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.
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
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.
No comments:
Post a Comment