Service Robotics Market share to grow at 17.8% from 2015 to 2022

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Service Robotics Market Forecast to reach
21.78bn by 2022 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Service Robotics Market

• The emerging service robotics market is majorly
  driven by its widespread acceptance both in
  personal and professional sectors. Advanced new
  capabilities in robot cognitive coupled with
  features such as accuracy, high quality outcome
  and reliability are the attributing factors
  favoring the industry growth. Government
  regulations supporting the practice of service
  robots in defense military is also augmenting
  the global outlook.
• The extensive use of service robotics in medical
  sector is also a key propellant which pushing the
  industry share. Upgradation of technology in
  medical fields with an inclusion of magnetic
  resonance imaging, fluoroscopy, CT scan, 3D
  ultrasonic is fueling the service robots
  adaptation in the health care sector. Medical
  application is expected to surpass a revenue of
  USD 6 billion by 2022. Rising urge for automation
  will further boost the industry trends
  considerably.

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Continued

• Based on the type of application, service
  robotics market is fragmented into professional
  and personal service robots. Professional service
  robots accounted for a revenue share worth over
  USD 4.5 billion in 2014 and is projected to
  witness an upward swing over the coming five
  years, owing to its high demand in medical and
  defense sectors. Personal service robotics market
  has an extensive set of application in the
  entertainment and household sector and is
  expected to cross 6 billion by 2022.
• North America service robotics industry led the
  global landscape followed by Europe and Asia
  Pacific in 2014. North America is forecast to
  remain in the dominant position in terms of
  service robotics market size and is assessed to
  reach over USD 8.6 billion by 2022 with a sharp
  growth rate of 17 over the period 2015 -2022.
  Increased adaptation of service robots, enhanced
  usability, evolving economics and expanding
  application areas is driving the Europe service
  robotics market and is expected to witness an
  upsurge registering a revenue of USD 6.55 billion
  with gains estimated at a CAGR of 16.5 over
  2015- 2022. MEA is predicted to be one of the
  prominent industry base and is anticipated to
  record a CAGR of 22 over the coming five years.
• Prominent players enhancing the service robotics
  industry include Samsung, Toyota, Yujin Robots,
  and irobots, Hanool Robotics.

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North America service robotics market size by
application, 2012-2022 (USD Million)

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Table of Contents
Chapter 1    Methodology and Scope 1.1   
Research Methodology 1.1.1     Initial data
exploration 1.1.2     Statistical modeling and
forecast 1.1.3     Industry insights and
validation 1.2    List of Data Sources Chapter
2    Executive Summary 2.1    Service robotics
market snapshot, 2012 - 2022
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Continued
Chapter 3    Service Robotics Industry
Insights 3.1    Market segmentation 3.2    Market
size and growth prospects 3.3    Value chain
analysis 3.4    Market dynamics 3.4.1       Key
growth drivers 3.4.2       Industry pitfalls
challenges 3.5    Key growth opportunities 3.6   
Porters analysis 3.7    Service robotics
competitor analysis, 2014 3.8    PESTEL analysis
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