Robots – On the march, Jan-2017, focused on industrial robots. We now honein on the growing popularity of Global Service Robots, which have the tech edgeand versatility to be deployed almost everywhere from factories to hospitals tohomes. We see an ecosystem building around: 1) hardware manufacturing(i.e. robot components and computing chips); 2) AI development; and,3) server/networking builds to facilitate Service Robots as part of IoT in theconnected world. We forecast the Service Robot market size could beUS$100bn by 2025E, or a 32% CAGR in 2017-25E with shipments seeing a43% CAGR to over 142m units.