Extensive Use of Robotics by the Automotive Vertical to Drive the Market
The global robotics as a service market is estimated to be valued at USD 1.8 billion in 2023 and reach USD 4.0 billion by 2028, at a CAGR of 17.4% between 2023 and 2028. The benefits of the robotics as a service model over the traditional robotic program, such as higher flexibility, scalability, and lower cost of entry, are the key factors driving the robotics as a service market.
Need for automated grinding and polishing for consistent finish to support market for processing application
Processing applications considered in this section include grinding, milling, and cutting. Grinding robots quickly and efficiently process various objects, such as vehicle bodies and wooden planks. Unlike grinding, milling is used to remove a large amount of material from the target object. Objects of various sizes or shapes can be milled by simply programming the robot. The cutting process is used in various industries for cutting materials such as metal, plastic, fabric, and even food.
Extensive use of robotics by the automotive vertical to drive the market
in October 2022, Affordable Robotic & Automation Ltd. (ARAPL), a turnkey automation solution provider for automotive industries and parking automation, recently announced its entry into the service industry with the launch of its robotics as a service offering. ARAPL’s robotics as a service offers an end-to-end solution approach.
The breakup of primaries conducted during the study is depicted below:
- By Company Type: Tier 1 - 38 %, Tier 2 - 28%, and Tier 3 -34%
- By Designation: C-Level Executives - 40%, Directors - 30%, and Others - 30%
- By Region: North America- 35%, Europe - 35%, Asia Pacific - 20%, RoW - 10%
Key players operating in robotics as a service market are KUKA AG (Germany), Berkshire Grey, Inc. (US), Locus Robotics (US), Exotec (France), Knightscope, Inc. (US), CYBERDYNE, Inc. (Japan), CAJA (Israel), Hirebotics (US), Cobalt Robotics (US), Relay Robotics (US), and inVia Robotics (US).
Research Coverage
The report segments the robotics as a service market and forecasts its size based on region (North America, Europe, Asia Pacific, and ROW), By Type (Professional, Personal), By Application (Handling, Assembling & Disassembling, Dispensing, Processing, Welding & Soldering, Others), By Vertical (Manufacturing, Automotive, Aerospace & Defense, Logistics, Healthcare, Retail, Food & Beverage, Media & Entertainment and Others). The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the robotics as a service market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying This Report
- This report includes market statistics pertaining to type, application, vertical and region.
- Major market drivers, restraints, challenges, and opportunities have been detailed in this report.
- Illustrative segmentation, analyses, and forecasts for the market based application, vertical and region have been conducted to provide an overall view of the robotics as a service market.
- The report includes an in-depth analysis and ranking of key players.
Table of Contents
1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Robotics as a Service Market: Segmentation
1.3.2 Regional Analysis
1.3.3 Years Considered
1.3.4 Inclusions and Exclusions
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
Figure 2 Research Design
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 List of Major Secondary Sources
2.1.2.2 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Breakdown of Primaries
2.1.3.2 Key Industry Insights
2.1.3.3 Key Data from Primary Sources
2.2 Market Size Estimation
Figure 3 Process Flow of Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Arriving at Market Size by Bottom-Up Analysis
Figure 4 Robotics as a Service Market: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Size by Top-Down Analysis
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown & Data Triangulation
Figure 7 Data Triangulation
2.4 Research Assumptions
2.5 Limitations
2.6 Risk Assessment
3 Executive Summary
3.1 Robotics as a Service Market: Recession Impact
Figure 8 Recession Impact: GDP Growth Projection Till 2023 for Major Economies
Figure 9 Recession Impact on Market, 2018-2028 (USD Million)
Figure 10 Handling Application Segment to Account for Highest Market Share in Market During Forecast Period
Figure 11 Logistics Vertical to Hold Largest Share in Market in 2023
Figure 12 Market in Asia-Pacific to Grow at Highest CAGR During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities for Players Operating in the Market
Figure 13 Growing Need for Automation and Robotics in Logistics
4.2 Market, by Application
Figure 14 Handling Application Segment to Dominate Market Between 2023 and 2028
4.3 Market, by Vertical
Figure 15 Logistics Segment to Dominate Market Between 2023 and 2028
4.4 Asia-Pacific Robotics as a Service, by Vertical and Country
Figure 16 Logistics Segment and China to Hold Largest Shares of Asia-Pacific Market in 2028
4.5 Market, by Country
Figure 17 India to Register Highest CAGR in Market Between 2023 and 2028
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 18 Drivers, Restraints, Opportunities, and Challenges in Robotics as a Service Market
5.2.1 Drivers
Figure 19 Analysis of Impact of Drivers on Market
5.2.1.1 Rising Demand for Collaborative Robots Across Industries
5.2.1.2 Growing Adoption of Industry 4.0
5.2.1.3 Anticipated Shortage of Skilled Labor in Manufacturing Industries
5.2.1.4 Reduces Cost in Long Run
5.2.2 Restraints
Figure 20 Analysis of Impact of Restraints on Market
5.2.2.1 Lack of Interaction Between Human Workforce and Robots
5.2.3 Opportunities
Figure 21 Analysis of Impact of Opportunities on Market
5.2.3.1 Emergence of Industry 5.0
5.2.3.2 Data-Driven Process Improvement
5.2.4 Challenges
Figure 22 Analysis of Impact of Challenges on Market
5.2.4.1 Interoperability and Integration Issues
5.2.4.2 Safety Concerns Related to Industrial Robotics Systems
5.3 Value Chain Analysis
Figure 23 Value Chain Analysis: Robotics as a Service Market
5.4 Ecosystem
Figure 24 Ecosystem: Robotics as a Service
Table 1 Companies and Their Role in Robotics as a Service Ecosystem
5.5 Trends/Disruptions Impacting Customer Business
5.5.1 Revenue Shift & New Revenue Pockets for Robotics as a Service Provider
Figure 25 Yc-Ycc Shift: Revenue Shift for Market
5.6 Pricing Analysis
5.6.1 Average Selling Prices of Market Offered by Key Players, by Offering
Figure 26 Average Selling Prices of Robotics as a Service Offered by Key Players for Top Products
Table 2 Average Selling Price of Key Players, by Product (USD)
5.7 Technology Analysis
5.7.1 Key Technology Trends
5.7.1.1 Integration of Industrial Robots and Vision Systems
5.7.2 Complementary Technologies
5.7.2.1 Penetration of Industrial IoT and AI in Industrial Manufacturing
5.7.2.2 Adoption of Safety Sensors in Industrial Robotics
5.7.3 Adjacent Technologies
5.7.3.1 Introduction of 5G into Industrial Manufacturing
5.8 Porter's Five Forces Analysis
Table 3 Impact of Porter's Five Forces on Robotics as a Service Market
5.8.1 Intensity of Competitive Rivalry
5.8.2 Bargaining Power of Suppliers
5.8.3 Bargaining Power of Buyers
5.8.4 Threat of Substitutes
5.8.5 Threat of New Entrants
5.9 Key Stakeholders & Buying Criteria
5.9.1 Key Stakeholders in Buying Process
Figure 27 Influence of Stakeholders on Buying Process for Top 3 Verticals
Table 4 Influence of Stakeholders on Buying Process for Top 3 Verticals (%)
5.9.2 Buying Criteria
Figure 28 Key Buying Criteria for Top 3 Verticals
Table 5 Key Buying Criteria for Top 3 Verticals
5.10 Case Studies
Table 6 Vortex Hired Hirebotics Cobot Welder to Overcome Labor Shortage
Table 7 Athena Manufacturing Produces Sophisticated Components 70% Faster Using Cobot Welder
5.11 Trade and Tariff Analysis
Figure 29 Import Data, by Country, 2017−2021 (USD Thousand)
Figure 30 Export Data, by Country, 2017−2021 (USD Thousand)
Table 9 Mfn Tariff for Industrial Robots, N.E.S. by Japan, 2021
Table 10 Mfn Tariff for Industrial Robots, N.E.S. by Germany, 2021
Table 11 Mfn Tariff for Industrial Robots, N.E.S. by Italy, 2021
5.12 Patent Analysis
Figure 31 Companies with Highest Number of Patent Applications in Last 10 Years
Table 12 Top 20 Patent Owners in the Last 10 Years
Figure 32 Number of Patents Granted Per Year, 2012−2022
5.12.1 Major Patents
Table 13 Major Patents in Robotics as a Service Market
5.13 Key Conferences and Events, 2022-2023
Table 14 Market: Detailed List of Conferences and Events
5.14 Regulatory Landscape
5.14.1 Regulatory Bodies, Government Agencies, and Other Organizations Related to Market
Table 15 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 16 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 17 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 18 RoW: Regulatory Bodies, Government Agencies, and Other Organizations
5.14.2 Standards and Regulations Related to Robotics as a Service
Table 19 North America: Safety Standards for Market
Table 20 Europe: Safety Standards for Market
Table 21 Asia-Pacific: Safety Standards for Market
Table 22 RoW: Safety Standards for Market
6 Robotics as a Service Market, by Type
6.1 Introduction
6.2 Personal Robots
6.2.1 Aging World Population to Drive Market
6.3 Professional Robots
6.3.1 Growing Demand for Automation to Fuel Market Growth
7 Robotics as a Service Market, by Application
7.1 Introduction
Figure 33 Handling Application to Dominate Market in 2028
Table 23 Market, by Application, 2019-2022 (USD Million)
Table 24 Market, by Application, 2023-2028 (USD Million)
7.2 Handling
7.2.1 Increasing Demand for Palletizing Robots to Drive Market
Table 25 Handling: Robotics as a Service Market, by Application, 2019-2022 (USD Million)
Table 26 Handling Application: Market, by Application, 2023-2028 (USD Million)
7.3 Assembling & Disassembling
7.3.1 AI and Intelligent Robot Control to Drive Market Growth
Table 27 Assembling & Disassembling: Market, by Application, 2019-2022 (USD Million)
Table 28 Assembling & Disassembling: Market, by Application, 2023-2028 (USD Million)
7.4 Dispensing
7.4.1 High Precision Accuracy of Robots to Propel Market Growth
Table 29 Dispensing: Market, by Application, 2019-2022 (USD Million)
Table 30 Dispensing: Market, by Application, 2023-2028 (USD Million)
7.5 Welding & Soldering
7.5.1 Rising Demand for Robots with Hollow Wrists to Fuel Segment Growth
Table 31 Welding & Soldering: Market, by Application, 2019-2022 (USD Million)
Table 32 Welding & Soldering: Market, by Application, 2023-2028 (USD Million)
Figure 34 Asia-Pacific to Hold Largest Share of Welding & Soldering in Market in 2028
7.6 Processing
7.6.1 Need for Automated Grinding and Polishing for Consistent Finish to Support Market
Table 33 Processing: Market, by Application, 2019-2022 (USD Million)
Table 34 Processing: Market, by Application, 2023-2028 (USD Million)
7.7 Others
Table 35 Others: Market, by Application, 2019-2022 (USD Million)
Table 36 Others: Market, by Application, 2023-2028 (USD Million)
8 Robotics as a Service Market, by Vertical
8.1 Introduction
Figure 35 Logistics to Account for Largest Size of Market During Forecast Period
Table 37 Market, by Vertical, 2019-2022 (USD Million)
Table 38 Market, by Vertical, 2023-2028 (USD Million)
8.2 Manufacturing
8.2.1 Rising Demand for Consistent and Repeatable Results to Fuel Market
Table 39 Manufacturing: Robotics as a Service Market, by Region, 2019-2022 (USD Million)
Table 40 Manufacturing: Market, by Region, 2023-2028
Table 41 Manufacturing: Market in North America, by Country, 2019-2022 (USD Million)
Table 42 Manufacturing: Market in North America, by Country, 2023-2028 (USD Million)
Table 43 Manufacturing: Market in Europe, by Country, 2019-2022 (USD Million)
Table 44 Manufacturing: Market in Europe, by Country, 2023-2028 (USD Million)
Table 45 Manufacturing: Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 46 Manufacturing: Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 47 Manufacturing: Market in RoW, by Country, 2019-2022 (USD Million)
Table 48 Manufacturing: Market in RoW, by Country, 2023-2028 (USD Million)
8.3 Automotive
8.3.1 Extensive Use of Robotics by Automotive Vertical to Drive Market
Table 49 Automotive: Market, by Region, 2019-2022 (USD Million)
Table 50 Automotive: Market, by Region, 2023-2028
Table 51 Automotive: Market in North America, by Country, 2019-2022 (USD Million)
Table 52 Automotive: Market in North America, by Country, 2023-2028 (USD Million)
Table 53 Automotive: Market in Europe, by Country, 2019-2022 (USD Million)
Table 54 Automotive: Market in Europe, by Country, 2023-2028 (USD Million)
Table 55 Automotive: Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 56 Automotive: Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Figure 36 China to Dominate Automotive Segment in Asia-Pacific During Forecast Period
Table 57 Automotive: Market in RoW, by Country, 2019-2022 (USD Million)
Table 58 Automotive: Market in RoW, by Country, 2023-2028 (USD Million)
8.4 Aerospace & Defense
8.4.1 Increasing Demand for Constant Monitoring Worldwide to Fuel Market Growth
Table 59 Aerospace & Defense: Market, by Region, 2019-2022 (USD Million)
Table 60 Aerospace & Defense: Market, by Region, 2023-2028
Table 61 Aerospace & Defense: Market in North America, by Country, 2019-2022 (USD Million)
Table 62 Aerospace & Defense: Market in North America, by Country, 2023-2028 (USD Million)
Table 63 Aerospace & Defense: Market in Europe, by Country, 2019-2022 (USD Million)
Table 64 Aerospace & Defense: Market in Europe, by Country, 2023-2028 (USD Million)
Table 65 Aerospace & Defense: Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 66 Aerospace & Defense: Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 67 Aerospace & Defense: Market in RoW, by Country, 2019-2022 (USD Million)
Table 68 Aerospace & Defense: Market in RoW, by Country, 2023-2028 (USD Million)
8.5 Logistics
8.5.1 Growing Adoption of Autonomous Mobile Robots to Drive Market
Table 69 Logistics: Robotics as a Service Market, by Region, 2019-2022 (USD Million)
Table 70 Logistics: Market, by Region, 2023-2028
Figure 37 Asia-Pacific to Register Highest Growth Rate in Logistics Vertical During Forecast Period
Table 71 Logistics: Market in North America, by Country, 2019-2022 (USD Million)
Table 72 Logistics: Market in North America, by Country, 2023-2028 (USD Million)
Table 73 Logistics: Market in Europe, by Country, 2019-2022 (USD Million)
Table 74 Logistics: Market in Europe, by Country, 2023-2028 (USD Million)
Table 75 Logistics: Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 76 Logistics: Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 77 Logistics: Market in RoW, by Country, 2019-2022 (USD Million)
Table 78 Logistics: Market in RoW, by Country, 2023-2028 (USD Million)
8.6 Healthcare
8.6.1 Use of Robots in Hospitals to Handle Long Queues
Table 79 Healthcare: Robotics as a Service Market, by Region, 2019-2022 (USD Million)
Table 80 Healthcare: Market, by Region, 2023-2028
Table 81 Healthcare: Market in North America, by Country, 2019-2022 (USD Million)
Table 82 Healthcare: Market in North America, by Country, 2023-2028 (USD Million)
Table 83 Healthcare: Market in Europe, by Country, 2019-2022 (USD Million)
Table 84 Healthcare: Market in Europe, by Country, 2023-2028 (USD Million)
Table 85 Healthcare: Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 86 Healthcare: Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 87 Healthcare: Market in RoW, by Country, 2019-2022 (USD Million)
Table 88 Healthcare: Market in RoW, by Country, 2023-2028 (USD Million)
8.7 Retail
8.7.1 Rising Use of Robots for Stock Monitoring and Inspection to Boost Demand
Table 89 Retail: Robotics as a Service Market, by Region, 2019-2022 (USD Million)
Table 90 Retail: Market, by Region, 2023-2028
Table 91 Retail: Market in North America, by Country, 2019-2022 (USD Million)
Table 92 Retail: Market in North America, by Country, 2023-2028 (USD Million)
Table 93 Retail: Market in Europe, by Country, 2019-2022 (USD Million)
Table 94 Retail: Market in Europe, by Country, 2023-2028 (USD Million)
Table 95 Retail: Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 96 Retail: Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 97 Retail: Market in RoW, by Country, 2019-2022 (USD Million)
Table 98 Retail: Market in RoW, by Country, 2023-2028 (USD Million)
8.8 Food & Beverages
8.8.1 Growing Requirement for Food-Grade and Water-Resistant Robots to Fuel Segment Growth
Table 99 Food & Beverages: Market, by Region, 2019-2022 (USD Million)
Table 100 Food & Beverages: Market, by Region, 2023-2028
Table 101 Food & Beverages: Market in North America, by Country, 2019-2022 (USD Million)
Figure 38 Asia-Pacific to Hold Largest Size of Food & Beverage Vertical During Forecast Period
Table 102 Food & Beverages: Market in North America, by Country, 2023-2028 (USD Million)
Table 103 Food & Beverages: Market in Europe, by Country, 2019-2022 (USD Million)
Table 104 Food & Beverages: Market in Europe, by Country, 2023-2028 (USD Million)
Table 105 Food & Beverages: Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 106 Food & Beverages: Robotics as a Service in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 107 Food & Beverages: Robotics as a Service in RoW, by Country, 2019-2022 (USD Million)
Table 108 Food & Beverages: Robotics as a Service in RoW, by Country, 2023-2028 (USD Million)
8.9 Media & Entertainment
8.9.1 Increased Fascination Among End-users to Drive Demand for Home Entertainment and Leisure Robots
Table 109 Media & Entertainment: Robotics as a Service Market, by Region, 2019-2022 (USD Million)
Table 110 Media & Entertainment: Robotics as a Service, by Region, 2023-2028
Table 111 Media & Entertainment: Robotics as a Service in North America, by Country, 2019-2022 (USD Million)
Table 112 Media & Entertainment: Robotics as a Service in North America, by Country, 2023-2028 (USD Million)
Table 113 Media & Entertainment: Robotics as a Service in Europe, by Country, 2019-2022 (USD Million)
Table 114 Media & Entertainment: Robotics as a Service in Europe, by Country, 2023-2028 (USD Million)
Table 115 Media & Entertainment: Robotics as a Service in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 116 Media & Entertainment: Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 117 Media & Entertainment: Robotics as a Service in RoW, by Country, 2019-2022 (USD Million)
Table 118 Media & Entertainment: Robotics as a Service in RoW, by Country, 2023-2028 (USD Million)
8.10 Others
Table 119 Others: Market, by Region, 2019-2022 (USD Million)
Table 120 Others: Market, by Region, 2023-2028
Table 121 Others: Market in North America, by Country, 2019-2022 (USD Million)
Table 122 Others: Market in North America, by Country, 2023-2028 (USD Million)
Table 123 Others: Market in Europe, by Country, 2019-2022 (USD Million)
Table 124 Others: Market in Europe, by Country, 2023-2028 (USD Million)
Table 125 Others: Market in Asia-Pacific, by Country, 2019-2022 (USD Million)
Table 126 Others: Market in Asia-Pacific, by Country, 2023-2028 (USD Million)
Table 127 Others: Market in RoW, by Country, 2019-2022 (USD Million)
Table 128 Others: Market in RoW, by Country, 2023-2028 (USD Million)
9 Robotics as a Service Market, by Region
9.1 Introduction
Figure 39 Asia-Pacific to Register Highest CAGR in Market During Forecast Period
Table 129 Market, by Region, 2019-2022 (USD Million)
Table 130 Market, by Region, 2023-2028 (USD Million)
9.2 North America
Figure 40 North America: Robotics as a Service Market Snapshot
Table 131 North America: Market, by Application, 2019-2022 (USD Million)
Table 132 North America: Market, by Application, 2023-2028 (USD Million)
Table 133 North America: Market, by Vertical, 2019-2022 (USD Million)
Table 134 North America: Market, by Vertical, 2023-2028 (USD Million)
Table 135 North America: Market, by Country, 2019-2022 (USD Million)
Table 136 North America: Market, by Country, 2023-2028 (USD Million)
9.2.1 US
9.2.1.1 Rising Awareness of Benefits of Collaborative Robots to Drive Market
Table 137 US: Market, by Vertical, 2019-2022 (USD Million)
Table 138 US: Market, by Vertical, 2023-2028 (USD Million)
9.2.2 Canada
9.2.2.1 Increased Foreign Investments in Robotics to Drive Market
Table 139 Canada: Market, by Vertical, 2019-2022 (USD Million)
Table 140 Canada: Market, by Vertical, 2023-2028 (USD Million)
9.2.3 Mexico
9.2.3.1 Relaxed Regulations for Manufacturing and Licensing Operations to Drive Market
Table 141 Mexico: Market, by Vertical, 2019-2022 (USD Million)
Table 142 Mexico: Market, by Vertical, 2023-2028 (USD Million)
9.3 Europe
Figure 41 Europe: Robotics as a Service Market Snapshot
Table 143 Europe: Market, by Application, 2019-2022 (USD Million)
Table 144 Europe: Market, by Application, 2023-2028 (USD Million)
Table 145 Europe: Market, by Vertical, 2019-2022 (USD Million)
Table 146 Europe: Market, by Vertical, 2023-2028 (USD Million)
Table 147 Europe: Market, by Country, 2019-2022 (USD Million)
Table 148 Europe: Market, by Country, 2023-2028 (USD Million)
9.3.1 UK
9.3.1.1 Strong Manufacturing Industry to Push Demand for Robots
Table 149 UK: Market, by Vertical, 2019-2022 (USD Million)
Table 150 UK: Market, by Vertical, 2023-2028 (USD Million)
9.3.2 Germany
9.3.2.1 Growth of the Automobile Industry to Drive Demand for Industrial Robots
Table 151 Germany: Market, by Vertical, 2019-2022 (USD Million)
Table 152 Germany: Market, by Vertical, 2023-2028 (USD Million)
9.3.3 France
9.3.3.1 Rising Adoption of Electric and Hybrid Vehicles to Drive Demand for Robots
Table 153 France: Market, by Vertical, 2019-2022 (USD Million)
Table 154 France: Market, by Vertical, 2023-2028 (USD Million)
9.3.4 Italy
9.3.4.1 Increasing Automation in Small or Medium-Sized Enterprises to Propel Market
Table 155 Italy: Market, by Vertical, 2019-2022 (USD Million)
Table 156 Italy: Market, by Vertical, 2023-2028 (USD Million)
9.3.5 Spain
9.3.5.1 Pharmaceuticals and Automotive Industries to Create Huge Demand for Robots
Table 157 Spain: Market, by Vertical, 2019-2022 (USD Million)
Table 158 Spain: Market, by Vertical, 2023-2028 (USD Million)
9.3.6 Rest of Europe
Table 159 Rest of Europe: Market, by Vertical, 2019-2022 (USD Million)
Table 160 Rest of Europe: Market, by Vertical, 2023-2028 (USD Million)
9.4 Asia-Pacific
Figure 42 Asia-Pacific: Robotics as a Service Market Snapshot
Table 161 Asia-Pacific: Market, by Application, 2019-2022 (USD Million)
Table 162 Asia-Pacific: Market, by Application, 2023-2028 (USD Million)
Table 163 Asia-Pacific: Market, by Vertical, 2019-2022 (USD Million)
Table 164 Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
Table 165 Asia-Pacific: Market, by Country, 2019-2022 (USD Million)
Table 166 Asia-Pacific: Market, by Country, 2023-2028 (USD Million)
9.4.1 China
9.4.1.1 Growth of Automotive and Manufacturing Industries to Drive Market
Table 167 China: Market, by Vertical, 2019-2022 (USD Million)
Table 168 China: Market, by Vertical, 2023-2028 (USD Million)
9.4.2 Japan
9.4.2.1 Rise in Aging Population to Boost Demand for Industrial Robots
Table 169 Japan: Market, by Vertical, 2019-2022 (USD Million)
Table 170 Japan: Market, by Vertical, 2023-2028 (USD Million)
9.4.3 South Korea
9.4.3.1 Electrical & Electronics Industry to Propel Market
Table 171 South Korea: Robotics as a Service Market, by Vertical, 2019-2022 (USD Million)
Table 172 South Korea: Market, by Vertical, 2023-2028 (USD Million)
9.4.4 India
9.4.4.1 Market for Robotics as a Service Expected to Record Highest CAGR During Forecast Period
Table 173 India: Market, by Vertical, 2019-2022 (USD Million)
Table 174 India: Market, by Vertical, 2023-2028 (USD Million)
9.4.5 Rest of Asia-Pacific
9.4.5.1 Increasing Adoption of Automation and Robotics in Manufacturing
Table 175 Rest of Asia-Pacific: Market, by Vertical, 2019-2022 (USD Million)
Table 176 Rest of Asia-Pacific: Market, by Vertical, 2023-2028 (USD Million)
9.5 Rest of the World
Table 177 RoW: Market, by Application, 2019-2022 (USD Million)
Table 178 RoW: Market, by Application, 2023-2028 (USD Million)
Table 179 RoW: Market, by Vertical, 2019-2022 (USD Million)
Table 180 RoW: Market, by Vertical, 2023-2028 (USD Million)
Table 181 RoW: Market, by Country, 2019-2022 (USD Million)
Table 182 RoW: Market, by Country, 2023-2028 (USD Million)
9.5.1 Middle East & Africa
9.5.1.1 Automation Across Industries Expected to Drive Market
Table 183 Middle East & Africa: Market, by Vertical, 2019-2022 (USD Million)
Table 184 Middle East & Africa: Market, by Vertical, 2023-2028 (USD Million)
9.5.2 South America
9.5.2.1 Increasing Use of Robotics in Various Industries to Fuel Market Growth
Table 185 South America: Market, by Vertical, 2019-2022 (USD Million)
Table 186 South America: Market, by Vertical, 2023-2028 (USD Million)
10 Competitive Landscape
10.1 Overview
10.2 Key Players’ Strategies
Table 187 Strategies Adopted by Key Players in Robotics as a Service Market
10.3 Revenue Analysis of Top Players
Figure 43 Five-Year Annual Revenue of Top Players in Market, 2017-2021
10.4 Market Share Analysis of Key Players in the Market in 2022
Figure 44 Market Share Analysis of Key Players in the Market in 2022
Table 188 Market: Degree of Competition
Table 189 Market Ranking Analysis
10.5 Company Evaluation Quadrant, 2022
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Pervasive Players
10.5.4 Participants
Figure 45 Robotics as a Service Market (Global): Company Evaluation Quadrant, 2022
10.6 Competitive Benchmarking
10.6.1 Company Footprint, by Vertical
10.6.2 Company Footprint, by Region (21 Companies)
10.6.3 Overall Company Footprint
10.7 Startup/SME Evaluation Quadrant, 2022
10.7.1 Progressive Companies
10.7.2 Responsive Companies
10.7.3 Dynamic Companies
10.7.4 Starting Blocks
Figure 46 Market (Global): Startup/SME Evaluation Quadrant, 2022
Table 190 Market: List of Key Startups/SMEs
Table 191 Market: Competitive Benchmarking of Key Startups/SMEs
10.8 Competitive Scenario and Trends
10.8.1 Product Launches/Developments
Table 192 Market: Product Launches/Developments, 2020-2022
10.8.2 Deals
Table 193 Market: Deals, 2020-2022
11 Company Profiles
11.1 Introduction
11.2 Key Players
Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View
11.2.1 Kuka AG
Table 194 Kuka AG: Company Overview
Figure 47 Kuka AG: Company Snapshot
Table 195 Kuka AG: Product Launches
Table 196 Kuka AG: Deals
11.2.2 Berkshire Grey, Inc.
Table 197 Berkshire Grey, Inc.: Company Overview
Figure 48 Berkshire Grey, Inc.: Company Snapshot
Table 198 Berkshire Grey, Inc.: Product Launches
Table 199 Berkshire Grey, Inc.: Deals
11.2.3 Locus Robotics
Table 200 Locus Robotics: Company Overview
Table 201 Locus Robotics: Product Launches
Table 202 Locus Robotics: Deals
11.2.4 Exotec
Table 203 Exotec: Company Overview
Table 204 Exotec: Deals
11.2.5 Cyberdyne, Inc.
Table 205 Cyberdyne, Inc.: Company Overview
Figure 49 Cyberdyne, Inc.: Company Snapshot
11.2.6 Knightscope, Inc.
Table 206 Knightscope, Inc.: Company Overview
Figure 50 Knightscope, Inc.: Company Snapshot
Table 207 Knightscope, Inc.: Product Launches
Table 208 Knightscope, Inc.: Deals
11.2.7 Caja
Table 209 Caja: Company Overview
Table 210 Caja: Deals
11.2.8 Hirebotics
Table 211 Hirebotics: Company Overview
Table 212 Hirebotics: Product Launches
Table 213 Hirebotics: Deals
11.2.9 Cobalt Robotics
Table 214 Cobalt Robotics: Company Overview
Table 215 Cobalt Robotics: Product Launches
Table 216 Cobalt Robotics: Deals
11.2.10 Relay Robotics, Inc.
Table 217 Relay Robotics, Inc.: Company Overview
Table 218 Relay Robotics, Inc.: Product Launches
11.2.11 Invia Robotics
Table 219 Invia Robotics, Inc.: Company Overview
Table 220 Invia Robotics, Inc.: Deals
11.3 Other Players
11.3.1 Temi Usa Inc.
11.3.2 Proven Robotics
11.3.3 Dossan Robotics Inc.
11.3.4 6 River Systems, LLC.
11.3.5 Avidbots Corp.
11.3.6 Diligent Robotics Inc.
11.3.7 Geekplus Technology Co. Ltd.
11.3.8 Hairobotics
11.3.9 Magazino
11.3.10 Ronavi Robotics LLC
Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.
12 Appendix
12.1 Discussion Guide
12.2 Knowledgestore: The Subscription Portal
12.3 Customization Options
Executive Summary
Companies Mentioned
- 6 River Systems, LLC.
- Avidbots Corp.
- Berkshire Grey, Inc.
- Caja
- Cobalt Robotics
- Cyberdyne, Inc.
- Diligent Robotics Inc.
- Dossan Robotics Inc.
- Exotec
- Geekplus Technology Co. Ltd.
- Hairobotics
- Hirebotics
- Invia Robotics
- Knightscope, Inc.
- Kuka AG
- Locus Robotics
- Magazino
- Proven Robotics
- Relay Robotics, Inc.
- Ronavi Robotics LLC
- Temi Usa Inc.
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 226 |
| Published | February 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 1.8 Billion |
| Forecasted Market Value ( USD | $ 4 Billion |
| Compound Annual Growth Rate | 17.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
