Press release
Smart Robot Market 2018 - Adoption of Smart Robots by E-Commerce Sector, Growing Demand from the Healthcare Industry, Increasing Domestic Service Sector and Rising Demand of Robots Propel the Market Growth
The Insight Partners
The global smart robot market is segmented on the basis of application into service robots and industrial robots. Further, the service robots are sub-segmented into professional service robots and personal service robots. Furthermore, professional service robots are used across security & defense, logistics, firefighting, medical, demining, maintenance, inspection, and various other applications, while personal service robots are used across household, leisure, and entertainment applications. Industrial robots are further sub-segmented on the basis of their applications into beverages, food, electronics, and automotive segments. In addition, the global smart robot market is segmented on the basis of components into software and hardware.
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Leading Key Players: Aethon Inc., Lely Group, Irobot Corp., Northrop Grumman Corp., Google Inc., Intuitive Surgical Inc., Delaval Group, Honda Motor Co. Ltd.,Amazon.Com, KUKA AG, ABB Ltd., Fanuc Corp., ECA Group, Gecko systems Intl. Corp., Yaskawa Electric Corp., Adept Technology Inc., and Bluefin Robotics Corp.
The noteworthy drivers of smart robots market include adoption of smart robots by e-commerce sector, growing demand from the healthcare industry, the increasing domestic service sector, and the rising demand of robots for elderly assistance. The growing service robot segment is a fundamental part of the advanced computer industry and much of the processing unit, sensor technology, and software is developed by smart robot manufacturers. Contrariwise, the smart robots market is hindered by high initial investment associated with the research & development department activities and reduced pace of commercialization of this technology. Further, the smart robots can be a threat if there is an error in the software algorithm embedded in them. This can have a negative impact, harm the surrounding environment and act as a major hindrance to the market. Additionally, the utilization of smart robots in manufacturing vertical is resulting in growing unemployment problem. These factors are anticipated to restrict the global smart robots market.
Europe and North America are the biggest markets for smart robots and are driven by rapid commercialization and the progress of their manufacturing industry. Additionally, the early acceptance of technology in these geographies has encouraged the smart robot market to prosper at a brisk rate. On the contrary, it is expected that Asia Pacific (APAC) would be the front-runner, registering fastest growth rate due to significant technological advancements.
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Table of Content
1 Table of Contents
2 Introduction
3 Key Takeaways
4 Smart Robot Market Landscape
5 Smart Robot Market – Key Industry Dynamics
6 Smart Robot Market – Five Forces Analysis
7 Global Smart Robot Market Analysis
8 Global Smart Robot Market Revenue and Forecasts to 2025 – Applications
9 Global Smart Robot Market Revenue and Forecasts to 2025 – Components
10 Global Smart Robot Market Revenue and Forecasts to 2025 – Geographical Analysis
11 Global Smart Robot Market, Key Company Profiles
12 Appendix
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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