Meticulous Research®, a distinguished global market research company, has published a detailed 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.”
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According to Meticulous Research®, the global Robots-as-a-Service (RaaS) market is projected to grow significantly, reaching a value of $8.4 billion by 2030, with a CAGR of 16.7% during the forecast period from 2024 to 2030. This market growth is driven by the increasing adoption of RaaS in healthcare to streamline clinical operations and assist in surgeries, the growing preference for RaaS due to its scalability, flexibility, and cost-effectiveness in the long term, and the rising adoption of RaaS in the manufacturing sector. Additionally, the increasing automation across industries such as hospitality and agriculture, the focus on reducing reliance on human labor, and the emergence of Industry 5.0 are expected to create significant opportunities for market growth.
However, the market also faces challenges, including the lack of mobility and safety issues associated with robots when interacting with other industrial systems.
The RaaS market is segmented by robot type and end user, with a comprehensive analysis of the competitive landscape and market dynamics at regional and country levels.
Based on robot type, the RaaS market is categorized into industrial, commercial, and domestic service robots. The industrial service robots segment is expected to dominate the market in 2024, capturing the largest share and registering the highest growth rate over the forecast period. This segment’s growth is driven by the rising demand for RaaS across industries such as logistics, defense, construction, and healthcare. The increasing deployment of automation and mobile technologies across various sectors, coupled with rising labor costs and a shortage of skilled professionals, are key factors driving the growth of the industrial service robots segment.
Regarding end users, the RaaS market is segmented into agriculture, inspection and maintenance, healthcare, search & rescue, hospitality, professional cleaning, transport & logistics, gardening, and other sectors. The transportation & logistics segment is expected to hold the largest market share in 2024, driven by its extensive application in picking, packing, and delivery processes, the growing demand for autonomous mobile robots (AMRs) in warehouses for efficient inventory management, and enhanced safety and risk mitigation. On the other hand, the healthcare segment is anticipated to register the highest CAGR during the forecast period, driven by the increasing number of surgical procedures, the need to minimize human error, improved precision and accuracy, and the growing adoption of advanced surgical systems by healthcare professionals.
Geographically, the RaaS market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to dominate the market, supported by substantial investments in advanced technologies, significant R&D spending, and the adoption of technologies such as surgical robots in healthcare and AGVs & AMRs in manufacturing. However, the Asia-Pacific region is projected to register the highest CAGR during the forecast period, indicating rapid market growth in this region.
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/robotic-process-automation-market-5282
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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