Press release
Smart Robots Market Outlook to 2025 - Google, Intuitive Surgical, Delaval Group, Honda Motor Co, Amazon, KUKA AG, ABB Ltd, Fanuc Corp, ECA Group, Yaskawa Electric Corp, Adept Technology, and Bluefin Robotics Corp
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.
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.
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The key players in the global smart robots market are 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 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. Additionally, the present boom in the automotive sector is predicted to drive the smart robots markets in APAC. Within APAC, service robots market demand is likely to grow in countries such as China and India owing to the advancements in the manufacturing sector.
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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Within the professional service robot segment, medical domain has been a key growth segment where there is a growing demand for smart hospital delivery and robot surgeons. Comparatively, industrial robots are more popular than service robots and these are anticipated to drive the smart robots market during the forecast period. Moreover, the growth in the deployment of smart robots in the education sector is expected to be a promising prospect for the smart robot vendors.
Table of content:
1 Table of Contents
1.1 List of Tables
1.2 List of Figures
2 Introduction
2.1 TIP Research Report Guidance
3 Key Takeaways
4 Smart Robot Market Landscape
4.1 Overview
4.2 Definitions
4.3 Value Chain Analysis
5 Smart Robot Market - Key Industry Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
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