Smart Robots Market 2021 Key Insights, COVID-19 Impact, Futuristic Growth Objectives and Forecast

Adroit Market Research

Smart Robots Market

by Component (Hardware, Software, Services), Product (Professional Service Robot, Personal Service Robot, Collaborative Robot), Application (Automotive, Manufacturing, Healthcare, Defense, Energy & Utilities, Food & Beverages, Others), and Region (North America, Europe, Asia Pacific, South America and Middle East and Africa), Global Forecast 2018 to 2025

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Smart Robots Market Size and Share 2025 • The global smart robot market contains hardware, software, and service segment. In 2019, the hardware segment is likely to hold a significant market share due to the growing requirements of hardware components such as sensors, actuators, power systems, control systems, and communication systems. However, the solutions segment is anticipated to grow at a significant rate over the forecast period. Most of the industry participants within the smart robot market deliver professional services for managing the smart robot's deployment. Also, these services ensure smoother and faster implementation, which enhances the value of business investments.

• Evolving technological developments in the field of robotics, increasing adoption of self-governing robot for professional services, and growing investments within industrial automation drive the demand for smart robot market • Smart robot is emerging technology where-in robot & automation systems share code and data for performing computation through networks building on evolving research in cloud computing. It uses the network to index images, maps, and data helpful in driving trajectories, traffic, and weather to evaluate spatial localization and take decisions. It has virtually unrestricted capabilities in terms of storage power and processing among the mature technology to date. Hence, the global smart robot market size is anticipated to reach over USD 24 billion by 2025

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Smart Robots Market Size and Share 2025 • The extended usage of automated reasoning, big data, and machine learning technology, along with artificial intelligence and probabilistic logic has paved the way for the greater development of smart robotics past few years. Furthermore, the evolution of the Internet of Things (IoT) has also fueled the growth momentum of the industry with its various applications in the advancements of the interactive software platform. The industry players operating within the smart robot market are investing significant resources to continuous product development to keep up with the market dynamics.

• The global smart robot market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.

• The global smart robot solution industry is a wide range to North America, Asia Pacific, Europe, South America, and the Middle East & Africa. The Asia Pacific region is expected to be the prominent region with India as the largest smart robot market. Countries such as Japan, China, and South Korea are anticipated to be at the forefront in the adoption of smart robot owing to increased technological investment in the countries. Moreover, the rising trend of the cloud-based solution in medium and large industries propels the demand for smart robot in the region.

• The major players of the global smart robot solution market are SoftBank, iRobot, KUKA, Hanson Robotics, Amazon, ABB, FANUC, YASKAWA ELECTRIC, Universal Robot, Blue Frog Robotics, Rethink Robotics, and more. The smart robot solution market is fragmented with the existence of well-known global and domestic players across the globe.

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Smart Robots Market Size and Share 2025 •

Segment Overview of Global Smart Robot Market

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Component Overview, 2018-2025 (USD Billion)

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Hardware

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Software

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Services

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Applications Overview, 2018-2025 (USD Billion)

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Professional Service Robot

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Personal Service Robot

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Collaborative Robot

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End-Use Overview, 2018-2025 (USD Billion)

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Automotive

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Manufacturing

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Healthcare

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Defense

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Energy & Utilities

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Food & Beverages

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Others

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Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more.

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