Robotics as a Service (RaaS) Market Size to Grow by USD 1.23 Billion, Intralogistics to be Largest Revenue-generating Application Segment – Technavio – QNT Press Release


NEW YORK, Nov. 18, 2022 /PRNewswire/ — The robotics as a service (RaaS) market size is expected to grow by USD 1.23 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 18.12% during the forecast period, according to the latest report from Technavio. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Get a comprehensive report summary that describes the market size and forecast along with research methodology. The FREE sample report is available in PDF format

The robotics as a service (RaaS) market covers the following areas:

Robotics As A Service (RaaS) Market Sizing
Robotics As A Service (RaaS) Market Forecast
Robotics As A Service (RaaS) Market Analysis

Market Segmentation

The robotics as a service (RaaS) market has been segmented by application (intralogistics, medical applications, surveillance and security, field robotics, and others) and geography (North AmericaAPAC, Europe, South Americaand the Middle East and Africa). intralogistics segment will be a significant contributor to market growth during the forecast period. There is enormous scope for the use of RaaS in intralogistics applications in the warehousing, retail, and healthcare sectors. The segment is expected to gain traction owing to the increase in demand for technology that can help end-users fulfill consumers’ expectations. The forecast period will also witness a surge of RaaS to meet the needs of complex warehouse environments through assistance in inventory management and timely order fulfillment.

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. Buy Now for detailed segment information

Vendor Landscape

The robotics as a service (RaaS) market is fragmentedand the vendors are deploying organic and inorganic growth strategies to compete in the market. The competition among vendors is intense in terms of price, product features, customized solutions, and services offered. Established vendors are focusing on increasing production capacities, geographical,expensive and upselling products by upgrading the existing ones. They are also expected to improve their market presence and attract new customers through media promotions, trade shows, and public demonstrations. Moreover, to attain an advantage over competitors in the market, vendors tiatives are taking Innovate their customer services, support, and training.

Market Dynamics

The robotics as a service (RaaS) market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The report identifies remote services and the IoT as the major factors driving the growth of the market. However, lack of awareness and acceptance may challenge the market growth during the forecast period.

Companies Mentioned

  • 6 River Systems Inc.
  • Ademco Security Group Pte Ltd
  • Cobalt Robotics Inc
  • Eliport
  • Fetch Robotics Inc
  • HAHN Group GmbH
  • Harvest Automation
  • inVia Robotics Inc
  • Knightscope Inc.
  • Kraken Robotics Inc.
  • Locus Robotics Corp.
  • Nightingale Security
  • OhmniLabs Inc
  • PrecisionHawk Inc.
  • Rapyuta Robotics Co. Ltd.
  • RedZone Robotics Inc.
  • Relay Robotics Inc.
  • Sanbot Innovation Tech Ltd
  • Sarcos Corp.
  • ST Engineering Aethon Inc.

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Related Reports

Warehouse Robotics Market by Application and Geography – Forecast and Analysis 2022-2026: The warehouse robotics market is projected to grow by USD 4.1 billion with a CAGR of 13.31% during the forecast period 2021 to 2026. This report extensively covers segmentation by application (e-commerce, automotive, electrical and electronics, and others) and geography (APAC, North America, Europe, South Americaand the Middle East and Africa).

Commercial Robotics Market by Application and Geography – Forecast and Analysis 2022-2026: The commercial robotics market share is expected to increase by USD 36.33 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 29.58%. This report extensively covers segmentation by application (medical and healthcare, defense and security, agriculture and forestry, marine, and others) and geography (APAC, North America, Europe, South Americaand Middle East and Africa).

Robotics As A Service (RaaS) Market Scope

Report Coverage

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 18.12%

Market growth 2022-2026

USD 1.23 billion

Market structure

Fragmented

YoY growth (%)

16.79

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market…

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