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Service Robotics Market 2021 Size-Share with Top Companies, Regional Growth Rate, Trends Future Opportunities and Global Industry Analysis Forecast to 2027 | Intuitive Surgical, iRobot Corporation, Dyson, Neato Robotics, Sharp, Toshiba, Panasonic, Kuka

10-13-2021 10:22 AM CET | Industry, Real Estate & Construction

Press release from: Market Insights Reports

The “Service Robotics Market” provides analysis and insights relating to the many factors expected to be rife throughout the forecast amount whereas providing their impacts on the Market’s growth. The increase within the aviation sector is escalating the expansion of the market. On the other hand, the high value associated with the services is foreseen to hinder the market growth. Lack of practised professionals and specialists is projected to challenge the Service Robotics Market within the forecast amount of 2021-2027.

The Service Robotics Market length is anticipated to develop at a CAGR of 23.9% for 2021-2027.

The rise in customer-centricity within the aviation trade acts collectively of the key factors driving the expansion of the market. The study includes information on rising players, as well as the competitive landscape, revenue, revenue and world market share of the key manufacturers: Intuitive Surgical, iRobot Corporation, Dyson, Neato Robotics, Sharp, Toshiba, Panasonic, Kuka

Recent Developments

In September 2020, SoftBank Robotics Group and Bear Robotics, a robotics and artificial intelligence company collaborated to develop a new robot named SERVI for use in the foodservice and hospitality industry.
In February 2020, Intuitive Surgical has acquired Orpheus Medical to expand its integrated informatics platform as Orpheus Medical provides hospitals with information technology connections, as well as expertise in processing and archiving surgical videos easily
In January 2020, iRobot partnered with If This Then That (IFTTT) – a leading integration and discovery platform for web services – to enable new embedded smdart home integrations. Through IFTTT, iRobot wants to integrate devices and services such as smart thermostats and lighting and home security directly within the iRobot HOME App.

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on the concept of varieties, the market from 2021 to 2027 is primarily split into:

Personal Service Robotics
Professional Service Robotics

on the idea of applications, the market from 2021 to 2027 covers:

Household Robots
Education/Entertainment Robots
Nursing/Rehabilitation Robots
Medical Robots
Agriculture, Forestry, Livestock Farming and Fisheries Robots
Logistic Robots
Others

The service Robotics Market in APAC estimated to grow at the fastest rate during the forecast period

The service robotics market in APAC is expected to grow at the highest rate during the forecast period. This is because of the presence of countries such as Japan, China, and Korea, which, according to IFR, in 2017, were the fourth-, fifth-, and sixth-largest manufacturers of service robots. Also, the rise in disposable income due to increasing industrialization in developing countries such as India and the Philippines is expected to increase the demand for service robots. The oil & gas industry in APAC has witnessed significant growth in the past 2–3 years, which is leading to high demand for autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs). There is an increasing trend of automation and globalization in India, Australia, and China, which is further boosting the service robotics market in APAC.

Regional Service Robotics Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Key edges for Service Robotics Market:

This study contains an Associate in Nursing analytical depiction of the Service Robotics market trends with current trends and future estimations to depict the approaching investment pockets.
the worldwide market research report presents info related to key drivers, restraints, and opportunities with elaborate impact analysis.
Porter’s 5 forces analysis illustrates the efficiency of the patrons and suppliers within the Service Robotics market share.
The study conjointly contains the Service Robotics market chance that helps key players in deciding.
The leading players within the trade predict a high revenue margin from Service Robotics market returns.

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FREQUENTLY ASKED QUESTIONS-FAQ?

Q1. What is the entire market value of the Service Robotics Market report?

Q2. What would be the forecast amount at intervals in the market report?

Q3. What's the market price of the Service Robotics Market in 2021?

Q6. Those square measures the highest firms holding the market share within the Service Robotics Market

Q7. Those square measures the key matured markets growing at intervals the Service Robotics Market report

Q8. That is that the foremost influencing phase growing at intervals is the Service Robotics Market report

Effect of COVID-19:

The Global Market report investigates the result of Coronavirus (COVID-19) on the trade. Since Dec 2019, the COVID-19 infection has unfolded to 180+ nations around the world with the World Health Organization saying it is a general well-being crisis. The worldwide effects of the Covid infection 2019 (COVID-19) square measure currently beginning to be felt, and may primarily influence the market in 2020

We conjointly supply customizations in reports supported specific client requirements:

The Global Service Robotics Market report is also changed to satisfy your specific business wants. As a result of we tend to perceive what our purchasers need, we provide the twenty-fifth customization for any of our middle reports at no further value to any or all or any of our purchasers.

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Market Intelligence information provides syndicated research on trade verticals as well as aid, info and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, significant trade, etc. Market Intelligence information provides world and regional market intelligence coverage, a 360-degree market read which contains applied math forecasts, competitive landscape, elaborate segmentation, key trends, and strategic recommendations.

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