According to a new market research report published by sheer analytics and insights, “The Global Service Robotics Market was $16.2 Bn in 2020, and it is expected to reach $69.1 Bn by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 13.6% between 2021-2031”, as per the latest market research report titled Global Service Robotics Market - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.
The need to cut down the increased costs of labor in many of the developed nations and also the increased need for assisted living will help to flourish this market during the forecasted period. it is because these service robots will help to perform everyday tasks with high accuracy that are risky or difficult. Besides this, service robots can also create great opportunities in the industrial sectors of underdeveloped economies as they lack skilled labor. These devices can be used safely among the laborers in such a way that they will help to create additional value to the overall operation.
Geographically, The Global Service Robotics Market is divided into global regions like North America, Europe, Asia- Pacific, South America, Middle East, and Africa.
The primary key players in Global Service Robotics Market include iRobot, SoftBank Robotics Group, Intuitive Surgical, DeLaval, Daifuku, CYBERDYNE, DJI, Kongsberg Maritime, Northrop Grumman, Neato Robotics, Parrot SA, KUKA AG, Aethon Inc.
The Global Service Robotics Market Has Been Segmented Into:
Global Service Robotics Market, By Type
Global Service Robotics Market, By Environment
Global Service Robotics Market, By Component
Global Service Robotics Market, By Application
Global Service Robotics Market, By Geography