Professional services robots market is witnessing a sustained growth due to a variety of reasons. Some of these reason include improved usability, delivery of high quality and accurate services, reduced operational costs, reliability and no scope for human errors in the service robots. Professional service robots are used in various industries such as healthcare, defense and security, forestry, construction, agriculture, logistics and professional cleaning to name a few. On the other hand, personal service robots are used for entertainment and domestic purpose. Some of the other factors that influence the growth of professional services robots market include high cost of labor, increased investments in R&D, lack of a skilled workforce, a growing awareness regarding the benefits of using service robots and increased demand and levels of industrial automation. However, there are some restraints which are hampering the market growth of professional services robots such as high initial investments and concerns for the safety of humans.
According to the assessment of Persistence Market Research, the global professional services robots market is forecasted to reach a figure of about US$ 7,400 Mn in 2022 and is poised to exhibit a robust CAGR in the period of assessment.
North America Market Set to Dominate the Global Professional Services Robots Market in Terms of Revenue
The market in North America is set to dominate the global professional services robots market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America professional services robots market is the most attractive market, growing at a robust CAGR over the forecast period.
Field Robotics Segment Slated to Touch a Value of About US$ 2,400 Mn in 2022
According to the projections of Persistence Market Research, the field robotics segment is expected to reach a value of about US$ 2,400 Mn in the year 2022. This signifies a robust CAGR during the forecast period of 2017-2022. The field robotics segment is estimated to account for more than one-third of the revenue share of the application segment by the end of the year 2017 and is expected to lose in market share by 2022 over 2017.
Land-Based Segment to Exhibit a CAGR of more than 15% During the Assessment Period
According to the assessment of Persistence Market Research, the land-based segment is poised to touch a figure of about US$ 4,300 Mn in the year 2022. This signifies a CAGR of more than 15% during the assessment period from 2017 till the year 2022. The land-based segment is estimated to account for nearly two-thirds of the revenue share of the form factor segment by the end of the year 2017 and is projected to lose market share by 2022 over 2017.
The report also profiles companies that are expected to remain active in the expansion of global professional services robots market through 2022, which include Northrop Grumman Corporation, Daifuku Co., Ltd., AB Electrolux, iRobot Corporation, Elbit Systems Ltd., Yujin Robot Co., Ltd, Gecko Systems International Corporation, Robert Bosch GMBH, Kuka AG, Aethon Inc. and Boston Dynamics, Inc.
Persistence Market Research delivers yet another unbiased, comprehensive and insightful report titled ‘Professional Services Robots Market: Global Industry Analysis (2012-2016) and Forecast (2017-2022)’. In this report, the global professional services robots market is explored in great detail, and the market dynamics of the global professional services robots market has been covered comprehensively, explaining to the report readers the drivers, restraints and trends operating in this highly competitive market. Also, analysis of the data over different parameters has been done in order to arrive at market numbers concerning the global professional services robots market. Besides, competition landscape of the global professional services robots market is also covered in this report, giving information about the key companies operating in the global professional services robots market.
In the first part of the report, the executive summary and the introduction are given. The executive summary gives a summary of the global professional services robots market and gives the pertinent market numbers that are most significant, which include the historical CAGR growth from 2012 till 2016 and the forecasted CAGR from the year 2017 till the end of the forecast period in the year 2022. Information about lucrative markets from the point of view of leading revenue share and highest CAGR are also given in the executive summary.
In the introduction section, the professional services robots market is defined in detail so that the report readers are clear about the scope of this market.
The next section of the report gives information on the key dynamics of the professional services robots market. Key points covered in this section include the global economy, fiscal stimulus and bottom line of enterprises.
In the subsequent section of the report, information is given on the cost structure analysis and pricing analysis of the global professional services robots market. An analysis on the market presence of key participants (intensity map) is also offered in this section.
The next part of the report consists of the global professional services robots market analysis and forecast by application, form factor and region. This section of the report contains important market numbers in the form of year-on-year growth comparison, market share comparison and revenue comparison. The global professional services robots market is also analyzed across key regions- North America, Latin America, Europe, Japan, APEJ and MEA.
The last section of the report contains the competition landscape, where leading market players operating in the global professional services robots market are profiled in detail. This information is in the form of company overview, product overview, key financials and key developments pertaining to that particular company. The competition landscape also features the SWOT analysis of the selected companies, which gives the report readers information about the strengths, weaknesses, opportunities and the threats that such companies operating in the global professional services robots market are facing. The competition landscape is an invaluable part of the report as it contains all the necessary information to study the leading companies operating in the global professional services robots market and how they implement their strategies and vision to stay in the pole position in this highly competitive market.
Persistence Market Research leverages a proven and tested research methodology to determine the revenue estimations of the global professional services robots market. In-depth secondary research is used to arrive at the overall market size and top industry players. A list of industry players (manufacturers), distributors, retailers, and industry experts is developed along with a comprehensive discussion guide for detailed and exhaustive primary interviews. Data thus obtained is validated using the triangulation method, where primary and secondary research along with Persistence Market Research analysis contribute to the final data. This data is then scrutinized using advanced tools to glean pertinent insights into the global professional services robots market.