Market Research Future Service Robotics Market 2019

Service Robotics Market Research Report- Forecast 2022 Market Research Future published a research report on “Service Robotics Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022. Market Scenario: Service robot can be defined as a robot that performs useful tasks for humans or equipment excluding industrial automation application. Service robotics is differentiated into two parts as personal/domestic service robots and professional service robots. Service robots that are used for performing daily tasks, non-commercial use, and others are the personal/domestic service robots. Whereas service robots that perform commercial tasks and are operated by trained operators are the professional service robots. The study indicates that technological advancements, innovation and high demands for automation are the major driving factors for the service robotics market. The study indicates that many organizations face challenges of finding skilled workforce, high labor costs, maintaining quality of service, and others, to overcome these challenges service robotic is growing significantly in the market. Moreover high investments in R&D, growing awareness and human safety concerns are driving the service robotics market. Get Sample of Report @ t/2437 Apart from it, developments in computer aided systems, internet of things (IoT), engineering technologies are the factors driving service robotics. The decreasing human labor has led to a threat in service robotics. Lack of awareness and scarcity of investment for many companies could be the major restraints for service robotics. The Service Robotics Market is expected to grow at USD ~20 Billion by 2022, at ~15% of CAGR between 2016 and 2022.