Service Robotics Market to Witness Huge Growth from 2015-2022 and Focusing on Top Key Players – Honda Motor , Panasonic Corporation, Yujin Robot, Samsung Electronics , Robert Bosch

Press Release

Service robotics market is expected to garner $34.7 billion by 2022, registering a CAGR of 23.9% during the forecast period 2015 – 2022. Service robots are the robots designed to assist humans and perform useful tasks, excluding industrial and manufacturing automation applications. They operate semi- or fully automatically and are capable of performing tedious & dangerous tasks, and providing enhanced efficiency and increased safety.

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 healthcare, defense and security, agriculture, forestry, logistics, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment purpose. Service robotics has witnessed an upsurge in its adoption owing to high labor cost, lack of skilled workforce, increased investments in R&D, 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 limit the growth of the market. Moreover, increasing adoption of smartphones, growing application areas, and growth in emerging economies are likely to provide numerous growth opportunities in the market.

Major Key Players of the Service Robotics Market are:
Honda Motor , Panasonic Corporation, Yujin Robot, Samsung Electronics , Robert Bosch GmbH, and AB Electrolux.

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The report provides a detailed analysis of the segments of global service robotics market along with their revenue and volume. The professional service robots account for a higher revenue share as compared to personal service robots owing to their increasing adoption in healthcare, defense, and field industries. Vendors in the market offer a wide range of service robots for assistance in various applications. In addition, they are acquiring and collaborating with top companies in the market to enhance their offerings and expand their customer base. For instance, in the year 2014, Intuitive Surgical, Inc. launched the da Vinci Xi Surgical System for minimally invasive surgeries.

Major Types of Service Robotics covered are:
Professional Service Robots
Personal Service Robots

Major Applications of Service Robotics covered are:
Defense, Rescue, and Security
Agriculture Robots

Research objectives:-
– To study and analyze the global Service Robotics consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Service Robotics market by identifying its various sub-segments.
– Focuses on the key global Service Robotics manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Service Robotics with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Service Robotics Market Size
2.2 Service Robotics Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Service Robotics Market Size by Manufacturers
3.2 Service Robotics Key Players Head office and Area Served
3.3 Key Players Service Robotics Product/Solution/Service
3.4 Date of Enter into Service Robotics Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Service Robotics Sales by Product
4.2 Global Service Robotics Revenue by Product
4.3 Service Robotics Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Service Robotics Breakdown Data by End User

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In the end, Service Robotics industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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