Global robotics as a service market report 2023
Published on : Wednesday 03-05-2023
Anticipated shortage of skilled labour in manufacturing industries drives growth.
Dublin, May 2, 2023 – The Robotics as a Service Market by Type (Personal, Professional), Application (Handling, Processing, Dispensing, Welding & Soldering), Vertical (Logistics, Manufacturing, Automotive, Retail, Food & Beverage) and Region – Global Forecast to 2028 report has been added to ResearchAndMarkets.coms offering.
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.
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. ARAPLs robotics as a service offers an end-to-end solution approach.
Companies mentioned in the report: 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; and Temi Usa Inc.
For more information about this report visit https://www.researchandmarkets.com/r/cw7n65
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