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Global Service Robotics Market to Reach $110.4 Billion by 2026

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New York, May 23, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Service Robotics Industry” – https://www.reportlinker.com/p0305182/?utm_source=GNW
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Global Service Robotics Market to Reach $110.4 Billion by 2026

Robots have become the mainstream technology in the manufacturing industry owing to their immense advantages in terms of cost, productivity, defective products and efficiency. Ongoing progress in robotics technology is expected to pave way for huge adoption of robots in the service industry. Driven by the advancements, service robotics market has transformed significantly and is now able to perform varied tasks ranging from highly complex surgeries to unmanning defense vehicles. While advanced technology is enabling robots to perform diverse tasks, latest concepts like biometric recognition, 5G and artificial intelligence are facilitating virtualization of service robots. Professional service robots are increasingly being commercialized, owing to their usefulness in specific purposes and clearly defined business objectives that can be realized with modest R&D efforts. Domestic or personal use robots are likely to be mass-produced, given their valuable ability to relive time stressed home owners/makers from everyday household chores like home vacuuming and floor cleaning.

Amid the COVID-19 crisis, the global market for Service Robotics estimated at US$34.4 Billion in the year 2020, is projected to reach a revised size of US$110.4 Billion by 2026, growing at a CAGR of 21.2% over the analysis period. Hardware, one of the segments analyzed in the report, is projected to record 20.7% CAGR and reach US$95.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the SOFTWARE segment is readjusted to a revised 22.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $13.6 Billion in 2021, While China is Forecast to Reach $9.5 Billion by 2026

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The Service Robotics market in the U.S. is estimated at US$13.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.5 Billion by the year 2026 trailing a CAGR of 27.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.1% and 19.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 20.1% CAGR. In the US, rapid increase in capabilities and fast-paced adoption of automation in various industries is fueling demand for service robots in the defense and healthcare sectors. The presence of several leading vendors of service robots is enabling large-scale production of service robots in the region. In Asia-Pacific region, growth is being supported by rising demand for service robots in household, defense, security and rescue, and medical applications. The region also represents a strong market for domestic and entertainment robots.
Select Competitors (Total 122 Featured) –

  • Aethon, Inc.
  • Gecko International Corporation
  • Hanool Robotics Corp.
  • Honda Motors Co., Ltd.
  • Husqvarna AB
  • Iberobotics S.L.
  • Intuitive Surgical, Inc.
  • iRobot Corporation
  • KUKA Aktiengesellschaft
  • LG Electronics, Inc.
  • RedZone Robotics
  • RoboBuilder Co., Ltd.
  • ROBOSOFT
  • SeaRobotics Corporation
  • Samsung Electronics Co., Ltd.
  • Toyota Motor Corporation
  • Yujin Robot Co., Ltd.
  • WowWee Group Limited
  • Zucchetti Group

Read the full report: https://www.reportlinker.com/p0305182/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
World Economic Growth Projections (Real GDP, Annual % Change)
for 2019, 2020 & 2021
Service Robots Garner Attention as Critical Resource to Combat
COVID-19 Pandemic
Emphasis on Social Distancing and Cleanliness Throws Attention
on Service Robots
Reported Use of Service Robots for COVID-19
Significance of Robots in Combating the Pandemic Attracts
Government Investments
Hotels Embrace Service Robots to Cope Up with Socially-
Distanced Approach to Life
Service Robots to Aid Revival of Hospitality Industry: YoY %
Change in Hotel RevPAR in Europe amid COVID-19: March 2020 to
May 2020
Service Robotics – Global Key Competitors Percentage Market
Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)
Robots: The Marvels of Modern Engineering
Service Robotics: The New Emerging Frontier
Types of Service Robots
Personal Robots
Global Personal Service Robotics Market Share Breakdown of
Volume Sales by Application Segment: 2019
Professional Service Robot
Global Professional Service Robotics Market Share Breakdown of
Volume Sales by Application Segment: 2019
Market Outlook
Developing Countries to Spur Future Market Growth
Compelling Benefits & Technological Advances Set Perfect
Background for Expansion of Global Professional Service Robots
Market
Challenges Confronting Service Robotics Market
Competitive Landscape
Service Robotics Manufacturing Landscape (2019): Percentage
Breakdown of Number of Service Robotic Manufacturers by
Geographic Region
Funding in Robotics Companies Continues to Grow
Number of Startups by Region: 2019
Select Startups in Service Robotics
Robotics Investments in June 2020
Recent Industry Activity
World Brands

2. FOCUS ON SELECT PLAYERS

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3. MARKET TRENDS & DRIVERS
Artificial Intelligence Brings in a Transformation in Service
Robotics
Collaborative Robots to Drive Growth in the Non-Industrial
Robots Market
Robotics-As-A-Service (RaaS) Garners Attention
Innovative RaaS Platforms
Manufacturers Focus on Service Robots with Impressive Computing
Power
Approaches to Overcome Technological Challenges
Medical Applications: An Expanding Market for Professional
Service Robotics
Professional Service Robots in Medical Applications (2019):
Percentage Breakdown of Unit Sales by Application
Usage Benefits of Service Robots in Surgical Procedures:
A Comparative Study of Mean Blood Loss (ml) and Period of
Hospital Stay in Robotic Vs Traditional Procedures by Surgery
Type – Hysterectomy and Prostatectomy
Service Robots in Surgeries
Service Robots Aid in Patient Rehabilitation
Defense Applications: A Key Market for Professional Service Robots
Exoskeleton Robots Set to Register Strong Growth
Government Spending on Military & Defense: A Determinant of
Growth in Defense Robots Market
Impact COVID-19 on Defense Spending
Global Defense, Health & Energy R&D as a % of GDP
Global Defense Spending (In US$ Billion) for Years 2016, 2017,
2018, 2019, 2020 & 2023
Field Applications Drive Growth in Professional Service
Robotics Market
Global Field Robots Market (2019): Percentage Breakdown of Unit
Sales for Milking Robots and Others
Milking Systems with Advanced Features to Improve Adoption Rate
Positive Outlook for Dairy Industry Augurs Well for Robotic
Milking Systems
Global Dairy Products Market in US$ Billion: 2019 & 2025
Developments in AI, Machine Vision & Machine Learning Remain
Critical to Commercialization & Growth
Rising Penetration of Robotics in Agricultural Sector Bodes Well
Worsening Labor Shortages & Rising Labor Costs Drives Interest
in Autonomous/Robotic Tractors
Contracting Agricultural Labor Drives Demand for Robots and
Autonomous Farm Equipment: Agricultural Employment as % of
Total Employment for the Period 2000-2020
Automated & Robotic Equipment to Foray into Food Service Sector
Robot Chefs – Revolutionizing Restaurant Operations
Contact-less Machines and Robots Address the Shifting Consumer
Mindset
Logistics Application Segment to Catalyze Growth of
Professional Service Robots Market
Package Delivery Gains Significance amid Rise in e-commerce
Global e-Commerce Sales as Percentage of Total Retail Sales:
(2015-2021E)
Humanoid Robots for Personalized & Interactive Experience in Banks
Robotics in Hospitality Industry: Promising Future Ahead
Personal Robots Garner Momentum
Expanding Application Possibilities Broadens the Market
Advanced Service Robots for Homeowners
Aging Population Lends Traction to Eldercare-Assistive Robots
Table 22: Aging Population to Fuel Need for Care Robots –
Population of 60+ Individuals in ?000s for 2019, 2030, 2050, &
2100
Home-Help Robots for Retirees: The Next Frontier of Robotic
Advancements
Handicap Assistance Robots: A Key Opportunity
Sales of Mobile Robots on the Rise
Robotic Vacuum Cleaners Market for Home Use: Promising Growth
Opportunities
Global Vacuum Cleaners Market (2012 & 2022): Percentage
Breakdown of Value sales for Robotic Vacuum Cleaners and
Traditional Vacuum Cleaners
Telepresence to Revolutionize Service Robots Industry
Customizable & Networked Robots: Emerging Revenue Spinners

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Service Robotics by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America and Rest of World
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Service Robotics by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Service Robotics by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World Markets for Years 2012, 2021 & 2027

Table 4: World Recent Past, Current & Future Analysis for
Hardware by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

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Table 5: World Historic Review for Hardware by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR

Table 6: World 15-Year Perspective for Hardware by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America and
Rest of World for Years 2012, 2021 & 2027

Table 7: World Recent Past, Current & Future Analysis for
Software by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 8: World Historic Review for Software by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR

Table 9: World 15-Year Perspective for Software by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America and
Rest of World for Years 2012, 2021 & 2027

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Table 10: World Recent Past, Current & Future Analysis for
Professional by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 11: World Historic Review for Professional by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR

Table 12: World 15-Year Perspective for Professional by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2021 & 2027

Table 13: World Recent Past, Current & Future Analysis for
Personal by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 14: World Historic Review for Personal by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR

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Table 15: World 15-Year Perspective for Personal by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America and
Rest of World for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in the United States for 2022 (E)
Market Overview
Table 16: USA Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 17: USA Historic Review for Service Robotics by Component –
Hardware and Software Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR

Table 18: USA 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027

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Table 19: USA Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 20: USA Historic Review for Service Robotics by Category –
Professional and Personal Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR

Table 21: USA 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

CANADA
Table 22: Canada Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 23: Canada Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

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Table 24: Canada 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027

Table 25: Canada Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 26: Canada Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 27: Canada 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

JAPAN
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Japan for 2022 (E)
Market Overview
Table 28: Japan Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

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Table 29: Japan Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 30: Japan 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027

Table 31: Japan Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 32: Japan Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 33: Japan 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

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CHINA
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in China for 2022 (E)
Market Overview
Food Service Robots Continue to Gain Popularity
Robots for Learning & Cleaning Gain Interest
Household Cleaning Robots Find Favor among Chinese Consumers
Medical Robotics Sector: A Promising Market
Table 34: China Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 35: China Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 36: China 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027

Table 37: China Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 38: China Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

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Table 39: China 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

EUROPE
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Europe for 2022 (E)
Market Overview
Table 40: Europe Recent Past, Current & Future Analysis for
Service Robotics by Geographic Region – France, Germany, Italy,
UK, Spain, Russia and Rest of Europe Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2020
through 2027 and % CAGR

Table 41: Europe Historic Review for Service Robotics by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2012 through 2019 and % CAGR

Table 42: Europe 15-Year Perspective for Service Robotics by
Geographic Region – Percentage Breakdown of Value Revenues for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2012, 2021 & 2027

Table 43: Europe Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

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Table 44: Europe Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 45: Europe 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027

Table 46: Europe Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 47: Europe Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 48: Europe 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

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FRANCE
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in France for 2022 (E)
Table 49: France Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 50: France Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 51: France 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027

Table 52: France Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 53: France Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

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Table 54: France 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

GERMANY
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Germany for 2022 (E)
Table 55: Germany Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 56: Germany Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 57: Germany 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027

Table 58: Germany Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

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Table 59: Germany Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 60: Germany 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

ITALY
Table 61: Italy Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 62: Italy Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 63: Italy 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027

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Table 64: Italy Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 65: Italy Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 66: Italy 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

UNITED KINGDOM
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in the United Kingdom for 2022 (E)
Table 67: UK Recent Past, Current & Future Analysis for Service
Robotics by Component – Hardware and Software – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 68: UK Historic Review for Service Robotics by Component –
Hardware and Software Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR

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Table 69: UK 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027

Table 70: UK Recent Past, Current & Future Analysis for Service
Robotics by Category – Professional and Personal – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 71: UK Historic Review for Service Robotics by Category –
Professional and Personal Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2012 through 2019 and
% CAGR

Table 72: UK 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

SPAIN
Table 73: Spain Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

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Table 74: Spain Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 75: Spain 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027

Table 76: Spain Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 77: Spain Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 78: Spain 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

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RUSSIA
Table 79: Russia Recent Past, Current & Future Analysis for
Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 80: Russia Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 81: Russia 15-Year Perspective for Service Robotics by
Component – Percentage Breakdown of Value Revenues for Hardware
and Software for the Years 2012, 2021 & 2027

Table 82: Russia Recent Past, Current & Future Analysis for
Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 83: Russia Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

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Table 84: Russia 15-Year Perspective for Service Robotics by
Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

REST OF EUROPE
Table 85: Rest of Europe Recent Past, Current & Future Analysis
for Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 86: Rest of Europe Historic Review for Service Robotics
by Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 87: Rest of Europe 15-Year Perspective for Service
Robotics by Component – Percentage Breakdown of Value Revenues
for Hardware and Software for the Years 2012, 2021 & 2027

Table 88: Rest of Europe Recent Past, Current & Future Analysis
for Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

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Table 89: Rest of Europe Historic Review for Service Robotics
by Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 90: Rest of Europe 15-Year Perspective for Service
Robotics by Category – Percentage Breakdown of Value Revenues
for Professional and Personal for the Years 2012, 2021 & 2027

ASIA-PACIFIC
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Asia-Pacific for 2022 (E)
Table 91: Asia-Pacific Recent Past, Current & Future Analysis
for Service Robotics by Geographic Region – South Korea and
Rest of Asia-Pacific Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2020 through 2027 and % CAGR

Table 92: Asia-Pacific Historic Review for Service Robotics by
Geographic Region – South Korea and Rest of Asia-Pacific
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2012 through 2019 and % CAGR

Table 93: Asia-Pacific 15-Year Perspective for Service Robotics
by Geographic Region – Percentage Breakdown of Value Revenues
for South Korea and Rest of Asia-Pacific Markets for Years
2012, 2021 & 2027

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Table 94: Asia-Pacific Recent Past, Current & Future Analysis
for Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 95: Asia-Pacific Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 96: Asia-Pacific 15-Year Perspective for Service Robotics
by Component – Percentage Breakdown of Value Revenues for
Hardware and Software for the Years 2012, 2021 & 2027

Table 97: Asia-Pacific Recent Past, Current & Future Analysis
for Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 98: Asia-Pacific Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

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Table 99: Asia-Pacific 15-Year Perspective for Service Robotics
by Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

SOUTH KOREA
Market Overview
Table 100: South Korea Recent Past, Current & Future Analysis
for Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 101: South Korea Historic Review for Service Robotics by
Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 102: South Korea 15-Year Perspective for Service Robotics
by Component – Percentage Breakdown of Value Revenues for
Hardware and Software for the Years 2012, 2021 & 2027

Table 103: South Korea Recent Past, Current & Future Analysis
for Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

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Table 104: South Korea Historic Review for Service Robotics by
Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 105: South Korea 15-Year Perspective for Service Robotics
by Category – Percentage Breakdown of Value Revenues for
Professional and Personal for the Years 2012, 2021 & 2027

REST OF ASIA-PACIFIC
India
Table 106: Rest of Asia-Pacific Recent Past, Current & Future
Analysis for Service Robotics by Component – Hardware and
Software – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 107: Rest of Asia-Pacific Historic Review for Service
Robotics by Component – Hardware and Software Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 108: Rest of Asia-Pacific 15-Year Perspective for Service
Robotics by Component – Percentage Breakdown of Value Revenues
for Hardware and Software for the Years 2012, 2021 & 2027

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Table 109: Rest of Asia-Pacific Recent Past, Current & Future
Analysis for Service Robotics by Category – Professional and
Personal – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 110: Rest of Asia-Pacific Historic Review for Service
Robotics by Category – Professional and Personal Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 111: Rest of Asia-Pacific 15-Year Perspective for Service
Robotics by Category – Percentage Breakdown of Value Revenues
for Professional and Personal for the Years 2012, 2021 & 2027

LATIN AMERICA
Service Robotics Market Presence – Strong/Active/Niche/Trivial –
Key Competitors in Latin America for 2022 (E)
Table 112: Latin America Recent Past, Current & Future Analysis
for Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 113: Latin America Historic Review for Service Robotics
by Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

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Table 114: Latin America 15-Year Perspective for Service
Robotics by Component – Percentage Breakdown of Value Revenues
for Hardware and Software for the Years 2012, 2021 & 2027

Table 115: Latin America Recent Past, Current & Future Analysis
for Service Robotics by Category – Professional and Personal –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 116: Latin America Historic Review for Service Robotics
by Category – Professional and Personal Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 117: Latin America 15-Year Perspective for Service
Robotics by Category – Percentage Breakdown of Value Revenues
for Professional and Personal for the Years 2012, 2021 & 2027

REST OF WORLD
Table 118: Rest of World Recent Past, Current & Future Analysis
for Service Robotics by Component – Hardware and Software –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

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Table 119: Rest of World Historic Review for Service Robotics
by Component – Hardware and Software Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 120: Rest of World 15-Year Perspective for Service
Robotics by Component – Percentage Breakdown of Value Revenues
for Hardware and Software for the Years 2012, 2021 & 2027

Table 121: Rest of World Recent Past, Current & Future Analysis

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Artificial Intelligence

Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services

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LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation. 

Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
Contact:
Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]
About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
Visit ViCA.Chat to learn more.
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Artificial Intelligence

LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.

Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany),  Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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Perimeter Security Market- Global Forecast to 2029
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Smart Water Management Market – Global Forecast to 2028
Rail Asset Management Market – Global Forecast to 2026
Get access to the latest updates on LoRa and LoRaWAN IoT Companies and LoRa and LoRaWAN IoT Industry
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
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Artificial Intelligence

Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup

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HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.

Optimized Visuals Tailored for Football Dynamics
The Toshiba REGZA Engine ZRi in Z670 transports football fans into the heart of the action. With the AI Football Mode, they’ll be able to see fast-moving objects crystal clear and football field actions much enriched. To see their favourite player score that winning goal, the AI Picture Optimizer automatically adjusts visual contrast and precision adapted to the game. From vivid green fields and vibrant player kits, every play comes to life with AI 4K Upscaling and Quantum Dot Color, transforming lower-resolution broadcasts into near-4K quality and unleashing lifelike visual color.
Powerful Audio Effects for a Live Stadium Experience
The Toshiba TV Z670’s powerful audio system makes viewers feel like they’re right in the game. With the REGZA Bass Woofer Pro, Tru Bass Booster, and Dolby Atmos, they’ll experience heart-thumping 3D surround sound that captures the live stadium atmosphere. Whether it’s the roar of the crowd or the intensity of each play, the rich audio brings the excitement of each game right into their room.
Bringing Everyone Together for UEFA EURO 2024™
Available in sizes ranging from 55″ to 85″, Z670 is equipped with a Wide Viewing Angle and Anti-reflection features that ensures a clear picture from all viewing positions with the non-glare panel. Gather everyone for “Brilliant Every Moment” in UEFA EURO 2024™ with Toshiba TV!
Please find the high-resolution TVC here: Link
About Toshiba TV:
With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.
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