Robotics-as-a-Service Market by Robot Type (Mobile, Stationary), Service Type (Personal, Professional), Application, Vertical - Global Forecast 2024-2030

Robotics-as-a-Service Market by Robot Type (Mobile, Stationary), Service Type (Personal, Professional), Application, Vertical - Global Forecast 2024-2030

The Robotics-as-a-Service Market size was estimated at USD 2.33 billion in 2023 and expected to reach USD 2.74 billion in 2024, at a CAGR 18.54% to reach USD 7.68 billion by 2030.

Global Robotics-as-a-Service MarketRobotic-as-a-service (RaaS) is a cloud-based rental robotic system that facilitates users to install robotics without requiring the necessary infrastructure more traditional robotics implementations require. RaaS uses locally installed robotic hardware with cloud-based automation and programming, allowing the users to connect power, program the robot, and start using it. RaaS attracts business interest because it is more flexible, scalable, and affordable than traditional robotics programs. These features make robotics accessible to small and medium-sized organizations without the typically prohibitive initial investment. The surging demand in the defense and military sector and rising government funding for advanced research activities are driving the growth of the RaaS market. However, safety issues and the requirement for huge capital may hamper the development of the RaaS market. Nevertheless, integrating modern technologies and emerging potential in the logistics sector creates lucrative opportunities for the robotics-as-a-service market.Regional InsightsThe continuous use of cutting-edge technologies and favorable funding situations for robotic automation has caused a considerable evolution in the robotic-as-a-service business in America in recent years. The US government developed the National Robotics Initiative (NRI) across the country to assist fundamental robotics R&D. The main objectives center on the basic science, technology, and integrated systems required to realize a vision of ubiquitous collaborative robots aiding people in all facets of life and broadening market potential in the region. The 8th Framework Programme of the European Union, Horizon 2020, also funds robotics projects that cover a wide range of research and innovation subjects, including manufacturing, commercial, and healthcare applications, as well as consumer, transportation, and agri-food robots. Over the program's seven-year lifespan, European Commission will support robotics research and innovation to an estimated USD 780 million. Due to the engagement of numerous countries, including China, Japan, South Korea, Singapore, Australia, and many others, the robotics-as-a-service industry is also expected to grow significantly in the Asia-Pacific region. The Intelligent Robot Development and Supply Promotion Act of Korea is working on expanding the RaaS market area in the Asia-Pacific region and growing the robot industry in Korea as a core industry in the fourth industrial revolution.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Robotics-as-a-Service Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Robotics-as-a-Service Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Robotics-as-a-Service Market, highlighting leading vendors and their innovative profiles. These include Augean Robotics, Inc., Berkshire Grey, Inc., Cobalt Robotics, Inc., Electric Sheep Robotics, Exotec, Fetch Robotics, Inc. by Zebra Technologies Corporation, Formant, Inc., Geekplus Technology Co., Ltd., Grey Orange Pte. Ltd., HAHN Robshare GmbH, HAI ROBOTICS Co., Ltd., Hirebotics, Honda Motor Co., Ltd., InVia Robotics, Inc., Locus Robotics Corporation, Mediland Enterprise Corporation, Nuro, Inc., Proven Robotics, Relay Robotics, Inc., RIOS Intelligent Machines, Inc., Ronavi robotics LLC, Rovco, Ltd., Sisua Digital Oy, ST Engineering Aethon, Inc., Starship Technologies, Inc., Terradepth, Tiny Brain Robotics Inc., and Vecna Robotics, Inc..

Market Segmentation & Coverage



This research report categorizes the Robotics-as-a-Service Market to forecast the revenues and analyze trends in each of the following sub-markets:

Robot Type
Mobile
Automated Guided Vehicles (AGVs)
Autonomous Mobile Robots (AMRs)
Humanoids
Hybrids
Stationary
Articulated Robots
Cobots
Service Type
Personal
Professional
Application
Assisting
Dispensing
Handling
Inspection
Processing
Vertical
Aerospace & Defense
Automotive & Transportation
Business & Finance
Construction
Energy & Natural Resources
Government & Public Sector
Healthcare & Pharmaceuticals
Manufacturing
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Robotics-as-a-Service Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Robotics-as-a-Service Market?
3. What are the technology trends and regulatory frameworks in the Robotics-as-a-Service Market?
4. What is the market share of the leading vendors in the Robotics-as-a-Service Market?
5. Which modes and strategic moves are suitable for entering the Robotics-as-a-Service Market?

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