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The Global Service Robotics market is expected to reach $110.4 billion by 2026, according to a new report by Grand View Research, Inc. The Global Service Robotics Market is expected to expand at a CAGR of 11.8% from 2020 to 2026, according to the Nonprofit Fundraising.

The major factors driving the market growth are increasing demand for automated and autonomous services, growing industrial automation opportunities and growing demand for smart robots in various industries such as healthcare, retail, transportation & logistics and others.

Increasing use of automation technologies across various industry verticals like automotive manufacturing and aerospace are also expected to boost the market growth over the next five years.

-- Edited by davidjames on Wednesday 16th of November 2022 05:44:54 AM

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The prediction of the global service robot market reaching USD 110.4 billion by 2026 is quite accurate and is given by many reliable sources, wordle including market reports by research and analysis companies markets such as MarketsandMarkets and ResearchAndMarkets.

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