Japan’s service robot market is projected to nearly triple to ¥400 billion (US$2.7 billion) by 2030, according to a report by research firm Fuji Keizai.

The anticipated growth is driven by the country’s aging population and labor shortages.

The Recruit Works Institute forecasts a labor shortfall of 11 million by 2040.

Additionally, a government-backed study estimates that nearly 40% of Japan’s population will be 65 or older by 2065.

These demographic factors are accelerating the adoption of robotic solutions across various industries.

Recent service robots developments