Service Robotics Market Size Was Valued at USD 53.50 Billion in 2023, and is Projected to Reach USD 398.61 Billion by 2032, Growing at a CAGR of 25.00% From 2024-2032.

The Service Robotics Market encompasses robots designed to perform obligations that help human beings, usually in non-industrial environments. These robots are deployed in a selection of sectors together with healthcare, hospitality, agriculture, and domestic settings, offering services such as cleansing, transport, caregiving, and amusement. Service robots are characterized by means of their self-sustaining or semi-self-sustaining skills, leveraging superior technology like artificial intelligence (AI), gadget studying, and the Internet of Things (IoT) to beautify their performance and adaptability. This marketplace is driven by way of the increasing demand for automation, advanced operational efficiency, and the want for answers to cope with hard work shortages and decorate exceptional of lifestyles.

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Service Robotics Market Top Key Players:

• ABB Ltd.
• Aethon
• Daifuku
• DeLaval International AB
• DJI
• ECA Group
• HONDA MOTOR CO., LTD.
• Intuitive Surgical
• iRobot Corporation Inc.
• Kongsberg Maritime
• KUKA AG
• Lely
• Neato Robotics Inc
• Panasonic Corporation
• Parrot SA
• Stryker Corporation
• SoftBank Robotics Holdings and Other Major Players

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Service Robotics Market Trend Analysis

Growing Demand for Automation in Healthcare, Hospitality, and Retail

The growing demand for automation is transforming various industries through integrating advanced service robots into their operations. In healthcare, the adoption of provider robots is revolutionizing affected person care and clinic control. Robots are hired to help with routine duties together with tracking important signs, allotting medicinal drugs, and transporting materials.

Enhancing Capabilities with AI and Machine Learning in Service Robots

The integration of Artificial Intelligence (AI) and machine mastering is profoundly enhancing the skills of service robots, enabling them to carry out more and more complex obligations with greater performance and precision. AI algorithms permit robots to system giant quantities of statistics in real-time, making informed selections and executing obligations that were formerly past their talents.

Service Robotics Market Segment Analysis:

By Component 

• Robots
• Peripherals

By Robots           

• Professional
• Defense
• Medical
• Transportation & logistics
• Field
• Hospitality
• Professional cleaning
• Robots for public environment
• Personal
• Household
• Entertainment

By Region:

• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

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Key Industry Developments in the Service Robotics Market:

In March 2023, Stryker launched Mako Total Knee 2.0 at the AAOS 2023 Annual Meeting in Las Vegas. Mako Total Knee 2.0 is designed to deliver reliable outcomes to surgeons with a new, elevated user experience. Mako Total Knee 2.0 also introduces a new intuitive design, customizable workflow, and other key features including an innovative digital tensioner that allows surgeons to assess the stability of the knee intraoperatively during a Total Knee Arthroplasty (TKA) without the need for additional instrumentation.

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The research provides answers to the following key questions:

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