Smart Robot Market Report 2022-2027 | Industry Trends, Size, Share and Forecast

According to the latest report by IMARC Group, titled, “Smart Robot Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global smart robot market reached a value of US$ 8.94 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 24.28 Billion by 2027, exhibiting at a CAGR of 17.9% during 2022-2027.

Smart robots are artificial intelligence (AI) systems that have been merged with modern technology such as machine learning (ML), sensors, and deep learning (DL). They are capable of working together and changing human behaviour to do cognitive and manual labour tasks. As a result, they are widely used in industrial settings to automate manufacturing processes.

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Market Trends

One of the important drivers driving the market is the increased acceptance of autonomous robots for professional services, which coincides with new robotics technology advances. In addition, a number of retailers are relying on in-store robots to recognise actions in real time, aid operators, and eliminate human errors. Aside from that, the use of service-enabled robots in the healthcare business is on the rise to help with difficult procedures, testing, and diagnostics. This, together with the rising prevalence of chronic diseases, is driving up sales of intelligent robots, which help people with cognitive, sensory, and motor impairments.

NoteWe are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

§  ABB Ltd.

§  F&P Robotics AG

§  Fanuc Corporation

§  Hanson Robotics Limited

§  Honda Motor Co. Ltd

§  iRobot Corporation

§  KUKA AG (Midea Group)

§  Neato Robotics Inc. (Vorwerk)

§  Rethink Robotics GmbH

§  Samsung Electronics Co. Ltd.

§  Seiko Epson Corporation

§  SoftBank Robotics Corp

§  Yaskawa Electric Corporation.

Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/smart-robot-market

The report has segmented the market based on component, mobility, application and vertical.

Breakup by Component:

§  Hardware

§  Software

§  Services

Breakup by Mobility:

§  Stationary

§  Mobile

Breakup by Application:

§  Welding and Painting

§  Assembling and Disassembling

§  Material Handling and Sorting

§  Inspection and Security

§  Others

Breakup by Vertical:

§  Automotive

§  Manufacturing

§  Electrical and Electronics

§  Food and Beverages

§  Chemical

§  Residential

§  Others

Breakup by Region:

§  North America

§  Asia-Pacific

§  Europe

§  Latin America

§  Middle East and Africa

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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