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The robotics as a service (raas) market size is valued to increase by USD 2.49 billion, at a CAGR of 23.47% from 2023 to 2028. Rapid industrialization in developed countries will drive the robotics as a service (raas) market.
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The robotics as a service (raas) industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The professional segment is estimated to witness significant growth during the forecast period.
The market is experiencing exponential growth, with businesses increasingly adopting this model to access advanced automation technologies without significant upfront investment. This trend is prevalent in sectors like manufacturing, healthcare, and logistics, where robots execute tasks such as assembly, surgery, and warehouse management. Collaborative robots, or cobots, are particularly popular due to their adaptability and ease of integration. Cloud-based platforms and AI-powered analytics expand RaaS possibilities, enabling businesses to optimize operations and enhance productivity. Performance metrics, such as error reduction and uptime guarantees, are crucial in RaaS. Real-time monitoring, remote diagnostics, and human-robot interaction are essential features, along with security protocols, robot task scheduling, and usage-based pricing.
RaaS integrates with various technologies, including kinematic modeling, robot programming languages, path planning algorithms, computer vision systems, and sensor data fusion. The market's growth is driven by the adoption of software-defined robotics, machine learning algorithms, and deep learning models. The RaaS market's scalable infrastructure supports API integration, haptic feedback devices, robot maintenance protocols, and modular robotic systems. One notable statistic illustrates the impact of RaaS on business performance: a 15% increase in productivity has been reported by companies implementing RaaS solutions.
The Professional segment was valued at USD 726.70 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 37% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market is experiencing significant growth and transformation, with APAC emerging as the largest geographical segment in 2023. This region's dominance is attributed to increasing government initiatives to fund robotics sector innovations and the growing interest of international companies in entering markets like China, Japan, South Korea, Australia, Taiwan, India, and Hong Kong. Japan, in particular, is witnessing a surge in robot adoption due to its aging population, driving demand for robots in sectors such as healthcare, hospitality, and tourism.
According to recent reports, the Japanese robotics market is projected to grow at a robust rate, with an estimated 30% of the workforce expected to be replaced by robots by 2030. This trend is not only contributing to operational efficiency gains but also facilitating cost reductions and ensuring regulatory compliance.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global robotics market is increasingly driven by the integration of advanced control software and flexible automation solutions across industrial and commercial applications. Robot control software enables precise operation of collaborative robots and robotic arm control, enhancing productivity and reducing human error. Remote access control and remote troubleshooting platforms facilitate off-site monitoring and maintenance, while mobile manipulation and 3D vision systems improve the adaptability of robotic systems in dynamic work environments. Advanced sensors and data acquisition systems support real-time feedback, improving task accuracy and enabling sophisticated automation workflows.
Simulation environments and robot programming are essential for training and validating system performance, allowing for on-demand robots, robot leasing, and robot rental solutions that offer scalable deployment options. Network infrastructure and cybersecurity measures are increasingly critical for safeguarding remote robot deployment and access control systems, particularly in industrial automation setups. Custom robotics solutions and flexible automation frameworks enable organizations to tailor operations to specific workflows, optimizing efficiency and reducing operational costs.
From a comparative standpoint, implementations of collaborative robots and flexible automation in production lines show measurable improvements in cycle times and error reduction. Remote training platforms and advanced simulation environments further enhance workforce readiness, while task automation and integration of data acquisition systems demonstrate quantifiable gains in throughput and reliability. These developments highlight the ongoing evolution of the robotics market toward interconnected, highly adaptable, and secure automation solutions.
The robotics as a service (raas) market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the robotics as a service (raas) market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Robotics As A Service (RaaS) Industry
Companies are implementing various strategies, such as strategic alliances, robotics as a service (raas) market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Ademco Security Group Pte Ltd. - The company provides Robotics-as-a-Service, including the Ademco Robotic Security Guard. This advanced security solution autonomously patrols designated areas, detecting and reporting suspicious activity, enhancing safety and efficiency for clients.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Robotics As A Service (RaaS) Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
176 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 23.47% |
Market growth 2024-2028 |
USD 2491.6 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
18.7 |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Robotics As A Service (RaaS) Market between 2024 and 2028?
USD 2.49 billion, at a CAGR of 23.47%
What segmentation does the market report cover?
The report is segmented by Type (Professional and Personal), Application (Intralogistics, Medical applications, Surveillance and security, Field robotics, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Rapid industrialization in developed countries, Need for technical expertise
Who are the major players in the Robotics As A Service (RaaS) Market?
Ademco Security Group Pte Ltd., Caja Elastic Dynamic Solutions Ltd., Cobalt Robotics Inc., Exotec SAS, Field Group AS, HAHN Group GmbH, Harvest Automation, inVia Robotics Inc., Irobot Corp., Knightscope Inc., Kraken Robotics Inc., Locus Robotics Corp., Marks and Spencer Group plc, OhmniLabs Inc., Rapyuta Robotics Co. Ltd., RedZone Robotics Inc., Relay Robotics Inc., Sarcos Technology and Robotics Corp., Singapore Technologies Engineering Ltd., and Zebra Technologies Corp.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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