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Robotics-as-a-Service Market worth $7.68 billion by 2030, growing at a CAGR of 18.54% - Exclusive Report by 360iResearch
Robotics-as-a-Service Market | 360iResearch
The Global Robotics-as-a-Service Market to grow from USD 2.33 billion in 2023 to USD 7.68 billion by 2030, at a CAGR of 18.54%.
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Robotic-as-a-service (RaaS) is a cloud-based rental robotic system that facilitates users to install robotics without requiring the necessary infrastructure more traditional robotics implementations require. RaaS uses locally installed robotic hardware with cloud-based automation and programming, allowing the users to connect power, program the robot, and start using it. RaaS attracts business interest because it is more flexible, scalable, and affordable than traditional robotics programs. These features make robotics accessible to small and medium-sized organizations without the typically prohibitive initial investment. The surging demand in the defense and military sector and rising government funding for advanced research activities are driving the growth of the RaaS market. However, safety issues and the requirement for huge capital may hamper the development of the RaaS market. Nevertheless, integrating modern technologies and emerging potential in the logistics sector creates lucrative opportunities for the robotics-as-a-service market.
The continuous use of cutting-edge technologies and favorable funding situations for robotic automation has caused a considerable evolution in the robotic-as-a-service business in America in recent years. The US government developed the National Robotics Initiative (NRI) across the country to assist fundamental robotics R&D. The main objectives center on the basic science, technology, and integrated systems required to realize a vision of ubiquitous collaborative robots aiding people in all facets of life and broadening market potential in the region. The 8th Framework Programme of the European Union, Horizon 2020, also funds robotics projects that cover a wide range of research and innovation subjects, including manufacturing, commercial, and healthcare applications, as well as consumer, transportation, and agri-food robots. Over the program's seven-year lifespan, European Commission will support robotics research and innovation to an estimated USD 780 million. Due to the engagement of numerous countries, including China, Japan, South Korea, Singapore, Australia, and many others, the robotics-as-a-service industry is also expected to grow significantly in the Asia-Pacific region. The Intelligent Robot Development and Supply Promotion Act of Korea is working on expanding the RaaS market area in the Asia-Pacific region and growing the robot industry in Korea as a core industry in the fourth industrial revolution.
Market Segmentation & Coverage:
This research report categorizes the Robotics-as-a-Service Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Robot Type, market is studied across Mobile and Stationary. The Mobile is further studied across Automated Guided Vehicles (AGVs), Autonomous Mobile Robots (AMRs), Humanoids, and Hybrids. The Stationary is further studied across Articulated Robots and Cobots. The Stationary is projected to witness significant market share during forecast period.
Based on Service Type, market is studied across Personal and Professional. The Personal is projected to witness significant market share during forecast period.
Based on Application, market is studied across Assisting, Dispensing, Handling, Inspection, and Processing. The Processing is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Aerospace & Defense, Automotive & Transportation, Business & Finance, Construction, Energy & Natural Resources, Government & Public Sector, Healthcare & Pharmaceuticals, and Manufacturing. The Aerospace & Defense is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Robotics-as-a-Service Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Robotics-as-a-Service Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Robotics-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include Augean Robotics, Inc., Berkshire Grey, Inc., Cobalt Robotics, Inc., Electric Sheep Robotics, Exotec, Fetch Robotics, Inc. by Zebra Technologies Corporation, Formant, Inc., Geekplus Technology Co., Ltd., Grey Orange Pte. Ltd., HAHN Robshare GmbH, HAI ROBOTICS Co., Ltd., Hirebotics, Honda Motor Co., Ltd., InVia Robotics, Inc., Locus Robotics Corporation, Mediland Enterprise Corporation, Nuro, Inc., Proven Robotics, Relay Robotics, Inc., RIOS Intelligent Machines, Inc., Ronavi robotics LLC, Rovco, Ltd., Sisua Digital Oy, ST Engineering Aethon, Inc., Starship Technologies, Inc., Terradepth, Tiny Brain Robotics Inc., and Vecna Robotics, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Robotics-as-a-Service Market, by Robot Type
7. Robotics-as-a-Service Market, by Service Type
8. Robotics-as-a-Service Market, by Application
9. Robotics-as-a-Service Market, by Vertical
10. Americas Robotics-as-a-Service Market
11. Asia-Pacific Robotics-as-a-Service Market
12. Europe, Middle East & Africa Robotics-as-a-Service Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Robotics-as-a-Service Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Robotics-as-a-Service Market?
3. What is the competitive strategic window for opportunities in the Robotics-as-a-Service Market?
4. What are the technology trends and regulatory frameworks in the Robotics-as-a-Service Market?
5. What is the market share of the leading vendors in the Robotics-as-a-Service Market?
6. What modes and strategic moves are considered suitable for entering the Robotics-as-a-Service Market?
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