Service Robotics Market Growing at CAGR 21.5% from 2014 to 2020 – New Report by MarketsandMarkets

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MarketsandMarkets research report categorizes the service robotics market, based on various applications and geography and also covers the forecast revenue from 2013 to 2020. (http://www.marketsandmarkets.com/Market-Reports/service-robotics-market-681.html)

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Major players in the overall 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 "Service Robotics Market (Professional and Personal), by Application, & by Geography - Analysis Forecast (2014-2020)", defines and segments the service robotics market into various sub-segments with an in-depth analysis and forecasting of revenues. It also identifies the drivers and restraints for this market with the insights on trends, opportunities, and challenges.

Browse 70 market data tables and 73 figures spread through 220 pages and in-depth TOC on "Service Robotics Market".
http://www.marketsandmarkets.com/Market-Reports/service-robotics-market-681.html

Early buyers will receive 10% customization on reports.

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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 section explains the current and upcoming service robotics market on the basis of the application vertical, that is and will be retaining a high growth rate for the overall industry. Medical application is expected to face an increasing demand with regards to the service robotics industry in the upcoming years.

The use of service robots in the medical sector has been growing since the mid-90s. There has been an exceptional progress in the innovation and research as well as the market for new products and services. At present, the industry faces an overwhelming response and success in the medical sector as it has a great potential to revolutionize clinical practices. The use of service robots is now focused toward diagnosis, therapy, as well as patient care. Many of the market leaders are now developing their service robotics’ product portfolio in order to facilitate medical processes. This is being done by precisely guiding instruments, diagnostic equipment and tools for diagnosis and therapy, enhancing safety, and improving quality of the medical surgery.

The service robotics market is expected to grow at a CAGR of 21.5% from 2014 to 2020, and reach $19.41 Billion by 2020.

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.

The geographic split for the Service Robotics Market is included in the report. The overall market is divided into five major geographic segments- The Americas, Europe, Japan, Asia-Pacific, and Rest of the World.

Major players in the overall 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.).

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