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| Global service robotics market by application, 2012 - 2020 (USD Billion) |
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.
Full Research Report On service
robotics market Analysis:
http://www.grandviewresearch.com/industry-analysis/service-robotics-industry
http://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.
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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
Service Robotics Regional Outlook (Volume,
Thousand Units & Revenue, USD Million; 2012 - 2020)
·
North America
·
Europe
·
Asia Pacific
·
RoW
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Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-service-robotics-industry
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
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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