Robotics as a Service (RaaS) Market Analysis

Robotics as a Service  Market Size

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 (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 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.