Service robots are the robots that perform multiple tasks such as
automatic floor mopping, dishwashing, lawn mowing and many more for
humans apart from the industrial application. These are the fully
autonomous systems that have the ability to carry out the services
with or without human assistance. They are used in industries and for
domestic purpose assisting human in performing duties which are
repetitive and difficult for humans to perform. Moreover they are
used to perform tasks that are repetitive, dangerous, dull and dirty.
The service robotics is segmented into professional and service
robots. The professional robots are used for commercial purpose
whereas personal robots are used for domestic uses.
“service
robotics market was valued at US$5.57 bn in 2014, and is expected
to reach US$22.5 bn by 2021, growing at a CAGR of 18.8% from 2015 to
2021”
Increasing
demand for service robots in defense is one of the important factors
driving the service robotics market. Use of service robots in defense
is likely to decrease the number of death casualties during war. Most
used service robots in defense are unmanned aerial vehicles, and
unmanned ground vehicles. Additionally, rapid industrialization is
also acting as an important driver in this market. Service robots
works faster than humans thus, reducing the work time and increases
work efficiency. They are used to lift heavy parts, welding of
automobiles, helps in painting and many more in industries. The
service robotics market is also driven by the increasing investment
in research and development. The service robots are used in carrying
out various complex tasks that are difficult for humans to carry out
in the research labs.
Growing
Factor:
North America held the largest market size for service robotics
market. The market in North America is growing at a CAGR of 17.9%
during the forecast period. One of the important drivers of this
market is the increasing use of service robots in defense sectors.
Moreover, in North America professional service robots held the
largest market share in 2014 In addition, the defense sector held the
largest market share of 15.6% followed by health care segment in
2014. However, high cost associated with development is acting as one
of the major restraint in this market. Asia Pacific is the fastest
growing market and the growth can be attributed to the growing
economies in the region such as China, India, Japan, South Korea and
Australia among others.
Professional
Robots and Defense Industry to Retain Leading Positions in Respective
Areas
The
markets for professional and personal service robots are the two
major segments of the global service robotics products market. Among
the two, the professional robots market occupied the topmost position
with a share of 66.10% in the global market. Analysts projects this
market segment to witness further development at a CAGR of 18.60%
during the period of 2015-2021 on account of sturdy rise in
industrialization and automation across the globe.
More
Information:
key
Application:
Defense,
healthcare, agriculture, logistics, infrastructure, aerospace,
entertainment, and research and development are the key application
areas for service robots. The defense industry emerged as the biggest
end user for service robots in 2014 and was closely followed by the
healthcare market, where the defense sector accounted for a market
share of 17.80% and the healthcare industry held 14.10% share of the
overall industry.The demand for service robots from defense industry
is likely to maintain its pace at a CAGR of 17.20% between 2015 and
2021, retaining the leadership of this industry.
Key
Players:
Some
of the leading players in the service robotics market are AB
Electrolux (Sweden), Touch bionics Ltd (U.K)., iRobot Corporation
(U.S), Samsung Techwin Co. Ltd. (South Korea), Robert Bosch GmbH
(Germany), Mako Surgical Corporation (U.S), Intuitive Surgical
Inc.(U.S), Honda Motors Co. Ltd. (Japan), Panasonic Corporation
(Japan) and Dyson Ltd. (U.K) among others. The report provides
estimates in terms of revenue (USD Billion) from 2015 to 2021 by
studying the global service robotics market.
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