openPR Logo
Press release

Service Robotics Market will Grow at a CAGR of 14.90% 2018-2023: LG Electronics, Gecko Systems International Corporation, Yujin Robot, Electrolux, FUJITSU FRONTECH LTD, Honda Motor Company

Service Robotics Market will Grow at a CAGR of 14.90% 2018-2023:

Industry Outlook and Trend Analysis
The Service Robotics Market was worth USD 7.78 billion in the year of 2014 and is expected to reach approximately USD 27.15 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 14.90% during the forecast period. The requirement to battle rising work costs in developed countries and increasing instances of assisted living are anticipated to provide driving force to the worldwide service robotics market. Since they assist in performing tasks that would somehow be considered unsafe or troublesome, service robots are foreseen to encounter significant demand. Furthermore, regular assignments can be effortlessly taken care of with a high level of exactness by these computer-controlled gadgets. Nonetheless, service robotics is in nearness to people; in this manner, guaranteeing complete health and security is absolutely critical. An expanding number of organizations have been creating and sharpening automation methods keeping in mind the end goal to gain share of the market. Key parts of the service robotics incorporate actuators, power supply, manipulators, sensors, and microcontrollers, of which sensors are the most important. Moreover, mobile technology, increasing geriatric population and smart devices implementing robotics, venture capital investments, funds and favorable government grants and enhancement of complementary technologies among others are foreseen to affect the market demand positively.

Get Sample Copy of This Report@ https://www.qurateresearch.com/report/sample/ICT/QBI-CMR-ICT-54575

Application outlook and Trend Analysis
The market for service robotics can be extensively classified into two application portions and incorporates personal service robotics and professional service robotics. The service robotics incorporate four principle service robotics includes four main professional service robotics applications, for example, medical, defense, field and logistic. In 2012 Service robotics utilized for guard purposes represented a significant piece of the overall industry because of their utilization in unmanned aeronautical vehicles among others. Field robots, which are utilized for purposes, for example, mining, agriculture, milling, forestry, etc. represented around 25 percent of the general proficient mechanical technology section. Medical robots have increased far reaching acknowledgment because of their help in treatment and robot-assisted surgery. Nonetheless, medical robotics systems are extremely expensive, because of which providers offer renting contracts for them. Additionally, service robotics is utilized as a part of various applications, for example, underwater, mobile platforms, construction, cleaning, rescue and inspection among others. The personal service robotics applications include two fundamental applications and incorporate entertainment and leisure robots and household robots. Personal service robotics represented a substantially smaller income share when compared to its alternatives and have altogether different advertising and evaluating channel. Personal robots are utilized for entertainment, education, lawn mowing, handicap assistance, and research, and so on.

Regional Outlook and Trend Analysis
Asia-Pacific is foreseen to remain the market pioneer, fundamentally by virtue of huge advancements in South Korea and Japan. The United States is likewise anticipated that would involve noteworthy piece of the overall industry and become speedier than the worldwide normal amid the gauge time frame. Quick increment in industrialization and improvement of manufacturing limits in the North America area is probably going to quicken the development of service robotics market. Furthermore, the rapidly developing automotive industry is foreseen to drive the market development in districts including Asia Pacific and North America. The requirement for benefit mechanical technology is anticipated to ascend in creating economies including China, India among others attributable to ascend in assembling and manufacturing bases.

Enquiry about Report@ https://www.qurateresearch.com/report/enquiry/ICT/QBI-CMR-ICT-54575

Competitive Insights
The major companies participating in the market are LG Electronics, Gecko Systems International Corporation, Yujin Robot, Electrolux, FUJITSU FRONTECH LTD, Honda Motor Company, iRobot, Toyota, Fujitsu, Hanool Robotics Corp and Sony Corporation.

The global Service Robotics Market is segmented as follows-
By Application:
Defense
Logistics
Personal
Household
Professional
Field
Medical
Entertainment and Leisure

Buy This Report@ https://www.qurateresearch.com/report/buy/ICT/QBI-CMR-ICT-54575/

About Us:
Qurate Business Intelligence delivers unique market research solutions to its customers and help them to get equipped with refined information and market insights derived from reports. We are committed to providing best business services and easy processes to get the same. Qurate Business Intelligence considers themselves as strategic partners of their customers and always shows the keen level of interest to deliver quality.

Runwal Platinum,
Ramnagar Colony, Bavdhan,
Pune, Maharashtra, India-411021
https://www.qurateresearch.com/
IN +919881074592
info@qurateresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Service Robotics Market will Grow at a CAGR of 14.90% 2018-2023: LG Electronics, Gecko Systems International Corporation, Yujin Robot, Electrolux, FUJITSU FRONTECH LTD, Honda Motor Company here

News-ID: 1194584 • Views:

More Releases from Qurate Business Intelligence

Ayurvedic Service Market (COVID-19 Impact Analysis) Share, Size, Revenue and Business Outlook 2028: Dabur, Emami Group, Himalaya Drug, Maharishi Ayurveda, Baidyanath, Shahnaz Husain Group, Vicco Laboratories
Ayurvedic Service Market (COVID-19 Impact Analysis) Share, Size, Revenue and Bus …
Ayurvedic Service Market Report research report is a wide-ranging analysis and Impact of COVID19 in the global market and the in-detail information with segmentation has been added in this intelligence report. In this report a comprehensive analysis of current global Global Ayurvedic Service Market market in terms of demand and supply environment is provided, as well as price trend currently and in the next few years. Global leading players are
Cash Management System Market Outlook, Size, Share, Revenue, Regions & Forecast - Sopra Banking Software SA, Giesecke and Devrient GmbH, NTT Data Corporation, Glory Global Solutions Inc., Currency Technics + Metrics (CTM)
Cash Management System Market Outlook, Size, Share, Revenue, Regions & Forecast …
Cash Management System Market Report research report is a wide-ranging analysis and Impact of COVID19 in the global market and the in-detail information with segmentation has been added in this intelligence report. In this report a comprehensive analysis of current global Global Cash Management System Market market in terms of demand and supply environment is provided, as well as price trend currently and in the next few years. Global leading
Poultry Processing Product Market 2023 Outlook, Business Strategies, Challenges and COVID-19 Impact Analysis 2028 Sanderson Farms, Wen's Food Group, New Hope Group, Charoen Pokphand Group, Bachoco, JBS S.A.
Poultry Processing Product Market 2023 Outlook, Business Strategies, Challenges …
Poultry Processing Product Market Report research report is a wide-ranging analysis and Impact of COVID19 in the global market and the in-detail information with segmentation has been added in this intelligence report. In this report a comprehensive analysis of current global Global Poultry Processing Product Market market in terms of demand and supply environment is provided, as well as price trend currently and in the next few years. Global leading
Smart Greenhouse Market is Booming Growth by Top Key Players - Venlo, Palram, RBI, Kubo, Nexus Corporation, Agra Tech, Luiten, Atlas Manufacturing, AgrowTec, TOP Greenhouse, FatDragon
Smart Greenhouse Market is Booming Growth by Top Key Players - Venlo, Palram, RB …
Smart Greenhouse Market Report research report is a wide-ranging analysis and Impact of COVID19 in the global market and the in-detail information with segmentation has been added in this intelligence report. In this report a comprehensive analysis of current global Global Smart Greenhouse Market market in terms of demand and supply environment is provided, as well as price trend currently and in the next few years. Global leading players are

All 5 Releases


More Releases for Robot

Major Market Shift in Robot Kitchen Industry: Robot-Operated Or AI-Powered Resta …
What Is the Forecasted Market Size and Growth Rate for the Robot Kitchen Market? The robot kitchen market has grown strongly in recent years. It is projected to grow from $3.35 billion in 2024 to $3.66 billion in 2025, at a CAGR of 9.3%. The growth is driven by automation and efficiency, rising labor costs, consumer demand for convenience, innovation and competition, and the emphasis on food safety and hygiene. The robot
AI Robot Toy Market Likely to Enjoy Massive Growth (2024-2029)ROYBI AI Robot , D …
According to HTF Market Intelligence, the Global AI Robot Toy market to witness a CAGR of 17.8% during the forecast period (2024-2029). The Latest Released AI Robot Toy Market Research assesses the future growth potential of the AI Robot Toy market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify
Six-Axis Robot Controllers Market | ABB, Alfa Robot, Arburg, Engel
The global six-axis robot controllers market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the six-axis robot controllers market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants. From the perspective of market dynamics, this report explores the factors driving the growth
Four-Axis Robot Controllers Market | ABB, Alfa Robot, Arburg, Engel
The global four-axis robot controllers market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the four-axis robot controllers market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants. From the perspective of market dynamics, this report explores the factors driving the growth
TPA Robot launches a new industrial linear robot
The single axis robot KK Series, developed by TPA ROBOT, uses partially hardened U-shaped steel base track to significantly increase the robot's strength and load capacity. Due to the different environments, we have three type of linear robot series, KSR, KNR and KFR, depending on the type of cover used. For the return system between the track and the slider, the contact surface between the ball and the ball groove adopts
Robot Battery Market 2023- 2028 Global Insights by Industry Volume, Opportunitie …
The Robot Battery Market research report gives consistent conveyance of the substance. Information gathered in the notification is from verified and reliable sources. Besides, the report additionally breaks down the forthcoming patterns and openings likely to propel the Robot Battery Market. Moreover, the Robot Battery Market provides creative strategies and plans that help market players to stay ahead of the competition. Besides, the Robot Battery Market research report likewise evaluates