Smart Robots Market Is Expected Significant Growth, Forecast From 2024 to 2031

The Smart Robot Market is experiencing rapid growth, driven by advancements in artificial intelligence (AI), machine learning, and sensor technologies. Smart robots, equipped with cognitive capabilities and real-time data processing, are being deployed across industries for tasks ranging from manufacturing and healthcare to customer service and logistics. These robots are designed to interact with their environments and humans autonomously, improving efficiency, precision, and safety in various applications. As automation becomes more integral to business operations and everyday life, the smart robot market is poised for substantial expansion, fueled by innovation and growing demand for intelligent, adaptable robotic systems.

Market Size and Growth:

Smart Robot Market size was valued at USD 10.3 Billion in 2022 and is poised to grow from USD 13.5 Billion in 2023 to USD 51.2 Billion by 2031, growing at a CAGR of 16.4% during the forecast period (2024-2031).

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Key Market Players:

SoftBank Corp
GeckoSystems Intl. Corp.
Aethon, Inc.
Neato Robotics, Inc.
Samsung Electronics Co., Ltd
ABB Ltd
KUKA Aktiengesellschaft
FANUC CORPORATION
Hanson Robotics Limited
YASKAWA ELECTRIC CORPORATION
BLUE FROG ROBOTICS SAS
Kongsberg Gruppen ASA
Universal Robots A/S
ECA GROUP
iRobot Corporation
DeLaval Inc.
Intuitive Surgical, Inc
Rethink Robotics GmbH
Honda Motor Co., Ltd.
Orion Star

Regional Segmentation:

North America: U.S., Canada and Mexico
Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
South America: Brazil, Argentina, and Rest of Latin America
Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa

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Segments covered in Smart Robots Market are as follows:

Component
Hardware (Sensor, Actuator, Power Source, Control System), Software and Services
Type
Personal/Domestic Robots, and Professional Robots
Mobility
Mobile, and Fixed/Stationary
Application
Inspection and Maintenance, Material Handling and Sorting, Security and Surveillance, Education and Entertainment, Sanitation and Disinfection, and Others
Operating Environment
Ground, and Underwater
End-User
Manufacturing, Healthcare, Agriculture, Military and Défense, Logistics and Warehouse, Education and Entertainment, and Others.

Smart Robots Market Size And Scope

The Smart Robots market has experienced notable growth in recent years, propelled by the rising demand for power electronics across various sectors, including automotive, telecommunications, and renewable energy. This market is poised for further expansion as the global adoption of electric vehicles and renewable energy sources accelerates. Smart Robots are highly valued for their exceptional thermal conductivity, electrical insulation, and mechanical strength, making them indispensable in power modules and electronic components. With ongoing advancements in technology and manufacturing, the applications of Smart Robots are expected to broaden, extending their reach into an even wider array of uses in the near future.

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FAQs: -

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This release was published on openPR.