Service Robotics Market Growth Size is Estimated to Grow at Incredible CAGR till

1. Market Research Report EXCLUSIVE EDITION Global Service Robotics Market Research Report Global Industry Analysis, Forecast and Trends, 2021-2027 © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

2. Global Service Robotics Market Research Report Global Service Robotics Market Research Report © 2020 Statsville Consulting Private Limited Market Statsville Group (MSG) A part of Statsville Consulting Private Limited American Office American Office – 416, East Standsberry Street, Perkins, Oklahoma 74059, USA EMEA EMEA– 1165 Budapest 16 Diósy Lajos u. 24., Europe Asia Asia- -Pacific Office Pacific Office – F-178 Subhash Marg C Scheme, Ashok Nagar, Jaipur, Rajasthan, 302001 www.marketstatsville.com Disclaimer Disclaimer: : Any information and/or material provided by Statsville Consulting Private Limited, including any and all the analysis and/or research from Market Statsville Group (MSG), is offered to a selected group of customers in response to orders for such information, material, analysis, and/or research. As a customer of Statsville Consulting, you acknowledge that our information, material, and/or services are for your internal use only, and not for any external use and/or dissemination, or general publication, and/or disclosure to any third parties. Any and all the information and/or material provided by Statsville Consulting are based on primary interviews and/or secondary research, and are, therefore, subject to fluctuation and variance. Statsville Consulting takes no responsibility for any incorrect information and/or material supplied to us by sources we rely on, and no part of our analysis or research may be given, lent, resold, or disclosed to any third parties, including non-customers, without explicit or written permission from Statsville Consulting. Unauthorized reproduction and/or transmission of our information, material, analysis, and/or research in any form and by any means, including photocopying, mechanical/electronic recording,or otherwise, without the explicit and written permission of Statsville Consulting, is expressly and clearly prohibited. Any use of the information, material, analysis, and/or research provided by Statsville Consulting is at your sole risk; you acknowledge that the information, material, analysis, and/or research is provided “as is” and that Statsville Consulting provides no warranty of any kind, express or implied, with regard to the information, material, analysis, and/or research, including but not limited to, merchantability and fitness for any purpose and/or use. At the end, Statsville Consulting will be responsiblefor the final decision of any action. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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5. Service Robotics Market by Component (Hardware, Software), by Type (Professional, Personal), by Environment (Aerial, Ground, Marine), by End User (Logistics, Military, Defense, Healthcare, Construction, Agriculture), by Region - Global Forecast to 2027 Description Description The global service robotics market global service robotics market size is estimated to grow from USD 21.4 billion in 2020 of 28.17% from 2021 to 2027. Service robots in the military and defense sectors are gaining popularity for new applications, like bomb disposal. For instance, in December 2018, it was announced that the British Army would deploy bomb disposal robots, Unmanned Ground Vehicles (UGVs), which are equipped with high-definition cameras, an adjustable manipulation arm, and advanced haptic feedback, among others. Harris Corporation has been awarded the contract to deliver its T7 UGVs (56 robots) by December 2020 to the UK government. USD 21.4 billion in 2020 to USD 65.23 billion by 2027 USD 65.23 billion by 2027, at a CAGR South Korea, Japan, China, and Singapore are making considerable investments in AI R&D, including AI interface with robotics. . These recent efforts made by countries in Asia are rapidly narrowing the gap between their region and the United States. The market has also seen an influx of new companies, backed up by venture funding, including robotics companies, with robots for niche or specific tasks. Regulatory bodies, such as the FDA and USDA, have been encouraging these new startups to launch their solutions into the market for industries from food processing to the healthcare sector. . . © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | . +1-580-205-2707 | +91-702-496-8807

6. The factors mentioned above are expected to drive the adoption of service robots over the forecast period. Additionally, the increasing demand for automated solutions from dynamic industries, like e-commerce/retail, is also expected to drive the deployment of service robots, making the segment faster growing than the industrial robots segment. The service robots market is fragmented and comprises several global and publically traded companies vying for attention in a somewhat contested market space. Further, major strategic decisions in publicly listed service robot companies are expected to change the competitive landscape. For instance, the acquisition of Bastian Solutions, a significant material handling company, indicates Toyota Industries' intention to strengthen its presence across the North American materials handling solutions industry amid the e-commerce boom. Get a Sample PDF copy of the Report: Get a Sample PDF copy of the Report: - - https://www.marketstatsville.com/request-sample/service-robotics-market Global Service Robotics Market Global Service Robotics Market Dynamics Dynamics Drivers: Increasing Demand for Automated Solutions from Dynamic Industries and Robot Drivers: Increasing Demand for Automated Solutions from Dynamic Industries and Robot Innovations Innovations Service productivity and process improvement have gained importance across the service industry, as they can dramatically drive down the delivery cost. Supported by this are the robot innovations taking place, allowing these service industries to operate autonomously, with augmented human capability and capacity. More extended training and onboarding, rising benefit and compensation rates, and shortages in labor are some of the significant factors driving more and more warehousing, distribution, and fulfillment facilities to invest in automated solutions. As technology improves and the applications become broader and more flexible, robotics is being adopted by a more significant number of warehouse operations across regions. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

7. Restraints: High Cost of Restraints: High Cost of Installation Installation The higher costs of robotic systems are associated with effective and robust hardware and efficient software. Automation equipment includes higher capital expenditure required to invest in automation technologies (an automated system can cost millions of dollars to design, fabricate, and install). Moreover, these products need periodic maintenance, and the pressure lies on the end user of that equipment, which faces maintenance costs through the robots' lifetimes. For instance, the price of da Vinci, a surgical robot, is about USD 1.5 million and costs around USD 1,900 in replacement parts per operation. These factors are expected to challenge the adoption. These products also require a higher level of maintenance than a manually operated machine. Generally, they have a lower degree of flexibility regarding possible products (even flexible automation is less flexible than humans, the most versatile machines of all). Scope of the Scope of the Report Report The study categorizes the service robotics market based on component, type, environment, end user, and regions. By Component Outlook (Volume, Thousand Units, Value, USD Million, 2017 By Component Outlook (Volume, Thousand Units, Value, USD Million, 2017- -2027 2027) ) Hardware Airframe Sensors Cameras Actuators © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

8. Power Supply Control Systems Navigation Systems Propulsion Systems Others Software By Type Outlook (Volume, Thousand Units, Value, USD Million, 2017 By Type Outlook (Volume, Thousand Units, Value, USD Million, 2017- -2027 2027) ) Professional Personal and Domestic By Environment Outlook (Volume, Thousand Units, Value, USD Million, 2017 By Environment Outlook (Volume, Thousand Units, Value, USD Million, 2017- -2027 2027) ) Aerial Ground Marine © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

9. By End User Outlook (Volume, Thousand Units, Value, USD Million, 2017 By End User Outlook (Volume, Thousand Units, Value, USD Million, 2017- -2027 2027) ) Logistics Military and Defense Medical and Healthcare Public Relations Construction Agriculture By Region Outlook (Volume, Thousand Units, Value, USD Million, 2017 By Region Outlook (Volume, Thousand Units, Value, USD Million, 2017- -2027 2027) ) North America (US, Mexico, Canada) South America (Brazil, Argentina, Peru, Colombia, Rest of Latin America) Europe (Germany, Italy, UK, France, Spain, Poland, Slovenia, Slovakia, Hungary, Russia, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe) Asia Pacific (China, Japan, South Korea, Indonesia, Malaysia, India, Vietnam, Myanmar, Cambodia, the Philippines, Thailand, Singapore, Australia & New Zealand, Rest of Asia Pacific) The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA) Buy an exclusive copy: Buy an exclusive copy: - - https://www.marketstatsville.com/buy-now/service-robotics-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

10. Professional Robots, by End Professional Robots, by End- -User, is estimated to be the fastest User, is estimated to be the fastest- -growing segment during the forecast growing segment during the forecast period period Based on the type, the global service robotics market has been segmented into logistics, military and defense, medical and healthcare., public relations, construction, and agriculture. Professional Robots accounted for the fastest-growing segment with a CAGR of 27.42% during the forecast period 2021-2027. Autonomous guided vehicles in manufacturing and non-manufacturing environments, outdoor logistics, personal transportation, and cargo handling are some of the significant service robots considered in the scope of logistics. The demand for service robots in logistics is on the rise, owing to the growing demand in the e-commerce sector, followed by the increasing efforts by industries to reduce the labor cost and optimize the processing speed. The primary application of logistics service robots is the use of mobile AGVs in warehouses and storage facilities for transporting goods. Singapore Technologies Engineering has developed robots that can be operated in warehouses, factories, and other spaces, in the logistics sector. Asia Pacific accounts for the highest CAGR during the forecast period in the service robotics market. Asia Pacific accounts for the highest CAGR during the forecast period in the service robotics market. Based on region, the global service robotics market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific witnessed the highest CAGR of 26.64% in the global service robotics market over the forecast period. The Asia-Pacific service robotics market is analyzed across China, India, Japan, South Korea, Southeast Asia, Australia, and the rest of Asia Pacific. In the Asia Pacific, the Chinese government has plans for the country's robotics industry. The government has listed down the robotics industry, along with AI and automation, as one of the priorities of sectors for high-end development to push forward the transformation and up-gradation of the manufacturing industry. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

11. Request for Report TOC, Table of Figure, Chart, Request for Report TOC, Table of Figure, Chart, etc market etc: :- -https://www.marketstatsville.com/table-of-content/service-robotics- Key Market Key Market Players Players The global service robotics market is fragmented into a few significant players they are Daifuku Co. Ltd, Dematic Corp., Swisslog Holding AG (KUKA), Northrop Grumman Corporation, Seegrid Corporation, Murata Machinery Ltd, Omron Adept Technology, Inc., Bastian Solutions Inc., JBT Corporation, SSI Schaefer AG, Grenzebach GmbH & Co. KG, Transbotics Corporation, Mazor Robotics Ltd, Smith & Nephew PLC, Stryker Corp., Intuitive Surgical Inc., Knightscope Inc., SZ DJI Technology Co. Ltd, and Kollmorgen Corporation. These market players are adopting growth strategies to strengthen their position in the market. Product launches and partnerships are the key growth strategies adopted by different key players in the market. Recent Recent Developments Developments In April 2019, Daifuku announced that it completed the acquisition of Vega Conveyors and Automation Private Limited, a prominent material handling vendor based in India. The acquisition is expected to strengthen the company's localization strategy. The company is likely to benefit from the growing demand for automation in the Asia-Pacific region. In December 2017, Dematic announced the integration of Egemin Automation with Dematic by consolidating the Egemin brand into a single global Dematic brand. Since the start of 2018, Egemin's warehouse automation solutions have been globally branded and available as Dematic. © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

12. In February 2018, Muratec acquired AGVE. The global AGV market has shown significant growth in recent years. AGVE is a leading company in this market, demonstrating success in large industries, such as automotive, electronics, healthcare, etc. With high technical expertise and unique solutions, AGVE has expanded its business to over 20 countries worldwide, including Central Europe and the Nordic countries, where it offers direct sales services. At the same time, in the United States and the United Kingdom, its subsidiaries exist. Key Issues Key Issues Addressed Addressed What is the market size by various segmentation of the service robotics by region and its respective countries? What are the customer buying behavior, key takeaways, and Porter's five forces of the service robotics market? What are the key opportunities and trends for manufacturers involved in the service robotics supply chain? What are the fundamental dynamics (drivers, restraints, opportunities, and challenges) of the market? What and how are regulations, schemes, patents, and policies impacting the growth of the market? What are the upcoming technological solutions influencing market trends? How will existing companies adapt to the new change in technology? The market player positioning, top winning strategies by years, company product developments, and launches will be? How has COVID-19 impacted the demand and sales of service robotics in the global market? Also, the expected BPS drop or rise count of the market and market predicted recovery period. Detailed analysis of the competitors and their latest launch, and what are the prominent startups introduced in the target market? Also, detailed company profiling of 25+ leading and prominent companies in the market. Request For Report Analysis: Request For Report Analysis: - - https://www.marketstatsville.com/service-robotics-market © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

13. Research Methodology Market Statsville Group (MSG) research is conducted by industry experts who offer insight into industry structure, market segmentation, product assessment, competitive landscape (CL), penetration, as well as on emerging trends. Besides primary interviews (~80%) and secondary research (~20%), their analysis is based on their years of professional expertise in respective industries. Our analysts also predict where the market will be headed in the next five to ten years by analyzing historical trends and current market positions. Furthermore, the varying trends of the segments and categories are geographically presented, studied, and estimated based on primary and secondary research. Primary Primary Research Research – – Extensive primary research was conducted to gain a deeper insight into the market and industry performance. In this particular report we have conducted primary surveys (interviews) with the key level executives (VPs, CEOs, marketing directors, and business development managers) of the major players who are active in the global software testing market. In addition to analyzing the current and historical trends, our analysts predict where the market is headed, over the next six years. Secondary Secondary Research technical, market-oriented, and commercial study of the global software testing market. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, SEC filings, journals, white papers, corporate presentations, company web sites, international organization, some paid databases, and many others. Research – –Secondary research was mainly used to collect and identify information useful for the extensive, © Statsville Consulting Private Limited www.marketstatsville.com | sales@marketstatsville.com | +1-580-205-2707 | +91-702-496-8807

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