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Service Robotics Market Analysis by Type (Professional Service Robots, Personal Service Robots), By Application (Healthcare, Defense and Security, Agriculture, Logistics, Construction, Domestic, Entertainment, Others), By Component (Hardware, Software, Services), By End-User (Residential, Commercial) and by Region: Global Forecast, 2024 - 2034.

  • PUBLISHED ON
  • 2024-01-11
  • NO OF PAGES
  • 278
  • CATEGORY
  • Information Communication & Technology

Market Overview

The Service Robotics market is predicted to develop at a compound annual growth rate (CAGR) of 17.3% from 2024 to 2034, when it is projected to reach USD 93.71 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 19.00 Billion in 2024.

 

SOURCE: We Market Research

Service robotics entails creating robots to aid humans in non-industrial situations such as healthcare, housing, hospitality, and logistics. These robots are used for medical aid, home chores, customer service, and product delivery. Examples include surgical robots, robotic vacuum cleaners, hotel service robots, and warehouse transport robots. They use cutting-edge technology such as AI, machine learning, and computer vision to interact securely and effectively with their surroundings and users, improving convenience, efficiency, and safety in routine chores and specialized services.

The aging population, technical developments in AI and sensors, and labor shortages in industries like healthcare and logistics are the main factors driving the worldwide service robots industry. Automation is pushed for in order to save money and increase efficiency due to rising healthcare prices. Service robots improve productivity and safety in a variety of settings, such as warehouses and hospitals. The market for domestic robots is boosted by consumer desire for smart home appliances. Further driving the market forward is the increased need for automated logistics and delivery solutions brought on by the expansion of e-commerce.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 19.00 Billion

Market Forecast in 2034

USD 93.71 Billion

CAGR % 2024-2034

17.3%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Type, By Application, By Component, By End-User and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Service Robotics Industry: Dynamics & Restrains


Market opportunity:


We Market Research: Service Robotics Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.


Service Robotics Segmentation

Market- By Type Analysis

By Type, the Service Robotics Market is Categories into Professional Service Robots, Personal Service Robots. The Professional Service Robots segment accounts for the largest share of around 68% in 2024.