Meticulous Research®, a trusted name in market research, has recently published a comprehensive 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."
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According to the latest report by Meticulous Research®, the global Robots-as-a-Service (RaaS) market is expected to experience significant growth, reaching $8.4 billion by 2030, with a CAGR of 16.7% during the forecast period from 2024 to 2030. The market's expansion is driven by the increasing adoption of RaaS in healthcare to improve clinical operations and support surgical procedures, the growing preference for RaaS due to its scalability, flexibility, and long-term cost-effectiveness, and the rising adoption of RaaS in the manufacturing sector. Furthermore, the increasing automation across various industries such as hospitality and agriculture, the focus on reducing human labor, and the emergence of Industry 5.0 are expected to create significant opportunities for the market's growth.
However, the market also faces challenges, including the lack of mobility and safety issues associated with robots working alongside other industrial systems.
The RaaS market is segmented by robot type and end user, with an in-depth analysis of the competitive landscape and market dynamics at regional and country levels.
Based on robot type, the RaaS market is divided into industrial, commercial, and domestic service robots. The industrial service robots segment is expected to dominate the market in 2024, accounting for the largest share and registering the highest CAGR over the forecast period. The segment's growth is driven by the increasing demand for RaaS across industries such as logistics, defense, construction, and healthcare. The surge in automation and mobile technologies across various sectors, coupled with rising labor costs and a shortage of skilled professionals, are key factors driving the growth of the industrial service robots segment.
When analyzed by end user, the RaaS market is segmented into agriculture, inspection and maintenance, healthcare, search & rescue, hospitality, professional cleaning, transport & logistics, gardening, and other sectors. The transportation & logistics segment is expected to hold the largest market share in 2024, driven by its extensive application in picking, packing, and delivery processes, the growing demand for autonomous mobile robots (AMRs) in warehouses for efficient inventory management, and enhanced safety and risk mitigation. However, the healthcare segment is projected to register the highest CAGR during the forecast period, driven by the increasing number of surgical procedures, the need to minimize human error, improved precision and accuracy, and the growing adoption of advanced surgical systems by healthcare professionals.
Geographically, the RaaS market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market in 2024, supported by significant investments in advanced technologies, substantial R&D spending, and the adoption of technologies such as surgical robots in healthcare and AGVs & AMRs in manufacturing. However, the Asia-Pacific region is expected to register the highest CAGR during the forecast period, reflecting rapid market growth in this region.
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/robotic-process-automation-market-5282
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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