The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Market Landscape: Growth Overview

• Exponential rise from $46.2 billion in 2023 to $64.29 billion in 2024.
• Compound annual growth rate (CAGR) of 39.1% attributed to labor shortages, industry-specific solutions, cost reduction, aging population, safety, and efficiency.
• Forecasted growth to $244.91 billion in 2028 with a CAGR of 39.7%.
• Predicted factors: AI advancements, healthcare, logistics, collaborative robots, autonomous vehicles.

The Surge in Automation Demand Boosts the Professional Service Robot Market

• Automation demand across industries driving market growth.
• Benefits: enhanced production rates, improved safety, cost reduction.
• Example: Bank of America analysis predicts significant job cuts by 2022 due to automation.
• Market players: Northrop Grumman, Boston Dynamics, iRobot, Samsung Electronics, and more.

View More On The Professional Service Robots Market Report 2024 – https://www.thebusinessresearchcompany.com/report/professional-service-robots-global-market-report

Product Innovation Fuels Professional Service Robot Market

• Companies developing state-of-the-art robots for expanded customer base and revenue.
• Example: Amazon’s Sparrow, an intelligent robotic system for warehouses.
• Sparrow utilizes computer vision and AI for efficient inventory management.
• Accenture’s acquisition of Pollux to enhance automation and industrial robotics.

Segmenting the Market

• Types: UAV, Unmanned Ground Based Vehicles, Demining Robots, Defense Robot, Construction Robots, Other Types.
• Offerings: Hardware, Software.
• Applications: Oil And Gas, Construction And Building, Mining And Metallurgical, Defense And Military, Automotive, Medical, Logistics, Other Applications.
• End-use: Residential, Commercial, Industrial.

Regional Dynamics

• North America leads the market in 2023 and expected to be the fastest-growing region.
• Regional trends shaping market dynamics.

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The Professional Service Robots Global Market Report 2024  provides comprehensive insights on the professional service robots market size, trends and drivers, opportunities, strategies, and competitor analysis. The countries covered in the professional service robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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