September 08, 2022 11:15 ET | Source: Verified Market Research Verified Market Research
Boonton, New Jersey, UNITED STATES
Jersey City, New Jersey, Sept. 08, 2022 (GLOBE NEWSWIRE) — Verified Market Research recently published a report, “Service Robotics Market” By Service Type (Professional, Personal), By Application (Domestic, Industrial/Commercial), By Environment (Aerial, Ground), and By Geography. According to Verified Market Research, the Service Robotics Market size was valued at USD 30.57 Billion in 2021 and is projected to reach USD 173.17 Billion by 2030, growing at a CAGR of 21.25% from 2022 to 2030.
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202 – Pages
126 – Tables
37 – Figures
Global Service Robotics Market Overview
Because of the rapid technological advancements in automation, engineering, artificial intelligence, and machine learning, the robotics industry is rapidly stimulating the service robotics market trends. The consequences of the introduction of robots have resulted in a shift in human task-performing capacity. Furthermore, the implications of robotics’ growth will boost developing countries’ productivity and economic expansion. Additionally, because underdeveloped economies lack skilled labor, service robots can open up significant opportunities in various industries.
Data ownership raises ethical concerns, particularly with the rise of robotics software services. There is always a significant difference between the data collected by ground drones and by sky drones. Third parties, such as marketing and database agencies, frequently purchase this data, putting individuals’ privacy at risk. Because most equipment manufacturers use their in-house interface protocols for communications, the lack of standardization in robotics technologies such as AI and machine vision complicates system integration. In healthcare and military & defense industries, the consequences of a data breach are significant, necessitating regulations that do not suffocate robotics-related technologies.
The major players in the market are iRobot, Intuitive Surgical, Honda Motor, Panasonic Holdings, Aethon, Yujin Robot, Samsung Electronics, DeLaval, Robert Bosch, Electrolux, and Others.
Verified Market Research has segmented the Global Service Robotics Market On the basis of Service Type, Application, Environment, and Geography.
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