Service Robotics Market Latest Innovations, Demand and Business Outlook by 2026

The Service Robotics Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Service Robotics market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Service Robotics market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Service Robotics market.

The service Robotics market was valued at USD 23577.1 million in 2020 and expected to reach USD 212619.7 million by 2026 and grow at a CAGR of 44.9% over the forecast period (2021 - 2026).

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Top Leading Companies of Service Robotics Market are - Daifuku Co. Ltd, Dematic Corp., Swisslog Holding AG (KUKA), Seegrid Corporation, Omron Corporation, JBT Corporation, SSI Schaefer AG, Grenzebach GmbH & Co. KG, Smith & Nephew PLC, Stryker Corp., Intuitive Surgical Inc., Knightscope Inc., Kollmorgen Corporation, Brokk AB, Husqvarna AB, Construction Robotics LLC, iRobot Corporation, Ecovacs Robotics, Neato Robotics, Transbotics Corporation, Medtronic PLC, Northrop Grumman, BAE Systems, UBTECH Robotics Inc., SMP Robotics Systems Corp., Vision Robotics Corporation, Naio Technologies SAS and others.

Industry News and Updates:

- October 2018 - Dematic planned to implement a robotic order fulfillment system for the Drakes Supermarket, an independent grocery retailer based in Australia. The robotic system was used to pick inventory items for retail store replenishment, by using a goods-to-robot configuration.

Key Market Trends:

Professional Use of Robots to Account for a Significant Share in the Market

- Professional robots consist of field robots, defense and security robots, medical assisting robots (MAR), public assistant robots, electrical industry robots, and robots for construction purposes.
- The construction industry has adopted service robots to overcome challenges like heavy labor cost, labor shortage, and labor accidents. It also helps in constructing more reliable buildings since there is less chance of human errors. Technologies like, 3D printing robots and demolition robots further acts as a catalyst in the adoption of robots in the construction sector.

Asia-Pacific to Register a Significant Growth Rate Over the Forecast Period

- Asia-Pacific is one of the fastest growing regions across the world. It also holds the largest market over the forecast period, owing to the significant adoption of service robots in China, Japan, and India, among others.
- Regional governments are also a major factor for the development of a regional robotics market. For instance, India plans to invest in military robotics, and the country is preparing for deploying advanced robotic soldier by 2023.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Service Robotics Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Service Robotics Market (%),2016 - 2026
- Service Robotics Market Share, By Brand
- Service Robotics Market Share, By Company
- Service Robotics Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Service Robotics Market Value Analysis & Forecast
- Promising Service Robotics Development by Major Companies
- Detailed Service Robotics Portfolio of the Major Companies
- Major Deals in the Service Robotics Market
- Major Companies Analysis

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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