Service Robotics Market is expected to grow at a CAGR of 21.5% reach $19.41 Billion by 2020 Major players in the service robotics market include: Intuitive Surgical Inc. (U.S.), iRobot Corporation (U.S.), Honda Motors Co. Ltd. (Japan), Google Inc. (U.S.), and MAKO Surgical Corporation (U.S.). The report includes the segmentation of the geography market for service robotics into four major regions: The Americas, Europe, Japan, Asia-Pacific, and Rest of the World. The Americas covers countries such as United States, Canada, Mexico, Brazil, and others. The report talks about the Porter’s five force analysis of the service robotics market as well as the industry analysis along with the value chain and supply chain analysis. It includes the most recent happenings in the market under the ‘winning imperatives’ and ‘burning issues’ section and also describes the driving and restraining factors for the service robotics industry. Scope of the report this research report categorizes the service robotics market, based on various applications and geography; it also covers the forecast revenue from 2013 to 2020. Know more About Market Research for Service Robotics Market (Professional and Personal) http://www.marketsandmarkets.com/Market-Reports/service-robotics-market681.html The service robotics market has been emerging while competing with the industrial robotics industry. It serves various business segments in terms of operational excellence. The demand for robotics arms and moving support systems has increased considerably in the medical and healthcare industries, giving new hopes to the physically disabled persons. Due to unique properties such as high-tech programming, data storage, and precise control, the service robotics market is seen to experience a significant growth in the coming years. The service robotics market comprises a wide range robots used for various applications such as medical and healthcare, aerospace and defense, and security and surveillance. Service robots are unique in technology and they gradually penetrate into the market with a high CAGR. Service robotics has been a blend of a rich world of science, technology, and applications. Therefore, the demand for service robotics is increasing prominently, thereby giving an exponential growth to the overall robotics industry. This report covers the” Global Service Robotics
Market� and all its market aspects with future opportunities, drivers, restraints, and others in detail. Along with market dynamics, the report also gives an insight to the various market parameters such as market share analysis, value chain analysis, and the recent market activities of leading players. Market activities also include mergers and acquisition, new product developments, collaboration, joint ventures, and partnerships by the players in the market. Geographically, the market is majorly covered by the Americas, Japan, APAC, and Europe. The American market accounts for the major share of the overall market and is followed by the APAC market, including Japan, which is then followed by Europe. RoW covers a small market share at present; however, it is expected to show growth in the next five to seven years due to the developing economy, increasing households, and the growing medical and healthcare industry. Inquiry of Reports @ http://www.marketsandmarkets.com/speaktoanalyst.asp?id=681 The key drivers of the service robotics ecosystem are: the rising importance of robots in defense and rescue operations, increasing applications in the healthcare industry, among others. The service robotics market, in spite of its prominent demand, still has some restraints in its market growth. The key market restraints can be classified as: lack of advanced cognitive competencies, performance in untested environment, and lack of high level interfacing. The very high cost of development would be a burning issue for the service robotics market, while the growing demand from the developing countries and new application areas would be the opportunities for the market. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. Contact: Mr. Rohan North - Dominion Plaza, 17304 Preston Road, Suite 800, Dallas, TX 75252 Tel: +1-888-600-6441 Email: sales@marketsandmarkets.com