Global Service Robotics Market to Exceed USD 7 Bn by Late 2020, Says Renub Research in Its Comprehensive Research Study Available at MarketPublishers.14 Sep 2016 • by Natalie Aster
LONDON – The world’s service robotics market is predicted to exceed the value of USD 7 billion by the end of the year 2020. The defense and medical robotics sectors are anticipated to hold a share of over 60% of the overall market.
The implementation of service robotics systems in a wide range of different professional applications worldwide will likely bring remarkable changes to the service robotics market. Nowadays, modern service robotics services systems (semi- or fully-automatically operated) could perform various complex and dangerous tasks and also provide increased safety and optimum efficiency.
At present, professional service robots find application across manifold industries including defense and security, healthcare, logistics, agriculture and construction, amid others.
Service robotics adoption follows an upward trend, spurred by high labor costs, strong government support and also increase in operational efficiency.
The research publication “Global Service Robotics Market & Volume (Defense, Agriculture (Field), Logistic, Medical, Construction, Mobile Platform, Inspection, Underwater, Rescue and Security & All others) Forecast” prepared by Renub Research uncovers reliable data on the world’s service robotics market, covers the top development trends, discusses burning issues, examines the major growth influencing factors and also points out lucrative growth segments and key opportunities and challenges. It contains a detailed market assessment by application industry, discloses details on the leading market participants and presents detailed projections for the world’s service robotics market through 2020.
Companies mentioned in the report: KUKA AG, Adept Technology, iRobot and Intuitive Surgical.
A full list of topical research studies prepared by this publisher is available at the Renub Research page.