The Europe Robotics as a Service Market would witness market growth of 16.0% CAGR during the forecast period (2022-2028).
The circumstances that all businesses had to cope with during the pandemic substantially favored technological advancement and digitization. This occasionally led to a demand for new robotic technologies, which helped to consolidate this trend. Robotic sanitation systems are one example of a developing and expanding sector. Robotic bipeds are once more in development. In agriculture, there has been tremendous developments owing to the use of robots and robotic processes. The demand for innovative technology solutions, such as agricultural robots that can mechanically perform weeding, is prompted by the sustainability issue and the glyphosate ban.
A technological push in service robots is driven by fundamental advancements in cloud technologies, digitization, 5G, and artificial intelligence, particularly in machine learning. The open-source Robot Operating System (ROS) is still quite popular and enables service robot application development to get off the ground quickly, even with few resources. In addition, more uniformity is made possible by new virtual marketplaces that make deployment and use easier.
The EU actively supports research, innovation, and creating jobs through smarter and safer robotics while preserving the moral dimensions of the progress made. Robotics is significant because of its broad effects on Europe's ability to sustain and grow a competitive industrial sector, with millions of linked jobs on the line. Robotics also provides fresh approaches to societal problems like aging, health, intelligent transportation, security, energy, and environmental issues. The European Commission has steadily established a strong foundation of knowledge-sharing as well as cooperation across the whole robotics stakeholder community through a portfolio of more than 120 research programs and coordinating measures. They have led to greater adoption of automation and robotics across the region.
The Germany market dominated the Europe Robotics as a Service Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $251.2 million by 2028. The UK market is anticipated to grow at a CAGR of 15% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 16.9% during (2022 - 2028).
Based on Application, the market is segmented into Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing, and Others. Based on End User, the market is segmented into Logistics, Automotive, Manufacturing, Food & Beverages, Aerospace & Defense, Retail, Media & Entertainment, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Robotics as a Service Market will Hit $3.7 Billion by 2028, at a CAGR of 16.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Berkshire Grey, Inc., Kuka AG (Midea Investment Holding Co., Ltd.), Cyberdyne, Inc., Knightscope, Inc., Locus Robotics, Exotec SAS, Caja Robotics, Hirebotics, Cobalt Robotics and Relay Robotics, Inc.
By Application
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