Service Robotics Market (Professional and Personal) expected to worth $19.41 Billion by 2020

The report “Service Robotics Market (Professional and Personal), by Application (Defense, Agriculture, Medical, Domestic, Entertainment), & by Geography - Analysis Forecast (2014-2020)” , the market is expected to grow at a CAGR of 21.5% from 2014 to 2020, and reach $19.41 Billion by 2020.

Browse 70 market data tables and 73 figures spread through 184 pages and in-depth TOC on “Service Robotics Market’.

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Major players in the overall market include: Intuitive Surgical Inc. (U.S.), iRobot Corporation (U.S.), Honda Motors Co. Ltd. (Japan), Google Inc. (U.S.), and MAKO Surgical Corporation (U.S.).

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The geographic split for the service robotics market is included in the report. The overall market is divided into five major geographic segments- The Americas, Europe, Japan, Asia-Pacific, and Rest of the World.

Service robotics deals with the development of robotic technology that assists human beings in various personal and professional tasks. These robots help in reducing physical workloads and intervene in hazardous or life-critical environments. Robots that are used for personal tasks can educate, assist, or entertain at home. They largely perform/assist in daily chores, extend home security, and also serve as companions or pets for entertainment.

The industry will witness a blend of leading industrial robotics manufacturers who will benefit from technology gains in the new high growth sectors, as well as cutting edge service robotics companies that combine the latest robotics technology with practical uses primarily at home and in the defense, service, and medical industries.

The service robotics technology will play a very important role in the life of elderly and disabled persons. It will help and assist them to undertake day to day activities that normal people can do. Due to this, the service robotics technology is projected to find a very wide application in the medical and healthcare device segment.

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