Exploring the Remarkable CAGR 21.6% | Service Robotics Market Anticipates a Valuation of USD 225.56 Billion By 2032
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.
๐๐๐ญ ๐๐ง ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ: 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.
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The major players operating in the service robotics industry are:
โข Intuitive Surgical Inc.
โข Adept Technology Inc.
โข Irobot Corporation
โข Kuka AG
โข Aethon Inc.
โข Bluefin Robotics
โข and GeckoSystems Intl. Corp.
โข Panasonic Corporation
โข Yujin Robot
โข Co. Ltd.
โข Robert Bosch GmbH
โข Parrot SA
โข Kongsberg Maritime
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/400/2
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ:
โข 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.
โข 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.
โข 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.
๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ
โข The primary factors propelling the market growth of service robotics are the reduction in their cost and the surge in the medical technology industry.
โข The Service Robotics Market analysis is mainly based on type, component, environment, end-use, and region.
โข In 2022, Asia Pacific dominated the market.
๐๐๐๐๐ฌ๐ฌ ๐๐ก๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐ก๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/service-robotics-market
๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ก๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ ๐ญ๐ก๐ ๐ฌ๐๐ซ๐ฏ๐ข๐๐ ๐ซ๐จ๐๐จ๐ญ๐ข๐๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ฌ๐๐ ๐จ๐ง ๐ญ๐ฒ๐ฉ๐, ๐๐จ๐ฆ๐ฉ๐จ๐ง๐๐ง๐ญ, ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ, ๐๐ง๐ ๐๐ง๐-๐ฎ๐ฌ๐:
Service Robotics, Type Outlook (Revenue - USD Billion, 2019 - 2032)
โข Professional
โข Personal
Service Robotics, Component Outlook (Revenue - USD Billion, 2019 - 2032)
โข Hardware
โข Software
โข Services
Service Robotics, Environment Outlook (Revenue - USD Billion, 2019 - 2032)
โข Ground
โข Aerial
โข Marine
Service Robotics, End-use (Revenue - USD Billion, 2019 - 2032)
โข Healthcare
โข Agriculture
โข Construction
โข Defense
โข Logistics & Transportation
โข Domestic
โข Entertainment
โข Others
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐จ๐ฅ๐๐ซ๐ข๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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: โฆ
More Releases from Polaris Market Research & Consulting
Composites Market Expected to Witness Robust Growth, Forecasting US$ 173.84 Bill โฆ
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.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ข๐ช๐ฎ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/composites-market/request-for-sample
Composites are simply an amalgamation of two orโฆ
Central Lab Market is anticipated to generate an estimated revenue of USD 5.55 b โฆ
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 toโฆ
Synthetic Lubricants Market Indicate to Reach US$ 56.92 Billion by 2032, Anticip โฆ
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.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/synthetic-lubricants-market/request-for-sample
A synthetic lubricant is a lubricant typeโฆ
Reading Glasses Market is predicted to expand to USD 61.04 billion by 2032, at a โฆ
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.
๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:ย https://www.polarismarketresearch.com/industry-analysis/reading-glasses-market/request-for-sample
๐๐๐ฅ๐ค๐ง๐ฉ ๐๐๐ค๐ฅ๐:
This report is a comprehensive and detailed study of the global reading glasses industry. It provides anโฆ
More Releases for Robot
Robot Pet Care Market 2022 Precise Outlook|Litter-Robot, Hexbug, CatGenie - Petn โฆ
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 willโฆ
Cyber Security in Robotics Market to 2027 - Global Analysis and Forecasts by Com โฆ
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 lookingโฆ
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 restraintsโฆ
Flexiv Ushers In 3rd Gen Robot With Launch Of Adaptive Robot Arm
โข Product launch of worldโs first adaptive robot at Hannover Messe 2019
โข Broader set of task applications - can be applied to different scenarios and industries, even in uncertain environments
โข Bottom-up innovation and all-inclusive robot design for great adaptivity
โข 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 ofโฆ
Robotics Market by Data Type (Automotive Robot, Mobile Robot, Industrial Robot, โฆ
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 Indiaโฆ
Pipeline Robot Market Competitive Strategies of Key Manufacturers: Diakont, Trio โฆ
The qualitative research study conducted by HTF MI titled โGlobal 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 thisโฆ