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Global Service Robotics Market Likely to Receive Growing Demand from Defense, Medical Sectors

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Published on : Oct 20, 2016

ALBANY, NY, Oct 20, 2016: The report studies the global service robotics market and covers the market’s historical and projected growth from 2010 to 2020. The report provides a thorough look at the various applications of service robots and presents reliable forecasts regarding the market’s development in the coming years. The report is titled ‘Global Service Robotics Market & Volume (Defense, Agriculture (Field), Logistic, Medical, Construction, Mobile Platform, Inspection, Underwater, Rescue and Security & All others) Forecast’ and is available for sale on the official website of ResearchMoz.us.

Service robots are robotic systems used to perform tasks that may be too dangerous, dirty, or dull for human workers. Service robots are distinct from automated manufacturing robotic systems primarily in their application. While this makes their definitions more complicated, service robots are usually defined as robots that fully or partially autonomously provide a useful service to humans. Personal as well as industrial use of service robots has exhibited a rapid rise in the last few years and is likely to expand further in the coming years. According to the report, the global service robotics market is expected to be valued at more than US$7 bn by the end of 2020. 

By application, the global service robotics market is segmented into defense, medical, agriculture, construction, logistics, inspection, rescue and security, mobile platforms, underwater, and others. Of these, the defense and medical sectors are likely to remain the key revenue generators for the global service robotics market in the coming years.

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The demand for service robots from the defense sector is driven mainly by the rising government support to military modernization. As machines are becoming increasingly important in modern warfare, service robotics is becoming a vital field in modern military dynamics and is likely to be the focus of considerable research in the coming years. 

The use of service robots in the healthcare sector is due to the precision they offer in complicated and possibly dangerous procedures. The development of robotic surgical systems has helped make delicate operations much easier than they traditionally have been. Due to the rising living standards across the world, the use of service robotics in the healthcare sector is likely to increase steadily in the coming years.

On the other hand, the high costs of service robots are a key restraint on the global market. The pricing structure of the service robotics industry hasn’t been a barrier to widespread adoption in the usually nationalized defense and medical sectors, but small private players have found it harder to incorporate service robots in their operations. 

The report also assesses the competitive landscape of the global service robotics industry in order to shed light on the key competitive factors likely to affect the growth of the overall market in the coming years. Leading service robot producers profiled in the report include KUKA AG, iRobot, Adept Technology, and Intuitive Surgical. The sales figures of these companies are provided in the report, along with a comprehensive overview of their SWOTs. 

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