Press release
Service Robotics Market Detailed Analysis of Current Industry Figures with Forecasts 2030 At a CAGR of 21.2%
Service Robotics Market
Top Market Players:
iRobot Corporation, Intuitive Surgical Inc, Honda Motor Co., Ltd., Panasonic Corporation, Aethon Inc., Yujin Robot Co. Ltd., Samsung Electronic CO., Ltd., DeLaval, robert bosch gmbh, AB Electrolux
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A service robot is a robot that performs useful and dangerous task for humans. These robots are used in various applications such as construction, medical, field, logistics, domestic, and entertainment. Applications of service robots depend upon their use and operation in end user industries. For example, disinfection robots are used to disinfect surroundings in healthcare establishments, medical premises airports, and public places. Professional service robots are used in commercial tasks and personal service robots are used in domestic or non-commercial tasks.
The service robotics market size was valued at $21.7 billion in 2020, and is estimated to reach $153.7 billion by 2030, growing at a CAGR of 21.2% from 2021 to 2030.
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Furthermore, key players in service robotics have implemented various strategic moves such as product launch, collaboration, and partnership to strengthen their service robotics market position. For instance, in January 2020, iRobot partnered with IFTTT, If This Then That, a leading integration and AI platform provider for web services. It helped iRobot to integrate its device and services such as lightning and smart thermostats as well as home security directly with the iRobot Home application.
Key Findings Of The Study
• The report provides an extensive analysis of the current and emerging service robotics market trends and dynamics.
• Depending on application, the healthcare segment dominated the market, in terms of revenue in 2020 and the construction segment is projected to grow at a significant CAGR during the forecast period.
• By type, the professional service robotics segment has registered highest revenue in 2020
• Asia-Pacific is projected to register highest growth rate in the coming years.
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