Service Robotics Market worth $46.18 Billion by 2017

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World Service Robotics Market worth 46.18
Billion by 2017
MarketsandMarkets Presents
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• According to the market research report Service
  Robotics Market  Global Forecast Assessment by
  Applications Geography (2012 2017) published
  by MarketsandMarkets (www.marketsandmarkets.com),
  the total service robotics market is expected to
  reach 46.18 billion by 2017 at a CAGR of 17.4
  from 2012 to 2017.

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• Browse 72 tables spread through 208 pages and
  in-depth TOC on Personal Professional Service
  Robotics Market Global Forecast Assessment by
  Applications Geography (2012 2017).
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  service-robotics-market-681.html
• Early buyers will receive 10 customization on
  this report.

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• Though the evolution of the service robotics
  market started in the late 1900s, the market for
  service robots picked up only two decades ago in
  response to the growing ageing population across
  the world. The devices currently being sold are
  simple and elementary as compared to earlier
  devices.
• Service robotics is a wide technology area that
  also includes a subset of various enabling
  technologies. It is also an area of increasing
  interest, investment, and hype. Within this
  backdrop, domestic, military, and healthcare are
  the applications driving service robotics
  commercialization. Mobile robots and unmanned
  systems consist of several subsystems. The
  technologies involved in these systems will
  require advances if robots are to see an
  extensive use in personal home and security
  applications.

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• The definition of service robots is already
  dynamic active in a multitude of industries,
  emerging in many more sectors, likely to have a
  serious worldwide economic impact, and
  encompasses all the methods of processing,
  service, and assistance with robots.
• Service robots are classified into personal
  service robots and professional service robots.
  Personal service robots are meant for household
  jobs, education, entertainment, and for
  assistance to the elderly and physically and
  mentally challenged population. Some of the
  examples of service robots are domestic robots
  such as the ASIMA, a Humanoid from Honda,
  Roomba (vacuum cleaners) and Aibo, the Sony
  robot dog.

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• Professional service robots are high-tech,
  sophisticated, highly valuable, and increasingly
  being used in factories, hospitals, public
  buildings, dangerous and hazardous environments,
  oceans, the space, cow barns, and fields. Some of
  the examples of professional service robots
  include underwater remotely operated vehicles,
  cow milking robots, medical robots, and bomb
  disposal robots.
• The service robotics industry will witness a
  blend of leading industrial robotics
  manufacturers who will benefit from technology
  gains in the new high growth sectors, as well as
  cutting edge service robotics companies that
  combine the latest robotics technology with
  practical uses primarily in the home and in the
  defense, service, and medical industries.

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• The market is driven by factors like ageing
  population, value enhancement by robots,
  increasing grants and funds by governments,
  increasing venture capital investments in service
  robotics companies, enhancements in complementary
  technologies and integration of robotics with
  mobile technologies, other smart products, and
  appliances.
• The leading market players in service robotics
  industry include Honda Motors (Japan), iRobot
  (U.S.), AB Electrolux (Sweden), Sony (Japan),
  Fujitsu (Japan), Toyota (Japan), GeckoSystems
  (U.S.), Yujin Robot (South Korea), and others.

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