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1. #SOFTBANK EXPECTS MASS PRODUCTION DRIVERLESS YEARS PROFESSIONAL#
2. #SOFTBANK EXPECTS MASS PRODUCTION DRIVERLESS YEARS SERIES#

The company specializes in developing autonomous cleaning robots and is known for its flagship product, Neo 2.

#SOFTBANK EXPECTS MASS PRODUCTION DRIVERLESS YEARS SERIES#

In 2022, Avidbots, a Canadian robotics company, successfully raised USD 70 million in a Series C funding round.Key Developments in the Service Robotics Market Speak to Analyst for your custom requirements: Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market.

Countries such as China, Japan, South Korea, and India are particularly driving the market for service robots in the region.Ī comprehensive analysis of the major players in the service robotics market has been recently conducted in a report. This growth is attributed to several factors, including a large consumer base and increasing demand for service robots. Regional markets in the Asia Pacific are experiencing rapid growth and are considered one of the fastest-growing regions globally. This segment encompasses various subsectors, including agriculture and forestry, military, transportation and logistics, uncrewed vehicles, construction and demolition, medical, retail, and among others. The industrial and commercial segment is poised to harden its position as the market leader and witness significant growth in the service robotics industry. Industrial and Commercial Segment is Expected to Dominate the Market Due to Rising Optimization of Manufacturing Processes The North America presents a robust demand for their products while automation solution providers such as ABB Ltd., FANUC, KUKA AG, and Yaskawa have global companies. The market in North America holds a significant market share in the service robotics industry, primarily due to the strong presence of prominent global manufacturers in the region. The service robotics market has experienced robust development, driven by the growing adoption of robots in the logistics, defence, construction, and healthcare sectors. This segment has witnessed significant expansion in recent years due to the increased demand for service robots across various sectors.

#SOFTBANK EXPECTS MASS PRODUCTION DRIVERLESS YEARS PROFESSIONAL#

The professional service robot category is expected to capture a larger market share during the forecast period. Professional Service Robot Segment is Expected to Grow the Market Due to Increased Demand for Service Robots (a subsidiary of John Deere)īrowse summary of the report and Complete Table of Contents (ToC): Prominent Players in Service Robotics Market Personal service robots, designed for household and entertainment purposes, are becoming increasingly common in homes, while professional service robots are finding applications in areas such as defence, security, and medical assistance. Service robots, encompassing personal and professional applications, are experiencing a surge in popularity as technological advancements and the availability of more affordable options have significantly increased their adoption among consumers. Innovations in cognition, interaction, and manipulation have revolutionized the capabilities of service robots, making them more versatile and effective in performing a wide range of tasks.īrowse in-depth TOC on the "Service Robotics Market." Westford, USA, J(GLOBE NEWSWIRE) - According to SkyQuest, the continuous advancement of technology has significantly contributed to the increasing appeal of service robotics.