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Service Robotics Market

Global Service Robotics Market Trends, Report, Forecast: By Product Type: Professional Service, Personal and Domestic Service, Others; By Component: Hardware, Software; By Application: Logistics, Construction and Demolition, Medical, Defence, Rescue, and Security, Others; Regional Analysis; Competitive Landscape; 2024-2032

Global Service Robotics Market Outlook

The global service robotics market is being driven by the increasing sales of service robots, which reached a value of USD 37.96 billion in the year 2023. The sales of service robots is further anticipated to grow at a CAGR of 23.1% in the forecast period of 2024-2032 to reach USD 245.87 billion by 2032.

 

Global Service Robotics Market

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Increasing Demand for Robots in the Healthcare Sector to Bolster the Service Robotics Industry Growth

On the basis of application, service robotics has gained immense popularity in the field of healthcare. Also, vendors in the market offer a wide range of service robots for assistance in various medical applications. The global service robotics industry is further being propelled by the rising investments by the key industry players and their increasing collaborations with the leading healthcare companies. For instance, significant investments were made by Intuitive Surgical Inc, a key industry player, towards improving its surgical systems and enhancing the overall patient experience. Such developments are expected to enhance the demand for service robots in the healthcare industry.

 

The Asia Pacific to Provide Significant Growth Opportunities to the Service Robotics Industry

Geographically, the Asia Pacific accounts for a significant share in the global service robotics industry and is anticipated to dominate the market in the forecast period as well. Japan, which is a strong robotics solution provider, is likely to enhance its market share and improve its technical expertise in the forecast period. North America and Europe are the other significant regions for the product. This can be attributed to the early adoption of advanced technologies in the regions, which is expected to provide significant opportunities for the market growth in the coming years.

 

Service Robotics: Market Segmentation

Service robots are technical devices that are designed to assist humans and perform useful tasks. The devices, which are popularly attributed as robots, operate semi or fully-automatically. Service robots are capable of performing dangerous and tedious tasks and provide efficiency and are safe. These robots are utilized in professional and personal applications and are accepted at a global level.

 

Global Service Robotics Market By Product Type

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By product type, the market is divided into:

  • Professional Service 
  • Personal and Domestic Service
  • Others

Based on component, the industry can be segmented into:

  • Hardware
  • Software

Among these, the hardware segment is further divided based on type into airframes, sensors, cameras, actuators, navigation systems, propulsion systems, and power supply, among others.

On the basis of application, the industry can be categorised into:

  • Logistics
  • Construction and Demolition
  • Medical
  • Defence, Rescue and Security
  • Entertainment, Educational and Personal
  • Domestic
  • Marine
  • Research and Space Exploration
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Service Robotics Market By Region

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Rising Demand for Robots in Personal and Professional Sector to Bolster the Growth of the Service Robots Industry

The global service robotics industry is being aided by the increasing innovations in the field of science and technology. The market growth is further propelled by the increasing demand for service robots for professional as well as personal services. The increasing deployment of robots in various industries including healthcare, defence and security, agriculture, forestry, logistics, construction, and personal cleaning, among others is driving the market growth. The market is being aided by the rising labour cost and costly workforce employed in these sectors, coupled with the increasing focus on reducing human error.

The rising technological advancements and growing innovations are likely to accelerate the market growth in the forecast period.

 

Key Industry Players in the Global Service Robotics Market

The report gives a detailed analysis of the following key players in the global service robotics market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Omron Corporation 
  • Daifuku Co., Ltd.
  • Dematic Holding S.à r.l.
  • Intuitive Surgical, Inc.
  • Kollmorgen Corporation 
  • KUKA AG
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Component
  • Application
  • Region
Breakup by Product Type
  • Professional Service
  • Personal and Domestic Service
  • Others
Breakup by Component
  • Hardware
  • Software
Breakup by Application
  • Logistics
  • Construction and Demolition
  • Medical 
  • Defence, Rescue, and Security
  • Entertainment, Educational, and Personal
  • Domestic
  • Marine
  • Research and Space Exploration
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Omron Corporation
  • Daifuku Co., Ltd.
  • Dematic Holding S.à r.l.
  • Intuitive Surgical, Inc.,
  • Kollmorgen Corporation
  • KUKA AG 
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Service Robotics Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Service Robotics Historical Market (2018-2023) 
    8.3    Global Service Robotics Market Forecast (2024-2032)
    8.4    Global Service Robotics Market by Product Type
        8.4.1    Professional Service
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Personal and Domestic Service
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Others
    8.5    Global Service Robotics Market by Component
        8.5.1    Hardware
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
            8.5.1.3    Breakup by Type
                8.5.1.3.1    Airframes
                    8.5.1.3.1.1    Historical Trend (2018-2023)
                    8.5.1.3.1.2    Forecast Trend (2024-2032)
                8.5.1.3.2    Sensors
                    8.5.1.3.2.1    Historical Trend (2018-2023)
                    8.5.1.3.2.2    Forecast Trend (2024-2032)
                8.5.1.3.3    Cameras
                    8.5.1.3.3.1    Historical Trend (2018-2023)
                    8.5.1.3.3.2    Forecast Trend (2024-2032)
                8.5.1.3.4    Actuators
                    8.5.1.3.4.1    Historical Trend (2018-2023)
                    8.5.1.3.4.2    Forecast Trend (2024-2032)
                8.5.1.3.5    Navigation Systems
                    8.5.1.3.5.1    Historical Trend (2018-2023)
                    8.5.1.3.5.2    Forecast Trend (2024-2032)
                8.5.1.3.6    Propulsion Systems
                    8.5.1.3.6.1    Historical Trend (2018-2023)
                    8.5.1.3.6.2    Forecast Trend (2024-2032)
                8.5.1.3.7    Power Supply
                    8.5.1.3.7.1    Historical Trend (2018-2023)
                    8.5.1.3.7.2    Forecast Trend (2024-2032)
                8.5.1.3.8    Others
        8.5.2    Software
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
    8.6    Global Service Robotics Market by Application
        8.6.1    Logistics 
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Construction and Demolition
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Medical 
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Defence, Rescue, and Security
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Entertainment, Educational, and Personal
            8.6.5.1    Historical Trend (2018-2023)
            8.6.5.2    Forecast Trend (2024-2032)
        8.6.6    Domestic
            8.6.6.1    Historical Trend (2018-2023)
            8.6.6.2    Forecast Trend (2024-2032)
        8.6.7    Marine
            8.6.7.1    Historical Trend (2018-2023)
            8.6.7.2    Forecast Trend (2024-2032)
        8.6.8    Research and Space Exploration
            8.6.8.1    Historical Trend (2018-2023)
            8.6.8.2    Forecast Trend (2024-2032)
        8.6.9    Others    
    8.7    Global Service Robotics Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2023) 
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2023) 
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2023) 
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2023) 
            8.7.4.2    Forecast Trend (2024-2032)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2023) 
            8.7.5.2    Forecast Trend (2024-2032) 
9    North America Service Robotics Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Service Robotics Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Service Robotics Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Service Robotics Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Service Robotics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive  Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Omron Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Daifuku Co., Ltd.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Dematic Holding S.à r.l.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Intuitive Surgical, Inc.,
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Kollmorgen Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6   KUKA AG
            16.2.6.1    Company Overview
            16.2.6.2    Product Portfolio
            16.2.6.3    Demographic Reach and Achievements
            16.2.6.4    Certifications
        16.2.7    Others
17    Key Trends and  Developments in the Market


List of Key Figures and Tables

1.    Global Service Robotics Market: Key Industry Highlights, 2018 and 2032
2.    Global Service Robotics Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Global Service Robotics Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Global Service Robotics Historical Market: Breakup by Component (USD Billion), 2018-2023
5.    Global Service Robotics Market Forecast: Breakup by Component (USD Billion), 2024-2032
6.    Global Service Robotics Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Service Robotics Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Service Robotics Historical Market: Breakup by Region (USD Billion), 2018-2023
9.    Global Service Robotics Market Forecast: Breakup by Region (USD Billion), 2024-2032
10.    North America Service Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
11.    North America Service Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12.    Europe Service Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    Europe Service Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Asia Pacific Service Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Asia Pacific Service Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Latin America Service Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Latin America Service Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Middle East and Africa Service Robotics Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Middle East and Africa Service Robotics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Global Service Robotics Market Structure

Key Questions Answered in the Report

The global service robotics market is being driven by the increasing sales of service robots, which reached a value of USD 37.96 billion in the year 2023.

The sales of service robots is anticipated to grow at a CAGR of 23.1% in the forecast period of 2024-2032.

The sales of service robots is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 245.87 billion by 2032.

The major drivers of the market include the increasing sales of service robots, rising urbanisation, and rapid technological advancement.

The increasing innovations in the field of science and technology and the surging demand for robots in the field of defence are the major market trends aiding the market growth.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Professional service and personal and domestic service, among others are the leading product types in the market.

Hardware and software are the various components in the market. Hardware is further segmented into airframes, sensors, cameras, actuators, navigation systems, propulsion systems, and power supply, among others.

Logistics, construction and demolition, medical, defence, rescue and security, entertainment, educational and personal, domestic, marine, and research and space exploration, among others are the leading applications in the market.

The key players in the global service robotics market are Omron Corporation, Daifuku Co., Ltd., Dematic Holding S.à.r.l., Intuitive Surgical, Inc., Kollmorgen Corporation, and KUKA AG, among others.

Analyst Review

The global service robotics market is being driven by the increasing sales of service robots, which reached a value of USD 37.96 billion in the year 2023. The sales of service robots is likely to grow at a CAGR of 23.1% in the forecast period of 2024-2032 to reach USD 245.87 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the service robotics industry can be segmented into professional service and personal and domestic service, among others. On the basis of components, the market is divided into hardware and software. Hardware is further segmented into airframes, sensors, cameras, actuators, navigation systems, propulsion systems, and power supply, among others. Based on applications, the market is divided into logistics, construction and demolition, medical, defence, rescue and security, entertainment, educational, and personal, domestic, marine, research and space exploration, among others. The major regional markets for service robotics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Omron Corporation, Daifuku Co., Ltd., Dematic Holding S.à.r.l., Intuitive Surgical, Inc., Kollmorgen Corporation, and KUKA AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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