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Robotics as a Service (RaaS) Market - By Type (Professional, Personal), By Application (Handling, Assembling, Dispensing, Processing, Welding & Soldering), By End-use (Manufacturing, Automotive, Food & beverage, Logistics, Healthcare, Retail) & Forecast, 2023 – 2032

  • Report ID: GMI5610
  • Published Date: May 2023
  • Report Format: PDF

Robotics as a Service  Market Size

Robotics as a Service Market size was at over USD 1.5 billion in 2022. Driven by increasing adoption of robotics in food delivery services globally, the industry will expand at over 15% CAGR from 2023 to 2032. 
 

Robotics as a Service Market

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Many food delivery giants such as Takeaway.com, UberEats, and Foodpanda, are investing huge amounts into RaaS technology for fast last-mile delivery. In fact, in May 2022, Uber Technologies Inc., a U.S.-based technology company, started the testing of autonomous food delivery services in two cities in California. The company also unveiled a food delivery service with self-driving cars and a separate pilot using sidewalk robots. Customers in West Hollywood and Santa Monica, California, can use both services.
 

Steep initial investment required for procuring, integrating, coding, and accessorizing robots may limit industry growth. Additionally, high cost of software upgrades, sensor replacements, and other part replacements add to the total cost of ownership. Due to insufficient production and slow ROI, these businesses also face problems in revenue generation, which turns them towards low-cost alternatives for business operations.
 

Robotics as a Service  Market Size

Robotics as a Service Market Revenue, By End-use

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Robotics as a service market size from the logistics end-use segment will be over USD 2 billion by 2032. Growing demand for robots for the streamlining of supply chain operations in various industries is contributing to segment expansion. Many companies are making substantial investments to deploy RaaS for enhancing their supply chains. For instance, in March 2023, Körber, a leading automation company, unveiled its intent to launch a new RaaS program to help clients access a global network of robotics service partners.
 

Robotics as a Service Market Share, By Application

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Robotics as a service (RaaS) market value from handling applications will be over USD 2.5 billion by 2032. Low operating costs of robotics have increased the demand for RaaS technology for seamless material handling. Moreover, growing efforts by various companies to deploy RaaS technology for efficient material handling will further contribute to segment growth.
 

For instance, in June 2022, Caja Robotics, a prominent provider of robotic solutions, inked a partnership deal with Fives Group, a leading advanced material handling solutions provider. This collaboration was aimed at addressing challenges to warehouse automation across Europe. Such developments will create lucrative prospects for RaaS market growth over the forecast period.
 

North America Robotics as a Service (RaaS) Market Revenue, 2020-2032

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North America Robotics as a service (RaaS) market share will exhibit more than 18% CAGR through 2032. Rising investments in robotic equipment is expected to contribute to regional expansion. As per the U.S. Census Bureau, in 2021, the U.S. capital expenditure on robotic equipment was worth USD 11,536 million and made 1.1% of total expenditures on equipment for that year. Regional growth can also be credited to high adoption of surgical robots in the healthcare sector.
 

Robotics as a Service Market Share

  • Locus Robotics
  • Starship Technologies
  • Knightscope, Inc.
  • Lely International
  • Mahajan Automation
  • Kongberg Maritime AS
  • Relay Robotics
  •  KUKA AG
     

Robotics as a service market news:

  • In September 2022, Jacky's Business Solutions, a B2B technology solutions provider, showcased its all-new Temi Robot (V3) at the Gitex event. The company has launched this personal assistance robot in the Middle East.
     
  • In October 2022, Knightscope, Inc., an American robotics company, announced the acquisition of CASE Emergency Systems, a leading self-driving security robot manufacturer. The company will use CASE Emergency Systems' key clients in its sales strategy for growing its autonomous security business and extending its geographical footprint. 
     

The robotics as a service market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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By Type

  • Professional
  • Personal

By Application

  • Handling
  • Assembling
  • Dispensing
  • Processing
  • Welding & Soldering
  • Others

By End-use

  • Manufacturing
  • Automotive
  • Food & beverage
  • Logistics
  • Healthcare
  • Retail
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ANZ
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • Saudi Arabia
    • UAE

 

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

In 2022, global robotic as a service market size was over USD 1.5 billion and will depict over 15% CAGR from 2023 to 2032, driven by surging adoption of robotics in food delivery services globally.
Based on end-use, RaaS industry size from logistics segment will be more than USD 2 billion by 2032, on account of increasing demand for robots for streamlining supply chain processes in various industries.
North America robotics as a service market size will be more than USD 2.5 billion by 2032, owing to growing investment in robotic equipment in the region.
Some of the leading market players are Aethon, inVia Robotics, Inc., Hirebotics, Formic Technologies Inc, CYBERDYNE, Inc, Berkshire Grey, Inc., Exotec, and Intuitive Surgical, among others.

Robotics as a Service Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 17
  • Tables & Figures: 258
  • Countries covered: 17
  • Pages: 230
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