Service Robotics Market Scope Analysis 2024, Top Companies are 3D Robotics, AeroVironment, BAE Systems, DeLaval, DJI, Intuitive, Lely, Medtronic, Northrop Grumman, Parrot, Samsung Electronics, SoftBank Robotics Europe

The U.S. service robotics market is anticipated to witness growth over the forecast timeline. It can be attributed to the rising demand for robots across various sectors, which include defense, logistics, healthcare, agriculture, and households. Increasing number of players entering the marketplace with new & advanced technological features further contributes to the regional industry demand. Moreover, the increasing adoption of household robots for performing everyday tasks coupled with the rising wage rates across various economies is compelling the adoption of robots, contributing to the Asia Pacific service robotics market.

Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/130

Companies in the service robotics market comprise 3D Robotics, AeroVironment, Aethon, BAE Systems, DeLaval, DJI, ECA Group, ECOVACS Robotics, Geckosystems International Corp (GOSY), Honda Motor Co. Ltd., Intuitive, IROBOT CORPORATION, Lely, Medtronic, Northrop Grumman, Omron Adept Technologies, Parrot, Samsung Electronics, SoftBank Robotics Europe, Yujin Robot Co., Ltd.

The rising demand for robots with advanced capabilities to assist humans in everyday lives is anticipated to drive the service robotics market over the forecast timeline. The emerging trend of innovations from many engineering and scientific disciplines and technological advancements such as AI, machine learning, 3D sensors, machine vision, and big data analysis further contribute to the industry demand. In addition, the increasing penetration of robots in military & defense applications followed by the significantly rising defense budgets across the major economies is providing an impetus to the service robotics market.

Service Robotics Market, By Application

• Professional
• Defense
• Field
• Healthcare
• Logistics
• Others
• Personal
• Household
• Entertainment

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/130

The growing deployment of robots across households is anticipated to showcase a positive impact on the service robotics market growth. The household robots help in reducing the burden on their human counterparts by performing domestic tasks such as floor & window cleaning, vacuum cleaning & lawn-mowing and letting them focus on more important tasks. Increasing penetration of entertainment robots in various sectors, such as retail, BFSI, and hospitality, enables the interactive experience deepening the engagement with in-store customers. The robots can bring in a transformation by making use of advanced technologies such as facial recognition, speech recognition, and emotion recognition. However, factors such as rising R&D expenses and capital investments are expected to limit the industry demand.

Increasing utilization of healthcare robots in applications, such as surgeries, diagnostics, monitoring, and mental & physical therapy, will drive the healthcare service robotics market growth. Hospitals are increasingly using robotics in rehabilitation activities, which include orthotics and assistive devices such as wheelchairs. However, the demand for robotics in the logistics sector is on the rise owing to the growing e-commerce sector followed by the increasing efforts by industries to reduce the labor cost & optimize the processing speed.

Browse Complete Report Summary: https://www.gminsights.com/industry-analysis/service-robotics-market-size

For instance, in 2016, the U.S. Defense Advanced Research Projects Agency (DARPA) announced to invest nearly USD 3 billion in the development of new military technologies, which include automated technologies and combat robot warriors.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.