Service Robotics Market to High Growth Via Professional Application Segment By 2024

The professional application segment of the service robotics market is anticipated to witness a high growth owing to the increasing adoption of these systems for carrying out mundane and monotonous tasks such as milking, packing, and other activities. Medical robot systems are finding increasing applications in providing assistance during surgeries, therapy, and patient caring, contributing to the heavy growth of the service robotics industry.

The personal product segment of the service robotics market is predicted to dominate in terms of revenue during the forecast timeframe. Personal robots, such as vacuum cleaners, automated wheelchairs, and domestic servants, among others have aided in improving the quality of life and providing an increased convenience to their users. For instance, in homes with geriatric inhabitants, who live alone, these robots are ideally suited for monitoring and diagnosing patients by relaying the information back to the medical practitioners or alerting authorities during emergencies such as when the patient falls from a wheelchair.

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In addition to this, it has been reported that in early 2018, the US Army conducted a live-fire exercise by utilizing a fully automated machine gun and a remote-controlled ground combat robot. The demonstration is apparently being described as revolutionary in the service robotics market, given that the Army had deployed a ground robot for the first time to provide fire power in tandem with human soldiers. Furthermore, as per a few trusted sources, it is being claimed that the US Army would consist of more combat robots than human soldiers by the year 2025.

The company has always been at the front page with its continuous adoption of advanced technologies for enhancing consumer experience. It has recently introduced its iAdapt 2.0 Responsive Navigation system that is integrated with Alexa –strongly emphasizing on voice as a better interface than touch. Reportedly, the vacuum cleaner not only recognizes voice or speech but also has the capability to digitally map the interior of house while cleaning the floor. As per analysts’ speculation, the birth of such groundbreaking technologies is bound to lucratively drive the product terrain of service robotics market over the coming years.

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The adoption of the service robotics market is highly beneficial in the reduction of human casualties suffered during activities, primarily in defense and certain research activities such as underwater cave discoveries. In recent years, internal and external security threats have compelled governments of various organizations to adopt these solutions and are substantially contributing to the strong growth of the service robotics industry. These systems can be used in conducting discrete surveillance activities or for implementing activities that are highly dangerous to human personnel.

The introduction of service robots in logistic operations is deemed to be one of the most significant qualitative shifts in this domain. The paradigm transition in operational interlinking is undoubtedly bringing new opportunities for service robotics market from logistic application. Autonomous Guided Vehicles (AGVs) is one of the finest examples of the robotics breakthroughs in logistics sector. AGVs can reportedly be operated without much human intervention and are significantly increasing the safety quotient of the automobile.

Some Point from Table of Contents:

Chapter 4. Service Robotics Market, By Product
4.1. Global service robotics industry share by product, 2016 & 2024
4.2. Professional
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 - 2024
4.3. Personal
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 – 2024
Chapter 5. Service Robotics Market, By Application
5.1. Global service robotics industry share by application, 2016 & 2024
5.2. Professional
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by region, 2013 – 2024
5.2.3. Defense
5.2.3.1. Market estimates and forecast, 2013 - 2024
5.2.3.2. Market estimates and forecast, by region, 2013 – 2024
5.2.4. Field
5.2.4.1. Market estimates and forecast, 2013 - 2024
5.2.4.2. Market estimates and forecast, by region, 2013 – 2024
5.2.5. Healthcare
5.2.5.1. Market estimates and forecast, 2013 - 2024
5.2.5.2. Market estimates and forecast, by region, 2013 – 2024
5.2.6. Logistics
5.2.6.1. Market estimates and forecast, 2013 - 2024
5.2.6.2. Market estimates and forecast, by region, 2013 – 2024
5.2.7. Others
5.2.7.1. Market estimates and forecast, 2013 - 2024
5.2.7.2. Market estimates and forecast, by region, 2013 - 2024
5.3. Personal
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by region, 2013 – 2024

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