The global service robotics market was valued US$ 20.4 Billion in 2020 and is expected to show significant growth during the forecast period. Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors. Professional service robots are employed in various industries including medical, defense, agriculture, logistics, inspection and maintenance, rescue and security, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment and leisure purpose. The service robotics market is driven by an upsurge in its adoption owing to high labor cost, lack of skilled workforce, increasing research and development investments, growing awareness regarding the benefits of service robots, and increased demand for automation among professional and personal sectors. The high initial investment and concern for human safety restricts the growth of the market.

Impact of COVID-19 on Service Robotics Market

The COVID-19 outbreak has become a global stress test. The disease has infected around 174 Million people worldwide. Globally the death toll has reached 3,740,514, according to latest statistics from the Worldometers (as of June 6, 2021). The number is still growing, and the duration of the pandemic is still difficult to predict. The novel coronavirus has increased interest in robots, drones, and artificial intelligence.

The markets for most types of service robots seems hardly affected by the COVID-19 pandemic. Robotic solutions support social distancing, are not sent to quarantine and are not affected by travel bans. These technologies can help deal with massive staffing shortages in healthcare, manufacturing, and supply chains; the need for “social distancing;” and diagnosis and treatment. For example, service robotics play a vital role in healthcare, they minimize human intervention at all levels, starting from patient examination to patient care and drug delivery mechanism. The virus has been a good opportunity for companies to display robots for public applications. Public Relations, Rescue and Security, Inspection, Cleaning, Monitoring, and Detection are all key aspects of containing the pandemic. Disinfection robot UVD for example has been in high demand since the outbreak of COVID-19 pandemic.

Global Professional Service Robotics Market and Volume Forecast - By Segment

The medical applications accounted for maximum share of the global professional service robotics market, followed by logistic segment. Medical application employs service robots for a wide range of applications such as surgery, diagnostics, physical and mental therapy, and prosthetics among others. The use of service robots in logistic industry is anticipated to show substantial growth. The growing e-commerce industry is the primary growth driver for this market. Defence robotics captured third highest share of the professional service robotics market in 2020, followed by Agriculture robots or Agribots. The implementation of robotics in agriculture is expected to bring out transformational result in coming years.

In volume terms, the logistic robots accounted for maximum share of the overall professional service robotics volume. Public Relation Robots form the second largest category of professional service robots by unit sales. The new social distancing paradigm and COVID-19 related travel restrictions provide excellent growth opportunities for these applications. The medical robots accounted for around 5% share of the professional service robotics volume in 2020, due to expensive nature of these devices.

Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment

Household robots accounted for maximum share of the personal and domestic service robotics market both in value and volume terms. This segment is likely to lead the personal and domestic service robotics volume throughout the forecast period. The household robotics market consists of a wide variety of products focused on single tasks, such as floor care, lawn care, and pool care. While, entertainment and leisure robots are aimed at youth in the hopes of boosting their interest in robotics and other technical fields.

This is the 5th edition report on Service Robotics by iGATE RESEARCH. The report titled “Service Robotics Market (Impact of COVID-19) and Volume Analysis by Type (Professional Service Robots, Personal and Domestic Service Robots) and Key Players Analysis - Global Forecast to 2025” provides a comprehensive assessment of the fast-evolving, high-growth Service Robotics Market.

This 168 Page report with 83 Figures and 12 Tables has been analyzed from 11 viewpoints:

1. Global Service Robotics Market and Forecast (2009 - 2025)

2. Impact of Coronavirus (COVID-19) Pandemic on Service Robotics Market

3. Global Service Robotics Volume and Forecast (2009 - 2025)

4. Global Service Robotics Market Share and Forecast (2009 - 2025)

5. Global Service Robotics Volume Share and Forecast (2009 - 2025)

6. Global Professional Service Robotics Market and Forecast - By Segment (2009 - 2025)

7. Global Professional Service Robotics Volume and Forecast - By Segment (2009 - 2025)

8. Global Personal and Domestic Service Robotics Market and Forecast - By Segment (2009 - 2025)

9. Global Personal and Domestic Service Robotics Volume and Forecast - By Segment (2009 - 2025)

10. Key Player - Sales and SWOT Analysis (2010 - 2025)

11. Global Service Robotics Market - Growth Drivers and Challenges

Global Service Robotics Market and Volume Forecast - By Type

1. Professional Service Robotics

2. Personal and Domestic Service Robotics

Global Professional Service Robotics Market and Volume Forecast - By Segment

1. Defence

2. Agriculture/Field

3. Logistic

4. Medical

5. Exoskeletons

6. Public Relations Robots

7. Construction

8. Mobile Platforms

9. Inspection and Maintenance

10. Underwater

11. Rescue and Security

12. Cleaning

13. Others

Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment

1. Household Robotics

2. Entertainment and Leisure Robotics

Global Robotics Market - Key Players Sales and SWOT Analysis

1. KUKA AG

2. Adept Technology (Acquired by OMRON)

3. iRobot Corporation

4. Intuitive Surgical

5. Nachi-Fujikoshi

6. Yaskawa Electric Corporation

Data Sources

iGATE RESEARCH employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. This report is built by using data and information sourced from Proprietary Information Database, Primary and Secondary Research Methodologies, and In house analysis by iGATE Research dedicated team of qualified professionals with deep industry experience and expertise.

Research Methodologies

Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

1. Executive Summary

2. Impact of Coronavirus (COVID-19) Pandemic on Service Robotics Market

3. Global Service Robotics Market and Forecast (2009 - 2025)

3.1 Global Professional Service Robotics Market and Forecast

3.2 Global Personal and Domestic Service Robotics Market and Forecast

4. Global Service Robotics Volume and Forecast (2009 - 2025)

4.1 Global Professional Service Robotics Volume and Forecast

4.2 Global Personal and Domestic Service Robotics Volume and Forecast

5. Global Service Robotics Market and Volume Share Analysis (2009 - 2025)

5.1 Global Service Robotics Market Share and Forecast - By Segment

5.2 Global Professional Service Robotics Market Share and Forecast - By Segment

5.3 Global Personal and Domestic Service Robotics Market Share and Forecast - By Segment

5.4 Global Service Robotics Volume Share and Forecast - By Segment

5.5 Global Professional Service Robotics Volume Share and Forecast- By Segment

5.6 Global Personal and Domestic Service Robotics Volume Share and Forecast- By Segment

6. Global Professional Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)

6.1 Global Defense Robotics Market and Volume Forecast

6.1.1 Global Defense Robotics Market and Forecast

6.1.2 Global Defense Robotics Volume and Forecast

6.2 Global Agriculture/Field Robotics Market and Volume Forecast

6.2.1 Global Agriculture/Field Robotics Market and Forecast

6.2.2 Global Agriculture/Field Robotics Volume and Forecast

6.3 Global Logistic Robotics Market and Volume Forecast

6.3.1 Global Logistic Robotics Market and Forecast

6.3.2 Global Logistic Robotics Volume and Forecast

6.4 Global Medical Robotics Market and Volume Forecast

6.4.1 Global Medical Robotics Market and Forecast

6.4.2 Global Medical Robotics Volume and Forecast

6.5 Global Construction Robotics Market and Volume Forecast

6.5.1 Global Construction Robotics Market and Forecast

6.5.2 Global Construction Robotics Volume and Forecast

6.6 Global Mobile Platforms Robotics Market and Volume Forecast

6.6.1 Global Mobile Platforms Robotics Market and Forecast

6.6.2 Global Mobile Platforms Robotics Volume and Forecast

6.7 Global Inspection Robotics Market and Volume Forecast

6.7.1 Global Inspection Robotics Market and Forecast

6.7.2 Global Inspection Robotics Volume and Forecast

6.8 Global Underwater Robotics Market and Volume Forecast

6.8.1 Global Underwater Robotics Market and Forecast

6.8.2 Global Underwater Robotics Volume and Forecast

6.9 Global Rescue and Security Robotics Market and Volume Forecast

6.9.1 Global Rescue and Security Robotics Market and Forecast

6.9.2 Global Rescue and Security Robotics Volume and Forecast

6.10 Global Cleaning Robotics Market and Volume Forecast

6.10.1 Global Cleaning Robotics Market and Forecast

6.10.2 Global Cleaning Robotics Volume and Forecast

6.11 Global Exoskeleton Robotics Market and Volume Forecast

6.11.1 Global Exoskeleton Robotics Market and Forecast

6.11.2 Global Exoskeleton Robotics Volume and Forecast

6.12 Global Public Relation Robotics Market and Volume Forecast

6.12.1 Global Public Relation Robotics Market and Forecast

6.12.2 Global Public Relation Robotics Volume and Forecast

6.13 Global All Others Robotics Market and Volume Forecast

6.13.1 Global All Others Robotics Market and Forecast

6.13.2 Global All Others Robotics Volume and Forecast

7. Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment (2009 - 2025)

7.1 Global Household Robotics Market and Volume Forecast

7.1.1 Global Household Robotics Market and Forecast

7.1.2 Global Household Robotics Volume and Forecast

7.2 Global Entertainment and Leisure Robotics Market and Volume Forecast

7.2.1 Global Entertainment and Leisure Robotics Market and Forecast

7.2.2 Global Entertainment and Leisure Robotics Volume and Forecast

8. Key Player Analysis (2010 - 2025)

8.1 KUKA AG

8.1.1 Company Overview

8.1.2 Sales Analysis

8.1.3 KUKA AG - SWOT Analysis

8.2 Adept Technology (Acquired by OMRON)

8.2.1 Company Overview

8.2.2 Sales Analysis

8.2.3 Adept Technology - SWOT Analysis

8.3 iRobot Corporation

8.3.1 Company Overview

8.3.2 Sales Analysis

8.3.3 iRobot Corporation - SWOT Analysis

8.4 Intuitive Surgical

8.4.1 Company Overview

8.4.2 Sales Analysis

8.4.3 Intuitive Surgical - SWOT Analysis

8.5 Nachi-Fujikoshi

8.5.1 Company Overview

8.5.2 Sales Analysis

8.5.3 Nachi-Fujikoshi - SWOT Analysis

8.6 Yaskawa Electric Corporation

8.6.1 Company Overview

8.6.2 Sales Analysis

8.6.3 Yaskawa Electric Corporation - SWOT Analysis

9. Global Service Robotics Market - Growth Drivers

9.1 Increasing Research and Development Expenditure

9.2 Technology Trends Shaping the Future of Robotics

9.3 Government Initiatives Drives Market for Robotics

9.4 Co-Bots Drives Robotics Industry

9.5 Improved Service, Increased Operational Efficiency and Safety

10. Global Service Robotics Market - Challenges

10.1 Human-Robot Interaction Challenges

10.2 The High Cost of Robots Restricts Market Growth

10.3 Delayed Return on Investment (ROI)

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)