San Francisco, 23 January 2019: The Report Smart Robots Market Size, Share & Trends Analysis Report By Component
(Hardware, Software, Service), By Application, By End Use (Industrial,
Commercial, Residential), By Vertical, By Region, And Segment Forecasts, 2018 -
2025
The global smart robots market size is anticipated to reach USD 16.46 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 22.4% over the forecast period. Factors such as increasing adoption of autonomous robots for carrying out iterative tasks, rapid technological developments in robotics, and increasing investments in industrial automation have boosted the adoption of smart robots in various end use segments.
Smart robots are commonly used for
performing various tasks in field applications, metal fabrication, packaging
and palletizing, among others. These robots perform tasks independently as well
as can work with humans in various manufacturing and maintenance operations.
Smart robots are widely used in industries such as automotive and manufacturing
to enhance productivity and to reduce labor cost. In addition, benefits such as
minimal accidents and higher accuracy are driving the market growth.
The introduction of smart collaborative
robots and Artificial Intelligence (AI) enabled systems with enhanced
reliability and accuracy is expected to drive growth of the smart robots market
over the forecast period. Numerous companies such as Fanuc Corporation, ABB
Ltd., and Yaskawa Electric Corporation, among others, are implementing advanced
robotics technologies for versatile end-use applications. This factor is
anticipated to further boost the market expansion in the forthcoming years.
The industrial robot segment is anticipated
to witness substantial growth in near future owing to their wide adoption in
process automation in various industries. Increasing investment in industrial
automation has boosted the adoption of smart robots among packaging,
manufacturing, and material handling among other industries. Moreover, rising
adoption of Internet of Things (IoT) and Artificial Intelligence (AI) has also
encouraged end users to implement the smart robotics technology.
The market for smart robots is expected to
witness volatility owing to mergers and acquisitions, high competition, and presence
of new as well as well-established participants. In August 2016, Panasonic
Corporation acquired OpenSynergy GmbH, a German software company. OpenSynergy
is a high-tech company specializing in embedded automotive software for cockpit
solutions. This acquisition is expected to enhance its business in the
automotive sector.
Access Research Report of Smart Robots
Market@ www.grandviewresearch.com/industry-analysis/smart-robots-market
Further key findings from the study suggest:
· Demand for smart robots has increased over
the years owing to benefits such as automation, safety, cost reduction, and
reliability
· Governments across the globe are promoting
industrial automation to improve productivity
· The Asia Pacific region is projected to
witness remarkable growth over the forecast period owing to increasing
application of smart robots in manufacturing and automotive industries
· The market is expected to grow at
exponential pace as numerous diverse applications come to light and different
types of niche products including application specific robots are
commercialized
· Key players in the smart robots market
include ABB Ltd., Kuka AG, iRobot Corporation, and Fanuc Corporation, among
others.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global smart robots market based on component, application, end use, vertical,
and region:
Smart Robots Component Outlook (Revenue,
USD Million, 2014 - 2025)
·
Hardware
·
Software
·
Service
Smart Robots Application Outlook (Revenue,
USD Million, 2014 - 2025)
·
Industrial Robots
·
Service Robots
Smart Robots End Use Outlook (Revenue, USD Million, 2014
- 2025)
·
Industrial
·
Commercial
·
Residential
Smart Robots Vertical Outlook (Revenue, USD
Million, 2014 - 2025)
·
Automotive
·
Healthcare
·
Manufacturing
·
Food & Beverages
·
Retail
·
Energy & Utility
·
Others
Smart Robots Regional Outlook (Revenue, USD
Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
South America
·
Middle East & Africa
Access Press Release of
Smart Robots Market@ www.grandviewresearch.com/press-release/global-smart-robots-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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