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The global service robotics market is expected to experience significant growth in the coming years, driven by the increasing adoption of service robots in various industries such as retail, healthcare, and hospitality. SoftBank Robotics, a key player in the market, has made significant contributions in improving human-robot interaction through their development of humanoid robots. The market is expected to reach a value of USD 134.64 billion by 2031, growing at a CAGR of 16.60% during the forecast period.