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Service Robotics Market Size, Share 2020, Impressive Industry Growth Report 2027

02-09-2021 01:22 PM CET | IT, New Media & Software

Press release from: Orion Market Research

The service robot market is expected to grow from $37 billion in 2020 to $102.5 billion in 2025. It is expected to grow at a CAGR of 22% from 2020 to 2025. The adoption of service robots provides high ROI for commercial users primarily due to reduced labor costs. This is one of the main drivers of adoption. At the same time, funding for robotics research by the government and key market players has increased dramatically.

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A full report of Service Robotics Market is available at: https://www.orionmarketreports.com/service-robotics-market/25201/

Key Market Players

Major companies in the service robotics market are iRobot (US), SoftBank Robotics Group (Japan), Intuitive Surgical (US), DeLaval (Sweden), Daifuku (Japan), CYBERDYNE (Japan), DJI (China), Kongsberg Maritime (Norway), Northrop Grumman (US), Neato Robotics (US). Apart from these, ecoRobotix (Switzerland) and Starship Technologies (US) are among a few emerging companies in the market.

Service Robotics Market Segmentation

By Type:

• Professional
• Personal & Domestic

By Environment:

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

By Component:

• Hardware (Airframes, Sensors, Caneras, Actuators, Power Supply, Control Systems, Navigation Systems, Propulsion Systems, and Others)
• Software

Reasons to Buying From us –

• We cover more than 15 major industries, further segmented into more than 90 sectors.
• More than 120 countries are for analysis.
• Over 100+ paid data sources mined for investigation.
• Our expert research analysts answer all your questions before and after purchasing your report.

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Service Robotics Market Report

• What was the Service Robotics Market in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Service Robotics Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Service Robotics Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Media Contact:

Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404

About Us:

Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.

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