Personal Service Robotics Market to Witness Healthy CAGR of 17.20% by 2029, Size, Share, Trends, Opportunities, Key Growth Drivers and Future Outlook

Personal Service Robotics Market- Industry Trends and Forecast to 2029" Worldwide Industry Size, Offer and trends analysis during Period. Personal Service Robotics Market report is a thoughtful analysis of the market presenting the propelled situation in the market and additionally plots that guide in its expansion in the coming years. The Personal Service Robotics report assesses a few elements are deciding the market development and additionally the volume of the entire Personal Service Robotics market. The statement expresses the vendor's landscape of the market together with the profiles of the leading market players. The most significant players in the Personal Service Robotics market are likewise discussed in the report.

Personal Service Robotics market analysis report is a historical overview and comprehensive study on the current & future market of the Semiconductors and Electronics industry. This business document puts forward an in-depth evaluation of each crucial aspect of the worldwide market that relates to the market size, market share, market growth factor, key vendors, revenue, top regions, industry trends, product demand, sales volume, capacity, cost structure, and expansion in the market. Smoothness maintained in research method and application of best tools and techniques makes this Personal Service Robotics market research report an exceptional and credible.

Data Bridge Market Research analyses that the personal service robotics market was valued at USD 43,172.61 million in 2021 and is expected to reach USD 153684.19 million by 2029, registering a CAGR of 17.20% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Market Definition

Personal service robots are the robots intended to help humans complete their useful tasks. These robots are primarily brought for performing non-commercial tasks and for self-assistance only. Some of the generally used personal service robots includes automated wheelchair, personal mobility assist robot, it is a domestic servant, and pet exercising robot.04.

Market Opportunities

Growing adoption of swarm intelligence technology
Increasing use of IoT in the robots

Opportunities

Growing adoption of swarm intelligence technology

Swarm robotics is a method for the organization of multiple robots as a system. Swarm robotics have special features in terms of robustness, scalability and flexibility. With the use of swarm intelligence technology robots can easily perform many complex tasks. Moreover, medical research is trying to use this swarm intelligence-based controls technology for nanobots to fight with cancer. The main advantage of this swarm robotics is that the systems become robust. The swarm intelligence also significantly increases the range of service robot applications, which will create immense opportunities for market growth in upcoming years.

Moreover, the rise in the application of robots for handicap help, companionship and the help for the elderly population, the attention on improvising the endurance and the range of operation capability of the robots and the acceptance for the swarm intelligence technology allowing for the robots to perform numerous complex tasks with ease will act as market drivers and increase the beneficial opportunities for the market's growth rate.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

𝐓𝐡𝐞 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐑𝐨𝐛𝐨𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐛𝐲 𝐅𝐢𝐫𝐦𝐬 𝐒𝐮𝐜𝐡 𝐚𝐬

KUKA AG
LELY
ECA GROUP
Accumen Inc.
STRYKER
Harvest CROO Robotics LLC.
STARSHIP TECHNOLOGIES
Parrot Drone SAS.
GENERAL ELECTRIC
AMAZON ROBOTICS
DILIGENT Corporation
AMP
UVD ROBOTS
XAG Co., Ltd.
EXYN TECHNOLOGIES

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The study objectives of this report are:

To study and forecast the market size of Strategy Consulting in global Personal Service Robotics market.
To analyze the global key players, SWOT analysis, value and global market share for top players.
To define, describe and forecast the market by type, end use and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World.
To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
To strategically profile the key players and comprehensively analyze their growth strategies.

Key Market Segments Covered in Personal Service Robotics Industry Research

Component

Hardware
Airframe
Sensors
Cameras
Actuators
Power Supply
Control Systems
Navigation Systems
Propulsion Systems
Others
Software

 Application

Cleaning Robot
Entertainment & Toy Robot
Education Robot
Handicap Assistance Robot
Companion Robot
Personal Transportation Robot
Security Robot

Drivers

Increasing penetration towards domestic robots

The penetration of consumer towards domestic robots, such as mops and robotic floor vacuums significantly increase. Cleaning robots are extensively used in personal capacities. For instance, Pepper is a humanoid manufactured by Softbank and is available on a subscription deal of USD 360 per month over 36 months. Thus, the growing penetration of consumer towards domestic robots are expected to drive the growth rate of the personal service robotics market.

Increasing use of IoT in robots

The Internet of Things (IoT) stands for the digital networking of many systems and machines to generate integrated processes. An IoT-based solution permits parallelly running machine learning (ML) algorithms and storing terabytes of data  on several computers to forecast pinpoint and potential hazards when industrial equipment is expected to fail. Data from many sensors in a robot, such as voltage and heat, are collected on cloud, and the data is examined with ML algorithms. This algorithms are applied to reveal the hidden correlations in datasets and detect the abnormal data patterns. Thus, the growing usage of IoT in personal service robotics are expected to drive the market growth rate.

Furthermore, increasing use of IoT in the robots for cost-efficient analytical maintenance , growing investment for research on the robots, growing insurance coverage for the robotic surgeries and medical exoskeletons are some major factors anticipated to propel the growth of the service robotics market during the forecast period.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

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Personal Service Robotics Market Regional Analysis/Insights

The personal service robotics market is analysed and market size insights and trends are provided by country, component and application as referenced above.

The countries covered in the personal service robotics market report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the automated fingerprint identification system (AFIS) market in terms of market revenue. This is due to growing demand from the healthcare sector for therapy, growing acceptance for surgical robots by hospitals, accessibility of the scientifically advanced service robots and suitable investment scenario for the research on the assistive technologies in this region.

Asia-Pacific is anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the thriving automotive industry and increasing demand for service robotics.

Restraints/ Challenges

Inaccurate results impeding the use of personal service robotics in critical operations

Robots are used in several critical applications, such as bomb diffusion, medical surgeries and security and assistance for senior citizens. However, robots cannot be programmed all possibilities accurately. For instance, robots may not be able for a precise solution in medical surgeries where each human body can create a new challenge. Robots can show technical issues, such as loss of Internet connectivity while performing a critical operation and the occurrence of viruses in programs.

Thus, the imprecise results hindering the use of personal service robotics in critical operations which might further challenge the growth of the service robotics market during the forecast period.

This personal service robotics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the personal service robotics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

There are 15 Chapters to display the Global Personal Service Robotics market

Chapter 1, Definition, Specifications and Classification of Personal Service Robotics , Applications of Personal Service Robotics , Market Segment by Regions;

Chapter 2, Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;

Chapter 3, Technical Data and Manufacturing Plants Analysis of Personal Service Robotics , Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis;

Chapter 4, Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);

Chapter 5 and 6, Regional Market Analysis that includes United States, China, Europe, Japan, Korea & Taiwan, Personal Service Robotics Segment Market Analysis (by Type);

Chapter 7 and 8, The Personal Service Robotics Segment Market Analysis (by Application) Major Manufacturers Analysis of Personal Service Robotics

Chapter 9, Market Trend Analysis, Regional Market Trend, Market Trend by Product Type Invasive Personal Service Robotics, Non-Invasive Personal Service Robotics, Market Trend by Application;

Chapter 10, Regional Marketing Type Analysis, International Trade Type Analysis, Supply Chain Analysis;

Chapter 11, The Consumers Analysis of Global Personal Service Robotics;

Chapter 12, Personal Service Robotics Research Findings and Conclusion, Appendix, methodology and data source;

Chapter 13, 14 and 15, Personal Service Robotics sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

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The Personal Service Robotics Market Report Offers Enlightenment of:

Proficient evaluation of industry, inventions, advancement, latest trends, threats of Personal Service Robotics market.
Details of former years from 2020 to 2020 as well as a forecast for up to 2029.
Key products, regions and main segments comprising applications and types.
An outlook of industry competition along with market driving factors, production capacities, persistent performance, and potentials of companies.

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About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!

About Data Bridge Market Research:

An absolute way to forecast what the future holds is to comprehend the trend today!

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Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

 

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