The study involved four major activities in estimating the current size for service robotics market. Exhaustive secondary research was done to collect information on the market, related market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. Both top-down and bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary research process referred for this study include various secondary sources were referred to for identifying and collecting information related to this study. Secondary sources include annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles from recognized authors, directories, and databases. Secondary research was conducted to obtain key information about the industry’s supply chain, value chain, total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from the market- and technology-oriented perspectives.
After the complete market engineering (which includes calculations for market statistics, market breakdown, data triangulation, market size estimations, and market forecasting), extensive primary research was conducted to gather information and verify and validate the numbers obtained.
Secondary sources referred to for this research study include financial statements of companies offering service robotics market and information from various trade, business, and professional associations (Association for the Advancement of Artificial Intelligence (AAAI), International Federation of Robotics (IFR), IEEE Robotics And Automation Society). The secondary data was collected and analyzed to arrive at the overall size of the service robotics market, which was validated by primary respondents.
Primary Research
Primary sources mainly consist of several experts from the core and related industries, along with preferred solid-state battery providers, distributors, alliances, standards, and certification organizations related to various segments of this industry’s value chain.
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts such as Chief Experience Officers (CXOs), Vice Presidents (VPs), and Directors from business development, marketing, product development/innovation teams, and related key executives from solid-state battery providers, such as Blue Solutions (France), QuantumScape Corporation (US), ProLogium Technology Co, Ltd. (Taiwan), and Hitachi Zosen Corporation (Japan); research organizations, distributors, industry associations, and key opinion leaders. Following is the breakdown of primary respondents.
Note: The 3 tiers of the companies have been defined based on their total/segmental revenue as of 2022; Tier 1 = >USD 1 billion, Tier 2 = USD 1 billion–USD 500 million, and Tier 3 = USD 500 million. ‘Others’ includes sales, marketing, and product managers. RoW mainly includes South America and the Middle East & Africa.
About the assumptions considered for the study, To know download the pdf brochure
Market Size Estimation
The market sizing used to estimate and validate the size of the service robotics market and other dependent submarkets include the complete engineering process, such as top-down and bottom-up approaches and several data triangulation methods. Key players in the market have been determined through primary and secondary resources. This complete research methodology involved the study of the annual and financial reports of top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) about the service robotics market. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in the report.
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from demand and supply sides. The market size was also validated using top-down and bottom-up approaches.
Market Definition
A service robot operates with partial assistance or full autonomy to perform services useful for the well-being of humans or equipment, excluding manufacturing operations. A service robot used for noncommercial tasks is called a personal/domestic robot, e.g., 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, e.g., 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
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To describe and forecast the service robotics market by environment, type, component, and application in terms of value
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To describe and forecast the market for four main regions: North America, Europe, Asia Pacific, 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 provide a detailed overview of the value chain and ecosystem of the service robotics market
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To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
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To analyze opportunities in the market for various stakeholders by identifying the high-growth segments of the market
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To benchmark market players using the proprietary Company Evaluation Quadrant framework, which analyzes the players under various parameters within the broad categories of business strategy excellence and strength of product portfolio
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To strategically profile key players and comprehensively analyze their market position in terms of rankings and core competencies2, and provide the competitive landscape of the market
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To analyze competitive developments such as acquisitions, product launches, and research and development in the service robotics market
HIGHEST CAGR MARKET IN 2023
CANADA FASTEST GROWING MARKET IN THE 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..