Global Service Robotics Market to Amount to USD 13 Bn through 2021, Says iGATE Research in Its New Report Recently Published at MarketPublishers.com08 Dec 2016 • by Natalie Aster
LONDON – With such a broad variety of benefits like reliability, reduced operational costs as well as human errors, enhanced usability, delivery of accurate and top-quality services, the acceptance of service robots is expected to keep on gaining traction across a wide range of industries, including healthcare, defense, entertainment, leisure, construction, security, rescue, logistics, agriculture, etc.
By the year 2021, the global market for service robotics is likely to outstrip USD 13 billion, driven by increasing adoption of service robots across various industry verticals owing to lack of skilled workforce, high labor cost, rising R&D investments, enhancing awareness and strong demand for automation in both personal and professional sectors. Meanwhile, the factors such as concerns about human safety and high initial investment put a significant pressure on the market development, hampering its further growth.
The world’s professional robotics sector is predicted to reach the value of USD 8 billion by 2021, while the personal and domestic service robotics sector is predicted to climb to approximately USD 5 billion.
In-demand research report “Service Robotics Market and Volume by Type, by Application and Key Players Analysis - Global Forecast to 2021” prepared by iGATE Research offers an all-encompassing analysis of the fast-evolving and high-growth global service robotics market. The report examines the current situation in the market, highlights the market dynamics, reviews the top market growth driving and challenging factors, includes a granular market segmentation analysis, highlights the recent major deals in the market. Moreover, this report investigates the market competitive landscape and gives data on the leading market participants such as KUKA AG, Adept Technology, iRobot Corporation, Intuitive Surgical, Nachi-Fujikoshi, Yaskawa Electric Corporation. Additionally, it includes SWOT analysis and a short-term future outlook with an overview of the top growth opportunities and prospects.
Many other comprehensive research reports by this publisher are available at the iGATE Research page.