Smart Robot Market By Service (Personal, Professional) By Application (Electronics, Automotive, Food & Beverages) By Technology (Hardware, Software) - Global Size Analysis and Industry Forecast, 2018-2023

GLOBAL SMART ROBOT MARKET was valued at USD 3.51 Billion in the year 2017. Global Smart Robot market is further estimated to grow at a CAGR of 25.32% from 2018 to reach USD 13.59 Billion by the year 2023. Asia-Pacific region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level China, Japan, India are projected to grow strongly in the coming years.

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Robot Corporation (U.S.), LG Electronics Inc. (South Korea), Samsung Electronics Co., Ltd. (South Korea), Israel Aerospace Industries (Israel), Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), ABB Group (Switzerland), KUKA Aktiengesellschaft (Germany), Rethink Robotics (U.S.), Universal Robots (Europe), Northrop Grumman Corporation (U.S.), are some of the key players in the Global Smart Robot market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

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Drivers:

• Adoption of IoT across the globe

Restraints:

• Higher Cost and maintenance

Opportunities:

• Growth in Automation Industry

Challenges:

• Government Regulations and norms.

The Global Smart Robot Market is segmented on the basis of service, application, technology and region. The major shares of the market comes from Electronics, by application in Global Smart Robot Market. On the other hand, Professional, by service for this market is expected to grow at highest CAGR during year 2018-2023.

Key Benefits for Stakeholders

• Smart Robot Manufacturer, Suppliers and Distributors
• Integrated device manufacturers (IDMs), Service and Solution Provider
• Technology Standards Organizations, Forums, Alliances and Associations
• Regulatory bodies, Consulting Firm.

By Service

• Personal
• Professional

By Application

• Electronics
• Automotive
• Food & Beverages
• Others

By Technology

• Hardware
• Software

By Region

• North America
• Europe
• Asia-Pacific
• RoW

Key Market Players

• iRobot Corporation
• LG Electronics Inc.
• Samsung Electronics Co., Ltd.
• Israel Aerospace Industries
• Lockheed Martin Corporation
• The Boeing Company
• ABB Group
• KUKA Aktiengesellschaft
• Rethink Robotics
• Universal Robots
• Northrop Grumman Corporation

(A brief overview of 10 companies is also provided in the report.)

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