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Service Robotics Market in Personal Product Segment Is Projected To Dominate the Revenue by 2024 | 3D Robotics, AeroVironment, BAE Systems, DeLaval, DJI, Intuitive, Lely, Medtronic, Northrop Grumman, Omron Adept Technologies, Parrot, Samsung Electronics,
Service Robotics Market
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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.
The key players covered in this study: -
• 3D Robotics
• AeroVironment
• Aethon
• BAE Systems
• DeLaval
• DJI
• ECA Group
• ECOVACS Robotics
• Intuitive
• Lely
• Medtronic
• Northrop Grumman
• Omron Adept Technologies
• Parrot
• Samsung Electronics
• SoftBank Robotics Europe
The professional application segment of the service robotics market is anticipated to witness a high growth owing to the increasing adoption of these systems for carrying out mundane and monotonous tasks such as milking, packing, and other activities. Medical robot systems are finding increasing applications in providing assistance during surgeries, therapy, and patient caring, contributing to the heavy growth of the service robotics market. For instance, Robot Aps has developed and launched a rehabilitation robot to assist health professionals with patients, who are bed-ridden, reducing the dependence on nurses for actions such as heavy lifting.
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The personal product segment of the service robotics market is predicted to dominate in terms of revenue during the forecast timeframe. Personal robots, such as vacuum cleaners, automated wheelchairs, and domestic servants, among others have aided in improving the quality of life and providing an increased convenience to their users.
For instance, in homes with geriatric inhabitants, who live alone, these robots are ideally suited for monitoring and diagnosing patients by relaying the information back to the medical practitioners or alerting authorities during emergencies such as when the patient falls from a wheelchair.
Companies in the service robotics market comprise iRobot, DJI, Intuitive Surgical, Inc., Parrot SA, Bluefin Robotics, Northrop Grumman Corporation, DeLaval, Lely, Medtronic, Yujin Robot, Samsung Electronics, Honda Motors Corp., 3D Robotics, AeroVironment, Inc., Ecovacs Robotics, and Softbank Robotics. The industry is highly competitive in nature followed by the presence of a large number of players.
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/service-robotics-market-size
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