Key regions: South Korea, Germany, Japan, Canada, France
The Service robotics market in Israel has been experiencing slow growth, influenced by factors such as limited awareness and adoption of digital technologies, as well as the preference for traditional service providers. However, increasing health and safety concerns, along with the convenience of online services, are expected to drive growth in the Domestic and Entertainment sub-markets.
Customer preferences: As Israel's population ages, there has been a growing demand for consumer service robotics in the healthcare sector. This is driven by the need for more efficient and personalized care, as well as the desire for greater independence among the elderly. As a result, there has been a rise in the use of robotic assistants for tasks such as medication management and mobility assistance. Additionally, there has been a growing interest in robotic companions for emotional support and social interaction, particularly among the elderly population.
Trends in the market: In Israel, the Consumer service robotics Market of the Service robotics Market within the Robotics Market is seeing a surge in demand for personal and household robots. These robots are designed to assist with daily tasks, such as cleaning, cooking, and even providing companionship. This trend is expected to continue as the country's population ages and there is a growing need for in-home care solutions. Additionally, there is a rise in the use of AI and advanced sensors in these robots, making them more efficient and intuitive. This could have significant implications for industry stakeholders, as it presents opportunities for innovation and market growth in the service robotics sector.
Local special circumstances: In Israel, the Consumer service robotics Market is growing due to the country's advanced technological landscape and high demand for innovative solutions. This is driven by the nation's strong focus on research and development, as well as its thriving startup culture. Additionally, Israel's strict regulations on labor and employment have led to an increased interest in automation and service robotics, making it a unique market within the global Service robotics Market.
Underlying macroeconomic factors: The Consumer service robotics Market of the Service robotics Market within the Robotics Market is heavily influenced by macroeconomic factors such as technological advancements, consumer demand for convenience and efficiency, and government initiatives promoting the use of robotics in various industries. Countries with strong economic growth and a high level of technological innovation, such as Israel, are experiencing a surge in the adoption of service robotics. Additionally, the increasing focus on cost reduction and labor efficiency in the consumer service sector is driving the demand for service robotics solutions.
Data coverage:
The data encompasses B2B and B2C revenues. Figures are based on the country’s demand for robotics in manufacturer prices.Modeling approach / Market size:
Market sizes are determined through a regional bottom-up approach, and further detailed by a top-down rationale for each market segment. As a basis for evaluating markets, we use trade data of the respective economic sector. Furthermore, we use relevant key market indicators such as level of automation and digitization or the economy composition to estimate each country's specialization in demand and supply. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques but primarly exponential smoothing. The selection of forecasting techniques is based on the behavior of the relevant market.Additional notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.
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