In a recent published report, Kenneth Research has updated the Professional Service Robots Market report for for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Professional Service Robots Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017
Service robotics will show far more disruptive effects on the competitiveness of non-manufacturing industries and the growth in these areas over the coming decade will be much more dramatic. Although accounting for a small fraction in terms of total sales volume of service robots, professional applications of service robots grab over 65% of the total sales revenue generated from service robots. Professional service robots will continue to dominate the service robot market, with medical robots leading gains, particularly in developed countries. Global professional service robot sales revenue is expected to grow by 11.9% annually in the coming 2015-2020 years.
Global Professional Service Robots Market – Analysis and Trends to 2020 examines the worldwide market of specialized robotics for industrial non-manufacture applications and commercial uses through a comprehensive review and analysis of information sources. This report provides market environments, qualitative analysis of market forces, quantitative studies of worldwide professional service robots market by application field, and profound research of global geographic distribution of professional robotics markets. In most analysis, historical statistics together with market outlook cover the 2012-2020 period.
Qualitative market analyses include identification and evaluation of key growth drivers, market restraints and challenges, emerging market opportunities, Porter’s Fiver Forces as well as M&A activities and funding trend (IPO and VCI).
By application field, worldwide professional service robot markets are divided into Defense, Field, Medical Applications, Logistics, Mobile Robot Platforms, Construction and Demolition, Professional Cleaning, Inspection and Maintenance, Underwater System, Rescue and Security, and other applications. The most valuable and promising market is medical robotics mainly used as surgery assistance. Other important markets include military robots (Unmanned Aerial Vehicles, Unmanned Ground Vehicles, and Demining Robots), milking robots, logistics robots, mobile robots, cleaning robots, inspection and security robotics.
Geographically speaking, American market represents the largest share of the global pie, and also the most innovative region for professional service robots. However, best market opportunities are expected in APAC region which currently ranks the second on revenue size and will expand its global share over the coming years. Europe is the third largest market followed by the rest of world region. Important country markets such as US, Japan, and China are analyzed specifically regarding market overview, industry landscape, and developing trends.
The market data and outlook trends are highlighted by 6 tables and 17 figures. The global leading providers of professional service robots in 2015 are listed and profiled.
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Intuitive Surgical Inc.
Amazon Robotics LLC
Honda Motor Co., Ltd.
GeckoSystems Intl. Corp.
Deep Ocean Engineering, Inc.
Eca Hytec Sa
International Submarine Engineering Ltd.
Touch Bionics Limited
MAKO Surgical Corporation
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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