Robotics as a Service Market Overview
As per MRFR analysis, the Robotics as a Service Market Size was estimated at 6.52 (USD Billion) in 2022. The Robotics as a Service Market Industry is expected to grow from 8.19(USD Billion) in 2023 to 63.24 (USD Billion) by 2032. The Robotics as a Service Market CAGR (growth rate) is expected to be around 25.5% during the forecast period (2024 - 2032).
Key Robotics as a Service Market Trends Highlighted
The recent developments in robotics and the surge in automation needs have propelled the fast growth of Robotics as a Service (RaaS) market. RaaS is emerging as a practical solution for businesses looking to enhance efficiency, reduce costs, and increase productivity by facilitating access to robotic technologies without capital expenditures.
Key market drivers for RaaS include increasing adoption of cloud computing, rising demand for flexible automation solutions, and growing awareness about the benefits offered by robotics. Furthermore, the spread of Industry 4.0 concepts like IoT and AI have also been responsible for boosting RaaS adoption.
Opportunities for growth in the RaaS market go beyond traditional manufacturing and into new industries such as healthcare, logistics, and construction. Besides that, integration with other technologies, particularly AI and IoT, can enhance functionality and create value. Similarly, modular robots, along with reconfigurable ones, allow the customization of solutions to meet specific industry requirements.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Robotics as a Service Market Drivers
Increasing Adoption of Robotics in Various Industries
A significant factor that has contributed greatly to the growing market of Robotics as a Service is the increasing use of robots in numerous fields. Therefore, robots have been very useful to smart businesses by improving productivity and efficiency, cutting costs and improving safety matters. As such, manufacturing, healthcare, logistics and retail sectors are increasingly resorting to robotics to automate their operations and make them more efficient.
This is why one of the major drivers of the robotics as a service market will be the increased adoption of robotics in these industries.
Technological Advancements and Innovation
The continuous evolution of technology and innovation within the robotics field also drives the RaaS market. Progress in research and development will see the creation of more advanced robots with better capabilities. Such improvements encompass changes in robot designs, sensor systems, actuation devices, and artificial intelligence (AI). As technological advancements occur, making robots more capable, demand for RaaS solutions is anticipated to rise considerably.
Robotics as a Service Market Segment Insights
Robotics as a Service Market Deployment Model Insights
The Global Robotics as a Service Market is segmented based on deployment model into cloud-based, on-premises, and hybrid. Among them, the market for the cloud-based segment is expected to dominate the forecast period from 2024 to 2032. The growing acceptance of cloud computing by different industries and the benefits derived from cloud-based robotic technology, such as scalability, flexibility, and cost, have led to increased uptake in this sector. In contrast, on-premise deployment still holds a significant part in the market.
However, hybridization is expected to grow further with its advantages, which are beneficial for both cloud-based and on-premise models. In 2023, about $16 billion in revenue was generated by the global robotics-as-a-service (RaaS) market’s Cloud-Based Segment. It has been projected that there will be an increase in the share of ownership of cloud-based robotics, accounting for up to almost 60% by 2032. Manufacturers, healthcare providers, and logistics companies, among other businesses, can now scale their operations while keeping costs low due to the highly flexible RaaS solutions that are available in this emerging area.
The on-premises segment will also grow but at a slower pace. However, between 2024 – 2032, it is anticipated that on-premise robots’ market share may reduce from approximately thirty-five percent (35%) in 2023 down to around thirty percent (30%). This was mainly contributed by a shift towards cloud-based services and their associated benefits. Nevertheless, certain industrial sectors that have stringent data security or privacy demands will still prefer the on-premises installation mode over others. Solutions like hybrid deployment are becoming popular because they offer advantages to both implemented model types, as well as private and public access.
The proportion of hybrid robotics can reach about fifteen percent (15%) by 2032.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Robotics as a Service Market Service Type Insights
The Global Robotics as a Service Market Segmentation by Service Type includes Remote Monitoring, Predictive Maintenance, Automated Process Control, and AI-powered Optimization. The Remote Monitoring segment held the largest market share in 2023 and is expected to continue to dominate the market throughout the forecast period. The growth of this segment can be attributed to the increasing demand for real-time monitoring and diagnostics of industrial equipment and processes. The Predictive Maintenance segment is expected to witness the fastest growth over the forecast period, owing to the rising adoption of predictive maintenance technologies to prevent unplanned downtime and improve operational efficiency.
The Automated Process Control segment is also expected to grow at a significant pace, driven by the increasing demand for automation and control solutions in various industries. The AI-powered Optimization segment is expected to gain traction in the coming years as AI technologies become more sophisticated and accessible.
Robotics as a Service Market Industry Vertical Insights
The vertical industry segment is a crucial aspect of global robotics as a service market segment. In 2023, the manufacturing industry held the largest market share, accounting for around 28.1% of the global Robotics as a Service Market revenue. This dominance is attributed to the rising demand for automation and efficiency in manufacturing processes. The healthcare sector is projected to be the fastest-growing segment during the forecast period, with an anticipated CAGR of 32.4% from 2024 to 2032. This growth is driven by the increasing adoption of robotics in surgical procedures, patient care, and drug discovery.
Logistics, retail, and energy are other significant industry verticals that contribute to the overall market growth. The logistics industry is expected to witness a notable rise in the use of robotics for warehouse automation and supply chain management. In retail, robotics is being deployed for tasks such as inventory management and customer service. The energy sector is also exploring the potential of robotics for inspection, maintenance, and repair operations.
Robotics as a Service Market Robot Type Insights
The Global Robotics as a Service Market is segmented based on robot type into industrial robots, service robots, collaborative robots, and autonomous mobile robots. Industrial robots accounted for the largest share of the market in 2023 and are expected to continue to do so over the forecast period. The growth of this segment can be attributed to the increasing adoption of industrial robots in various industries, such as automotive, electronics, and manufacturing. Service robots are expected to witness the highest growth rate over the forecast period due to the increasing demand for these robots in the healthcare, hospitality, and retail industries. Collaborative robots are also expected to witness significant growth, as they offer a number of advantages over traditional industrial robots, such as being able to work safely alongside human workers. Autonomous mobile robots are expected to witness moderate growth over the forecast period due to their increasing adoption in logistics and warehousing applications.
Robotics as a Service Market Scale Insights
The Global Robotics as a Service Market is segmented by Scale into Small and Medium-sized Enterprises (SMEs) and Large Enterprises. The Large Enterprises segment is expected to hold a larger market share in 2023 and is projected to maintain its dominance throughout the forecast period. This is attributed to the increasing adoption of robotics by large enterprises to automate their operations and improve efficiency. Furthermore, large enterprises have the financial resources and technical expertise to invest in advanced robotics solutions. On the other hand, the SME segment is expected to witness significant growth during the forecast period. This is due to the growing awareness of the benefits of robotics and the increasing availability of affordable robotics solutions for SMEs.
Robotics as a Service Market Regional Insights
The Global Robotics as a Service Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America held the largest market share in 2023 and is projected to maintain its dominance throughout the forecast period. The region's market growth is attributed to the early adoption of robotics and AI technologies, along with the presence of major robotics companies. Europe is expected to be the second-largest market, owing to the increasing demand for robotics in the manufacturing and healthcare sectors. The APAC region is projected to witness the highest CAGR during the forecast period, driven by the rapid industrialization and urbanization in countries such as China and India. South America and MEA are expected to contribute a relatively smaller share to the Global Robotics as a Service Market due to limited infrastructure and lower adoption rates of robotics technologies.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Robotics as a Service Market Key Players And Competitive Insights
Major players in Robotics as a Service Market are focusing on developing innovative products and solutions to cater to the growing demand from various industries. Leading robotics as a service market player is investing heavily in research and development to stay ahead of the competition. The Robotics as a Service Market is witnessing the emergence of new players who are offering competitive solutions at cost-effective prices, thereby intensifying the competition. Strategic partnerships and collaborations are becoming increasingly common in the Robotics as a Service Market industry as companies seek to expand their market reach and enhance their product offerings. The Robotics as a Service Market is expected to witness significant growth in the coming years, driven by the increasing adoption of robotics across various industries.
Boston Dynamics is a leading company in the robotics service market. The company is known for its innovative and advanced robotics solutions. Boston Dynamics' robots are used in a wide range of applications, including industrial automation, warehouse management, and logistics. The company has a strong focus on research and development and is constantly pushing the boundaries of robotics technology. Boston Dynamics is well-positioned to continue its leadership in the robotics service market with its commitment to innovation and customer satisfaction.ABB is a competitor company in the robotics service market. The company offers a wide range of robotics solutions, including industrial robots, collaborative robots, and service robots.
ABB's robots are used in a variety of industries, including automotive, electronics, and food and beverage. The company has a strong global presence and a well-established customer base. ABB is investing heavily in research and development to expand its product portfolio and enhance its competitive position. The company is focused on providing innovative and cost-effective robotics solutions that meet the evolving needs of its customers.
Key Companies in the Robotics as a Service Market Include
- Mitsubishi Electric
- Schneider Electric
- ABB
- Siemens
- Techman Robot
- KUKA
- Omron Adept Technologies
- Yaskawa
- Kawasaki Heavy Industries
- Comau
- Doosan Robotics
- Universal Robots
- FANUC
- Rockwell Automation
- Stäubli International
Robotics as a Service Market Industry Developments
The Global Robotics as a Service (RaaS) Market is projected to grow from USD 8.19 billion in 2023 to USD 63.24 billion by 2032, at a CAGR of 25.5% during the forecast period. The growth of the market is attributed to the increasing adoption of robotics in various industries, such as manufacturing, healthcare, and logistics. Moreover, the rising demand for flexible and cost-effective automation solutions is driving the adoption of RaaS.Recent news developments in the market include the launch of new RaaS offerings by major players such as ABB, Siemens, and Fanuc.
These offerings provide customers with access to robotics technology without the need for upfront capital investment. Additionally, the growing adoption of cloud-based robotics platforms is enabling the development of new applications and services. For instance, cloud-based platforms can be used to manage and monitor robotic fleets remotely, which can improve efficiency and reduce costs.
Robotics as a Service Market Segmentation
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Robotics as a Service Market By Deployment Model (USD Billion, 2019-2032)
- Cloud-based
- On-premises
- Hybrid
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Robotics as a Service Market By Service Type (USD Billion, 2019-2032)
- Remote Monitoring
- Predictive Maintenance
- Automated Process Control
- AI-powered Optimization
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Robotics as a Service Market By Industry Vertical (USD Billion, 2019-2032)
- Manufacturing
- Healthcare
- Logistics
- Retail
- Energy
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Robotics as a Service Market By Robot Type (USD Billion, 2019-2032)
- Industrial Robots
- Service Robots
- Collaborative Robots
- Autonomous Mobile Robots
-
Robotics as a Service Market By Scale (USD Billion, 2019-2032)
- Small and Medium-sized Enterprises (SMEs)
- Large Enterprises
-
Robotics as a Service Market By Regional (USD Billion, 2019-2032)
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
6.52(USD Billion) |
| Market Size 2023 |
8.19(USD Billion) |
| Market Size 2032 |
63.24(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
25.5% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Mitsubishi Electric, Schneider Electric, ABB, Siemens, Techman Robot, KUKA, Omron Adept Technologies, Yaskawa, Kawasaki Heavy Industries, Comau, Doosan Robotics, Universal Robots, FANUC, Rockwell Automation, Stäubli International |
| Segments Covered |
Deployment Model, Service Type, Industry Vertical, Robot Type, Scale, Regional |
| Key Market Opportunities |
Manufacturing automation Rising labor costs improving affordability and technological advancements. Remote and dangerous operations Growing applications in sectors such as mining construction and nuclear energy Healthcare and eldercare: Increasing demand for robotic surgery drug delivery and eldercare assistance Field service and maintenance Growing adoption for remote diagnostics predictive maintenance and inspection tasks Surveillance and security Surge in demand for robotics in public spaces and private security |
| Key Market Dynamics |
Rising adoption of cloud-based robotics platforms Growing demand for automation in manufacturing and logistics Increasing investment in RampD for advanced robotics technologies Government initiatives to promote robotics adoption Growing awareness of the benefits of RaaS |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The global RaaS market is expected to reach USD 63.24 billion by 2032, exhibiting a CAGR of 25.5% from 2024 to 2032.
North America is expected to hold the largest market share in the global RaaS market throughout the forecast period due to the early adoption of robotics and automation technologies, as well as the presence of major industry players.
The increasing adoption of robotics in various industries, such as manufacturing, healthcare, and logistics, along with the rising demand for flexible and cost-effective automation solutions, are the primary growth factors driving the RaaS market.
RaaS is used in a wide range of applications, including manufacturing, healthcare, logistics, agriculture, and construction. In manufacturing, RaaS enables flexible and efficient production processes, while in healthcare, it supports precise surgeries and remote patient monitoring.
The key players in the global RaaS market include ABB, FANUC, KUKA, Yaskawa Electric Corporation, and Kawasaki Heavy Industries, among others.
The RaaS market faces challenges related to data security and privacy concerns, the need for skilled professionals to operate and maintain robotics systems, and the potential displacement of human workers due to automation.
The future of RaaS involves the integration of AI, cloud computing, and IoT technologies, leading to the development of more autonomous, intelligent, and connected robotics systems.
The RaaS market is segmented based on robot type (articulated robots, collaborative robots, mobile robots, and others), service type (managed services, professional services, and support services), industry vertical (manufacturing, healthcare, logistics, and others), and region (North America, Europe, Asia-Pacific, and the Rest of the World).
The global RaaS market is projected to reach USD 22.6 billion by 2024, exhibiting significant growth from its valuation of USD 8.19 billion in 2023.
The manufacturing industry is expected to witness the highest growth in the RaaS market, driven by the increasing demand for automation and efficiency in production processes.
