iGATE Research has released a 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"
Click here to view the complete report: https://www.igateresearch.com/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.html
Global Service Robotics Market - Overview
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.
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