Press release
Robots-as-a-Service Market Set to Surge to $8.4 Billion by 2030
Meticulous Research®, a premier global market research firm, has released a comprehensive new report titled, "Robots-as-a-Service Market by Type (Industrial, Commercial, Domestic), End User (Agriculture, Healthcare, Hospitality, Search & Rescue, Transportation & Logistics, Gardening, Professional Cleaning, Other End-users), and Geography - Global Forecast to 2030."To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/robots-as-a-service-market-5519
According to this latest publication, the robots-as-a-service (RaaS) market is poised to reach a robust $8.4 billion by 2030, reflecting an impressive compound annual growth rate (CAGR) of 16.7% from 2024 to 2030. This growth trajectory is driven by several key factors including the increased adoption of RaaS within the healthcare sector for streamlined clinical and surgical processes, a rising preference for RaaS due to its scalability, flexibility, and long-term cost-efficiency, and an accelerating uptake in the manufacturing sector. Furthermore, the expanding automation in industries such as hospitality and agriculture, alongside the emergence of Industry 5.0, is anticipated to present substantial growth opportunities for the RaaS market.
Despite this optimistic outlook, the market faces challenges such as mobility constraints and safety concerns associated with integrating robots into existing industrial systems.
The report provides an in-depth analysis segmented by robot type and end user, offering a detailed evaluation of industry competitors and regional market dynamics.
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Segment Analysis:
• By Robot Type: The market is categorized into industrial, commercial, and domestic service robots. The industrial service robots segment is projected to hold the largest share in 2024 and is anticipated to exhibit the highest CAGR throughout the forecast period. This segment's dominance is attributed to the escalating demand for RaaS in various industries, including logistics, defense, and construction, alongside the increased deployment of automation and mobility solutions driven by rising labor costs and skill shortages.
• By End User: The report segments the market into agriculture, inspection and maintenance, healthcare, search & rescue, hospitality, professional cleaning, transport & logistics, gardening, and other end users. The transportation & logistics segment is expected to capture the largest market share in 2024, fueled by its extensive applications in picking, packing, and delivery, as well as the growing demand for autonomous mobile robots to enhance warehouse efficiency and safety. Conversely, the healthcare sector is projected to achieve the highest CAGR during the forecast period, driven by the increasing number of surgical procedures, the need to minimize human error, and the rising adoption of advanced surgical systems.
• By Geography: The report segments the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is forecasted to dominate the market share in 2024, bolstered by substantial investments in cutting-edge technologies, robust R&D expenditures, and the deployment of advanced systems such as surgical robots and automated guided vehicles (AGVs) and autonomous mobile robots (AMRs) in manufacturing. Meanwhile, the Asia-Pacific region is projected to experience the highest CAGR over the forecast period.
Key Players:
The key players operating in the robots-as-a-service market are Locus Robotics (U.S.), inVia Robotics, Inc. (U.S.), Cobalt Robotics (U.S.), Knightscope, Inc. (U.S.), Aethon Inc. (U.S.), Relay Robotics, Inc. (U.S.), iRobot Corporation (U.S.), KUKA AG (Germany), Intuitive Surgical (U.S.), Daifuku Co., Ltd. (Japan), OMRON Corporation (Japan), Aldebaran & United Robotics Group (Japan), SoftBank Corp. (Japan), EXOTEC (France), and Hirebotics (U.S.).
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Key questions answered in the report-
• Which are the high-growth market segments based on robot type and end user?
• What was the historical market size for robots-as-a-service?
• What are the market forecasts and estimates for the period 2024-2030?
• What are the major drivers, restraints, opportunities, and challenges in the robots-as-a-service market?
• Who are the major players, and what shares do they hold in the robots-as-a-service market?
• How is the competitive landscape in the robots-as-a-service market?
• What are the recent developments in the robots-as-a-service market?
• What are the different strategies adopted by the major players in the robots-as-a-service market?
• What are the key geographic trends, and which are the high-growth countries?
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Meticulous Research®
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Related Reports:
Robotic Process Automation Market: https://www.meticulousresearch.com/product/robotic-process-automation-market-5282
Collaborative Robots Market: https://www.meticulousresearch.com/product/collaborative-robots-market-5014
Cleaning Robots Market: https://www.meticulousresearch.com/product/cleaning-robots-market-5859
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Robotic Process Automation Market: https://www.linkedin.com/pulse/robotic-process-automation-market-size-share-trends-2030-divya-jagtap-lkxqf/?trackingId=kmT2KSmfTAq0dkidAkkG3Q%3D%3D
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