🔺 The market of service robotics by 2030 will reach $153.7 billion

🔺 The market of service robotics by 2030 will reach $153.7 billion

🔹 By 2030, the global service robotics market will reach $153.7 billion at a CAGR of 21.2% compared to 2021. This forecast is given by Allied Market Research in its recently published report.

🔹 The study examines the service robot market by type (for professional and personal use) and scale (health care, defense, construction, logistics, entertainment, and so on).

📎 According to analysts, the growth of the global service robotics market is stimulated by:

📎 A surge in the adoption of service robots in several sectors, significant investment in research and development, high cost and shortage of skilled labor.

📎 However, concerns about data privacy and regulation, the need for large upfront investments and high maintenance costs hinder the development of this market. In addition, the service robotics market has been negatively impacted by the COVID-19 pandemic due to production and service delays, supply chain disruptions, declining business confidence, and raw material shortages due to restrictions on cross-border trade.

🔺 Analysts refer the following companies to the main players in the service robotics market:

📎 iRobot Corporation

📎 Intuitive Surgery Inc.

📎 Honda Motor Co., Ltd.

📎 Panasonic Corporation

📎 Eton Inc.

📎 Eugene Robot Co., Ltd.

📎 GekkoSystems, international. Corp.

📎 Samsung Electronics Co., Ltd.

📎 Robert Bosch GmbH

📎 AB Electrolux

🔹 The largest average annual growth rate at the level of 24.7% in the period from 2021 to 2030 will be demonstrated by the service robotics market in the construction industry due to the ability of service robots to move and process building materials, interact with other machines and workers. In 2020, the healthcare sector formed the largest market share, accounting for more than a quarter of the total.

🔹 According to experts, the segment of personal service robots (for housework, entertainment and security) will add more in the forecast period - by an average of 22.6% annually.

🔺 So the companies ROBOASIS and ITCAPITAL will help you to make sure!