Robots-as-a-Service Market Projected to Reach $8.4 Billion by 2030

 

Comprehensive Overview of the Robots-as-a-Service Market

Meticulous Research® has recently unveiled 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.' According to this report, the robots-as-a-service (RaaS) market is anticipated to hit $8.4 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 16.7% from 2024 to 2030. This growth trajectory is largely driven by the increased utilization of RaaS in healthcare settings for enhanced clinical and surgical efficiency, the shift towards RaaS over traditional automation solutions due to its scalability, flexibility, and cost-efficiency, and the growing adoption of RaaS within the manufacturing sector. Moreover, the expansion of automation in sectors like hospitality and agriculture, the push to minimize human labor, and the advent of Industry 5.0 are poised to create substantial growth opportunities in this market.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5519

Despite these promising prospects, challenges such as limited mobility and safety concerns associated with integrating robots into existing industrial systems pose significant obstacles to market expansion.

The report provides a segmented analysis of the robots-as-a-service market, focusing on robot types and end users, and includes an evaluation of industry competitors and regional market dynamics.

The market is divided into industrial, commercial, and domestic service robots. The industrial robots segment is expected to dominate in 2024 and is forecasted to exhibit the highest CAGR throughout the forecast period. This segment’s dominance is due to heightened demand across industries such as logistics, defense, construction, and medicine, coupled with increased automation and mobility deployment, as well as rising labor costs and a shortage of skilled workers.

The end-user segmentation covers agriculture, inspection and maintenance, healthcare, search & rescue, hospitality, professional cleaning, transport & logistics, gardening, and other sectors. In 2024, the transport & logistics segment is projected to hold the largest market share, driven by its extensive application in picking, packing, and delivery tasks; the growing demand for autonomous mobile robots in warehouses for better inventory management; and the focus on improving safety and risk mitigation. Conversely, the healthcare sector is expected to experience the highest CAGR, driven by the surge in surgical procedures, the reduction of human error risks, enhanced precision and accuracy, and the increasing adoption of advanced surgical technologies.

Geographically, the robots-as-a-service market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is anticipated to lead the market in 2024, bolstered by substantial investments in advanced technologies, significant R&D expenditure, and the adoption of key technologies such as surgical robots and automated guided vehicles (AGVs) and autonomous mobile robots (AMRs) in manufacturing. However, Asia-Pacific is projected to witness 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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