The global service robotics market is expected to grow by $ 35,270.47 million during the period 2021-2025, growing at a CAGR of 22.58% during the forecast period.

Global Service Robotics Market 2021-2025

New York, January 04, 2022 (GLOBE NEWSWIRE) – announces the publication of the report “Global Service Robotics Market 2021-2025” –
58% during the forecast period. Our Service Robotics market report provides holistic analysis, market size and forecast, trends, growth drivers, and challenges, along with vendor analysis covering approximately 25 vendors.
The report offers up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for robotic automation process and the increasing adoption of robotics in various application fields. In addition, the increasing demand for robotic automation process is also expected to drive the market growth.
The analysis of the Service Robotics market includes the application segment and the geographic landscape.

The service robotics market is segmented as follows:
By application
• Professional robots
• Personal robots

By geographic
• Europe
• North America
• South America

This study identifies the increasing use of IoT in robots for cost-effective predictive maintenance as one of the major reasons for the growth of the service robotics market in the coming years.

The analyst presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources by analysis of key parameters. Our Service Robotics Market report covers the following areas:
• Sizing of the service robotics market
• Service robotics market forecast
• Industry analysis of the service robotics market

This solid vendor analysis is designed to help clients improve their market position and in accordance with this, this report provides a detailed analysis of several major vendors in the Service Robotics market including CYBERDYNE Inc., Daifuku Co. Ltd., DeLaval International AB, Exyn Technologies, Intuitive Surgical Inc., Irobot Corp., Kongsberg Gruppen ASA, Northrop Grumman Corp., SoftBank Robotics Group Corp. and SZ DJI Technology Co. Ltd. Additionally, the Service Robotics market analysis report includes information on upcoming trends and challenges that will influence the market growth. It’s about helping businesses strategize and take advantage of any growth opportunities ahead.
The study was conducted using an objective combination of primary and secondary information, including contributions from key industry participants. The report contains a comprehensive market and vendor landscape in addition to major vendor analysis.

The analyst presents a detailed picture of the market through the study, synthesis and summation of data from multiple sources through analysis of key parameters such as profit, price, competition and promotions. It presents various facets of the market by identifying the main influencers in the industry. The data presented is complete, reliable and the result of extensive research – both primary and secondary. Technavio’s market research reports provide a comprehensive competitive landscape along with in-depth vendor screening methodology and analysis using qualitative and quantitative research to forecast the precise growth of the market.
Read the full report:

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