RoboInd market brief: Service Robotics Market is entering a new expansion phase, with public market data placing the opportunity at USD 46.9 billion in 2023 with a stated CAGR of 12.6%. Service robotics market size was valued at $46.9B in 2023 and is projected to grow from.
Market snapshot
- USD 46.9 billion in 2023
- USD 68.1 billion in 2026
- USD 107.8 billion in 2030
The stated growth rate is 12.6% CAGR for the published forecast window (2024–2030).
What is changing
Service robotics market size was valued at $46.9B in 2023 and is projected to grow from $68.1B in 2026 to $107.8B by 2030, at a CAGR of 12.6%
Key market signals include Publicly stated market growth drivers.
Applications and segments
dimension_en: Application; definition_en: ; items_en: Professional; Personal; members_evidence: Public report segmentation list; dimension_en: End Use; definition_en: ; items_en: Defense; Field; Medical; Transportation and Logistics; Mobile platforms; Underwater systems; Construction; Others; Total; members_evidence: Public report segmentation list; dimension_en: Regional; definition_en: ; items_en: North America; Europe; Asia Pacific; Latin America; Middle East and Africa (MEA);.
Regional direction
title_en: Key Market Trends & Insights; body_en: Europe service robotics market captured the largest revenue share of 33.7% in 2023. By application, the professional application segment dominated the market with the largest market share of 71.2 % in terms of global revenue in 2023. By end-use, the mobile platforms segment held the largest revenue share of 32.9% in 2023.; title_en: Application Insights; body_en: The professional application segment dominated the market with the largest market share of 71.2 % in terms of global revenue in 2023. The key reasons impacting the segment growth are widespread use of robotics in the logistics,.
Competitive landscape
Public market coverage identifies participants including ABB Ltd, Kuka AG, iRobot Corporation, SoftBank Robotics Holdings, Kongsberg Maritime AS, Honda Motor Co. Ltd, Daifuku Co., Ltd, ECA Group, Parrot SA. These names indicate activity across the value chain and should not be read as a uniform ranking.
Market outlook
Growth will depend on the conversion of technical capability into repeatable deployments, measurable productivity gains and maintainable operating economics. Buyers are likely to weigh integration, workforce readiness, interoperability and lifecycle support alongside equipment performance.
Market reading: Figures are presented within their stated market definition and forecast window. They should not be combined with figures from other definitions without normalization.