Global Service Robotics Market and Volume Forecast

The global service robotics market is expected to surpass US$ 7 Billion by the end of 2020. Defense and Medical robotics together expected to control more than 60 percent market share. The global implementation of service robotics systems in multiple professional application areas will transform the service robotics market. They operate semi– or fully automatically and are capable of performing complex & dangerous tasks, and providing optimum efficiency and increased safety. Professional service robots are used in various industries such as Healthcare, Defense and Security, Agriculture, Logistics and Construction. Service robotics has witnessed a growth in its adoption owing to high labor cost, increase operation efficiency, and strong government support.

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