Service Robotics Market - expected to almost double by 2021 from the 2015 level

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Nov 21, 2016, 05:10 ET

NEW YORK, Nov. 21, 2016 /PRNewswire/ -- Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors. Professional service robots are employed in various industries including medical, defense, rescue and security, agriculture, logistics, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment and leisure purpose.

The global service robotics market is expected to reach nearly US$ 13 Billion by 2021, driven by an upsurge in its adoption owing to high labor cost, lack of skilled workforce, increasing research and development investments, growing awareness regarding the benefits of service robots, and increased demand for automation among professional and personal sectors. However, high initial investment and concern for human safety restricts the growth of the market.

Key Highlights of the Report:

- The global service robotics market is expected to almost double by 2021 from the 2015 level.

- The global professional service robotics market is anticipated to cross US$ 8 Billion mark by 2021.

- The market for personal and domestic service robotics segment is expected to reach nearly US$ 5 Billion by 2021.

- The global professional service robotics sales volume is predicted to reach nearly 100,000 units by 2021.

- In 2015, medical application was the major industry vertical, in terms of market share, followed by defense applications.

- Agriculture/field robots controlled over 20% share of the professional service market in 2015.

- In volume terms, the logistic robots accounted for maximum share of the overall professional service robotics volume in 2015.

- The medical robots accounted for single digit share of the professional service robotics volume in 2015, due to expensive nature of these devices.

- Mobile platforms and cleaning segment captured XX% and XX% share of the professional service robotics volume respectively in 2015, while construction segment accounted for XX% volume share in the same year.

- In the personal and domestic service robotics, the entertainment and leisure robot captured maximum share of the market in 2015.

- In terms of volume, the household robots captured majority share of the overall personal and domestic service robotics volume in 2015.

iGATE RESEARCH report titled "Service Robotics Market and Volume by Type (Professional Service Robots, Personal and Domestic Service Robots), by Application (Medical, Defense, Logistics, Field, Construction, Rescue and Security, Professional Cleaning Robots, Mobile Platforms, Underwater, Inspection and Maintenance Systems, Household, Entertainment and Leisure) and Key Players Analysis - Global Forecast to 2021" provides a comprehensive assessment of the fast-evolving, high-growth Global Robotics Market.

This 135 Page report with 75 Figures and 12 Tables has been analyzed from 8 viewpoints:

1. Global Service Robotics Market and Forecast (2009 - 2021)
2. Global Service Robotics Volume and Forecast (2009 - 2021)
3. Global Professional Service Robotics Market and Forecast - By Segment (2009 - 2021)
4. Global Professional Service Robotics Volume and Forecast - By Segment (2009 - 2021)
5. Global Personal and Domestic Service Robotics Market and Forecast - By Segment (2009 - 2021)
6. Global Personal and Domestic Service Robotics Volume and Forecast - By Segment (2009 - 2021)
7. Key Player - Sales and SWOT Analysis (2010 - 2021)
8. Global Service Robotics Market - Growth Drivers and Challenges

Global Service Robotics Market and Volume Forecast - By Type

1. Professional Service Robotics
2. Personal and Domestic Service Robotics

Global Professional Service Robotics Market and Volume Forecast - By Segment

1. Defense
2. Agriculture/Field
3. Logistic
4. Medical
5. Construction
6. Mobile Platforms
7. Inspection
8. Underwater
9. Rescue and Security
10. Cleaning
11. All Others

Global Personal and Domestic Service Robotics Market and Volume Forecast - By Segment

1. Household Robotics
2. Entertainment and Leisure Robotics

Global Robotics Market - Key Players Sales and SWOT Analysis

1. KUKA AG
2. Adept Technology (Acquired by OMRON)
3. iRobot Corporation
4. Intuitive Surgical
5. Nachi-Fujikoshi
6. Yaskawa Electric Corporation

Research Methodologies

Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.

Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

Read the full report: http://www.reportlinker.com/p04353788-summary/view-report.html

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