Robots-as-a-Service Market Forecast and Insights
The recent report by Meticulous Research® 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,' reveals that the robots-as-a-service (RaaS) market is projected to grow to $8.4 billion by 2030, with a CAGR of 16.7% from 2024 to 2030. This growth is primarily driven by increased adoption of RaaS in healthcare settings for improved clinical and surgical operations, the shift towards RaaS due to its flexibility and cost-effectiveness compared to other automation solutions, and the rising integration of RaaS in the manufacturing sector. Additionally, the market is benefitting from increased automation in hospitality and agriculture, efforts to reduce manual labor, and the emergence of Industry 5.0.
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However, the market faces challenges including limited mobility and safety issues related to the integration of robots with existing industrial systems.
The report segments the market based on robot type and end user, providing a thorough analysis of industry competitors and regional market conditions.
In terms of robot type, the market is categorized into industrial, commercial, and domestic robots. The industrial robots segment is expected to dominate in 2024 and show the highest CAGR over the forecast period, driven by rising demand across various industries including logistics, defense, construction, and healthcare, along with increased automation and mobility, high labor costs, and a shortage of skilled labor.
The end-user segmentation includes agriculture, inspection and maintenance, healthcare, search rescue, hospitality, professional cleaning, transport logistics, gardening, and other sectors. The transport logistics segment is projected to hold the largest market share in 2024 due to its extensive use in picking, packing, and delivery, growing demand for autonomous mobile robots in warehouses, and a focus on enhancing safety and risk management. The healthcare sector is expected to experience the highest CAGR, driven by a rise in surgical procedures, reduced human error, improved precision, and the adoption of advanced surgical systems.
Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. North America is anticipated to lead the market in 2024, supported by substantial investments in advanced technologies, significant RD spending, and the adoption of technologies such as surgical robots and AGVs AMRs in manufacturing. Asia-Pacific is expected to experience the highest CAGR during 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.).
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
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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