Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Next Move Strategy Consulting
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

The Service Robotics Market: Predicted to Reach $192 Billion by 2030, with a CAGR of 21%

% of readers think this story is Fact. Add your two cents.


The global service robotics market is set to experience remarkable growth over the next decade, driven by advancements in technology, increasing demand for automation, and rising adoption across various industries.

According to recent industry reports by Next Move Strategy Consulting, the global Service Robotics Market is predicted to reach approx. $192 billion, registering a CAGR of 21% by 2030.

Secure a FREE Sample: https://www.nextmsc.com/service-robotics-market/request-sample

Key Market Drivers:

  1. Technological Advancements: Rapid advancements in artificial intelligence (AI), machine learning (ML), and sensor technologies are significantly enhancing the capabilities of service robots. Innovations in these areas are enabling robots to perform more complex tasks with higher efficiency and accuracy.
  2. Rising Demand for Automation: The growing need for automation in various sectors, including healthcare, agriculture, logistics, and domestic applications, is a major factor driving the market. Service robots are increasingly being utilized to perform tasks that are repetitive, hazardous, or require precision, thereby improving operational efficiency and reducing costs.
  3. Aging Population and Healthcare Needs: The increasing aging population worldwide is driving the demand for service robots in the healthcare sector. Robots are being used for elderly care, surgery assistance, rehabilitation, and other medical applications, providing improved care and support to patients.
  4. E-commerce and Logistics Boom: The exponential growth of e-commerce is propelling the adoption of service robots in the logistics and warehousing sectors. Robots are being deployed for inventory management, sorting, packaging, and last-mile delivery, streamlining operations and enhancing customer satisfaction.
  5. Supportive Government Policies: Governments around the world are recognizing the potential of robotics and are implementing favorable policies to promote research and development in this field. Grants, subsidies, and investment in robotics start-ups are fostering innovation and growth in the service robotics market.

Market Segmentation:

By Type

  • Personal Robots
  • Professional Robots

By Operating Environment

  • Aerial
  • Marine
  • Ground

By Component

  • Hardware

    • Cameras
    • Airframe
    • Sensors
    • Actuators
    • Power Supply
    • Control Systems
    • Navigation Systems
    • Propulsion Systems
    • Others
  • Software

By Application

  • Field
  • Logistics
  • Domestic
  • Defense
  • Healthcare
  • Inspection and Maintenance
  • Construction
  • Entertainment
  • Education
  • Others

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • RoW
    • UAE
    • Saudi Arabia
    • South Africa
    • Brazil
    • Remaining countries

Regional Insights:

  • North America: North America is projected to exhibit substantial growth in the global service robotics market during the forecast period, due to the growing adoption of contactless deliveries in the U.S. as well as a suitable investment scenario for the research on assistive technologies.
  • Asia-Pacific: Asia-Pacific dominated the global service robotics market in 2021 and is potently expected to remain dominant in the market throughout the forecast period. This is attributed to factors such as the presence of leading manufacturing countries that include Japan, China, and South Korea.

Key Players:

Prominent companies in the service robotics market include:

  • iRobot Corporation
  • Intuitive Surgical, Inc.
  • SoftBank Robotics Group
  • DeLaval
  • DJI
  • Yujin Robot Co., Ltd.
  • Northrop Grumman
  • Samsung
  • Daifuku Co., Ltd.
  • AB Electrolux.

Inquire Before Buying: https://www.nextmsc.com/service-robotics-market/inquire-before-buying

Future Outlook:

The future of the service robotics market looks promising, with continuous advancements in AI and robotics technology. Collaborative robots (cobots) are expected to gain traction, offering enhanced safety and efficiency in human-robot interactions. The integration of IoT and cloud computing with service robots will further revolutionize various industries, enabling seamless connectivity and data-driven decision-making.

As industries across the globe continue to embrace automation and robotics, the service robotics market is poised for unprecedented growth, transforming the way we live and work.

Also, Browse Related Reports

For more information, please contact:

Next Move Strategy Consulting

E-Mail: [email protected]

Direct: +1-217-650-7991

Website: www.nextmsc.com

Follow Us: LinkedIn | Twitter | Facebook | Instagram | YouTube

About Next Move Strategy Consulting:

Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations with industry experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicate as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solutions that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.