Global Service Robotics
Market Report
2024
Service Robotics Market size is USD 41.5 Billion in 2024 and will expand at a compound annual growth rate (CAGR) of 15.40% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global service robotics market size is USD 41.5 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Service Robotics Market Sales Revenue 2020 | $ 21.46 Billion |
Global Service Robotics Market Sales Revenue 2024 | $ 41.5 Billion |
Global Service Robotics Market Sales Revenue 2030 | $ 144.82 Billion |
Global Service Robotics Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 21.04% |
Market Split by Component |
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Market Split by Environment |
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Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Service Robotics Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Service robotics is a subfield of robotics concerned with the design and implementation of systems of partially or totally autonomous robots to perform tasks assigned by humans and provide individualized services. Robots have been designed to assist and enhance human labor in many different industries. These include farming, medical care, transport, and hospitality. The service robotics market is anticipated to experience further growth due to factors such as the rising investment in robot research, the increasing use of the Internet of Things (IoT) in robots for economical logical maintenance, and the new applications that offer high returns on investment.
Development in Technology- The market has been driven by the enhancement of robot capabilities brought about by technological progress, as well as the increased productivity and quality attained through the utilization of service robots. The price of manufacturing robots has dropped dramatically as a result of fast technological breakthroughs and an increase in robot output. The increased demand for robots in developing nations is also likely to cause a relocation of robot production to low-cost regions, which will lower manufacturing costs further. Rising labor costs relative to robot expenses in major manufacturing economies can lead to more appealing price dynamics, which helps the market flourish. The rapid investment in robotics has driven the need for service robots. Along with the rise of e-commerce and consumers' preference for purchasing goods online, the need for a more reliable and speedy delivery service has increased significantly.
The high cost of essential elements like software development, market acceptability, and hardware acquisitions is a barrier to the growth of the service robotics sector. Problems with data privacy and regulations are seen to be a factor slowing the service robotics industry's expansion.
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In April 2024, Daifuku Co., Ltd. is pleased to announce that operational testing of its latest rapid connectivity, increasing robotic storage and return system (AS/RS) pile cranes has commenced at its new high-rise testing facility located at its core manufacturing base, Shiga Industries.
Top Companies Market Share in Service Robotics Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the service robotics market because therapeutic services are in high demand in the healthcare industry. In addition, the region's service robotics market will experience significant expansion due to factors such as hospitals' increasing acceptance of surgical robots, an investment climate favorable to research on adaptive technologies, and the availability of highly advanced service robots.
Asia-Pacific stands out as the fastest-growing region in the service robotics market because of the proliferation of automated machinery and other technological advancements in the region's industrial manufacturing industries. In addition, the region's service robotics market is anticipated to experience growth as a result of the increasing need for these technologies in developing nations, driven by an expansion in production and manufacturing-based industries.
The current report Scope analyzes Service Robotics Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Service Robotics Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Service Robotics Industry growth. Service Robotics market has been segmented with the help of its Component, Environment Type, and others. Service Robotics market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Service Robotics market.
Component of Service Robotics analyzed in this report are as follows:
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Service Robotics from 2019 to 2031. This will also help to analyze the demand for Service Robotics across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Environment of Service Robotics are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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According to cognitive market research, Professional service robots are the dominant category. Firms use professional service robots for jobs like manufacturing, industrial work, and factory operations. Assisting people in commercial places and carrying out designated activities under the supervision of skilled specialists from different industries are the anticipated outcomes of these robots.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Service Robotics Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global Service Robotics Market and is projected to experience significant growth in the near future.
The Aerial segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies iRobot (US) , Intuitive Surgical (US) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Component | Hardware, Software, Services |
Environment | Aerial, Ground, Marine |
Type | Professional, Personal and Domestic |
Application | Domestic, Medical, Field, Defense, Rescue, and Security, Entertainment, Education, and Personal, Public Relation, Inspection and Maintenance, Logistics, Construction and Demolition, Marine, Research and Space Exploration |
List of Competitors | iRobot (US), SoftBank Robotics Group (Japan), Intuitive Surgical (US), JD.com Inc. (China), Daifuku (Japan), Samsung Electronics Co. Ltd. (South Korea), DJI (China), Kongsberg Maritime (Norway), Northrop Grumman (US), DeLaval (Sweden), Exyn Technologies (US), XAG (China), AMP Robotics (US), UVD Robots (Denmark), Diligent (US), HARVEST CROO (US), Starship Technologies (US) |
This chapter will help you gain GLOBAL Market Analysis of Service Robotics. Further deep in this chapter, you will be able to review Global Service Robotics Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Component Analysis 2019 -2031, will provide market size split by Component. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Component Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Environment Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Type Analysis 2019 -2031
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Chapter 13 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Service Robotics market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Hardware have a significant impact on Service Robotics market? |
What are the key factors affecting the Hardware and Software of Service Robotics Market? |
What is the CAGR/Growth Rate of Aerial during the forecast period? |
By type, which segment accounted for largest share of the global Service Robotics Market? |
Which region is expected to dominate the global Service Robotics Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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