Growth Opportunities in Service Robots, Global, 2025-2029

AI-Powered Service Robots Are Driving Transformational Growth Due to Aging Populations and Labor Shortages

This study examines growth opportunities in the global service robot market across industries. Advancements in AI, machine vision, NLP, and autonomous navigation are driving a transformative shift in how service robots assist humans in both non-industrial and industrial settings.

Aging demographics, rising labor costs, and workforce shortages are accelerating interest in adoption. Logistics remains the leading application, while healthcare, hospitality, and domestic care are gaining momentum. However, high initial costs and data security concerns continue to challenge SMBs and caregivers. This study outlines the factors driving and restraining market growth and assesses their impact over the forecast period (2025-2029).

It also highlights the distinction between personal and professional service robots, maps key stakeholders, and summarizes recent M&A, partnerships, and new product developments. Finally, the study identifies major application-level growth opportunities and provides guidance on how to leverage them.