Robotics as a Service (RaaS) Market to record USD 1.23 Bn incremental growth -- Driven by changes in the global labor force

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Sep 26, 2022, 05:45 ET

NEW YORK, Sept. 26, 2022 /PRNewswire/ -- The global robotics as a service (RaaS) market size is expected to increase by USD 1.23 billion, accelerating at a CAGR of 18.12% between 2021 and 2026. Technavio has considered various factors including investments related to CAPEX from the industrial sector, revenue generated by vendors, GDP growth, and commodity price fluctuation among others to estimate the size of the market. Download PDF Sample Report

Technavio has announced its latest market research report titled Global Robotics as a Service (RaaS) Market 2022-2026

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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. are some of the major market participants.

Although the changes in the global labor force will offer immense growth opportunities, the need for technical expertise will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here

Robotics as a Service (RaaS) Market 2022-2026: Segmentation

The global robotics as a service (RaaS) market is segmented as below:

Application

Intralogistics
Medical Applications
Surveillance and Security
Field Robotics
Others

The market growth in the intralogistics segment will be significant over the forecast period. The segment is driven by the increasing demand for RaaS in the retail, warehousing, and healthcare sectors.

Geography

North America
APAC
Europe
South America
The Middle East and Africa

37% of the market growth will come from APAC during the forecast period. The regional market is driven by the increase in government initiatives to fund innovations in the robotics sector and the increasing entry of vendors in emerging markets such as China, Japan, South Korea, Australia, Taiwan, India, and Hong Kong. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our robotics as a service (RaaS) market report covers the following areas:

Robotics as a Service (RaaS) Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the robotics as a service (RaaS) market, including some of the dominant vendors. Backed with competitive intelligence and benchmarking, our research report on the robotics as a service (RaaS) market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Robotics as a Service (RaaS) Market 2022-2026: Key Highlights

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist robotics as a service (RaaS) market growth during the next five years
Estimation of the robotics as a service (RaaS) market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the robotics as a service (RaaS) market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of robotics as a service (RaaS) market vendors

Related Reports:

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.

Table Of Contents:

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

in manufacturing industry: Market dynamics in some major processes and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.

slowdown in the automotive industry: High motorization rates in North America and Europe, the increase in tariffs on imported vehicles in the US and China, and the global economic slowdown are likely to reduce vehicle sales in the coming years. Anticipating a decline in vehicle sales, several vehicle manufacturers are halting their vehicle production. For instance, in March 2019, Ford announced the shutdown of its three vehicle-manufacturing sites in Russia. Similarly, in August 2019, Mahindra and Mahindra Ltd. stopped vehicle production at its manufacturing units in India for 8-14 days. During the same month, Maruti Suzuki announced that it had cut its vehicle production for the sixth consecutive month in 2019. In August 2019, Honda announced a halt in car production at its Argentina-based manufacturing plants. Such a slowdown in the automotive industry is expected to hamper the growth of the market during the forecast period.

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