The GMI Research expects the smart robots market to expand at an increasing rate. From a regional perspective, Asia-pacific is expected to grow at a higher CAGR due to the high adoption of smart robots for several industries. The growing geriatric population in Asia-pacific economies, including Japan and China, will drive the demand of the market.
Request for a FREE Sample Report on Smart Robots Market
Smart Robots Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The growing penetration of industrial automation and the rising acceptance of autonomous robots for professional services are the prominent factors surging the growth of the smart robots market size. Moreover, the rapid technological developments in the field of robotics and the growing introduction of advanced technology, including deep learning, machine learning, and the Internet of things (IoT) in smart robots, are further augmenting the growth of the market. Smart robots consist of artificial intelligence, which allows them to be functional and perform their tasks independently. Smart robots are being largely utilized for commercial, industrial, and residential applications and are employed in the numerous industrial sector that includes manufacturing, automotive, retail, healthcare, and process industries like metal and mining, food & beverages, and energy and utilities. All these factors are enhancing the demand of the market during the forecast period.
Smart robots are fitted with a high-sensitive sensor which controls the surrounding environment and provides feature including self-correction and self-learning using deep learning technology. The recent outbreak of the COVID-19 is bringing various new growth opportunities for the market. The growing focus on maintaining social distance and staying at home is widely influencing the total number of the working population, is promoting the players to adopt smart robots to execute the manual tasks done by the workers. On the other hand, the high initial research and development expenditure and manufacturing costs will restraint the growth of the smart robots market.
Smart Robots Market’s leading Manufacturers:
- iRobot Corporation
- KUKA AG
- Fanuc Corporation
- ABB Ltd.
- Yaskawa Electric Corporation
- Panasonic Industry Europe GmbH
- OTC Daihen, Inc.
- Kawasaki Heavy Industries
- Omron Adept Technologies, Inc.
- SoftBank Robotics
Smart Robots Market Segmentation:
Segmentation by Component:
- Hardware
- Sensor
- Actuator
- Power Source
- Control System
- Others
- Software
Segmentation by Mobility:
- Stationary
- Mobile
Segmentation by End-Use:
- Industrial
- Commercial
- Residential
Segmentation by Application:
- Personal and Domestic
- Companionship
- Education and Entertainment
- Domestic
- Others
- Elderly and Handicap Assistance
- Home Security and Surveillance
- Professional
- Military & Defense
- Spying
- Search and Rescue Operations
- Border Security
- Combat Operations
- Law Enforcement
- Patrolling
- Riot Control
- Public Relations
- Reception Management
- Tour Guidance
- Telepresence
- Logistics Management
- Pick and Place
- Sorting
- Industrial
- Manufacturing
- Material Handling
- Inspection and Maintenance
- Field/Agriculture
- Healthcare Assistance
- Others
- Military & Defense
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that provides syndicated research reports, consulting services, and customized market research reports. Our reports are based on market intelligence studies to ensure relevant and fact-based research across numerous sectors, including healthcare, automotive, information technology & communication, FMCG, and other industries. GMI Research’s deep understanding related to the business environment helps us in generating objective strategic insights. Our research teams consisting of seasoned analysts and researchers have hands-on experience in various regions, including Asia-pacific, Europe, North America, and the Rest of the World. The market research report offers in-depth analysis, which contains refined forecasts, a bird’s eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.
Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com
