Global Service Robotics Market Analysis & Trends - Industry Forecast to 2030

Global Service Robotics Market Analysis & Trends - Industry Forecast to 2030

The Global Service Robotics Market is poised to grow at a CAGR of around 16.7% over the next decade to reach approximately $122.3 billion by 2030. Some of the prominent trends that the market is witnessing include an increase in the application of robots, a sharp increase in funding for research on robots, growing adoption of robots for new applications providing high returns on investment.

Based on type, the market is bifurcated into professional and personal & domestic. By component, the market is fragmented into hardware and software. Hardware segment is classified as airframes, sensors, cameras, actuators, power supply, control systems, navigation systems and propulsion systems. Airframes segment is further segmented into alloys, plastics and composites. Sensors segment is further segmented into motion sensors, proximity sensors, temperature sensors, position sensors and light sensors. Cameras segment is further segmented into multispectral cameras, thermal cameras, infrared cameras, light detection and ranging (LIDAR) camera and high-resolution cameras. Actuators segment is further segmented into rotational actuators and linear actuators. Navigation systems segment is further segmented into global positioning system (GPS)/global navigation satellite system (GNSS) and glonass, inertial navigation systems, safety assurance systems and compass navigations.

Based on environment, the market is classified into aerial, ground and marine. Aerial segment is classified as commercial drones and consumer drones. Ground segment is classified as automated guided vehicles (AGVs), cleaning robots, agricultural robots, surgical robots, entertainment and leisure robots, inspection robots, humanoid robots, powered exoskeletons and telepresence robots. Automated guided vehicles (AGVs) are further segmented into tow vehicles, unit load carriers, pallet trucks, forklift trucks and assembly line vehicles. Cleaning robots are further segmented into vacuuming robots, lawnmowers, pool cleaning robots and window and gutter cleaning robots. Agricultural robots are further segmented into milking robots and automated harvesting systems. Surgical robots are further segmented into laparoscopy robotic systems, orthopedic robotic systems and neurosurgical robotic systems. Entertainment and leisure robots are further segmented into toy robots and hobby systems. Marine segment is classified as remotely operated vehicles (ROVs), unmanned surface vehicles (USVs) and autonomous underwater vehicles (AUVs).

With respect to application, the market is segmented into domestic, medical, entertainment, educational, and personal, agriculture/field, defense, rescue and security, public relations, construction and demolition, retail, underwater, mobile platforms, inspection and maintenance, logistics & transportation and marine. Domestic segment is classified as floor cleaning, lawn mowing and pool cleaning. Medical segment is classified as surgery assistance, handicap assistance and nursing/rehabilitation. Entertainment, educational, and personal segment is classified as entertainment,
education and companionship and elderly assistance. Agriculture/Field segment is classified as harvest management, field farming and dairy & livestock management. Field farming is further sub segmented into crop monitoring, plant scouting and crop scouting. Defense, rescue and security is classified as demining, fire and bomb fighting and border security & surveillance. Inspection and maintenance is classified as pipe/pipeline inspection, power plant inspection and inspection of energized transmission lines. Logistics & transportation is classified as warehouse automation and last-mile delivery. Marine segment is classified as oceanography, environmental protection and monitoring and archaeological exploration.

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2022, 2023 revenue estimations are presented for 2024 and forecasts from 2025 till 2030. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

This report provides data tables, includes charts and graphs for visual analysis.
Regional Analysis:
North America
- US
- Canada
- Mexico

Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific

Middle East
- Saudi Arabia
- UAE
- Rest of Middle East

Latin America
- Argentina
- Brazil
- Rest of Latin America

Rest of the World
- South Africa
- Others

Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030
- Market opportunities and recommendations for new investments