Global Service Robotics Market Forecast to 2025


Posted January 14, 2021 by Vidhyanigam98

The global service robotics market was valued at over US$ 17 Billion in 2019 and is expected to show significant growth during the forecast period, driven by an upsurge in its adoption owing to high labor cost, lack of skilled workforce

 
Bharat Book Bureau Provides the Trending Market Research Report on “Global Service Robotics Market (Impact of COVID-19) and Volume Analysis by Type (Professional Service Robots, Personal and Domestic Service Robots) and Key Players Analysis - Forecast to 2025”under Media & Technology Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

The global service robotics market was valued at over US$ 17 Billion in 2019 and is expected to show significant growth during the forecast period, driven by an upsurge in its adoption owing to high labor cost, lack of skilled workforce, increasing research and development investments, growing awareness regarding the benefits of service robots, and increased demand for automation among professional and personal sectors. Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors. Professional service robots are employed in various industries including medical, defense, agriculture, logistics, inspection and maintenance, rescue and security, construction, and professional cleaning among others, whereas personal service robots are used for domestic and entertainment and leisure purpose. The high initial investment and concern for human safety restricts the growth of the market.
Impact of COVID-19 on Service Robotics Market
The COVID-19 outbreak has become a global stress test. As the number of people infected with the virus continues to rise around the world, uncertainties about global economic growth increases. The COVID-19 disease has infected more than 1.8 Million people worldwide, with United States accounting for around 30% of cases. Globally the death toll has surpassed 110,860, according to the latest statistics from the Worldometers (as of April 12, 2020). The number is still growing, and the duration of the pandemic is still difficult to predict.

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Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.
Research Methodologies
Primary Research Methodologies: Questionnaires, Surveys, Interviews with Individuals, Small Groups, Telephonic Interview, etc.
Secondary Research Methodologies: Printable and Non-printable sources, Newspaper, Magazine and Journal Content, Government and NGO Statistics, white Papers, Information on the Web, Information from Agencies Such as Industry Bodies, Companies Annual Report, Government Agencies, Libraries and Local Councils and a large number of Paid Databases.

Browse our full report with Table of Content :
https://www.bharatbook.com/marketreports/global-service-robotics-market-and-volume-analysis-by-type-professional-service-robots-personal-and-domestic-service-rob/1961168

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Last Updated January 14, 2021