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Global Service Robotics Market: High Demand from Warehouses and Healthcare Sectors to Boost Market

Press Release   •   Aug 09, 2017 07:00 EDT

A new report on the service robotics market has been published by The report is titled “Global Service Robotics Market: Size, Trends & Forecasts (2017-2021).” The report is a comprehensive and thorough reports of this market and estimates its future size on the basis of present and past market size. It takes into account all the factors that has a strong impact on the growth of the market as well as considers the macroeconomic factors which can influence the market. The growth opportunities in the future as well as the current trends impacting the market are discussed in detail.

According to the report, the growing use of robots in warehouses and medical and healthcare sectors is boosting the market for service robotics. The service robotics market is also driven by their demand from research and educational institutes. The short to medium term payback is another factor contributing to the growth of this market.

The defense and military sectors are increasingly demanding service robots. There is a demand for autonomous navigation and the ability to carry out complex assistance tasks. On the other hand, the demand for service robotics is restrained by the high cost of these products as well as the high investments required for the research and development of robotics. The lack of high level interfacing will also hinder the growth of the global service robotics market. The design and development of service robotics for generic applications are usually done as per standard conditions, and this may make these robots unsuitable for extreme conditions and in the presence of too many obstacles. Another challenge is the high level of programming needed for cognitive features or abilities in robots, which is possible only by domain-specific programmers.
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However, the introduction of technological advancements so as to improve the stability and precision, and enhance the dexterity of servicing robotics will create a heightened demand for these robots. The incorporation of 3D ultrasound to facilitate easier and effective procedure planning will also boost the service robotics market. The incorporation of MRI so as to enable real-time imaging will also fuel the growth of this market.
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On the basis of geography, the global service robotics market is segmented on the basis of North America, Europe, Asia Pacific, and the Rest of the World. Of these, Europe is expected to be a key regional market. The demand from defense and rescue and security sectors is some of the factors driving the market in Europe. In addition to this, service robotics is in high demand from the domestic sector where they are used in vacuum cleaners. Increased demand from maintenance and inspection, telepresence, and logistics sectors will significantly drive the market for service robotics in the European region.