Smart Robot Market Expected to Grow at 14.29 Billion In Revenue by 2023

According to Market Study Report, Smart Robot Market provides a comprehensive analysis of the Smart Robot Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Smart Robot Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Smart Robot Market is expected to reach USD 14.29 Billion by 2023 from USD 4.94 Billion in 2018, at a CAGR of 23.7% between 2018 and 2023. This report spread across 1573 pages, profiling 10 companies and supported with 77 tables and 52 figures are now available in this research.

Top Companies Profiled in the Smart Robot Market:
o SoftBank (Japan)
o iRobot (US)
o KUKA (Germany)
o ABB (Switzerland)
o Hanson Robotics (Hong Kong)
o Amazon.com (US)
o Honda Motor (Japan)
o FANUC (Japan)
o YASKAWA ELECTRIC (Japan)
o ECA (France)
o OMRON Adept Technologies (US)
o Samsung Electronics (South Korea)
o Intuitive Surgical (US)
o DeLaval (Sweden)
o Aethon (US)
o Rethink Robotics (US)
o Bluefin Robotics (US)
o Gecko Systems (US)
o BLUE FROG ROBOTICS (France)
o Anki (US)

"Hardware component held a larger share of the smart robot market in 2017"
The hardware components add major value to the overall smart robot cost; hence, the hardware segment accounted for a larger share of the overall smart robot market in 2017.Among different hardware components, control systems accounted for the largest market share in 2017.

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"Electronics industrial application of smart robots to grow at a higher CAGR during the forecast period"
The smart robot market for electronics applications is expected to grow at the highest CAGR during the forecast period. With the increasing complexity of manufacturing processes and miniaturization of semiconductor and electronics equipment, there is an increase in the use of AI-based smart industrial robots.

"Professional service application of smart robot held a larger share of the market in 2017"
The professional service applications held the largest share of the smart robot market, by service application in 2017. The market is expected to be driven by the increasing demand from defense and marine applications. The professional service application is also expected to grow faster during the forecast period.

"Americas was the largest shareholder in 2017, whereas APAC would be the fastest-growing region in the smart robot market during the forecast period"
The Americas held the largest share of the smart robot market in 2017.The Americas is the early adopter of smart robots for all major industrial and service applications, thereby resulting in the maximum demand for robots from this region. The market in APAC is expected to grow at the highest CAGR between 2018 and 2023. APAC is likely to adopt smart robots for almost all major industrial and service applications during the forecast period.

Breakdown of primary participants' profile:
o By Company Type: Tier 1=55%, Tier 2=20%, and Tier 3=25%
o By Designation: C-Level Executives=75%and Directors =25%
o By Region: Americas=10%, Europe=20%, APAC=40%, and RoW=30%

Competitive Landscape of Smart Robot Market:
1 Overview
2 Market Ranking Analysis
3 Competitive Scenario
1 Product Launches
3.2 Agreements, Collaborations, and Expansions
3.3 Acquisitions and Partnerships

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Research Coverage:
o This report includes the market statistics pertaining to the smart robot component, industrial application, service application, and geography, along with their respective market size.
o Major drivers, restraints, opportunities, and challenges pertaining to the smart robot market have been detailed in the report.
o Opportunities in the market have been defined for stakeholders, along with the details of the competitive landscape for the market leaders.
o Strategic profiling of the key players in the smart robot market has been done, and players' ranking has been provided and core competencies have been comprehensively analyzed.

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