Service Robotics Market is expected to grow globally at CAGR of 20.9% with increasing smart technologies

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Service Robotics Market
Service Robotics Market
(openPR) - A new research document with title 'Service Robotics - Global Market Outlook (2016-2022)' covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like North America, Europe, Asia Pacific, Rest of the World and important players/vendors such as Kongsberg Maritime AS, Samsung Electronics, Sony Corporation etc. The report will help user gain market insights, future trends and growth prospects for forecast period of 2016-2022.

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Summary
According to Research, the Global Service Robotics market is expected to grow from $7.5 billion in 2015 to reach $28.24 billion by 2022 with a CAGR of 20.9%. Increasing smart technologies, growing applications of healthcare, rapid industrialization, increasing investments in R&D, and rising usage of service robots in defence and security are the key factors driving the market growth. The future market for the service robots lies in personal robots used in household applications. Lack of sophisticated cognitive competencies and high cost are the factors hindering the market growth.

Professional Service Robots segment leads the market globally with the biggest market share and is expected to grow with a high CAGR during the forecast period due to augmented investments in R&D, increasing awareness regarding the benefits of service robots, and improved demand for automation among professional sectors. Asia Pacific is anticipated to hold the largest share in global market due to growing R&D investments for new robotics technology, mainly for use in defence, rescue and security and medical applications.

Some of the key players in global Service Robotics market include Kongsberg Maritime AS, Samsung Electronics, Sony Corporation, AB Electrolux, Toyota Motor Corporation, Amazon.Com, Inc., Apple Inc., Bluefin Robotics, Fuji Soft Inc., Geckosystems Intl. Corp., Google Inc., Honda Motor Co., Ltd., LG Electronics, Microsoft, Inc, Northrop Grumman Corporation, and IRobot Corporation

Applications Covered:
• Personal Service Robots
o Educational robots
o Leisure robots
o Personal assistance robots
o Research and Hobbyists
o Security
o Entertainment
o Domestic
o Toy robots
o Other Personal Service Robots Applications
• Professional Service Robots
o Defense, Rescue, & Security
o Agriculture and forestry
o Aerospace
o Infrastructure
o Medical
o Underwater
o Other Professional Service Robots Applications

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Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

....Continued

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