Service Robotics Market Size, Market Share, Application Analysis, Regional Outlook, Growth, Trends, Competitive Scenario and Forecasts, 2012 to 2020

Industry Insights

Increasing assisted living and rising combat labor costs are expected to drive market over the forecast period. Smart robots are used to assist the people by making their work simpler and easier. Service robots helps human beings by doing a job that is dull, dirty, dangerous, repetitive and distant. Additionally, they also help in performing household activities. Service robots operates semi autonomously which assists human beings. They are helpful for performing risky and difficult task. Computer controlled service robots perform their daily routine tasks with high accuracy. Service robots include major components such as microcontrollers, sensors, manipulators, actuators and power supply. These service robots are used by surgeons for rescue and search operations, agriculture, cleaning, forestry, mining, freight transportation, construction, demolition and others.

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Technological advancement in wireless sensor technology is expected to fuel the market growth over the forecast period. Increasing government initiatives are likely to boost the market growth over the next five years. Growing wireless equipment demand is expected to provide positive avenues to the global market growth. Additionally, increasing disposable income is further expected to fuel the market demand. Furthermore, mobile technology, smart devices and ageing population expected to provide positive avenues to the service robotics market demand in near future. Increasing service robots in automotive industry is expected to drive the market demand over the next years. Increasing research and developments in robotics industry is anticipated to have positive impact on service robotics market over the foreseeable future. However, network robots, lack of sensors, human safety and unstructured world are projected to pose a challenge to the market growth.

Application Insight...