Service robotics market is expected to generate revenue

Service robotics market is expected to generate revenue

JERSEY CITY, NJ, Sep 08, 2022 (GLOBE NEWSWIRE) – Proven market research recently published a report, “Service robotics market“By service type (professional, personal), by application (domestic, industrial/commercial), by environment (aerial, ground), and by geographic region. According to verified market research, the service robots market was valued at US$30.57 billion in 2021 and is expected to reach US$173.17 billion by 2030, at a compound annual growth rate of 21.25% from 2022 to 2030.

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Overview of the global market for service robots

Owing to the rapid technological advancements in automation, engineering, artificial intelligence, and machine learning, the Robotics industry is rapidly stimulating the Service Robots market trends. The consequences of the introduction of robots have led to a shift in the human ability to perform tasks. Moreover, the repercussions of the growth of robots will boost the productivity and economic expansion of developing countries. In addition, since underdeveloped economies lack skilled labor, service robots can open up great opportunities in various industries.

Data ownership raises ethical concerns, particularly with the rise of bot services. There is always a big difference between data collected by ground-based and unmanned aerial vehicles. Third parties, such as marketing agencies and databases, frequently purchase this data, putting individuals’ privacy at risk. Since most equipment manufacturers use their own internal interface protocols for communications, the lack of standardization in robotics technologies such as artificial intelligence and machine vision complicates system integration. In the healthcare and military and defense industries, the consequences of a data breach are significant, necessitating regulations that do not stifle technologies related to robotics.

Key Developments

  • In September 2020, the SoftBank Robotics Group and Bear Robotics teamed up to form a service robot for the food and hospitality industry. The service robot was named SERVI.
  • In February 2020, Intuitive Surgical completed the acquisition of Orpheus Medical.

The main players

The main players in the market are iRobot, Intuitive Surgical, Honda Motor, Panasonic Holdings, Aethon, Yujin Robot, Samsung Electronics, DeLaval, Robert Bosch, Electrolux and others.

Verified market research has segmented the global Service Robots market on the basis of service type, application, environment, and geography.

  • Service robots market, by type of service
  • Service bots market, by application
    • Sweetened
    • Industrial / Commercial
  • Service robots market, by environment
  • Service Robots Market by Geography
    • North Amarica
    • Europe
      • Germany
      • France
      • United kingdom
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • Row
      • Middle East and Africa
      • Latin america

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Service Robots Market Visualization Using Certified Market Intelligence –:

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