Service Robotics Market Trends

Report ID: GMI130
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Published Date: February 2025
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Report Format: PDF

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Service Robotics Market Trends

  • One of the key trends significantly impacting the service robotics industry is the increasing adoption of humanoid robots in professional services. To enhance occupational safety, many organizations are increasingly adopting humanoid robots for inspection, maintenance and disaster response at power plants to relieve human workers of laborious and dangerous tasks.
     
  • Humanoid services robots are also re-inventing the customer engagement in marketplaces by engaging more meaningfully with customers at social level. These robots are increasingly used to provide customers an increasingly human like experience while interacting with technology. For example, KIME by Macco robotics is a humanoid robotic bartender, serves beer, coffee, wine, snacks, salads and more. Each KIME kiosk is able to dispense 253 items per hour and features a touchscreen and app-enabled ordering, plus a built-in payment system.
     
  •  Moreover, humanoid robots are also being used for classroom engagement and companionship. For instance, Pepper by Softbank Robotics is used at a Dayton facility as a social support robot for individuals with intellectual disabilities.
     
  • Key players are also increasing their investment in humanoid robotics segment to gain competitive edge. For instance, in 2024, Nvidia unveiled Project GRooT for developing general-purpose foundation model for humanoid robots.
     
Authors: Suraj Gujar, Saptadeep Das
Frequently Asked Question(FAQ) :
How big is the service robotics market?
The market size for service robotics was valued at USD 36.1 billion in 2024 and is expected to reach around USD 166.6 billion by 2034, growing at 17.1% CAGR through 2034.
Who are the key players in service robotics industry?
How much market size is expected from North America service robotics market by 2034?
What will be the size of fixed robots segment in the service robotics industry?
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    Base Year: 2024

    Companies covered: 24

    Tables & Figures: 660

    Countries covered: 18

    Pages: 210

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