Press release
Smart Robots Market will reach $28.61 Billion by 2026 | CAGR: 26.02% | Global Key Players (ABB, Amazon.Com, Fanuc, Omron Adep, Samsung, Yaskawa Electric, Hanson Robotics, Kuka, Softbank)
Smart Robots Market
Overview of the Global Smart Robots Market:
The Global Smart Robots Market is accounted for $3.57 Billion in 2017 and is expected to reach $28.61 Billion by 2026 growing at a CAGR of 26.02% during the forecast period. The increasing implementation of autonomous robots for specialized services, rising investments toward industrial automation and rising technological advancements in the field of robotics are some of the key driving factors for the market growth. However, high initial R&D expenditure and safety concerns due to complex high-level interfacing are hampering the market growth. Moreover, increase in demand for private services and acceptance of IoT on broad level are generating ample of opportunities for smart robots market.
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By component, software segment is anticipated to grow at a significant CAGR attributed to the technological developments will lead to the rising complexity in terms of characteristics such as Artificial Intelligence (AI), inter-device connectivity and autonomous operations. It will aid the complex functionalities to process efficiently and precisely. By geography, Asia Pacific region is expected to dominate the market during the forecast period due to the penetration of nations such as India and China in this market. Moreover, this region also comprises various smart robot vendors such as Honda Motors Ltd and Yaskawa Electric Corporation which will further propel the growth of the market in Asia Pacific.
Major Key Players:
1 Irobot Corporation
2 ABB
3 Amazon.Com
4 Fanuc
5 Omron Adept Technologies
6 Samsung Electronics
7 Yaskawa Electric
8 Honda Motor
9 Hanson Robotics
10 Kuka
11 Softbank
12 Aethon and More…………..
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Market Segment by Industrial Applications:
1 Electronics
2 Food & Beverages
3 Automotive and Other Industrial Application
Market Segment by Components:
1 Hardware
2 Software
Market Segment by Service Applications:
1 Professional
2 Personal
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What Information does this report contain?
1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants
2 Which are the leading market products, applications & regions and how will they perform by 2026?
3 What are the technologies & innovation trends, how will they evolve by 2026?
4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Smart Robots Market.
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We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.
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