How big is the Service Robotics Market?

The Service Robotics Market size is expected to reach USD 60.16 billion in 2024 and grow at a CAGR of 19.53% to reach USD 146.79 billion by 2029. Read More

What is the current Service Robotics Market size?

In 2024, the Service Robotics Market size is expected to reach USD 60.16 billion. Read More

Who are the key players in Service Robotics Market?

Daifuku Co. Ltd, Dematic Corp., Swisslog Holding AG (KUKA), Omron Corporation and iRobot Corporation are the major companies operating in the Service Robotics Market. Read More

Which is the fastest growing region in Service Robotics Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Service Robotics Market?

In 2024, the Asia Pacific accounts for the largest market share in Service Robotics Market. Read More

What years does this Service Robotics Market cover, and what was the market size in 2023?

In 2023, the Service Robotics Market size was estimated at USD 48.41 billion. The report covers the Service Robotics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Service Robotics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What challenges face the Service Robotics Market?

The key challenges faced by the Service Robotics Market are: a) High initial investment costs b) Ongoing maintenance c) Need for skilled personnel d) Concerns about data privacy and security Read More

Service Robotics Market Analysis | Industry Trends, Size & Forecast Report

Service Robotics Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Service Robotics Market is Segmented by Field of Application ([Professional Robots - Field Robots, Professional Cleaning, Inspection and Maintenance, Construction and Demolition, Logistics Systems [Manufacturing and Non-Manufacturing], Medical Robots, Rescue and Security Robots, Defense Robots, Underwater Systems [Civil/General], Powered Human Exoskeletons, Public Relation Robots], (Personal/Domestic - Robots for Domestic Tasks, Entertainment Robots, Elderly, and Handicap Assistance)) and Geography (North America, Europe, Asia Pacific, and Rest of World). The Report Offers Market Forecasts and Size in Value (USD) for all the Above Segments.

Service Robotics Industry Overview

The Service Robotics market is moderately consolidated, as major players have a significant market presence. However, with the demand growing, new players are also entering the market, driving competition and the market toward a fragmented stage. Vendors are adopting various strategies to consolidate further their market presence, including product innovation, partnerships, acquisitions, etc. Some major players include Daifuku Co. Ltd, Dematic Corp., Swisslog Holding AG, and iRobot Corporation.

In September 2022, Avidbots, a robotics company based in Canada, raised USD 70 million in the Series C funding round. The company primarily develops autonomous cleaning robots and has built Neo 2, a robotic floor cleaner designed for commercial environments such as warehouses, airports, and shopping malls.

In September 2022, Jacky's Business Solutions, a leading B2B technology solutions provider, announced a showcase of its latest iteration of Temi Robot (V3) at the Gitex event. The company launched this new personal assistance robot in the Middle East with Robot-as-a-service (RaaS) business model.