North America Service Robotics Market Forecast 2017-2025

NEW YORK, July 20, 2017 /PRNewswire/ -- KEY FINDINGS

The North America service robotics market is estimated to grow at a CAGR of 15.15% during the forecast period 2017-2025. The revenue generated by the market is expected to increase from $3725.04 million in 2016 and reach $13487.05 million by 2025. The market accounted for the highest share of 39.84% in the year 2016. Growing elderly population, increasing demand from the defense sector, and the funding provided by the government and NASA for research in military applications and space robotics respectively, are responsible for such phenomenal growth of the market.

Read the full report: http://www.reportlinker.com/p05001363/North-America-Service-Robotics-Market-Forecast.html

MARKET INSIGHTS
The North America service robotics market is segmented on the basis of its applications type into personal service robotics and professional service robotics. The personal service robotics is anticipated to perform better over the forecast years.

However, the professional service robotics is currently dominatingthe market scene. These two application types are further sub-segmented into end-user applications. Some of the personal service robotics end user applications include entertainment robots, domestic robots, vacuum cleaning & mopping robots, lawn mowing & pool cleaning robots, handicap assistance robots, home security & surveillance etc with the entertainment robots currently dominating this application.

View original content:http://www.prnewswire.com/news-releases/north-america-service-robotics-market-forecast-2017-2025-300491950.html

SOURCE Reportlinker

[ Back To TMCnet.com's Homepage ]