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

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

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:

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.

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

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

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides 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 ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: http://www.technavio.com/

SOURCE Technavio

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