Transparency Market Research Service Robotics Market Single User License: USD 4315.5  Flat 10% Discount!!  Free Customization as per your requirement  You will get Custom Report at Syndicated Report price  Report will be delivered with in 15-20 working days Request Sample Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Download Brochure REPORT DESCRIPTION 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 2021. Full Report Description of Service Robotics Market is available at: http://www.transparencymarketresearch.com/service-robotics-market.html 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. Request the Sample Research Report at: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2176 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 Download the Brochure of this Market Report at: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=2176 About TMR Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of 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. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact TMR Mr.Sudip S 90 State Street, Suite 700 Albany, NY 12207 Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/

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.