Robotics as a service market size is valued at USD 1.8 billion in 2023 and is anticipated to USD 4.0 billion by 2028; growing at a CAGR of 17.4% from 2023 to 2028. Factors such growing growing adoption of Industry 4.0 and anticipated shortage of skilled labour in manufacturing industries are driving the growth of the market during the forecast period.
KUKA is one of the leading European companies manufacturing industrial robots and automation and system engineering solutions. In December 2016, the company was acquired by Midea Group (China) to facilitate its entry into the Chinese market. KUKA operates through the Robotics, Systems, Swisslog, Swisslog Healthcare, and China segments. In January 2022, the Robotics segment accounted for USD 1,155 million. KUKA offers a complete automation solution, from robots to control software and integration services for the aerospace, automotive, electronics, metalworking, plastics, medical, foundry, and food industries. In June 2018, KUKA launched Smart Factory as a Service business model with the potential to revolutionize automotive manufacturing processes by developing robot-based automated plants for the automotive industry.
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KUKA has offices and divisions in more than 40 countries worldwide, including Germany, the US, Canada, Mexico, Brazil, China, Japan, India, South Korea, and Russia. Its major subsidiaries include KUKA Systems GmbH (Germany), KUKA Deutschland GmbH (Germany), Swisslog Logistics GmbH (Germany), KUKA Assembly and Test Corp. (US), KUKA Robotics Corporation (US), and KUKA Industries Automation Co., Ltd. (China).
Locus Robotics (US)
Locus robotics is a warehouse robotic automation company that designs and builds autonomous mobile robots working collaboratively alongside workers in the logistics and warehouse industries. Locus operates in the healthcare, retail, and third-party logistics segments. The company provides various solutions, such as directed picking, point-to-point transport, and robots for warehouse management in the aforementioned industries. Locus Robotics operates more than 10,000 autonomous mobile robots at over 250 sites. In addition to the Material Bank, Locus’s global customers include DHL Supply Chain, GEODIS, Radial, Ryder eCommerce, and VF Corporation.
Locus has a presence in Europe, the US, and Asia Pacific. In November 2022, Locus Robotics closed a Series F round of funding valued at USD 117 million.
Exotec is a warehouse robotics and automation machinery manufacturing company that builds goods-to-person warehouse robotic solutions. The company combines hardware and software to offer flexible warehouse systems driving operational efficiency, adding resiliency, and improving working conditions for warehouse operators.
The company has a geographic presence in Asia Pacific, Europe, and North America. Exotec operates in several end-user verticals such as retail, e-commerce, food & beverages, healthcare, third-party logistics, and many more.
Robotics as a Service Market by Type (Personal, Professional), Application (Handling, Processing, Dispensing, Welding & Soldering), Vertical (Logistics, Manufacturing, Automotive, Retail, Food & Beverage) and Region - Global Forecast to 2028
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
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