openPR Logo
Press release

Exploring the Remarkable CAGR 21.6% | Service Robotics Market Anticipates a Valuation of USD 225.56 Billion By 2032

04-10-2024 01:26 PM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Service Robotics Market

Service Robotics Market

The recently published Service Robotics Market study report by Polaris Market Research reveals that the global market was USD 38.92 billion in 2023, with a CAGR of 21.6% projected from 2024 to 2032. The global market is expected to offer an absolute opportunity of USD 225.56 billion by 2032.

As the worldwide service industry persists in handling speedily altering consumer tendencies and a torrent of extrinsic elements such as labor paucity, trade concerns, and supply chain interventions, some are looking for contemporary and progressive technologies such as service robotics as a remedy.

๐†๐ž๐ญ ๐š๐ง ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐… ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/service-robotics-market/request-for-sample

The usage of robotics technology for enhancing productivity and improving business efficiency isn't a contemporary proposition. The price of manufacturing robots has considerably reduced because of the speedy advancement of technology and the surge in robot production. The standard price of the robot has decreased in the past 30 years by half in actual terms and notably more collated to workforce disbursements. Moreover, these gadgets are extremely secure for workers and may attach value to the industry's function. Because of the aging populations in these regions, the medical technology populations are expanding.

๐๐ซ๐จ๐ฆ๐ข๐ง๐ž๐ง๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

The major players operating in the service robotics industry are:

โ€ข Intuitive Surgical Inc.
โ€ข Adept Technology Inc.
โ€ข Irobot Corporation
โ€ข Kuka AG
โ€ข Aethon Inc.
โ€ข Bluefin Robotics
โ€ข and GeckoSystems Intl. Corp.
โ€ข Panasonic Corporation
โ€ข Yujin Robot
โ€ข Co. Ltd.
โ€ข Robert Bosch GmbH
โ€ข Parrot SA
โ€ข Kongsberg Maritime

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/400/2

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

โ€ข Technological Advancements: Innovations in artificial intelligence (AI), machine learning, and sensor technologies have significantly improved the capabilities of service robots, making them more efficient, autonomous, and adaptable to various tasks.

โ€ข Labor Shortages: Industries such as healthcare, hospitality, and agriculture are facing challenges in finding skilled labor. Service robots can fill this gap by performing repetitive or physically demanding tasks, thereby increasing productivity and efficiency.

โ€ข Cost Reduction: Over time, the cost of manufacturing service robots has decreased, making them more accessible to a wider range of industries. This cost-effectiveness encourages businesses to adopt robotics solutions to streamline operations and reduce overheads.

๐Š๐ž๐ฒ ๐“๐š๐ค๐ž๐š๐ฐ๐š๐ฒ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ

โ€ข The primary factors propelling the market growth of service robotics are the reduction in their cost and the surge in the medical technology industry.

โ€ข The Service Robotics Market analysis is mainly based on type, component, environment, end-use, and region.

โ€ข In 2022, Asia Pacific dominated the market.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐“๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ก๐ž๐ซ๐ž: https://www.polarismarketresearch.com/industry-analysis/service-robotics-market

๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐ซ๐จ๐›๐จ๐ญ๐ข๐œ๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐š๐ฌ๐ž๐ ๐จ๐ง ๐ญ๐ฒ๐ฉ๐ž, ๐œ๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ, ๐ž๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐ž๐ง๐ญ, ๐š๐ง๐ ๐ž๐ง๐-๐ฎ๐ฌ๐ž:

Service Robotics, Type Outlook (Revenue - USD Billion, 2019 - 2032)

โ€ข Professional
โ€ข Personal

Service Robotics, Component Outlook (Revenue - USD Billion, 2019 - 2032)

โ€ข Hardware
โ€ข Software
โ€ข Services

Service Robotics, Environment Outlook (Revenue - USD Billion, 2019 - 2032)

โ€ข Ground
โ€ข Aerial
โ€ข Marine

Service Robotics, End-use (Revenue - USD Billion, 2019 - 2032)

โ€ข Healthcare
โ€ข Agriculture
โ€ข Construction
โ€ข Defense
โ€ข Logistics & Transportation
โ€ข Domestic
โ€ข Entertainment
โ€ข Others

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Green Technology And Sustainability Market: https://www.polarismarketresearch.com/industry-analysis/green-technology-and-sustainability-market

Corporate Lending Platform Market: https://www.polarismarketresearch.com/industry-analysis/corporate-lending-platform-market

Machine-to-machine (M2M) Connections Market: https://www.polarismarketresearch.com/industry-analysis/machine-to-machine-m2m-connections-market

Speech Analytics Market: https://www.polarismarketresearch.com/industry-analysis/speech-analytics-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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 Exploring the Remarkable CAGR 21.6% | Service Robotics Market Anticipates a Valuation of USD 225.56 Billion By 2032 here

News-ID: 3458701 • Views: โ€ฆ

More Releases from Polaris Market Research & Consulting

Composites Market Expected to Witness Robust Growth, Forecasting US$ 173.84 Billion by 2032 at a CAGR of 7.1% From 2024-2032
Composites Market Expected to Witness Robust Growth, Forecasting US$ 173.84 Bill โ€ฆ
The market was valued at USD 94.16 billion in 2023 and is expected to grow to 173.84 billion by 2032. The composites market is anticipated to grow at a CAGR of 7.1% during the forecast period of 2024-2032. In 2023, Asia Pacific conquered the market. Also, North America is expected to witness a major growth rate. ๐”๐ง๐ฅ๐จ๐œ๐ค ๐”๐ง๐ข๐ช๐ฎ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐Ž๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/composites-market/request-for-sample Composites are simply an amalgamation of two orโ€ฆ
Central Lab Market is anticipated to generate an estimated revenue of USD 5.55 billion by 2032 | PMR
Central Lab Market is anticipated to generate an estimated revenue of USD 5.55 b โ€ฆ
Global central lab market size and share is currently valued at USD 3.20 billion in 2023 and is anticipated to generate an estimated revenue of USD 5.55 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.3% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032 Central Lab Market, a cutting-edge online platform designed toโ€ฆ
Synthetic Lubricants Market Indicate to Reach US$ 56.92 Billion by 2032, Anticipating a 3.3% CAGR From 2024 to 2032
Synthetic Lubricants Market Indicate to Reach US$ 56.92 Billion by 2032, Anticip โ€ฆ
Polaris Market Research has recently published its latest analysis on the Synthetic Lubricants Market. The research states that the market for synthetic lubricants was estimated to be worth USD 42.53 billion in 2023. It is anticipated to grow to USD 56.92 billion by 2032, exhibiting a CAGR of 3.3% during the forecast period, 2024 to 2032. ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐Ž๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/synthetic-lubricants-market/request-for-sample A synthetic lubricant is a lubricant typeโ€ฆ
Reading Glasses Market is predicted to expand to USD 61.04 billion by 2032, at a CAGR of 5.8% from 2024 to 2032 | PMR
Reading Glasses Market is predicted to expand to USD 61.04 billion by 2032, at a โ€ฆ
Reading Glasses-Market Insights, Size Revenue, Outlook, Overview, and Analysis. The global reading glasses market was estimated to be worth USD 36.87 billion in 2023 and is predicted to expand to USD 61.04 billion by 2032, with a CAGR of 5.8% during the forecast period 2024 to 2032. ๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:ย https://www.polarismarketresearch.com/industry-analysis/reading-glasses-market/request-for-sample ๐™๐™š๐™ฅ๐™ค๐™ง๐™ฉ ๐™Ž๐™˜๐™ค๐™ฅ๐™š: This report is a comprehensive and detailed study of the global reading glasses industry. It provides anโ€ฆ

All 5 Releases


More Releases for Robot

Robot Pet Care Market 2022 Precise Outlook|Litter-Robot, Hexbug, CatGenie - Petn โ€ฆ
The Robot Pet Care Market report is a great source of insightful data for business strategists. It gives an overview of the industry, as well as growth projections and historical and forecasted cost, revenue, demand, and supply statistics (as applicable). The research experts provide a detailed overview of the value chain as well as a study of its distributors. The Robot Pet Care Market analysis contains in-depth information that willโ€ฆ
Cyber Security in Robotics Market to 2027 - Global Analysis and Forecasts by Com โ€ฆ
Cybersecurity concerns have been most important for industrialists. Fast progress made by robotics in our day to day lives is creating a strong automation effect in a wide-ranging range of grounds. With every passing day, the abilities of robotics have innovated from the installation of new control systems and manipulators, new sensors, and power supply systems. Robotic process automation (RPA) is growing popularity in cybersecurity in robotics. Organizations are lookingโ€ฆ
Robotic Polishing Machine Market Size 2019 - Logen Robot, DANBACH ROBOT, MEPSA
Robotic Polishing Machine Market Research Report Formulates with historic data up to 2019 and gives a forecast for 2019-2024. The report gives a comprehensive outlook of the market including the current market status, historic, and expected way forward for the global Robotic Polishing Machine market. The report inspects market size, key trends, technologies, challenges, product scope, industry revenue, and growth opportunities. The report delivers data on the drivers and restraintsโ€ฆ
Flexiv Ushers In 3rd Gen Robot With Launch Of Adaptive Robot Arm
โ€ข Product launch of worldโ€™s first adaptive robot at Hannover Messe 2019 โ€ข Broader set of task applications - can be applied to different scenarios and industries, even in uncertain environments โ€ข Bottom-up innovation and all-inclusive robot design for great adaptivity โ€ข Proprietary force control and AI technology from top AI and robotics researchers HANNOVER, Germany, April 2, 2019 โ€“ Flexiv Ltd. today ushered in a new generation of industrial robot with the launch ofโ€ฆ
Robotics Market by Data Type (Automotive Robot, Mobile Robot, Industrial Robot, โ€ฆ
Global Robotics Market was valued at USD 46.18 Billion in the year 2017. Global Robotics market is further estimated to grow at a CAGR of 13.52% from 2018 to 2023 to reach USD 112.6 billion by the year 2023. Asia-Pacific region holds the highest market share in 2017 and North America market is considered as the fastest growing market in the forecasted period. At country level China, Japan and Indiaโ€ฆ
Pipeline Robot Market Competitive Strategies of Key Manufacturers: Diakont, Trio โ€ฆ
The qualitative research study conducted by HTF MI titled โ€œGlobal Pipeline Robot Market Research Report 2018โ€ provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Pipeline Robot market. The study provides forecasts for Pipeline Robot investments till 2022. If you are involved in the Pipeline Robot industry or intend to be, then thisโ€ฆ