Service Robotics Market Size in 2023 To 2029 | areIntuitive Surgical (US), DJI (China), Daifuku (Japan), iRobot (US), Samsung Electronics (South Korea), JD.com Inc. (China), DeLaval (Sweden), Kongsberg Maritime (Norway), and Northrop Grumman (US)

The report offers a detailed measurement of the drivers, development, and prospects that have a direct impact on the Service Robotics market. The market study contains an in-depth analysis of the international Service Robotics Market based on the key boundaries that encompass the drivers, sales inquiry, market limits & share. The report further highlights assessing the market size of four key regions, namely North America, Europe, Asia-Pacific, and Rest of World.

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The report profiles key players in the service robotics marketwith their respective market ranking analysis. Prominent players profiled in this report areIntuitive Surgical (US), DJI (China), Daifuku (Japan), iRobot (US), Samsung Electronics (South Korea), JD.com Inc. (China), DeLaval (Sweden), Kongsberg Maritime (Norway), and Northrop Grumman (US) among others.

The research study is considered to guide the readers with an intensive valuation of the current industry trends and breakdown. The report spans the global Service Robotics market research data of different companies, benefits, gross margin, calculated decisions of the worldwide market, and more through tables, charts, and infographics. Other significant aspects studied in this report include demand and supply dynamics, import & export scenarios, R&D development activities, industry developments, and cost structures. In addition, consumption demand and supply figures, cost of production, and selling price of products are also estimated in this report.

This report will help new entrants or stakeholders to acknowledge the complete market dynamics. Service Robotics market report examines the competitive scenario along with the future market landscape with the help of various restrictions such as Porter's five forces and parent/peer market. Consider the portfolios of the key market players working in the market united with the complete detailed study of the products and services they offer. This report will help readers understand the impact of government rules during the Covid-19 pandemic and estimate the market throughout the global pandemic. The Global Service Robotics Market also spotlights the main players working in the sector. Their product portfolio, business policies, company profiles, and revenue share are also thoroughly described in the report. In the end, the study defines the strategies such as partnership, development, collaboration, joint projects, and others executed by the leaders to enhance their status in the sector.

The service robotics market is projected to grow at a CAGR of 15.4% during 2023-2028

The service robotics market is projected to reach USD 84.8 billion by 2028 from USD 41.5 billion in 2023; it is expected to grow at a CAGR of 15.4% from 2023 to 2028. Growing adoption of robots for new applications, surging use of IoT in robots for cost-effective predictive maintenance, and increasing use of disinfection robots due to rising cases of hospital-acquired infections (HAIs) are driving the growth of the service robotics market. Robots are increasingly being adopted for new applications due to advantages such as increased productivity, streamlined processes, and greater workplace safety.

The recession's impact on the service robotics market has been analyzed in this study. The short-term outlook for robot revenues is expected to be worse in the third quarter of 2023.Rising inflation, increasing interest rates, unemployment, and energy crises will lead to slow economic activity. As a result, end-user industries experience deterioration of their businesses, cash flow, and ability to obtain financing, delaying or canceling product purchase plans.

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Research Coverage:

This research report categorizes the service robotics market on the basis oftype, component, environment, application, and geography. The report describes the major drivers, restraints, challenges, and opportunities pertaining to the service robotics market and forecasts the same till 2028(including analysis of recession impact on the market). Apart from these, the report also consists of leadership mapping and analysis of all the companies included in theservice roboticsecosystem.

Key Benefits of Buying the Report

The report would help leaders/new entrants in this market in the following ways:

This report segments the service robotics market comprehensively and provides the closest market size projection for all sub segments across different regions.
The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth.

This release was published on openPR.