Smart Robot Market to Hit USD 42.7 Bn by 2029: Competitive Landscape, Industry Analysis, New Opportunities, Dynamics and Regional Insights
Pune 13 April 2023: The “Smart Robot Market” was USD 7.9 Bn in 2021 and is expected to grow at a CAGR of 23.48 percent to reach USD 42.7 Bn by 2029 during the forecast period. The Smart Robot Market report is published by Maximize Market Research and is available in the market.
Smart Robot Market Scope and Research Methodology
The report contains a comprehensive analysis of the global Smart Robot market’s trends, forecasts, and monetary values. The report provides an in-depth analysis of the segments and sub-segments in global and regional Smart Robot markets. The report contains a bottom-up approach to understanding estimations of the market size. Key market participants and new entrants’ services, revenue, financial status, portfolio, growth strategies, and regional presence are all included in the Smart Robot Market report. The report forecasts the market size and growth rate along with existing and future trends in the Smart Robot market.
The Smart Robot market report provides demand projections, market trends, and micro and macro factors in depth. It also identifies the factors that are driving and restricting the Smart Robot market’s growth. The qualitative and quantitative methods are included in the report. Research using SWOT, PESTLE, and Porter’s Five Force tools are used for the analysis of the Smart Robot market. The analysis identified key upcoming developments that are expected to influence Smart Robot market demand over the forecast period.
Smart Robot Market Dynamics
The adoption of the Internet of Things (IoT) digital networking of several machines, robots and systems from the integrated smart processes. Predictive maintenance forecasts the issues before they happen. As a result, increasing integration of the IoT in robots for cost-efficient predictive maintenance helps to drive the growth of the Smart Robot Market.
The Smart Robot Market is driven by the increasing demand for smart robots in nonindustrial applications, growing adoption of autonomous robots in professional services, strong government funding for automation solutions, increasing development of smart homes, use of robots in agricultural sectors and industrial automation. During the forecast period, the Smart Robot Market is expected to be hampered by data privacy concerns and stringent regulations.
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Smart Robot Market Regional Insights
North America dominated the Smart Robot Market with a significant market share in 2021. The regional market is driven by developments in robotics technology, growing adoption of autonomous robots for professional services, increasing investment and increasing demand from end-use industries such as automotive, healthcare and manufacturing. The United States is the major user of smart Robot technology and the producer of smart robot systems.
During the forecast period, the Asia Pacific is expected to grow at 8.03 percent for the Smart Robot Market. The presence of smart robot vendors, the increasing awareness regarding innovative manufacturing techniques and the growing interest of foreign investors are the growth contributors to the regional market.
Smart Robot Market Segmentation
By Components
- Hardware
- Software
By Industry
- Automotive
- Healthcare
- Manufacturing
- Food and Beverages
- Retail
- Energy & Utility
- Others
By Application
- Industrial
- Service
Smart Robot Market Key Players Include:
- iRobot Corporation (US)
- Omron Adept Technology, Inc. (US)
- Intuitive Surgical, Inc. (US)
- ST Engineering Aethon, Inc. (US)
- Gecko Systems International Corporation (US)
- Delaval, Inc (US)
- Brain Corporation (US)
- Neato Robotics (US)
- Greyorange (US)
- SoftBank Group (Japan)
- Honda Motor Co., Ltd. (Japan)
- Yaskawa Electric Corporation (Japan)
- FANUC (Japan)
- Cyberdyne (Japan)
- Hanson Robotics Limited (Hong Kong)
- Samsung Electronics Co., Ltd. (South Korea)
- KUKA AG (Germany)
- Rethink Robotics (Germany)
- Eca Robotics (France)
- Blue Frog Robotics (France)
- Ganymed Robotics (France)
- Smart Robots S.r.l. (Italy)
- ABB Ltd. (Switzerland)
- Lely Industries N.V. (Netherlands)
- Kongsberg Maritime (Norway)
- Universal Robots (Denmark)
Table of Content for Global Smart Robot Market:
- Global Smart Robot Market: Research Methodology
- Global Smart Robot Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Smart Robot Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Smart Robot Market Segmentation
- Global Market, by Components (2021-2029)
- Global Market, by Industry (2021-2029)
- Global Market, by Application (2021-2029)
- Regional Smart Robot Market (2022-2029)
- Regional Market, by Components (2021-2029)
- Regional Market, by Industry (2021-2029)
- Regional Market, by Application (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis of the Components, Industry, Application and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Recommendations
Key questions answered in the Smart Robot Market are:
- What is Smart Robot?
- What was the Smart Robot market size in 2021?
- What is the growth rate of the Smart Robot Market?
- Which are the factors expected to drive the Smart Robot market growth?
- What are the different segments of the Smart Robot Market?
- What are the factors restraining the growth of the Smart Robot Market?
- What is the demand pattern of the Smart Robot Market?
- What major challenges could the Smart Robot Market face in the future?
- What segments are covered in the Smart Robot Market?
- Who are the key players in the Global Smart Robot market?
- What are the upcoming industry applications and trends for the Smart Robot Market?
Maximize Market Research is leading Electronics research firm, has also published the following reports:
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Robotic Process Automation for Smartphone Manufacturing Market – The market size is expected to reach USD 19.70 Bn by 2029 at a CAGR of 20.83 percent during the forecast period. The market is driven by the increasing demand for smartphones by customers, the rising deployment of IoT in the manufacturing process and the increasing smartphone integration platform.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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