Press release
Service Robotics Market is Set for a Rapid Growth and is Expected to Reach around USD 24.10 Billion by 2022
DOWNLOAD FREE PDF BROCHURE @ https://goo.gl/VPBhcn
A service robot is a robot that performs useful tasks for humans or equipment without industrial automation function. Service robots help humans by performing a job that is dull, distant, and repetitive, including household everyday jobs. There is two major type of service robotics such as professional service robots and personal service robots. Personal service robots are used for a non-commercial job, for example, domestic servant robot, pet exercising robot, personal mobility assists robot and automated wheelchair. A professional service robot is used for a commercial task and operated by a well-trained operator for example surgery robot in hospitals, cleaning robot for public places, fire-fighting robot, and delivery robot in offices or hospitals.
High adoption of service robotics in personal and professional applications is a major factor in driving the growth of this market. Also, high demand in defense sector of service robotics is also fueling the market growth. However, the high price associated with the development of service robots is expected to hamper the market growth in the near future. Moreover, strong demand from healthcare and defense sectors across the globe is expected to open new growth opportunities for service robotics in upcoming years.
On the basis of the type, the service robotics market is divided into professional service robotics and personal robotics service. The professional service robotics accounted the highest share in 2016 due to the accomplishment of various tasks with or without the direct intervention of humans and expected to record highest CAGR over The forecast period. By application, service robotics market demand is mainly propelled by healthcare and defense sector.
North America held highest market share due to a quick rise in the production development capacities and industrialization. Furthermore, the rapidly growing automotive industry in North America is also expected to drive the demand for the overall industry. Due to emerging economies such as India, Japan, and China, Asia Pacific is estimated to show the fastest growth for service robotics market.
Get FREE Sample Research Report @ https://goo.gl/HcETUu
The key participants in service robotics pace are Touch bionics Ltd, iRobot Corporation, Samsung Techwin Co. Ltd., AB Electrolux, Robert Bosch GmbH, Mako Surgical Corporation, Panasonic Corporation Intuitive surgical Inc., Honda Motors Co. Ltd., Dyson Ltd. and others.
The report segments global service robotics market as follows:
Global Service Robotics Market: Product Segment Analysis
Professional Service Robots
Personal Service Robots
Global Service Robotics Market: Application Segment Analysis
Healthcare
Defense
Agriculture
Logistics
Aerospace
Research and development
Others
Global Service Robotics Market: Regional Segment Analysis
North America
Europe
Asia Pacific
Latin America
The Middle East and Africa
GET FREE PDF BROCHURE @https://goo.gl/VPBhcn
About Us
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.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 is Set for a Rapid Growth and is Expected to Reach around USD 24.10 Billion by 2022 here
News-ID: 1524120 • Views: …
More Releases from zion market research
Halal Food Market to Reach USD 16.84 Billion by 2034, Expanding at 18.04% CAGR
The global halal food market, valued at USD 3.21 billion in 2024, is projected to reach USD 16.84 billion by 2034 at a robust CAGR of 18.04%. This extraordinary growth is fueled by a rapidly rising global Muslim population, increasing demand for certified halal-compliant food, expanding global halal trade networks, and the emergence of halal as a trusted, premium, ethical, and hygienic food label even for non-Muslim consumers.
Key Market Highlights
Metrics Insight
2024…
Paper Bags Packaging Market to Reach USD 6.10 Billion by 2034, Expanding at 4.82 …
The global paper bags packaging market, valued at USD 3.81 billion in 2024, is projected to reach USD 6.10 billion by 2034, growing at a 4.82% CAGR between 2025 and 2034. The market is gaining momentum on the back of sustainability mandates, stringent global regulations against single-use plastic, rising consumer environmental consciousness, and the rapid expansion of e-commerce and foodservice industries adopting recyclable packaging.
Key Market Highlights
Indicator Insight
2024 Market Value USD 3.81 Billion
2034…
Fabry Disease Treatment Market to Reach USD 10.54 Billion by 2034, Expanding at …
The global Fabry disease treatment market, valued at USD 5.18 billion in 2024, is projected to reach USD 10.54 billion by 2034, growing at a 6.8% CAGR (2025-2034). Market momentum is driven by rising disease awareness and diagnosis, expanding enzyme replacement therapy (ERT) utilization, progress in chaperone and substrate reduction therapies (SRT), and an advancing pipeline in gene and next-generation ERTs. Persistent unmet need-stemming from organ involvement (renal, cardiac, cerebrovascular),…
Snow Sports Apparel Market to Reach USD 5.37 Billion by 2034, Expanding at 7.3% …
The global snow sports apparel market, valued at USD 2.65 billion in 2024, is projected to reach USD 5.37 billion by 2034, growing at a 7.3% CAGR (2025-2034). Growth is driven by the rising popularity of winter sports and outdoor recreation, fabric and garment-tech innovations (breathability, waterproofing, thermal regulation), and the accelerating role of e-commerce, social media, and athlete-led branding in discovery and conversion.
Strategic Market Insights & Key Performance Indicators
2024…
More Releases for Robotics
Humanoid Robot Market Top Companies Study- SoftBank Robotics, ROBOTIS, Agility R …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Humanoid Robot Market - (By Component (Hardware (Sensors (Gyroscopes, Microphones, Accelerometers, Tilt sensors, Force/Torque sensors, Position sensors, Vision/Image sensors, Others), Actuators (Electrical, Pneumatic, Hydraulic, Piezoelectric, Ultrasonic), Power Sources, Control Systems/Controllers, Others), Software), By Motion Type (Biped, Wheel drive), By Application (Research and Space Exploration, Education and Entertainment, Personal Assistance and Caregiving, Search and Rescue, Public…
Edible Soft Robotics Market Worth Observing Growth | Rethink Robotics, ReWalk Ro …
Advance Market Analytics published a new research publication on "Edible Soft Robotics Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Edible Soft Robotics market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the…
Humanoid Robot Market Top Players - SoftBank Robotics, ROBOTIS, Agility Robotics …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Humanoid Robot Market - (By Component (Hardware (Sensors (Gyroscopes, Microphones, Accelerometers, Tilt sensors, Force/Torque sensors, Position sensors, Vision/Image sensors, Others), Actuators (Electrical, Pneumatic, Hydraulic, Piezoelectric, Ultrasonic), Power Sources, Control Systems/Controllers, Others), Software), By Motion Type (Biped, Wheel drive), By Application (Research and Space Exploration, Education and Entertainment, Personal Assistance and Caregiving, Search and Rescue, Public…
Robotics Software Platforms Market 2023 | Futuristic Technology- RoboDK, KUKA, F …
The Robotics Software Platforms research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Robotics Software Platforms research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
Download FREE Sample Report…
Edible Soft Robotics Market is Booming Worldwide with Rethink Robotics, ReWalk R …
Latest released Global Edible Soft Robotics Market Research Report provides detailed assessment about Key and emerging Players highlighting profiles, product portfolio, market price, and sales revenue to better derive market size estimation. With this evaluation the aim is to throw lights on Future trends, Growth Factors, opinions and facts derived from industry executives with statistically supported and validated market data. Furthermore, a clear explanation of How or Why this market…
Rehabilitation Robotics Market 2025 - Kinova Robotics, Rehab-Robotics Company, T …
Rehabilitation Robotics market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making.
Check for the sample here - https://www.premiummarketinsights.com/sample/TIP00000795 …
