The Latin America, Middle East and Africa Robotics as a Service Market would witness market growth of 18.6% CAGR during the forecast period (2022-2028).
The usage of service robots, which increased productivity and quality and improved robot capabilities due to technological improvement, contributed to the market's expansion. Domestic robot use is rising globally due to the utilization of IoT-based gadgets in homes and the development of more precise, more inexpensive home robots. In addition, the market is driven by ongoing initiatives to promote automation at manufacturing units and lower labor pay costs by minimizing human involvement in industrial operations.
The skills of robots are being exponentially expanded by technology, and they can now perform more jobs in less time. The workflow process has undergone a significant transformation due to the deployment of these robots across a wide range of industries, including healthcare, defense, logistics, agriculture, and others. For instance, using robots in the healthcare industry has enabled doctors to execute surgeries requiring the least amount of incision possible. These robots are employed as tools to perform precise movements or incisions that are challenging for human hands to complete.
In the United Arab Emirates (UAE), robotics and automation have enhanced production procedures in various industries, including the metal, automotive, and electrical sectors. RaaS is also used by several top industrial companies to complete trade-related tasks. The large presence of well-known companies impacts the widespread deployment of RaaS in the country. Similarly, the expanding investments in robotics, notably in healthcare, education, and sports, have fueled the demand for robots in Qatar. A prime example of the region's extensive use of robotics during the pandemic was the Hamad International Airport's use of robots equipped with short-wavelength UV light for disinfection.
The Brazil market dominated the LAMEA Robotics as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $60.3 million by 2028. The Argentina market is experiencing a CAGR of 19.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 18.3% during (2022 - 2028).
Based on Application, the market is segmented into Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing, and Others. Based on End User, the market is segmented into Logistics, Automotive, Manufacturing, Food & Beverages, Aerospace & Defense, Retail, Media & Entertainment, Healthcare, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Robotics as a Service Market is Predict to reach $3.7 Billion by 2028, at a CAGR of 16.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Berkshire Grey, Inc., Kuka AG (Midea Investment Holding Co., Ltd.), Cyberdyne, Inc., Knightscope, Inc., Locus Robotics, Exotec SAS, Caja Robotics, Hirebotics, Cobalt Robotics and Relay Robotics, Inc.
By Application
By End User
By Country
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