Press release
The Lucrative Robotics-as-a-Service Market: Forecasted Expansion, Influential Drivers, and Key Industry Trends
The Lucrative Robotics-as-a-Service Market
• The Robotics as a Service (RaaS) market, which experienced robust expansion in recent years, is projected to grow from $22.96 billion in 2024 to $26.93 billion in 2025, displaying a compound annual growth rate (CAGR) of 17.3%.
• Factors contributing to this progression in the historic period include increased adoption of industrial automation, cost reductions, escalating demand for efficiency and productivity, growth in e-commerce and logistics, and rising awareness of robotics applications.
• Looking ahead, exponential growth is anticipated for the RaaS market; it is expected to escalate to $56.88 billion in 2029 at a CAGR of 20.6%.
• Key driving factors for this forecasted growth include the continued expansion of Industry 4.0, increased demand for flexible and scalable automation solutions, growth in the healthcare sector, rising adoption of robotics in agriculture, and mounting demand for collaborative robots (cobots).
What Is Driving The Growth In The Robotics As A Service (RaaS) Market?
Technological advancements and increased demand for automation are propelling the RaaS market. Automation, which refers to using technology, machinery, or systems to perform tasks with minimal or no human intervention, plays a crucial role in RaaS by enabling efficient and seamless operations of robotic systems in various industries. Using automation, RaaS providers can offer cost-effective, scalable, and advanced robotic solutions tailored to their clients' needs. For instance, in May 2023, the International Federation of Robotics reported that industrial robot installations in manufacturing climbed by 12% overall in 2022 to reach 41,624 units, with the automotive industry being the top adopter. Thus, the increasing demand for automation is propelling the growth of the RaaS market.
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Who Are the Key Players Driving Robotics As A Service (RaaS) Market Growth?
The primary companies driving growth in the RaaS market include:
• 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
• FANUC Corp.
• Knightscope Inc.
• Relay Robotics Inc.
What Are The Key Trends In The Robotics As A Service (RaaS) Market?
The forecasted trends for the RaaS market include:
• Technological advancements or 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.
What Are The Segments Of The Global Robotics As A Service (RaaS) Market?
Segmentation of the global RaaS market includes:
• By Type: Professional, Personal
• By Application: Handling, Assembling, Dispensing, Processing, Welding And Soldering, Other Applications
• By End User: Agriculture, Inspection And Maintenance, Healthcare, Search And Rescue, Hospitality, Professional Cleaning, Gardening, Transport And Logistics, Other End Users
Which Region Leads The Robotics As A Service (RaaS) Market?
Asia-Pacific was the largest region in the RaaS market in 2024, with Europe expected to be the fastest-growing region in the forecast period. Other areas covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What is Covered in The Robotics As A Service (RaaS) Market Global Market Report?
- Market Size Analysis: Analyze the Robotics As A Service (RaaS) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Robotics As A Service (RaaS) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Robotics As A Service (RaaS) market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Robotics As A Service (RaaS) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, new product launches in the market.
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