Service Robotics Market to Reach USD 132.01 Billion by 2032

Strategic Insights -

The service robotics market is poised to experience significant growth, driven by increasing investments in robotics technology research and development, as well as a growing emphasis on automation across various sectors. According to a recent 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. This growth is attributed to the surge in demand for automation across domestic, healthcare, logistics, and hospitality sectors, which is driving the adoption of service robots.

Key Takeaways:

  • The service robotics market was valued at USD 36.83 Billion in 2024 and is expected to reach USD 132.01 Billion by 2032.
  • The market is expected to grow at a CAGR of 17.3% from 2025 to 2032.
  • Growing investments in robotics technology research and development are driving the sales of service robotics.
  • Service robots are enhancing efficiency, reducing human error, and addressing labor shortages, especially in aging populations.
  • In households, vacuuming, lawn-mowing, and assistive robots are gaining popularity, while hospitals deploy robots for disinfection, medication delivery, and elderly care.
  • Recent developments in service robotics include the launch of AI-powered robots for healthcare and hospitality industries, such as the LDLIM31 autonomous robot by LG Business Solutions USA and the BellaBot Pro by Pudu Robots.
  • Proven Robotics has also launched an AI-service robot, the OrionStar Mini, powered by a Qualcomm Snapdragon 845 SOC chip.

Statistics:

  • Market value: USD 36.83 Billion (2024) - USD 132.01 Billion (2032)
  • CAGR: 17.3% (2025-2032)
  • Growth factors: Increasing investments in robotics technology research and development, growing emphasis on automation across various sectors
  • Emerging applications: Domestic, healthcare, logistics, and hospitality sectors
  • Recent developments: AI-powered robots for healthcare and hospitality industries (LDLIM31 autonomous robot by LG Business Solutions USA, BellaBot Pro by Pudu Robots, OrionStar Mini by Proven Robotics)

Sources:

  • SkyQuest Technology Consulting, "Service Robotics Market - Global Opportunity Analysis and Industry Forecast, 2025-2032"