Service Robotics Market share to grow at 17.8% from 2015 to 2022 - PowerPoint PPT Presentation

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Service Robotics Market share to grow at 17.8% from 2015 to 2022


More Information @ 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. – PowerPoint PPT presentation

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Title: Service Robotics Market share to grow at 17.8% from 2015 to 2022

Service Robotics Market Forecast to reach
21.78bn by 2022
Fuel Cell Market size worth 25.5bn by 2024
Key Insights of Service Robotics Market
  • The emerging service robotics market is majorly
    driven by its widespread acceptance both in
    personal and professional sectors. Advanced new
    capabilities in robot cognitive coupled with
    features such as accuracy, high quality outcome
    and reliability are the attributing factors
    favoring the industry growth. Government
    regulations supporting the practice of service
    robots in defense military is also augmenting
    the global outlook.
  • The extensive use of service robotics in medical
    sector is also a key propellant which pushing the
    industry share. Upgradation of technology in
    medical fields with an inclusion of magnetic
    resonance imaging, fluoroscopy, CT scan, 3D
    ultrasonic is fueling the service robots
    adaptation in the health care sector. Medical
    application is expected to surpass a revenue of
    USD 6 billion by 2022. Rising urge for automation
    will further boost the industry trends

  • Based on the type of application, service
    robotics market is fragmented into professional
    and personal service robots. Professional service
    robots accounted for a revenue share worth over
    USD 4.5 billion in 2014 and is projected to
    witness an upward swing over the coming five
    years, owing to its high demand in medical and
    defense sectors. Personal service robotics market
    has an extensive set of application in the
    entertainment and household sector and is
    expected to cross 6 billion by 2022.
  • North America service robotics industry led the
    global landscape followed by Europe and Asia
    Pacific in 2014. North America is forecast to
    remain in the dominant position in terms of
    service robotics market size and is assessed to
    reach over USD 8.6 billion by 2022 with a sharp
    growth rate of 17 over the period 2015 -2022.
    Increased adaptation of service robots, enhanced
    usability, evolving economics and expanding
    application areas is driving the Europe service
    robotics market and is expected to witness an
    upsurge registering a revenue of USD 6.55 billion
    with gains estimated at a CAGR of 16.5 over
    2015- 2022. MEA is predicted to be one of the
    prominent industry base and is anticipated to
    record a CAGR of 22 over the coming five years.
  • Prominent players enhancing the service robotics
    industry include Samsung, Toyota, Yujin Robots,
    and irobots, Hanool Robotics.

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


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Table of Contents
Chapter 1    Methodology and Scope 1.1   
Research Methodology 1.1.1     Initial data
exploration 1.1.2     Statistical modeling and
forecast 1.1.3     Industry insights and
validation 1.2    List of Data Sources Chapter
2    Executive Summary 2.1    Service robotics
market snapshot, 2012 - 2022
Chapter 3    Service Robotics Industry
Insights 3.1    Market segmentation 3.2    Market
size and growth prospects 3.3    Value chain
analysis 3.4    Market dynamics 3.4.1       Key
growth drivers 3.4.2       Industry pitfalls
challenges 3.5    Key growth opportunities 3.6   
Porters analysis 3.7    Service robotics
competitor analysis, 2014 3.8    PESTEL analysis
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