Shashie Pawar

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Service Robotics Market Estimated To Experience A Hike In Growth By 2022

The trend of automation has gained significant traction and has contributed to the expansion of service robotics. Reports that evaluate the semiconductors and electronics industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is anticipated to achieve USD 20 Billion while progressing at a 15% CAGR in the forecast period.

The expansion of the e-commerce sector globally is expected to motivate the growth of the service robotics market. Moreover, the e-commerce sector is expected to continue its upward growth curve and will thus be crucial to the growth of service robotics. The improvements in AI, advanced sensor technology, Lidar/Radar and GPS are predicted to create viable opportunities for growth in the service robotics market in the approaching period.


 

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