Title: Service Robotics Market
1 Service Robotics Market Research Report By
Forecast 2022
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2022
2Service Robotics Market Forecast To 2022
Service Robotics Market Forecast To 2022
- The global market for service robotics can attain
a valuation of USD 20 Billion by 2022, says
Market Research Future (MRFR). The market is also
noted to have the potential to achieve a decent
growth rate of 15 from 2016 to 2022, which is
the forecast period. - The surging need to control, manage, and monitor
numerous operations in the logistics, healthcare,
household and defense sectors coupled with the
increasing labor cost can favor the service
robotics market in the near future. Issues faced
while handling workloads, intensive operations
and day-to-day tasks have ramped up the demand
for service robotics since they offer elevated
operational efficiency. The market development
has been rapid in recent years, on account of
massive investments in research and development
(RD), the surge in product innovations combined
with surging consumer awareness about the
benefits of service robotics.
3Service Robotics Market Forecast To 2022
Taste the market data and market information
presented through more than 50 market data tables
and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of
content TOC market synopsis on Service Robotics
Market Forecast To 2022
- Services robotics are also gaining momentum in
human assistance tasks for bringing down the work
pressure, elevate efficiency, and perform
repetitive tasks with the same vigor. Government
initiatives along with numerous organizational
innovations help boost the use of automated and
robotic systems, which is believed to be working
in favor of the market. Professional robots have
gained immense popularity, given the mounting
need for automated solutions in multiple
professional sectors. Service robotics is being
integrated with advanced technologies like
Artificial Intelligence (AI) in order to improve
their capabilities within the defense and
logistics sector. The logistics sector makes
extensive use of service robotics to handle,
transport, sort, package and delivers products.
4Service Robotics Market Forecast To 2022
Global Service Robotics Market Segmented on the
basis of
The service robotics market has been examined
thoroughly in the MRFR report, with respect to
segments like type and end user. Type-based
segments in the market are domestic and
professional. The end-users covered in the report
are automotive, transportation, healthcare,
construction, defense, media entertainment,
security, supply and logistics, agriculture and
others. Amongst all the end-user segments, the
healthcare industry has landed the top position
in the service robotics market. Defense,
construction and automotive industries also
exhibit the potential to achieve higher growth
trajectory from the present graph in the service
robotics market. The defense sector makes use of
service robotics in a bid to reduce the human
involvement, subsequently bringing down the
number of victims.
5Service Robotics Market Forecast To 2022
Global Service Robotics Market - Geographical
Analysis
- The region-wise market segmentation for service
robotics includes Asia Pacific (APAC), Europe,
North America along with the Rest of the World
(RoW). - North America is the highest revenue-generating
market for service robotics, in view of the fact
that the demand in the medical and healthcare
sector has increased drastically in recent years.
Apart from this, rising use of service robots for
education and research purposes, high return on
investment (ROI), and short- to medium-term
payback period has also led the regional market
to a better position on a global scale. - Europe is the second-most lucrative market for
service robotics. Some growth-inducing factors
include mounting demand for service robotics
across various industries, increasing aging
population and the surge in the number of
research development activities in the robotics
field.
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6Service Robotics Market Forecast To 2022
Global Service Robotics Market - Competitive
Analysis
- Leading vendors in the worldwide market for
service robotics include Parrot SA (France),
iRobot Corporation (U.S.), LG Electronics Inc.
(South Korea), Intuitive Surgical, Inc. (U.S.),
Fujitsu Frontech Limited (Japan), GeckoSystems
Intl. Corp. (U.S.), Grumman Corporation (U.S.),
KUKA AG (Germany), Honda Motor Co. Ltd. (Japan),
Kongsberg Maritime AS (Norway), Samsung
Electronics Co., Ltd. (South Korea), Adept
Technology, Inc. (U.S.), DJI (China), to mention
a few.
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.com/reports/service-robotics-market-2437
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