Strong Growth in the Tertiary Sector & Demographic Shifts Drive the Global Service Robotics Market, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Service Robotics markets. Global market for Service Robots is projected to reach US$9.1 billion by 2018, driven by strong growth in the tertiary sector and demographic shifts and ensuing labour shortages.

Service Robotics: A Global Strategic Business Report

Follow us on LinkedIn - Service robotics, after decades of focused R&D, is finally emerging as a commercial technology. Robots at last have begun moving from shop floors to homes, offices, hospitals, museums, and other public places in the form of self-navigating lawn movers, vacuum cleaners, window washers, and surgical operators. Robots are now poised to assist surgeons in operations, intervene in life-critical or dangerous environments for search and rescue operations, operate in field areas such as agriculture, forestry, mining, cleaning, construction, demolition, and freight transport, etc. Over the last few years, there has been an astonishing growth in the use of service robots in professional as well as personal use applications, with future projections indicating even stronger growth. The coming years are expected to witness growth in private use of robots in homes for domestic household applications.

The tertiary sector represents one of the most important of the three economic sectors, especially in the developed markets. For instance, marking the American economy’s transition into the post-industrialization era is the fact that services contribute towards a large chunk of the nation’s gross national product. Against this backdrop, service robots offer the technological platform required to support the growing needs of the domestic services industry. The role played by industrial robotics in driving growth of the economy during the industrialization period will now be replicated by Service Robotics in the new service economy.

With the future of national defence hinging onto robotics, robots are forecast to emerge into a top national priority for countries like the US and Europe both on the commercial security service and defence fronts. Major demographic changes over the next decade, such as, aging and retirement of the current workforce will create large gaps in the workforce, thus helping create widespread opportunities for Professional Use Service Robots. The aging baby boomer population additionally creates a need for assistive care and this opens up immense opportunities in applications ranging from communication, household tasks, personal transport, to rehabilitation. In the coming years, Telepresence robots capable of keeping the elderly in touch with their families, surveillance robots capable of guarding a home, and surgical/medical care robots capable of assisting the disabled, elderly and surgeons, are expected to witness strong demand.

As stated by the new market research report on Service Robotics, Europe represents the largest regional market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 13.4% over the analysis period. Growth in the region is led by burgeoning economies such as India and China, increasing disposable incomes, improving lifestyles, and growing consumer affluence.

Major players in the marketplace include Fujitsu Frontech Limited, Hanool Robotics Corp, Honda Motors Co Ltd, Husqvarna, Iberobotics S.L., Intuitive Surgical Inc., iRobot Corporation, KUKA Aktiengesellschaft, LG Electronics Inc., RedZone Robotics, RoboBuilder Co. Ltd., RoboSoft, Samsung Electronics Co. Ltd., SeaRobotics Corporation, Toyota Motor Corporation, WowWee Group Limited, and Zucchetti Group among others.

The research report titled “Service Robotics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, company profiles, mergers, acquisitions and other strategic industry activity. The report provides market estimates and projections for service robots in value (US$) and volume (Units) for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, Latin America and Rest of World. Product segments analysed include Personal Use Service Robots and Professional Use Service Robots. Personal Use Service Robots are analysed by end-use applications such as Domestic, and Entertainment, among others. Professional Use Service Robots are analysed by Defence, Field, Logistics and Medical applications among others.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Service_Robotics_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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