Press release
Emerging Trends to Reshape the Global Service Robotics Market: Pudu's Mapping Technology And The Rise Of AI-Driven Interactions as a Key Influencer
Service Robotics Market
Service Robotics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of service robotics has seen a substantial increase in the recent past. The market, which is projected to be valued at $60.61 billion in 2024, is expected to escalate to $76.01 billion in 2025, indicating a compound annual growth rate (CAGR) of 25.4%. This surge in the previous period is owing to factors such as automation and workforce scarcity, elderly population, health care necessities, challenging and dangerous conditions, and adoption in the service industry.
Service Robotics Market Size Forecast: What's the Projected Valuation by 2029?
The market size for service robotics is projected to experience a substantial surge in the upcoming years, reaching a whopping $207.32 billion by 2029 with a 28.5% Compound Annual Growth Rate (CAGR). Multiple factors contribute to this growth, which include investment in research and development, regulatory adjustments, consumer robotics, initiatives pertaining to smart cities, and robotics-as-a-service (RaaS). Some of the significant trends that we can expect to see in the forecast period include adaptable and flexible robots, initiatives related to sustainability, digitalization of data security measures and privacy, healthcare robotics, and the incorporation of artificial intelligence.
View the full report here:
https://www.thebusinessresearchcompany.com/report/service-robotics-global-market-report
What Are the Drivers Transforming the Service Robotics Market?
The surge in requirements for robots within the healthcare field is anticipated to propel the expansion of the service robotics market. The healthcare industry encompasses firms manufacturing medical equipment and medications, in addition to those offering medical services. The regular logistical tasks in the healthcare sector are managed by service robots, which helps alleviate the daily strain on healthcare workers. This also enables them to dedicate more time to addressing immediate patient needs, thereby enhancing the standard of patient care provided. For example, the International Federation of Robotics, a German non-profit organization that champions, fortifies, and safeguards the global robotics industry, reported in June 2023 that the amount of industrial robot installations in Europe had risen by 6% from 2021, reaching 72,000 units in 2022. Hence, the escalating demand for robots in the healthcare field fuels the service robotics market's growth.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8213&type=smp
What Long-Term Trends Will Define the Future of the Service Robotics Market?
Prominent firms in the service robotics market are keen on innovating new technological approaches like Pudu's proprietary mapping technology to increase operational efficiency, better customer interaction, and widen the applications of their service robots in numerous sectors. The exceptional mapping technology of Pudu allows their service robots to accurately navigate and dodge obstacles in dynamic settings. For example, a technology entity in China rolled out BellaBot Pro in April 2024. BellaBot Pro employs artificial intelligence to provide custom greetings and communication with clients, encompassing enhanced abilities to identify dishes, which refines dining by precisely recognizing food on the menu.
Which Segments in the Service Robotics Market Offer the Most Profit Potential?
The service roboticsmarket covered in this report is segmented -
1) By Type: Professional, Personal And Domestic
2) By Component: Hardware, Software
3) By Environment: Aerial, Ground, Marine
4) By End-User: Healthcare, Defense, Electronics, Automotive, Transportation, Construction, Other End Users
Subsegments:
1) By Professional: Healthcare Robots, Logistics Robots, Agriculture Robots, Security And Surveillance Robots, Cleaning Robots, Construction Robots
2) By Personal: Companion Robots, Entertainment Robots, Educational Robots, Assistance Robots
3) By Domestic: Vacuum Cleaning Robots, Lawn Mowing Robots, Pool Cleaning Robots, Window Cleaning Robots, Home Security Robots
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8213&type=smp
Which Firms Dominate the Service Robotics Market by Market Share and Revenue in 2025?
Major companies operating in the service robotics market are Parrot SA, Aethon Inc., Honda Motor Co. Ltd., Panasonic Holdings Corporation, Yujin Robot Co. Ltd., Samsung Group, iRobot Corporation, Robert Bosch GmbH, Kongsberg Maritime, Daifuku Co. Ltd., Omron Corporation, SoftBank Group Corp., Boston Dynamics Inc., ABB Robotics, KUKA Roboter GmbH, FANUC Robotics America Inc., Yaskawa Motoman Robotics Inc., Universal Robots A/S, Clearpath Robotics Inc., Fetch Robotics Inc., Locus Robotics, Sarcos Robotics, Knightscope Inc., Seegrid Corporation, Simbe Robotics Inc.
Which Regions Offer the Highest Growth Potential in the Service Robotics Market?
North America was the largest region in the service robotics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the service robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8213
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Emerging Trends to Reshape the Global Service Robotics Market: Pudu's Mapping Technology And The Rise Of AI-Driven Interactions as a Key Influencer here
News-ID: 4226395 • Views: …
More Releases from The Business Research Company
Leading Companies Spearheading Innovation and Growth in the Automotive X-By-Wire …
The automotive industry is undergoing a major transformation driven by innovative technologies that replace traditional mechanical linkages with electronic controls. Among these advancements, automotive x-by-wire systems are gaining significant attention for their potential to improve vehicle performance, safety, and efficiency. Let's explore the market size, key players, dominant trends, and segmentation within this rapidly evolving sector.
Projected Market Size and Growth of the Automotive X-By-Wire Systems Market
The automotive x-by-wire…
Automotive Vehicle to Everything (V2X) Communications Market Overview: Major Seg …
The automotive vehicle-to-everything (V2X) communications market is positioned for rapid expansion over the coming years as advanced technologies reshape transportation. With innovations in connectivity and safety playing critical roles, the market is set to evolve significantly, impacting how vehicles interact with each other and their surroundings. Below is an overview of the market's growth prospects, leading companies, emerging trends, and key segments shaping this dynamic industry.
Forecast for Growth in the…
Key Players and Competitive Environment in the Automotive Windshield Market
The automotive windshield market is on track for significant expansion in the coming years, driven by technological advancements and evolving vehicle designs. With the rise of electric and autonomous vehicles, alongside innovations in safety and display integration, this sector is set to see remarkable growth. Let's explore the market size forecasts, key players, emerging trends, and the segmentation that shapes this dynamic industry.
Forecasted Growth and Market Size of the Automotive…
Leading Companies Solidify Their Presence in the Autonomous Boats Market
The autonomous boats sector is gaining significant traction as technological advancements and industry demands evolve. With increasing interest in unmanned operations and sustainable marine solutions, this market is set for notable expansion over the coming years. Let's explore the current market size, key players, emerging trends, and segmentation to understand the direction this innovative industry is heading.
Projected Growth and Market Size of Autonomous Boats
The autonomous boats market is…
More Releases for Robot
RoboPaw Robot Puppy Review: Is This Robot Dog Worth Buying?
RoboPaw Robot Puppy Review: Is This Robot Dog Worth Buying?
The rise of smart robotic pets has transformed how families introduce companionship, creativity, and safe entertainment into their daily routines. Among the newest innovations gaining massive attention is the RoboPaw Robot Puppy, a highly interactive, expressive, and surprisingly intelligent robotic companion designed for kids, adults, and even seniors who want play, comfort, and engagement without the responsibility of a real pet.
The…
Wuffy Robot Dog Reviews: All Truth about Wuffy Robot Dog (wuffy the robot dog)
Parents around the world are asking the same question right now: can a robot puppy really replace some of the comfort and fun of a real dog? In a time when many families live in apartments, juggle allergies, or simply cannot handle the responsibility of a pet, wuffy robot dog reviews are starting to stand out online for one simple reason. This is not another plastic gadget that flashes once…
Major Market Shift in Robot Kitchen Industry: Robot-Operated Or AI-Powered Resta …
What Is the Forecasted Market Size and Growth Rate for the Robot Kitchen Market?
The robot kitchen market has grown strongly in recent years. It is projected to grow from $3.35 billion in 2024 to $3.66 billion in 2025, at a CAGR of 9.3%. The growth is driven by automation and efficiency, rising labor costs, consumer demand for convenience, innovation and competition, and the emphasis on food safety and hygiene.
The robot…
AI Robot Toy Market Likely to Enjoy Massive Growth (2024-2029)ROYBI AI Robot , D …
According to HTF Market Intelligence, the Global AI Robot Toy market to witness a CAGR of 17.8% during the forecast period (2024-2029). The Latest Released AI Robot Toy Market Research assesses the future growth potential of the AI Robot Toy market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify…
TPA Robot launches a new industrial linear robot
The single axis robot KK Series, developed by TPA ROBOT, uses partially hardened U-shaped steel base track to significantly increase the robot's strength and load capacity. Due to the different environments, we have three type of linear robot series, KSR, KNR and KFR, depending on the type of cover used.
For the return system between the track and the slider, the contact surface between the ball and the ball groove adopts…
Robot Battery Market 2023- 2028 Global Insights by Industry Volume, Opportunitie …
The Robot Battery Market research report gives consistent conveyance of the substance. Information gathered in the notification is from verified and reliable sources. Besides, the report additionally breaks down the forthcoming patterns and openings likely to propel the Robot Battery Market. Moreover, the Robot Battery Market provides creative strategies and plans that help market players to stay ahead of the competition. Besides, the Robot Battery Market research report likewise evaluates…
