Service Robotics Market 2022 Analysis by Global Manufacturers – Murata Machinery Ltd, Knightscope Inc., Omron Adept Technology, Inc., SSI Schaefer AG, Stryker Corp

The research report studies the Service Robotics market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each place is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The data analysts have used primary and secondary methodologies to consolidate the information in the report.. They have also used the same data to generate the current business scenario. This report also provides an analysis of the impact of the COVID-19 pandemic on Service Robotics Industry.

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

Top Leading Companies of Global Service Robotics Market are Murata Machinery Ltd, Knightscope Inc., Omron Adept Technology, Inc., SSI Schaefer AG, Stryker Corp., Grenzebach GmbH & Co. KG, Daifuku Co. Ltd, Intuitive Surgical Inc., Bastian Solutions Inc., Swisslog Holding AG (KUKA), Honda Motor Co. Ltd, JBT Corporation, Smith & Nephew PLC, SZ DJI Technology Co. Ltd, Dematic Corp., Kollmorgen Corporation and others.

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Regional Analysis:

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

The 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.

Regional governments are also a significant factor in the development of a regional robotics market. For instance, India plans to invest in military robotics, and the country is preparing to deploy advanced robotic soldiers by 2023.

The Chinese government has ambitious plans for the country's robotics industry. The government has listed the robotics industry, along with AI and automation, as one of the priority sectors for high-end development to push forward the transformation and up-gradation of the manufacturing industry. This push is expected to raise the global market share of Chinese-made robots.

Industry News and Updates:

February 2020 - ABB Limited and Covariant announced a partnership to bring AI-enabled robotics solutions to market, starting with a fully autonomous warehouse order fulfillment solution, and the partnership brings together the two companies with a common vision for robotics enabled by AI, where intelligent robots work alongside humans in dynamic environments, collectively learning and improving with every task completed.

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.

By Types:

Professional

Personal

By Application(Service Robotics)

Logistics

Military and Defense

Medical and Healthcare

Public Relations

Construction

Agriculture         

The regions are further sub-divided into:

-North America  – US, Canada, and Mexico
-Europe  – UK, Germany, France, Italy, Russia, Spain & Rest of Europe
-Asia-Pacific  – China, India, Japan, South Korea, Australia & Rest of APAC
-Latin America  – Brazil, Argentina, Peru, Chile & Rest of Latin America
-Middle East and Africa – Saudi Arabia, UAE, Israel, South Africa

Integrated Service Robotics Market Report Highlights:

-Detailed overview of the parent market
-Changing market dynamics in the industry
-In-depth market segmentation
-Historical, current and projected market size in terms of volume and value
-Recent industry trends and developments
-Competitive landscape
-Strategies of key players and products offered
-Potential and niche segments, geographical regions exhibiting promising growth
-A neutral perspective on market performance

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Key Questions Answered in the Global Service Robotics Industry Report

What will be the Service Robotics market size?
What are the new opportunities?
What is the market share?
What are targeted audiences?
Which are the top players in Service Robotics market?
How the competition goes in the future?
Which are the leading countries?
What are the challenges in future?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. Further, it also allows you to do valuable competitor research to get inspiration for marketing the products. When it comes to satisfaction, it is necessary to get definitive idea about what is exactly going in the market. This report exactly provides overall market scenario.

Report Customization:

Global Service Robotics Market, report can be customized according to your business requirements as we recognize what our clients want, we have extended 15% customization at no additional cost to all our clients for any of our syndicated reports.

In addition to customization of our reports, we also offer fully tailored research solutions to our clients in all industries we track.

Our research and insights help our clients in identifying compatible business partners.

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