Press release
Service Robotics Market Expands with Autonomous Delivery & Warehouse Robots | Major Companies - Hanool Robotics Corporation, KUKA AG, Northrop Grumman Corporation, ECA Group, iRobot Corporation, Gecko Systems Corporation, RedZone Robotics
The global Service Robotics Market was worth $8,640.58 million in 2023 and is expected to grow at a CAGR of 21.26% during the forecast period 2024-2031Service Robotics Market is comprehensively covered in the DataM Intelligence report, which offers critical data, industry trends, and market intelligence. The study delves into the competitive environment, assessing leading players on their product portfolios, pricing, financial health, strategic growth initiatives, and geographic expansion.
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Service robotics refers to the branch of robotics focused on developing robots that assist humans by performing useful tasks in non-industrial environments, such as healthcare, hospitality, logistics, and domestic settings. These robots enhance efficiency, safety, and convenience by automating routine or labor-intensive tasks, often incorporating AI and sensor technologies for autonomous operation.
Major players in the Service Robotics market
The prominent players in Service Robotics market research report are: Hanool Robotics Corporation, KUKA AG, Northrop Grumman Corporation, ECA Group, iRobot Corporation, Gecko Systems Corporation, RedZone Robotics, Yaskawa Electric Corporation, Honda Motors Co. Ltd., SZ DJI Technology Co., Ltd., SIASUN Robot & Automation Co Ltd, Ecovacs Robotics, Canny Elevator Co., Ltd. And Shanghai Xiaomi Robot Technology Co., Ltd.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Service Robotics Market Dynamics
The service robotics market is driven by rising demand for domestic robots, advancements in IoT and engineering, and growing use in logistics, military, and healthcare sectors. Applications in entertainment and training also support growth. However, high capital requirements, limited awareness, and low investments in R&D remain key restraints, especially in developing innovative and application-specific robotic solutions.
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Service Robotics Market Segments
By Operating Environment: Aerial, Land, Underwater
By Type: Personal Application, Professional Application, Defense and Security, Field Robots, Medical Assisting Robots, Logistics & UAV Drones
By Components: Sensors, Actuators, Control Systems, Software, Others
By Verticals: Government, Logistics & Transportation, Agriculture & Mining, Healthcare, Military & Defences, Others
The Service Robotics industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Service Robotics Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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