TechNavio recognizes the following companies as the key players in the Global Service Robotics Market: GeckoSystems Intl. Corp., Honda Motor Co. Ltd., and iRobot Corp.
Commenting on the report, an analyst from TechNavio’s team said: “Despite the advantages of the effective deployment of service robots, the high price of these robots for professional application hinders its adoption among small and medium-sized enterprises. Therefore, some vendors have started offering service robots on lease. This allows cost-driven organizations across the globe to opt for the latest technology service robots at minimal cost, thereby improving their operational productivity. Therefore, the availability of service robots on lease encourages customers to use a wide range of professional service robots.”
According to the report, one of the major drivers is the increasing demand of professional robots for medical applications. It is used for various surgical applications such as gastrointestinal and gynecological surgery, and urology, gall bladder and prostate removal surgery.
Further, the report states that a major challenge in the market is the lack of effective product differentiation. Several service robots vendor offer similar products at competitive price that creates intense competition among vendors and also forces them to reduce their product price to increase their market share.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-service-robotics-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Service Robotics Market 2012-2016
