The service robotics market comprises robots that perform useful tasks for humans or equipment excluding industrial automation applications. Service robots are employed in various sectors such as medical, homecare, education, defense, field, and professional cleaning among others for tasks like surgery assistance, elderly assistance, teaching assistance, security & surveillance, landmine detection, floor cleaning and many more.

The service robotics market is estimated to be valued at USD 54.51 Bn in 2024 and is expected to reach USD 145.85 Bn by 2031, growing at a compound annual growth rate (CAGR) of 15.1% from 2024 to 2031.

Rapid aging of population worldwide has boosted demand for healthcare assistance robots. Medical robots are increasingly being used in applications like surgery, prosthetics, rehabilitation and elderly assistance which is expected to propel Service Robotics Market Growth over the forecast period.

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