Service Robotics Market To Cross US$ 25 Billion By 2023 - Erie News Now | WICU & WSEE in Erie, PA

Service Robotics Market To Cross US$ 25 Billion By 2023


The global service robotics market is expected to reach US$ 25 billion by 2023, registering a compound annual growth rate (CAGR) of 15% during the forecast period. The short- to medium-term payback period and high return on investment (ROI), and the increasing use of robots in several sectors such as education & research, telepresence, defense, and rescue & security are expected to drive the market. In addition, the rising demand for mobile-robotic solutions in warehouse automation and logistics sector and high demand from the medical and healthcare sectors are fueling the growth of the market. However, high initial costs and R&D expenses, and lack of high-level interfacing are expected to restrict the growth of the market.

In this report, the global service robotics market is segmented by operating environment, application, and region. On the basis of operating environment, the market is segmented into marine, remotely operated underwater vehicles (ROVs), automated guided underwater vehicles (AUVs), unmanned surface vehicles controls, ground, and aerial. The market on the basis of application is segmented into professional and personal.

The global service robotics market is segmented on the basis of key regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Furthermore, each region is segmented to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, India, Russia, Brazil, and GCC countries. The report includes a detailed study of the global and regional service robotics market and analyzes the variations in the growth of the industry in certain regions.

Northrop Grumman Corporation, KUKA AG, iRobot Corporation, Kongsberg Maritime AS, DJI, Intuitive Surgical, Inc., Parrot SA, GeckoSystems Intl. Corp., Honda Motor Co. Ltd., Adept Technology, Inc., Bluefin Robotics, ECA Group, Aethon Inc., DeLaval International AB, and Lely Holding S.a.r.l. are the most active players in the service robotics market.

A glimpse of the report structure is provided in the report description available on the website.

This report covers the service robotics market, in terms of value, and forecasts the market size till 2022. In addition, the report identifies key growth segments and opportunities in the industry. This report also covers a detailed competitive outlook including the share and company profiles of the key players in the global market. The company profile includes company summary, financial summary, business strategy and planning, SWOT analysis, and current developments.

The report provides global market trends, with data from 2013, estimates for 2014 and 2015, and projections of CAGRs through 2022. This deep-dive study on the service robotics market will help customers with the identification of new market opportunities and targeted promotional plans.


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