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Robotics as a Service (RaaS) Market Trends

  • Report ID: GMI5610
  • Published Date: Aug 2024
  • Report Format: PDF

Robotics as a Service Market Trends

The Robotics as a Service (RaaS) market is witnessing a significant trend with the rise of Autonomous Mobile Robots (AMRs). AMRs are transforming industries such as logistics, manufacturing, and retail by offering flexible and efficient automation solutions. Unlike traditional fixed automation systems, AMRs can navigate autonomously in dynamic environments, adapting to changes in pathways and avoiding obstacles without the need for extensive infrastructure modifications. Businesses are increasingly adopting AMRs through RaaS models due to the cost-effectiveness and scalability they offer. RaaS providers provide AMRs as a service, enabling businesses to deploy robots quickly and scale operations as needed, optimizing workflows and enhancing operational efficiency across various applications.
 

In the Robotics as a Service (RaaS) market, the integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies is a transformative trend. AI and ML empower robots with advanced capabilities such as autonomous decision-making, adaptive learning, and predictive analytics. RaaS providers are incorporating AI and ML algorithms into robotic systems to enhance their ability to perform complex tasks with precision and efficiency. AI-driven robots can autonomously optimize routes, adjust behaviors based on environmental changes, and even learn from data to improve performance over time. This trend is driving innovation in RaaS offerings, enabling businesses to leverage smarter, more adaptive robotic solutions that meet evolving demands for automation, productivity, and operational intelligence in diverse industries. For instance, AI and ML integration in Robotics as a Service (RaaS) is autonomous cleaning robots equipped with AI vision. These autonomous office space navigators use machine learning to discern between furniture and barriers. With time, they pick up the best cleaning routes, customizing their layout to fit each environment. This AI-driven method automatically maintains cleanliness without the need for human interaction, increasing efficiency and improving user experience.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The Robotics as a Service market was valued at USD 1.7 billion in 2023 and is anticipated to grow at over 18% CAGR between 2024

The professional segment in the market is expected to reach over USD 5 billion by 2032 as robots are deployed to enhance operational efficiency in industries, such as healthcare, hospitality, and customer service.

North America RaaS market held over 35% share in 2023 attributed to robust adoption of advanced technologies and innovation-driven industries.

Aethon, Berkshire Grey, Inc., Cobalt Robotics, CYBERDYNE, Inc., Exotec, Formic Technologies Inc., Hirebotics, Intuitive Surgical, inVia Robotics, Inc., Knightscope, Inc.., and Kongberg Maritime AS among others.

Robotics as a Service Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 305
  • Countries covered: 23
  • Pages: 210
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