Research explores, the growth of service robotics market will reach $24.10 Billion

According to the report, global service robotics market was valued at around USD 9.01 billion in 2016 and is expected to reach approximately USD 24.10 billion in 2022, growing at a CAGR of slightly above 17.8% between 2017 and 2022.

A service robot is a robot that performs useful tasks for humans or equipment without industrial automation function. Service robots help humans by performing a job that is dull, distant, and repetitive, including household everyday jobs. There is two major type of service robotics such as professional service robots and personal service robots. Personal service robots are used for a non-commercial job, for example, domestic servant robot, pet exercising robot, personal mobility assists robot and automated wheelchair. A professional service robot is used for a commercial task and operated by a well-trained operator for example surgery robot in hospitals, cleaning robot for public places, fire-fighting robot, and delivery robot in offices or hospitals.


High adoption of service robotics in personal and professional applications is a major factor in driving the growth of this market. Also, high demand in defense sector of service robotics is also fueling the market growth. However, the high price associated with the development of service robots is expected to hamper the market growth in the near future. Moreover, strong demand from healthcare and defense sectors across the globe is expected to open new growth opportunities for service robotics in upcoming years.

According to the report, global service robotics market was valued at around USD 9.01 billion in 2016 and is expected to reach approximately USD 24.10 billion in 2022, growing at a CAGR of slightly above 17.8% between 2017 and 2022.

On the basis of the type, the service robotics market is divided into professional service robotics and personal robotics service. The professional service robotics accounted the highest share in 2016 due to the accomplishment of various tasks with or without the direct intervention of humans and expected to record highest CAGR over The forecast period. By application, service robotics market demand is mainly propelled by healthcare and defense sector.
North America held highest market share due to a quick rise in the product development capacities and industrialization. Furthermore, the rapidly growing automotive industry in North America is also expected to drive the demand for the overall industry. Due to emerging economies such as India, Japan, and China, Asia Pacific is estimated to show the fastest growth for service robotics market.

You can find the detail data and more in our Free Service Robotics Market sample report: https://www.zionmarketresearch.com/sample/service-robotics-market

The key participants in service robotics pace are Touch bionics Ltd, iRobot Corporation, Samsung Techwin Co. Ltd., AB Electrolux, Robert Bosch GmbH, Mako Surgical Corporation, Panasonic Corporation Intuitive surgical Inc., Honda Motors Co. Ltd., Dyson Ltd. and others.

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The ST Robotics Workspace Sentry robot and area safety system are based on a small module that sends an infrared beam across the workspace. If the user puts his hand (or any other object) in the workspace, the robot stops using programmable emergency deceleration. Each module has three beams at different angles and the distance a beam reaches is adjustable. Two or more modules can be daisy chained to watch a wider area. "A robot that is tuned to stop on impact may not be safe. Robots where the trip torque can be set at low thresholds are too slow for any practical industrial application. The best system is where the work area has proximity detectors so the robot stops before impact and that is the approach ST Robotics has taken," states President and CEO of ST Robotics David Sands.