Press release
Service Robotics market size is anticipated to reach US$ 187.33 billion by 2030
Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/service-robotics-market-p.php
Global Service Robotics Market will expand at a CAGR of 36.14% between 2022 and 2030. Generally, service robots are intended to assist humans and complete useful tasks, eliminating the industrial and manufacturing automation applications. Their uses could include automated valet security, inventory management, and cleaning tasks. It has been discovered that service robotics significantly lowers labour costs. In comparison to manual labour, service robotics offers faster speeds, higher uptime, and more consistency. These service robots operate by carrying out tasks that are far away, tedious, repetitive, or hazardous. The majority of service robotics is autonomous, while others require the use of an integrated control system.
Robots are frequently used in production lines to help with tasks like vehicle assembly, welding, and painting. While improving the overall efficiency of the manufacturing process, robots also improve the quality and accuracy of various processes. The demand for service robots has also increased as people's understanding of the advantages of robots, R&D spending, and automation in the personal and professional sectors have all increased. Further technical solutions, including robotics powered by AI, are being developed by businesses like ABB so that the e-commerce industry and warehouse operations can fully automate. Global Service Robotics Market will value about US$187.33 Billion by 2030.
Investing in service robotics will be essential to the success of many businesses. It might free up the staff so they can concentrate on providing the best customer experience. The market for service robots is enhancing businesses' capacities and expansion at a rapid rate. Service robotics is being combined with other technologies to give them a stronger competitive advantage. As a result, the market for service robots has seen growth in various industries, including personal applications and healthcare. Furthermore, a number of robot manufacturers are concentrating on creating robots that can manage check-in and check-out procedures and deliver food, which will increase demand for these robots.
Medical robotics is set to thrive in the service robotics market and volume due to its transformative impact on healthcare.
The increased applicability of robot-assisted training in Rehabilitation Therapy is the primary factor driving market growth. Robotic Rehabilitation Therapy provides high-dosage, high-intensity training, making it suitable for patients suffering from motor disorders caused by stroke or spinal cord disease. Robotic devices for motor rehabilitation are made up of an end-effector and an exoskeleton. The application of robot-assisted therapy is the improvement of gait function in stroke patients. Clinicians can use robotic surgery to perform delicate and complex procedures that would have been difficult to perform with other methods. The controls enforced are due to Medical Robots' security considerations. Many factors can contribute to Medical Robot safety issues, including human error when incorrect instructions are fed into the robotic system. A system error can also occur, such as software triggering hardware. The initial cost of introducing Medical Robots into hospitals is a challenge to overcome.
Segments - Global Services Robotics Market and Volume has been covered from five viewpoints.
1. Transportation & Logistics
2. Professional Cleaning
3. Medical Robotics
4. Hospitality
5. Agriculture & Field
With strategic investments, and a strong entrepreneurial spirit, the United States is positioned to lead the growth of the service robotics market in North America.
The United States has advanced technological infrastructure, robust research institutions, and a culture of innovation that fosters rapid development and adoption of service robotics across industries. The country's well-established healthcare sector and aging population drive demand for medical and assistive robots. Furthermore, a thriving e-commerce landscape and the need for automation in logistics contribute to the expansion of service robots in commercial settings.
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North America - Global Services Robotics Market has been covered from four viewpoints:
1. United States
2. Canada
3. Mexico
4. Others
Europe Germany is poised to continue spearheading the growth of the service robotics market in Europe.
The nation has robust industrial base and engineering expertise which positions it as a leader in manufacturing and automation. Germany's strategic investments in research and development drive innovation across sectors, from manufacturing and healthcare to logistics and agriculture. A well-established ecosystem of academic institutions, startups, and established companies propels advancements in service robotics. Moreover, Germany's commitment to Industry 4.0 and digital transformation fuels demand for collaborative robots and automation solutions.
Europe - Global Services Robotics Market has been covered from five viewpoints:
1. France
2. Germany
3. Italy
4. Spain
5. Others
Japan is well-positioned to continue leading the growth of the service robotics market in Asia/Australia due to its strong industry collaboration, and history of robotics innovation.
Due to its long history of technological advancement and innovative culture, Japan has quickly become the competitor with the fastest rate of growth in the Asian service robotics market. The nation's aging population and labor shortages drive demand for robots in healthcare, eldercare, and hospitality sectors. Japan's advanced robotics research and development ecosystem, coupled with favorable government initiatives, fosters cutting-edge solutions. Moreover, the country's deep-rooted robotics heritage and emphasis on precision engineering have propelled the adoption of service robots in manufacturing and automation.
Asia/Australia - Global Services Robotics Market has been covered from six viewpoints:
1. China
2. India
3. Japan
4. Republic of Korea
5. Thailand
6. Others
Competitive Landscape.
Companies like KUKA, iRobot, Intuitive Surgical, Panasonic, Fanuc, ABB Ltd., and Stryker Corporation are active in the global services robotics market.
Company Insights.
• Oveview
• Recent Development and Initiatives
• Sales Analysis
Company Analysis:
1. KUKA
2. iRobot Corporation
3. Intuitive Surgical Inc
4. Panasonic Corporation
5. Fanuc
6. ABB Ltd
7. Stryker Corporation.
Related Reports
Industrial Robotics Market: https://www.renub.com/industrial-robotics-market-p.php
Medical Robotics Market: https://www.renub.com/medical-robotics-market-p.php
Global Robotics Market: https://www.renub.com/global-robotics-market-volume-and-forecast-962-p.php
Ophthalmic Devices Market: https://www.renub.com/ophthalmic-devices-market-p.php
India Home Automation Market: https://www.renub.com/india-home-automation-market-by-types-lighting-security-heating-ventilating-and-air-conditioning-hvac-entertainment-by-user-residential-commercial-and-hospitality-company-profiles-and-forecast-1013-p.php
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