Robotics As A Service Raas Market Share
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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