Smart Robots - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Smart Robots market is accounted for $4.74 billion in 2019 and is expected to reach $35.48 billion by 2027 growing at a CAGR of 28.6% during the forecast period. Some of the key factors propelling the market growth include increasing funding for research on robots, rising integration of IoT in robots for cost-efficient predictive maintenance, growing adoption of robots for new applications, growth of industrial automation, and advancement in robotics for connected and digital world. However, data privacy concerns and stringent regulations are anticipated to hinder the growth of the market.
A smart robot is nothing but an AI (artificial intelligence) system that is capable of gaining knowledge of from its experience and it’s surrounding and building on its abilities on the basis of that knowledge. Smart robots can work in partnership with humans, learning from their behavior and working alongside them. Smart robots have more advantages. Smart robots help in improving people’s lives and keep operations of the company running smoothly. There are various advantages of smart robots such as safety, speed, consistency, perfection, job creation, happier employees, productivity. The smart robots are not only employed in industries, but it finds a vast number of applications in the personal environment such as elderly assistance, pool cleaning, vacuum cleaning, robotic pets, among others.
By application, professional segment is expected to grow at the significant rate during the forecast period, due to increasing demand from logistics management applications. The scope of using robots for professional applications is vast. Professional robots are widely used in field/agricultural applications. The boom in the e-commerce industry has translated into increased demand for robots in warehouses and for delivery. Professional robots have also gained popularity due to COVID-19 as they are increasingly being used for the disinfection of buildings.
On the basis of geography, Asia Pacific region is expected to have considerable market growth during the forecast years, owing to the rising number of robot applications, and the expansion in the semiconductor industries. Asia-Pacific is economically and technologically developed region and countries such as China, Japan, and South Korea are expected to dominate the global smart robots market in the Asia-Pacific region. Also, rise in disposable income and rapid industrialization in developing countries such as India and the Philippines are expected to propel the demand for smart robots. Furthermore, the oil & gas industry in APAC has witnessed significant growth in the past 2–3 years, which is leading to a high demand for autonomous underwater vehicles (AUVs).
Some of the key players in Smart Robots market include iRobot Corporation, Fanuc Corporation, LG Electronics Inc., Delaval Group, Samsung Electronics Co., Ltd., Google Inc., Amazon, Lockheed Martin Corporation, Honda Motors Ltd, The Boeing Company, Yaskawa Electric Corporation, ABB Group, Northrop Grumman Corporation, KUKA Aktiengesellschaft, Universal Robots, and Kawasaki Heavy Industries.
Mobilities Covered:
• Mobile
• Fixed/Stationary
Components Covered:
• Hardware
• Software
• Service
Operating Environments Covered:
• Underwater
• Ground (Surface)
• Air
Applications Covered:
• Professional
• Personal
Types Covered:
• Industrial Robots
• Service Robots
• Smart Mobile Robots
• Education Robots
• Entertainment Robots
• Collaborative Robots
End Users Covered:
• Commercial
• Residential
• Retail
• Energy & Utilities
• Chemicals
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Robots Market, By Mobility
5.1 Introduction
5.2 Mobile
5.3 Fixed/Stationary
6 Global Smart Robots Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Power Sources
6.2.2 Sensors
6.2.2.1 Microphones
6.2.2.2 Vision/Image Sensors
6.2.2.3 Tilt Sensors
6.2.2.4 Gyroscope
6.2.2.5 Position Sensors
6.2.2.6 Force/Torque Sensors
6.2.2.7 Accelerometers
6.2.3 Control Systems
6.2.3.1 Controllers
6.2.3.2 Processors
6.2.4 Personal Computer (PC) Interface Kits
6.2.5 Actuators
6.2.5.1 Hydraulic
6.2.5.2 Pneumatic
6.2.5.3 Ultrasonic
6.2.5.4 Electrical
6.2.5.5 Piezoelectric
6.2.6 Other Hardwares
6.2.6.1 Body Material
6.2.6.2 Other Electronic, Electrical, & Mechanical Components
6.3 Software
6.4 Service
7 Global Smart Robots Market, By Operating Environment
7.1 Introduction
7.2 Underwater
7.3 Ground (Surface)
7.4 Air
8 Global Smart Robots Market, By Application
8.1 Introduction
8.2 Professional
8.2.1 Public Relations
8.2.1.1 Tour Guidance
8.2.1.2 Reception Management
8.2.1.3 Telepresence
8.2.2 Logistics Management and Warehouse
8.2.2.1 Sorting
8.2.2.2 Pick and Place
8.2.3 Field/Agricultural
8.2.4 Healthcare Assistance
8.2.5 Military & Defense
8.2.5.1 Border Security
8.2.5.2 Search and Rescue Operations
8.2.5.3 Spying
8.2.5.4 Combat Operations
8.2.6 Law Enforcement & Justice
8.2.6.1 Riot Control
8.2.6.2 Patrolling
8.2.7 Industrial
8.2.7.1 Material Handling
8.2.7.2 Manufacturing
8.2.7.3 Electronics
8.2.7.4 Metal Fabrication
8.2.7.5 Packaging and Palletizing
8.2.7.6 Automotive
8.2.7.7 Food and Beverages
8.2.8 Sanitation and Disinfection
8.2.9 Welding & Painting
8.2.10 Assembling & Disassembling
8.2.11 Mobility
8.2.12 Firefighting
8.2.13 Medical
8.2.14 Demining
8.2.15 Inspection and Maintenance
8.2.16 Other Professional Applications
8.2.16.1 Professional Cleaning
8.2.16.2 Construction & Demolition
8.3 Personal
8.3.1 Domestic
8.3.2 Education and Entertainment
8.3.3 Companionship
8.3.4 Leisure
8.3.5 Other Personal Applications
8.3.5.1 Home Security and Surveillance
8.3.5.2 Elderly and Handicap Assistance
9 Global Smart Robots Market, By Type
9.1 Introduction
9.2 Industrial Robots
9.3 Service Robots
9.3.1 Commercial Service Robots
9.3.2 Personal and Household Service Robots
9.4 Smart Mobile Robots
9.5 Education Robots
9.6 Entertainment Robots
9.7 Collaborative Robots
10 Global Smart Robots Market, By End User
10.1 Introduction
10.2 Commercial
10.3 Residential
10.4 Retail
10.5 Energy & Utilities
10.6 Chemicals
11 Global Smart Robots Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 iRobot Corporation
13.2 Fanuc Corporation
13.3 LG Electronics Inc.
13.4 Delaval Group
13.5 Samsung Electronics Co., Ltd.
13.6 Google Inc.
13.7 Amazon
13.8 Lockheed Martin Corporation
13.9 Honda Motors Ltd
13.10 The Boeing Company
13.11 Yaskawa Electric Corporation
13.12 ABB Group
13.13 Northrop Grumman Corporation
13.14 KUKA Aktiengesellschaft
13.15 Universal Robots
13.16 Kawasaki Heavy Industries
List of Tables
1 Global Smart Robots Market Outlook, By Region (2018-2027) ($MN)
2 Global Smart Robots Market Outlook, By Mobility (2018-2027) ($MN)
3 Global Smart Robots Market Outlook, By Mobile (2018-2027) ($MN)
4 Global Smart Robots Market Outlook, By Fixed/Stationary (2018-2027) ($MN)
5 Global Smart Robots Market Outlook, By Component (2018-2027) ($MN)
6 Global Smart Robots Market Outlook, By Hardware (2018-2027) ($MN)
7 Global Smart Robots Market Outlook, By Power Sources (2018-2027) ($MN)
8 Global Smart Robots Market Outlook, By Sensors (2018-2027) ($MN)
9 Global Smart Robots Market Outlook, By Control Systems (2018-2027) ($MN)
10 Global Smart Robots Market Outlook, By Personal Computer (PC) Interface Kits (2018-2027) ($MN)
11 Global Smart Robots Market Outlook, By Actuators (2018-2027) ($MN)
12 Global Smart Robots Market Outlook, By Other Hardwares (2018-2027) ($MN)
13 Global Smart Robots Market Outlook, By Software (2018-2027) ($MN)
14 Global Smart Robots Market Outlook, By Service (2018-2027) ($MN)
15 Global Smart Robots Market Outlook, By Operating Environment (2018-2027) ($MN)
16 Global Smart Robots Market Outlook, By Underwater (2018-2027) ($MN)
17 Global Smart Robots Market Outlook, By Ground (Surface) (2018-2027) ($MN)
18 Global Smart Robots Market Outlook, By Air (2018-2027) ($MN)
19 Global Smart Robots Market Outlook, By Application (2018-2027) ($MN)
20 Global Smart Robots Market Outlook, By Professional (2018-2027) ($MN)
21 Global Smart Robots Market Outlook, By Public Relations (2018-2027) ($MN)
22 Global Smart Robots Market Outlook, By Logistics Management and Warehouse (2018-2027) ($MN)
23 Global Smart Robots Market Outlook, By Field/Agricultural (2018-2027) ($MN)
24 Global Smart Robots Market Outlook, By Healthcare Assistance (2018-2027) ($MN)
25 Global Smart Robots Market Outlook, By Military & Defense (2018-2027) ($MN)
26 Global Smart Robots Market Outlook, By Law Enforcement & Justice (2018-2027) ($MN)
27 Global Smart Robots Market Outlook, By Industrial (2018-2027) ($MN)
28 Global Smart Robots Market Outlook, By Sanitation and Disinfection (2018-2027) ($MN)
29 Global Smart Robots Market Outlook, By Welding & Painting (2018-2027) ($MN)
30 Global Smart Robots Market Outlook, By Assembling & Disassembling (2018-2027) ($MN)
31 Global Smart Robots Market Outlook, By Mobility (2018-2027) ($MN)
32 Global Smart Robots Market Outlook, By Firefighting (2018-2027) ($MN)
33 Global Smart Robots Market Outlook, By Medical (2018-2027) ($MN)
34 Global Smart Robots Market Outlook, By Demining (2018-2027) ($MN)
35 Global Smart Robots Market Outlook, By Inspection and Maintenance (2018-2027) ($MN)
36 Global Smart Robots Market Outlook, By Other Professional Applications (2018-2027) ($MN)
37 Global Smart Robots Market Outlook, By Personal (2018-2027) ($MN)
38 Global Smart Robots Market Outlook, By Domestic (2018-2027) ($MN)
39 Global Smart Robots Market Outlook, By Education and Entertainment (2018-2027) ($MN)
40 Global Smart Robots Market Outlook, By Companionship (2018-2027) ($MN)
41 Global Smart Robots Market Outlook, By Leisure (2018-2027) ($MN)
42 Global Smart Robots Market Outlook, By Other Personal Applications (2018-2027) ($MN)
43 Global Smart Robots Market Outlook, By Type (2018-2027) ($MN)
44 Global Smart Robots Market Outlook, By Industrial Robots (2018-2027) ($MN)
45 Global Smart Robots Market Outlook, By Service Robots (2018-2027) ($MN)
46 Global Smart Robots Market Outlook, By Commercial Service Robot (2018-2027) ($MN)
47 Global Smart Robots Market Outlook, By Personal and Household Service Robots (2018-2027) ($MN)
48 Global Smart Robots Market Outlook, By Smart Mobile Robots (2018-2027) ($MN)
49 Global Smart Robots Market Outlook, By Education Robots (2018-2027) ($MN)
50 Global Smart Robots Market Outlook, By Entertainment Robots (2018-2027) ($MN)
51 Global Smart Robots Market Outlook, By Collaborative Robots (2018-2027) ($MN)
52 Global Smart Robots Market Outlook, By End User (2018-2027) ($MN)
53 Global Smart Robots Market Outlook, By Commercial (2018-2027) ($MN)
54 Global Smart Robots Market Outlook, By Residential (2018-2027) ($MN)
55 Global Smart Robots Market Outlook, By Retail (2018-2027) ($MN)
56 Global Smart Robots Market Outlook, By Energy & Utilities (2018-2027) ($MN)
57 Global Smart Robots Market Outlook, By Chemicals (2018-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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