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Service Robotics Market Trends

Report ID: GMI130
Published Date: Sep 2023
Report Format: PDF

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Service Robotics Market Trends

The service robotics industry is experiencing several prominent trends including a rising demand for robots in healthcare, assisting with tasks such as patient care and surgery. The use of service robots in logistics and warehousing for tasks such as automated material handling is increasing, and the hospitality sector is adopting service robots for customer service & cleaning. Moreover, agriculture is also benefiting from robotics in precision farming and harvesting. Humanoid robots and social robots are gaining traction by offering companionship & customer service. As technology progresses, more innovative applications of service robotics across various industries are expected to improve efficiency and convenience.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for service robotics was USD 42.8 billion in 2022 and will register over 25% CAGR from 2023-2032 due to the increasing need for better & efficient product delivery services worldwide.

Service robotics industry from the medical professional robots segment recorded more than USD 10 billion in 2022 and will witness significant growth from 2023-2032 on account of their widespread application in patient care, surgery, diagnostics, and the transportation of medical supplies.

North America recorded over 34% share of the service robotics industry in 2022 and is expected to incur appreciable growth from 2023-2032 owing to the presence of robust ecosystem of research institutions & tech companies focusing on robotics development in the region.

ABB Ltd., Aethon, Daifuku, DeLaval International AB, DJI, ECA Group, HONDA MOTOR CO., LTD., Intuitive Surgical, iRobot Corporation Inc., Kongsberg Maritime, KUKA AG, Lely, and Neato Robotics Inc. are some of the major service robotics companies worldwide.