Press release
Service Robotics Market Set to Reach USD 84.8 Billion by 2028, at a CAGR of 15.4%
Service Robotics Market
The global Service Robotics Market [https://www.marketsandmarkets.com/Market-Reports/service-robotics-market-681.html] is poised for substantial growth, with MarketsandMarkets projecting its value to surge from USD 41.5 billion in 2023 to USD 84.8 billion by 2028. This represents an impressive Compound Annual Growth Rate (CAGR) of 15.4% during the forecast period. These insights are derived from the latest report by MarketsandMarkets, a leading market research and consulting firm.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=681 [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=681&utm_source=ABNewswire+&utm_medium=Referral&utm_campaign=PAID-PR]
[https://www.marketsandmarkets.com/Market-Reports/service-robotics-market-681.html]
Key Segments in the Market:
Type:
* Professional Service Robots
* Personal Service Robots
Application:
* Healthcare
* Defense
* Logistics
* Field
* Entertainment
* Domestic
Component:
* Hardware
* Software
Region:
* North America
* Europe
* Asia Pacific
* Rest of the World
Inquire Before Buying @
[https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=681&utm_source=ABNewswire+&utm_medium=Referral&utm_campaign=PAID-PR]
Growth Drivers:
Several factors are driving the growth of the global service robotics market, including:
Rising Demand for Automation: The increasing need for automation across various industries to enhance efficiency, productivity, and safety is fueling the demand for service robots. These robots can perform tasks autonomously, reducing human intervention and streamlining operations.
Technological Advancements: Rapid advancements in robotics technology, including Artificial Intelligence (AI), Machine Learning (ML), and Sensor Technology, are enabling the development of more sophisticated and intelligent service robots capable of performing complex tasks with precision and accuracy.
Growing Aging Population: The aging population worldwide is driving the demand for healthcare service robots to assist in eldercare and healthcare facilities. These robots can provide support in activities of daily living, monitoring vital signs, and medication management, among other tasks.
Challenges:
Despite the positive growth outlook, the service robotics market faces certain challenges, including:
High Initial Investment: The high cost associated with the development, deployment, and maintenance of service robots may pose a challenge for smaller organizations and emerging economies, limiting adoption and market growth.
Safety Concerns: Ensuring the safety of humans and property in the presence of autonomous robots remains a critical challenge. Addressing safety concerns and implementing robust safety measures is essential to building trust and acceptance of service robots in various applications.
View detailed Table of Content here -
https://www.marketsandmarkets.com/Market-Reports/service-robotics-market-681.html
Opportunities:
The market presents several opportunities for growth, including:
Expanding Applications: The expanding range of applications for service robots across industries such as healthcare, defense, logistics, and entertainment presents significant growth opportunities. Service robots can be deployed in diverse environments and perform a wide range of tasks, driving market expansion.
Integration of Advanced Technologies: Integrating advanced technologies such as Artificial Intelligence, Internet of Things (IoT), and Cloud Computing with service robots can enhance their capabilities and functionality, unlocking new opportunities for innovation and market growth.
Key Players:
Key Players operating in the Global Service Robotics Market include:
* iRobot Corporation
* Intuitive Surgical, Inc.
* DJI
* SoftBank Robotics Group
* KUKA AG
* Amazon Robotics
* Northrop Grumman Corporation
Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=service-robotics-market-set-to-reach-usd-848-billion-by-2028-at-a-cagr-of-154]
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/service-robotics-market-681.html
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Service Robotics Market Set to Reach USD 84.8 Billion by 2028, at a CAGR of 15.4% here
News-ID: 3452872 • Views: …
More Releases from ABNewswire
Primary Ciliary Dyskinesia Market Positioned for Accelerated Development Through …
The Key Primary Ciliary Dyskinesia Companies in the market include - RReCode Therapeutics, University of North Carolina, Parion Sciences, Ethris GmbH, and others.
DelveInsight's "Primary Ciliary Dyskinesia Market Insights, Epidemiology, and Market Forecast-2034 report offers an in-depth understanding of the Primary Ciliary Dyskinesia, historical and forecasted epidemiology as well as the Primary Ciliary Dyskinesia market trends in the United States, EU4 (Germany, Spain, Italy, France) the United Kingdom and Japan.
To Know…
Affordable 2025 MLB Postseason Tickets with Promo Code CHEAP at CapitalCityTicke …
Get affordable 2025 MLB Postseason tickets for the Phillies, Blue Jays, Brewers, and Mariners at CapitalCityTickets.com. Enjoy home and away games with verified, budget-friendly seating options for all levels. Use promo code CHEAP to unlock extra savings and secure your seats quickly with instant digital delivery. Don't miss the excitement of the MLB playoffs-score your postseason tickets online today!
The 2025 MLB postseason is underway, delivering edge-of-your-seat action as 12 teams…
An Observer's Portrayal of the October 7 Tragedy and Its Global Consequences
In Before and After Israel's 9/11 - Aftermath of the October 7 Catastrophe, and Rays of Hope, author Helen Birnbaum presents a compelling reflection on one of the darkest days in Israel's history. Through thoughtful narrative, historical context, and deeply human perspectives, she sheds light not only on the violence of October 7 but also on the quiet resilience and ongoing efforts to heal and rebuild.
The book opens with the…
New Fashion Startup The Casual Lady Donates Homecoming Gown to Local Student, La …
Despite being a newly launched fashion company, The Casual Lady demonstrates early commitment to community support by donating a homecoming gown to a local high school student. The startup, focused on combining comfort with style for everyday women, plans to expand charitable giving as the company grows.
Community involvement often takes years for businesses to develop, but The Casual Lady is challenging that timeline by launching their company with immediate charitable…
More Releases for Robotics
Humanoid Robot Market Top Companies Study- SoftBank Robotics, ROBOTIS, Agility R …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Humanoid Robot Market - (By Component (Hardware (Sensors (Gyroscopes, Microphones, Accelerometers, Tilt sensors, Force/Torque sensors, Position sensors, Vision/Image sensors, Others), Actuators (Electrical, Pneumatic, Hydraulic, Piezoelectric, Ultrasonic), Power Sources, Control Systems/Controllers, Others), Software), By Motion Type (Biped, Wheel drive), By Application (Research and Space Exploration, Education and Entertainment, Personal Assistance and Caregiving, Search and Rescue, Public…
Edible Soft Robotics Market Worth Observing Growth | Rethink Robotics, ReWalk Ro …
Advance Market Analytics published a new research publication on "Edible Soft Robotics Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Edible Soft Robotics market was mainly driven by the increasing R&D spending across the world.
Get inside Scoop of the…
Humanoid Robot Market Top Players - SoftBank Robotics, ROBOTIS, Agility Robotics …
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the " Humanoid Robot Market - (By Component (Hardware (Sensors (Gyroscopes, Microphones, Accelerometers, Tilt sensors, Force/Torque sensors, Position sensors, Vision/Image sensors, Others), Actuators (Electrical, Pneumatic, Hydraulic, Piezoelectric, Ultrasonic), Power Sources, Control Systems/Controllers, Others), Software), By Motion Type (Biped, Wheel drive), By Application (Research and Space Exploration, Education and Entertainment, Personal Assistance and Caregiving, Search and Rescue, Public…
Robotics Software Platforms Market 2023 | Futuristic Technology- RoboDK, KUKA, F …
The Robotics Software Platforms research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Robotics Software Platforms research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
Download FREE Sample Report…
Edible Soft Robotics Market is Booming Worldwide with Rethink Robotics, ReWalk R …
Latest released Global Edible Soft Robotics Market Research Report provides detailed assessment about Key and emerging Players highlighting profiles, product portfolio, market price, and sales revenue to better derive market size estimation. With this evaluation the aim is to throw lights on Future trends, Growth Factors, opinions and facts derived from industry executives with statistically supported and validated market data. Furthermore, a clear explanation of How or Why this market…
Rehabilitation Robotics Market 2025 - Kinova Robotics, Rehab-Robotics Company, T …
Rehabilitation Robotics market is evaluated based on two segments i.e., by type and application and covers essential statistics and details for current and future market scenarios. The report actively includes informative aspects relating to product developments, launches, and trends, to assist market players, shareholders, and investors in strategic decision making.
Check for the sample here - https://www.premiummarketinsights.com/sample/TIP00000795 …
