service robotics market, service robotics market size, service robotics market forecast, service robotics market growth, service robotics market outlook, service robotics industry report.
What Is The Expected Market Size And Growth Rate For The Global Service Robotics Market?
The service robotics market size has witnessed a staggering increase over the last few years. It is set to grow from $60.61 billion in 2024 to $76.98 billion in 2025, reflecting an immense compound annual growth rate (CAGR) of 27.0%. Key drivers contributing to this significant surge in the historic period include automation, labor shortages, an aging population, increasing healthcare needs, handling of safety and hazardous environments, and adoption in the service industry.
The service robotics market is expected to continue its exponential growth trajectory over the next few years, climbing to an impressive $213.32 billion by 2029 at a CAGR of 29.0%. Investment in research & development, regulatory adaptation, rising consumer robotics, smart city initiatives, and the emergence of robotics-as-a-service (RaaS) are credited for fuelling the forecast period’s growth. Notable trends shaping the period include the development of adaptive and flexible robots, sustainability drives, digitization of data security and privacy, expansion of healthcare robotics, and artificial intelligence integration.
Obtain a free sample of the Global Service Robotics Market Report:
What Are The Key Market Drivers For The Service Robotics Market?
The rising demand for robots in the healthcare sector is driving the service robotics market. Businesses that offer medical services or produce medical equipment or drugs embody this industry. Robots are being increasingly used within the healthcare sector to manage standard logistical duties, reducing the workload faced by healthcare professionals. This not only allows them more time to focus on critical patient needs but elevates the overall level of patient care. For example, according to the International Federation of Robotics, industrial robot installations in Europe surged to 72,000 units in 2022, accounting for a 6% rise from 2021.
What Are The Main Segments Within The Global Service Robotics Market?
The service robotics market in this report is segmented as follows:
1) By Type: Professional, Personal And Domestic
2) By Component: Hardware, Software
3) By Environment: Aerial, Ground, Marine
4) By End-User: Healthcare, Defense, Electronics, Automotive, Transportation, Construction, Other End Users
Get your report today for swift delivery @
Who Are The Key Players In The Service Robotics Market?
Major corporations in the service robotics market include Parrot SA, Aethon Inc., Honda Motor Co. Ltd., Panasonic Holdings Corporation, Yujin Robot Co. Ltd., Samsung Group, iRobot Corporation, Robert Bosch GmbH, Kongsberg Maritime, Daifuku Co. Ltd., Omron Corporation, SoftBank Group Corp., Boston Dynamics Inc., ABB Robotics, KUKA Roboter GmbH, FANUC Robotics America Inc., Yaskawa Motoman Robotics Inc., Universal Robots A/S, Clearpath Robotics Inc., Fetch Robotics Inc., Locus Robotics, Sarcos Robotics, Knightscope Inc., Seegrid Corporation, and Simbe Robotics Inc.
What Trends Are Reshaping The Service Robotics Market?
Major companies in the service robotics market are introducing new technological solutions such as Pudu’s proprietary mapping technology to enhance operational efficiency, improve customer interactions, and expand service robots’ applications across various industries. Pudu’s technology facilitates precise navigation and obstacle avoidance, making it ideal for dynamic environments.
Which Region Is The Fastest-Growing In The Service Robotics Market?
In 2024, North America held the largest share of the service robotics market. However, Asia-Pacific is projected to be the fastest-growing region during the forecast period. The regions covered in the service robotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Service Robotics Market Report 2025 Offer?
Service robots are machines that perform valuable tasks for people or other machinery, excluding industrial automation jobs. Operating via an in-built control system, these robots are a boon to businesses and industries, performing time-consuming tasks and boosting business efficiency. In the services industry, service robotics are leveraged to assist human employees complete various repetitive, tedious, and risky tasks.
Unlock valuable market insights by purchasing the exclusive report now:
About The Business Research Company
The Business Research Company provides over 15000+ reports from 27 industries across 60+ geographies. With its reputation for delivering comprehensive, data-rich research and insights, and 1,500,000 datasets, the company is dedicated to bringing you the information you need to stay ahead in the marketplace. Its flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
Twitter: https://twitter.com/tbrc_info
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
