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

News provided by

Nov 18, 2022, 04:30 ET

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

Technavio has announced its latest market research report titled Global Robotics as a Service (RaaS) Market

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 America, APAC, Europe, South America, and the Middle East and Africa). The intralogistics segment will be a significant contributor to market growth during the forecast period. There is immense 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 fragmented, and 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 expansion, 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 are taking initiatives to 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.

Subscribe to our "Basic Plan" billed annually at USD 5000 to view 100 reports and download 5 reports monthly

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 America, and 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 America, and 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 contribution	APAC at 37%
Key consumer countries	US, China, South Korea, Japan, and Germany
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	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., and ST Engineering Aethon Inc.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse Industrials Market Reports

Key Topics Covered

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Incremental Growth
Exhibit 07: Executive Summary – Data Table on Incremental Growth
Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 09: Parent market
Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026

Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary

Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers

Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers

Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants

Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes

Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry

Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition

Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments

Exhibit 24: Chart on Application - Market share 2021-2026 (%)
Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application

Exhibit 26: Chart on Comparison by Application
Exhibit 27: Data Table on Comparison by Application

5.3 Intralogistics - Market size and forecast 2021-2026

Exhibit 28: Chart on Intralogistics - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Data Table on Intralogistics - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Chart on Intralogistics - Year-over-year growth 2021-2026 (%)
Exhibit 31: Data Table on Intralogistics - Year-over-year growth 2021-2026 (%)

5.4 Medical applications - Market size and forecast 2021-2026

Exhibit 32: Chart on Medical applications - Market size and forecast 2021-2026 ($ million)
Exhibit 33: Data Table on Medical applications - Market size and forecast 2021-2026 ($ million)
Exhibit 34: Chart on Medical applications - Year-over-year growth 2021-2026 (%)
Exhibit 35: Data Table on Medical applications - Year-over-year growth 2021-2026 (%)

5.5 Surveillance and security - Market size and forecast 2021-2026

Exhibit 36: Chart on Surveillance and security - Market size and forecast 2021-2026 ($ million)
Exhibit 37: Data Table on Surveillance and security - Market size and forecast 2021-2026 ($ million)
Exhibit 38: Chart on Surveillance and security - Year-over-year growth 2021-2026 (%)
Exhibit 39: Data Table on Surveillance and security - Year-over-year growth 2021-2026 (%)

5.6 Field robotics - Market size and forecast 2021-2026

Exhibit 40: Chart on Field robotics - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Data Table on Field robotics - Market size and forecast 2021-2026 ($ million)
Exhibit 42: Chart on Field robotics - Year-over-year growth 2021-2026 (%)
Exhibit 43: Data Table on Field robotics - Year-over-year growth 2021-2026 (%)

5.7 Others - Market size and forecast 2021-2026

Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ million)
Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)

5.8 Market opportunity by Application

Exhibit 48: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview

Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation

Exhibit 50: Chart on Market share by geography 2021-2026 (%)
Exhibit 51: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison

Exhibit 52: Chart on Geographic comparison
Exhibit 53: Data Table on Geographic comparison

7.3 APAC - Market size and forecast 2021-2026

Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.4 North America - Market size and forecast 2021-2026

Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.5 Europe - Market size and forecast 2021-2026

Exhibit 62: Chart on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 63: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 64: Chart on Europe - Year-over-year growth 2021-2026 (%)
Exhibit 65: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026

Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026

Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026

Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 China - Market size and forecast 2021-2026

Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

7.10 South Korea - Market size and forecast 2021-2026

Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)
Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

7.11 Japan - Market size and forecast 2021-2026

Exhibit 86: Chart on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 87: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
Exhibit 88: Chart on Japan - Year-over-year growth 2021-2026 (%)
Exhibit 89: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.12 Germany - Market size and forecast 2021-2026

Exhibit 90: Chart on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 91: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
Exhibit 92: Chart on Germany - Year-over-year growth 2021-2026 (%)
Exhibit 93: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography

Exhibit 94: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges

Exhibit 95: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape

Exhibit 96: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption

Exhibit 97: Overview on factors of disruption

9.4 Industry risks

Exhibit 98: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered

Exhibit 99: Vendors covered

10.2 Market positioning of vendors

Exhibit 100: Matrix on vendor position and classification

10.3 Ademco Security Group Pte Ltd

Exhibit 101: Ademco Security Group Pte Ltd - Overview
Exhibit 102: Ademco Security Group Pte Ltd - Product / Service
Exhibit 103: Ademco Security Group Pte Ltd - Key offerings

10.4 Cobalt Robotics Inc

Exhibit 104: Cobalt Robotics Inc - Overview
Exhibit 105: Cobalt Robotics Inc - Product / Service
Exhibit 106: Cobalt Robotics Inc - Key offerings

10.5 inVia Robotics Inc

Exhibit 107: inVia Robotics Inc - Overview
Exhibit 108: inVia Robotics Inc - Product / Service
Exhibit 109: inVia Robotics Inc - Key offerings

10.6 Kraken Robotics Inc.

Exhibit 110: Kraken Robotics Inc. - Overview
Exhibit 111: Kraken Robotics Inc. - Product / Service
Exhibit 112: Kraken Robotics Inc. - Key offerings

10.7 Nightingale Security

Exhibit 113: Nightingale Security - Overview
Exhibit 114: Nightingale Security - Product / Service
Exhibit 115: Nightingale Security - Key offerings

10.8 OhmniLabs Inc

Exhibit 116: OhmniLabs Inc - Overview
Exhibit 117: OhmniLabs Inc - Product / Service
Exhibit 118: OhmniLabs Inc - Key offerings

10.9 RedZone Robotics Inc.

Exhibit 119: RedZone Robotics Inc. - Overview
Exhibit 120: RedZone Robotics Inc. - Product / Service
Exhibit 121: RedZone Robotics Inc. - Key offerings

10.10 Relay Robotics Inc.

Exhibit 122: Relay Robotics Inc. - Overview
Exhibit 123: Relay Robotics Inc. - Product / Service
Exhibit 124: Relay Robotics Inc. - Key news
Exhibit 125: Relay Robotics Inc. - Key offerings

10.11 Sarcos Corp.

Exhibit 126: Sarcos Corp. - Overview
Exhibit 127: Sarcos Corp. - Product / Service
Exhibit 128: Sarcos Corp. - Key offerings

10.12 ST Engineering Aethon Inc.

Exhibit 129: ST Engineering Aethon Inc. - Overview
Exhibit 130: ST Engineering Aethon Inc. - Product / Service
Exhibit 131: ST Engineering Aethon Inc. - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist

Exhibit 132: Inclusions checklist
Exhibit 133: Exclusions checklist

11.3 Currency conversion rates for US$

Exhibit 134: Currency conversion rates for US$

11.4 Research methodology

Exhibit 135: Research methodology
Exhibit 136: Validation techniques employed for market sizing
Exhibit 137: Information sources

11.5 List of abbreviations

Exhibit 138: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio