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The service robotics market size is forecast to increase by USD 90.41 billion at a CAGR of 30.25% between 2023 and 2028. The market is experiencing robust growth due to the escalating demand for automated processes across various industries. Robotics is gaining popularity in sectors such as manufacturing, healthcare, hospitality, and retail, among others, to boost productivity, enhance efficiency, and ensure uniform service delivery. Moreover, governments globally are extending financial support and incentives for robotics, contributing to market expansion. However, the substantial cost of acquiring and maintaining robotic systems remains a significant hurdle for market growth. Nevertheless, technological advancements and the increasing affordability and accessibility of robotic systems, including household robots, are anticipated to propel market growth in the forthcoming years.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Environment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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