The market for social robots has reached $ 7.9 billion in 2017, an increase of 7.0% over the previous year. Professional service robots accounted for two-third of the overall market and are expected to account for a major share of the service robotics market through 2023. The increase in market is expected to be driven by the increasing demand for logistics robots in manufacturing and non-manufacturing sectors, defense applications robots, and inspection and maintenance robots.
Robots have now moved beyond the realm of traditional jobs doing repetitive functions, such as assembling of parts and welding, in the manufacturing and automotive industries. With the advancement in technologies, robots are becoming smarter and intelligent fostering the dissemination of new technologies and new innovations advancing the ability of robotics to assist and support humans perform several tasks. Service robots are slowly becoming ubiquitous, delivering newer efficiencies across several applications from assisting in personal tasks to professional services. With the growing integration of robotics with digital forces, such as cloud, artificial intelligence, and analytics, service robotics are bridging the gap between theory and practice in all areas of robotics and intelligent systems.
The value chain of the service robotics ecosystem comprises several companies and research institutes to provide several activities from research and design to manufacturing and assembly of components to services. Service robotics are witnessing signs of robotic revolution with several startups entering the space backed by several venture capitalists as well large conglomerates incubating the newer technologies. Companies in the robotic value chain range from diverse applications.
The focus of service robotics is shifting to the advanced robots with high level of artificial intelligence in terms of their interaction with the environment and the ability to continuously improve their decision making based on external feedback. Service robots have potential market in several new applications across several sectors, including logistics, education, defense and security, healthcare, agriculture and forestry, entertainment, space, domestic tasks, personal and elderly assistance, home security. Several companies are focusing on developing world class robots that are human friendly and add value to the people and businesses that deploy them.
The market for social robotics is expected to be driven by the Shift from trend from the strictly structured environments into the unstructured environments and also shorter payback period and higher return on investment. Growing demand for drones from military and non-military applications also expected to boost the demand for drones. However, increase in aging population across the world would encourage the demand for rehabilitation of robots, growth potential across developing nations, persistent requirement of technologically advanced service robots, especially from defense and security verticals are presenting opportunities for service robotics. In addition, the advancements in self driving cars and artificial enabled social robots will have a potential market across the globe. Robots are expected to play a key role throughout the retail value chain including both front-end and back-end operations with the integration of big data and analytics and cloud computing, Pervasive Computing, and artificial intelligence.
Several social robots are expected to hit the market in 2018-2019 with the advanced technologies and capabilities to help humans of different age groups from kids to elderly assistance. In January 2018, Paaila Technology (Nepal) launched waiter robot, a smart, reliable and autonomous robot to take valued customers' food order from kitchen to table. The company also plans to launch Room Service Robot in February 2018. In January 2018, Aflac Incorporated (US) unveiled a smart robotic companion, “My Special Aflac Duck” for children who have cancers. In January at CES 2018, Aeolus Robotics launched the Aeolus Robot, a multifunctional in-home robot powered by artificial intelligence (AI) and machine learning. FoldiMate, Inc. (US) is expected to ship the improved model of robotic laundry folding machine for home use by late 2019.
North America has been dominating the market for service robotics and is expected to continue to account for the major market through 2023, followed by Europe. Technological advancements and new product developments have accounted for the major driving factor for North American market to hold the largest market share among all regions. Moreover, the presence of major players such as Amazon.Com, Inc. (U.S.), Bluefin Robotics (U.S.), iRobot Corporation (US), Google, Inc. (U.S.), Adept Technology, Inc. (U.S.), GeckoSystems Intl. Corp. (U.S.) and Northrop Grumman Corporation (U.S.) in the North American region also contribute significantly toward the growth of this market.
Some of the major companies dominating the service robotics market include KUKA AG (Germany), Bluefin Robotics (US), iRobot Corporation (US), Adept Technology, Inc. (US), Northrop Grumman Corporation (US), GeckoSystems Intl. Corp. (US), ECA Group (France), and Honda Motor Co., Ltd. (Japan).
1 Introduction
1.1 Goal & Objective
1.2 Study Scope
1.3 Assumptions and Limitations
1.4 Stakeholders/ Intended Audience
1.5 Research Methodology
2 Executive Summary
3 Market Outlook
3.1 Introduction
3.2 Current & Future Outlook
3.3 DROC
3.3.1 Drivers
3.3.1.1 Shift from trend from the strictly structured environments into the unstructured environments
3.3.1.2 Shorter payback period and higher return on investment
3.3.2 Restraints
3.3.2.1 High R&D expenses and Initial costs
3.3.3 Opportunities
3.3.3.1 Increasing demand for robots in the maintenance, security and rescue markets
3.3.3.2 Rising demand for assistive robots for supporting the elderly, for helping with household chores and for entertainment.
3.3.3.3 Integration of robotics with digital powers of analytics and cloud computing
3.3.4 Challenges
3.3.4.1 Performance in the untested environments
3.3.4.2 Integrating high level components and technologies within the budget and effort
3.3.4.3 Ensuring the safe operation when working along with humans
3.4 Value Chain & Ecosystem
4 Demand Market Analysis, by Operating Environment
4.1 Aerial
Market Estimates & Forecasts, 2017-2025
4.2 Ground-based
Market Estimates & Forecasts 2017-2025
4.3 Marine
Market Estimates & Forecasts, 2017-2025
5 Service Robotics Market, By Application
5.1 Professional Application
5.1.1 Market Estimates & Forecasts, 2017-2025
5.1.2 Defense
5.1.3 Field robotics
5.1.4 Inspection and maintenance systems
5.1.5 Construction and demolition
5.1.6 Logistic systems
5.1.7 Professional cleaning
5.1.8 Medical robotics
5.1.9 Rescue and security applications
5.1.10 Underwater systems
5.1.11 Powered human exoskeletons
5.1.12 Others (including Public-relations)
5.2 Personal Application
5.2.1 Market Estimates & Forecasts, 2017-2025
5.2.2 Domestic Tasks
5.2.3 Entertainment robots
5.2.4 Elderly and handicap assistance
5.2.5 Home security and surveillance
6 Service Robotics Market, By Application
6.1 North America
6.1.1 North America Market Size, By Country 2018-2023
6.1.2 North America Market Size, By Application 2018-2023
6.1.3 North America Market Size, By Professional Application 2018-2023
6.1.4 North America Market Size, By Personal Application 2018-2023
6.1.1.1 U.S.
6.1.1.1.1 U.S. Market Size, By Application 2018-2023
6.1.1.1.2 U.S. Market Size, By Professional Application 2018-2023
6.1.1.1.3 U.S. Market Size, By Personal Application 2018-2023
6.1.2.1 Canada
6.1.2.1.1 Canada Market Size, By Application 2018-2023
6.1.2.1.2 Canada Market Size, By Professional Application 2018-2023
6.1.2.1.3 Canada Market Size, By Personal Application 2018-2023
6.1.3.1 Mexico
6.1.2.1.1 Mexico Market Size, By Application 2018-2023
6.1.2.1.2 Mexico Market Size, By Professional Application 2018-2023
6.1.2.1.3 Mexico Market Size, By Personal Application 2018-2023
6.2 Europe
6.2.1 Europe Market Size, By Country 2018-2023
6.2.2 Europe Market Size, By Application 2018-2023
6.2.3 Europe Market Size, By Professional Application 2018-2023
6.2.4 Europe Market Size, By Personal Application 2018-2023
6.2.1.1 Germany
6.2.1.1.1 Germany Market Size, By Application2018-2023
6.2.1.1.2 Germany Market Size, By Professional Application 2018-2023
6.2.1.1.3 Germany Market Size, By Personal Application 2018-2023
6.2.1.2 Italy
6.2.1.2.1 Italy Market Size, By Application 2018-2023
6.2.1.2.2 Italy Market Size, By Professional Application 2018-2023
6.2.1.2.3 Italy Market Size, By Personal Application 2018-2023
6.2.1.3 France
6.2.1.3.1 France Market Size, By Application 2018-2023
6.2.1.3.2 France Market Size, By Professional Application 2018-2023
6.2.1.3.3 France Market Size, By Personal Application 2018-2023
6.2.1.4 UK
6.2.1.4.1 UK Market Size, By Application 2018-2023
6.2.1.4.2 UK Market Size, By Professional Application 2018-2023
6.2.1.4.3 UK Market Size, By Personal Application 2018-2023
6.2.1.5 Rest of Europe
6.2.1.5.1 Rest Of Europe Market Size, By Application 2018-2023
6.2.1.5.2 Rest Of Europe Market Size, By Professional Application 2018-2023
6.2.1.5.3 Rest Of Europe Market Size, By Personal Application 2018-2023
6.3 Asia-Pacific
6.3.1 Asia-Pacific Market Size, By Country 2018-2023
6.3.2 Asia-Pacific Market Size, By Application 2018-2023
6.3.3 Asia-Pacific Market Size, By Professional Application 2018-2023
6.3.4 Asia-Pacific Market Size, By Personal Application 2018-2023
6.3.1.1 China
6.3.1.1.1 China Market Size, By Application 2018-2023
6.3.1.1.2 China Market Size, By Professional Application 2018-2023
6.3.1.1.3 China Market Size, By Personal Application 2018-20223
6.3.2.1 India
6.3.2.1.1 India Market Size, By Application 2018-2023
6.3.2.1.2 India Market Size, By Professional Application 2018-2023
6.3.2.1.3 India Market Size, By Personal Application 2018-2023
6.3.3.1 Japan
6.3.3.1.1 Japan Market Size, By Application 2018-2023
6.3.3.1.2 Japan Market Size, By Professional Application 2018-2023
6.3.3.1.3 Japan Market Size, By Personal Application 2018-2023
6.3.4.1 Australia
6.3.4.1.1 Australia Market Size, By Application 2018-2023
6.3.4.1.2 Australia Market Size, By Professional Application 2018-2023
6.3.4.1.3 Australia Market Size, By Personal Application 2018-2023
6.3.5.1 Rest of APAC
6.3.5.1.1 Rest Of APAC Market Size, By Application 2018-2023
6.3.5.1.2 Rest Of APAC Market Size, By Professional Application 2018-2023
6.3.5.1.3 Rest of APACMarket Size, By Personal Application 2018-20223
6.4 Middle East & Africa
6.4.2 Middle East & Africa Market Size, By Application 2018-2023
6.4.3 Middle East & Africa Market Size, By Professional Application 2018-2023
6.4.4 Middle East & Africa Market Size, By Personal Application 2018-2023
6.5 South America
6.5.2 South America Market Size, By Application 2018-2023
6.5.3 South America Market Size, By Professional Application 2018-2023
6.5.4 South America Market Size, By Personal Application 2018-2023
7 Supply Market Analysis
7.1 Strategic Benchmarking
7.2 Market Share Analysis
7.3 Key Players (Company Snapshot, Product Portfolio, Financials, and Strategic Analysis)
7.3.1 Kuka AG
7.3.2 iRobot Corporation
7.3.3 Northrop Grumman Corporation
7.3.4 Kongsberg Maritime AS
7.3.5 Intuitive Surgical, Inc.
7.3.6 DJI
7.3.7 Bluefin Robotics Corporation
7.3.8 ECA Group
7.3.9 DeLaval International AB
7.3.11 Lely Holding S.à r.l.
7.3.7 Parrot SA
7.3.12 Omron Adept Technologies, Inc.
7.3.13 Aethon Inc
7.3.14 GeckoSystems Intl. Corp.
7.3.15 Honda Motor Co.,Ltd.
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach
Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.
Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis
Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price
Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image
