North America Robotics as a Service Market Size, Share & Industry Trends Analysis Report By Application (Handling, Assembling & Disassembling, Welding & Soldering, Dispensing, Processing), By End User, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Robotics as a Service Market would witness market growth of 15.5% CAGR during the forecast period (2022-2028).
Mobile robotics businesses might gain from RaaS as well. RaaS helps boost client stickiness by consistently supplying customers with services, generating additional long-term benefits and prospects. Also, it facilitates the upkeep of positive client connections, which facilitates the marketing and promotion of new items. Due to the rising demand, several investments in the robotics sector have been made.
As a result, robots have been included in manufacturing processes to increase production and enhance the manufacturing of the corresponding vehicles. Encouragement to industries to employ more creative and automated solutions, like robotics & control systems, to enhance their production processes and digitization, as well as the industry 4.0 transformation, have accelerated the rise of automation among industries. Robotics utilizes several crucial industries 4.0 components, including communication and data. Many firms are using robotics automation in various warehouses to cut the capital spent on labor.
The US now has about 230,000 robots, and the International Federation of Robotics (IFR) predicts that this number will increase exponentially as the country accelerates its automation strategies. The scope and prevalence of robotic performance were estimated in a survey by a significant American corporation. According to the findings of that survey, approximately half of the businesses were already utilizing robotic technology in some capacity, and many also believed that the use of industrial robots would assist in further increasing employment prospects. An investigation based on the Bureau of Labor Statistics in the US found that the industries that used industrial robots more frequently employed industrial engineers & mechanicals at a rate of 20% higher than those that did not. This has aided businesses and employees in adopting cutting-edge RaaS systems.
The US market dominated the North America 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 $958.2 million by 2028. The Canada market is poised to grow at a CAGR of 18.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 17.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Robotics as a Service Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
- Assembling & Disassembling
- Welding & Soldering
By End User
- Food & Beverages
- Aerospace & Defense
- Media & Entertainment
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Berkshire Grey, Inc.
- Kuka AG (Midea Investment Holding Co., Ltd.)
- Cyberdyne, Inc.
- Knightscope, Inc.
- Locus Robotics
- Exotec SAS
- Caja Robotics
- Cobalt Robotics
- Relay Robotics, Inc.
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Global Robotics as a Service Market Report 2022-2028
Europe Robotics as a Service Market Report 2022-2028
Asia Pacific Robotics as a Service Market Report 2022-2028