The service robot market has undergone major changes over the past years. AI and machine learning enabled the development of machines capable of performing a variety of tasks with greater accuracy and efficiency than ever before.
As a result, the entire sector has skyrocketed, growing much faster than the industrial robot market.
According to data presented by Altindex.com, the service robots market is expected to grow by 66 percent and reach a value of $55 billion by 2028, showing six times bigger growth than the industrial robots segment.
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