Market Analysis Report Service Robotics Market | Page 2

Your Catalyst to a Lucrative Business Professional service robots perform repetitive/hazardous tasks in industries. Their applications encompass field, defense, logistics, underwater, medical, construction & demolition, mobile platform, and others. Field robots are used in forestry, milking, agriculture, and milling & mining. They held over 25% of the market revenues in 2014. Underwater applications comprise remotely operated vehicle, unmanned surface vehicles, and autonomous underwater vehicles. Geographical markets for service robotics constitute Europe, North America, Latin America, Asia Pacific, and MEA (the Middle East & Africa). North America is likely to grow at a considerable pace over the forecast period. This may be credited to rising demand from defense, agriculture, medical, and other applications. Product development and rapid industrialization are the chief propellers of regional demand. Asia Pacific is anticipated to be the second largest geographical segment till 2024 on account of expanding venture capital investments and a booming manufacturing sector in emergent economies like India and China. Europe would witness lucrative growth opportunities owing to the growing automotive industry. The worldwide service robotics market is fragmented with various large and small manufacturers. iRobot is the global leader. Other prominent players are Fujitsu Frontech Ltd., Hanool Robotics Corp., Toyota Motor Corporation, Honda Motor Co. Ltd., and Yujin Robot Co. Ltd. They emphasize on developmen t of new products to expand their market share. Browse Related Category Market Reports @ https://www.hexaresearch.com/research- category/semiconductors-industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: [phone] Email: [email protected] Website - https://www.hexaresearch.com Follow Us: