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Premium Report Details
Base Year: 2024
Companies covered: 24
Tables & Figures: 660
Countries covered: 18
Pages: 210
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Service Robotics Market
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Service Robotics Market Size
The global service robotics market size was valued at USD 36.1 billion in 2024 and is estimated to grow at CAGR of 17.1% to reach USD 166.6 billion by 2034. The growth of market is attributed to growing shortage of labour, and increasing adoption of robots in sectors such as hospitality, medical, household cleaning.
The increasing demand for automation and need for efficient solutions across industries such as logistics and transportation is driving the demand of service robots market. As the markets worldwide suffer from shortage of labour, there is an increasing demand for automated robotic solutions. According to International Federation of Robotics, the sales of professional services robots for transportation and logistics grew by 35% in 2023.
The adoption of service robots in medical and healthcare is also growing significantly. Medical robots support minimally invasive procedures, customized and frequent monitoring for patients with chronic diseases, intelligent therapeutics, and social engagement for elderly patients. These robots can simplify routine tasks, address staffing shortages and challenges by keeping track of inventory and placing timely orders to help make sure supplies, equipment, and medication are in stock. Cleaning and disinfection robots enable hospital rooms to be sanitized and ready for incoming patients quickly, allowing workers to focus on patient-centric, value-driven work.
Medical robots can also help surgeons achieve new levels of speed and accuracy while performing complex operations with AI- and computer vision?capable technologies. Some surgical robots may even be able to complete tasks autonomously such as minimally invasive surgeries for the torso, and common orthopaedic surgeries, allowing surgeons to oversee procedures from a console. Such factors are driving the adoption of service robots in the medical sector, further propelling the market growth during the forecast period.
According to IFR, the sales of medical robots grew by 36% in 2023 with the highest growth recorded in sales of rehabilitation and non-invasive therapy robots at 128%. Demand for surgical robots rose by 14%, and sales of robots for diagnostics increased by 25%.
In domestic consumer robots segment, there is a growing demand for robots that can assist with household tasks such as cleaning, cooking, and gardening. Factors attributed to the high growth of consumer robots are increasing aging population and the increasing need for convenience and efficiency in daily life. According to IFR, the cleaning robots market grew by 4% in 2023, and floor cleaning is the largest application segment of cleaning robots.
Companies operating in service robotics industry should explore ways to integrate household robots with smart home technologies, possibly opening up new opportunities for partnerships and collaborations with technology companies and increases the competitiveness of the consumer market.
Service Robotics Market Trends
Service Robotics Market Analysis
Based on Component, the market is segmented into hardware, software and services. The hardware is expected to grow significantly owing to the increase in applications such sensors, actuators and motors, power supply, controllers and processors, manipulators.
Based on robot type, the market is segmented into professional and personal.
Based on mobility, the service robotics market is segmented into mobile robots and fixed robots.
Based on technology, the service robotics market is segmented into artificial intelligence, robotic process automation (RPA), computer vision, voice and gesture recognition and autonomous navigation.
Based on application, the market is segmented into healthcare, logistics and warehousing, security and surveillance, education and training and others.
The North America service robotics market is projected to grow significantly, reaching over USD 35.4 billion by 2034. The market for service robots in the North America has many application fields such as healthcare, logistics, agriculture, hospitality, and retail. These robots may aid with cleaning, caregiving, stock management, and customer service. For instance, in March 2023, Brain Corp. collaborated with Walmart to implement robotic scrubber drier solutions for floors. This collaboration will let Walmart automate the floor cleaning in their stores with Brain Corp.'s BrainOS operating system.
The service robotics industry in Europe is expected to experience significant growth with a CAGR of 15.5% by 2034. European nations have directed their investments towards agricultural robotics to provide solution for labour shortages, low output, and the environmentally unfriendly nature of farming. Robots for harvesting, weeding, and monitoring crops and livestock have become more and more popular.
The Asia Pacific service robotics industry is anticipated to witness lucrative growth and is expected to reach over USD 69.4 billion by 2034. The service Robots market Asia Pacific is characterized by diverse features, at different levels of development and usage within different countries. The development of the market is driven by government policies, investments in R&D, industry cooperation, and social factors like aging or shortage of workforce.
The service robotics industry in Latin America is expected to reach over USD 5.4 billion by 2034. In Latin America, Countries where the manufacturing industry is prominent like Mexico and Brazil have begun to utilize industrial service robots within the automotive, electronics and food manufacturing sectors to improve productivity and efficiency as well as output.
The service robotics industry in MEA is expected to reach over 3.9 billion by 2034. The market of service robotics in the MEA region is booming, significantly due to the adoption of robots in healthcare, hospitality, agriculture, and even logistics industries. There has been an increasing demand for service robotics in the MEA healthcare sector. Robots are already serving the roles of surgical aides, caregivers, and even pharmacists. Yaskawa Motoman, for example, established service robotics for the MEA market together with ABB Robotics in March 2023. Yaskawa Motoman’s expertise in robotic arms and ABB Robotics’ proficiency in industrial automation will complement each other.
Service Robotics Market Share
The service robotics industry is highly competitive. Intuitve Surgical, ABB and Ecovacs are the top 3 companies accounting for a significant share of 37.7% in the market. The players in this market compete with one another through technology advancements, price differentiation, and geographical expansion. Intensification of competition will be seen by the rising demand for AI-driven automation, autonomous navigation, and increasing adoption across healthcare, logistics, and domestic applications.
Companies are investing heavily in R&D for developing AI-enabled service robots that will have greater efficiency, enhanced safety, and improved human-machine interaction. Moreover, the integration of AI with the latest technologies, including 5G, edge computing, and machine learning, further intensifies the competition while making innovation the only differentiator. Partnerships and mergers & acquisitions are some of the common strategies adopted by major players to gain market share and remain competitive. Prominent players are forming strategic alliances to co-develop cost-effective robotic solutions to meet the needs of different industries.
Service Robotics Market Companies
List of prominent players operating in the service robotics industry include:
Intuitive Surgical is one of the foremost players of medical service robotics and is best known for its da Vinci Surgical System which allows robots to aid surgeons in performing minimally invasive procedures. The company invests in automation, AI, real-time data insights, and precision control to improve the quality of the surgery. For instance, March 2024, Intuitive announced the acquisition of 510(k) clearance from the United States Food and Drug Administration (FDA) for its company’s next generation multiport robotic system, da Vinci 5. Continuing with the company’s innovation legacy, da Vinci 5 improves on precision, ergonomics, and automation da Vinci 5 also has features that make it more beneficial to minimally invasive surgical operations.
ABB is one of the leading firms in industrial and service robotics and sells AI-enabled cobots (collaborative robots) and automation equipment for healthcare, logistics, and retail. The company places a great deal of capital into autonomous mobile robots (AMRs) and AI-powered robotic assistants for better productivity and human-robot interaction. For instance, in May 2022, ABB Robotics introduced ABB Robotic Depalletize, a solution designed to tackle multi-stage depalletizing tasks in logistics, e-commerce, healthcare and consumer packaged goods markets. The vision sensor data is processed by the ABB Robotic Depalletize software, enabling the robot to receive the correct grasping point for each box.
Service Robotics Industry News
The service robotics market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue (USD Million) from 2021 – 2034 for the following segments:
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Market, By Component
Market, By Type
Market, By Mobility
Market, By Technology
Market, By Application
The above information is provided for the following regions and countries: