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Smart Robots Market

Smart Robots - Global Market Outlook (2019-2027)

4.7 (99 reviews)
Published: March 2021 ID: SMRC20284
4.7 (99 reviews)
Published: March 2021 ID: SMRC20284

This report covers the impact of COVID-19 on this global market
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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

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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