The Latin America, Middle East and Africa Robotics as a Service Market should witness market growth of 18.6% CAGR during the forecast period (2022-2028).
The usage of service robots, which increased productivity and quality and improved robot capabilities due to technological improvement, contributed to the market's expansion. Domestic robot use is rising globally due to the utilization of IoT-based gadgets in homes and the development ofmore precise, more inexpensive home robots. In addition, the market is driven by ongoing initiatives to promote automation at manufacturing units and lower labor pay costs by minimizing human involvement in industrial operations.
The skills of robots are being exponentially expanded by technology, and they can now perform more jobs in less time. The workflow process has undergone a significant transformation due to the deployment of these robots across a wide range of industries, including healthcare, defense, logistics, agriculture, and others. For instance, usingrobots in the healthcare industry has enabled doctors to execute surgeries requiring the least amount of incision possible. These robots are employed as tools to perform precise movements or incisions that are challenging for human hands to complete.
In the United Arab Emirates (UAE), robotics and automation have enhanced production procedures in various industries, including the metal, automotive, and electrical sectors. RaaS is also used by several top industrial companies to complete trade-related tasks. The large presence of well-known companies impacts the widespread deployment of RaaSin the country. Similarly, the expanding investments in robotics, notably in healthcare, education,and sports, have fueled the demand for robots in Qatar. A prime example of the region's extensive use of robotics during the pandemic was the Hamad International Airport's use of robots equipped with short-wavelength UV light for disinfection.
The Brazil market dominated the LAMEA 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 $60.3 million by 2028. The Argentina market is experiencing a CAGR of 19.3% during (2022-2028). Additionally, The UAE market would display a CAGR of 18.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
The usage of service robots, which increased productivity and quality and improved robot capabilities due to technological improvement, contributed to the market's expansion. Domestic robot use is rising globally due to the utilization of IoT-based gadgets in homes and the development ofmore precise, more inexpensive home robots. In addition, the market is driven by ongoing initiatives to promote automation at manufacturing units and lower labor pay costs by minimizing human involvement in industrial operations.
The skills of robots are being exponentially expanded by technology, and they can now perform more jobs in less time. The workflow process has undergone a significant transformation due to the deployment of these robots across a wide range of industries, including healthcare, defense, logistics, agriculture, and others. For instance, usingrobots in the healthcare industry has enabled doctors to execute surgeries requiring the least amount of incision possible. These robots are employed as tools to perform precise movements or incisions that are challenging for human hands to complete.
In the United Arab Emirates (UAE), robotics and automation have enhanced production procedures in various industries, including the metal, automotive, and electrical sectors. RaaS is also used by several top industrial companies to complete trade-related tasks. The large presence of well-known companies impacts the widespread deployment of RaaSin the country. Similarly, the expanding investments in robotics, notably in healthcare, education,and sports, have fueled the demand for robots in Qatar. A prime example of the region's extensive use of robotics during the pandemic was the Hamad International Airport's use of robots equipped with short-wavelength UV light for disinfection.
The Brazil market dominated the LAMEA 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 $60.3 million by 2028. The Argentina market is experiencing a CAGR of 19.3% during (2022-2028). Additionally, The UAE market would display a CAGR of 18.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
By Application
- Handling
- Assembling & Disassembling
- Welding & Soldering
- Dispensing
- Processing
- Others
By End-user
- Logistics
- Automotive
- Manufacturing
- Food & Beverages
- Aerospace & Defense
- Retail
- Media & Entertainment
- Healthcare
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
- Hirebotics
- Cobalt Robotics
- Relay Robotics, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Robotics as a Service Market, by Application
1.4.2 LAMEA Robotics as a Service Market, by End User
1.4.3 LAMEA Robotics as a Service Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Recent Industry Wide Strategic Developments
3.1.1 Partnerships, Collaborations and Agreements
3.1.2 Product Launches and Product Expansions
3.1.3 Acquisition and Mergers
3.2 Top Winning Strategies
3.2.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.2.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2020, Feb - 2023, Jan) Leading Players
Chapter 4. LAMEA Robotics as a Service Market by Application
4.1 LAMEA Handling Market by Country
4.2 LAMEA Assembling & Disassembling Market by Country
4.3 LAMEA Welding & Soldering Market by Country
4.4 LAMEA Dispensing Market by Country
4.5 LAMEA Processing Market by Country
4.6 LAMEA Others Market by Country
Chapter 5. LAMEA Robotics as a Service Market by End User
5.1 LAMEA Logistics Market by Country
5.2 LAMEA Automotive Market by Country
5.3 LAMEA Manufacturing Market by Country
5.4 LAMEA Food & Beverages Market by Country
5.5 LAMEA Aerospace & Defense Market by Country
5.6 LAMEA Retail Market by Country
5.7 LAMEA Media & Entertainment Market by Country
5.8 LAMEA Healthcare Market by Country
5.9 LAMEA Others Market by Country
Chapter 6. LAMEA Robotics as a Service Market by Country
6.1 Brazil Robotics as a Service Market
6.1.1 Brazil Robotics as a Service Market by Application
6.1.2 Brazil Robotics as a Service Market by End User
6.2 Argentina Robotics as a Service Market
6.2.1 Argentina Robotics as a Service Market by Application
6.2.2 Argentina Robotics as a Service Market by End User
6.3 UAE Robotics as a Service Market
6.3.1 UAE Robotics as a Service Market by Application
6.3.2 UAE Robotics as a Service Market by End User
6.4 Saudi Arabia Robotics as a Service Market
6.4.1 Saudi Arabia Robotics as a Service Market by Application
6.4.2 Saudi Arabia Robotics as a Service Market by End User
6.5 South Africa Robotics as a Service Market
6.5.1 South Africa Robotics as a Service Market by Application
6.5.2 South Africa Robotics as a Service Market by End User
6.6 Nigeria Robotics as a Service Market
6.6.1 Nigeria Robotics as a Service Market by Application
6.6.2 Nigeria Robotics as a Service Market by End User
6.7 Rest of LAMEA Robotics as a Service Market
6.7.1 Rest of LAMEA Robotics as a Service Market by Application
6.7.2 Rest of LAMEA Robotics as a Service Market by End User
Chapter 7. Company Profiles
7.1 Berkshire Grey, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Product Launches and Product Expansions:
7.2 Kuka AG (Midea Investment Holding Co., Ltd.)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expense
7.2.5 Recent Strategies and Developments:
7.2.5.1 Partnerships, Collaborations & Agreements:
7.3 Cyberdyne, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Research & Development Expenses
7.4 knightscope, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Research & Development Expenses
7.4.4 Recent strategies and developments:
7.4.4.1 Partnerships, Collaborations, and Agreements:
7.4.4.2 Acquisition and Mergers:
7.5 Locus Robotics
7.5.1 Company Overview
7.5.2 Recent strategies and developments:
7.5.2.1 Partnerships, Collaborations, and Agreements:
7.5.2.2 Acquisition and Mergers:
7.6 Exotec SAS
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Partnerships, Collaborations, and Agreements:
7.6.2.2 Product Launches and Product Expansions:
7.7 Caja Robotics
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.8 Hirebotics
7.8.1 Company Overview
7.9 Cobalt Robotics
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.10. Relay Robotics, Inc.
7.10.1 Company Overview
Companies Mentioned
- Berkshire Grey, Inc.
- Kuka AG (Midea Investment Holding Co., Ltd.)
- Cyberdyne, Inc.
- Knightscope, Inc.
- Locus Robotics
- Exotec SAS
- Caja Robotics
- Hirebotics
- Cobalt Robotics
- Relay Robotics, Inc.
Methodology
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