Press release
Smart Robot Market 2021 Reach Valued At $ 31.11 billion And Grow At A 23.1% CAGR Forecast To 2028 | Fortune Business Insights.
Smart Robot Market 2021-2028
New study report ” Smart Robot Market 2021 Global Market Opportunities, Challenges, Strategies, and Forecasts 2028″ has been added to Fortune Business Insights.
Market Overview-
The global smart robot market size is expected to reach USD 31.11 billion by 2027, exhibiting a CAGR of 23.1% during the forecast period. Rapid industrialization coupled with intelligent infrastructure projects will contribute positively to the growth of the market, states Fortune Business Insights, in a report, titled “Smart Robot Market Size, Share & COVID-19 Impact Analysis, By Type (Personal/Domestic Robots and Professional Robots), By Mobility (Mobile, Fixed/Stationary), By Application (Inspection and Maintenance, Material Handling and Sorting, Security and Surveillance, Education and Entertainment, Sanitation and Disinfection, and Others), By End User (Manufacturing, Healthcare, Agriculture, Military and Defense, Logistics and Warehouse, Education and Entertainment, Others), and Regional Forecast, 2020-2027.” The market size stood at USD 5.98 billion in 2019.
The occurrence of coronavirus has caused enormous damage to various businesses across the world. We understand that this health emergency has negatively impacted multiple sectors across the globe. Rising support from governments and several companies can help in the fight against this highly infectious virus. There are some industries that are struggling, and some are thriving. More or less, nearly every sector is estimated to be impacted by this pandemic.
Key Players-
The key players have an essential part to play in fostering the product improvement as per the demand of the consumers with ample supply in particular regions. The well-known brands are also acknowledged and aware of the potential links with the global Smart Robot Market 2021-2028 for showing a prominent place to the key players in the market.
Top Key Players in this market are:
SoftBank Corp (Tokyo, Japan)
GeckoSystems Intl. Corp. (Georgia, United States)
Aethon, Inc. (Pittsburgh, Pennsylvania, United States)
Neato Robotics, Inc. (San Jose, California, United States)
Samsung Electronics Co., Ltd (Suwon, Korea)
ABB Ltd (Zürich, Switzerland)
KUKA Aktiengesellschaft (Augsburg, Germany)
FANUC CORPORATION (Oshino, Yamanashi, Japan)
Hanson Robotics Limited (Hong Kong)
YASKAWA ELECTRIC CORPORATION (Kitakyushu, Fukuoka, Japan)
BLUE FROG ROBOTICS SAS (Paris, France)
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Market Driver:
Integration of AI in Advanced Robots to Boost Adoption
The advent of artificial intelligence (AI) in robotics has transformed the dynamics of industrial technology. AI-powered robots can determine, acclimatize, and act in more and more complex environments or situations. AI simulators have increasingly become accurate to drive real-world applications efficiently. These simulators can run hundreds of iterative processes within seconds, generating massive amounts of valuable data. The growing popularity of AI-powered intelligent robotics will have a tremendous impact on the market. The evolving technologies in artificial intelligence have made interactions and processes with humans more profound. AI robots have become more accurate, smarter, and more profitable for industrial operations, which, in turn, will enable speedy expansion of the market.
Coronavirus: No-Touch Policy to Incite Robots Demand Amid Pandemic
The global COVID-19 crisis has intensified the demand for intelligent robots in the healthcare industry. The policies pertaining to coronavirus such as social-distancing, no-touch, and mandatory masks will heighten the need for robots in various sectors, especially healthcare. For instance, Doctors are utilizing robots to assist and automate the testing, diagnosis, and treatment of the COVID-infected patient. The increasing number of coronavirus-infected patients has consequently elevated the requirement for robots. Various hospitals have started using robots to treat infected patients distantly and effectively. As per the press released by ABB, Ltd in October 2020, high precision robots have been implemented at testing laboratories in Singapore to enhance and speed-up the COVID-19 testing process. Similarly, the Danish robot manufacturing company called ‘UVD Robots’ has shipped hundreds of ultraviolet-light disinfection robots to hospitals in Europe and China.
REGIONAL INSIGHTS:
Ongoing Industrialization to Foster Growth in Asia Pacific
The market for smart robot in Asia Pacific is expected to witness a rapid growth rate during the forecast period. The increasing adoption robots in China and South Korea will promote expansion in Asia Pacific. The development of robotic technologies can have a tremendous impact on the market in the region. As per the ‘Robot-ready: adopting a new generation of industrial robots report’ published by the PWC in June 2018, china has recorded the shipments of 115,000 industrial robots in 2017. South Korea, Japan, Singapore, and China are leading in the production and usage of industrial robots. The rising industrialization in developing countries will facilitate the healthy growth of the market in Asia Pacific. Europe is expected to expand radically during the forecast period owing to the industrial automation in various European countries.
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The report on the smart robot market features:
Extraordinary insights into the market
All-inclusive facts and figures
Latest industry development
Data about the prominent players
Dominating regions in the market
COVID-19 effect on the global market
Table of Content:
1.Introduction
2.Key Takeaways
3.Market Dynamics
4.Competition Landscape
5.Key Market Insights and Strategic Recommendations
6.Profiles of Key Players (Would be provided for 10 players only)
7.Primary Interview Responses
8.Annexure / Appendix
9.Companies Analyzed (In order to estimate the market size and/or understanding the market ecosystem)
Continue….
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
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