Service Robotics

Transparency Market Research
Service Robotics Market
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The Report pegs the Global Service Robotics Market at close to US$5.6 bn in 2014. The market is expected to reach
US$22.5 bn by 2021. If the figures hold true, the market will exhibit a robust CAGR of 18.80% between 2015 and
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As the demand for automation rises from every sector of an economy, companies invest more on research and
development of the latest technologies and equipment aimed at reducing the burden on human labor. A trend
similar to this is observed in the defense and military sectors globally, which the report evaluates and examines in
detail. Demand for service robotics, particularly from the defense industry, is expected to rise as tensions pertaining
to bilateral relations between several neighboring countries escalate. Unmanned aerial vehicles and ground vehicles
are the most popular service robots deployed by the defense sector. The use of these robots is likely to reduce the
number of casualties and deaths during war.
Apart from increasing demand from the defense sector, rapid industrialization is also aiding growth of the global
service robotics market. Service robots are faster and more efficient than humans at almost any task. Thus, they
help improve efficiency and reduce work time particularly, in the manufacturing sector. Service robots are used
across industries to carry out different functions such as packaging, welding, painting, and lifting heavy objects.
For the purpose of the study, the report segments the global service robotics market into personal and professional
service robots based on product type. Of these, professional service robots led the market in 2014. Rapid
industrialization and increasing demand for automation have been fuelling the demand for professional service
robots worldwide.Based on application, the market is segmented into agriculture, defense, logistics, healthcare,
infrastructure, aerospace, research and development, entertainment, and others. Of these, the defense sector
accounted for the majority of demand. The defense segment accounted for 17.8% of the market, trailed by the
healthcare segment, which held 14.1% of the market in 2014.
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Regionally, the global service robotics market is segmented into Asia Pacific, Europe, North America, and Rest of the
World. Of these, North America held the largest share of market in 2014, followed by Asia Pacific, Europe, and Rest of
the World.
Global Service Robotics Market, by Product
> Professional service robots
> Personal service robots
Global Service Robotics Market, by Application:
> Defense
> Agriculture
> Health care
> Logistics
> Aerospace
> Infrastructure
> Entertainment
> Research and development
> Others
Global Service Robotics Market, by Geography:
> North America
> Europe
> Asia Pacific
> RoW
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Service robots are the fully autonomous systems that have the ability to carry out the services without or with human assistance. They are used in different sectors assisting human in performing duties that are not possible for humans to perform. Increase in investment in research and development, rapid industrialization and increase in demand for service robots in defense and security are the major drivers which are driving the service robotics market.