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Global Service Robotics Market: Rising Demand from Defense Sector to Propel Market Growth

Service Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021
Published 28 October 2015

The increasing investment in R&D activities is presently driving the global service robotics market extensively. The rising demand for service robots from the defense industry around the world has contributed to the growth of this global market.According to a market study, recently published by Transparency Market Research (TMR), the global service robotics market stood at US$5.57 bn in 2014. Aided by the rapid industrialization in the global arena, the market is likely to report a CAGR of 18.80% during the period from 2015 to 2021 and reach a value of US$22.5 bn by the end of 2021.Service robots are employed in various industries for welding, packaging, painting, and lifting heavy objects as they work faster than humans, reducing work time and increasing efficiency.

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Professional Robots and Defense Industry to Retain Leading Positions in Respective Areas

The markets for professional and personal service robots are the two major segments of the global service robotics products market. Among the two, the professional robots market occupied the topmost position with a share of 66.10% in the global market. Analysts projects this market segment to witness further development at a CAGR of 18.60% during the period of 2015-2021 on account of sturdy rise in industrialization and automation across the globe.

Defense, healthcare, agriculture, logistics, infrastructure, aerospace, entertainment, and research and development are the key application areas for service robots. The defense industry emerged as the biggest end user for service robots in 2014 and was closely followed by the healthcare market, where the defense sector accounted for a market share of 17.80% and the healthcare industry held 14.10% share of the overall industry.The demand for service robots from defense industry is likely to maintain its pace at a CAGR of 17.20% between 2015 and 2021, retaining the leadership of this industry.


North America to Maintain Leadership among Regional Markets

North America, Asia Pacific, Europe, and the Rest of the World are the key regional markets for service robotics. Among these, North America led the global service robotics market in 2014.


This regional market is projected to expand at a CAGR of 17.90% during the period from 2015 to 2021 on account of the increasing usage of service robots in the North America defense industry. Though analysts project the service robotics market in North America to maintain its leadership, high cost incurred in the deployment of these service robots is likely to hamper the hindrance-free growth of the market to an extent.


The service robotics market in Asia Pacific is expected to exhibit the fastest growth among all the regional markets over the next few years. The rising demand for service robots from developing economies in Asia Pacific such as India, China, Japan, Australia, and South Korea is expected to drive the service robotics market in this region.


Global Service Robotics Market: Leading Players

Robert Bosch GmbH, Honda Motors Co. Ltd., Dyson Ltd., Intuitive Surgical Inc., Touch Bionics Ltd., Samsung techwin Co. Ltd., AB Electrolux, Panasonic Corp., iRobot Corp., and Mako Surgical Corp. are the major players operating in the global service robot market.


Browse Full Global Service Robotics Market Report With Complete TOC @

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.


TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.



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