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Robotics as a Service (RaaS) Market Size & Share, by Type (Professional, Personal), Application (Handling, Assembling, Dispensing, Processing, Welding & Soldering), End-use (Manufacturing, Automotive, Food & beverage, Logistics, Healthcare, Retail), Regional Forecast, Industry Players, Growth Statistics Report 2024-2033

Report ID: FBI 1625


Published Date: Sep-2023


Format : PDF, Excel

Market Outlook:

Robotics as a Service (RaaS) Market size exceeded USD 1.58 Billion in 2023 and is anticipated to cross USD 9.2 Billion by 2033, registering a CAGR of more than 16.5% during the forecast period. Industry sectors including manufacturing and logistics have increased their reliance on robots. The adoption of technology and automation in various industries has been crucial to the expansion of the industry.

Wide-ranging advantages like reduced installation costs, infrastructure removal, and increased scalability have fueled industry expansion. Several industries, including manufacturing, logistics, healthcare, agriculture, and more, can use RaaS. Some RaaS solutions allow for remote monitoring and control of robotic systems, facilitating effective management and remote problem-solving.

Base Year Value (2023)

USD 1.58 Billion

18-23 x.x %
24-33 x.x %

CAGR (2024-2033)


18-23 x.x %
24-33 x.x %

Forecast Year Value (2033)

USD 9.2 Billion

18-23 x.x %
24-33 x.x %
Robotics As A Service Raas Market

Historical Data Period


Robotics As A Service Raas Market

Largest Region

North America

Robotics As A Service Raas Market

Forecast Period


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Market Dynamics:

Growth Drivers & Opportunities:

Investment and innovation to propel the market growth

Both seasoned IT firms and start-ups have made large investments in the RaaS sector. The creation and use of robotic solutions have been hastened by this influx of resources. As the potential of robotics technology becomes increasingly apparent across sectors, there has been an increase in investment in the RaaS industry. Investors are starting to appreciate startups and RaaS businesses that provide cutting-edge solutions to a range of problems. Venture capital firms, private equity, corporate investors, and even government grants are sources of investment. These expenditures may be utilised to improve service delivery, grow market presence, and develop and upgrade robotics technology. Robotics systems' capabilities are always being enhanced so that they are more adaptable, effective, and user-friendly. Innovations frequently concentrate on fields including sensor technology, AI and ML integration, human-robot cooperation, autonomous navigation, and data analytics. These developments enable the development of robots that can carry out increasingly difficult jobs, adapt to shifting settings, and offer insightful data analysis.

Adoption of RaaS in Food Industry

The manufacturing of food is being automated at various stages thanks to RaaS. To do duties like selecting and arranging supplies, putting together meals, and even cooking, robots can be used. As a result of their efficiency and uniformity, these robots improve food quality and consistency while lowering the possibility of human error. Robots can help with food product packaging and sorting. They can appropriately organise merchandise for shipping or display, attach labels, and package objects with accuracy. This helps maintain sanitary requirements while also speeding up packing.

Report Scope

Report CoverageDetails
Segments CoveredType, Application, End-Use
Regions Covered• North America (United States, Canada, Mexico)  
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)  
Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)  
• Latin America (Argentina, Brazil, Rest of South America)  
• Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled6 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.

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Industry Restraints & Challenges

Increasing initial investment to restrain the market growth

Historically, investing in and using robots technology has required significant cash. This covers the price of the robot's hardware, software creation, integration with current systems, and staff training for robot maintenance and operation. Small and medium-sized firms may find these fees particularly onerous.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Robotics As A Service Raas Market
Robotics As A Service Raas Market

Regional Forecast:

North American Market

The North American market share for robotics-as-a-service will cross 19.8% CAGR through 2033. One of the top regions for RaaS adoption and market expansion has been North America, notably the United States and Canada. The RaaS market has grown as a result of the area's extensive research and development efforts, strong technical infrastructure, and variety of sectors. In North America, RaaS systems have been used in a variety of sectors. These encompass a variety of industries, such as manufacturing, logistics and warehousing, healthcare, agriculture, retail, and more. RaaS technology's adaptability has made it possible for it to handle a variety of operational difficulties and responsibilities within various sectors.

Asia Pacific Market

Asia Pacific is witnessing the fastest market growth between 2024 to 2033. The acceptance and expansion of RaaS have been significantly influenced by the Asia Pacific area. To improve their industrial capacities and competitiveness, a number of nations in the area, including China, Japan, South Korea, and Singapore, have been investing in robots and automation. Increased automation in warehousing and logistics has been a result of the expansion of e-commerce in the Asia Pacific area. RaaS systems for inventory management, order fulfilment, and material handling have become more popular. RaaS products have advanced as a result of tremendous investment and innovation in robotics and automation in the Asia Pacific area. Governments, businesses, and academic organisations in nations like China, South Korea, and Japan have been promoting robotics technology research and development.

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Segmentation Analysis:

Insights by Type

The professional type segment accounted for the largest market share between the forecast period 2024 to 2033. The RaaS market has professional-type segments that might comprise a variety of sectors and uses for robotic systems that are used for specialised jobs. In industrial plants, robotic systems are used for activities like assembling, welding, material handling, and quality checking. Due to the potential for better efficiency, greater precision, and lower operating costs, this market has experienced tremendous growth. Order picking, inventory management, and the movement of items inside warehouses and distribution centres are all duties carried out by robots. Demand in this market has been fuelled by the expansion of e-commerce.

Insights by Application

The handling segment is expected to dominate the market and will reach USD 2.88 billion by 2033. Moving, storing, and controlling items inside of a warehouse, distribution centre, or manufacturing facility is known as material handling. Businesses now have on-demand access to robotic solutions for a range of material handling jobs thanks to robotics as a service (RaaS) in the handling sector. Businesses may grow their material handling operations based on changing demand thanks to RaaS products. They don't need to make substantial capital investments to simply change the quantity of robots they use.

Insights by End Use

The Food and beverage segment is expected the dominate the market over the forecast period 2024 to 2033. Numerous factors, such as the desire to boost productivity, cut labour costs, improve food safety, and solve supply chain issues, have contributed to this increase. For jobs including sorting, grading, cutting, and packaging food products, robotics is essential. Manufacturers have the adaptability to adjust to different product types and production volumes thanks to RaaS options in this market. The effective warehousing and delivery of goods is crucial to the food and beverage business. In this context, RaaS might refer to the usage of robots in distribution centres for order picking, inventory management, and sorting. In order to adapt to shifting consumer preferences, RaaS offers can give food producers and service providers the opportunity to customise and personalise items for specific customers.

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Competitive Landscape:

Major players in the market

  •  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

Recent Industry Developments

  • On 11 October 2022, Knightscope, Inc., a pioneer in the development of autonomous security robots, today declared the execution of a binding contract for the acquisition of CASE Emergency Systems and the closing of the deal.

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Robotics as a Service (RaaS) Market Size & Share, ...

RD Code : 24