Service Robotics Market Is Projected To Grow At A CAGR Of More Than 20% To Reach USD 23.9 Billion By 2022 | TechSci Research
Global service robotics market stood at $ 7.9 billion in 2016, and is projected to grow at a CAGR of more than 20% to reach $ 23.9 billion by 2022, owing to surging investments and increasing demand for service robotics from defense, logistics and healthcare sectors. Rising acceptance of humanoids, increasing adoption of personal robotics, and growing demand for telepresence & mobile service robotics are among the key factors expected to fuel the global service robotics market during forecast period. Moreover, growing popularity of socially intelligent service robotics and highly advanced technology enabled service robotics is anticipated to result in generation of huge opportunities for global service robotics companies in the coming years. Years considered for this report: Historical Years: 2012-2015 Base Year: 2016 Estimated Year: 2017 Forecast Period: 2018–2022 Objective of the Study: To define, classify and forecast the global service robo...