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(Wireless-NewsWire.Com, March 01, 2017 ) According to Publisher, the Global Service Robotics market is expected to grow from $7.5 billion in 2015 to reach $28.24 billion by 2022 with a CAGR of 20.9%. Increasing smart technologies, growing applications of healthcare, rapid industrialization, increasing investments in R&D, and rising usage of service robots in defence and security are the key factors driving the market growth. The future market for the service robots lies in personal robots used in household applications. Lack of sophisticated cognitive competencies and high cost are the factors hindering the market growth.
Professional Service Robots segment leads the market globally with the biggest market share and is expected to grow with a high CAGR during the forecast period due to augmented investments in R&D, increasing awareness regarding the benefits of service robots, and improved demand for automation among professional sectors. Asia Pacific is anticipated to hold the largest share in global market due to growing R&D investments for new robotics technology, mainly for use in defence, rescue and security and medical applications.
For more information at http://www.reportsweb.com/service-robotics-global-market-outlook-2016-2022 .
Some of the key players in global Service Robotics market include Kongsberg Maritime AS, Samsung Electronics, Sony Corporation, AB Electrolux, Toyota Motor Corporation, Amazon.Com, Inc., Apple Inc., Bluefin Robotics, Fuji Soft Inc., Geckosystems Intl. Corp., Google Inc., Honda Motor Co., Ltd., LG Electronics, Microsoft, Inc, Northrop Grumman Corporation, and IRobot Corporation
Applications Covered:
- Personal Service Robots
o Educational robots
o Leisure robots
o Personal assistance robots
o Research and Hobbyists
o Security
o Entertainment
o Domestic
o Toy robots
o Other Personal Service Robots Applications
- Professional Service Robots
o Defense, Rescue, & Security
o Agriculture and forestry
o Aerospace
o Infrastructure
o Medical
o Underwater
o Other Professional Service Robots Applications
Request Sample Copy: http://www.reportsweb.com/inquiry&RW0001583507/sample .
Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
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ReportsWeb.com
Priya Sisodia
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com 
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