PUBLISHER: Grand View Research | PRODUCT CODE: 1321477
PUBLISHER: Grand View Research | PRODUCT CODE: 1321477
Robot As A Service Market Size, Share & Trends Analysis Report By Enterprise Size (SME, Large), By Application (Handling, Dispensing, Welding & Soldering), By Industry Vertical, By Region, And Segment Forecasts, 2023 - 2030
Robot As A Service Market Growth & Trends
The global robot as a service market size is estimated to reach USD 4.12 billion by 2030, growing at a CAGR of around 17.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growing demand for automation in various industries is driving the market growth. Companies seeking to improve efficiency and productivity are turning to automation technologies like robots. This technology provides an affordable and flexible way for companies to access advanced robotics technology, allowing them to automate their operations without significant upfront investments.
The need to reduce labor costs also fuels the demand for these robots. In many industries, labor costs are high, and companies are looking for ways to reduce these costs without sacrificing productivity. Robots can perform tasks more efficiently and consistently than human workers, making them an attractive option for companies looking to reduce labor costs. The subscription per hour follows a usage-based approach, where customers are charged for the duration of the robot's utilization. This model offers flexibility to businesses as they only pay for the specific period they require the robotic services by aligning costs with actual usage.
The market's growth is due to the increasing adoption of robots in various industries such as healthcare, logistics, retail, and manufacturing. Companies want to automate repetitive and tedious tasks to improve efficiency and productivity. It provides a cost-effective solution for companies to access the benefits of robotics without the high upfront costs. Companies can rent or lease robots which helps them avoid the large expenses associated with purchasing and maintaining robots.
Companies are also receiving venture funding which helped them to drive innovation and accelerate the adoption of robotics. Startups in the market have received significant investments, which has enabled them to develop more advanced and sophisticated robots. For instance, cobots are becoming more popular in the market, as these robots are designed to work alongside humans and can be programmed to perform a wide range of tasks. They are particularly useful in industries such as manufacturing and logistics, where they can help to improve efficiency and safety.
Larger enterprises have been early adopters of robot as a service (RaaS) solutions; however, there is a significant opportunity for their providers to target SMEs. SMEs may need more resources to invest in expensive robotics equipment; however, they could benefit from this technology solution that allows them to access the robots without the high upfront cost.
As the capabilities of robots continue to evolve, new use cases for these robots are likely to emerge. For example, various industries could use robots for cleaning, security, and inspection tasks. The demand for service robots designed to interact with humans will increase during the forecast period. Companies are capitalizing on this trend by offering service robots as part of their offerings. Service providers develop and offer software solutions for robot control and operating systems. These software platforms enable users to monitor and control the robots, manage their movements, coordinate multiple robots, and perform tasks efficiently. The software allows for seamless integration of different hardware components and provides a user-friendly interface for programming and customization.
Robot As A Service Market Report Highlights
- The small and medium enterprises (SMEs) segment is expected to record a significant CAGR of around 19.0% from 2023 to 2030 due to the increasing demand for automation, efficiency, and cost savings in various industries
- The logistics end-use segment is anticipated to witness the fastest CAGR of over 15.0% from 2023 to 2030. This growth can be attributed to increasing demand for cost-effective and efficient transportation and warehousing solutions
- Asia Pacific is anticipated to register the highest CAGR over the forecast period. The rapid growth of e-commerce and the subsequent increase in demand for efficient logistics and warehousing solutions have driven the market's growth in the region
- The major companies operating in the market include KUKA AG, Fanuc Corporation, iRobot Corporation, and Aethon
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information Analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data Validation & Publishing
- 1.4 Research Scope And Assumptions
- 1.4.1 List Of Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Robot As A Service (RaaS) Market Variables And Trends
- 3.1 Market Lineage Outlook
- 3.2 Industry Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Key Market Drivers Analysis
- 3.3.2 Key Market Restraints Analysis
- 3.4 Industry Analysis Tools
- 3.4.1 Porter's Analysis
- 3.4.2 Macroeconomic Analysis
- 3.5 Robot as a Service (RaaS) Market - COVID-19 Impact Analysis
Chapter 4 Robot As A Service (RaaS) Market: Enterprise Size Estimates & Trend Analysis
- 4.1 Enterprise Size Movement Analysis & Market Share, 2022 & 2030
- 4.2 Robot As A Service (RaaS) Market Estimates & Forecast, By Enterprise Size (USD Billion)
- 4.2.1 Small & Medium Enterprises
- 4.2.2 Large Enterprises
Chapter 5 Robot As A Service (RaaS) Market: Application Estimates & Trend Analysis
- 5.1 Application Movement Analysis & Market Share, 2022 & 2030
- 5.2 Robot As A Service (RaaS) Market Estimates & Forecast, By Application (USD Billion)
- 5.2.1 Handling
- 5.2.2 Assembling And Disassembling
- 5.2.3 Dispensing
- 5.2.4 Processing
- 5.2.5 Welding And Soldering
- 5.2.6 Others
Chapter 6 Robot As A Service (RaaS) Market: Industry Vertical Estimates & Trend Analysis
- 6.1 Industry Vertical Movement Analysis & Market Share, 2022 & 2030
- 6.2 Robot As A Service (RaaS) Market Estimates & Forecast, By Industry Vertical (USD Billion)
- 6.2.1 BFSI
- 6.2.2 Defense
- 6.2.3 Healthcare
- 6.2.4 Automotive
- 6.2.5 Manufacturing
- 6.2.6 Retail
- 6.2.7 Telecom & IT
- 6.2.8 Logistics & Transportation
- 6.2.9 Others
Chapter 7 Robot As A Service (RaaS) Market: Regional Estimates & Trend Analysis
- 7.1 Robot As A Service (RaaS) Market: Regional Outlook
- 7.2 North America
- 7.2.1 North America Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2 U.S.
- 7.2.2.1 U.S. Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.2.3 Canada
- 7.2.3.1 Canada Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030
- 7.3 Europe
- 7.3.1 Europe Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2 Germany
- 7.3.2.1 Germany Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.3.3 UK
- 7.3.3.1 Uk Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030
- 7.3.4 France
- 7.3.4.1 France Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030
- 7.3.5 Italy
- 7.3.5.1 Italy Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2 China
- 7.4.2.1 China Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.4.3 Japan
- 7.4.3.1 Japan Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030
- 7.4.4 India
- 7.4.4.1 India Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030
- 7.4.5 South Korea
- 7.4.5.1 South Korea Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030
- 7.4.6 Australia
- 7.4.6.1 Australia Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030
- 7.5 Latin America
- 7.5.1 Latin America Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2 Brazil
- 7.5.2.1 Brazil Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.5.3 Mexico
- 7.5.3.1 Mexico Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030
- 7.6 Middle East And Africa
- 7.6.1 Middle East And Africa Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2 Uae
- 7.6.2.1 Uae Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
- 7.6.3 South Africa
- 7.6.3.1 South Africa Robot As A Service (RaaS) Market Estimates & Forecasts, 2018 - 2030 (USD Billion)
Chapter 8 Robot As A Service (RaaS) Market- Competitive Landscape
- 8.1 Key Participants
- 8.1.1 Ademco Global
- 8.1.2 Aethon
- 8.1.3 Abb Group
- 8.1.4 Amazon Web Services Inc.
- 8.1.5 Beetl Robotics
- 8.1.6 Berkshire Grey Inc.
- 8.1.7 Cobalt Robotics
- 8.1.8 Cyberdyne Inc.
- 8.1.9 Fanuc Corporation
- 8.1.10 Irobot Corporation
- 8.1.11 Invia Robotics
- 8.1.12 Kongsberg Martime
- 8.1.13 Kuka Ag
- 8.1.14 Locus Robotics
- 8.1.15 Northrop Grumman
- 8.1.16 Redzone Robotics
- 8.1.17 Relay Robotics
- 8.1.18 Yaskawa Electric Corporation
- 8.2 Recent Development & Impact, By Key Market Participants
- 8.3 Company Categorization
- 8.4 Participant's Overview
- 8.5 Financial Performance
- 8.6 Product Benchmarking
- 8.7 Company Heat Map Analysis
- 8.8 Company Market Share Analysis, 2022
- 8.9 Strategy Mapping
- 8.9.1 Expansion
- 8.9.2 Mergers & Acquisition
- 8.9.3 Collaborations
- 8.9.4 New Product Launches
List of Tables
- Table 1 Robot as a Service (RaaS) market - Key market driver impact
- Table 2 Key market restraint/challenges impact
- Table 3 Global Robot as a Service (RaaS) Market Revenue Estimates and Forecast, By Enterprise Size, 2018 - 2030 (USD Billion)
- Table 4 Global Robot as a Service (RaaS) Market Revenue Estimates and Forecast, By Application, 2018 - 2030 (USD Billion)
- Table 5 Global Robot as a Service (RaaS) Market Revenue Estimates and Forecast, By Industry Vertical, 2018 - 2030 (USD Billion)
- Table 6 Recent Developments & Impact Analysis, By Key Market Participants
- Table 7 Company Heat Map Analysis
- Table 8 Key Companies undergoing expansions
- Table 9 Key Companies involved in M&As
- Table 10 Key Companies undergoing collaborations
- Table 11 Key Companies launching new products
List of Figures
- Fig. 1 Robot as a Service (RaaS) Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Market Snapshot
- Fig. 7 Segment Snapshot
- Fig. 8 Competitive Landscape Snapshot
- Fig. 9 Robot as a Service (RaaS) - Industry Value Chain Analysis
- Fig. 10 Robot as a Service (RaaS) market: PORTER's Analysis
- Fig. 11 Robot as a Service (RaaS) market: PESTEL Analysis
- Fig. 12 Key Company Categorization
- Fig. 13 Company Market Share Analysis, 2022
- Fig. 14 Strategic framework
