Global Service Robotics Market Forecast Report to 2020: Grand View Research, Inc.

Global Service Robotics Market Forecast Report to 2020: Grand View Research, Inc.

The global service robotics market is expected to reach USD 15.69 billion by 2020, according to a new study by Grand View Research, Inc. Government initiatives and investments supporting development of service robotics in countries such as Japan and U.S. is expected to favorably impact market growth. Extensive use in defense and military applications, coupled with a projected steady demand from these domains is expected to drive the service robotics market over the forecast period.

Capability of service robots to offer sustainable medical provision without affecting quality of care has made healthcare a lucrative field for service robotics. Reluctance of substituting manual labor with service robots in traditional field operations is expected to pose a challenge to market growth.

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