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Service Robotics Market to Reach USD 132.01 Billion by 2032

Strategic Insights

— 2 min read

The service robotics market is poised to experience significant growth in the long run, driven by the high demand for robotic automation across various verticals. According to a report by SkyQuest Technology Consulting, the market was valued at USD 36.83 Billion in 2024 and is expected to reach USD 132.01 Billion by 2032, with a projected Compound Annual Growth Rate (CAGR) of 17.3% from 2025 to 2032. The report highlights the growing investments in robotics technology R&D and the increasing emphasis on automation across domestic and commercial sectors as key drivers of the market.

Key Takeaways:

  • The service robotics market is segmented by component, type, mobility, technology, and application, with the hardware segment dominating the market in 2024, accounting for 55.6% of the total market share.
  • The artificial intelligence segment dominated the global service robotics market in 2024, accounting for 64.5% of the total market share, due to rapid advancements in AI technology and growing popularity of autonomous robots.
  • The mobile robots segment dominated the global service robotics market in 2024, accounting for 71.4% of the total market share, due to their enhanced operational flexibility and ability to provide better efficiency without human intervention.
  • The professional robot segment dominated the global service robotics market in 2024, accounting for 63.8% of the total market share, due to high adoption of robotics in commercial and industrial sectors.
  • The healthcare segment dominated the global service robotics market in 2024, accounting for 61.5% of the total market share, due to rising emphasis on improving patient outcomes and reducing errors.
  • The North America region is expected to remain the largest market for service robotics, accounting for 34.5% of the total market share, due to robust venture capital support for robotics companies and early adoption of advanced technologies.

Statistics:

  • The global service robotics market was valued at USD 36.83 Billion in 2024.
  • The market is expected to reach USD 132.01 Billion by 2032, with a projected CAGR of 17.3% from 2025 to 2032.
  • The hardware segment dominated the global service robotics market in 2024, accounting for 55.6% of the total market share.
  • The artificial intelligence segment dominated the global service robotics market in 2024, accounting for 64.5% of the total market share.
  • The mobile robots segment dominated the global service robotics market in 2024, accounting for 71.4% of the total market share.

Sources:

  • SkyQuest Technology Consulting, "Global Opportunity Analysis and Industry Forecast, 2025-2032"
  • LG Business Solutions USA, "LG Launches New AI-Powered Service Robot for Healthcare and Hospitality Industries"
  • Pudu Robots, "Pudu Robots Launches New Service Robot for Healthcare and Hospitality Industries"
  • Proven Robotics, "Proven Robotics Launches New AI-Service Robot"
  • iRobot Corporation, SoftBank Robotics, Intuitive Surgical, Inc., DJI, Boston Dynamics, Neato Robotics, Ecovacs Robotics, Locus Robotics, Starship Technologies, and UBTECH Robotics.

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