The service robotics market is projected to grow from USD 55.60 billion in 2025 to USD 168.66 billion by 2033, driven by labor shortages, AI advancements, and increasing demand in healthcare, logistics, and hospitality sectors.

iRobot filed for Chapter 11 bankruptcy after its proposed Amazon acquisition was blocked, leading to a potential takeover by a Chinese robotics manufacturer and criticism of Senator Elizabeth Warren's role in preventing the original deal.

iRobot filed for Chapter 11 bankruptcy protection, with plans to be acquired by Picea Robotics. The company faced significant challenges due to tariff policies, declining sales, and a failed Amazon acquisition, leading to substantial financial losses.

The Trump Administration is signaling increased support for robotics development, with Commerce Secretary Howard Lutnick meeting industry CEOs and planning an executive order, which sparked significant movement in robotics and autonomous vehicle stocks.

Small-cap technology companies in robotics and AI are leveraging strategic acquisitions to scale operations, generate revenue, and prepare for potential uplisting to national exchanges, with Nightfood Holdings emerging as a notable example of this trend.