Robot As A Service Market, By Type, By End-Use Industry, By Geography

Description

The global robot as a service market is estimated to be valued at US$ 2.05 billion in 2024 and is expected to reach US$ 6.42 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 17.7% from 2024 to 2031.

Figure 1. Robot As A Service Market Share (%), By Region, 2024

Robot as a service (RaaS) refers to a cloud-based model that allows organizations to lease multipurpose industrial and commercial robots on a pay-per-use or subscription basis. RaaS helps businesses of all sizes benefit from robotics technology without the need for large upfront investments in hardware or systems integration. Through RaaS platforms, users can select the type of robot, cost structures, and service levels as per their specific operational needs. Advanced cloud-based frameworks also provide remote monitoring capabilities and real-time data analytics to optimize task efficiency and robot performance. The global Robot as a service market is expected to witness significant growth as the model promises to make robotics solutions more affordable and accessible to SMEs across various industries.

Market Dynamics:

The key drivers fueling the global robot as a service market include growing need for automation across the manufacturing, transportation & logistics sectors to enhance productivity and reduce costs. Moreover, the rising adoption of collaborative robots or cobots in SMEs due to their small footprint and ease of deployment is further propelling the demand for RaaS. However, data security and privacy concerns related to leasing robots on a subscription model pose challenges. Additionally, high initial investments required for cloud integrations and limited skilled expertise are hindering the market's growth. The development of 5G networks and edge computing technologies are expected to unlock new opportunities by facilitating real-time robot control via cloud systems. Adoption of Artificial intelligence-enabled cognitive capabilities in next-gen robots will also expand application areas and drive future growth prospects.

Key Features of the Study:

This report provides an in-depth analysis of the global robot as a service market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global robot as a service market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include ABB Ltd., Amazon Robotics, Boston Dynamics, Dyson Ltd., FANUC Corporation, Hanson Robotics Limited, iRobot Corporation, Intuitive Surgical Inc., KUKA AG, Northrop Grumman Corporation, SoftBank Robotics Holdings Corp., UBTECH Robotics Corp., Yaskawa Electric Corporation, Yujin Robot, Co., Ltd., and Zebra Technologies Corporation
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global robot as a service market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global robot as a service market

Detailed Segmentation:

By Type
- Profession Service Robot
- Personal Service Robot
By End-use Industry
- IT & Telecom
- BFSI
- Defense
- Logistics
- Healthcare
- Retail
- Food & Beverage
- Media & Entertainment
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Players Insights
- ABB Ltd.
- Amazon Robotics
- Boston Dynamics
- Dyson Ltd.
- FANUC Corporation
- Hanson Robotics Limited
- iRobot Corporation
- Intuitive Surgical Inc.
- KUKA AG
- Northrop Grumman Corporation
- SoftBank Robotics Holdings Corp.
- UBTECH Robotics Corp.
- Yaskawa Electric Corporation
- Yujin Robot, Co., Ltd.
- Zebra Technologies Corporation

Product Code: CMI4538

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By End-Use Industry
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Robot As A Service Market, By Type, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Profession Service Robot
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Personal Service Robot
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Robot As A Service Market, By End-Use Industry, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
IT & Telecom
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
BFSI
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Defense
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Logistics
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Retail
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Food & Beverage
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Media & Entertainment
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Robot As A Service Market, By Region, 2019-2031 (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
North America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-Use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-Use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-Use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-Use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Type, 2019-2031 (US$ Bn)
- Market Size and Forecast, By End-Use Industry, 2019-2031 (US$ Bn)
- Market Share Analysis, By Country, 2024 and 2031 (%)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

7. Competitive Landscape

Company Profiles
- ABB Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Amazon Robotics
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Boston Dynamics
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Dyson Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- FANUC Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hanson Robotics Limited
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- iRobot Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Intuitive Surgical Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- KUKA AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Northrop Grumman Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- SoftBank Robotics Holdings Corp.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- UBTECH Robotics Corp.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Yaskawa Electric Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Yujin Robot, Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Zebra Technologies Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

8. Wheel of Fortune

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. Section

References
Research Methodology
About us and Sales Contact