According to the latest insights from Meticulous Research®'s report titled, 'Robots-as-a-Service Marketby 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,’ the robots-as-a-service (RaaS) market is forecasted to grow to $8.4 billion by 2030, representing a CAGR of 16.7% between 2024 and 2030. This anticipated growth is driven by several factors including the increasing adoption of RaaS in healthcare settings to enhance clinical and surgical efficiency, the preference for RaaS over traditional automation due to its scalability, flexibility, and cost-effectiveness, and the growing integration of RaaS in the manufacturing industry. Other growth drivers include the rise in automation across sectors such as hospitality and agriculture, efforts to reduce human labor, and the advent of Industry 5.0.

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However, market growth is tempered by challenges such as limited robot mobility and safety concerns when integrating robots with existing industrial systems.

The report segments the robots-as-a-service market by robot type and end user, offering a comprehensive analysis of industry competitors and regional markets.

By robot type, the market is classified into industrial, commercial, and domestic robots. The industrial segment is expected to lead the market in 2024 and register the highest CAGR during the forecast period. This dominance is due to increased demand across various industries including logistics, defense, construction, and healthcare, along with rising automation needs, high labor costs, and a shortage of skilled workers.

In terms of end users, the market is segmented into agriculture, inspection and maintenance, healthcare, search & rescue, hospitality, professional cleaning, transport & logistics, gardening, and other sectors. The transport & logistics segment is anticipated to hold the largest share in 2024 due to its extensive applications in picking, packing, and delivery, the growing need for autonomous mobile robots in warehouses, and a focus on safety and risk mitigation. The healthcare sector is expected to achieve the highest CAGR, driven by an increase in surgical procedures, reduced risk of human error, improved precision, and the growing adoption of advanced surgical technologies.

Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is projected to hold the largest market share in 2024, supported by high investments in technology, significant R&D efforts, and the adoption of key technologies such as surgical robots and AGVs & AMRs in manufacturing. Conversely, Asia-Pacific is expected to exhibit 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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