The service robot market is expected to grow from $37 billion in 2020 to $102.5 billion in 2025. It is expected to grow at a CAGR of 22% from 2020 to 2025. The adoption of service robots provides high ROI for commercial users primarily due to reduced labor costs. This is one of the main drivers of adoption. At the same time, funding for robotics research by the government and key market players has increased dramatically.
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Service Robotics Market Segmentation
By Type:
• Professional
• Personal & Domestic
By Environment:
• Aerial (Commercial Drones and Consumer Drones)
• Ground (Automated Guided Vehicles (AGVs), Cleaning Robots, Agricultural Robots, Surgical Robots, Entertainment and Leisure Robots, Inspection Robots, Humanoid Robots, Powered Exoskeletons, Telepresence Robots, and Others)
• Marine (Remotely Operated Vehicles (ROVs), Unmanned Surface Vehicles (USVs) and Autonomous Underwater Vehicles (AUVs))
By Component:
• Hardware (Airframes, Sensors, Caneras, Actuators, Power Supply, Control Systems, Navigation Systems, Propulsion Systems, and Others)
• Software
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
