The
global servicerobotics 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 Research
Report on Service Robotics Market:
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.
View more reports of this category by
Grand View Research at
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
o Defense
o Field
o Medical
o Logistics
o Mobile
Platforms
o Underwater
Systems
o Construction
& Demolition
o Others
·
Personal Robots
o Entertainment
o Household
View press release of this research report by
Grand View Research:
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.
