Robot as a Service Market, by Type (Profession Service Robot and Personal Service Robot), By End use Industry (IT & Telecom, BFSI, Defense, Logistics, Healthcare, Retail, Food & Beverage, Media & Entertainment, and Others), and by Region (North America, E

Robot as a Service Market, by Type (Profession Service Robot and Personal Service Robot), By End use Industry (IT & Telecom, BFSI, Defense, Logistics, Healthcare, Retail, Food & Beverage, Media & Entertainment, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Robotics as a Service (RaaS) is a unit that integrates artificial intelligence (AI) with cloud computing and shared services. Robot as a service (RaaS) is gaining popularity, as businesses are increasingly adopting RaaS platform owing to its flexibility, scalability, and lower cost as compared to the traditional robotics platforms. The RaaS platform allows small- and medium-sized businesses to get benefit from the platform without high initial investment. Furthermore, growing adoption of RaaS in many sectors such as logistics and medical is driving the market growth during the forecast period. For instance, Google Inc., a U.S.-based technology company introduced Google Cloud Robotics Platform that combines artificial intelligence (AI), cloud, and robotics to offer secure and robust connectivity between robots and the cloud.
Market Dynamics
The growing adoption of professional robots in many sectors is expected to drive market growth during the forecast period. This is attributed to growing need for automated solutions across various professional sectors. Professional applications of RaaS include agricultural robots, inspection robots, humanoid robots, exoskeletons, construction robots, robotic kitchen, laundry robots, unmanned surface vehicles (USVs), autonomous underwater vehicles (AUVs), remotely operated vehicles (ROVs), inspection robots, and telepresence robots. For instance, according to the data of IFR (International Federation of Robotics), a Germany based non-profit organization, the sales of professional service robots had reached US$ 5,200 million in 2017. These robots are incorporated with advanced technologies such as artificial intelligence to further enhance their capabilities in defense and logistics sectors. These service robots are used in logistics sectors for operations such as handling, transport, sorting, packaging, delivery, and many others.
Furthermore, robots-as-a-service is a major trend in the robotics industry that enables SMEs and large scale enterprises to gain benefits from these advanced technologies without high investments. The manufacturing and retail industries are deploying these solutions in order to replace low-paying jobs and allowing human workers to focus on more competent operations. For instance, in February 2021, ABB launched next generation collaborative robots in order to accelerate company expansion in high growth segments such as logistics, food & beverages, consumer goods, and electronics in order to meet growing demand for automation across many industries. These stronger, faster, and more capable collaborative robots are expected to accelerate a company’s expansion into high-growth segments including electronics, healthcare, consumer goods, logistics and food and beverage, amongst others, thus growing the demand for automation across multiple industries.
Key features of the study:
This report provides in-depth analysis of the global Robot as a Service market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global Robot as a Service market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study include iRobot, Softbank, Intuitive Surgical, DeLaval, Daifuku Co., Ltd., CYBERDYNE INC.,DJI, KONGSBERG, Northrop Grumman, Neato Robotics, Inc., ecoRobotix Ltd, Starship Technologies, KUKA AG, Parrot, Aethon, Lely, Dematic, Bastian Solutions, LLC, and OMRON Corporation
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global Robot as a Service market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Robot as a Service market
Detailed Segmentation
Global Robot as a Service Market, By Type:
Professional Service Robot
Personal Service Robot
Global Robot as a Service Market, By End use Industry:
IT & Telecom
BFSI
Defense
Logistics
Healthcare
Retail
Food & Beverage
Media & Entertainment
Others
Global Robot as a Service Market, By Region:
North America
By Type:
Professional Service Robot
Personal Service Robot
By End User:
IT & Telecom
BFSI
Defense
Logistics
Healthcare
Retail
Food & Beverage
Medial & Entertainment
Others
By Country:
U.S.
Canada
Europe
By Type:
Professional Service Robot
Personal Service Robot
By End User:
IT & Telecom
BFSI
Defense
Logistics
Healthcare
Retail
Food & Beverage
Medial & Entertainment
Others
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Type:
Professional Service Robot
Personal Service Robot
By End User:
IT & Telecom
BFSI
Defense
Logistics
Healthcare
Retail
Food & Beverage
Medial & Entertainment
Others
By Country:
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Type:
Professional Service Robot
Personal Service Robot
By End User:
IT & Telecom
BFSI
Defense
Logistics
Healthcare
Retail
Food & Beverage
Medial & Entertainment
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa
By Type:
Professional Service Robot
Personal Service Robot
By End User:
IT & Telecom
BFSI
Defense
Logistics
Healthcare
Retail
Food & Beverage
Medial & Entertainment
Others
By Country/Region:
GCC Countries
South Africa
Rest of Middle East and Africa
Company Profiles
iRobot*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/ Updates
Softbank
Intuitive Surgical
DeLaval
Daifuku Co., Ltd.
CYBERDYNE INC.
DJI
KONGSBERG
Northrop Grumman
Neato Robotics, Inc.
ecoRobotix Ltd
Starship Technologies
KUKA AG
Parrot
Aethon
Lely
Dematic
Bastian Solutions, LLC
OMRON Corporation
“*” marked represents similar segmentation in other categories in the respective section.