Service Robotics Market size forecast to grow at over 17.8% CAGR Service Robotics Market size forecast to grow at | Page 2

was a demand for service robotics in military applications owing to use of unmanned
aerial vehicles by armed personnel.
Regional Overview
Service robotics industry is segmented into major geographical regions that include
North America, APAC, MEA, Europe and Latin America.
North America contributed more than $2.41 billion to overall industry share for 2014
and predicted to touch $8.61 billion mark by end of 2022 at CAGR of more than 17%
during forecast timeframe. Growing applications in underwater systems, military
sector, logistics, construction, medicine and mobile platforms are predicted to
enhance the product demand.
European industry is anticipated to contribute about $6.56 billion by end of 2022 and
make expected gains of more than 16.51% during forecast period.
APAC service robotics market was evaluated at more than $901 million for 2014 and
is predicted to touch $4.1 billion mark by end of forecast timeline. Key growth drivers
for the region include household and military applications.
MEA service robotics industry is predicted to record CAGR of more than 22% during
forecast timeframe.
Competitive Overview
Key industry players profiled in report include iRobot Corporation, AB Electrolux,
Samsung Electronics, Gecko Systems, Honda Motor Company Limited, Fujitsu
Frontech Limited, Hanool Robotics Corporation, LG Electronics, Sony Corporation,
Yujin Robot Company Limited and Toyota Motor Corporation.

Browse key industry insights spread across 90 pages with 60 market data tables & 41
figures & charts from the report, “Service Robotics Market Size By Application
(Personal, Professional) Industry Outlook Report, Regional Analysis, Application
Potential, Price Trends, Competitive Market Share & Forecast, 2015 - 2022” in detail
along with the table of contents:
https://www.gminsights.com/industry-analysis/service-robotics-market-size

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