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The Service Robotics Market size was estimated at USD 61.85 billion in 2023, USD 72.20 billion in 2024, and is expected to grow at a CAGR of 17.58% to reach USD 192.20 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Service robotics is used by businesses and organizations to assist human employees in their daily tasks and improve the quality and convenience of human life through the combination of a mobile base and a robotic arm equipped with a controller device to provide semi-automatic or fully automatic services. Service robots can handle dangerous tasks that keep humans away from dangerous situations. The increasing demand for service robotics from the healthcare sector is due to rising usage in handling medical equipment and critical surgical operations. In addition, the growing need to handle logistics and transportation of products is raising the demand for service robots from large manufacturing facilities. However, the high cost associated with the development of service robotics hinders the market's growth. Moreover, technological advancements in service robotics, such as adopting AI, Ml, and IoT to simulate human intelligence processes to assist the tasks without human intervention, are expected to increase its adoption from various end-use sectors.
Regional Insights
The service robotics market shows a highly evolving landscape in the Americas owing to the highly established industrial sector and increasing application of service robotics in various industries, including aerospace & defense, agriculture, food & beverage, education, and eCommerce. The growing interest in agricultural automation leads to elevated research activities for developing service robotics in the APAC and EMEA regions. The European Commission invests in the research and development of robots, including service robots in various sectors to develop novel products, use in search & rescue, inspection and monitoring of transportation, logistics, and agriculture. Vacuuming and other indoor domestic floor cleaning robots are currently the most used applications. This service robot is available in almost every convenience store, making it easily accessible to consumers, are expected to increase its adoption from the commercial and industrial sectors rapidly.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Service Robotics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Service Robotics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the Service Robotics Market, highlighting leading vendors and their innovative profiles. These include ABB Group, Agility Robotics, Bae Systems PLC, Beyond Imagination, Inc., Brain Corporation, Daifuku Co., Ltd., ECA Group, Engineered Arts Ltd., Fujitsu Limited, Geckosystems Intl. Corp., General Dynamics Mission Systems, Inc., General Electric Company, General Motors Company, GrayMatter Robotics, Hajime Research Institute, Ltd., Hanson Robotics, Limited, Honda Motor Co., Ltd., Hyundai Motor Group, Intuitive Surgical, Inc., Irobot Corporation, Kawasaki Heavy Industries, Ltd., Keenon Robotics Co., Ltd., Kongsberg Gruppen ASA, Kuka AG, Medtronic PLC, OmniGuide Inc., Omron Corporation, PAL Robotics, Promobot LLC, Samsung Electronics Co., Ltd., Scandit Group, SoftBank Robotics Group Corp., Tokyo Robotics Inc., Toyota Motor Corporation, and Ubtech Robotics Corp Ltd.Market Segmentation & Coverage
This research report categorizes the Service Robotics Market to forecast the revenues and analyze trends in each of the following sub-markets:- Component
- Hardware
- Actuators
- Airframe
- Cameras
- Control Systems
- Navigation Systems
- Power Supply
- Propulsion Systems
- Sensors
- Software
- Hardware
- Operating Environment
- Aerial
- Ground Based
- Marine
- Application
- Aerospace & Defense
- Agriculture
- Automotive & Transportation
- Chemicals & Advanced Material
- Consumer Goods & Retail
- Education
- Energy & Utilities
- Food & Beverage
- Media & Entertainment
- Semiconductor & Electronics
- Telecommunication
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Service Robotics Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Service Robotics Market?
- What are the technology trends and regulatory frameworks in the Service Robotics Market?
- What is the market share of the leading vendors in the Service Robotics Market?
- Which modes and strategic moves are suitable for entering the Service Robotics Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. Service Robotics Market, by Component
7. Service Robotics Market, by Operating Environment
8. Service Robotics Market, by Application
9. Americas Service Robotics Market
10. Asia-Pacific Service Robotics Market
11. Europe, Middle East & Africa Service Robotics Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix
List of Figures
List of Tables
Companies Mentioned
- ABB Group
- Agility Robotics
- Bae Systems PLC
- Beyond Imagination, Inc.
- Brain Corporation
- Daifuku Co., Ltd.
- ECA Group
- Engineered Arts Ltd.
- Fujitsu Limited
- Geckosystems Intl. Corp.
- General Dynamics Mission Systems, Inc.
- General Electric Company
- General Motors Company
- GrayMatter Robotics
- Hajime Research Institute, Ltd.
- Hanson Robotics, Limited
- Honda Motor Co., Ltd.
- Hyundai Motor Group
- Intuitive Surgical, Inc.
- Irobot Corporation
- Kawasaki Heavy Industries, Ltd.
- Keenon Robotics Co., Ltd.
- Kongsberg Gruppen ASA
- Kuka AG
- Medtronic PLC
- OmniGuide Inc.
- Omron Corporation
- PAL Robotics
- Promobot LLC
- Samsung Electronics Co., Ltd.
- Scandit Group
- SoftBank Robotics Group Corp.
- Tokyo Robotics Inc.
- Toyota Motor Corporation
- Ubtech Robotics Corp Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 187 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 72.2 Billion |
| Forecasted Market Value ( USD | $ 192.2 Billion |
| Compound Annual Growth Rate | 17.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 35 |
