MarketsandMarkets: Global Service Robotics Market Worth U.S. $21 Billion by 2014

MarketsandMarkets: Global Service Robotics Market Worth U.S. $21 Billion by 2014

DALLAS, May 10, 2010--     According to a new market research report, 'Global Service Robotics
Market (2009 - 2014)', published by MarketsandMarkets
(http://www.marketsandmarkets.com), the total global service robotics market
is expected to be worth US$21 billion by 2014, out of which the Asia market
will account for nearly 35% of the total revenues. The global market is
expected to record a CAGR of 49.6% from 2009 to 2014.

    Browse in-depth TOC on Service Robotics Market.

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    Increasing ageing population concerns are driving the need for domestic
and personal service robots. Efficient and advanced robots with lower power
consumption are the need of the hour.

    In personal service robotics market, domestic robotics market is the
largest segment; and is expected to reach US$1.97 billion by 2014 at a CAGR
of 52%. The high market size of domestic robots is mainly due to demand of
robots for assistance in household tasks and to act as a companion. The
entertainment market is estimated to be $1.85 billion in 2014. Defense,
security and surveillance robots cover the large segment of the professional
service robotics market. However, they are expected to be taken over by field
robots by 2014.

    Ageing population and continuous research has made Asia the dominant
player in the service robotics market. In 2009, the market share is estimated
to be 52% with a size of $3.7 billion. Europe is expected to have the
second-highest market for service robots. However, a large consumer base of
domestic robots in the U.S. and Europe makes them the most attractive market
for vacuum cleaners and other domestic products.

    Analyst Briefing Presentation on the Global Service Robotics market to be
held on 8th June

    The Advanced material at MarketsandMarkets is pleased to announce its
Analyst Briefing Presentation on the Global Service Robotics market to be
held on 8th June.

    To register your participation, please click here
http://www.marketsandmarkets.com/AnalystBriefing/service-robotics.asp

    About us

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Source: MarketsandMarkets

Ms. Sunita, 7557 Rambler road, Suite 727, Dallas, TX 75231, Tel: +1-888-989-8004, Email: sales@marketsandmarkets.com