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Service Robotics Market Size
- Report ID: GMI130
- Published Date: Sep 2023
- Report Format: PDF
Service Robotics Market Size
Service Robotics Market size was valued at USD 42.8 billion in 2022 and is anticipated to grow at a CAGR of over 25% between 2023 and 2032. The rapid investment in robotics has fueled the demand for service robotics. The increased demand for a better & efficient product delivery service has further increased with the advent of online shopping along with customer inclination toward buying products through an online source.
Retailers are exploring the use of robots to enhance the shopping experience. These robots can help customers find products, provide information, and even handle transactions. By incorporating robotics, retailers aim to create unique & engaging in-store experiences. Industries, such as manufacturing, energy, and infrastructure, are adopting service robots for maintenance & inspection tasks in challenging environments. Robots equipped with sensors & cameras can perform inspections of equipment, pipelines, and structures in hazardous or hard-to-reach locations.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Service Robotics Market Size in 2022: | USD 42.8 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 25% |
| 2032 Value Projection: | USD 425 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 369 |
| Segments covered: | Component, Robots, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Service robotics is a specialized field of robotics that focuses on designing, developing, and deploying autonomous or semi-autonomous robots to perform tasks and provide various services to humans. These robots are designed to assist and enhance human activities in diverse industries including healthcare, hospitality, logistics, and agriculture.
The shortage of qualified personnel will pose challenges for industries seeking to adopt robotic solutions. Companies may need to invest in training or compete to attract skilled technicians, thereby adding to the operational cost and leading to potential delays in reaping the benefits of automation. The integration of service robots into the existing production workflows can be a complex process. Skilled & expert professionals are required to ensure that robots work seamlessly with other machinery along with coordinating tasks and following the desired sequence. Experienced technicians, who can navigate intricate programming languages & interfaces, are needed to program robots to perform specific tasks effectively & safely.
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Service Robotics Market Scope
