Service Robotics Market is expected to witness 13.6% CAGR between 2021-2031 | Global Industry Size, Share, Growth, Key Companies Trends & Forecast

According to a new market research report published by sheer analytics and insights, “The Global Service Robotics Market was $16.2 Billion in 2020, and it is expected to reach $69.1 Billion by 2031. It is eventually growing at a commendable high compound annual growth rate CAGR of 13.6% between 2021-2031”, as per the latest market research report titled Global Service Robotics Market - Industry analysis, size, share, growth, trends and forecast, 2021 – 2031.

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The need to cut down the increased costs of labor in many of the developed nations and also the increased need for assisted living will help to flourish this market during the forecasted period. it is because these service robots will help to perform everyday tasks with high accuracy that are risky or difficult. Besides this, service robots can also create great opportunities in the industrial sectors of underdeveloped economies as they lack skilled labor. These devices can be used safely among the laborers in such a way that they will help to create additional value to the overall operation.

Geographically, The Global Service Robotics Market is divided into global regions like North America, Europe, Asia- Pacific, South America, Middle East, and Africa.

The primary key players in Global Service Robotics Market include iRobot, SoftBank Robotics Group, Intuitive Surgical, DeLaval, Daifuku, CYBERDYNE, DJI, Kongsberg Maritime, Northrop Grumman, Neato Robotics, Parrot SA, KUKA AG, Aethon Inc.

Browse the Full report at https://www.sheeranalyticsandinsights.com/market-report-research/service-robotics-market-21

The Global Service Robotics Market Has Been Segmented Into:

By Type
• Professional
• Personal & Domestic

By Environment Type
• Aerial
o Commercial Drones
o Consumer Drones
• Ground
o Automated Guided Vehicles (AGVs)
o Cleaning Robots
o Agricultural Robots
o Surgical Robots
o Entertainment and Leisure Robots
o Inspection Robots
o Humanoid Robots
o Powered Exoskeletons
o Telepresence Robots
o Others
• Marine
o Remotely Operated Vehicles (ROVs)
o Unmanned Surface Vehicles (USVs)
o Autonomous Underwater Vehicles (AUVs)

By Component Type
• Hardware
o Airframes
o Sensors
o Caneras
o Autuators
o Power Supply
o Control Systems
o Navigation Systems
o Propulsion Systems
o Others
• Software

By Application Type
• Domestic
o Floor Cleaning
o Lawn Mowing
o Pool Cleaning
o Others
• Medical
o Surgery Assistance
o Handicap Assistance
o Others
• Field
• Harvest Management
o Field Farming
o Dairy & Livestock Management
o Others
• Defense, Rescue, Security
o Demining
o Fire and Bomb Fighting
o Border Security & Surveillance
o Others
• Entertainment, Educational, Personal
o Entertainment
o Education
o Companionship and Elderly Assistance
• Public Relations
• Inspection and Maintenance
o Pipe/Pipeline Inspection
o Power Plant Inspection
o Inspection of Energized Transmission Lines
o Others
• Logistics
o Warehouse Automation
o Last-mile Delivery
• Construction and Demolition
• Marine
o Oceanography
o Environmental Protection and Monitoring
o Archeological Exploration
o Others

By Geography
• North America
o USA
o Canada
o Mexico
o Rest of North America
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Russia
o Rest of Europe
• Asia Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia Pacific
• Latin America, Middle East & Africa
o Brazil
o South Africa
o UAE
o Rest of LAMEA
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This release was published on openPR.