• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • About
    • Contact
    • Privacy
    • Terms of use
  • Advertise
    • Advertising
    • Case studies
    • Design
    • Email marketing
    • Lead generation
    • Magazine
    • Press releases
    • Publishing
    • Features list & sponsorships
    • Webcasting
    • Webinars
    • White papers
    • Writing
  • Subscribe to Newsletter

Robotics & Automation News

Where Innovation Meets Imagination

  • Home
  • News
  • Features
  • Editorial Sections A-Z
    • Agriculture
    • Aircraft
    • Artificial Intelligence
    • Automation
    • Autonomous vehicles
    • Business
    • Computing
    • Construction
    • Culture
    • Design
    • Drones
    • Economy
    • Energy
    • Engineering
    • Environment
    • Health
    • Humanoids
    • Industrial robots
    • Industry
    • Infrastructure
    • Investments
    • Logistics
    • Manufacturing
    • Marine
    • Material handling
    • Materials
    • Mining
    • Promoted
    • Research
    • Robotics
    • Science
    • Sensors
    • Service robots
    • Software
    • Space
    • Technology
    • Transportation
    • Warehouse robots
    • Wearables
  • Press releases
  • Events

Global ‘Robot-as-a-Service’ market set to reach $41.3 billion by 2028

August 23, 2021 by David Edwards

The global Robot as a Service market was valued at $12.6 billion in 2020 and is expected to surpass $41.3 billion by 2028, registering a compound annual growth rate of 15.9 percent during the forecast period (2021-2028), as highlighted in a report published by Coherent Market Insights.

The ongoing advancement in technologies is propelling the market growth during the forecast period.

The growing adoption of advanced technologies such as automation, artificial intelligence, machine learning, Robot as a Service (RaaS), and many other technologies are expected to drive market growth during the forecast period.

For instance, in June 2020, Qualcomm, a US-based semiconductor manufacture company, launched its first 5G and AI-enabled robotics platform for consumer, enterprise, defense, industrial, and professional service sectors.

For instance, according to the International Federation of Robotics (IFR), a Germany-based non-profit organization, the annual installation of robots reached 422 thousand in 2018 from 250 thousand in 2015.

Furthermore, the growth of robotics is expected to propel the productivity and economic expansion in the developing countries.

The robot as a service platform can create tremendous opportunities across various industrial sectors in underdeveloped economies.

Moreover, the era of automation and robotics represent opportunities for residential sectors as well.

Impact of the coronavirus pandemic

Globally, most of the countries are affected by Covid-19 pandemic and have announced lockdown. There is a significant impact of the pandemic on the Robot as a Service market as well.

The Covid-19 pandemic has increased the demand for robot-as-a-service platform in logistics, food and beverage, and many other industries, which is driving the market growth.

Most of the logistics companies such as DHL logistics have also implemented contactless operations such as parcel lockers, autonomous delivery robots, and in-app signature software in order to minimize the pandemic risks in the market.

For instance, in September 2020, Alibaba, a China based multinational e-commerce company launched logistics robots for deliveries, owing to the rising industrial automation in the market.

Furthermore, logistics sector are using robotics and automation in order toavoid social distancing and to contain the spread of coronavirus.

Key trends and analysis of the global Robot as a Service market

North America held dominant position in the global Robot as a Service market in 2020 and is expected to retain its dominance throughout the forecast period.

This is attributed to increasing investments in advanced technologies, higher investment in research and development, and adoption of major technologies in North America region have increased the demand for services robotics in North America region.

Moreover, significant rise in the adoption of surgical robots in the healthcare industry in the region has led to the higher market share of the region.

For instance, according to Coherent Market Insight analysis, global medical robots market is expected to reach $12.6 billion by 2025 from an estimated $5.9 billion in 2020 at a CAGR of 16.5 percent during the forecast period.

Asia Pacific is expected to show significant growth over the forecast period, owing to growing adoption of services robots in China, Japan, India, and many others. Regional governments also play a major factor for the development of regional robotics demand in the market.

For instance, India plans to invest in military robotics, and the country is preparing for deploying advanced robotic soldiers by 2023.

Among type, professional robots segment held a dominant position in the market in 2020 and is expected to retain its dominance during the forecast period. This is owing to the increasing demand for service robots across many industries such as medical, logistics, retail, construction, and many others.

For instance, according to Coherent Market Insight analysis, global logistics robots market is projected to grow from $4.3 billion in 2021 to $15.8 billion in 2028 at a CAGR of 13.1 percent in forecast period 2021-2028.

Furthermore, the increasing adoption of mobility and automation across industrial sector is also creating lucrative growth opportunities in the market.

The growth of this segment is also increasing owing to the rising labor cost, investment in research & development, and growing awareness regarding service robot and automation.

Major players operating in the global Robot as a Service market include iRobot, Softbank, Intuitive Surgical, DeLaval, Daifuku, Cyberdyne, DJI, Kongsberg, Northrop Grumman, Neato Robotics, ecoRobotix, Starship Technologies, Kuka, Parrot, Aethon, Lely, Dematic, Bastian Solutions, and Omron.

Print Friendly, PDF & Email

Share this:

  • Click to print (Opens in new window) Print
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on Reddit (Opens in new window) Reddit
  • Click to share on X (Opens in new window) X
  • Click to share on Tumblr (Opens in new window) Tumblr
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on Pocket (Opens in new window) Pocket

Related stories you might also like…

Filed Under: Features, Industry Tagged With: automation, billion, expected, forecast, global, growth, instance, logistics, market, period, robot, robotics, robots, service, technologies

Primary Sidebar

Search this website

Latest articles

  • DNMiner Cloud Mining: A New Passive Income Option for XRP and DOGE Investors
  • Ambi Robotics sells out of AmbiStack systems as ‘Fortune 500 customer demand accelerates’
  • Libiao robotic solution ‘optimizes high-end third-party logistics company’
  • Hedra raises $32 million to build ‘leading’ generative AI platform for digital characters
  • ABB’s PixelPaint brings ‘exclusive and sustainable paint finishes’ to Mercedes-Benz plant
  • ‘Politically unacceptable, morally repugnant’: UN chief calls for global ban on ‘killer robots’
  • Dubai Police unveils fully-electric Lotus Emeya-S at World Police Summit
  • DoorDash expands drone delivery partnership with Wing in Charlotte
  • ‘Many more metal men’: Ambitious goals for humanoid mass production
  • Huawei to work with UBTech to develop humanoid robots for factories and households

Secondary Sidebar

Copyright © 2025 · News Pro on Genesis Framework · WordPress · Log in

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT