Robotics as a Service (RaaS) Market Size 2023 – Industry Overview, Demand Status, and Business Statistics Research Report 2032 – Kraken Robotics, Knightscope, Bossa Nova
Analysts’ Viewpoint on Robotics as a Service (RaaS) Market Scenario
The latest global Robotics as a Service (RaaS) Market report provides conclusive information about the industry overview, modern trends, demand, and recent development affecting the market growth during the upcoming year. Report also covers the new business development, price, revenue, gross margin, market size, share, potential growth, and upcoming strategy followed by leading players. The research report provides insight into main drivers, challenges, opportunities and risk of the market. Key players are profiled as well with their market shares in the Market discussed.
The size of the worldwide service robots market, estimated at USD 16.95 billion in 2023, is expected to increase at a CAGR of 16.7% from 2022 to 2029, from USD 19.52 billion to USD 57.35 billion. The COVID-19 pandemic has had an unprecedented and shattering impact on the world, and service robotics demand has been lower than expected in all areas compared to pre-pandemic levels. According to our data, the worldwide market showed a 14.7% average drop from 2017 to 2023.
According to our most recent analysis market size is set to grow at robust CAGR of +16% during the 2023-2032 periods.
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Our Free Sample Report Includes:
– 2023 Updated Report Introduction, Overview, and In-depth industry analysis
– COVID-19 Pandemic Outbreak Impact Analysis Included
– 150 + Pages Research Report (Inclusion of Updated Research)
– Provide Chapter-wise guidance on Request
– Robotics as a Service (RaaS) Market Research methodology
Top Companies Covered in This Report:
Liquid Robotics, Fetch Robotics, Kraken Robotics, Knightscope, Bossa Nova, InVia Robotics, Hirebotics, Cobalt Robotics, Aethon, RedZone, Sarcos Robotics, 6 River Systems, Locus Robotics, Marble, Savioke, The Small Robot Company, Fellow Robots, Sofigate, Starship Technologies, PrecisionHawk, Glomatriz and Other…
Robotics as a Service (RaaS) Market Report identifies various key players in the market and sheds light on their strategies and collaborations to combat competition. The comprehensive report provides a two-dimensional picture of the market. By knowing the global revenue of manufacturers, the global price of manufacturers, and the production by manufacturers during the forecast period of 2023 to 2032, the reader can identify the footprints of manufacturers in the industry.
On the basis of product type:
Personal Service Robots
Professional Service Robots
Others
On the basis of the applications:
Manufacturing
Defense
Logistics
Warehouse Automation
Healthcare
Hospitality
Entertainment & Leisure
Others
(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)
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Regions Covered in the Robotics as a Service (RaaS) Market Report 2023
The key regions covered in the Robotics as a Service (RaaS) market report are North America,
Europe, Asia Pacific, Latin America, Middle East and Africa. It also covers
key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy,
Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia,
Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia,
U.A.E, etc.
Asia Pacific is projected to show major growth owing to the advancement of technology and rising automation at many industrial manufacturing levels across all the sectors in the region. The major and impactful economies of Japan, China, and India are the driving forces of the Asia Pacific market. Besides, promising government policies in the manufacturing industry and increased focus on economic diversification in emerging countries are the two main growth propellers driving industrial automation.
China is anticipated to showcase considerable growth and is also projected to showcase the highest CAGR over the forecast period. The country leads the market as a result of hefty investments conducted in the manufacturing sectors.
North America also has a decent market share due to the strong presence of prominent global manufacturers in the region. Although, the top four automation solution providers, ABB Ltd., FANUC, KUKA AG, and Yaskawa have a domestic market outside the region of North America, strong demand for their products in the regional market due to heavy technology innovation quotient is encouraging these manufacturers to operate more effectively across North America.
In the Middle East & Africa region, GCC holds the highest service robotics market share due to heavy application of automation and modernized techniques in manufacturing and warehouse management systems in the developed Gulf countries. Going forward, the increasing adoption of service robots in healthcare and automotive sectors in the regional market is expected to emerge as the prime contributor for the market development prospects over the course of time.
Latin America is expected to gradually extend its footprint toward the service robotics sector owing to the moderate technological advancement in the region. Moreover, Brazil is projected to have majority of the market share.
Significance of the report which makes it worth buying:
– A broad and precise understanding of Robotics as a Service (RaaS) Industry is offered in the segmented form based on product types, applications, and regions.
–Industry Drivers and challenges affecting the industry growth are presented in this report.
– Evaluating the market competition and planning the business strategies accordingly
– Understanding Industry business plans, policies, technological advancements, and company profiles of top players.
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Critical Questions Answered in the Report
- What are the key trends in the market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the market?
- What are the key strategies adopted by the major vendors to lead in the market?
- What is the market share of the top vendors?
Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Target Audience
Here is the list of the group of customers that the Robotics as a Service (RaaS) market hopes to have the greatest opportunity to convert-
Manufacturers
suppliers
distributors
Organizations
Government bodies
Custom Research: Our research analysts will help you to get customized details for your report, which can be modified in terms of a specific region, application or any statistical details. In addition, we are always willing to comply with the study, which triangulated with your own data to make the market research more comprehensive in your perspective.
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