The Global Smart Robots Market Report by The Business Research Company covers smart robots market’s drivers and restraints, smart robots market size, major players, and the impact of COVID-19 on the smart robots market.

The smart robots market consists of sales of smart robots by entities (organizations, sole traders and partnerships) that manufacture smart robots. A smart robot is a computerized reasoning (AI) device that is capable of observing from its environment and context and producing its skills in the light of the comprehensive learning process. Smart robots are used for research, manufacturing and even human applications.

The increasing penetration of smart robots in industries is predicted to boost the growth of the smart robot market over the coming years

The global smart robots market is expected to grow from $6.19 billion in 2020 to $8.58 billion in 2021 at a compound annual growth rate (CAGR) of 38.69%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while catering to the demand during the COVID-19 outbreak, which had increased the demand for smart robots to deliver medicines, monitor patients, and help frontline workers and reduce exposure to the virus. The global smart robots market is expected to reach $20.91 billion in 2025 at a CAGR of 24.94%.

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Some smart robots market trends include use in various applications including agriculture. Companies operating in the smart robot market are focusing on developing smart robots that can be used in agriculture. For instance, in 2020, Farmwise, a US-based robotics company is creating autonomous agricultural robots to provide farmers with higher yields, more income, and a healthier climate. The company begins with an advanced weeding robot that can collect weeds from farms efficiently, reducing or removing the necessity for chemical pesticides. According to FarmWise, the robots have effectively eliminated weeds from more than 10 million plants.

Global smart robots market segments include:

By Component: Hardware, Software, Services

By Product: Professional Service Robots, Personal Service Robots, Collaborative Robots

By End-User: Industrial, Residential, Commercial

By Application: Manufacturing, Healthcare, Defense, Energy and Utility, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global smart robots market share.

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The Smart Robots Global Market Report 2020-30: COVID-19 Implications And Growth is one of a series of new reports from The Business Research Company that provides smart robots market overviews, analyzes and forecasts market size, share, smart robots market players, smart robots market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The smart robots identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Smart Robots Global Market Report 2020-30: COVID-19 Implications And Growth from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: iRobot, SoftBank Robotics Group, ABB, KUKA, FANUC, Hanson Robotics, Yaskawa Electric Corporation, Rethink Robotics, Blue Frog Robotics, Universal Robots, DeLaval, Intuitive Surgical, Aethon, Samsung Electronics, GeckoSystems, Honda Motor Company Ltd., Omron Adept Technologies, Inc., GreyOrange pte Ltd, Kongsberg Maritime, ECA GROUP, Neato robotics, Bluefin Robotics, Puresight Systems Pvt. Ltd, AIBRAIN Inc, Brain Corporation, Cyberdyne Inc., Epson America Inc, Lely, OTC Daihen Inc., and F&P Personal Robotics.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Smart Robots Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Smart Robots Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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