openPR Logo
Press release

Smart Robot Market Anticipated to Grow $17,561 Million By 2025 at a CAGR of 19.6% | ABB, iRobot Corporation, Epson America Inc. and SoftBank Robotics

04-22-2020 09:38 PM CET | IT, New Media & Software

Press release from: Allied Market Research

Smart Robot Market

Smart Robot Market

According to a report published by Allied Market Research, titled, "Smart Robot Market by Component (Hardware and Software), Application (Welding & Painting, Assembling & Disassembling, Mobility, Inspection & Security and Others), Industry Vertical (Automotive, Manufacturing, Electrical & Electronic, Food & Beverage, Chemical, Residential, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2025", the global smart robot market is expected to value at $4,057 million in 2017, and is projected to reach $17,561 million by 2025, registering a CAGR of 19.6% from 2018 to 2025.

Access Full Summary @

At present, North America dominates the market, followed by Europe. In 2017, the U.S. is expected to remain dominant in the North America market, while Germany is projected to lead the overall market in Europe.

Smart Robot is a reprogrammable, multifunctional manipulator designed to move material, parts, tools, or specialized devices through various programmed motions for the performance of a variety of tasks. Autonomous robot uses coding algorithm to perform a specified operation and changes its working in accordance with the changes made in the programming.

Get Up to 30% Discount - Hurry Up!
Make Purchase Enquiry @

By use of advanced technology, a smart robot can help people overcome daily obstacles or to teach children, and are majorly used in the industry vertical applications. Some smart robots can replace jobs where human interaction is difficult such as industrial welding, investigation of volcanoes, underwater exploration, and deep space exploration. For specific movements in the operation such as assembling and spot welding, many robots use the pneumatic or air pressure pistons in particular directions.

The increase in field of automation, the rise in demand for robotic advancement for connected world and capability of robots to identify the breakdowns in the industry fuel the growth of the market. In addition, strong government initiative for the factory automation also contribute to the market growth. However, higher manufacturing cost and insecurities regarding the robots hamper this stated growth.

Download Sample Report (Get Full Insights in PDF - 227 Pages) @

Based on component, the hardware segment generated the highest revenue in the smart robot market in 2017, and is expected to remain dominant during the forecast period. In addition, based on application, the assembling & disassembling segment generated the highest revenue followed by welding & painting and mobility. Based on industry vertical, the automotive industry accounted for the majority market share of the smart robot market followed by the manufacturing industry.

Key Findings of the Study:
1. The hardware segment is estimated to generate the highest revenue in the global smart robot market in 2018.
2. In 2018, the automotive industry is projected to be the highest revenue contributor in the industry vertical segment.
3. Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
4. In 2018, North America contributes the highest market share, followed by, Europe, Asia Pacific and LAMEA.

Top Trending Topics:
1. Smartwatch Market (Get Full Insights in PDF - 265 Pages) @

2. Digital Signage Market (Get Full Insights in PDF - 299 Pages) @

3. 5G Infrastructure Market (Get Full Insights in PDF - 326 Pages) @

4. Interactive Kiosk Market (Get Full Insights in PDF - 292 Pages) @

The key players profiled in the report are ABB, iRobot Corporation, Grey orange Pte Ltd., Epson America Inc., Rethink Robotics, KuKa, F&P Personal Robotics, SoftBank Robotics, Yaskawa Electric, and Fanuc.

Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Smart Robot Market, By Component
Chapter 5: Smart Robot Market, By Application
Chapter 6: Smart Robot Market, By Industry Vertical
Chapter 7: Smart Robot Market, By Region
Chapter 8: Company Profiles

Buy Now @

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Robot Market Anticipated to Grow $17,561 Million By 2025 at a CAGR of 19.6% | ABB, iRobot Corporation, Epson America Inc. and SoftBank Robotics here

News-ID: 2021214 • Views: 582

More Releases from Allied Market Research

Smart Beacon Market Expected to Reach $103.94 Billion By 2030 at 37.7% CAGR | Gr …
Rise in modern-day communication technologies, surge in investments in proximity marketing, and increase in adoption of smart devices are the factors that drive the global smart beacon market growth. As per the report published by Allied Market Research, the global smart beacon market generated $3.28 billion in 2020, and is estimated to reach $103.94 billion by 2030, witnessing a CAGR of 37.7% from 2021 to 2030. The report provides a
Fantasy Sports Market in Asia-Pacific & Canada is Expected to Reach $3,739.8 Mil …
According to a new report published by Allied Market Research, titled, “Asia-Pacific & Canada Fantasy Sports Market by Sports Type, Platform, and Demographic: Regional Opportunity Analysis and Industry Forecast, 2021–2027,” Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027. Fantasy sport is played using internet where participants
Hammock Market Size Is Projected Reach $639.8 Million By 2030, Registering At A …
Surge in hiking and adventure tourism, rise in demand from residential segment, and expansion of hospitality industry drive the growth of the global hammock market. North America contributed to the highest share in terms of revenue in 2020. The outbreak of the COVID-19 pandemic has resulted in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks. According to the report published by Allied Market Research, the
Cotton Personal-Care Product Market 2021: Top Factors That Are Leading The Deman …
A lead analyst at AMR highlighted the market across Europe region is expected to dominate in terms of revenues throughout the forecast period. Allied Market Research published a research report on the Cotton personal-care product market. The findings of the report states that the global market for Cotton personal-care product is expected to reach $19.15 billion by 2028, manifesting a CAGR of 4.6% from 2020 to 2028. The report provides valuable

All 5 Releases

More Releases for Robot

Global Humanoid Robot Market
Global Humanoid Robot Market was valued US$ 624.2 Mn in 2017 and is estimated to reach US$ 5, 455 Mn by 2026 at a CAGR of about 52.32% during a forecast period. Global humanoid robot market is segmented into the component, motion type, application, and region. On the basis of the component, a market is divided into hardware and software. based on motion type, the market is segmented into biped, wheel
Global Robot Vacuums Market Research
Global Robot Vacuums Market Research in addition, rising interest for automated vacuum cleaners can be ascribed to expanding center around accommodation and the travel industry areas, particularly in creating nations, combined with expanding tendency towards tidiness and cleanliness in the private segment inferable from less time accessibility for family unit errands because of busier ways of life Get sample copy of report: Table of Contents 1 Robot Vacuums Market Overview 1.1 Product Overview
Healthcare Assistive Robot Market Serpentine Study 2025
Global Healthcare Assistive Robot Market: Overview Robots tend to make work easier and give accurate results, thus making work more efficient and to the time it is required to be completed. Due its error-free characteristic, many researches have been conducted across the globe to take the technology further and employ in various sectors. In the healthcare sector, robots have proven to be very useful as they help in overlooking several operations
India’s first banking robot
Taking a cue from a Japanese bank – Bank of Tokyo-Mitsubishi UFJ – Indian banks plan to use robots with artificial intelligence. Kumbakonam-based City Union Bank launched India’s first robot on-site assistant, known as Lakshmi. The robot imitates human action, thereby reducing the response time to customers by up to 60% and improving accuracy tremendously. The bank became the first to deploy robots that can perform repetitive, high volume and time-consuming
YuMi® - the future of human-robot collaboration
London/Zurich, September 9, 2014 – ABB has unveiled the world’s first truly collaborative robot: YuMi®. YuMi is a human-friendly dual arm robot designed for a new era of automation, for example in small parts assembly, where people and robots work hand-in-hand on the same tasks. YuMi is short for ‘you and me,’ working together. YuMi has been developed to meet the flexible and agile production needs of the consumer electronics
HALCON flies with NASA-Robot into Space
At the end of November 2010, the first humanoid robot astronaut flied into space, the Robonaut 2 (R2) which was jointly developed by the NASA and General Motors. R2 takes its visual decisions with the imaging software HALCON by MVTec (Munich, Germany). The Discovery will be launched as mission STS-133 to its very last space flight. Destination of this shuttle mission is the international space station ISS. On board of the