Smart Robots Market to Expand Substantially Owing to Technological Innovations Growth by Top Global Leader- Aethon, Lely Group, Irobot Corp., Northrop Grumman Corp, Google Inc, Intuitive Surgical Inc, Delaval Group, Honda Motor Co. and Others

Smart robots have substituted man in execution of tasks that are either dangerous or repetitive, where man is in capable of performing owing to body limitations, or tasks that occur in extreme environments such as outer space or the bottom of the sea. Additionally, smart robots are designed to carry out specific tasks for personal, professional, and industrial applications such as elderly assistance, pool cleaning, and robotic pets among others. Smart robots make use of artificial intelligence (AI) and are operational without the need of human inputs. Smart robots can work independently on a specified task and can also work in tandem with human beings in various service and industrial applications.

The global smart robot market is segmented on the basis of application into service robots and industrial robots. Further, the service robots are sub-segmented into professional service robots and personal service robots. Furthermore, professional service robots are used across security & defense, logistics, firefighting, medical, demining, maintenance, inspection, and various other applications, while personal service robots are used across household, leisure, and entertainment applications. Industrial robots are further sub-segmented on the basis of their applications into beverages, food, electronics, and automotive segments. In addition, the global smart robot market is segmented on the basis of components into software and hardware.

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Smart Robots Market Players:

- Aethon Inc.

- Lely Group

- Irobot Corp.

- Northrop Grumman Corp.

- Google Inc.

- Intuitive Surgical Inc.

- Delaval Group

- Honda Motor Co. Ltd.

- Amazon.Com

- KUKA AG

- ABB Ltd.

- Fanuc Corp.

- ECA Group

- Geckosystems Intl. Corp.

- Yaskawa Electric Corp.

- Adept Technology Inc.

- Bluefin Robotics Corp

Within the professional service robot segment, medical domain has been a key growth segment where there is a growing demand for smart hospital delivery and robot surgeons. Comparatively, industrial robots are more popular than service robots and these are anticipated to drive the smart robots market during the forecast period. Moreover, the growth in the deployment of smart robots in the education sector is expected to be a promising prospect for the smart robot vendors.

The noteworthy drivers of smart robots market include adoption of smart robots by e-commerce sector, growing demand from the healthcare industry, the increasing domestic service sector, and the rising demand of robots for elderly assistance. The growing service robot segment is a fundamental part of the advanced computer industry and much of the processing unit, sensor technology, and software is developed by smart robot manufacturers. Contrariwise, the smart robots market is hindered by high initial investment associated with the research & development department activities and reduced pace of commercialization of this technology. Further, the smart robots can be a threat if there is an error in the software algorithm embedded in them. This can have a negative impact, harm the surrounding environment and act as a major hindrance to the market. Additionally, the utilization of smart robots in manufacturing vertical is resulting in growing unemployment problem. These factors are anticipated to restrict the global smart robots market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Smart Robots market based on product and application. It also provides market size and forecast till 2025 for overall Smart Robots market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

Also, key Smart Robots market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

Reason to Buy

- Highlights key business priorities in order to assist companies to realign their business strategies.

- The key findings and recommendations highlight crucial progressive industry trends in the Smart Robots market, thereby allowing players to develop effective long term strategies.

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.