Service Robotics Market Global Industry Trends Analysis The service robotics market size is estimated at usd 60.16 billion in 2024, and is expected to reach usd 146.79 billion by 2029, growing at a cagr of 19.53% during the forecast period (2024 2029). service robots offer several features, such as delivering precise and high quality service and helping users reduce human mistakes and operational. The global service robotics market size is projected to reach usd 84.8 billion by 2028 from usd 41.5 billion in 2023; growing at a cagr of 15.4% from 2023 to 2028 during the forecast period. growing adoption of robots for new applications, surging use of iot in robots for cost effective predictive maintenance, and increasing use of disinfection.
Service Robotics Market Global Industry Analysis And Forecast 20 Service robotics market. the global service robotics market size was valued at usd 16.35 billion in 2022 and is projected to grow from usd 19.08 billion in 2023 to usd 62.35 billion by 2030, exhibiting a cagr of 18.4% during the forecast period. the asia pacific dominated the service robotics market with a share of 34.86% in 2022. The global service robotics market size was valued at usd 16.35 billion in 2022 and is projected to reach usd 74.76 billion by 2031, expanding at a cagr of 18.4% during the forecast period 2023 2031. the growth of the market is attributed to growing instances of assisted living and to battle rising labor costs in developed countries. As per the current market research conducted by the cmi team, the global service robotics market is expected to record a cagr of 15.1% from 2023 to 2032. in 2023, the market size is projected to reach a valuation of usd 28.3 billion. by 2032, the valuation is anticipated to reach usd 100.4 billion. the operational stock of industrial robots. The global service robotics market is being driven by the increasing sales of service robots, which reached a value of usd 37.96 billion in the year 2023. the sales of service robots is likely to grow at a cagr of 23.1% in the forecast period of 2024 2032 to reach usd 245.87 billion by 2032. emr’s meticulous research methodology delves deep.
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