Meticulous Research®, a leading provider of market intelligence, has released an in-depth report titled, "Robots-as-a-Service Market by Type (Industrial, Commercial, Domestic), End User (Agriculture, Healthcare, Hospitality, Search & Rescue, Transportation & Logistics, Gardening, Professional Cleaning, Other End-users), and Geography - Global Forecast to 2030."

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According to the findings from Meticulous Research®, the global Robots-as-a-Service (RaaS) market is set to grow significantly, reaching $8.4 billion by 2030, at a robust CAGR of 16.7% during the forecast period from 2024 to 2030. This growth is driven by the increasing integration of RaaS in healthcare settings to enhance clinical operations and support surgical procedures. The growing preference for RaaS, attributed to its scalability, flexibility, and long-term cost benefits, is another key factor fueling market expansion. Additionally, the manufacturing sector's rising adoption of RaaS, along with the surge in automation across industries such as hospitality and agriculture, the focus on reducing dependence on human labor, and the rise of Industry 5.0, present significant growth opportunities.

Despite the positive outlook, the market faces challenges, including mobility limitations and safety concerns associated with the use of robots in industrial settings.

The RaaS market is segmented by robot type and end user, with a comprehensive analysis of market dynamics and competitive landscapes at both regional and national levels.

In terms of robot type, the market is segmented into industrial, commercial, and domestic service robots. The industrial service robots segment is expected to dominate in 2024, capturing the largest share and registering the highest CAGR over the forecast period. The segment's growth is driven by the rising demand for RaaS across industries such as logistics, defense, construction, and medicine. The increasing deployment of automation and mobile solutions across various sectors, combined with rising labor costs and a shortage of skilled professionals, are driving the growth of the industrial service robots segment.

When analyzed by end user, the market includes segments such as agriculture, inspection and maintenance, healthcare, search & rescue, hospitality, professional cleaning, transport & logistics, gardening, and other industries. The transportation & logistics segment is anticipated to hold the largest market share in 2024, driven by its widespread use in applications such as picking, packing, and delivery, growing demand for autonomous mobile robots (AMRs) in warehouses for efficient inventory management, and improved safety and risk mitigation. Meanwhile, the healthcare segment is projected to register the highest CAGR during the forecast period, driven by the increasing number of surgical procedures, the need to minimize human error, improved precision and accuracy, and the growing adoption of advanced surgical systems by healthcare professionals.

Geographically, the RaaS market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market in 2024, supported by substantial investments in advanced technologies, significant R&D spending, and the adoption of technologies such as surgical robots in healthcare and AGVs & AMRs in manufacturing. However, the Asia-Pacific region is expected to register the highest CAGR during the forecast period, indicating rapid market growth in this region.

Key Players:

The key players operating in the robots-as-a-service market are Locus Robotics (U.S.), inVia Robotics, Inc. (U.S.), Cobalt Robotics (U.S.), Knightscope, Inc. (U.S.), Aethon Inc. (U.S.), Relay Robotics, Inc. (U.S.), iRobot Corporation (U.S.), KUKA AG (Germany), Intuitive Surgical (U.S.), Daifuku Co., Ltd. (Japan), OMRON Corporation (Japan), Aldebaran & United Robotics Group (Japan), SoftBank Corp. (Japan), EXOTEC (France), and Hirebotics (U.S.).

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/robotic-process-automation-market-5282

Key questions answered in the report-

• Which are the high-growth market segments based on robot type and end user?
• What was the historical market size for robots-as-a-service?
• What are the market forecasts and estimates for the period 2024–2030?
• What are the major drivers, restraints, opportunities, and challenges in the robots-as-a-service market?
• Who are the major players, and what shares do they hold in the robots-as-a-service market?
• How is the competitive landscape in the robots-as-a-service market?
• What are the recent developments in the robots-as-a-service market?
• What are the different strategies adopted by the major players in the robots-as-a-service market?
• What are the key geographic trends, and which are the high-growth countries?

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