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General: Service Robotics Market Size, Share, Price, Forecast 2021-2026
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| From: Paul Flint (Original message) |
Sent: 15/03/2021 10:59 |
The Service Robotics Market is projected to grow from USD 37.0 billion in 2020 to USD 102.5 billion by 2025; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 22.6% from 2020 to 2025. The adoption of service robots provides a high ROI for commercial users, mainly due to decrease in labor costs. This is one of the primary drivers for its adoption. In tandem, there has been a sharp increase in the funding for research on robots by both the government as well as key market players. |
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