Agriculture,  Consumer Goods and Services,  Energy and Power,  Food and Beverages,  ICT Media,  Machinery and Equipments,  Material and Chemicals,  Medical Devices,  Pharmaceutical and Healthcare,  Semiconductor and Electronics

Service Robotics Market Global Opportunity Analysis and Industry Forecast-2025

Service Robotics Market | Industry Outlook and Trend Analysis

The Service Robotics Market was worth USD 7.78 billion in the year of 2014 and is expected to reach approximately USD 27.15 billion by 2023, while registering itself at a compound annual growth rate CAGR of 14.90% during the forecast period. The requirement to battle rising work costs in developed countries and increasing instances of assisted living are anticipated to provide driving force to the worldwide service robotics market. Since they assist in performing tasks that would somehow be considered unsafe or troublesome, service robots are foreseen to encounter significant demand. Furthermore, regular assignments can be effortlessly taken care of with a high level of exactness by these computer-controlled gadgets. Nonetheless, service robotics is in nearness to people; in this manner, guaranteeing complete health and security is absolutely critical. An expanding number of organizations have been creating and sharpening automation methods keeping in mind the end goal to gain share of the market. Key parts of the service robotics incorporate actuators, power supply, manipulators, sensors, and microcontrollers, of which sensors are the most important. Moreover, mobile technology, increasing geriatric population and smart devices implementing robotics, venture capital investments, funds and favorable government grants and enhancement of complementary technologies among others are foreseen to affect the market demand positively.

Application Outlook and Trend Analysis 

The market for service robotics can be extensively classified into two application portions and incorporates personal service robotics and professional service robotics. The service robotics incorporate four principle service robotics includes four main professional service robotics applications, for example, medical, defense, field and logistic. In 2012 Service robotics utilized for guard purposes represented a significant piece of the overall industry because of their utilization in unmanned aeronautical vehicles among others. Field robots, which are utilized for purposes, for example, mining, agriculture, milling, forestry, etc. represented around 25 percent of the general proficient mechanical technology section. Medical robots have increased far reaching acknowledgment because of their help in treatment and robot-assisted surgery. Nonetheless, medical robotics systems are extremely expensive, because of which providers offer renting contracts for them. Additionally, service robotics is utilized as a part of various applications, for example, underwater, mobile platforms, construction, cleaning, rescue and inspection among others. The personal service robotics applications include two fundamental applications and incorporate entertainment and leisure robots and household robots. Personal service robotics represented a substantially smaller income share when compared to its alternatives and have altogether different advertising and evaluating channel. Personal robots are utilized for entertainment, education, lawn mowing, handicap assistance, and research, and so on.

Get a FREE Sample Now and 25% Discount of This Report @ http://www.planetmarketreports.com/report-sample/service-robotics-market-10809

Regional Outlook and Trend Analysis

Asia-Pacific is foreseen to remain the market pioneer, fundamentally by virtue of huge advancements in South Korea and Japan. The United States is likewise anticipated that would involve noteworthy piece of the overall industry and become speedier than the worldwide normal amid the gauge time frame. Quick increment in industrialization and improvement of manufacturing limits in the North America area is probably going to quicken the development of service robotics market. Furthermore, the rapidly developing automotive industry is foreseen to drive the market development in districts including Asia Pacific and North America. The requirement for benefit mechanical technology is anticipated to ascend in creating economies including China, India among others attributable to ascend in assembling and manufacturing bases.

Competitive Insights 

The major companies participating in the market are LG Electronics, Gecko Systems International Corporation, Yujin Robot, Electrolux, FUJITSU FRONTECH LTD, Honda Motor Company, iRobot, Toyota, Fujitsu, Hanool Robotics Corp and Sony Corporation.

The global Service Robotics Market is segmented as follows-

By Application:

Defense
Logistics
Personal
Household
Professional
Field
Medical
Entertainment and Leisure

Get More Info This Reports @ https://www.planetmarketreports.com/reports/service-robotics-market-10809

By Region

North America

U.S
Canada
Mexico

Europe

Germany
France
UK
Italy
Spain
Rest of Europe

Asia-Pacific

Japan
China
Australia
India
South Korea
Rest of Asia Pacific

Rest of the World

Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others

Some of the key questions answered by the report are:

What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Top “Global Robotics Market” Intelligence Similar Reports List

https://www.planetmarketreports.com/reports/global-robot-software-market-5898
https://www.planetmarketreports.com/reports/global-robotic-process-automation-market-5356
https://www.planetmarketreports.com/reports/global-mobile-robot-platforms-market-5780
https://www.planetmarketreports.com/reports/global-industrial-robot-market-9317
https://www.planetmarketreports.com/reports/global-rehabilitation-healthcare-assistive-robot-market-3283
https://www.planetmarketreports.com/reports/global-robotic-pet-dogs-market-1310
https://www.planetmarketreports.com/reports/global-cloud-robotics-market-6876
https://www.planetmarketreports.com/reports/global-industrial-robotics-market-1762
https://www.planetmarketreports.com/reports/robot-operating-system-ros-market-5670
https://www.planetmarketreports.com/reports/service-robotics-market-10809

Customization of the Report: This report can be customized to meet the client’s requirements. Please connect with our sales team (sales@planetmarketreports.com)

 Contact US:-

Name: Jennifer Daniel

Email-Id: sales@planetmarketreports.com

US : +1-716-2260907

UK +447441952057

Organization: Planet Market Reports

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: