The Global Robotics as a Service Market will Hit $3.7 Billion by 2028, at a CAGR of 16.3%
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Robotics as a Service Market Growth, Trends and Report Highlights
According to a new report, published by KBV research, The Global Robotics as a Service Market size is expected to reach $3.7 billion by 2028, rising at a market growth of 16.3% CAGR during the forecast period.
The Assembling & Disassembling segment is showcasing a CAGR of 16.5% during (2022 - 2028). Assembly robots do highly repetitive operations more quickly and precisely than human labor, contributing to the segment's growth. Robotics' use in assembly and disassembly operations frees workers to undertake another job that doesn't put them in danger of workplace accidents. In robotic assembly systems, one or more assembly activities may occur within a work cell. Robots can do intricate pick-and-place operations and quality control using vision systems.
The Logistics segment is leading the Global Robotics as a Service Market by End User in 2021 thereby, achieving a market value of $982.7 million by 2028. The need for RaaS has witnessed an increase in the logistics sector due to its application in handling as well as dispensing. In order to improve the efficiency of picking, placing, and completing orders, plant operators are using picking robots, along with autonomous forklifts in warehouses. In addition, several robot providers promote warehouse transformation by providing flexible price alternatives through RaaS instead of purchasing these robots altogether.
The North America market dominated the Global Robotics as a Service Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.3 billion by 2028. The Asia Pacific market is poised to grow at a CAGR of 17.1% during (2022 - 2028). Additionally, The Europe market would showcase a CAGR of 16% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/robotics-as-a-service-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
Global Robotics as a Service Market Segmentation
By Application
- Handling
- Assembling & Disassembling
- Welding & Soldering
- Dispensing
- Processing
- Others
By End User
- Logistics
- Automotive
- Manufacturing
- Food & Beverages
- Aerospace & Defense
- Retail
- Media & Entertainment
- Healthcare
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Berkshire Grey, Inc.
- Kuka AG (Midea Investment Holding Co., Ltd.)
- Cyberdyne, Inc.
- Knightscope, Inc.
- Locus Robotics
- Exotec SAS
- Caja Robotics
- Hirebotics
- Cobalt Robotics
- Relay Robotics, Inc.
Related Reports:
North America Robotics as a Service Market Size & Share 2028
- February-2023
- 78 Pages
LAMEA Robotics as a Service Market Size & Growth Trends 2028
- February-2023
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Europe Robotics as a Service Market Size & Forecast by 2028
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Asia Pacific Robotics as a Service Market Size & Growth 2028
- February-2023
- 88 Pages