Service Robotics Will Soon Replace Humans ,TALON and METAL-STORM Are Setting An Example
Automation in Defense Shows High Potential
With both internal and external security threats mounting in
countries across the world, the respective governments and defense
sector are collectively seeking solutions to reduce human casualties
by making greater use of robots on the field. This has paved the way
for successful operation for unmanned ground vehicles and demining
vehicles as well as unmanned aerial vehicles. TALON and METAL-STORM
are the two commonly used service robots in the U.S. defense sector
owing to their advantage of dealing with tasks without human
intervention.
The ground-breaking discoveries in automation have been the very
essence of the rising adoption of service robots in a wide spectrum
of activities. From healthcare to agriculture, the global service
robotics market is experiencing a huge scope for growth as it
drastically raises work efficiency. Marked by accuracy and precision,
service robots are being extensively used to perform complex
surgeries in the healthcare sector. The growing research and
development activities will also bolster the uptake of service robots
as companies are vying to introduce robots with advanced mechanisms,
improved artificial intelligence, and sophisticated algorithms.
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The top four players in the global service robotics market are
Panasonic Corporation, iRobot Corporation, AB Electrolux, and Samsung
Techwin Co. Ltd, finds Transparency Market Research in a new report.
Collectively, these players held a dominant share of 58.5% in the
global market in 2014, observes Transparency Market Research’s
latest report. Business expansion and development of new products
will be the presiding themes seen amongst competitive players in the
global market.
“The next few years will see companies focus on developing
intelligent products that offer extremely innovative solutions to
meet the growing need for advanced automation in various sectors,”
says the senior analyst of this research report. Service robots that
come with enhanced cognitive ability to deliver results with
precision and dexterity in real-time will enjoy the advantage of
better differentiation. The progress of service robotics companies
will depend on the future capabilities of robots across various
industrial and professional verticals.
Adoption of Service Robotics in Defence Sector Puts North America
in the Lead
The opportunity in the global service robotics market is estimated to
reach US$22.50 bn by 2021 as compared to US$5.57 bn in 2014. From
2015 and 2021 this market will expand at a CAGR of 18.8%. Amongst the
various product types, professional service robotics will be
preferred by consumers. This trend will help take the segment’s
valuation to US$14.64 bn by the end of 2021. In terms of geography,
North America is expected to lead the service robotics market with a
whopping CAGR of 17.9% during the forecast period as the defense
sector is rapidly adopting these products.
This review is based on Transparency Market Research’s report,
titled “Service Robotics Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 – 2021.”
Key Takeaways:
- Global service robotics market to be worth US$22.50 bn by 2021
- Professional robots to take up sizeable share in the market with a revenue of US$14.64 bn by 2021
- Defense sector in North America to keep region at forefront with high adoption of service robots
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