Technavio: Global Professional Service Robotics Market to See 22.65% CAGR in 2015-2019

RoboteamTechnavio has forecast the global professional service robotics market to climb at a compound annual growth rate of 22.65 percent from 2015 through 2019.

Technavio commented that the application of professional service robots in helping humans to perform various operations creates a global demand for robotics.

The report also finds that Internet of Things, automation, machine-to-machine communications and cloud have helped to ease the adoption of robots in the last 10 years.

During the forecast period, Technavio sees the application of unmanned ground vehicles and unmanned aerial vehicles in surveillance and public safety missions as market drivers for robotics.

Tier-one market players mentioned in the report include Northrop Grumman, Daifuku, Elbit Systems, iRobot, Titan Medicals and Touch Bionics.


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