – 2024

Chapter 5.   Service Robotics Market, By Application

5.1.  Global service robotics market share by application, 2016 & 2024

5.2.  Professional

5.2.1. Market estimates and forecast, 2013 - 2024

5.2.2. Market estimates and forecast, by region, 2013 – 2024

5.2.3. Defense

5.2.3.1.       Market estimates and forecast, 2013 - 2024

5.2.3.2.       Market estimates and forecast, by region, 2013 – 2024

5.2.4. Field

5.2.4.1.       Market estimates and forecast, 2013 - 2024

5.2.4.2.       Market estimates and forecast, by region, 2013 – 2024

5.2.5. Healthcare

5.2.5.1.       Market estimates and forecast, 2013 - 2024

5.2.5.2.       Market estimates and forecast, by region, 2013 – 2024

5.2.6. Logistics

5.2.6.1.       Market estimates and forecast, 2013 - 2024

5.2.6.2.       Market estimates and forecast, by region, 2013 – 2024

5.2.7. Others

5.2.7.1.       Market estimates and forecast, 2013 - 2024

5.2.7.2.       Market estimates and forecast, by region, 2013 - 2024

5.3.  Personal

5.3.1. Market estimates and forecast, 2013 - 2024

5.3.2. Market estimates and forecast, by region, 2013 – 2024

5.3.3. Household

5.3.3.1.       Market estimates and forecast, 2013 - 2024

5.3.3.2.       Market estimates and forecast, by region, 2013 – 2024

5.3.4. Entertainment

5.3.4.1.       Market estimates and forecast, 2013 - 2024

5.3.4.2.       Market estimates and forecast, by region, 2013 – 2024

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