Service Robotics Market Size Worth $ 167.88 Billion by 2034 | CAGR: 12.3%

The service robotics market size is expected to reach USD 167.88 billion by 2034, according to a new study by Polaris Market Research. The report “Service Robotics Market Share, Size, Trends, Industry Analysis Report: By Type (Professional Service Robots and Personal Service Robots), End Use, Component, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The service robotics market encompasses robots designed to assist humans by performing tasks in nonindustrial environments. These robots operate autonomously or semi-autonomously in sectors such as healthcare, logistics, agriculture, and hospitality. They utilize technologies such as artificial intelligence (AI), machine learning (ML), and advanced sensors to enhance efficiency, accuracy, and convenience in their operations.

The demand for service robots has surged since 2020 due to rapid advancements in robotics technology and the growing need for automation in sectors such as healthcare and logistics. The service robotics market opportunities arise from increased adoption in elderly care, especially in regions with rising aging populations, and the widespread demand for contactless services after the COVID-19 pandemic. Companies are investing in AI-powered robots for personal assistance, rehabilitation, and warehouse management, driving substantial market growth.

Key factors such as technological innovations that reduce costs and enhance functionality, the rising need for workforce augmentation, and the expansion of e-commerce boost the service robotics market growth. Logistics robots streamline supply chains, while agricultural robots boost productivity by automating tasks such as harvesting and weeding. Service robotics market trends include the integration of robotics with Internet of Things (IoT) systems, creating interconnected smart devices that improve service delivery and monitoring.

Despite challenges such as high initial costs and regulatory complexities, the service robotics market remains lucrative. Increasing government funding and partnerships with tech firms continue to accelerate product development.

Do you have questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/service-robotics-market/request-for-sample

Top of FormService Robotics Market Report Highlights

• The professional service robots segment, based on type, held a larger market share in 2023 due to their extensive use in logistics, healthcare, and agriculture.
• In terms of end use, in 2024, the mobile platform segment held the dominant market share in the service robotics market revenue due to its widespread adoption across industries for automation, material handling, and autonomous navigation.
• In 2024, North America accounted for the largest service robotics market share due to advanced technological infrastructure and significant investments in robotics.
• The Asia Pacific market is expected to register the highest CAGR during the forecast period due to growing automation in manufacturing and rising demand for robots in healthcare and agriculture.
• A few global key market players are iRobot Corporation; SoftBank Robotics; Intuitive Surgical, Inc.; ABB Ltd.; KUKA AG; FANUC Corporation; Northrop Grumman Corporation; DJI; Boston Dynamics; Cyberdyne Inc.; Neato Robotics; GeckoSystems International Corporation; Stryker Corporation; Ubtech Robotics; and Blue River Technology.

Polaris Market Research has segmented the service robotics market report on the basis of type, end use, component, and region:

By Type Outlook (Revenue, USD Billion, 2020–2034)

• Professional Service Robots
• Personal Service Robots

By End Use Outlook (Revenue, USD Billion, 2020–2034)

• Defense
• Field
• Medical
• Transportation and Logistics
• Mobile platforms
• Underwater systems
• Construction
• Others

By Component Outlook (Revenue, USD Billion, 2020–2034)

• Hardware
• Software
• Services

By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America

• US
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Vietnam
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Service Robotics Market Report Scope