Figure 1-3: Market size of global service robot (in billion USD)
commercial and household scenarios. The application scenarios of service robots are complex education, aged care, and public services, realizing a variety of composite functions such as professional cleaning, logistics distribution, guiding reception, companion teaching, and security patrol. At the same time, service robots can optimize process effectiveness, enhance service experience, and improve efficiency as well as safety in various scenarios. This report mainly includes but is not limited to the research on service robots in commercial, industrial, and other 1.2. Analysis of global service robot industry development trends 1.2.1. The global service robot market is experiencing strong growth Research indicates that the global service robot industry is flourishing, with the industry scale next decade, the market is expected to grow at a compound annual growth rate of 17.1%, with the global service robot market potentially reaching $195 billion by 2035, indicating significant growth