Smart Robots Market Size, Share, Growth & Industry Report, 2020-2027

The GMI Research's latest analysis reveals that the Smart Robots Market is slated to register a significant CAGR over the forecast period. This is attributed to the strong penetration of industrial automation and the rapid technological developments in robotics and the introduction of advanced technology, including deep learning and the Internet of things (IoT) in smart robots.

DUBLIN, DUBLIN -- (SBWIRE) -- 03/09/2021 -- Smart Robots Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)

Key Drivers

The strong penetration of industrial automation and the rising acceptance of autonomous robots for professional services are the major factors contributing to the growth of the smart robots market size. Moreover, the rapid technological developments in the field of robotics and the introduction of advanced technology, including deep learning, machine learning, and the Internet of things (IoT) in smart robots, is further surging the growth of the smart robots market share in terms of revenue. Smart robots consist of artificial intelligence, which allows them to be functional and perform their tasks on their own. Smart robots are being largely utilized for commercial, industrial, and residential applications and are employed in the numerous industrial sector that includes healthcare, automotive, retail, manufacturing, and process industries such as metal and mining, food & beverages, and energy and utilities. All these drivers are further bolstering the demand of the market during the forecast period.

Smart robots are equipped with a high-sensitive industry which monitors the surrounding environment and provides feature like self-correction and self-learning utilizing deep learning technology. The outbreak of the COVID-19 pandemic is bringing various growth opportunities for the market. The increasing focus on maintaining social distance and staying at home is widely affecting the total number of the working population, which in turn, is promoting the manufacturers to opt for smart robots to perform the manual tasks generally done by the workers. On the other hand, high initial research and development expenditure and manufacturing costs will hinder the growth of the market.

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Smart Robots Market's leading Manufacturers:

- iRobot Corporation
- KUKA AG
- Fanuc Corporation
- ABB Ltd.
- Yaskawa Electric Corporation
- Panasonic Industry Europe GmbH
- OTC Daihen, Inc.
- Kawasaki Heavy Industries
- Omron Adept Technologies, Inc.
- SoftBank Robotics

Application Segment Drivers

Based on the application, the professional application is predicted to rise at a faster rate over the coming years due to the strong demand for smart robots in the defense and marine industry to prevent the border of the nation. The professional segment includes law enforcement, industrial, defense and security, field & agriculture, logistics management, public relations, healthcare assistance, inspection & maintenance, and others. In addition to this, the rising manufacturing process complexity and miniaturization of semiconductor and electronics equipment are increasing the adoption of AI-enabled smart industrial robots, which will further support the growth of the market.

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Smart Robots Market Segmentation:

Segmentation by Component:

- Hardware

o Sensor
o Actuator
o Power Source
o Control System
o Others

- Software

Segmentation by Mobility:

- Stationary
- Mobile

Segmentation by End-Use:

- Industrial
- Commercial
- Residential

Segmentation by Application:

- Personal and Domestic

o Companionship
o Education and Entertainment
o Domestic
o Others
? Elderly and Handicap Assistance
? Home Security and Surveillance

- Professional

o Military & Defense
? Spying
? Search and Rescue Operations
? Border Security
? Combat Operations
o Law Enforcement
? Patrolling
? Riot Control
o Public Relations
? Reception Management
? Tour Guidance
? Telepresence
o Logistics Management
? Pick and Place
? Sorting
o Industrial
? Manufacturing
? Material Handling
o Inspection and Maintenance
o Field/Agriculture
o Healthcare Assistance
o Others

Segmentation by Region:

- North America
o United States of America
o Canada

- Asia Pacific

o China
o Japan
o India
o Rest of APAC

- Europe

o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

- RoW

o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is one of the leading market research and consulting company that offers consulting services, syndicated research reports, and customized market research reports. We help our client to make informed business decisions and provide market intelligence studies related to the various industries such as automotive, energy, healthcare, chemicals, technology, and other sectors. Our research teams include seasoned analysts and researchers have hands-on experience in every regions, including Asia-pacific, Europe, North America, and the Rest of the World. Our market research report provides in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, factors impacting the market growth, and several other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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