European service robotics market is estimated to grow at a CAGR of 13.91% over the forecast period of 2018-2026.The rising demand for robotics in various industries, coupled with the continuous research and development in this field are responsible for boosting the European service robotics market.
The European robotics market is buoyed by the largest robotics research and innovation program SPARC, launched by the European Commission and 180 OEMs and research organizations. In 2017, the UK service robotics market accounted for the highest revenue. The country is expected to replace 250000 public sector workers by service robots as these robotics have proved that machine can be more powerful and efficient than human. However, it is the France service robotics market that is anticipated to rise with the highest CAGR. The market is mainly driven by the establishment of the new startups which are focusing on the innovation and new product developments related to service robotics.
Some of the eminent players in the market include Qiagen, Sony Corporation, Northrop Grumman Corporation, Macdonald Dettwiler and Associates Ltd, Medsys SA, Hansen Medical, Irobot Corporation, Lely, Google Inc, Honda Motor Co. Ltd, Geckosystems International Corporation, Blue River Technology, ECA Group, Argo Robotics, AB Electrolux etc.