Service Robotics Market Top Manufacturers, Development Strategy, Industry Size, Global Growth, Competitive Landscape, and Forecast to 2029

The global service robotics market size is anticipated to reach USD 54.4 billion by 2026 growing at a CAGR of 17.3% from 2018 to 2026 according to a new report published by Polaris Market Research.

There has been an increase in the demand of service robotics solutions across the world owing to greater need for automation of services.

With the increasing use of collaborative robots in service applications, the overall demand for robotics has increased drastically over the years.

The rising applications of drones, unmanned ground vehicles, unmanned surface vehicles, autonomous underwater vehicles, unmanned aerial vehicles in the military sector, use of delivery robots, personal assistance robots, inventory management bots in the healthcare & logistics sector coupled with reduction of hardware costs for the manufacturing of service robots are some stimulating factors for the global service robotics industry.

Consumer robots compatible with iPad/PC are developed for autistic children, which enable therapists and parents to guide them through their activities.

Surgeons are able to perform operations from remote locations, allowing them to provide diagnosis through an interactive moving robot with the adoption of latest telesurgery and telepresence technologies.

The scope of the global Service Robotics Market is estimated to touch US$ 15.69 billion by 2020, growing at a CAGR of 23.7% for the prediction period.

Service Robot could be defined as the robot that carries out beneficial everyday jobs for tools or else human being but not including applications of industrialized automation.

Request a Sample PDF Copy of This Report @ https://www.millioninsights.com/industry-reports/service-robotics-market/request-sample Market Synopsis of Service Robotics Market:  Service robotics is segregated into two portions like proficient service robots and domestic or personal service robots.

Those service robots that are utilized for execution of day-to-day responsibilities, non-commercial usage, and others are the domestic or else personal service robots.

However, those service robots, which accomplish commercial responsibilities and are functioned by means of qualified operators are termed as the professional service robots.

Drivers: The reading specifies that technical progressions, invention, and greater demands for automation are the most important motivating issues for the global service robotics market.

Implementation of service robotics systems in varied professional purpose areas will change the service robotics market globally.

Services robotics sector has a vital impact on agriculture, surgery, public relations, and logistics in growing economic importance.

The number of developing countries in the globe is looking to add robotic solutions to their facilities to the increasing workforce.

Manufacturers are implementing solutions while using service robots to assist ageing workers and help makes work safer for humans.

However, the high cost of robots and barrier for small companies to enter into this because of the huge capital requirement to set up plant layout are huddles of this market.Growth in Service Robotics Market due to COVID-19 Robots can provide contact-free alternatives to healthcare workers due to the highly contagious nature of the coronavirus.

The automation of laboratory and supply chain to be the next big opportunity in future.

The new report by Expert Market Research titled, ‘Global Service Robotics Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global service robotics market, assessing the market based on its segments like product type, component, application, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America.

The sample report shall be delivered to you within 24 hours.Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/service-robotics-market/requestsampleThe key highlights of the report include:Market Overview (2021-2026)Historical Market Size (2020): USD 20.4 BillionForecast CAGR (2021-2026): 23%Forecast Market Size (2026): USD 71 BillionThe global service robot market is driven by the growing application in domestic and industrial sector.

Further, the factors such as augmentation of labour cost, and growing awareness about the widespread applications will propel the growth in the forecast period.Industry Definition and Major SegmentsService robots are devices that are designed to perform tasks in order to assist humans.

These machines are semi- or fully automated and can perform dangerous and time-consuming tasks safely and effectively.Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/service-robotics-marketBy product type, the market is divided into:Professional ServicePersonal and Domestic ServiceOthersBased on component, the industry can be segmented into:HardwareAirframesSensorsCamerasActuatorsNavigation systemsPropulsion systemsPower supplyOthersSoftwareOn the basis of application, the industry can be categorised into:LogisticsConstruction and DemolitionMedicalDefence, Rescue and SecurityEntertainment, Educational and PersonalDomesticMarineResearch and Space ExplorationOthersLatest Global News on Service Robotics Market@ https://www.expertmarketresearch.com/pressrelease/global-service-robotics-marketOn the basis of regional markets, the industry is divided into:1 North America1.1 United States of America1.2 Canada2 Europe2.1 Germany2.2 United Kingdom2.3 France2.4 Italy2.5 Others3 Asia Pacific3.1 China3.2 Japan3.3 India3.4 ASEAN3.5 Others4 Latin America4.1 Brazil4.2 Argentina4.3 Mexico4.4 Others5 Middle East & Africa5.1 Saudi Arabia5.2 United Arab Emirates5.3 Nigeria5.4 South Africa5.5 OthersMarket TrendsRegionally, North America is the largest shareholder in the global service robot market owing to the widespread utilisation of service robots across USA.

Moreover, the presence of key players with strong technical expertise in Japan will aid the region’s growth in the forecast period.Key Market PlayersThe major players in the market are Omron Corporation, Daifuku Co., Ltd., Dematic Holding S.à r.l., Intuitive Surgical, Inc., Kollmorgen Corporation, KUKA AG, and a few others.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.Related Reports:Global Gaming Peripherals Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/gaming-peripherals-marketGlobal Fire Sprinklers Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/fire-sprinklers-marketGlobal Computational Fluid Dynamics Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/computational-fluid-dynamics-marketGlobal Commercial Printing Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/commercial-printing-marketGlobal Frequency Converter Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/frequency-converter-marketGlobal Chip Mounter Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/chip-mounter-marketIndian Smart Card Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/indian-smart-card-marketGlobal Maritime Information Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/maritime-information-marketGlobal Microdisplay Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/microdisplay-marketGlobal Medium Format Camera Market Report and Forecast 2021-2026 by Expert Market Research: https://www.expertmarketresearch.com/reports/medium-format-camera-marketNote 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours.

An aerospace service robot is a robot that performs useful tasks for humans or equipment without industrial automation function in the aerospace industry.

These robots assist humans by performing harmful, dull, and repetitive tasks.Due to delivery of accurate and high-quality services, enhanced usability, and reduced operational costs and human errors, these aerospace robots gain witnessed widespread acceptance among aerospace industry.

Manufacturing industries in this market are developing smaller sized and technologically advanced aerospace service robot, leading to high adoption of lightweight and multi-functional robots.Get Sample Copy of this Report @ https://dataintelo.com/request-sample/?reportId=3161The Report entitled Global Aerospace Service Robotics Market Report explores the essential factors of the Aerospace Service Robotics market considering such as industry situations, market demands, market players adopted business strategies and their growth scenario.

The Global Aerospace Service Robotics market has been separated by this report based on the key players profiles, Type, Application and Regions.Read More @ https://www.marketwatch.com/press-release/recent-research-detailed-analysis-on-aerospace-service-robotics-market-size-with-forecast-till-2025-2019-12-10

Market HighlightsIn this rapidly changing environment, companies are expanding their scale of operations by increasing investments in R and innovation.

Internet of things (IoT) is also considered as a major component with respect to service robotics therefore industries adopting Internet of Things has increased the demand for service robotics.The study indicates that technological advancements, high demands for automation and increasing human safety concerns are the major driving factors of service robotic market.

Service robotics have many benefits which overcome the challenges such as lack of skilled workforce, high labor costs and others.

The study indicates a major restrain for the Service Robotics Market as the high costs of service robots.

But the study also reveals that robot manufacturers are taking efforts to lower the costs of these service robots.In the recent news, Dominos has partnered with Starship Technologies to develop service robots which could be used for pizza delivery.

Many company like Dominos are taking efforts and adopting service robotics.Get PR Details @ https://www.marketresearchfuture.com/press-release/service-robotics-marketThe Service robotics Market is growing rapidly over 15% of CAGR and is expected to reach at USD 20 billion by the end of forecast period.

The‘Global Service Robotics Market Report’ is a comprehensive and in-depth study on the size, share, growth,trends, demand and estimation with a focus on the latest development.

The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.The entire service robotics market has been sub-categorized into application.

The report provides an analysis of these subsets with respect to the geographical segmentation.

This research study will keep marketer informed and helps to identify the target demographics for a product or service.Request a FREE Sample Copy of Global Service Robotics Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/service-robotics-market/download-sampleBy ApplicationProfessional Service RobotsField RobotsProfessional CleaningInspection and MaintenanceConstruction and DemolitionLogistics Systems (Manufacturing and Non-manufacturing)Medical RobotsRescue and Security RobotsDefense RobotsUnderwater Systems (Civil/General)Powered Human ExoskeletonsPublic Relation RobotsPersonal Service RobotsRobots for Domestic TasksEntertainment RobotsElderly and Handicap AssistanceBrowse Full Global Service Robotics Market Research Report With TOC At: https://www.valuemarketresearch.com/report/service-robotics-marketThe research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the service robotics market include iRobot Corporation, Samsung Electronics, AB Electrolux, Toyota Motor Corporation, Fujitsu Frontech Limited, Hanool Robotics Corp., LG Electronics Inc., Honda Motors Co. Ltd., Sony Corp., GeckoSystems, Fujitsu, Yujin Robot.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.This section covers regional segmentation which accentuates on current and future demand for service robotics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.