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Service Robotics Market by Type, Component, Application & Geography Analysis & Forecast to 2020NEW YORK, May 26, 2016 /PRNewswire/ -- The global service robotics market is expected to reach USD 18.02 billion by 2020 at a CAGR of 17.36% between 2015 and 2020. The growth of this market is propelled by the growing demand from medical and healthcare sectors, increasing adoption of robots in agricultural fields, and growth of commercial drones. "Professional service robotics application holds a large share of the service robotics market" "APAC expected to be the fastest-growing market during the forecast period" The market in APAC is expected to grow at a high CAGR between 2015 and 2020. The increase in the urban population and a need for assistance in domestic chores, growing economy, and high adoption rate of new technologies are some of the important factors that have contributed to the growth of the service robotics market in the APC region. Breakdown of profile of primary participants: The modernization of medical infrastructure in developing countries is a big opportunity for companies in the medical robotics industry to expand their market in the APAC region. Major players in this market include Intuitive Surgical (U.S.), DJI (China), iRobot Corporation (U.S.), Google Inc. (U.S.), KUKA AG (Germany), Honda (Japan), Adept Technology, Inc. (U.S.), GeckoSystems (U.S.), Northrop Grumman Corporation (U.S.), ECA Group (France), and Kongsberg Maritime (Norway). Reasons to buy the report: The report will help the market leaders/new entrants in this market in the following ways: Read the full report: http://www.reportlinker.com/p03858922-summary/view-report.html About Reportlinker __________________________ To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/service-robotics-market-by-type-component-application--geography-analysis--forecast-to-2020-300275759.html SOURCE Reportlinker |