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MarketsandMarkets Cited as a Major Source in an Article on Service Robotics Market Published by Bloomberg Business
In an article on service robotics market published by Bloomberg Business, MarketsandMarkets was mentioned as a key reference for market trends.
The robotics industry has seen umpteen developments over the past decade, owing to the advancements in technology. The service robots are used for personal as well as for professional use for performing domestic applications or repetitive or hazardous tasks, respectively, thereby reducing the burden on human labor and increasing efficiency of performing any task. Over the coming years, domestic robots are likely to see a huge demand, thereby boosting the growth of this market. The global market for service robots is expected to grow at a CAGR of 17.36%, reaching $18.02 Billion by 2020, thanks to the increasing demand from domestic, medical & healthcare, and defense & military sectors.
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Report mentioned in the above news is,
Service Robotics Market by Type (Ground, Aerial, Underwater), by Component (Software, Hardware), by Application (Professional, Personal) and by Geography (North America, Europe, Asia-Pacific, and RoW) - Analysis & Forecast to 2020