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Service Robotics Market Share

Report ID: GMI130
Published Date: Nov 2024
Report Format: PDF

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Service Robotics Market Share

Service robotics industry is characterized by intense competition, fueled by rapid technological advancements and strategic partnerships across industries. Key players such as iRobot, Boston Dynamics, and FANUC Corporation are focusing on innovation in artificial intelligence, machine learning, and advanced sensors to develop more autonomous robots capable of performing complex tasks. The competitive landscape is also shaped by pricing strategies, with companies introducing affordable, modular solutions to attract a wider customer base, including small and medium-sized enterprises.

Regional players, particularly from Asia, are gaining market share through cost-competitive offerings and rapid innovation cycles, further intensifying competition. Market differentiation increasingly emphasizes software capabilities, ease of integration, and application-specific customization rather than hardware specifications alone. Companies are distinguishing themselves through technological innovation, cost efficiency, and strategic alliances to expand their market reach and address diverse customer requirements.

Service Robotics Market Companies

Major players operating in the service robotics industry are:

ABB Robotics
Aethon
Blue Ocean Robotics
Boston Dynamics
Clearpath Robotics
Ecovacs Robotics
Fanuc Corporation
Festo
Intuitive Surgical
iRobot Corporation
Kiva Systems (Amazon Robotics)
KUKA Robotics
Locus Robotics
Neato Robotics
Omron Corporation
PAL Robotics
Rethink Robotics
Robomart
Robotics & Beyond
Savioke
Swisslog
Vecna Robotics
Xenex Disinfection Services
Yaskawa Electric Corporation

Authors: Suraj Gujar, Saptadeep Das

Frequently Asked Questions (FAQ) :

The global market size for service robotics was valued at USD 36.1 billion in 2024 and is anticipated to reach USD 166.6 billion by 2034, driven by a CAGR of 17.1% from 2025 to 2034.

The fixed robots segment is expected to grow at a CAGR of 17.7% between 2025 and 2034, driven by its application in environments requiring stability and precision.

In 2024, the U.S. accounted for a 71.8% share of the North America market, driven by the growing need for automation in industries such as logistics, healthcare, and manufacturing.

Major players in the industry include ABB Robotics, Aethon, Blue Ocean Robotics, Boston Dynamics, Clearpath Robotics, Ecovacs Robotics, Fanuc Corporation, Festo, Intuitive Surgical, and iRobot Corporation.