Rising Use of Robots in Defense Industry Drives Global Service Robotics Market
A new report, titled “Service Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, published by market intelligence company, Transparency Market Research, presents a professional and comprehensive analysis of the global service robotics market.
Browse the full Service Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at https://www.transparencymarketresearch.com/service-robotics-market.html
With the increasing digitization and automation of a variety of industrial processes and the rapid inclusion of robots in the global workforce, the global market for service robotics has observed development at an unprecedented pace in the past few years. The report states that the market will tread along a similar growth path over the report’s forecast period and expand at a significant 18.8% CAGR between 2015 and 2021. With such growth prospects, the market, which was valued US$5.57 bn in 2014, could surpass the report’s forecast valuation of US$22.5 bn by 2021.
The report states that the global service robotics market is being driven by the rising global investments in research and development activities geared towards making the industrial sector increasingly automated and digital. Use of robots in the defense sector, especially in areas such as unmanned ground vehicles and unmanned aerial vehicles, is expected to further boost the global demand for a variety of service robots. A rapid rate of industrialization in developing countries is also adding to the global demand for service robots.
The report segments the global service robotics market on the basis of three criteria: product type, application, and geography.On the basis of type, the market is segmented into personal service robots and professional service robots. Of these, the segment of professional service robots held the largest market share in 2014.The report segments the global service robotics market on the basis of application into defense, logistics, agriculture, research and development, infrastructure, health care, entertainment, and aerospace. Of these, the application segment of defense held the largest share in the market, followed by the healthcare sector in 2014. In the global market, the defense sector had a 17.8% share while the healthcare sector had a 14.1% share in 2014.
Geographically, the report segments the global service robotics market into Europe, North America, Asia Pacific, and the Rest of the World (RoW). Of these, North America held the largest share in the global market in 2014 owing to the high use of service robotics in the defense sector. Demand for service robots in Asia Pacific was also high in 2014 owing to applications in numerous end-use industries such as logistics, infrastructure, and healthcare.
In addition to important market numbers and statistics, the report also presents detailed business profiles of some of the key stakeholders in the market, along with details regarding their revenue, recent developments, and business strategists. The report also evaluates key businesses in the market on the basis of SWOT analysis, which gives the reader an understanding of the strengths and weaknesses of these businesses, along with the threats and opportunities ahead of them.Some of the key companies operating in the global service robotics market are AB Electrolux, Samsung Techwin Co. Ltd., iRobot Corporation, Robert Bosch GmbH, Intuitive Surgical Inc., Mako Surgical Corporation, Touch bionics Ltd., Panasonic Corporation, Dyson Ltd., and Honda Motors Co. Ltd.
The global service robotics market has been segmented as follows:
Global Service Robotics Market: By Product Type
- Professional service robots
- Personal service robots
Global Service Robotics Market: By Application
- Research and development
Global Service Robotics Market: By Geography/ Country
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Rest of the World
- Latin America
- Middle East
- Rest of Rest of the World
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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