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
Voice User Interface Market Trends That Will Shape the Next Decade: Insights fro …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
How Large Will the Voice User Interface Market Size By 2025?_x000D_
The market size for voice user interfaces has experienced swift expansion in the last few years. It is forecasted to escalate from its $25.25 billion valuation in 2024 to reach $30.23 billion in 2025, equating to a compound…
2025-2034 Secure Web Gateway Market Evolution: Disruptions, Innovations, and Unt …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Secure Web Gateway Market Through 2025?
The scale of the secure web gateway market has witnessed a swift expansion in the past few years. It is projected to progress from a valuation of $12.8 billion in 2024 to reach $15.34 billion in…
Surge In Demand For Autonomous Vehicles Propels Growth Of Vehicle Networking Mar …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts._x000D_
_x000D_
Vehicle Networking Market Size Growth Forecast: What to Expect by 2025?_x000D_
The market size for vehicle networking has experienced robust growth in recent times. It is projected to increase from $1.16 billion in 2024 to $1.24 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. Several…
Global Remote towers Market Projected to Grow at 15.2% CAGR, Reaching $0.73 Bill …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Remote towers Industry Market Size Be by 2025?
The market size for remote towers has seen a fast-paced expansion in the past few years. The market value is projected to increase from $0.36 billion in 2024 to $0.41 billion in 2025, showing a compound annual growth…
More Releases for Robot
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…
Six-Axis Robot Controllers Market | ABB, Alfa Robot, Arburg, Engel
The global six-axis robot controllers market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the six-axis robot controllers market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Four-Axis Robot Controllers Market | ABB, Alfa Robot, Arburg, Engel
The global four-axis robot controllers market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the four-axis robot controllers market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
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…
