Feb 28 2011
MarketsandMarkets has investigated the international service robotics segment and has released a new research report, ‘Global Service Robotics Market’.
The report has mentioned that the worth of the global service robot segment will be around US$21 billion by 2014, of which 24% will be contributed by the Asian service robotics market. Between 2009 and 2014, the CAGR of the international service robots market will be 16%.
The increase in the elderly population has resulted in the development of personal service robots. Sophisticated and energy efficient robots are in high demand in the market. Domestic robotics serves as a major segment in the market of personal service robotics. By 2014, the revenue of the domestic robotics segment will be around US$2 billion and the CAGR will be 17.5%. The increased market range of these robots is as a result of the high requirement of robots for helping people in household chores and also for companionship.
In 2014, the entertainment robots segment is expected to reach $1.96 billion. In the professional service robotics market, security and monitoring robotics markets are the largest segments. Still, field robot segment is likely to overtake the security and surveillance segments by 2014.
Source: http://marketpublishers.com