Robotics As A Service (RaaS) Market: Opportunities, Strategies, Size, Share, and Analysis 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Robotics As A Service (RaaS) Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $46.51 billion In 2028 At A CAGR Of 18.7%.

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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Robotics As A Service (RaaS) Market Major Segments
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

Key Driver - The Surge Of Robotics-As-A-Service (RAAS) Fueled By Automation Demand

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.

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Prominent Trend - Technological Advancements Propelling Robotics-As-A-Service (RAAS) Market Dominance

Technological innovations are a key trend gaining popularity in the robotics as a service (RaaS) market. Major companies operating in the robotics as a service (RaaS) market are adopting new technologies to sustain their position in the market. For instance, in April 2021, Panasonic Holdings Corporation, a Japan-based electrical, appliance, and electronics manufacturing company, launched a mass-production model of its walk-training robot, which is intended to provide safe and efficient walk training for older persons who are afraid to walk due to physical depression or previous falls. With mass-production technology, Panasonic offers a service utilizing the robot for care homes, hospitals, and other institutions to assist with constant walking training for the elderly.

Robotics As A Service (RaaS) Market 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.

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Largest And Fastest Growing Region In The Market
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

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Robotics As A Service (RaaS) Market Report Structure
3. Robotics As A Service (RaaS) Market Trends And Strategies
4. Robotics As A Service (RaaS) Market - Macro Economic Scenario
5. Robotics As A Service (RaaS) Market Size And Growth
…..
27. Robotics As A Service (RaaS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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