Robotics As A Service (RaaS) Market Growth Revenue, Scope, Drivers And Outlook By 2033

Overview and Scope

Robotics as a service (RaaS) refers to a model where robotic technologies and capabilities are offered to customers on a subscription or pay-per-use basis. It offers several advantages to businesses and organizations by facilitating the democratization of robotics by making advanced robotic technologies available to a broader range of companies, enabling automation, efficiency, and innovation in diverse sectors.

 

Sizing and Forecast

The robotics as a service (raas) market size has grown rapidly in recent years. It will grow from $19.77 billion in 2023 to $23.45 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%.  The  growth in the historic period can be attributed to industrial automation adoption, labor cost reduction, increasing demand for efficiency and productivity, growth in e-commerce and logistics, rising awareness of robotics applications.

 

The robotics as a service (raas) market size is expected to see rapid growth in the next few years. It will grow to $46.51 billion in 2028 at a compound annual growth rate (CAGR) of 18.7%.  The growth in the forecast period can be attributed to expansion of industry 4.0, rising need for flexible and scalable automation solutions, growth in the healthcare sector, adoption of robotics in agriculture, increasing demand for collaborative robots (cobots). Major trends in the forecast period include technological advancements/innovations, development of robot-as-a-service business models, integration of artificial intelligence in robotics, increased use of robotics in customer service, focus on human-robot collaboration.

 

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Segmentation & Regional Insights

The robotics as a service (raas) market covered in this report is segmented –

1) By Type: Professional, Personal

2) By Application: Handling, Assembling, Dispensing, Processing, Welding And Soldering, Other Applications

3) By End User: Agriculture, Inspection And Maintenance, Healthcare, Search And Rescue, Hospitality, Professional Cleaning, Gardening, Transport And Logistics, Other End Users

 

Asia-Pacific was the largest region in the robotics as a service (RaaS) market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the robotics as a service (raas) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

 

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Major Driver Impacting Market Growth

The increasing demand for automation is expected to propel the growth of robotics as a service (RaaS) market going forward. Automation refers to using technology, machinery, or systems to perform tasks and processes with minimal or no human intervention. Automation plays a crucial role in robotics-as-a-service (RaaS) by enabling efficient and seamless operations of robotic systems in various industries. By leveraging automation, robotics-as-a-service (RaaS) providers can offer cost-effective, scalable, and advanced robotic solutions tailored to the specific needs of their clients. For instance, in February 2022, according to the International Federation of Robotics, a Germany-based non-profit organization, 23,000 industrial robots were operating in UK factories in 2021. Therefore, the increasing demand for automation drives the growth of the robotics as a service (RaaS) market.

 

Key Industry Players

Major companies operating in the robotics as a service (raas)  market report are Zimmer Biomet Holdings Inc., Lely Industries N.V., Kongberg Maritime AS, GreyOrange Pte Ltd., Locus Robotics Corp., 6 River Systems Inc., Avidbots Corporation, Sarcos Technology and Robotics Corporation, Mobile Industrial Robots A/S, Omron Adept Technology Inc., Seegrid Corporation, Soft Robotics Inc., DroneDeploy Inc., Nuro Inc., Kiwibot Inc., Northrop Grumman Corporation, Fetch Robotics Inc., inVia Robotics Inc., AutoX, Aethon Inc., Starship Technologies Inc., Cyberdyne Inc., Udelv, Cobalt Robotics Inc., CRG Automation, Memic Innovative Surgery Ltd., FANUC Corp., Intuitive Surgical Inc., Knightscope Inc., Relay Robotics Inc.

 

The robotics as a service (raas) market report table of contents includes:

1. Executive Summary
2. Robotics As A Service (RaaS) Market Characteristics
3. Robotics As A Service (RaaS) Market Trends And Strategies
4. Robotics As A Service (RaaS) Market – Macro Economic Scenario
5. Global Robotics As A Service (RaaS) Market Size and Growth
6. Robotics As A Service (RaaS) Market Segmentation
7. Robotics As A Service (RaaS) Market Regional And Country Analysis

……………

34. Key Mergers And Acquisitions In The Robotics As A Service (RaaS) Market
35. Robotics As A Service (RaaS) Market Future Outlook and Potential Analysis
36. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Robotics As A Service (RaaS) Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Robotics As A Service (RaaS) Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Robotics As A Service (RaaS) Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

……….

Table 74: Zimmer Biomet Holdings Inc. Financial Performance

Table 75: Lely Industries N.V. Financial Performance

Table 76: Kongberg Maritime AS Financial Performance

Table 77: GreyOrange Pte Ltd. Financial Performance

Table 78: Locus Robotics Corp. Financial Performance

 

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