Key regions: France, United Kingdom, United States, Canada, South Korea
The service robotics market in Israel has been experiencing a slight decline in growth, influenced by various factors such as limited adoption of advanced technologies, low health awareness among consumers, and the preference for traditional healthcare services.
Customer preferences: The increasing adoption of smart home technology and the growing trend of aging in place among older adults have led to a rise in demand for service robotics in the Israeli market. These robots are designed to assist with household tasks and provide companionship, catering to the needs of an aging population. Additionally, the COVID-19 pandemic has accelerated the adoption of service robots in healthcare settings for tasks such as disinfection and delivery of medical supplies, highlighting the importance of contactless solutions in the current climate.
Trends in the market: In Israel, the Service robotics Market within the Robotics Market is experiencing a surge in demand for autonomous drones and robots for security and surveillance purposes. This trend is expected to continue as the government and private sector invest in advanced technologies to enhance national security. Additionally, there is a growing trend towards using service robots in healthcare, education, and hospitality industries to improve efficiency and reduce human contact. This presents significant opportunities for industry stakeholders to develop innovative solutions and expand their market reach.
Local special circumstances: In Israel, the Service robotics Market within the Robotics Market is thriving due to the country's advanced technological capabilities and strong government support for innovation. The small size of the country also allows for efficient and quick adoption of new robotics solutions. Additionally, Israel's strong military and security sectors have led to the development of advanced robotics for defense and security purposes, which has also translated into the commercial market. The country's strong focus on research and development, along with a highly skilled workforce, further contribute to Israel's competitive edge in the Service robotics Market.
Underlying macroeconomic factors: The Service robotics Market within the Robotics Market market in Israel is heavily influenced by macroeconomic factors such as technological advancements, government support, and investment in research and development. Israel's strong focus on innovation and technology, coupled with its stable economic growth and supportive government policies, has created a favorable environment for the growth of the service robotics market. Furthermore, the country's high healthcare spending and aging population are also driving the demand for service robotics solutions in the healthcare sector.
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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