openPR Logo
Press release

Service Robotics Market Projected to Reach $167.88 Billion by 2034, Growing at a CAGR of 12.3%

04-01-2025 05:43 PM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Service Robotics Market

Service Robotics Market

The global service robotics market is projected to expand from USD 52.70 billion in 2024 to USD 167.88 billion by 2034. It is anticipated to register a CAGR of 12.3% from 2025 to 2034.

Market Introduction:
As the global service industry continues to navigate rapidly changing consumer trends and a range of exterior elements such as labor scarcity, trade worries, and supply chain intervention, many are turning to modern technologies like service robots. Robotic technology is utilized by businesses and firms of all sizes in varied ways. In retail, service robots assist in improving and customizing customer participation as well as enhancing in-store operations.

Download Free Sample PDF Copy of the Report:
https://www.polarismarketresearch.com/industry-analysis/service-robotics-market/request-for-sample

In hotels, service robots are being utilized to improve and customize customer experiences. Interactive, AI-fuelled kiosks welcome guests when they approach, while service robots carry luggage instantly to their rooms to render the check-in procedures smooth and productive. Ghost kitchens, also acknowledged as delivery-only kitchens with the absence of dine-in services, are leveraging specialized service robots to deliver food orders to consumers.

Market Growth Drivers:
Labor Shortages: Several sectors, such as healthcare, hospitality, and retail, are encountering problems in engaging staff due to aging labor globally. Labor prices have been rising because of rising remuneration and stringent labor directives. This has prompted businesses to adopt robotic solutions to reduce dependence on human labor, escalate functional productivity, and lower prolonged prices by automating procedural and mundane chores, driving the service robotics market demand.

Growing Usage in Agriculture: Robots are being widely utilized for tasks such as planting, crop monitoring, and harvesting, which assist in maximizing productivity and decreasing reliance on seasonal labor in the agricultural sector. In agricultural logistics, autonomous mobile robots (AMRs) are transforming warehouses and supply chains by enhancing productivity, decreasing mistakes, and lessening functional downtime.

Request for a Discount on this Report Before Purchase:
https://www.polarismarketresearch.com/industry-analysis/service-robotics-market/request-for-discount-pricing

Leading Market Players:
The players in this market compete with one another through technological progressions, price differentiation, and geographical augmentation. Service robotics market leaders are given as follows:
• 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
• Blue River Technology

Service Robotics Industry Developments
• June 2024: ABB launched the next-generation robotics control platform, OmniCore. Designed for enhanced speed, precision, and sustainability, OmniCore delivers robot path accuracy of less than 0.6mm. This advancement unlocks new automation possibilities in precision applications such as arc welding, mobile phone display assembly, gluing, and laser cutting.

• June 2024: Brick Hospitality, a leading San Diego-based hospitality management company, integrated guest service robots into its daily hotel operations. The initiative aims to enhance productivity, improve customer service, and add an extra layer of security.

• October 2023: Pudu Robotics, a global leader in commercial service robotics, entered a strategic partnership with SoftBank Robotics. This collaboration combines SoftBank's market expertise in Japan with Pudu's technological strengths in delivery and cleaning robots to advance the commercial service robotics industry.

• May 2022: Amazon established a Consumer Robotics Software Development Center in Bengaluru, India. This initiative supports its advancements in robotics, reinforcing its capabilities in e-commerce, AI, cloud computing, and automation.

Explore The Complete Comprehensive Report Here:
https://www.polarismarketresearch.com/industry-analysis/service-robotics-market

Regional Analysis:
North America dominated the market in 2024 due to technological advancements, elevated funding in robotics, and rapid adoption healthcare, logistics, and defense sectors. The US commands the regional market because of robust research and development, a flourishing tech habitat, and notable government reinforcement for invention.

Asia Pacific is the fastest growing region, driven by swift industrialization, increased funding in automation, and the growing e-commerce industry. The Southeast Asian internet providence is expected to encounter notable growth, surging from USD 194 billion in 2023 to an expected USD 330 billion by 2025, making it an attractive market for expansion.

Segmental Analysis:
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

Browse More Research Reports:
Encryption as a Service Market:
https://www.polarismarketresearch.com/industry-analysis/encryption-as-a-service-market

Security Solutions Market:
https://www.polarismarketresearch.com/industry-analysis/security-solutions-market

Kuwait Crowdfunding Platform Market:
https://www.polarismarketresearch.com/industry-analysis/kuwait-crowdfunding-platform-market

Digital Identity Verification Blockchain Solutions Market:
https://www.polarismarketresearch.com/industry-analysis/digital-identity-verification-blockchain-solutions-market

AI System Debugging Market:
https://www.polarismarketresearch.com/industry-analysis/ai-system-debugging-market

5G System Integration Market:
https://www.polarismarketresearch.com/industry-analysis/5g-system-integration-market

Contact:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Service Robotics Market Projected to Reach $167.88 Billion by 2034, Growing at a CAGR of 12.3% here

News-ID: 3949940 • Views:

More Releases from Polaris Market Research & Consulting

Captive Portal Market Projected to Reach USD 6.55 Billion by 2034, Growing at a CAGR of 13.4%
Captive Portal Market Projected to Reach USD 6.55 Billion by 2034, Growing at a …
Captive Portal Market Polaris Market Research has released new insights into the Captive Portal Market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors. Market at a Glance The global captive portal market size was valued at USD 1.86 billion in 2024, growing at a CAGR of
Battery Simulation Software Market Projected to Hit USD 6.18 Billion by 2034, Exhibiting a CAGR of 12.91%
Battery Simulation Software Market Projected to Hit USD 6.18 Billion by 2034, Ex …
Battery Simulation Software Market Polaris Market Research has released new insights into the Battery Simulation Software Market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors. Market at a Glance The global battery simulation software market size was valued at USD 1.84 billion in 2024, growing
4D Imaging Radar Market Projected to Reach USD 14.00 Billion by 2034, Growing at a CAGR of 17.4%
4D Imaging Radar Market Projected to Reach USD 14.00 Billion by 2034, Growing at …
4D Imaging Radar Market Polaris Market Research has released new insights into the 4D Imaging Radar Market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors. Market at a Glance The global 4D imaging radar market size was valued at USD 2.82 billion in 2024, and is
U.S. Natural Stone Market Projected to Hit USD 3.08 Billion by 2034, Growing at a CAGR of 3.9%
U.S. Natural Stone Market Projected to Hit USD 3.08 Billion by 2034, Growing at …
Polaris Market Research has released new insights into the U.S. Natural Stone market, highlighting key developments, evolving trends, and growth prospects across major regions and segments. The report delivers an in-depth analysis of market dynamics, competitive shifts, and strategic outlooks to support informed decision-making for businesses and investors. Market at a Glance U.S. Natural Stone Market size and share is currently valued at USD 2.09 billion in 2024 and is anticipated to

All 5 Releases


More Releases for Robotic

Robotic Process Automation Market
Robotic Process Automation Market recently published Verified Market research study with more than 100 industry informative desk and Figures spread through Pages and easy to understand detailed TOC on “Robotic Process Automation Market”. The Robotic Process Automation Market is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research
Ground Military Robotic Market
Military robots are autonomous robots or remote-controlled mobile robots designed for military applications, from transport to search & rescue and attack. According to this study, over the next five years the Ground Military Robotic market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales
Medical Robots Market 2019-2030 for into surgical robotic systems, rehabilitatio …
10 May 2019 Press Release MIR presents "Medical Robots Market With Global Analysis and Forecast 2019-2030" with innovation and optimization, integrity, curiosity, customer and brand experience, and strategic business intelligence through our research. Medical robots are the robots that are used in hospitals and medical institutions to perform highly complex surgeries. Robots can be utilized as surgical assistants to surgeons that perform minimally invasive procedures. Rehabilitation robots play an important role
Robotic Lab Automation: Specimen Transport Robots, Robotic Centrifugation, Cappi …
New sellers in the market are confronting extreme competition from set up universal merchants as they battle with mechanical developments, dependability and quality issues. Global Robotic Lab Automation Market provides a basic overview of the markets including definitions, classifications, applications and industry chain structure. The Robotic Lab Automation Market analysis is provided for the international Industry including development trends, competitive landscape analysis, and key regions development status. The Robotic Lab Automation
Global Robotic Lawn Mowers Market Forecast 2018-2025 Belrobotics, Robert Bosch, …
Market study on Global Robotic Lawn Mowers 2018 Research Report presents a professional and complete analysis of Global Robotic Lawn Mowers Market on the current market situation. Report provides a general overview of the Robotic Lawn Mowers industry 2018 including definitions, classifications, Robotic Lawn Mowers market analysis, a wide range of applications and Robotic Lawn Mowers industry chain structure. The 2018's report on Robotic Lawn Mowers industry offers the global
Global Robotic Arm (RA) Market 2018- ABB Robotic, Fanuc Corp, Yaskawa, Adept Tec …
Apex Market Reports, recently published a detailed market research study focused on the "Global Robotic Arm (RA) Market" across the global, regional and country level. The report provides 360° analysis of "Global Robotic Arm (RA) Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Robotic Arm (RA) industry, and estimates the future