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Research Report on Service Robotics Market

A market research report titled “Personal & Professional Service Robotics Market – Global Forecast & Assessment by Applications & Geography (2012 – 2017)” has been recently published by MarketsandMarkets.

According to the report, the overall service robotics market will reach $46.18 B by 2017, growing at a CAGR of 17.4% from 2012 to 2017.

During 1900s, the service robotics market gradually evolved. However, with increase in aged population, it has increased significantly over the last 20 years. The devices now being commercialized are simple and convenient than the previous ones.

Service robotics serves to be a broad technology area having subset of a range of enabling technologies. The commercialization of service robotics is being driven by its domestic, healthcare and military applications. Mobile robots and unmanned systems include several subsystems. The technologies underlying such systems entail advancements and upgrades. Service robots involve all the methods of service, processing, and assistance with robots and have a wide potential market value.

Service robots are divided into personal service robots and professional service robots.

  • Personal service robots are effective for household jobs, entertainment, and to aid elderly, and mentally and physically challenged individuals. “Roomba” (vacuum cleaners), ASIMA, a Humanoid from Honda, and “Aibo”, the Sony robot dog are some of the domestic service robots.
  • Professional service robots are advanced solutions used in dangerous and hazardous environments, public buildings, factories, hospitals, oceans, and more. These robots include medical robots, underwater remotely operated vehicles, bomb disposal robots, and cow milking robots.

Innovative industrial robotics manufacturers and advanced service robotics companies form a part of the service robotics market.

Factors like increasing grants and funds by governments, ageing population, value enhancement by robots, and technological advances drive the service robotic market.

Source: http://www.marketsandmarkets.com/

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