Service Robotics - Global Strategic Business Report

Growing Clout of Tertiary Sector Throws Spotlight on Service Robots

The global market for Service Robotics was estimated at US$37.4 Billion in 2023 and is projected to reach US$109.8 Billion by 2030, growing at a CAGR of 16.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Service Robotics Market - Key Trends & Drivers Summarized

How Are Service Robots Redefining Industries and Everyday Life?

Service robotics is a rapidly evolving sector that is transforming industries and reshaping everyday life by automating a diverse range of tasks that were traditionally performed by humans. Unlike industrial robots that are confined to manufacturing floors, service robots are designed to perform tasks outside industrial settings, catering to sectors such as healthcare, logistics, hospitality, retail, and even domestic environments. They are built to interact with humans, assist in daily activities, and enhance productivity through automation. This category includes a wide variety of machines, such as healthcare robots that assist with patient rehabilitation, robotic waiters in restaurants, autonomous cleaning robots, robotic warehouse assistants, and even companion robots that offer social interaction for the elderly. In domestic use, vacuum cleaning robots and lawn-mowing robots have become common household gadgets. The versatility and user-centric nature of these robots make them unique, allowing for deployment in environments where traditional automation systems might be unsuitable. With advancements in artificial intelligence (AI), machine learning, and sensor technologies, service robots are becoming increasingly capable of complex decision-making, navigation, and natural language processing, making them invaluable tools for both commercial and personal use. As they become more autonomous and capable, the role of service robots is expanding rapidly, making them a key driver in the push towards smarter, more efficient environments.

What Are the Emerging Trends and Innovations in Service Robotics?

The service robotics industry is witnessing a wave of technological advancements and market trends that are propelling its development and adoption across various sectors. One of the most notable trends is the growing integration of AI and machine learning, which is enabling robots to learn from their environments, adapt to changing conditions, and improve their performance over time. This is particularly evident in healthcare robotics, where AI-powered robots are being used for precision surgeries, patient monitoring, and rehabilitation therapies, delivering enhanced accuracy and personalized care. Another significant trend is the rise of collaborative robots, or 'cobots,' which are designed to work alongside humans in a shared workspace. Cobots are equipped with advanced safety features such as collision detection and force limitation, making them ideal for environments like retail and hospitality, where they can assist employees without posing a safety risk. The use of cloud robotics is also gaining traction, allowing service robots to leverage cloud-based data and computing resources to process complex tasks and collaborate in real time across different locations. Additionally, innovations in sensor technology, including 3D vision systems and LIDAR, are enhancing the perception and navigation capabilities of service robots, enabling them to operate in dynamic and unstructured environments with greater autonomy. These advancements are not only making service robots more intelligent and adaptable but are also reducing their cost and complexity, broadening their appeal and accessibility for small and medium-sized enterprises (SMEs).

How Is Consumer Demand Shaping the Future of Service Robots?

The rising demand for convenience, safety, and efficiency is driving the adoption of service robots across a variety of consumer-facing sectors. In the wake of the COVID-19 pandemic, there has been a significant shift towards contactless interactions and hygiene-focused solutions, which has accelerated the deployment of service robots in public spaces and commercial settings. For example, autonomous delivery robots have become increasingly popular in logistics and retail, providing safe, contactless delivery of goods to customers’ homes or offices. Similarly, in hospitality, robotic concierges and room service robots are being used to enhance guest experiences while minimizing human contact. The healthcare sector is also seeing a surge in demand for telepresence and disinfection robots, which help reduce the risk of infection transmission in hospitals and clinics. Meanwhile, in domestic applications, consumers are increasingly turning to robotic vacuum cleaners, lawn mowers, and even robotic chefs to automate everyday household chores, reflecting a growing desire for smart home technologies that save time and reduce manual labor. The increasing comfort with and reliance on these robots are also influencing the development of next-generation service robots that incorporate more advanced features like voice recognition, emotional intelligence, and personalized interaction. As consumers continue to embrace automation and digital solutions in their daily lives, service robots are expected to play a more prominent role, not just in specialized tasks but also in enhancing everyday living through seamless human-robot collaboration.

What Factors Are Driving the Growth of the Service Robotics Market?

The growth in the service robotics market is driven by several factors, primarily influenced by advancements in AI and robotics technologies, expanding application areas, and shifting consumer behavior. One of the main growth drivers is the continuous improvement in AI and machine learning capabilities, which are making service robots more autonomous, intelligent, and capable of performing complex tasks with minimal human intervention. Enhanced AI enables robots to better understand and respond to their environments, making them suitable for applications ranging from customer service in retail to advanced surgical assistance in healthcare. Another key driver is the rising adoption of service robots in logistics and e-commerce, where robots are being used for tasks such as order picking, inventory management, and last-mile delivery, addressing labor shortages and enhancing operational efficiency. The rapid growth of smart home technologies is also contributing to the increased demand for domestic robots that perform cleaning, security, and personal assistance roles. Additionally, changing demographics, such as the aging population in developed countries, are creating a strong market for assistive robots that provide companionship and support for elderly individuals, enhancing their independence and quality of life. The growing focus on workplace safety and hygiene, particularly in the post-pandemic era, is further driving the deployment of service robots in sectors such as hospitality and healthcare to minimize human exposure and ensure compliance with safety standards. These factors, combined with declining costs of robotics components and the expansion of robotics-as-a-service (RaaS) business models, are making service robots more accessible to a broader range of industries and consumers, fueling the rapid growth of the service robotics market.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Hardware Component segment, which is expected to reach US$75.1 Billion by 2030 with a CAGR of a 15.7%. The Software Component segment is also set to grow at 18.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $13.1 Billion in 2023, and China, forecasted to grow at an impressive 20.9% CAGR to reach $10.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Service Robotics Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Service Robotics Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Service Robotics Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players in the Global Service Robotics Market such as Daifuku Co., Ltd., DeLaval, Gecko International Corporation, Honda Motors Co., Ltd., Husqvarna AB and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 193 companies featured in this Global Service Robotics market report include:

• Daifuku Co., Ltd.
• DeLaval
• Gecko International Corporation
• Honda Motors Co., Ltd.
• Husqvarna AB
• Intuitive Surgical, Inc.
• KUKA Aktiengesellschaft
• LG Electronics, Inc.
• RedZone Robotics, Inc.
• RoboBuilder Co., Ltd.
• Samsung Electronics Co., Ltd.
• SeaRobotics Corp.
• Toyota Motor Corporation
• Yujin Robot Co., Ltd.
• Zucchetti s.p.a.