Robotics as a Service (RaaS) Market, By Type (Personal, Professional), By Application (Assembling, Handling, Processing, Dispensing, Welding & Soldering, and Others), By End-Users (Healthcare, Manufacturing, Food & Beverage, Retail, Automotive, Logistics and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

Report Code: PMI511923 | Publish Date: June 2023 | No. of Pages: 170

Robotics As A Service (RaaS) Market Overview

Robotics as a Service (RaaS) is a model of business where robotics companies offer the use of robotic devices by a subscription-based contract to consumers. Robotics as a Service (RaaS) has become a flexible solution for organizations as it allows the companies with benefits such as by accessing cloud-based subscription service and leasing robotic devices.

Adoption of robotics technology with innovation has become a leading factor in market growth. Lower cost of robotics operation and growing demand for RaaS technology for material handling from various industries has further drive the demand for market growth. Growing investment in robotics technology by key players is expected to fruitful the demand for Robotics as a Service (RaaS) market growth in future.

Attributes

Details

Robotics as a Service (RaaS) Market Value (2022)

US$ 1.5Bn

Robotics as a Service (RaaS) Market Projected Value (2032)

US$ 6.2Bn

Robotics as a Service (RaaS) Market CAGR (2022 – 2032)

15.3%

Robotics As A Service (RaaS) Market Dynamics

Growing demand for Robotics Technology from various end-user industries to fuel market growth

The growing demand for robotics sector from various end-user industries such as healthcare, manufacturing, food & beverage, retail, automotive, logistics and others has driven the target market growth. Lower operational cost, elimination in infrastructure, increase in scalability has given rise in popularity of RaaS in industries. Growing automation in various industries in manufacturing process has provided lucrative opportunities in market growth. As RaaS has become a flexible way for companies or organizations to deploy automation and related services such as remote monitoring, engineering and maintenance is likely to propel Robotics as a Service (RaaS) market growth.

Restrains:

However, some technical challenges and high initial investment in robotics technology has restrain the Robotics as a Service (RaaS) market growth. Further, expensive cost of software upgrades & replacement have hampered the demand for Robotics as a Service (RaaS) market growth.

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Robotics As A Service (RaaS) Market Segmentation

 

Robotics as a Service (RaaS) Market is segmented based on Type, Application, End-Users and Region.

Type Insight

On the basis of Type, Robotics as a Service (RaaS) Market is segmented into Personal, Professional. Professional type segment is expected to dominate the target market growth as professional service robots are used in repetitive, strenuous and dangerous tasks where emergency is required. The benefits such as increase in productivity, greater speed has boost the segment growth.

Application Insights

On the basis of Application, Robotics as a Service (RaaS) Market is segmented into Assembling, Handling, Processing, Dispensing, Welding & Soldering and Others. Handling application segment is expected to dominate the target market growth owing to lower operating cost and efforts of major players to deploy RaaS technology in material handling in various industries boost the segment growth.

End-Users Insights

On the basis of End-Users, Robotics as a Service (RaaS) Market is segmented into Healthcare, Manufacturing, Food & Beverage, Retail, Automotive, Logistics and Others. Manufacturing end-user segment is expected to dominate the target market growth as robotics technology is widely used in manufacturing industries to lower cost and to speed up production.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the Robotics as a Service (RaaS) Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period. Moreover, high disposable income, advancement in technology, growing research & development activities and huge investment in advanced robotic equipment is anticipated to increase demand for Robotics as a Service (RaaS) in the region.

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Report Scope:

Attribute

Details

Base year for estimation

2022

Forecast period

2022 – 2032

Market representation

Revenue in USD Billion & CAGR from 2022 to 2032

Market Segmentation

By Type - Personal, Professional

By Application - Assembling, Handling, Processing, Dispensing, Welding & Soldering and Others

By End-Users - Healthcare, Manufacturing, Food & Beverage, Retail, Automotive, Logistics and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Robotics as a Service (RaaS) Market report based on Type, Application, End-Users and Region:

Robotics as a Service (RaaS) Market, By Type:

  • Personal
  • Professional

Robotics as a Service (RaaS) Market, By Application:

  • Assembling
  • Handling
  • Processing
  • Dispensing
  • Welding & Soldering
  • Others

Robotics as a Service (RaaS) Market, By End-Users:

  • Healthcare
  • Manufacturing
  • Food & Beverage
  • Retail
  • Automotive
  • Logistics
  • Others

Robotics as a Service (RaaS) Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Robotics As A Service (RaaS) Market Key Players

The key players operating the Robotics as a Service (RaaS) Market includes, Starship Technologies, ABB, Lely International, Panasonic Corporation, Locus Robotics, Relay Robotics, Mahajan Automation, KUKA AG, Kongberg Maritime AS, Knightscope Inc., and others.

Robotics As A Service (RaaS) Market Company Profile

  • Starship Technologies*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ABB
  • Lely International
  • Panasonic Corporation
  • Locus Robotics
  • Relay Robotics
  • Mahajan Automation
  • KUKA AG
  • Kongberg Maritime AS
  • Knightscope Inc.

“*” marked represents similar segmentation in other categories in the respective section

Recent Development:

  • In February 2023, Bear Robotics launched new service robot ‘Servi’ a new innovative robot set for revolutionizing the food service industry. The new launched Servi is specially designed to help care home businesses & hospitality. It also help in assisting staff by applying autonomous & AI robot technology to serve food & drinks and to clear tables.
  • In April 2023, Starship Technologies launched new Robot Food Delivery Service at Worcester Polytechnic Institute (WPI). The new launched robotic service help in delivering from specialty campus eateries which includes Joy Empanadas, Innovation Kitchen and Halal Shack which serves more than 7,000 students and staffs from WPI’s Institute.
  • In June 2022, LG CNS launched new AI (artificial intelligence) robot subscription services to accelerate the shipping process and for optimizing management of robots by data analytics. New launched services are incorporated with artificial intelligence, cloud and data with robotics.

Robotics As A Service (RaaS) Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By End-Users
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Robotics as a Service (RaaS) Market, By Type
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Personal
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Professional
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  1. Robotics as a Service (RaaS) Market, By Application, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Assembling
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Handling
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Processing
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Dispensing
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Welding & Soldering
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  1. Robotics as a Service (RaaS) Market, By End-Users, 2022 – 2032, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Segment Trends
    • Healthcare
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Manufacturing
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Food & Beverage
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Retail
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Automotive
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Logistics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
  1. Robotics as a Service (RaaS) Market, By Region, 2022 – 2032, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
      • Y-o-Y Growth Analysis (%), 2022 – 2032
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Type, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
      • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  3. Company Profiles 
  • Starship Technologies
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ABB
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lely International
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Panasonic Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Locus Robotics
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Relay Robotics
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mahajan Automation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KUKA AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kongberg Maritime AS
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Knightscope Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Robotics as a Service (RaaS) Market is segmented into Type, Application, End-Users and Region.

Robotics as a Service (RaaS) Market is driven by factors like growing demand for robotics technology from various end-user industries.

By region, the Robotics as a Service (RaaS) market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating the Robotics as a Service (RaaS) Market includes, Starship Technologies, ABB, Lely International, Panasonic Corporation, Locus Robotics, Relay Robotics, Mahajan Automation, KUKA AG, Kongberg Maritime AS, Knightscope Inc., and others.

Robotics as a Service (RaaS) Market accounted for US$ 1.5 billion in 2022 and is estimated to be US$ 6.2 billion by 2032 and is anticipated to register a CAGR of 15.3%.