Press release
Robotics As A Service (RaaS) Global Market Expected to Witness $46.51 Billion with Impressive Growth at a 18.7% CAGR By 2028 | 6 River Systems Inc., Kiwibot Inc., Soft Robotics Inc., DroneDeploy Inc., Nuro Inc.
Robotics As A Service (RaaS) Market
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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