Service Robotics Market in World

  April 19, 2017    |      Semiconductor and Electronics    |       1015


New York City, NY, April 19, 2017/24 Market Reports: In Robotics, mobility is a new frontier. Fixed (industrial) robots have already found their major application areas in manufacturing and other traditional sectors. However, service robots have a very potential market in several new applications such as defense and security, logistics, healthcare, education, agriculture and forestry, space, entertainment, domestic tasks, personal and elderly assistance, home security, construction and demolition, underwater, inspection and maintenance, and several others.

The ability of service robots is to perform a broad range of promising tasks for a potential market, especially for specialized applications to assist humans in performing several tasks. These are also finding its applications in several other sectors such as self-driven cars, commercial application of drones in courier/cargo delivery, automated mining vehicles, and others. Although service robots are finding increasing demand from several applications, they are also facing challenges in terms of availability of safe robots at affordable prices.

Although evolution of the service robotics market started in the late 1900s, the market for service robots upsurged after the 1970s in response to the growing elderly population in developed countries, rising importance in defense and research applications. The service robotics market has been emerging along with the industrial robotics industry. The demand for robotics arms, moving support systems, and so on has increased considerably in medical and healthcare industries with an aim to make life easy for the physically disabled.

Professional service robots are expected to account for a major share of the service robotics market in 2016, and it is expected to witness the highest growth during the forecast period. The increase in market is expected to be driven by the increasing demand for logistics robots in manufacturing and non-manufacturing sectors, telepresence robots, and inspection and maintenance robots.

Service robots can be classified into personal service robots and professional service robots. Personal service robots are meant for household jobs, education, entertainment, and assistance to the elderly as well as people with special needs. Professional service robots are high-tech, sophisticated, and expensive category of service robots which are increasingly getting deployed in factories, hospitals, public buildings, and dangerous and hazardous environments.

The available market of service robotics has ever been evolving with continuous advancements in artificial intelligence, machine learning, 3D sensors, Internet of Things (IoT), and flourishing demand for smart devices. The service robotics manufacturing companies are focusing on combining the latest robotics technology with everyday practical use-case scenarios in domestic, medical and healthcare, and defense and security sectors. The pragmatic shift in the robotics industry from industrial robots to human-assisting robots has resulted in the upsurge in the overall service robotics market. These robots are still in their early phase of development and diffusion. Typical service robots are computer-controlled machines with an ability to move or manipulate objects and are capable of performing tasks that are mundane, difficult, and risky for human beings.

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