Service Robotics Market Size, Growth Forecast, Global Industry Report 2022

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Service Robotics Market Global Industry
Analysis Report, Share, Size, Growth, Price
Trends and Forecast, 2015 2022 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Service Robotics Market

• Service robotics market size is projected to
  reach USD 21.7 billion by 2022, owing to its high
  demand in defense services along with regulations
  favoring the use of service robots across various
  industries such as healthcare, transport, etc.
  Unmanned vehicles, which are primarily used to
  carry out dangerous military operations in the
  defense sector, will contribute significantly
  towards service robotics industry growth over the
  coming years. Favorable government norms
  encouraging the use of service robotics across
  various industrial applications are also a vital
  driving factor. For instance, EUs SPARC robotics
  program emphasizes on product development across
  medical, transportation, manufacturing, civil
  security, and household sectors.
• Service robotics market share in medical sector
  is expected to surpass USD 6 billion by 2022, as
  its use ensures superior healthcare quality and
  sustainable medical facility. Introduction of new
  technologies providing dexterity, accuracy, and
  stability as well as inclusion of 3D ultrasound
  facility in the healthcare sector are expected to
  boost service robotics industry growth. Medical
  service robotic systems extensively support
  fluoroscopy, MRI, CT scan, and ultrasound imaging
  operations.

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Continued

• Personal and Professional sectors are expected to
  make substantial contributions towards the
  service robotics market share over the coming
  timeframe. Personal sector is further segmented
  into household and entertainment sectors. Service
  robotic market revenue in professional sector
  worth USD 4.5 billion in 2014, is expected to
  witness a high surge over the coming years.
• The growth can be attributed to the extensive use
  of service robots in assisted surgery,
  construction, demolition, defense, and farming
  activities. Service robotics market size in
  personal applications is expected to reach USD
  6.8 billion by 2022. The growth can be credited
  to the rising popularity of service robots in the
  household applications along with the increasing
  consumer trend for automation.
• North America service robotics industry size
  worth USD 2.4 billion in 2014, is predicted to
  reach USD 8.6 billion by 2022, driven by the
  increasing demand for service robotics across
  healthcare, defense, logistics, mobile platforms,
  underwater systems sectors, etc. U.S. is
  projected to contribute substantially towards the
  regional revenue.

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

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Continued.

• Asia Pacific service robotics market share worth
  USD 900 million in 2014, is estimated to be
  valued at USD 4 billion by 2022. The growth can
  be credited to its heavy demand in defense and
  household sectors.
• MEA service robotics market size is anticipated
  to grow at a rate of 22 over 2015-2022. Europe
  services robotics market is predicted to record a
  CAGR of 16.5 over the coming six years.
• Market players will try to enhance their brand
  visibility and regional presence by implementing
  key business strategies such as mergers
  acquisitions, product innovations, and R D
  investments. Key industry players include Fujitsu
  Frontech, iRobot Company, Honda, Yujin Robot, LG
  Electronics, Hanool Robotics Corporation, and
  Samsung Group.

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