Service Robotics Market Summary
The global Service Robotics Market was valued at USD 47.10 billion in 2024 and is projected to grow from USD 53.70 billion in 2025 to USD 98.65 billion by 2029, at a CAGR of 15.9% during the forecast period.
The market is propelled by the increasing adoption of service robots across various industries, including healthcare, logistics, hospitality, construction, and agriculture. Key technological advancements such as the integration of the Internet of Things (IoT), Artificial Intelligence (AI), and robotics as a service (RaaS) are driving the market forward. These innovations enhance predictive maintenance, streamline operations, and improve the return on investment for businesses leveraging robotics.
Key Takeaways:
• The global Service Robotics Market was valued at USD 47.10 billion in 2024 and is projected to grow from USD 53.70 billion in 2025 to USD 98.65 billion by 2029, at a CAGR of 15.9% during the forecast period.
• By Product: Ground-based robots are gaining traction due to their high accessibility, low cost, and productivity benefits. Drones and automated guided vehicles (AGVs) are notably used in logistics and warehousing for tasks like order picking and delivery.
• By Application: The healthcare sector is a significant adopter of service robots for surgeries and patient care, including medication administration and elderly entertainment. The hospitality industry utilizes robots for room service and food delivery, enhancing guest experiences.
• By Technology: Artificial Intelligence and IoT are pivotal in advancing service robotics capabilities, enabling features such as vision guidance and telepresence. These technologies improve robotic efficiency and effectiveness in various applications.
• By End User: Service robots are increasingly used in professional settings such as hazardous environments, hospitals, and public buildings, as well as for personal purposes like home assistance, education, and entertainment.
• By Region: ASIA PACIFIC is expected to grow the fastest at a 17.8% CAGR, driven by increased robot adoption in countries like China and Japan for both personal and professional applications.
• Market Dynamics: Key drivers include the adoption of robots to achieve high returns on investment and reduce operational costs. Challenges such as data privacy concerns and technical issues persist, but opportunities abound in assisting the handicapped and elderly.
The service robotics market is poised for significant growth, fueled by both technological advancements and expanding applications across industries. With the integration of AI and IoT, service robots are becoming increasingly sophisticated, offering enhanced capabilities and efficiencies. The Asia Pacific region, in particular, presents substantial growth opportunities due to its rapid adoption of robotics technology. As the market evolves, the focus on improving robot endurance and capability, along with innovations like swarm intelligence, will likely shape the future landscape of service robotics, presenting lucrative opportunities for market participants.
Renate
Oct, 2014
Interested in market size of defense service robots and also home service robots with information related to competitors and market projections..
Harrison
Jun, 2015
Interested in office and enterprise robotic applications, telepresence robots, trend toward robot vendors having SDKs..
Raphael
Jan, 2017
Hi, Is it possible to purchase only market for logistics? Do you have market reports on software, integration services, and operational services for logistics robots with, e.g., warehouse execution systems? .
Andrew
Sep, 2016
Please send me some sample info that I can use to get a client to buy the full report OR come back with a custom request. .
Harrison
Aug, 2016
In extrapolating the market growth, was the assumption that the market will be composed of unique robot hardware plus software applications? Or, did you consider a paradigm shift that would occur with a cloud-connected standard robot platform plus a robust 3rd party developer program based on an SDK and API by which software entrepreneurs can enter the market?.
Ruben
Aug, 2014
Interested on finding out how much semiconductor content, market potential per technology is present in the consumer or service robotics market..
Rory
Jul, 2015
I am specifically interested in the breakdown of the service robotics market by component and application..
Di
May, 2019
we want to understand the competitive landscape of the service robot market, and who are the leading players. Moreover, whether their products and techniques can be effectively used under the scenario of living community or workplace in china..
Yee
May, 2017
Hi, we are interested in the report and require additional information for existing report. We will communicate our requirements to you via email..