Service Robotics Market Analysis, Size, Share, Growth To 2020 by Grand View Research, Inc.

Service Robotics Market Analysis, Size, Share, Growth To 2020 by Grand View Research, Inc.

Grand View has announced the addition of "Service Robotics Market Analysis and Segment Forecasts To 2020" Market Research report to their Database.

The global service robotics market is expected to reach USD 15.69 billion by 2020, according to a new study by Grand View Research, Inc. Government initiatives and investments supporting development of service robotics in countries such as Japan and U.S. is expected to favorably impact market growth. Extensive use in defense and military applications, coupled with a projected steady demand from these domains is expected to drive the service robotics market over the forecast period.

Capability of service robots to offer sustainable medical provision without affecting quality of care has made healthcare a lucrative field for service robotics. Reluctance of substituting manual labor with service robots in traditional field operations is expected to pose a challenge to market growth.

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Further key findings from the study suggest:

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For the purpose of this study, Grand View Research has segmented the global service robotics market on the basis of application and region:

Service Robotics Application Outlook (Volume, Thousand Units & Revenue, USD Million; 2012 – 2020)
• Professional Robots
• Defense
• Field
• Medical
• Logistics
• Mobile Platforms
• Underwater Systems
• Construction & Demolition
• Others
• Personal Robots
• Entertainment
• Household
Service Robotics Regional Outlook (Volume, Thousand Units & RevenuePsychology Articles, USD Million; 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW

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