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Global Service Robotics Market Outlook (2023 to 2033)

The market for service robotics, which was estimated to be worth around US$ 33 Billion in 2022, is expected to garner an overall market value of US$ 40 Billion in 2023. As per the global service robotics market analysis report of FMI, it is predicted to register an impressive CAGR of 21% between 2023 and 2033, finally concluding at a market value of US$ 267 Billion by 2033.

Due to growing automation in modern industries, where professional service robots are employed to carry out different types of functions, the services robotics technology has come a long way in assisting individuals at the household level. Moreover, super smart service robotics is widely employed in high-tech working and testing facilities where human intervention can be fallible making it an indispensable unit of the whole setup.

Greater labor expenses brought on by a shortage of trained workers have also played a major role in the greater adoption of service robotics for professional as well as personal requirements. Other than that, more expenditures in Research and Development by the market players, and increased knowledge of common people about the possibility of deploying service robots for industrial automation are the other factors in the expansion of the service robotics market key trends and opportunities.

The healthcare, military, logistics, and retail market sectors have remarkably increased the demand for service robotics from such businesses. As the use of robotic inspection helps to save a lot of time and ensures effective operation, autonomous security robots have emerged to be a very lucrative business in developed countries.

Complex software that takes digital identification and machine learning (ML) into account may be the new endeavor for service robotics operations and solution providers. As a result of such advancements, the market for services robotics in general and its software segment, in particular, is anticipated to witness exponential growth throughout the forecast years.

Interestingly enough, newly introduced public relations robots have emerged as the flag bearers of the services robotics market and are majorly employed to aid clients in locating a product or finishing a job. Such Intelligent service robots for sale are used in the retail sector, banks, shopping malls, as well as public amusement locations to generate curiosity among the people and expand the business.

Attributes Details
Service Robotics Market Share (2022) US$ 33 Billion
Service Robotics Market Size Value (2023) US$ 40 Billion
Service Robotics Market Size Value (2033) US$ 267 Billion
Service Robotics Market Growth Rate (2023 to 2033) 21%

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What are the Driving Factors for the Global Service Robotics Market in the Forecast Years?

In the upcoming years, numerous newly industrializing economies are anticipated to have a strong requirement for the supply chain and distribution procedures consequently boosting the demand for remote control robots. The regional service robotics market is also anticipated to benefit from an increase in expenditures made by government organizations to modernize current healthcare systems that require reform.

Many people in emerging countries are now enjoying higher standards of living, which is anticipated to help fuel the demand for personal service robots. However, the development of service robotics market players would be a little slower in the regions with limited technological development and lower literacy rate. Unfortunately, issues including the rising cost of raw materials and semiconductor chips have had a detrimental effect on the market expansion. Moreover, the expansion of the service robotics business has been constrained by large upfront investment and maintenance costs.

Category-wise Insights

Personal Service Robots to Outcompete Professional Service Robots

The industrial or commercial services robotics sector should dominate over the forecast years and indeed capture the bigger market share until the year 2022. Again, in this segment, the sub-segments of medical, construction, and demolition activities, defense, logistics & transportation, and agricultural sectors would remain the major buyers of industrial service robots.

Contrarily, due to a growing trend among people of using integrated robotic solutions for numerous crucial processes, the personal or domestic service robotics segment is anticipated to grow significantly throughout the forecast years. Service robotics for education and medical care at home or elder care robots are the two rapidly growing sub-segments at present time.

In addition to these two sectors, the restaurant service robot sub-segment is anticipated to exhibit consistent growth over the forecast years. There has been a significant rise in the popularity of humanoid service robots in the restaurant and hospitality business due to the rise in theme restaurant projects throughout the world. The proliferation of such ideas is anticipated to create more opportunities for service robotics market players in the coming days.

Other Categories of Service Robotics to Remain Unchanged

Since the implementation of commercial as well as home service robots are going to be more application-specific, the market demand and value for service robotics software components is predicted to be greater than the hardware component in particular.

Whereas through the forecast years, the market segment of aerial drones is anticipated to register the highest CAGR. It can be attributed to the growing use of industrial drones for tasks like inspecting farmlands and tracking traffic, as well as the greater cost of these drones in comparison to general-purpose consumer drones.

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Comparative View of Adjacent Service Robotics Market

Service Robotics Market:

Attributes Service Robotics Market
CAGR (2023 to 2033) 21%
Market Value (2023) US$ 40 Billion
Growth Factor Due to advantages like providing accurate, high-quality services that reduced operational costs and human errors.
Future Opportunities Growth in labor prices and the dearth of qualified people is expected to lead to its higher adoption.
Market Trends Constant improvement and adoption of new technologies for enhanced usability and dependability.

Space Robotics Market:

Attributes Space Robotics Market
CAGR (2023 to 2033) 6%
Market Value (2023) US$ 32 Billion
Growth Factor Growing requirement for a wide range of tasks, including fabrication, repair, exploration, and other services in space.
Future Opportunities Huge expenditures are being made in the space industry right now by the governments of the 5 major economies.
Market Trends Rise of Industry 4.0, Machine Learning and AI developments are assisting the industry by introducing cutting-edge technology.

Telepresence Robotics Market:

Attributes Telepresence Robotics Market
CAGR (2023 to 2033) 11%
Market Value (2023) US$ 175 Million
Growth Factor Its growing potential use in many sectors including healthcare, commercial, as well as educational institutes.
Future Opportunities The rising adoption in the defense sector and corporate world, particularly by the Multi-national Companies.
Market Trends The higher adaptability of telepresence technology is one of the important features that has played a key role in market growth.

Country-wise Insights

The USA to Retain the Market Leadership

According to the services robotics market report for the years 2023 to 2033 released by FMI, the USA leads the overall market with a substantial number of market players in the country. As per the report, it still has got sufficient groundwork and opportunities to retain its shareholding during the forecast years as well.

Most of the large players are also indulged in acquiring smaller players for expanding their regional influence to retain their competitiveness in the future service robotics market. Intuitive Surgical Inc. ended up buying Orpheus Medical in early 2020 to broaden its unified informatics platform since Orpheus Medical offers hospitals access to IT resources and knowledge about quickly processing and preserving surgical recordings.

Demand for Services Robotics in Europe to go up Further

In regards to the global service robotics market survey report, European Union holds the largest market share due to the rising interest in the home and personal assistant robots in several of its member states. Due to the increased acceptance of such robotic solutions in these nations, countries like Germany, the United Kingdom, France, and Italy are predicted to expand strongly throughout the forecast years.

Furthermore, there are several key market participants present in the region who are striving to advance in this sector by adopting cutting-edge technologies. For instance, in November 2019, the Italian business Piaggio staged Gita, which is a smart delivery robot that can carry groceries and cost almost US$ 3,250 in the year 2019. Such an indoor delivery robot has a hands-free carrier to lift various articles, and can even follow its operator along the street.

China to Lead the Asia Pacific Region

Following Europe, China is anticipated to hold the second-highest position in the production and sales of service robotics in the global market. The Research and Development efforts put in by the industrial robot tech sector of the country are the most significant driver of the China service robotics market.

Governments in other Asia Pacific countries such as South Korea and Japan are also expanding their investments in technology like automation, AI, and vector robots. For instance, in South Korea, to assist senior citizens with safe and efficient walk training, Panasonic Corporation unveiled a mass-production version of its Walk Training Robot in April 2021. The Company also provides elder care robots for assistance services in homes, healthcare institutions, and other organizations.

Promising Developments for the Indian Market

Yaskawa India Pvt. Ltd., which is a division of Yaskawa Electric Corporation, and Wipro Limited confirmed their collaboration in February 2021 by signing an MOU that outlines their commitment to working together to pursue global automation and humanoid robot projects. Through this relationship, the business is capable of supplying Yaskawa service robots both domestically and internationally.

Besides, after building a humanoid service robot called Sona-1.5, in 2019, Modern Railway Coach Factory in India has brought industrial technology to new heights. In a busy setting, it is useful for moving items from place to place.

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Competitive Landscape

In the present time, major market participants are fiercely competing to attract customers to their service robots for a range of applications, and in order to expand their clientele and increase their skills, companies are acquiring and collaborating with top service robotics companies. For instance, in January 2020, iRobot formed an alliance with If This Then That (IFTTT), which is a well-known platform for the integration and realization of web-based services that provide new integrated and smart home configurations. IFTTT is expected to assist iRobot to integrate products and services into its iRobot HOME application categories, including smart thermostats, scanners, and home security robots.

Key Players Profiled in the Service Robotics Market Report

  • iRobot Corporation
  • Intuitive Surgical Inc.
  • Honda Motor Co., Ltd.
  • Panasonic Corporation
  • Aethon Inc.
  • Yujin Robot Co. Ltd.
  • Samsung Electronics CO., Ltd.
  • DeLaval
  • Robert Bosch GmbH
  • AB Electrolux
  • Lely International
  • KUKA AG
  • Northrop Grumman Corporation
  • Kongsberg Maritime AS
  • Parrot SA
  • DJI
  • Daifuku Co. Ltd.
  • Dematic Corp.
  • Knightscope Inc.
  • Brokk AB
  • Kollmorgen Corporation
  • Stryker Corp.
  • Husqvarna AB
  • Construction Robotics LLC
  • Seegrid Corporation
  • JBT Corporation
  • SSI Schaefer AG
  • BAE Systems
  • Neato Robotics
  • Transbotics Corp.
  • Omron Corp.
  • Ecovacs Robotics
  • Medtronic PLC
  • SMP Robotics Systems Corp.
  • Vision Robotics Corp.
  • Naio Technologies SAS
  • UBTECH Robotics Inc.
  • Smith & Nephew PLC

Key Segments

By Component:

  • Hardware
    • Airframe
    • Sensors
    • Cameras
    • Actuators
    • Power Supply
    • Control Systems
    • Navigation Systems
    • Propulsion Systems
    • Others
  • Software

By Field of Application:

  • Professional or Commercial Service Robotics
    • Field Robots
    • Professional Cleaning
    • Inspection and Maintenance
    • Construction and Demolition
    • Customer Service
    • Logistics Systems (Manufacturing and Non-manufacturing)
    • Medical Robots
    • Rescue and Security Robots
    • Defense Robots
    • Underwater Systems (Civil/General)
    • Powered Human Exoskeletons
    • Public Relation Robots
    • Others
  • Personal or Domestic Service Robotics
    • Robots for Domestic Tasks
    • Entertainment Robots
    • Education and Research Assistance
    • Elderly and Handicap Assistance
    • Others

By Environment:

  • Aerial
  • Ground
  • Marine
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and the Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

What is the Growth Outlook of the Service Robotics Market?

The global service robotics market is to grow at a CAGR of 21% during the forecast period.

What is the projected Value of the Service Robotics Market By 2032?

The global service robotics market is predicted to be valued at US$ 267 Billion by 2033.

What was the Historical Size of the Service Robotics Market?

The global service robotics market was valued at US$ 33 Billion in 2022.

Which Country is the Dominant Share Holder in the Service Robotics Market?

The USA accounts for the largest revenue share of the global service robotics market.

Which Country has the Highest Growth Potential in the Service Robotics Market?

China is predicted to witness the highest CAGR in the service robotics market.

Table of Content

1. Executive Summary | Service Robotics Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033

        5.3.1. Hardware

            5.3.1.1. Airframe

            5.3.1.2. Sensor

            5.3.1.3. Cameras

            5.3.1.4. Actuators

            5.3.1.5. Power Supply

            5.3.1.6. Control System

            5.3.1.7. Navigation System

            5.3.1.8. Propulsion System

            5.3.1.9. Others

        5.3.2. Software

    5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022

    5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033

6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Environment

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Environment, 2018 to 2022

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Environment, 2023 to 2033

        6.3.1. Aerial

        6.3.2. Ground

        6.3.3. Marine

        6.3.4. Other

    6.4. Y-o-Y Growth Trend Analysis By Environment, 2018 to 2022

    6.5. Absolute $ Opportunity Analysis By Environment, 2023 to 2033

7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) Analysis By Type , 2018 to 2022

    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type , 2023 to 2033

        7.3.1. Professional

        7.3.2. Personal and Domestic

        7.3.3. Other

    7.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

    7.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033

8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022

    8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. South Asia

        8.3.5. East Asia

        8.3.6. Oceania

        8.3.7. Middle East and Africa(MEA)

    8.4. Market Attractiveness Analysis By Region

9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        9.2.1. By Country

            9.2.1.1. USA

            9.2.1.2. Canada

        9.2.2. By Component

        9.2.3. By Environment

        9.2.4. By Type

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Component

        9.3.3. By Environment

        9.3.4. By Type

    9.4. Key Takeaways

10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By Component

        10.2.3. By Environment

        10.2.4. By Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Component

        10.3.3. By Environment

        10.3.4. By Type

    10.4. Key Takeaways

11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. United Kingdom

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By Component

        11.2.3. By Environment

        11.2.4. By Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Component

        11.3.3. By Environment

        11.3.4. By Type

    11.4. Key Takeaways

12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. India

            12.2.1.2. Malaysia

            12.2.1.3. Singapore

            12.2.1.4. Thailand

            12.2.1.5. Rest of South Asia

        12.2.2. By Component

        12.2.3. By Environment

        12.2.4. By Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Component

        12.3.3. By Environment

        12.3.4. By Type

    12.4. Key Takeaways

13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. China

            13.2.1.2. Japan

            13.2.1.3. South Korea

        13.2.2. By Component

        13.2.3. By Environment

        13.2.4. By Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Component

        13.3.3. By Environment

        13.3.4. By Type

    13.4. Key Takeaways

14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. Australia

            14.2.1.2. New Zealand

        14.2.2. By Component

        14.2.3. By Environment

        14.2.4. By Type

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Component

        14.3.3. By Environment

        14.3.4. By Type

    14.4. Key Takeaways

15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022

    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. GCC Countries

            15.2.1.2. South Africa

            15.2.1.3. Israel

            15.2.1.4. Rest of Middle East and Africa(MEA)

        15.2.2. By Component

        15.2.3. By Environment

        15.2.4. By Type

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Component

        15.3.3. By Environment

        15.3.4. By Type

    15.4. Key Takeaways

16. Key Countries Market Analysis

    16.1. USA

        16.1.1. Pricing Analysis

        16.1.2. Market Share Analysis, 2022

            16.1.2.1. By Component

            16.1.2.2. By Environment

            16.1.2.3. By Type

    16.2. Canada

        16.2.1. Pricing Analysis

        16.2.2. Market Share Analysis, 2022

            16.2.2.1. By Component

            16.2.2.2. By Environment

            16.2.2.3. By Type

    16.3. Brazil

        16.3.1. Pricing Analysis

        16.3.2. Market Share Analysis, 2022

            16.3.2.1. By Component

            16.3.2.2. By Environment

            16.3.2.3. By Type

    16.4. Mexico

        16.4.1. Pricing Analysis

        16.4.2. Market Share Analysis, 2022

            16.4.2.1. By Component

            16.4.2.2. By Environment

            16.4.2.3. By Type

    16.5. Germany

        16.5.1. Pricing Analysis

        16.5.2. Market Share Analysis, 2022

            16.5.2.1. By Component

            16.5.2.2. By Environment

            16.5.2.3. By Type

    16.6. United Kingdom

        16.6.1. Pricing Analysis

        16.6.2. Market Share Analysis, 2022

            16.6.2.1. By Component

            16.6.2.2. By Environment

            16.6.2.3. By Type

    16.7. France

        16.7.1. Pricing Analysis

        16.7.2. Market Share Analysis, 2022

            16.7.2.1. By Component

            16.7.2.2. By Environment

            16.7.2.3. By Type

    16.8. Spain

        16.8.1. Pricing Analysis

        16.8.2. Market Share Analysis, 2022

            16.8.2.1. By Component

            16.8.2.2. By Environment

            16.8.2.3. By Type&

    16.9. Italy

        16.9.1. Pricing Analysis

        16.9.2. Market Share Analysis, 2022

            16.9.2.1. By Component

            16.9.2.2. By Environment

            16.9.2.3. By Type

    16.10. India

        16.10.1. Pricing Analysis

        16.10.2. Market Share Analysis, 2022

            16.10.2.1. By Component

            16.10.2.2. By Environment

            16.10.2.3. By Type

    16.11. Malaysia

        16.11.1. Pricing Analysis

        16.11.2. Market Share Analysis, 2022

            16.11.2.1. By Component

            16.11.2.2. By Environment

            16.11.2.3. By Type

    16.12. Singapore

        16.12.1. Pricing Analysis

        16.12.2. Market Share Analysis, 2022

            16.12.2.1. By Component

            16.12.2.2. By Environment

            16.12.2.3. By Type

    16.13. Thailand

        16.13.1. Pricing Analysis

        16.13.2. Market Share Analysis, 2022

            16.13.2.1. By Component

            16.13.2.2. By Environment

            16.13.2.3. By Type

    16.14. China

        16.14.1. Pricing Analysis

        16.14.2. Market Share Analysis, 2022

            16.14.2.1. By Component

            16.14.2.2. By Environment

            16.14.2.3. By Type

    16.15. Japan

        16.15.1. Pricing Analysis

        16.15.2. Market Share Analysis, 2022

            16.15.2.1. By Component

            16.15.2.2. By Environment

            16.15.2.3. By Type&

    16.16. South Korea

        16.16.1. Pricing Analysis

        16.16.2. Market Share Analysis, 2022

            16.16.2.1. By Component

            16.16.2.2. By Environment

            16.16.2.3. By Type&

    16.17. Australia

        16.17.1. Pricing Analysis

        16.17.2. Market Share Analysis, 2022

            16.17.2.1. By Component

            16.17.2.2. By Environment

            16.17.2.3. By Type

    16.18. New Zealand

        16.18.1. Pricing Analysis

        16.18.2. Market Share Analysis, 2022

            16.18.2.1. By Component

            16.18.2.2. By Environment

            16.18.2.3. By Type

    16.19. GCC Countries

        16.19.1. Pricing Analysis

        16.19.2. Market Share Analysis, 2022

            16.19.2.1. By Component

            16.19.2.2. By Environment

            16.19.2.3. By Type

    16.20. South Africa

        16.20.1. Pricing Analysis

        16.20.2. Market Share Analysis, 2022

            16.20.2.1. By Component

            16.20.2.2. By Environment

            16.20.2.3. By Type

    16.21. Israel

        16.21.1. Pricing Analysis

        16.21.2. Market Share Analysis, 2022

            16.21.2.1. By Component

            16.21.2.2. By Environment

            16.21.2.3. By Type

17. Market Structure Analysis

    17.1. Competition Dashboard

    17.2. Competition Benchmarking

    17.3. Market Share Analysis of Top Players

        17.3.1. By Regional

        17.3.2. By Component

        17.3.3. By Environment

        17.3.4. By Type

18. Competition Analysis

    18.1. Competition Deep Dive

        18.1.1. iRobot Corporation

            18.1.1.1. Overview

            18.1.1.2. Product Portfolio

            18.1.1.3. Profitability by Market Segments

            18.1.1.4. Sales Footprint

            18.1.1.5. Strategy Overview

                18.1.1.5.1. Marketing Strategy

        18.1.2. Samsung Electronics

            18.1.2.1. Overview

            18.1.2.2. Product Portfolio

            18.1.2.3. Profitability by Market Segments

            18.1.2.4. Sales Footprint

            18.1.2.5. Strategy Overview

                18.1.2.5.1. Marketing Strategy

        18.1.3. AB Electrolux

            18.1.3.1. Overview

            18.1.3.2. Product Portfolio

            18.1.3.3. Profitability by Market Segments

            18.1.3.4. Sales Footprint

            18.1.3.5. Strategy Overview

                18.1.3.5.1. Marketing Strategy

        18.1.4. Toyota Motor Corporation

            18.1.4.1. Overview

            18.1.4.2. Product Portfolio

            18.1.4.3. Profitability by Market Segments

            18.1.4.4. Sales Footprint

            18.1.4.5. Strategy Overview

                18.1.4.5.1. Marketing Strategy

        18.1.5. Fujitsu Frontech Limited

            18.1.5.1. Overview

            18.1.5.2. Product Portfolio

            18.1.5.3. Profitability by Market Segments

            18.1.5.4. Sales Footprint

            18.1.5.5. Strategy Overview

                18.1.5.5.1. Marketing Strategy

        18.1.6. Hanool Robotics Corp

            18.1.6.1. Overview

            18.1.6.2. Product Portfolio

            18.1.6.3. Profitability by Market Segments

            18.1.6.4. Sales Footprint

            18.1.6.5. Strategy Overview

                18.1.6.5.1. Marketing Strategy

        18.1.7. LG Electronics Inc.

            18.1.7.1. Overview

            18.1.7.2. Product Portfolio

            18.1.7.3. Profitability by Market Segments

            18.1.7.4. Sales Footprint

            18.1.7.5. Strategy Overview

                18.1.7.5.1. Marketing Strategy

        18.1.8. Honda Motors Co. Ltd

            18.1.8.1. Overview

            18.1.8.2. Product Portfolio

            18.1.8.3. Profitability by Market Segments

            18.1.8.4. Sales Footprint

            18.1.8.5. Strategy Overview

                18.1.8.5.1. Marketing Strategy

        18.1.9. Sony Corp

            18.1.9.1. Overview

            18.1.9.2. Product Portfolio

            18.1.9.3. Profitability by Market Segments

            18.1.9.4. Sales Footprint

            18.1.9.5. Strategy Overview

                18.1.9.5.1. Marketing Strategy

        18.1.10. GeckoSystems International Corporation

            18.1.10.1. Overview

            18.1.10.2. Product Portfolio

            18.1.10.3. Profitability by Market Segments

            18.1.10.4. Sales Footprint

            18.1.10.5. Strategy Overview

                18.1.10.5.1. Marketing Strategy

        18.1.11. Yujin Robot Co., Ltd.

            18.1.11.1. Overview

            18.1.11.2. Product Portfolio

            18.1.11.3. Profitability by Market Segments

            18.1.11.4. Sales Footprint

            18.1.11.5. Strategy Overview

                18.1.11.5.1. Marketing Strategy

19. Assumptions & Acronyms Used

20. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033

Table 2: Global Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 3: Global Market Value (US$ Million) Forecast by Environment, 2018 to 2033

Table 4: Global Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 5: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 6: North America Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 7: North America Market Value (US$ Million) Forecast by Environment, 2018 to 2033

Table 8: North America Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 9: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 10: Latin America Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 11: Latin America Market Value (US$ Million) Forecast by Environment, 2018 to 2033

Table 12: Latin America Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 13: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 14: Europe Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 15: Europe Market Value (US$ Million) Forecast by Environment, 2018 to 2033

Table 16: Europe Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 17: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 18: South Asia Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 19: South Asia Market Value (US$ Million) Forecast by Environment, 2018 to 2033

Table 20: South Asia Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 21: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 22: East Asia Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 23: East Asia Market Value (US$ Million) Forecast by Environment, 2018 to 2033

Table 24: East Asia Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 25: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 26: Oceania Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 27: Oceania Market Value (US$ Million) Forecast by Environment, 2018 to 2033

Table 28: Oceania Market Value (US$ Million) Forecast by Type, 2018 to 2033

Table 29: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033

Table 30: MEA Market Value (US$ Million) Forecast by Component, 2018 to 2033

Table 31: MEA Market Value (US$ Million) Forecast by Environment, 2018 to 2033

Table 32: MEA Market Value (US$ Million) Forecast by Type, 2018 to 2033

List of Charts

Figure 1: Global Market Value (US$ Million) by Component, 2023 to 2033

Figure 2: Global Market Value (US$ Million) by Environment, 2023 to 2033

Figure 3: Global Market Value (US$ Million) by Type, 2023 to 2033

Figure 4: Global Market Value (US$ Million) by Region, 2023 to 2033

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033

Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033

Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033

Figure 8: Global Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 9: Global Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 10: Global Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 11: Global Market Value (US$ Million) Analysis by Environment, 2018 to 2033

Figure 12: Global Market Value Share (%) and BPS Analysis by Environment, 2023 to 2033

Figure 13: Global Market Y-o-Y Growth (%) Projections by Environment, 2023 to 2033

Figure 14: Global Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 15: Global Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 16: Global Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 17: Global Market Attractiveness by Component, 2023 to 2033

Figure 18: Global Market Attractiveness by Environment, 2023 to 2033

Figure 19: Global Market Attractiveness by Type, 2023 to 2033

Figure 20: Global Market Attractiveness by Region, 2023 to 2033

Figure 21: North America Market Value (US$ Million) by Component, 2023 to 2033

Figure 22: North America Market Value (US$ Million) by Environment, 2023 to 2033

Figure 23: North America Market Value (US$ Million) by Type, 2023 to 2033

Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033

Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 28: North America Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 29: North America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 30: North America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 31: North America Market Value (US$ Million) Analysis by Environment, 2018 to 2033

Figure 32: North America Market Value Share (%) and BPS Analysis by Environment, 2023 to 2033

Figure 33: North America Market Y-o-Y Growth (%) Projections by Environment, 2023 to 2033

Figure 34: North America Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 35: North America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 36: North America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 37: North America Market Attractiveness by Component, 2023 to 2033

Figure 38: North America Market Attractiveness by Environment, 2023 to 2033

Figure 39: North America Market Attractiveness by Type, 2023 to 2033

Figure 40: North America Market Attractiveness by Country, 2023 to 2033

Figure 41: Latin America Market Value (US$ Million) by Component, 2023 to 2033

Figure 42: Latin America Market Value (US$ Million) by Environment, 2023 to 2033

Figure 43: Latin America Market Value (US$ Million) by Type, 2023 to 2033

Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033

Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 48: Latin America Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 49: Latin America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 51: Latin America Market Value (US$ Million) Analysis by Environment, 2018 to 2033

Figure 52: Latin America Market Value Share (%) and BPS Analysis by Environment, 2023 to 2033

Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Environment, 2023 to 2033

Figure 54: Latin America Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 57: Latin America Market Attractiveness by Component, 2023 to 2033

Figure 58: Latin America Market Attractiveness by Environment, 2023 to 2033

Figure 59: Latin America Market Attractiveness by Type, 2023 to 2033

Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033

Figure 61: Europe Market Value (US$ Million) by Component, 2023 to 2033

Figure 62: Europe Market Value (US$ Million) by Environment, 2023 to 2033

Figure 63: Europe Market Value (US$ Million) by Type, 2023 to 2033

Figure 64: Europe Market Value (US$ Million) by Country, 2023 to 2033

Figure 65: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 66: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 67: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 68: Europe Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 69: Europe Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 70: Europe Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 71: Europe Market Value (US$ Million) Analysis by Environment, 2018 to 2033

Figure 72: Europe Market Value Share (%) and BPS Analysis by Environment, 2023 to 2033

Figure 73: Europe Market Y-o-Y Growth (%) Projections by Environment, 2023 to 2033

Figure 74: Europe Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 75: Europe Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 76: Europe Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 77: Europe Market Attractiveness by Component, 2023 to 2033

Figure 78: Europe Market Attractiveness by Environment, 2023 to 2033

Figure 79: Europe Market Attractiveness by Type, 2023 to 2033

Figure 80: Europe Market Attractiveness by Country, 2023 to 2033

Figure 81: South Asia Market Value (US$ Million) by Component, 2023 to 2033

Figure 82: South Asia Market Value (US$ Million) by Environment, 2023 to 2033

Figure 83: South Asia Market Value (US$ Million) by Type, 2023 to 2033

Figure 84: South Asia Market Value (US$ Million) by Country, 2023 to 2033

Figure 85: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 86: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 87: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 88: South Asia Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 89: South Asia Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 90: South Asia Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 91: South Asia Market Value (US$ Million) Analysis by Environment, 2018 to 2033

Figure 92: South Asia Market Value Share (%) and BPS Analysis by Environment, 2023 to 2033

Figure 93: South Asia Market Y-o-Y Growth (%) Projections by Environment, 2023 to 2033

Figure 94: South Asia Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 95: South Asia Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 96: South Asia Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 97: South Asia Market Attractiveness by Component, 2023 to 2033

Figure 98: South Asia Market Attractiveness by Environment, 2023 to 2033

Figure 99: South Asia Market Attractiveness by Type, 2023 to 2033

Figure 100: South Asia Market Attractiveness by Country, 2023 to 2033

Figure 101: East Asia Market Value (US$ Million) by Component, 2023 to 2033

Figure 102: East Asia Market Value (US$ Million) by Environment, 2023 to 2033

Figure 103: East Asia Market Value (US$ Million) by Type, 2023 to 2033

Figure 104: East Asia Market Value (US$ Million) by Country, 2023 to 2033

Figure 105: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 106: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 107: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 108: East Asia Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 109: East Asia Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 110: East Asia Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 111: East Asia Market Value (US$ Million) Analysis by Environment, 2018 to 2033

Figure 112: East Asia Market Value Share (%) and BPS Analysis by Environment, 2023 to 2033

Figure 113: East Asia Market Y-o-Y Growth (%) Projections by Environment, 2023 to 2033

Figure 114: East Asia Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 115: East Asia Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 116: East Asia Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 117: East Asia Market Attractiveness by Component, 2023 to 2033

Figure 118: East Asia Market Attractiveness by Environment, 2023 to 2033

Figure 119: East Asia Market Attractiveness by Type, 2023 to 2033

Figure 120: East Asia Market Attractiveness by Country, 2023 to 2033

Figure 121: Oceania Market Value (US$ Million) by Component, 2023 to 2033

Figure 122: Oceania Market Value (US$ Million) by Environment, 2023 to 2033

Figure 123: Oceania Market Value (US$ Million) by Type, 2023 to 2033

Figure 124: Oceania Market Value (US$ Million) by Country, 2023 to 2033

Figure 125: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 126: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 127: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 128: Oceania Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 129: Oceania Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 130: Oceania Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 131: Oceania Market Value (US$ Million) Analysis by Environment, 2018 to 2033

Figure 132: Oceania Market Value Share (%) and BPS Analysis by Environment, 2023 to 2033

Figure 133: Oceania Market Y-o-Y Growth (%) Projections by Environment, 2023 to 2033

Figure 134: Oceania Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 135: Oceania Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 136: Oceania Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 137: Oceania Market Attractiveness by Component, 2023 to 2033

Figure 138: Oceania Market Attractiveness by Environment, 2023 to 2033

Figure 139: Oceania Market Attractiveness by Type, 2023 to 2033

Figure 140: Oceania Market Attractiveness by Country, 2023 to 2033

Figure 141: MEA Market Value (US$ Million) by Component, 2023 to 2033

Figure 142: MEA Market Value (US$ Million) by Environment, 2023 to 2033

Figure 143: MEA Market Value (US$ Million) by Type, 2023 to 2033

Figure 144: MEA Market Value (US$ Million) by Country, 2023 to 2033

Figure 145: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033

Figure 146: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033

Figure 147: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033

Figure 148: MEA Market Value (US$ Million) Analysis by Component, 2018 to 2033

Figure 149: MEA Market Value Share (%) and BPS Analysis by Component, 2023 to 2033

Figure 150: MEA Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033

Figure 151: MEA Market Value (US$ Million) Analysis by Environment, 2018 to 2033

Figure 152: MEA Market Value Share (%) and BPS Analysis by Environment, 2023 to 2033

Figure 153: MEA Market Y-o-Y Growth (%) Projections by Environment, 2023 to 2033

Figure 154: MEA Market Value (US$ Million) Analysis by Type, 2018 to 2033

Figure 155: MEA Market Value Share (%) and BPS Analysis by Type, 2023 to 2033

Figure 156: MEA Market Y-o-Y Growth (%) Projections by Type, 2023 to 2033

Figure 157: MEA Market Attractiveness by Component, 2023 to 2033

Figure 158: MEA Market Attractiveness by Environment, 2023 to 2033

Figure 159: MEA Market Attractiveness by Type, 2023 to 2033

Figure 160: MEA Market Attractiveness by Country, 2023 to 2033

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