Defense Sector to Lead Global Service Robotics Market through 2022
Surging deployment of service
robotics in healthcare and defense sectors, increasing adoption of Unmanned
Ground Vehicles and rising investments in development of autonomous and mobile
service robotics to drive the global service robotics market through 2022
According
to TechSci Research report, “Global
Service Robotics Market By Operating Environment, By Application, By End
User, By Region, Competition Forecast & Opportunities, 2012 – 2022’’,
the global service robotics market is forecast to grow
at a CAGR of more than 20% during 2017 - 2022. Growth in the market can be
attributed to increasing adoption of service robotics in defense sector for mitigating
human risk factor, transporting equipment, performing surveillance, etc. Demand
for Unmanned Aerial Vehicles (UAVs) and Unmanned Ground Vehicles (UGVs) from defense
sector for performing operations including reconnaissance, explosive ordnance
disposal (EOD) and demining is growing at a robust pace across the globe, which
has been positively impacting the global service robotics market.
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Some of the other factors fueling
growth in the global service robotics market are rising integration of service
robotics in medical facilities for aiding surgeries, diagnosis and therapies, as
well as increasing acceptance of exoskeletons, robotics pharmacy and cleaning
robots. Europe accounted for the largest revenue share in the
global service robotics market in 2016, the region is expected to maintain its
market dominance during the forecast period as well, owing to European Union’s SPARC
robotics partnership, growing investment in European Union’s research &
innovation program Horizon 2020 and surging investments in defense robotics in
the region.
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“Growing
popularity of humanoids, such as Pepper and REEM for performing professional
and personal operations, and rising demand for personal robotics, including
cleaning robots, educational robotics and companion robots is anticipated to positively
influence the global service robotics market in the coming years. Moreover, rising
investments in service robotics by companies including Hitachi, Samsung and Honda
are anticipated to significantly boost demand for service robotics across the
globe in the coming years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Service
Robotics Market By Operating Environment, By Application, By End User, By
Region, Competition Forecast & Opportunities, 2012 – 2022” has
analyzed the potential of service robotics market across the globe, and
provides statistics and information on market size, shares and trends. The
report will suffice in providing the intending clients with cutting-edge market
intelligence and help them in taking sound investment decisions. Besides, the
report also identifies and analyzes emerging trends along with essential
drivers and key challenges faced by the industry.
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