Service Robotics Market worth $19.41 Billion by 2020, According to a New Study on ASDReports

Thursday 18 September 2014, Amsterdam

The report, now available on ASDReports, “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.

The service robotics market comprises a wide range robots used for various applications such as medical and healthcare, aerospace and defense, and security and surveillance. Service robots are unique in technology and they gradually penetrate into the market with a high CAGR. Service robotics has been a blend of a rich world of science, technology, and applications. Therefore, the demand for service robotics is increasing prominently, thereby giving an exponential growth to the overall robotics industry. This report covers the” Global Service Robotics Market” and all its market aspects with future opportunities, drivers, restraints, and others in detail. Along with market dynamics, the report also gives an insight to the various market parameters such as market share analysis, value chain analysis, and the recent market activities of leading players. Market activities also include mergers and acquisition, new product developments, collaboration, joint ventures, and partnerships by the players in the market.

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.

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.).