New Report Service Robotics Market (2012 - 2017) by MarketsandMarkets

[208 Pages Report] Service robotics market research report categorizes the global market on the basis of them being used in various applications, and geographical analysis; forecasting revenue, and analyzing trends.

September 13, 2012

According to the market research report "Personal & Professional Service Robotics Market - Global Forecast & Assessment by Applications & Geography (2012 - 2017)" published by MarketsandMarkets (, the total service robotics market is expected to reach $46.18 billion by 2017 at a CAGR of 17.4% from 2012 to 2017.

Browse 72 tables spread through 208 pages and in-depth TOC on "Personal & Professional Service Robotics Market - Global Forecast & Assessment by Applications & Geography (2012 - 2017)".
Early buyers will receive 10% customization on reports.

Though the evolution of the service robotics market started in the late 1900s, the market for service robots picked up only two decades ago in response to the growing ageing population across the world. The devices currently being sold are simple and elementary as compared to earlier devices.

Service robotics is a wide technology area that also includes a subset of various enabling technologies. It is also an area of increasing interest, investment, and hype. Within this backdrop, domestic, military, and healthcare are the applications driving service robotics commercialization. Mobile robots and unmanned systems consist of several subsystems. The technologies involved in these systems will require advances if robots are to see an extensive use in personal home and security applications.

The definition of service robots is already dynamic; active in a multitude of industries, emerging in many more sectors, likely to have a serious worldwide economic impact, and encompasses all the methods of processing, service, and assistance with robots.

Service robots are classified into personal service robots and professional service robots. Personal service robots are meant for household jobs, education, entertainment, and for assistance to the elderly and physically and mentally challenged population. Some of the examples of service robots are domestic robots such as the ASIMA, a Humanoid from Honda, "Roomba" (vacuum cleaners) and "Aibo", the Sony robot dog.

Professional service robots are high-tech, sophisticated, highly valuable, and increasingly being used in factories, hospitals, public buildings, dangerous and hazardous environments, oceans, the space, cow barns, and fields. Some of the examples of professional service robots include underwater remotely operated vehicles, cow milking robots, medical robots, and bomb disposal robots.

The service robotics market will witness a blend of leading industrial robotics manufacturers who will benefit from technology gains in the new high growth sectors, as well as cutting edge service robotics companies that combine the latest robotics technology with practical uses primarily in the home and in the defense, service, and medical industries.

The market is driven by factors like ageing population, value enhancement by robots, increasing grants and funds by governments, increasing venture capital investments in service robotics companies, enhancements in complementary technologies and integration of robotics with mobile technologies, other smart products, and appliances.

The leading market players in service robotics industry include Honda Motors (Japan), iRobot (U.S.), AB Electrolux (Sweden), Sony (Japan), Fujitsu (Japan), Toyota (Japan), GeckoSystems (U.S.), Yujin Robot (South Korea), and others.

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.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website

Featured Product

Motion Controls Robotics, Inc. - The Random Robotic Case Erector System

Motion Controls Robotics, Inc. - The Random Robotic Case Erector System

Random Case Erectors are ideal for fulfillment centers and other end-of-line packaging needs. Save money by eliminating changeover downtime. Reduce ergonomic injuries by eliminating repetitive manual tasks. The Random Robotic Case Erector System includes: • FANUC M20iA/20 Robot • Combi gravity case magazine - holds 2 box sizes • Combi bottom flap folder with integrated 3M case sealing head. • Fixed robot base, anchored to the floor • Flexible end of arm tool to pick and erect multiple case sizes to eliminate changeover downtime • System wiring and controls • Color 7.5" touchscreen HMI display for selecting case size • Perimeter guarding with safety interlocks on doors • Programming for Robot, PLC/PMC, HMI and Vision • Complete documentation in electronic format • On-site training and support • Compliance with all applicable robotic safety standards. Alternate safety configuration may be available to allow an operator to changeover a case size in one magazine while the robot continues to work in other magazines. Contact Motion Controls Robotics to learn more about how to implement this system into your current end-of-line operations.