London, 29 September 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Service Robot Market 2014-2018.
About Service Robots
A service robot is an intelligent machine that performs a variety of tasks that might be simple or complex, time-consuming or repetitive. These robots are classified into two broad divisions: Professional robots and personal/domestic robots. The Global Service Robot market is expected to grow at a CAGR of 16.50 percent during the forecast period.
About the Report
The latest report by TechNavio focuses on the increased demand for professional robots for medical applications. The acceptance of service robots for surgical applications has improved their usage, particularly in minimally invasive surgeries, as they reduce scarring and allow remote access.
Additionally, the report highlights the availability of service robots on lease, as the higher cost of these robots hinder their adoption by small and medium-sized enterprises.
“Some vendors have started offering service robots on lease, which allows cost-driven organizations to obtain the latest technology service robots at minimal cost, thus improving their productivity. Therefore, the availability of service robots on lease will encourage customers to use a wide range of professional service robots,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increased Demand for Service Robots for Medical Applications
- For a full detailed list, view our report.
Market Challenges:
- Lack of Effective Product Differentiation
- For a full detailed list, view our report.
Market Trends:
- Availability of Service Robots on Lease
- For a full detailed list, view our report.
Key Vendors:
- GeckoSystem Intl. Corp.
- Honda Motor Co. Ltd.
- iRobot Corp.
- Toyota Motor Corp.
Other Prominent Vendors:
- AB Electrolux
- Bluefin Robotics
- Deep Ocean Engineering
- ECA Hytec
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
