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Service Robotics Market Trends

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

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Service Robotics Market Trends

The market is experiencing a significant trend towards autonomous navigation and human-robot collaboration capabilities. These advancements are changing the operational dynamics of service robots across various industries, enhancing their ability to navigate complex environments and interact with humans more effectively. Recent advancements in sensor technologies, machine learning, and artificial intelligence have substantially improved service robot capabilities.

These robots demonstrate enhanced environmental awareness, obstacle detection, and adaptability to changing situations. This progress has facilitated more effective human-robot collaboration, allowing robots to work alongside humans to improve productivity, efficiency, and overall performance. Companies in service robotics market such as Boston Dynamics, SoftBank Robotics, and Savioke are leading this trend, developing robots capable of navigating crowded spaces, recognizing and responding to human gestures, and learning from human feedback.

For example, SoftBank Robotics' Pepper, a humanoid robot, is used in retail and hospitality settings for customer service, query resolution, and personalized recommendations. Similarly, Savioke's Relay robot is deployed in hotels for amenity and service delivery, optimizing tasks and enhancing guest experiences. As this trend progresses, it is expected to drive significant investments in research and development, along with increased adoption of autonomous navigation and human-robot collaboration capabilities across various industries. This development is likely to create new opportunities for businesses to improve operational efficiency and enhance customer experiences.

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.