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Smart Robot Market

The Global Smart Robot Market is expected to value at $4,057 million in 2017, and is projected to reach $17,561 million by 2025, registering a CAGR of 19.6% from 2018 to 2025. The hardware segment is estimated to generate the highest revenue in the global smart robot market in 2018.

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Smart Robot Market

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  1. Smart Robot Market Is Projected To Reach $17,561 Million By 2025 | CAGR 19.6 Smart Robot Market By Component (Hardware And Software), Application (Welding & Painting, Assembling & Disassembling, Mobility, Inspection & Security And Others), Industry Vertical (Automotive, Manufacturing, Electrical & Electronic, Food & Beverage, Chemical, Residential, And Others) - Global Opportunity Analysis And Industry Forecast, 2018-2025

  2. Smart Robot Market Overview: • The Global Smart Robot Market is expected to value at $4,057 million in 2017, and is projected to reach $17,561 million by 2025, registering a CAGR of 19.6% from 2018 to 2025. Smart robot is designed to carry out various operations without interference of the humans. A smart robot uses an artificial intelligence (AI) system that can learn from its environment and its experience. Smart robots can collaborate, work together and learn from the behavior of humans. • Request Sample Report: • The growth of the smart robot market is driven by rise in industrial automation, advancement of robotics for connected and digital world, and strong government funding for automation solutions. However, high manufacturing cost and insecure connections with robots limit the market growth. On the contrary, rise in developments of smart homes, increase in concern of workplace safety is anticipated to provide lucrative growth opportunities for the market.

  3. Key Players Operating In The Global Smart Robot Market. • ABB, Grey orange pte ltd, Epson America, Inc., KuKa, F&P Personal Robotics, YaskawaElectric, Cyberdyne, and Fanuc are some of the key players operating in the global smart robot market.

  4. Top Impacting Factors • Developments in automotive sector, use of robots in agriculture sector and government regulation boost the growth of the smart robot market. In addition, factors such as growth in industrial automation, advancement of robotics for connected and digital world, and strong government funding for automation solutions, high manufacturing cost, insecure connections with robots, difficulty of reprogramming, regular maintenance, and software updates of the system are anticipated to either drive or hamper the market growth.

  5. Key Benefits For Stakeholders • This study comprises of the analytical depiction of the global smart robot market with current trends and future estimations to depict the imminent investment pockets. • The overall market potential is determined to understand the profitable trends to gain a stronger foothold. • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis. • The current market is quantitatively analyzed from 2018 to 2025 to benchmark the financial competency. • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

  6. Growth Of Industrial Automation • Several industries such as manufacturing, healthcare, automobile, and construction are rapidly adopting industrial automation. This leads to increase in adoption of smart robots due to their highly stable and accurate performance. The main reason for such adoption is to have better quality, and safety in terms of injuries that arise from machineries. In manufacturing and production line of the industry, smart robots are deliberately used to move materials and perform a variety of programmed tasks. • Moreover, around 40% of the robots are used for the application of material handling in most of the industries. A dangerous task is done through the robots that improves the workers safety along with the efficiency in the construction industry. For instance, Komatsu a general machine manufacturing company has developed a multi-purpose drone and bulldozer automation system, especially for the construction industry. This drone flies above a construction site and is used for monitoring delivery, inventory, and overall progress. This trend is expected to significantly drive the smart robot market in future.

  7. Smart Robot Market Key Segments: By Industry Vertical By Component By Application Welding & painting Assembling & disassembling Mobility Inspection & Security Others • Automotive • Manufacturing • Electrical E& lectronic • Food & Beverage • Chemical • Residential • Others • Hardware • Sensor • Gyroscope • Accelerometer • Force/Torque sensor • Vision/Image Sensor • Others • Actuator • Power Source • Control System • Others • Software

  8. By Region • North America • U.S. • Canada • Mexico • Europe • UK • Germany • France • Russia • Rest of Europe • Asia-Pacific • China • India • Japan • South Korea • Rest of Asia-Pacific • LAMEA • Latin America • Middle East • Africa

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