Service Robotics Systems Market 2023-2030 | Availability of Affordable Service Robots to Drive Market Growth

Service Robotics Systems are machines that help humans by performing useful tasks for them. They are majorly classified as robots used for professional use and personal use. Further, according to application, they are categorized as domestic and industrial. The domestic segment consists of all the robots used for personal applications and indoor uses. The use of IoT-based devices in homes and the introduction of precise and more affordable home-use robots are the reasons behind the increasing adoption of domestic robots across geographies. The industrial/commercial segment deals with the equipment used in the industrial environment to perform industry-related tasks. Constant efforts toward the inculcation of automation at industrial facilities and reducing the expenditure on labor wages by reducing human intervention in industrial operations are driving the growth of Service Robotics Systems Market.

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Service Robotics Systems Market size was valued at USD 16.21 billion in 2022. The market is projected to grow from USD 18.08 billion in 2023 to USD 60.35 billion by 2030, exhibiting a CAGR of 17.4% during the forecast period 2023-2030. Due to rapid technological advancements and rise in production of robots, the cost of making robots has gone down significantly. The average cost of a robot has reduced by half in real terms, and even further when compared to labor costs. Furthermore, owing to the rising demand for robots from emerging economies, it is anticipated that the production of robots will shift to low-cost regions, further reducing the manufacturing cost. In addition, rising labor costs as compared to the cost of robots in major manufacturing economies also contribute to increasingly attractive pricing dynamics, thus helping Service Robotics Systems Market growth.

Profitable players of the Service Robotics Systems market are:

• Northrop Grumman
• iRobot Corporation
• Delaval Group
• Amazon
• Kuka
• Yaskawa Electric
• Lely Group
• Adept Technology
• Honda Motor
• Kongsberg Maritime
• Aethon
• Geckosystems Intl
• Google
• Bluefin Robotics
• ECA Group

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Product types of the Service Robotics Systems industry are:

• Ground Service Robotics System
• Aerial Service Robotics System
• Underwater Service Robotics System
• Mobile Service Robotics System
• Others

Applications of this report are:

• BFSI
• Consumer Goods and Retail
• Manufacturing
• Healthcare
• Government
• Others

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Essential regions of the Service Robotics Systems market are:

- Service Robotics Systems North America Market includes (Canada, Mexico, USA)
- Service Robotics Systems Europe Market includes (Germany, France, Great Britain, Italy, Spain, Russia)
- Service Robotics Systems Asia-Pacific Market includes (China, Japan, India, South Korea, Australia)
- Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa)
- Service Robotics Systems South America Market includes (Brazil, Argentina)

Global Service Robotics Systems Market Research FAQs

- What is the study period of this market?
- What is the growth rate of Service Robotics Systems Market?
- What is Service Robotics Systems Market size?
- Which region has highest growth rate in Service Robotics Systems Market?
- Which region has largest share in Service Robotics Systems Market?
- Who are the key players in Service Robotics Systems Market?

The Service Robotics Systems market research report contains the following TOC:
1 Report Overview
1.1 Study Scope
2 Global Growth Trends
2.1 Global Market Perspective (2017-2030)
2.2 Growth Trends by Regions
2.3 Global Industry Dynamic
3 Competition Landscape by Key Players
3.1 Global Top Players by Revenue
3.2 Global Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Service Robotics Systems Revenue
4 Global Breakdown Data by Provider
4.1 Historic Market Size by Provider (2017-2023)
4.2 Forecasted Market Size by Provider (2023-2030)
5 Breakdown Data by End User
5.1 Historic Market Size by End User (2017-2023)
5.2 Forecasted Market Size by End User (2023-2030)
6 North America
7 Europe
8 Asia-Pacific
9 Latin America
10 Middle East and Africa
11 Key Players Profiles
12 Analyst's Viewpoints/Conclusions
13 Appendix…

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