Chicago, IL -- (SBWIRE) -- 09/27/2016 -- According to the report, "Service Robotics Market, By Application (Entertainment, Home Security, Elderly & Handicapped Assistance, Education & Research, Defense, Rescue & Security, Field Robots, Medical, Logistics, Construction & Demolition, Telepresence), By Type (Ground, Aerial, Underwater), By Component (Hardware, Software), and By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022", the market for service robotics is set to grow at an impressive rate during the forecast period.

The service robotics market report focuses on the key driving and restraining factors for the market. It also offers in-depth analysis of the market share, segmentation, geographic regions, and revenue forecasts.

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According to the service robotics market report, the global market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) during the forecast period. The key driving factors for the growth of this market include the strong rise in demand for service robotics, especially from the healthcare and domestic sectors. The innovative technological advancements and strong research and development activities by the key market players are expected to push the growth opportunities for this market on a global scale. The major restraining factors highlighted in the report include the high R&D costs and the initial development costs.

The report segments the global service robotics market by the applications, components, types, and geographic regions. The types of service robots include underwater, aerial, and ground. The major application segments include home security, entertainment, defense, field robots, telepresence, education & research, rescue & security, elderly & handicap assistance, and construction & demolition. The major components include software and hardware. The major geographic regions include North America, Latin America, Asia-Pacific, Middle East & Africa, and Europe.

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The key players included in the service robotics market report include Amazon.com, Inc., Adept Technology, Inc., DeLaval Group, DJI, ECA Group, Intuitive Surgical, Inc., iRobot Corporation, Kongsberg Gruppen, KUKA AG, Maritime Robotics, Northrop Grumman Corporation, Yaskawa Electric Company, and such others. The report anticipates impressive growth opportunities from the emerging markets. It also expects the North America region to hold the largest market share during the forecast period.

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