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Service Robotics Market Size Will Grow At A 23.7% CAGR from 2014 to 2020: Grand View Research, Inc.

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The global  service robotics market  is projected to reach USD 15.69 billion by 2020, at an expected CAGR of 23.7% from 2014 to 2020. The demand for the global service robotics is anticipated to surpass 18 million units by 2020. The major factor driving the industry is the rising occurrences of supported living and the demand to fight against increasing costs of labor in the developed countries. Global service robotics market by application, 2012 - 2020 (USD Billion) The foremost advantage offered by service robotics includes assistance in carrying out those tasks which would otherwise have been tough and risky. Moreover, the ordinary routine tasks can be effortlessly dealt with having a high degree of accuracy with the help of these devices. The global industry has witnessed a massive growth in the number of companies trying to enter the industry and gain share by evolving and refining their automation techniques. The components involved in the manufacturin...
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Industrial Robotics Market Will Grow at a Steady Rate of 7.0%from 2014 to 2020: Grand View Research, Inc.

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The global  industrial robotics market  size is anticipated to reach USD 41.23 billion by 2020, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% during the forecast period. Rapid expansion of the automotive industry worldwide and growing adoption of robotics in the non-automotive industry including food & beverage, chemicals, rubber & plastics, and electronics/electrical are stoking the growth of the market. Companies implementing industrial robots are increasingly realizing substantial financial benefits, which is leading to a surge in installation of robots in contemporary manufacturing plants. Integration of robots with production processes help boost productivity, minimizes overheads, offers a high degree of flexibility, increases quality, and reduces waste to a large extent as compared to outcome of manual labor, which consequently propels the market. Industrial robots have been responsible for the formation of a...
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Pico Projector market Is Anticipated To Surpass $2.39 Billion By 2022: Grand View Research, Inc.

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The global  pico projector market  is expected to reach USD 2.39 billion by 2022, according to a new study by Grand View Research, Inc. Smartphone proliferation coupled with high convenience when integrated with portable electronic devices is anticipated to elevate demand. Technological advancements have resulted in enhanced contrast ratio and high pixel quality. Portability and compatibility with Wi-Fi, WiMax, and 3G/4G technologies offered by these products is estimated to drive industry growth. U.S. pico projector market by product, 2012 - 2022 (USD Million) Pico projectors have the ability to project content from mobile and other electronic devices onto a wall, notebook, or portable projection screens. Strong economic growth coupled with rising consumer disposable income may catalyze adoption particularly in consumer electronics and automobiles. Increasing adoption of smart devices and the advent of Internet of Things (IoT) may catapult demand over the next ...
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