The study involved four major activities in estimating the current size of the service robotics market —exhaustive secondary research collected information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. These secondary sources include service robotics technology journals and magazines, annual reports, press releases, investor presentations of companies, white papers, certified publications and articles from recognized authors, and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
Various primary sources from both supply and demand sides have been interviewed in the primary research process to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the service robotics market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.
Note: Other designations include sales, marketing, and product managers. Tier 1 = USD 1 billion, Tier 2 = USD 0.5–1.0 billion, and Tier 3 = USD 0.5 billion.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the service robotics market and other dependent submarkets listed in this report.
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Extensive secondary research has identified key players in the industry and market.
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In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
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All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Service Robotics Market : Top-Down and Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed wherever applicable to complete the overall market engineering process and arrive at exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends identified from both the demand and supply sides.
Market Definition
A service robot operates with partial assistance or full autonomy to perform services for the well-being of humans or equipment, excluding manufacturing operations. A service robot used for noncommercial tasks is called a personal/domestic robot. This includes robotic vacuum cleaners and elderly assistance robots. A service robot used for commercial tasks and usually operated by a properly trained operator is called a professional robot. This includes surgical robots and automated guided vehicles (AGVs). The scope of the report also includes drones (commercial and consumer) and marine robots [remotely operated vehicles (ROVs), autonomous underwater vehicles (AUVs), and unmanned surface vehicles (USVs)].
Key Stakeholders
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Original equipment manufacturers (OEMs)
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OEM technology solution providers
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Research institutes
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Market research and consulting firms
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Forums, alliances, and associations
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Technology investors
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Governments and financial institutions
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Analysts and strategic business planners
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Existing and prospective end users
Report Objectives
The following are the primary objectives of the study.
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To forecast the size of the service robotics market, by environment, type, component, application, and region, in terms of value
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To define, describe, and forecast the service robotics market size, by type, in terms of volume
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To describe and forecast the market for various segments across four main regions: North America, Asia Pacific, Europe, and the Rest of the World (RoW), in terms of value
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To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the service robotics market
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To study the complete value chain and related industry segments and conduct a value chain analysis of the service robotics market landscape
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To strategically analyze the ecosystem, regulatory landscape, patent landscape, Porter’s Five Forces, import and export scenarios, Gen AI/AI impact, macroeconomic outlook, and case studies pertaining to the market under study
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To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contributions to the overall market
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To analyze opportunities for stakeholders by identifying high-growth segments in the market
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To strategically profile the key players and provide a detailed competitive landscape of the service robotics market
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To analyze strategic approaches adopted by leading players in the market, including product launches/developments, mergers, expansions, contracts, and acquisitions
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information:
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Detailed analysis and profiling of additional market players (up to 5)
LARGEST MARKET SHARE IN 2024-2029
CHINA FASTER-GROWING MARKET IN REGION
Renate
Oct, 2014
Interested in market size of defense service robots and also home service robots with information related to competitors and market projections..
Harrison
Jun, 2015
Interested in office and enterprise robotic applications, telepresence robots, trend toward robot vendors having SDKs..
Raphael
Jan, 2017
Hi, Is it possible to purchase only market for logistics? Do you have market reports on software, integration services, and operational services for logistics robots with, e.g., warehouse execution systems? .
Andrew
Sep, 2016
Please send me some sample info that I can use to get a client to buy the full report OR come back with a custom request. .
Harrison
Aug, 2016
In extrapolating the market growth, was the assumption that the market will be composed of unique robot hardware plus software applications? Or, did you consider a paradigm shift that would occur with a cloud-connected standard robot platform plus a robust 3rd party developer program based on an SDK and API by which software entrepreneurs can enter the market?.
Ruben
Aug, 2014
Interested on finding out how much semiconductor content, market potential per technology is present in the consumer or service robotics market..
Rory
Jul, 2015
I am specifically interested in the breakdown of the service robotics market by component and application..
Di
May, 2019
we want to understand the competitive landscape of the service robot market, and who are the leading players. Moreover, whether their products and techniques can be effectively used under the scenario of living community or workplace in china..
Yee
May, 2017
Hi, we are interested in the report and require additional information for existing report. We will communicate our requirements to you via email..