Service Robotics Market Analysis

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.
 

• The hardware segment is projected to reach USD 99.3 billion by 2034. The hardware component of the service robotics segment consists of sensors, actuators, control units, power machinery, and even the structural outers. These are the components of the physical aspect of a service robot. Such robots are utilized in sophisticated activities in diverse fields including healthcare, agriculture, logistics, and even domestic help. The improvement of hardware technology is always a factor to the efficiency and performance of service robots.
   
• The software market is valued at 8 billion in 2024. Rapid adoption of IoT technologies enhances the role of software as robots use sensor networks to improve their decision-making and predictive maintenance capabilities. Additionally, software solutions subsidize RaaS business models, enabling clients to procure robots with little initial investment and receive continuous upgrades and assistance.
   
• This segment in the service robotics market is of tremendous value as it provides support throughout the lifecycle of the robot to maximize its performance, usability, and adaptability. These services involve installation, maintenance, training, and consulting to facilitate the integration of robotics into business processes.  

Based on robot type, the market is segmented into professional and personal.
 

• The professional market is expected to reach over USD 118.4 billion by 2034. The professional Service Robotics Market is being propelled forward by increasing automation requirements, robotics advancements, and an emerging gap in labor supply. Adoption of professional robots in industries such as healthcare, logistics, agriculture, defense, and construction robots are escalating rapidly due to their capabilities in improving efficiencies, lowering costs, and performing precise multi-faceted operations.
   
• For instance, in February 2023, Google Health collaborated with Verily to create a robotic telesurgery platform which enables surgeries to be performed remotely. The platform aims to enhance surgical access for patients residing in rural and underserved regions.
   
• The personal robotics market is valued at over USD 12.4 billion in 2024. Personal Robotics segment is gaining traction due to increased convenience expectations, AI developments, and acceptance of smart home technologies. Personal robots are increasingly used for assisting users with mundane chores, exercising, learning, and providing companionship. Some of the main types are robots for vacuum cleaning, lawn mowing, pool cleaning, robotic pets, and teaching robots.
   
• For instance, in March 2021, SoftBank Robotics launched a new version of its Pepper robot, designed for entertainment and customer services. The robot, Pepper for Enterprise, is equipped with features such as facial recognition and the ability to hold natural conversations.
   

Based on mobility, the service robotics market is segmented into mobile robots and fixed robots.
 

• The mobile segment held a market share of 30.1% in 2024. Robots that operate on their own in a given area are referred to as mobile robots. Within the larger context of service robotics, mobile robots are also undergoing growth which is driven by advances in automation, artificial Intelligence, and enhanced navigation systems. The healthcare, manufacturing, and retail sectors are employing these robots for versatile mobile tasks like material handling, logistics, and inspections for quality purposes.
   
• The fixed robots are expected to reach over USD 107 billion by 2034. The service robotics industry for fixed robots is growing significantly due to the use of these robots in repetitive and precision work in structured settings, such as assembly lines, surgery, and construction. These robots are very effective in accomplishing tasks where their motion is limited to a few precise locations, thereby minimizing the need for human effort.
   

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.
 

• The artificial intelligence segment held a market share of over 26.2% in 2024. Robotics services are greatly enhanced by Artificial Intelligence (AI) due to its capability of letting robots autonomously learn, adapt, and make decisions. With AI-powered machine learning techniques and algorithms for natural language processing, robots can now perform multi-step activities, scan huge volumes of information, and actively engage with their surroundings.
   
• The robotic process automation (RPA) is expected to reach USD 15 billion by 2034. Robotic Process Automation (RPA) enhances efficiency while minimizing human error by automating repetitive and rule-based tasks. In the realm of service robotics, RPA finds extensive application within the finance, customer service, and back-office sectors where it helps automate workflows, data management, and various other routine activities.
   
• Computer vision is likely to grow at a CAGR of 15.1% by 2034. Computer vision facilitates service robotics by allowing a robot to receive and comprehend visual data from their environment. With the development of imaging, pattern recognition, and object detection technologies, robots are able to move freely, interact, and make decisions visually.
   
• The voice and gesture recognition market is projected to reach USD 20.4 billion by 2034. Robots can naturally interact with humans using voice and gesture recognition technology enabling them to converse and communicate with the help of hands. This technology is imperative in improving the user experience in personal robotics, healthcare, and even entertainment.
   
• The autonomous navigation held a market share of over 35.3% in 2024. In contemporary robotics, autonomous navigation is one of the most important features because it enables robots to move and function without the intervention of a person. By utilizing sophisticated mapping and localization features with sensor fusion, autonomous navigation permits robots to operate in complex environments, evade obstacles, and plan their routes in a more efficient manner.
   

Based on application, the market is segmented into healthcare, logistics and warehousing, security and surveillance, education and training and others.
 

• The healthcare segment held a market share of over 23.1% in 2024. The Healthcare segment has grown significantly in the context of the service robotics market, owing to the growing need for automation in various medical fields. Service robots in the healthcare field are employed in surgical procedures, patient care, rehabilitation, and diagnostics.
   
• The logistics and warehousing are expected to reach USD 66.2 billion by 2034. The logistics and warehousing segment have been growing fast in the market because of the increased automation usage in the supply chain management. Robots in this area are built for sophisticated operations like material movements, sorting, packing, and even inventory control.
   
• Security and surveillance are likely to grow at a CAGR of 14.1% by 2034. The security and surveillance segment is growing very fast within the service robotics market because of the increased need for monitoring certain areas like public places and private properties and even critical infrastructure facilities.
   
• The education and training market is projected to reach USD 2.4 billion by 2034. The education and training segment has shown increasing adoption of service robots geared towards making learning and skills acquisition more efficient. As robotics gain acceptance in learning institutions and training colleges, teachers are using service robots for effective delivery of lessons through practical engagement.
   

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 U.S. market is projected to grow significantly, reaching over USD 32.6 billion by 2034. The application of service robotics in the United States is increasing in nearly all industries from healthcare to agriculture, hospitality, logistics, and even consumer goods. There is a need for automation to boost productivity, and that is the primary motivator. As far as industries go, healthcare is one of the foremost adopters of service robots within hospitals, nursing homes, and rehabilitation centers.
   
• Canada service robotics market is expected to witness robust growth, with a CAGR of over 10.8% by 2034. The increasing presence of robotics startups and companies across Canada, specializing in various components of service robotics such as hardware, software and AI, underscores a growing trend. It's common for such startups to receive assistance from a system of incubators, accelerators, and funding opportunities.
   

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 UK service robotics market is anticipated to grow at a CAGR of over 20.4% by 2034. The agricultural industry in UK is seeking automation and robotic technology to fill existing gaps in labor and enhance the existing strategies of precision farming. Some of the options underexplored include the use of drones, autonomous tractors, and robotic harvesters. Regulations regarding ethical considerations and safety measures greatly impact the design and usage of service robots in the UK.
   
• Germany market is set to grow significantly, with projections indicating it will exceed USD 20.1 billion by 2034. Germany is quite popular for having a developed industrial robotics industry with KUKA, ABB and Siemens being some of the major players in the global robotics market. These companies create industrial robots that are used in manufacturing, automotive and other industrial activities. For example, in April 2023 Yaskawa Motoman, a Japanese manufacturer, formed a partnership with the Fraunhofer IPA, one of the most important research centers in Germany, to create robotic systems for Industry 4.0. The aim of this collaboration is to design and manufacture multi-purpose robots for use in production, as well as in logistics and related fields.
   
• The France service robotics market is anticipated to grow at a CAGR of over 14.2% by 2034. The French government has been using these robotics initiatives as a way to promote and assist the development and marketing of service robotics, which includes funding programs and other government sponsored initiatives aimed at increasing research and development funds allocated to robotics along with thrusts towards the use of robots in health care, agriculture, as well as logistics.
   
• Italy market is expected to experience strong growth, projected to grow at a CAGR of over 12.5% by 2034. Italy is among the top nations in industrial robotics within the automotive, machinery, and manufacturing fields. Italian companies have begun using robotic automation to improve productivity and remain competitive in the industry.
   
• Spain service robotics market is on track to grow steadily, expected to account reach over USD 1.1 billion by 2034. Other domains within the Spanish market include agriculture, healthcare, hospitality, and logistics, which vary by opportunities and development potential. The healthcare sector in Spain has been considering the use of technology in patient care, rehabilitation, and surgery robotics.
   

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.
 

• China service robotics market is expected to dominate the global landscape, accounting for over 63.5% of the market share in 2024. In China, the deployment of service robots is being studied, such as for use in nursing homes, assisting healthcare providers, and even keeping patients company. As an example, a new agreement has been formed in February 2023 between JD.com, a Chinese ecommerce company, and Toyota a Japanese car manufacturer to create self-driving delivery robots in China. These robots are designed to supplant people in an environmentally friendly manner.
   
• The service robotics industry in India is anticipated to grow at a CAGR of 24.2% by 2034. The Indian service robotics industry is on the rise thanks to increased automation labor costs, growing demand for digitalization, and greater investment in automation. In India, there is a political will to foster robotics and automation. Initiatives like "Make in India" and the "Digital India" are likely to reap benefits for the robotics industry. For example, in March 2023, GreyOrange partnered with IIT Madras for the development of robots aimed at automating warehouses. This partnership is beneficial for GreyOrange because it brings together its expertise on warehouse automation and the robotics knowledge from IIT Madras.
   
• Japan service robotics market is anticipated to witness lucrative growth between 2025 to 2034 with a CAGR of over 21.5%. Japan has been one of the largest markets for service robotics due to sophisticated R&D and adoption of robotics in the country. The service robots industry in Japan has blossomed because of the country’s aging population, since most of the service robots are used in healthcare and elderly care facilities. Japan also possesses a strong industrial robotics base from companies such as Fanuc, Yaskawa, and Kaisaki Heavy Industries.
   
• South Korea market is poised for significant growth, projected to reach over USD 3.1 billion by 2034. South Korea has been pursuing investment opportunities as well as the development and adoption of service robots in diverse industries such as manufacturing, healthcare, retail and hospitality, education, entertainment, and more. The South Korean government has also been actively promoting the development of the robotics industry through various programs and policies.
   
• Australia market is expected to reach over USD 7.1 billion by 2034. The service robotics market in Australia and New Zealand (ANZ) region is developing and maintaining an optimistic outlook in some industries. Australia has a significant farming industry and service robots are employed in crop monitoring, precision farming, as well as in autonomous farming equipment.
   

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.
 

• Brazil market is expected to expand rapidly, with a CAGR of over 17.1% by 2034. Brazil's position as an agricultural powerhouse makes the country a potential candidate for incorporating robotics into agriculture for the purposes of harvesting, weeding, and monitoring the crops. Several firms in Brazil are trying to implement robotics to increase productivity in agriculture. For instance, in June 2023, Lojas Americanas and Intel, a Brazilian retailer and a technological firm respectively, started Intel's robotic store concept in the company. The retail establishment, called Lojas Americanas Lab, is staffed with robots that assist clients in finding items, processing payments, and even loading groceries into vehicles.
   
• Mexico service robotics market is anticipated to grow at a strong rate, projected to account for over 29.1% of the global market share by 2024. Mexico has a significant manufacturing base that is particularly active in the automotive and electronics segments. In an attempt to improve productivity and efficiency in the manufacturing plants, the use of industrial robots for assembly, welding, and material handling is increasing.
   

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.
 

• The UAE Service Robotics market is forecast to grow significantly, with a CAGR of over 13.1% by 2034. The UAE is well known for the incorporation of new technologies, including robotics, especially in healthcare, and even serves as a tourist destination. Dubai 10X and UAE Artificial Intelligence Strategy programs boast efforts towards the use of robotics and AI technologies by many other sectors in the region.
   
• Saudi Arabia market is expected to see impressive growth, projected to account for 51.8% of the global market share in 2024. Saudi Arabia is adopting robotics and automation technologies at a rapid pace. This advancement is in alignment with initiatives like Vision 2030, which aim to diversify the economy and lessen the country's overreliance on oil. Service robots have already begun to transform the healthcare industry in Saudi Arabia. Robots are being used in several hospitals and healthcare institutions to aid in patient care, disinfection, logistics, and many more tasks.
   
• South Africa service robotics market is anticipated to see steady growth, expected to reach over USD 152.5 million by 2034. Educational and research robotics are being developed at the universities and research institutions in South Africa. Local startups also work on industry specific service robotics solutions. The demand and growth of service robotics in South Africa South relies heavily on the business environment, policies, and the available economic resources.