Smart Robots Market: Popular Trends and New Business Opportunities 2021
Smart robot is an artificial intelligent system which is designed to carry out different operations without direct human involvement. Smart robots are generating subsequent demand from industrial as well as service verticals. Smart robots are being designed to perform independent tasks for various industrial, professional, and personal service applications.
The smart robots market is mainly driven by increasing adoption by e-commerce industry coupled with strong demand from domestic service segment. Furthermore, increasing demand from healthcare sector is another key factor expected to propel the market growth in the near future. However, complexity in design along with high cost R&D may hamper the market growth over the years. Nonetheless, rising demand from the educational sector is expected to open up new growth opportunities in the years to come.
The report covers forecast and analysis for the smart robots market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2015 to 2021 based on revenue (USD Million). The report also offers detailed competitive landscape of the global smart robots market using Porter's Five Forces The report also analyzes several driving, restraining and opportunity factors and their impact on the market during the forecast period.
The study provides a decisive view of the smart robots on component segment and region. By component type, the smart robotics market has been segmented into software and hardware. Hardware comprises PC interface kits, sensor, power sources and control system. Hardware was the leading segment in the global smart robots market and is expected to significant growth over the forecast period. By application segment smart robots market is mainly categorized into industrial and service application.
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America and Middle East with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, China and India. The smart robots market was dominated by North America and Europe.
Government initiatives are further expected to boost the market growth in these regions over the forecast period. However, In Asia Pacific region due to the presence of developing countries like China and India is expected to witness growth in forecast period.
The key players in the smart robots market include KUKA AG, ABB Ltd, Kongsberg Maritime, iRobot Corporation, Bluefin Robotics Corporation, Google Inc , Honda Motors, Amazon Inc, De Laval , Lely , ECA Group, Adept Technology Inc, Northrop Grumman Corporation and others.