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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
Report ID: MRICT - 104836 Pages: 300 Jun-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 72 Hours Download Free Sample ReportThe Robots-as-a-Service Market is projected to reach $8.4 billion by 2030, at a CAGR of 16.7% during the forecast period of 2024 to 2030. The growth of this market is attributed to the rising use of RaaS in healthcare for efficient processes in clinical settings and surgical assistance, growing preference for RaaS over other automation software due to an increase in scalability, flexibility and reduced cost in the long run, and increasing adoption of RaaS in the manufacturing sector. In addition, increasing automation across various sectors such as hospitality, agriculture, rising focus on reducing human labor, and the emergence of Industry 5.0 are expected to offer significant opportunities for the growth of this market.
However, the lack of mobility and safety issues with robots while working with other industrial systems is a major challenge to the growth of this market.
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RaaS has emerged as a valuable solution for clinical settings and surgical assistance in healthcare, revolutionizing how medical professionals deliver care and perform complex procedures. Robots used in healthcare settings are equipped with advanced sensors, imaging technologies, and precision tools, enabling precise movements and accurate measurements. This level of precision can significantly improve surgical outcomes and diagnostic procedures, reducing the risk of errors and complications.
Furthermore, RaaS allows for teleoperation, enabling surgeons to perform procedures remotely with the help of robotic systems. This technology can transform healthcare by enabling remote consultations and surgeries, particularly in underserved areas. For instance, teleoperated robotic systems “CorPath GRX” in interventional cardiology. This technology enables cardiologists to remotely guide catheters during procedures, improving access to specialized care in remote areas and enhancing patient outcomes. Robots like the TUG autonomous mobile robot are also employed in hospitals to transport medications, supplies, and lab samples, reducing manual handling and freeing healthcare staff for more critical tasks. Thus, ongoing advancements in robotics, AI, and medical imaging technologies are driving the growth of RaaS in healthcare.
In 2024, the Industrial Segment is Expected to Dominate the Robots-as-a-Service Market
Based on type, the robots-as-a-service market is segmented into industrial, commercial, and domestic service robots. In 2024, the industrial segment is expected to account for the largest share and is projected to register the highest CAGR during the forecast period. This segment's large market share and rapid growth are attributed to a significant increase in demand for RaaS across several industries, including logistics, defense, construction & medicine, a surge in deployment of automation and mobility in many industries, rising labor costs, and a lack of skilled professionals.
In 2024, the Transport & Logistics Segment is Expected to Dominate the Robots-as-a-Service Market
Based on end user, the robots-as-a-service market is segmented into agriculture, inspection and maintenance, healthcare, search & rescue, hospitality, professional cleaning, transport & logistics, gardening, and other end users. In 2024, the transportation & logistics segment is expected to account for the largest share of the robots-as-a-service market. This segment's large market share is attributed to its increased usage in various applications such as picking, packing, and delivery, growing demand for autonomous mobile robots in warehouses to increase efficiency in inventory management, and enhanced safety & risk mitigation. However, healthcare is projected to register the highest CAGR during the forecast period.
In 2024, North America is Expected to Dominate the Robots-as-a-Service Market
Based on geography, the robot as a service market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the market. The need for robots as a service in the North American region has increased due to rising investments in cutting-edge technology, larger investment in R&D, and adoption of significant technologies such as surgical robots in healthcare, AGVs & AMRs in manufacturing. However, Asia-Pacific is projected to register the highest CAGR during the forecast period.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by the leading market participants in the robots-as-a-service market between 2020 and 2024. The key players profiled in the robots-as-a-service market report 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.).
Scope of the Report:
Robots-as-a-Service Market, by Robot Type
Robots-as-a-Service Market, by End User
Robots-as-a-Service Market, by Geography
Key questions answered in the report:
The robots-as-a-service market is projected to reach $8.4 billion by 2030, at a CAGR of 16.7% from 2024 to 2030.
The growth of this market is attributed to the rising use of RaaS in healthcare for efficient processes in clinical settings and surgical assistance, growing preference for RaaS over other automation software due to an increase in scalability, flexibility and reduced cost in the long run, and increasing adoption of RaaS in the manufacturing sector.
Increasing automation across various sectors such as hospitality and agriculture, rising focus on reducing human labor, and the emergence of Industry 5.0 are expected to offer significant opportunities for the growth of this market.
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.).
Published Date: Jul-2024
Published Date: Jun-2023
Published Date: May-2023
Published Date: Jun-2024
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