Robotics as a Service Market - Global Forecast to 2028

Table of Content

1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
FIGURE 1 ROBOTICS AS A SERVICE MARKET: SEGMENTATION 32
1.3.2 REGIONAL ANALYSIS 32
1.3.3 YEARS CONSIDERED 33
1.3.4 INCLUSIONS AND EXCLUSIONS 33
1.4 CURRENCY CONSIDERED 34
1.5 LIMITATIONS 34
1.6 STAKEHOLDERS 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 RESEARCH DESIGN 35
2.1.1 SECONDARY & PRIMARY RESEARCH 37
2.1.2 SECONDARY DATA 38
2.1.2.1 List of major secondary sources 38
2.1.2.2 Secondary sources 38
2.1.3 PRIMARY DATA 39
2.1.3.1 Breakdown of primaries 39
2.1.3.2 Key industry insights 39
2.1.3.3 Key data from primary sources 40
2.2 MARKET SIZE ESTIMATION 40
FIGURE 3 PROCESS FLOW OF MARKET SIZE ESTIMATION 40
2.2.1 BOTTOM-UP APPROACH 41
2.2.1.1 Approach for arriving at market size by bottom-up analysis 41
FIGURE 4 ROBOTICS AS A SERVICE MARKET: BOTTOM-UP APPROACH 42
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 42
2.2.2 TOP-DOWN APPROACH 42
2.2.2.1 Approach for capturing market size by top-down analysis 43
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 43
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 44
FIGURE 7 DATA TRIANGULATION 44
2.4 RESEARCH ASSUMPTIONS 45
2.5 LIMITATIONS 45
2.6 RISK ASSESSMENT 46
3 EXECUTIVE SUMMARY 47
3.1 ROBOTICS AS A SERVICE MARKET: RECESSION IMPACT 48
FIGURE 8 RECESSION IMPACT: GDP GROWTH PROJECTION TILL 2023 FOR MAJOR ECONOMIES 48
FIGURE 9 RECESSION IMPACT ON ROBOTICS AS A SERVICE MARKET, 2018–2028 (USD MILLION) 49
FIGURE 10 HANDLING APPLICATION SEGMENT TO ACCOUNT FOR HIGHEST MARKET SHARE IN ROBOTICS AS A SERVICE MARKET DURING FORECAST PERIOD 49
FIGURE 11 LOGISTICS VERTICAL TO HOLD LARGEST SHARE IN ROBOTICS AS A SERVICE MARKET IN 2023 50
FIGURE 12 ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 51
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS OPERATING IN ROBOTICS AS A SERVICE MARKET 52
FIGURE 13 GROWING NEED FOR AUTOMATION AND ROBOTICS IN LOGISTICS 52
4.2 ROBOTICS AS A SERVICE MARKET, BY APPLICATION 52
FIGURE 14 HANDLING APPLICATION SEGMENT TO DOMINATE ROBOTICS AS A SERVICE MARKET BETWEEN 2023 AND 2028 52
4.3 ROBOTICS AS A SERVICE MARKET, BY VERTICAL 53
FIGURE 15 LOGISTICS SEGMENT TO DOMINATE ROBOTICS AS A SERVICE MARKET BETWEEN 2023 AND 2028 53
4.4 ASIA PACIFIC ROBOTICS AS A SERVICE MARKET, BY VERTICAL AND COUNTRY 54
FIGURE 16 LOGISTICS SEGMENT AND CHINA TO HOLD LARGEST SHARES OF ASIA PACIFIC ROBOTICS AS A SERVICE MARKET IN 2028 54
4.5 ROBOTICS AS A SERVICE MARKET, BY COUNTRY 54
FIGURE 17 INDIA TO REGISTER HIGHEST CAGR IN ROBOTICS AS A SERVICE MARKET BETWEEN 2023 AND 2028 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 55
FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN ROBOTICS AS A SERVICE MARKET 55
5.2.1 DRIVERS 56
FIGURE 19 ANALYSIS OF IMPACT OF DRIVERS ON ROBOTICS AS A SERVICE MARKET 56
5.2.1.1 Rising demand for collaborative robots across industries 56
5.2.1.2 Growing adoption of Industry 4.0 57
5.2.1.3 Anticipated shortage of skilled labor in manufacturing industries 57
5.2.1.4 Reduces cost in long run 58
5.2.2 RESTRAINTS 58
FIGURE 20 ANALYSIS OF IMPACT OF RESTRAINTS ON ROBOTICS AS A SERVICE MARKET 58
5.2.2.1 Lack of interaction between human workforce and robots 59
5.2.3 OPPORTUNITIES 59
FIGURE 21 ANALYSIS OF IMPACT OF OPPORTUNITIES ON ROBOTICS AS A SERVICE MARKET 59
5.2.3.1 Emergence of Industry 5.0 60
5.2.3.2 Data-driven process improvement 60
5.2.4 CHALLENGES 60
FIGURE 22 ANALYSIS OF IMPACT OF CHALLENGES ON ROBOTICS AS A SERVICE MARKET 60
5.2.4.1 Interoperability and integration issues 61
5.2.4.2 Safety concerns related to industrial robotics systems 61
5.3 VALUE CHAIN ANALYSIS 62
FIGURE 23 VALUE CHAIN ANALYSIS: ROBOTICS AS A SERVICE MARKET 62
5.4 ECOSYSTEM 63
FIGURE 24 ECOSYSTEM: ROBOTICS AS A SERVICE MARKET 63
TABLE 1 COMPANIES AND THEIR ROLE IN ROBOTICS AS A SERVICE ECOSYSTEM 64
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 64
5.5.1 REVENUE SHIFT & NEW REVENUE POCKETS FOR ROBOTICS AS A SERVICE PROVIDERS 65
FIGURE 25 YC-YCC SHIFT: REVENUE SHIFT FOR ROBOTICS AS A SERVICE MARKET 65
5.6 PRICING ANALYSIS 66
5.6.1 AVERAGE SELLING PRICES OF ROBOTICS AS A SERVICE MARKET OFFERED BY KEY PLAYERS, BY OFFERING 66
FIGURE 26 AVERAGE SELLING PRICES OF ROBOTICS AS A SERVICE OFFERED BY KEY PLAYERS FOR TOP PRODUCTS 66
TABLE 2 AVERAGE SELLING PRICE OF KEY PLAYERS, BY PRODUCT (USD) 66
5.7 TECHNOLOGY ANALYSIS 67
5.7.1 KEY TECHNOLOGY TRENDS 67
5.7.1.1 Integration of industrial robots and vision systems 67
5.7.2 COMPLEMENTARY TECHNOLOGIES 67
5.7.2.1 Penetration of industrial IoT and AI in industrial manufacturing 67
5.7.2.2 Adoption of safety sensors in industrial robotics 68
5.7.3 ADJACENT TECHNOLOGIES 68
5.7.3.1 Introduction of 5G into industrial manufacturing 68
5.8 PORTER’S FIVE FORCES ANALYSIS 69
TABLE 3 IMPACT OF PORTER’S FIVE FORCES ON ROBOTICS AS A SERVICE MARKET 69
5.8.1 INTENSITY OF COMPETITIVE RIVALRY 69
5.8.2 BARGAINING POWER OF SUPPLIERS 69
5.8.3 BARGAINING POWER OF BUYERS 69
5.8.4 THREAT OF SUBSTITUTES 69
5.8.5 THREAT OF NEW ENTRANTS 70
5.9 KEY STAKEHOLDERS & BUYING CRITERIA 70
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 70
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS 70
TABLE 4 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%) 70
5.9.2 BUYING CRITERIA 71
FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 VERTICALS 71
TABLE 5 KEY BUYING CRITERIA FOR TOP 3 VERTICALS 71
5.10 CASE STUDIES 72
TABLE 6 VORTEX HIRED HIREBOTICS COBOT WELDER TO OVERCOME LABOR SHORTAGE 72
TABLE 7 ATHENA MANUFACTURING PRODUCES SOPHISTICATED COMPONENTS 70% FASTER USING COBOT WELDER 72
5.11 TRADE AND TARIFF ANALYSIS 73
FIGURE 29 IMPORT DATA, BY COUNTRY, 2017?2021 (USD THOUSAND) 73
FIGURE 30 EXPORT DATA, BY COUNTRY, 2017?2021 (USD THOUSAND) 73
TABLE 9 MFN TARIFF FOR INDUSTRIAL ROBOTS, N.E.S., BY JAPAN, 2021 74
TABLE 10 MFN TARIFF FOR INDUSTRIAL ROBOTS, N.E.S., BY GERMANY, 2021 74
TABLE 11 MFN TARIFF FOR INDUSTRIAL ROBOTS, N.E.S., BY ITALY, 2021 75
5.12 PATENT ANALYSIS 75
FIGURE 31 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 75
TABLE 12 TOP 20 PATENT OWNERS IN LAST 10 YEARS 75
FIGURE 32 NUMBER OF PATENTS GRANTED PER YEAR, 2012?2022 76
5.12.1 MAJOR PATENTS 77
TABLE 13 MAJOR PATENTS IN ROBOTICS AS A SERVICE MARKET 77
5.13 KEY CONFERENCES AND EVENTS, 2022–2023 82
TABLE 14 ROBOTICS AS A SERVICE MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 82
5.14 REGULATORY LANDSCAPE 83
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO ROBOTICS AS A SERVICE MARKET 83
TABLE 15 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
TABLE 16 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 84
TABLE 17 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
TABLE 18 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 85
5.14.2 STANDARDS AND REGULATIONS RELATED TO ROBOTICS AS A SERVICE 85
TABLE 19 NORTH AMERICA: SAFETY STANDARDS FOR ROBOTICS AS A SERVICE MARKET 86
TABLE 20 EUROPE: SAFETY STANDARDS FOR ROBOTICS AS A SERVICE MARKET 86
TABLE 21 ASIA PACIFIC: SAFETY STANDARDS FOR ROBOTICS AS A SERVICE MARKET 87
TABLE 22 ROW: SAFETY STANDARDS FOR ROBOTICS AS A SERVICE MARKET 87
6 ROBOTICS AS A SERVICE MARKET, BY TYPE 88
6.1 INTRODUCTION 88
6.2 PERSONAL ROBOTS 88
6.2.1 AGING WORLD POPULATION TO DRIVE MARKET 88
6.3 PROFESSIONAL ROBOTS 89
6.3.1 GROWING DEMAND FOR AUTOMATION TO FUEL MARKET GROWTH 89
7 ROBOTICS AS A SERVICE MARKET, BY APPLICATION 90
7.1 INTRODUCTION 91
FIGURE 33 HANDLING APPLICATION TO DOMINATE ROBOTICS AS A SERVICE MARKET IN 2028 91
TABLE 23 ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 91
TABLE 24 ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 92
7.2 HANDLING 92
7.2.1 INCREASING DEMAND FOR PALLETIZING ROBOTS TO DRIVE MARKET 92
TABLE 25 HANDLING: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 92
TABLE 26 HANDLING APPLICATION: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 93
7.3 ASSEMBLING & DISASSEMBLING 93
7.3.1 AI AND INTELLIGENT ROBOT CONTROL TO DRIVE MARKET GROWTH 93
TABLE 27 ASSEMBLING & DISASSEMBLING: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 93
TABLE 28 ASSEMBLING & DISASSEMBLING: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 94
7.4 DISPENSING 94
7.4.1 HIGH PRECISION ACCURACY OF ROBOTS TO PROPEL MARKET GROWTH 94
TABLE 29 DISPENSING: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 94
TABLE 30 DISPENSING: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 95
7.5 WELDING & SOLDERING 95
7.5.1 RISING DEMAND FOR ROBOTS WITH HOLLOW WRISTS TO FUEL SEGMENT GROWTH 95
TABLE 31 WELDING & SOLDERING: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 95
TABLE 32 WELDING & SOLDERING: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 96
FIGURE 34 ASIA PACIFIC TO HOLD LARGEST SHARE OF WELDING & SOLDERING IN ROBOTICS AS A SERVICE MARKET IN 2028 96
7.6 PROCESSING 96
7.6.1 NEED FOR AUTOMATED GRINDING AND POLISHING FOR CONSISTENT FINISH TO SUPPORT MARKET 96
TABLE 33 PROCESSING: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 97
TABLE 34 PROCESSING: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 97
7.7 OTHERS 97
TABLE 35 OTHERS: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 97
TABLE 36 OTHERS: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 98
8 ROBOTICS AS A SERVICE MARKET, BY VERTICAL 99
8.1 INTRODUCTION 100
FIGURE 35 LOGISTICS TO ACCOUNT FOR LARGEST SIZE OF ROBOTICS AS A SERVICE MARKET DURING FORECAST PERIOD 100
TABLE 37 ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 101
TABLE 38 ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 101
8.2 MANUFACTURING 102
8.2.1 RISING DEMAND FOR CONSISTENT AND REPEATABLE RESULTS TO FUEL MARKET 102
TABLE 39 MANUFACTURING: ROBOTICS AS A SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION) 102
TABLE 40 MANUFACTURING: ROBOTICS AS A SERVICE MARKET, BY REGION, 2023–2028 102
TABLE 41 MANUFACTURING: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION) 103
TABLE 42 MANUFACTURING: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 103
TABLE 43 MANUFACTURING: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION) 103
TABLE 44 MANUFACTURING: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 104
TABLE 45 MANUFACTURING: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION) 104
TABLE 46 MANUFACTURING: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 104
TABLE 47 MANUFACTURING: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2019–2022 (USD MILLION) 105
TABLE 48 MANUFACTURING: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2023–2028 (USD MILLION) 105
8.3 AUTOMOTIVE 105
8.3.1 EXTENSIVE USE OF ROBOTICS BY AUTOMOTIVE VERTICAL TO DRIVE MARKET 105
TABLE 49 AUTOMOTIVE: ROBOTICS AS A SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION) 106
TABLE 50 AUTOMOTIVE: ROBOTICS AS A SERVICE MARKET, BY REGION, 2023–2028 106
TABLE 51 AUTOMOTIVE: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION) 106
TABLE 52 AUTOMOTIVE: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 106
TABLE 53 AUTOMOTIVE: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION) 107
TABLE 54 AUTOMOTIVE: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 107
TABLE 55 AUTOMOTIVE: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION) 107
TABLE 56 AUTOMOTIVE: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 108
FIGURE 36 CHINA TO DOMINATE AUTOMOTIVE SEGMENT IN ASIA PACIFIC DURING FORECAST PERIOD 108
TABLE 57 AUTOMOTIVE: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2019–2022 (USD MILLION) 108
TABLE 58 AUTOMOTIVE: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2023–2028 (USD MILLION) 109
8.4 AEROSPACE & DEFENSE 109
8.4.1 INCREASING DEMAND FOR CONSTANT MONITORING WORLDWIDE TO FUEL MARKET GROWTH 109
TABLE 59 AEROSPACE & DEFENSE: ROBOTICS AS A SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION) 109
TABLE 60 AEROSPACE & DEFENSE: ROBOTICS AS A SERVICE MARKET, BY REGION, 2023–2028 110
TABLE 61 AEROSPACE & DEFENSE: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION) 110
TABLE 62 AEROSPACE & DEFENSE: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 110
TABLE 63 AEROSPACE & DEFENSE: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION) 111
TABLE 64 AEROSPACE & DEFENSE: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 111
TABLE 65 AEROSPACE & DEFENSE: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION) 111
TABLE 66 AEROSPACE & DEFENSE: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 112
TABLE 67 AEROSPACE & DEFENSE: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2019–2022 (USD MILLION) 112
TABLE 68 AEROSPACE & DEFENSE: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2023–2028 (USD MILLION) 112
8.5 LOGISTICS 112
8.5.1 GROWING ADOPTION OF AUTONOMOUS MOBILE ROBOTS TO DRIVE MARKET 112
TABLE 69 LOGISTICS: ROBOTICS AS A SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION) 113
TABLE 70 LOGISTICS: ROBOTICS AS A SERVICE MARKET, BY REGION, 2023–2028 113
FIGURE 37 ASIA PACIFIC TO REGISTER HIGHEST GROWTH RATE IN LOGISTICS VERTICAL DURING FORECAST PERIOD 113
TABLE 71 LOGISTICS: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION) 114
TABLE 72 LOGISTICS: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 114
TABLE 73 LOGISTICS: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION) 114
TABLE 74 LOGISTICS: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 115
TABLE 75 LOGISTICS: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION) 115
TABLE 76 LOGISTICS: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 115
TABLE 77 LOGISTICS: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2019–2022 (USD MILLION) 116
TABLE 78 LOGISTICS: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2023–2028 (USD MILLION) 116
8.6 HEALTHCARE 116
8.6.1 USE OF ROBOTS IN HOSPITALS TO HANDLE LONG QUEUES 116
TABLE 79 HEALTHCARE: ROBOTICS AS A SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION) 117
TABLE 80 HEALTHCARE: ROBOTICS AS A SERVICE MARKET, BY REGION, 2023–2028 117
TABLE 81 HEALTHCARE: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION) 117
TABLE 82 HEALTHCARE: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 117
TABLE 83 HEALTHCARE: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION) 118
TABLE 84 HEALTHCARE: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 118
TABLE 85 HEALTHCARE: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION) 118
TABLE 86 HEALTHCARE: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 119
TABLE 87 HEALTHCARE: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2019–2022 (USD MILLION) 119
TABLE 88 HEALTHCARE: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2023–2028 (USD MILLION) 119
8.7 RETAIL 119
8.7.1 RISING USE OF ROBOTS FOR STOCK MONITORING AND INSPECTION TO BOOST DEMAND 119
TABLE 89 RETAIL: ROBOTICS AS A SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION) 120
TABLE 90 RETAIL: ROBOTICS AS A SERVICE MARKET, BY REGION, 2023–2028 120
TABLE 91 RETAIL: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION) 120
TABLE 92 RETAIL: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 120
TABLE 93 RETAIL: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION) 121
TABLE 94 RETAIL: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 121
TABLE 95 RETAIL: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION) 121
TABLE 96 RETAIL: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 122
TABLE 97 RETAIL: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2019–2022 (USD MILLION) 122
TABLE 98 RETAIL: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2023–2028 (USD MILLION) 122
8.8 FOOD & BEVERAGES 123
8.8.1 GROWING REQUIREMENT FOR FOOD-GRADE AND WATER-RESISTANT ROBOTS TO FUEL SEGMENT GROWTH 123
TABLE 99 FOOD & BEVERAGES: ROBOTICS AS A SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION) 123
TABLE 100 FOOD & BEVERAGES: ROBOTICS AS A SERVICE MARKET, BY REGION, 2023–2028 123
TABLE 101 FOOD & BEVERAGES: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION) 124
FIGURE 38 ASIA PACIFIC TO HOLD LARGEST SIZE OF FOOD & BEVERAGE VERTICAL DURING FORECAST PERIOD 124
TABLE 102 FOOD & BEVERAGES: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 124
TABLE 103 FOOD & BEVERAGES: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION) 125
TABLE 104 FOOD & BEVERAGES: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 125
TABLE 105 FOOD & BEVERAGES: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION) 125
TABLE 106 FOOD & BEVERAGES: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 126
TABLE 107 FOOD & BEVERAGES: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2019–2022 (USD MILLION) 126
TABLE 108 FOOD & BEVERAGES: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2023–2028 (USD MILLION) 126
8.9 MEDIA & ENTERTAINMENT 127
8.9.1 INCREASED FASCINATION AMONG END-USERS TO DRIVE DEMAND FOR HOME ENTERTAINMENT AND LEISURE ROBOTS 127
TABLE 109 MEDIA & ENTERTAINMENT: ROBOTICS AS A SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION) 127
TABLE 110 MEDIA & ENTERTAINMENT: ROBOTICS AS A SERVICE MARKET, BY REGION, 2023–2028 127
TABLE 111 MEDIA & ENTERTAINMENT: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION) 128
TABLE 112 MEDIA & ENTERTAINMENT: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 128
TABLE 113 MEDIA & ENTERTAINMENT: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION) 128
TABLE 114 MEDIA & ENTERTAINMENT: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 129
TABLE 115 MEDIA & ENTERTAINMENT: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION) 129
TABLE 116 MEDIA & ENTERTAINMENT: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 129
TABLE 117 MEDIA & ENTERTAINMENT: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2019–2022 (USD MILLION) 130
TABLE 118 MEDIA & ENTERTAINMENT: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2023–2028 (USD MILLION) 130
8.10 OTHERS 130
TABLE 119 OTHERS: ROBOTICS AS A SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION) 130
TABLE 120 OTHERS: ROBOTICS AS A SERVICE MARKET, BY REGION, 2023–2028 131
TABLE 121 OTHERS: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION) 131
TABLE 122 OTHERS: ROBOTICS AS A SERVICE MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION) 131
TABLE 123 OTHERS: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION) 132
TABLE 124 OTHERS: ROBOTICS AS A SERVICE MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION) 132
TABLE 125 OTHERS: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION) 132
TABLE 126 OTHERS: ROBOTICS AS A SERVICE MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION) 133
TABLE 127 OTHERS: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2019–2022 (USD MILLION) 133
TABLE 128 OTHERS: ROBOTICS AS A SERVICE MARKET IN ROW, BY COUNTRY, 2023–2028 (USD MILLION) 133
9 ROBOTICS AS A SERVICE MARKET, BY REGION 134
9.1 INTRODUCTION 135
FIGURE 39 ASIA PACIFIC TO REGISTER HIGHEST CAGR IN ROBOTICS AS A SERVICE MARKET DURING FORECAST PERIOD 135
TABLE 129 ROBOTICS AS A SERVICE MARKET, BY REGION, 2019–2022 (USD MILLION) 135
TABLE 130 ROBOTICS AS A SERVICE MARKET, BY REGION, 2023–2028 (USD MILLION) 136
9.2 NORTH AMERICA 136
FIGURE 40 NORTH AMERICA: ROBOTICS AS A SERVICE MARKET SNAPSHOT 137
TABLE 131 NORTH AMERICA: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 138
TABLE 132 NORTH AMERICA: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 138
TABLE 133 NORTH AMERICA: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 139
TABLE 134 NORTH AMERICA: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 139
TABLE 135 NORTH AMERICA: ROBOTICS AS A SERVICE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 140
TABLE 136 NORTH AMERICA: ROBOTICS AS A SERVICE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 140
9.2.1 US 140
9.2.1.1 Rising awareness of benefits of collaborative robots to drive market 140
TABLE 137 US: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 141
TABLE 138 US: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 141
9.2.2 CANADA 141
9.2.2.1 Increased foreign investments in robotics to drive market 141
TABLE 139 CANADA: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 142
TABLE 140 CANADA: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 142
9.2.3 MEXICO 143
9.2.3.1 Relaxed regulations for manufacturing and licensing operations to drive market 143
TABLE 141 MEXICO: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 143
TABLE 142 MEXICO: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 144
9.3 EUROPE 144
FIGURE 41 EUROPE: ROBOTICS AS A SERVICE MARKET SNAPSHOT 145
TABLE 143 EUROPE: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 146
TABLE 144 EUROPE: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 146
TABLE 145 EUROPE: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 146
TABLE 146 EUROPE: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 147
TABLE 147 EUROPE: ROBOTICS AS A SERVICE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 147
TABLE 148 EUROPE: ROBOTICS AS A SERVICE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 147
9.3.1 UK 148
9.3.1.1 Strong manufacturing industry to push demand for robots 148
TABLE 149 UK: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 148
TABLE 150 UK: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 148
9.3.2 GERMANY 149
9.3.2.1 Growth of automobile industry to drive demand for industrial robots 149
TABLE 151 GERMANY: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 149
TABLE 152 GERMANY: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 149
9.3.3 FRANCE 150
9.3.3.1 Rising adoption of electric and hybrid vehicles to drive demand for robots 150
TABLE 153 FRANCE: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 150
TABLE 154 FRANCE: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 151
9.3.4 ITALY 151
9.3.4.1 Increasing automation in small or medium-sized enterprises to propel market 151
TABLE 155 ITALY: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 152
TABLE 156 ITALY: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 152
9.3.5 SPAIN 152
9.3.5.1 Pharmaceuticals and automotive industries to create huge demand for robots 152
TABLE 157 SPAIN: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 153
TABLE 158 SPAIN: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 153
9.3.6 REST OF EUROPE 154
TABLE 159 REST OF EUROPE: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 154
TABLE 160 REST OF EUROPE: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 155
9.4 ASIA PACIFIC 155
FIGURE 42 ASIA PACIFIC: ROBOTICS AS A SERVICE MARKET SNAPSHOT 156
TABLE 161 ASIA PACIFIC: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 157
TABLE 162 ASIA PACIFIC: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 157
TABLE 163 ASIA PACIFIC: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 158
TABLE 164 ASIA PACIFIC: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 158
TABLE 165 ASIA PACIFIC: ROBOTICS AS A SERVICE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 159
TABLE 166 ASIA PACIFIC: ROBOTICS AS A SERVICE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 159
9.4.1 CHINA 160
9.4.1.1 Growth of automotive and manufacturing industries to drive market 160
TABLE 167 CHINA: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 160
TABLE 168 CHINA: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 161
9.4.2 JAPAN 161
9.4.2.1 Rise in aging population to boost demand for industrial robots 161
TABLE 169 JAPAN: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 162
TABLE 170 JAPAN: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 162
9.4.3 SOUTH KOREA 162
9.4.3.1 Electrical & electronics industry to propel market 162
TABLE 171 SOUTH KOREA: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 163
TABLE 172 SOUTH KOREA: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 163
9.4.4 INDIA 164
9.4.4.1 Market for robotics as a service expected to record highest CAGR during forecast period 164
TABLE 173 INDIA: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 164
TABLE 174 INDIA: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 165
9.4.5 REST OF ASIA PACIFIC 165
9.4.5.1 Increasing adoption of automation and robotics in manufacturing 165
TABLE 175 REST OF ASIA PACIFIC: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 165
TABLE 176 REST OF ASIA PACIFIC: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 166
9.5 REST OF THE WORLD 166
TABLE 177 ROW: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 166
TABLE 178 ROW: ROBOTICS AS A SERVICE MARKET, BY APPLICATION, 2023–2028 (USD MILLION) 167
TABLE 179 ROW: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 167
TABLE 180 ROW: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 167
TABLE 181 ROW: ROBOTICS AS A SERVICE MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 168
TABLE 182 ROW: ROBOTICS AS A SERVICE MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 168
9.5.1 MIDDLE EAST & AFRICA 168
9.5.1.1 Automation across industries expected to drive market 168
TABLE 183 MIDDLE EAST & AFRICA: ROBOTICS AS A SERVICE MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 169
TABLE 184 MIDDLE EAST & AFRICA: ROBOTICS AS A SERVICE MARKET, BY VERTI