Global Smart Robots Market Size, Forecasts, And Opportunities
Learn about the global smart robots market through The Business Research Company, which provides information on smart robots market size, smart robots market drivers and restraints, smart robots market players, the COVID-19 impact on the smart robots market, and more.
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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%.
The increasing penetration of smart robots in industries is expected to drive innovation in smart robots manufacturing, thus driving the market during the forecast period.
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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.
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 was the largest region in the smart robots market in 2020.
Smart robots are now used in various applications including agriculture and this is a key trend gaining popularity in the smart robots market. Companies operating in the smart robots market are focusing on developing smart robots that can be used in agriculture.
TBRC’s smart robots market report covers:
Major Market Players: 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)
The Smart Robots Global Market Report 2021: COVID-19 Implications And Growth to 2030 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, leading competitor revenues, profiles and market shares.
TBRC’s smart robots market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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