Global Service Robotics Market Forecast to 2022

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Global Service Robotics Market Forecast to 2022
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Summary

• Global Service Robotics Market was valued over
  USD 7 Billion in 2016. 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,
  rescue and security, agriculture, logistics,
  construction, and professional cleaning among
  others, whereas personal service robots are used
  for domestic and entertainment and leisure
  purpose.
• The global service robotics market is expected to
  almost triple by 2022 from the 2016 level, 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. However, high
  initial investment and concern for human safety
  restricts the growth of the market.

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• Key Highlights of the Report
• The global service robotics market is expected to
  almost triple by 2022 from the 2016 level.
• The global professional service robotics market
  was valued nearly US 5 Billion in 2016.
• The market for personal and domestic service
  robotics segment is expected to grow from US
  Billion in 2016 to around US Billion by 2022.
• The global professional service robotics sales
  volume is predicted to exceed 150,000 units by
  2021.
• In 2016, medical application was the major
  industry vertical, in terms of market share,
  followed by logistic applications.
• Agriculture/field robots controlled over 20
  share of the professional service market in 2016.
• In volume terms, the logistic robots accounted
  for maximum share of the overall professional
  service robotics volume in 2016.

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• The medical robots accounted for single digit
  share of the professional service robotics volume
  in 2015, due to expensive nature of these
  devices.
• The exoskeletons robotic market was valued worth
  US Million in 2015 and the market increased to
  US Million in 2016.
• Almost units public relation robots were sold in
  2016, 133 more than in 2015.
• Mobile platforms and cleaning segment captured
  and share of the professional service robotics
  volume respectively in 2016, while construction
  segment accounted for volume share in the same
  year.
• Household robots accounted for maximum share of
  the personal and domestic service robotics market
  in 2016.
• It is anticipated that the entertainment and
  leisure robot will account for over 30 share of
  the personal and domestic service robotics market
  by 2022.
• The report titled Service Robotics Market and
  Volume - By Type (Professional Service Robots,
  Personal and Domestic Service Robots) and Key
  Players Analysis - Global Forecast to 2022
  provides a comprehensive assessment of the
  fast-evolving, high-growth Global Robotics Market.

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Global Service Robotics Market Forecast to 2022
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