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  • Global Service Robotics Systems Market Size, Status and Forecast 2025

    (I-SoftwareNews.Com, March 09, 2018 ) The Global Service Robotics Market is poised to grow at a CAGR of around 16.3% over the next decade to reach approximately $36.7 billion by 2025
    Some of the prominent trends that the market is witnessing include growing acceptance of smartphones, increasing emerging economies and recent technological developments in service robotics.

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    Service robots are the robots designed to assist humans and perform useful tasks, excluding industrial and manufacturing automation applications. They operate semi- or fully automatically and are capable of performing tedious & dangerous tasks, and providing enhanced efficiency and increased safety.

    The report provides a detailed analysis of the segments of global service robotics market along with their revenue and volume. The professional service robots account for a higher revenue share as compared to personal service robots owing to their increasing adoption in healthcare, defense, and field industries. Vendors in the market offer a wide range of service robots for assistance in various applications.

    The global service robotics market is segmented on the basis of type, application, and geography. Based on the type of service robots, the market is segmented into professional service robots and personal service robots. The application segment is categorized into healthcare, defense, domestic, construction, logistics, field, and entertainment & leisure.

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