PUBLISHER: Polaris Market Research | PRODUCT CODE: 1903844
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1903844
The service robotics market size is expected to reach USD 167.88 billion by 2034, according to a new study by Polaris Market Research. The report "Service Robotics Market Share, Size, Trends, Industry Analysis Report: By Type (Professional Service Robots, Personal Service Robots), By End Use, By Component, By Region; Market Forecast, 2026-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Service robots are designed to assist humans by performing tasks in nonindustrial environments. These robots operate autonomously or semi-autonomously. Sectors such as healthcare, logistics, agriculture, and hospitality use these robots. They utilize technologies such as artificial intelligence (AI), machine learning (ML), and advanced sensors. Adoption of these technologies help enhance efficiency, accuracy, and convenience in their operations.
Key factors such as technological innovations that reduce costs and enhance functionality, the rising need for workforce augmentation, and the expansion of e-commerce boost the service robotics industry growth. Logistics robots streamline supply chains, while agricultural robots boost productivity by automating tasks such as harvesting and weeding. Service robotics market trends include the integration of robotics with Internet of Things (IoT) systems, creating interconnected smart devices that improve service delivery and monitoring. The service robotics industry remains lucrative due to increasing government funding and partnerships with tech firms.
The professional service robots segment, based on type, held a larger market share in 2023 due to their extensive use in logistics, healthcare, and agriculture.
In terms of end use, in 2024, the mobile platform segment held the dominant revenue share due to its widespread adoption across industries for automation, material handling, and autonomous navigation.
In 2024, North America accounted for the largest share due to advanced technological infrastructure and significant investments in robotics.
The Asia Pacific market is expected to register the highest CAGR during the forecast period due to growing automation in manufacturing and rising demand for robots in healthcare and agriculture.
A few global key market players are iRobot Corporation; SoftBank Robotics; Intuitive Surgical, Inc.; ABB Ltd.; KUKA AG; FANUC Corporation; Northrop Grumman Corporation; DJI; Boston Dynamics; Cyberdyne Inc.; Neato Robotics; GeckoSystems International Corporation; Stryker Corporation; Ubtech Robotics; and Blue River Technology.
Where is the Service Robotics Market Headed?
The demand for service robots is expected to surge due to rapid advancements in robotics technology and the growing automation in sectors such as healthcare and logistics. Increased adoption in elderly care, especially in regions with rising aging populations, will create service robotics market opportunities. Companies are increasingly investing in AI-powered robots for personal assistance, rehabilitation, and warehouse management.
What Does Service Robotics Report Reveal?
What is the global market size and CAGR for the market during 2026-2034?
Which factors are contributing to the industry expansion?
What is the impact of artificial intelligence on the market?
What is the difference between professional service robots and personal service robots?
What are the challenges in the service robotics industry? how can they be addressed?
How does the market differ in terms of type, end use, component, and geography? Which is the leading end use?
What are the opportunities in different regional markets, including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa?
Polaris Market Research has segmented the service robotics market report on the basis of type, end use, component, and region:
By Type Outlook (Revenue, USD Billion, 2021-2034)
Professional Service Robots
Personal Service Robots
By End Use Outlook (Revenue, USD Billion, 2021-2034)
Defense
Field
Medical
Transportation and Logistics
Mobile Platforms
Underwater Systems
Construction
Others
By Component Outlook (Revenue, USD Billion, 2021-2034)
Hardware
Software
Services
By Regional Outlook (Revenue, USD Billion, 2021-2034)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America