Service Robotics Market Size, Share, Trends And Forecat Report By 2022 : Radiant Insights,Inc
RadiantInsights.com includes new market research report on “Global Service Robotics Market Size, Share And Trends Report Up To 2022 : Radiant Insights” to its huge collection of research reports.
San Francisco, United States – October 29, 2015 /MarketersMedia/ —
The worldwide Service Robotics Market is estimated to grow at a CAGR over 20% from 2014 to 2020, according to Radiant Insights, Inc. Service robotics are electronic assistants for dull and redundant tasks, including household chores. They find applications in the construction sector. Service robotics systems are also utilized to lift heavy weights.
They are utilized in dangerous missions like deep sea mining and outer space exploration. Apart from these, service robots have applications in media and entertainment, logistics, and healthcare. In the long run, they would reduce workload and improve efficiency.
Service robotics systems are very advanced and provide numerous benefits. Their growing usage and advantages have led to huge revenues. The market finds old and disabled populations as its primary clients. It has undergone significant innovations with regards to mobility, accuracy, and perception.
Governmental funds in support of these systems and rising geriatric population will encourage growth in the service robotics market. The market had a size of 4.1 million units in 2013. It expects to exceed 18 million units by 2020. Forestry, agriculture, and surveillance are the other sectors across which these robots are utilized.
Browse full research report with TOC on http://www.radiantinsights.com/research/service-robotics-market
Enhanced demand for service robotics across these sectors is also driving demand for the market. The market is divided into professional robots, and personal robots. Professional robots are used in forestry, farming, milking, and mining. Personal robots find applications in domestic chores. Some of these chores include lawn mowing, home security, research assistance, and handicap assistance.
Professional robots accounted for over 70% of the service robotics market in 2013. Based on total volumes, personal robots were preferred over their counterparts. North America dominated the market in 2013. It accounted for more than 35% of the demand. This region was followed by Asia Pacific (APAC) and Europe.
Browse All Reports of This Category at: http://www.radiantinsights.com/catalog/semiconductors
The Asian Pacific service robotics market has the highest potential for expansion due to rapid industrialization in Japan, India, and South Korea. Some of the key players in the global market include Samsung Electronics, iRobot Corporation, Touch Bionics Ltd., Fujitsu, and MAKO Surgical Corporation. Product innovations are one of the major strategies adopted by these players.
Other participants ready to invest in the service robotics market include Apple, Google, and Amazon.
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Contact Details:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Web: http://www.radiantinsights.com/
For more information about us, please visit http://www.radiantinsights.com/research/service-robotics-market
Contact Info:
Name: Michelle Thoras
Email: sales@radiantinsights.com
Organization: Radiant Insights, Inc.
Address: 28 2nd Street
Phone: 14153490054
Release ID: 95379
Copyright © 1999-2013 SproutNews.com
