The global service
robotics market is projected to reach USD 15.69 billion by 2020,
at an expected CAGR of 23.7% from 2014 to 2020. The demand for the global service
robotics is anticipated to surpass 18 million units by 2020. The major factor
driving the industry is the rising occurrences of supported living and the
demand to fight against increasing costs of labor in the developed countries.
The foremost advantage offered by service robotics
includes assistance in carrying out those tasks which would otherwise have been
tough and risky. Moreover, the ordinary routine tasks can be effortlessly dealt
with having a high degree of accuracy with the help of these devices.
The global industry has witnessed a massive growth in
the number of companies trying to enter the industry and gain share by evolving
and refining their automation techniques. The components involved in the
manufacturing these machines include microcontrollers, actuators, manipulators,
sensors, and power supply.
Browse full research report on Service Robotics Market: https://www.grandviewresearch.com/industry-analysis/service-robotics-industry
In 2013, personal robots had the highest share of the
market regarding volume. However, the highest revenue generating segment
included professional robots. These professional service robots accounted for
over 70% of the global market in that year. Professional service robots are
further segmented into field, medical, defense, and logistic robots. Out of these,
in 2013, the defense professional service robots led the global industry
concerning revenue generation and accounted for over 40% of the total revenue.
This was due to their utilization of unmanned aerial vehicles.
North America emerged as the largest market in 2013,
accounting for more than 35% of the overall volume share. The U.S. was the
primary revenue generator of North America. This high growth in the region can
be attributed to the quick rise in the development of production capacities as
well as industrialization. Furthermore, the rapidly growing automotive industry
in North America is also projected to drive the demand for the overall
industry.
The global service robotics industry is highly branded
as there is intense competition between the specialized service robot
manufacturers and the industrial robot manufacturers. The major corporations
operating in the market include Samsung Electronics, Toyota Motor Corporation,
Hanool Robotics Corp, Honda Motors Co. Ltd. Other participants include GeckoSystems,
Yujin Robot, iRobot Corporation, AB Electrolux, Fujitsu Frontech Limited, LG
Electronics Inc., and Sony Corp. Over the next six years, companies including
Amazon, Google, and Apple are also expected to enter into the global service
robotics market.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/semiconductors
Grand View Research has segmented the global service
robotics market on the basis of application and region:
Service
Robotics Application Outlook (Volume, Thousand Units & Revenue, USD
Million; 2012 - 2020)
- Professional
Robots
- Defense
- Field
- Medical
- Logistics
- Mobile
Platforms
- Underwater
Systems
- Construction
& Demolition
- Others
- Personal
Robots
- Entertainment
- Household
Service
Robotics Regional Outlook (Volume, Thousand Units & Revenue, USD Million;
2012 - 2020)
- North America
- Europe
- Asia Pacific
- RoW
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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