Driven by continuous installation increase in automotive manufacture, electrical and electronics industry, as well as fast growing applications in other industrial production, global annual demand for industrial robots is expected to reach 553,000 units in 2020 to set up a new history high. Consequently, the operational stock of industrial robots is forecast to grow at a 2015-2020 CAGR of 12.3%, which will increase the industrial robots in use from 1.658 million units in 2015 to a new pea...

Service robotics will show far more disruptive effects on the competitiveness of non-manufacturing industries and the growth in these areas over the coming decade will be much more dramatic. Although accounting for a small fraction in terms of total sales volume of service robots, professional applications of service robots grab over 65% of the total sales revenue generated from service robots. Professional service robots will continue to dominate the service robot market, with medical ro...

World domestic service robots, including both personal and household service robotics, have witnessed a steady growth in the recent years owing to the wider awareness/acceptance of robotics applications, increasing cost for human service labor, and continuous technological advancement. Global total sales revenue of household and personal service robots is forecast to grow by 23.5% per annum in the coming 2015-2020 period. Global Domestic Service Robots Market – Size and Trends to 2020 e...