openPR Logo
Press release

Service Robotics Market Outlook, Opportunity and Demand Analysis Report by 2022 | iRobot Corporation, Intuitive Surgical, Inc., Honda Motor Co., Ltd., Aethon Inc.

05-05-2020 03:15 PM CET | IT, New Media & Software

Press release from: Allied Analytics LLP

Service Robotics

Service Robotics

The growing need of automation across various industries has encouraged organizations to adopt service robotics for increased productivity, superior quality and precise operations, reduced operation costs, and enhanced safety of workforce. Increasing labor costs coupled with lack of workforce further accelerate the growth of market. Global Service robotics market is expected to reach $34.7 billion by 2022, with a CAGR of 23.9% from 2015 to 2022. Increasing need for safety along with government regulations for labor protection drives organizations to adopt service robotics for enhanced safety at workplace. The growing penetration of mobile devices facilitates the development of advanced robotic systems and boosts the growth of market.

Vendors in the Service Robotics market focus on developing affordable and energy-efficient robots for small and medium enterprises to cater to the growing requirements of consumers. The significant rise in investments in R&D for the development of service robots along with the establishment of organizations including Standardized Procedures for the Advancement of Robotic Combat (SPARC) and International Federation of Robotics (IFR), further fosters the growth of the market.

Download Sample PDF (178 pages with insights) @ https://www.alliedmarketresearch.com/request-sample/524

The segment of professional service robotics accounted for the highest revenue in 2015. The Professional service robots are used in healthcare; defense, rescue, and security; field; logistics; and construction industries. This segment is projected to register a CAGR 22.1% during the forecast period, owing to high demand of automation from these sectors. Reduction in labor costs, increased operational efficiency, and delivery of high-quality services with improved precision and accuracy further encourages consumers to employ professional service robots.

The revenue of personal service robotics segment is expected to grow at a rate of over 26.0% during the forecast period, owing to high demand of service robots from the domestic and entertainment sectors and rise in disposable income of consumers. The integration of mobile robots with smartphones increases the efficiency and usability for personal applications such as lawn moving, cleaning, and personal care. Personal robots are employed for monitoring houses, entertainment, education, and other domestic chores. In terms of volume, personal robots accounted for a highest share of the overall service robotics market in 2014.

Professional service robots are used in healthcare; defense, rescue, and security; field; logistics; and construction industries. The segment of professional service robotics generated $3.9 billion in 2014 owing to high demand of automation from these sectors. Reduction in labor costs, increased operational efficiency, and delivery of high-quality services with improved precision and accuracy further encourages consumers to employ professional service robots. The revenue of personal service robotics segment is expected to grow at a rate of over 26% during the forecast period, owing to high demand of service robots from the domestic and entertainment sectors and rise in disposable income of consumers. In terms of volume, personal robots accounted for a higher share and generated over 4,672 thousand units in 2014.

For Purchase Enquiry@ https://www.alliedmarketresearch.com/service-robotics-market/purchase-options

However, LAMEA is projected to be the fastest growing region throughout the forecast period. Digital revolution and growing need for automation has increased the adoption of service robots in defense, healthcare, and other industries in LAMEA region. Service robots with application areas in exploration and research would garner ample opportunities for the service robotics market growth.

Europe dominated the world service robotics market in 2014 in terms of revenue and is expected to maintain its dominance during the forecast period. This is attributed to the high demand of service robots from domestic, healthcare, and defense sectors. In Europe, service robots are primarily used in the agriculture, milking, and forestry sectors. The low cost, high quality, and lightweight robots are suitable for smaller production units. Thus, there has been a growing adoption of service robotics among SMEs in the European region.

Get detailed COVID-19 impact analysis on the Service Robotics Market @
https://www.alliedmarketresearch.com/request-for-customization/524?reqfor=covid

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients t o make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Service Robotics Market Outlook, Opportunity and Demand Analysis Report by 2022 | iRobot Corporation, Intuitive Surgical, Inc., Honda Motor Co., Ltd., Aethon Inc. here

News-ID: 2034752 • Views: 79

More Releases from Allied Analytics LLP

Traction Motor Market Organization, Deployment Type, Vertical and Region – Glo …
Allied Market Research published a report titled, "Traction Motor Market by Application (Railways, Electric Vehicle and Industrial Vehicles), Type (DC Traction Motor, AC Traction Motor and Synchronous Motor) and Power Rating (Less than 200 kW, 200-400 kW and More than 400 kW): Global Opportunity Analysis and Industry Forecast, 2020–2027."According to the report, the global traction motor industry was estimated at $10.78 billion in 2019, and is expected to hit $30.06
Ceramic Injection Molding Market Strategic Insights and key Business Influencing …
Global ceramic injection molding market size was $375.0 million in 2018 and is projected to reach $746.2 million in 2026, growing at a CAGR of 8.8%. The alumina segment accounted for over two-fifths of the market share in 2018 and is expected to witness significant growth during the global ceramic injection molding market forecast period. Rapid production & bulk production advantage, high demand for injection-molded ceramic products, low labor cost and
Smart Bathrooms Market Trends and Future Growth Projections by 2023 | Delta Fauc …
Global smart bathrooms market is expected to reach $2.52 billion by 2023, registering a CAGR of 10.7% during the forecast period. Increase in investments to build smart homes, surge in development of non-residential infrastructure, and rise in awareness for energy & water conservation and hygiene have boosted the growth of the global smart bathroom market. Moreover, trend of lavish and state-of-the-art home products owing to surge in consumer disposable income
Compact Construction Equipment Market Scope, Opportunities, Trends, and Forecast …
Compact Construction Equipment Market is expected to reach at $9,438 million by 2023, growing at a CAGR of 6.2% during the forecast period. Asia-Pacific accounted for approximately 32.0% of the market share in 2016 and is expected to witness significant growth during the forecast period. Compact construction equipment is small in size, highly efficient, and easy to use. They find their application majorly in the construction

All 5 Releases


More Releases for Robotic

Medical Robotic Systems Sales Market
UpMarketResearch offers a latest published report on Global Medical Robotic Systems Sales Market industry analysis and forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains XX pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. Medical Robotic Systems Sales Market research report delivers a close watch on leading competitors with
Medical Robots Market 2019-2030 for into surgical robotic systems, rehabilitatio …
10 May 2019 Press Release MIR presents "Medical Robots Market With Global Analysis and Forecast 2019-2030" with innovation and optimization, integrity, curiosity, customer and brand experience, and strategic business intelligence through our research. Medical robots are the robots that are used in hospitals and medical institutions to perform highly complex surgeries. Robots can be utilized as surgical assistants to surgeons that perform minimally invasive procedures. Rehabilitation robots play an important role
Heavy Payload Robotic Arm Market
This report presents the worldwide Heavy Payload Robotic Arm market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis. Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-heavy-payload-robotic-arm-2025-690 The robotic arm plays
Robotic Process Automation (RPA) Market Global Leaders -
Market Highlights: Robotic process automation (RPA) is refer as software robots. RPA is a combination of artificial intelligence and machine leering technologies, as result this robots can perform any task and that to repeatedly. The task may include calculation, transaction, IT management, and training, and various other activity that are practice in business on daily basis. Robotic process automation is nothing to do with robots. Term robot is referred to software that
Neurorehabilitation Devices - MIME Robotic Device
Bioness Inc., Bionik Laboratories Corp., Bioxtreme, Denecor, Ectron Ltd., Ekso Bionics, Helius Medical Technologies, Hocoma AG, MagVenture A/S, Medtronic, Neuro Style, Rehab-Robotics Company Limited, Rehabtronics Inc, St Jude Medical Inc., Tyromotion are some of the prominent players at the forefront of competition in the global Neurorehabilitation Devices Market and are profiled in MRFR Analysis. Global Neurorehabilitation Devices Market - Overview The neurorehabilitation devices market is growing with the rapid pace. According
Neurorehabilitation Devices - MIME Robotic Device
Bioness Inc., Bionik Laboratories Corp., Bioxtreme, Denecor, Ectron Ltd., Ekso Bionics, Helius Medical Technologies, Hocoma AG, MagVenture A/S, Medtronic, Neuro Style, Rehab-Robotics Company Limited, Rehabtronics Inc, St Jude Medical Inc., Tyromotion are some of the prominent players at the forefront of competition in the global Neurorehabilitation Devices Market and are profiled in MRFR Analysis. Global Neurorehabilitation Devices Market - Overview The neurorehabilitation devices market is growing with the rapid pace. According