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A new report projects that the world service robotics market would reach $34,672.8 million by 2022. Professional service robots segment, which includes robots used in healthcare; defense, rescue and security; field; logistics; and construction industries, is expected to dominate this market throughout 2015 to 2022. Europe would continue to lead the world service robotics market throughout the forecast period.
The report was published by Allied Market Research, was titled “Service Robotics Market by Type and Application – Global Opportunity Analysis and Industry Forecast, 2014 – 2022”,
The segment of professional service robotics accounted for the highest revenue in 2015. This segment is projected to register a CAGR 22.1% during the forecast period, owing to high demand of automation from these sectors.
In 2014, defense, rescue and security sector.came second after healthcare as major industry vertical, in terms of revenue generation. In terms of volume, defense, rescue, & security robots accounted for the highest share in 2014 owing to the increased employment of unmanned aerial and ground vehicles, firefighting & disaster management robots, professional surveillance robots, and demining robots.
The Increasing need for safety along with government regulations for labor protection drives organizations to adopt service robotics for enhanced safety at workplace. The growing penetration of mobile devices facilitates the development of advanced robotic systems and boosts the growth of market.