Global Smart Robots Market to grow at a CAGR of 20.65% during 2016-2020

About the Smart Robots Market
Robotic vacuum cleaners emerged in the market in the late 1990s and early 2000s. However, the adoption of robotic vacuum cleaners remained low during the both the periods due to product inefficiencies like limited suction power and random movement pattern to clean floors. However, technological innovations, availability of new advanced products such as infrared sensors, and longer battery life, have gradually increased product efficiency and functionalities. With extensive R&D, several vendors are developing new and advanced robotic vacuum cleaners such as the Wi-Fi-enabled robots and others. Owing to high flexibility, the demand for robotic vacuum cleaners has increased significantly 2011 onwards.
Technavios analysts forecast the global smart robots market to grow at a CAGR of 20.65% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart robots market for 2016-2020. To calculate the market size, the report considered the revenue generated the sale of smart mobile robots, collaborative robots, and personal service robots.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Smart Robots Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
iRobot
LG Electronics
Neato Robotics
Samsung Electronics
Anybots Inc.
Hajime Research Institutes Ltd.
Robosoft Services
Savioke Inc.
Boeing
Israel Aerospace Industries
Lockheed Martin
Northrup Grumman
ABB
KUKA
Rethink Robotics
Universal Robots
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Other prominent vendors
AeroVironment
Aldebaran
Alphabet
Atlas Elektronik
Avatarmind
Bae Systems
Bluefin Robotic
Bobsweep
Boston Dynamics
Dyson
Ecovacs
Fanuc
Fluidra
GeckoSystems
General Dynamics
Hanool Robotics
Hayward
Honda
Infinuvo
Kawada
Kongsberg Maritime
Matsutek Enterprises
Maytronics
Miele
Moneual
Omron
OMRON Adept Technologies
Parrot
Pentair
QinetiQ
SAAB
Sharp
Softbank
Teradyne
Toshiba
Yaskawa Motoman
YUJIN ROBOT
Zodiac International
Market driver

Increase in human labor cost
For a full, detailed list, view our report
Market challenge

Performance limitation of robots due to battery issues
For a full, detailed list, view our report
Market trend

IoT in robotics
For a full, detailed list, view our report
Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.