Service robotics market size estimated to reach USD 21.7 billion by 2022 - PowerPoint PPT Presentation

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Service robotics market size estimated to reach USD 21.7 billion by 2022

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Request for a sample of this research report @ Service Robotics Market size is estimated to reach USD 21.78 billion by 2022 as per a new research report by Global Market Insights, Inc. Leading industry participants focus on R&D to ensure efficient product development and innovation. – PowerPoint PPT presentation

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Title: Service robotics market size estimated to reach USD 21.7 billion by 2022


1
Service robotics market size estimated to reach
USD 21.7 billion by 2022 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Service Robotics Market
  • Global shipments are forecast to exceed 28
    million units by 2022, growing at 22.9 CAGR from
    2015 to 2022.
  • Professional service robotics market share was
    more than 70 of the global revenue in 2014. This
    can be attributed to considerable price trend as
    compared to their personal counterparts. These
    products are used in agriculture, assisted
    surgery, and in the UAV market for military
    applications.
  • Online retailers are looking towards optimizing
    their logistics and supply chain to minimize lead
    time and offer better customer experience, which
    will fuel revenue across the logistics segment.
  • Household service robotics market size is
    anticipated to cross USD 4 billion by 2022.

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Continued
  • Design and development for generic applications
    is usually done in accordance to a set of
    standard conditions, which might not be suitable
    for extreme conditions such as extremely low or
    high temperatures or the presence of too many
    obstacles. Imparting cognitive competencies
    involves a high level of programming, which is
    possible only for domain-specific programmers and
    may pose a challenge to growth.
  • U.S. service robotics market share was the key
    region in 2014, with North American industry
    revenue set to grow at over 17 CAGR over the
    forecast timeframe.
  • Notable companies operating in the industry
    include Yujin Robots, iRobot, LG Electronics,
    Toyota, Honda, Samsung, Hanool Robotics, etc.

4
North America service robotics market size by
application, 2012-2022 (USD Million)

5

Browse Full Market Research Report On Service
Robotics Market _at_ goo.gl/V3IdPL Request for a
Sample of this Research Report _at_
https//www.gminsights.com/request-sample/detail/1
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360 Analysis
  • Application Analysis
  • Professional service robotics market size was USD
    4.5 billion in 2014. It includes defense, field,
    medical, logistics, mobile platforms, underwater
    systems, construction demolition and others. In
    2014, demand originated mainly from the defense
    sector, as a result of their adoption in unmanned
    aerial vehicles among others.
  • Regional Analysis
  • North America was valued over USD 2.4 billion in
    2014. It is expected to reach USD 8.6 billion by
    2022 at a CAGR of over 17 over the coming few
    years. Europe was projected to make USD 6.55
    billion by 2022, with gains estimated of over
    16.5 from 2015 to 2022.
  • .
  • Competitive Market Share
  • The global service robotics market share is
    highly competitive with established players
    driving sales through technological innovations.
    The market comprises hardcore robotics companies
    (e.g. iRobot, Yujin Robots) that compete
    alongside consumer electronics manufacturers (LG
    Electronics, Samsung) automotive specialists
    (Honda, Toyota) and technology-driven companies
    (Google Inc.).


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