Service Robotics Market Size, Industry Analysis Report By Product Type (Professional service, Personal and domestic service), By Component (Hardware, Software), By Application (Logistics, Construction and demolition, Medical, Defence, rescue and security, Entertainment, educational and personal, Domestic, Marine, Research and space exploration) & Region – Forecast

  • 14/11/2022
  • 278
  • Information Communication & Technology
The Service Robotics Market DC-DC Converter Market: Overview
The Service Robotics Market is valued at around USD 12.88 billion in 2022 and is expected to reach USD 41.49 billion by 2030, registering a CAGR of 15.9% over the forecast period. A service robot is an actuation device having two or more programmable axes and some autonomy that moves through its environment to carry out specific tasks. The ability to carry out intended activities based on present condition and sensing, without human interference, is referred to in this sense as autonomy. A service robot is a robot that, with the exception of industrial automation applications, completes beneficial activities for people or other equipment.

The Service Robotics Market - Growth Factor
The growth of scientific and technological advancements is assisting the global service robot’s sector. The growing need for service robots for both professional and personal services is a significant driver of market expansion. The market is expanding as a result of the increased use of robots in a variety of sectors, including healthcare, defence and security, agriculture, forestry, logistics, construction, and personal cleaning, among others. The market is being helped by the expensive workforce and rising cost of labour in various industries, as well as the growing emphasis on lowering human error. Growing innovations and rising technical breakthroughs are estimated to fuel market expansion during the anticipated period.

The Service Robotics Market – Market Trends
• Field robots, defence and security robots, medical assisting robots (MAR), public assistant robots, electrical industry robots, and construction robots are all examples of professional robots.
• Service robots have been embraced by the construction sector to address high labour costs, labour shortages, and workplace accidents.
• Since there are less opportunities for human error, it also aids in the construction of more dependable buildings. Robot adoption in the construction industry is further accelerated by technologies like 3D printing robots and demolition robots.
• Public relations robots are made of exoskeletons. The majority of public relations robots are employed to aid clients in finding a product or finishing a task.
• These robots are used in the hospitality sector, banks, shopping malls, family entertainment centres, and the retail sector to direct clients throughout a store.

The Service Robotics Market – Segmentation
The Service Robotics Market fragrance concentrates market has been sub-classified into product type, component, application.

On the basis of product type, the Service Robotics Market is bifurcated into:
• Professional service
• Personal and domestic service
• others

On the basis of component, the market is segmented into:
• Hardware
• Software
• others

On the basis of application, the market segmented into:
• Logistics
• Construction and demolition
• Medical
• Defence, rescue and security
• Entertainment, educational and personal
• Domestic
• Marine
• Research and space exploration
• Others

The Service Robotics Market –Regional Analysis
Asia-Pacific dominated the global Service Robotics Market, is predicted to continue to rule the market during the projection period. Japan, a leading supplier of robotics solutions, is anticipated to grow both technically and in terms of market share during the forecast period. The other important markets for the product are in North America and Europe. This can be ascribed to the areas' early adoption of cutting-edge technology, which is anticipated to present considerable prospects for market growth in the years to come.

The Service Robotics Market – Key Market players
Global key players of Service Robotics Market include Omron Corporation, Daifuku Co., Ltd., Dematic Holding S.à r.l., Intuitive Surgical, Inc., Kollmorgen Corporation, KUKA AG, Others.

Report scope
Global Service Robotics Market: Historical Years- 2018-2021
Global Service Robotics Market: Forecast Years- 2022-2030
Global Service Robotics Market 2022- USD 12.88 billion
Global Service Robotics Market 2030- USD 41.49 billion
Global Service Robotics Market CAGR- 15.9%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

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In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

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Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.

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An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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