Smart Robots Market, By Component (Hardware and Software), By Mobility (Stationary and Mobile), By Operating Environment (Ground and Underwater), By Application (Personal and Domestic and Professional), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Forecast till 2029

Smart robot is a 3D perception and artificial intelligence device to augment and assist humans in smart factories. Mainly there are two available system solutions smart robots for quality control and smart robots for human-robot collaboration. The system, thanks to the 3D vision, detect operators’ hands, and recognizes actions in real-time. The rightness of human operations is authenticated by the comparison with a sequence which is well defined; different types of feedback to the operator can be provided regarding the correctness of the procedures. Three good reasons to use smart robots are to reduce the costs related to waste and rework up to 90% through the reduction of human error, to reduce the learning time to 50% and rotate the jobs without losing efficiency.

COVID-19 Impact on the Market:

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the production segment. Government across the countries has imposed strict lockdown to limit the spread of disease. However, increasing investments by prominent players and other industries has created growth opportunities, during this chaotic situation, to fulfil the demand of suppliers. This report will measure the impact of this pandemic on the smart robot market.

Rising integration of internet of things in robots for efficient cost prediction and maintenance

Through the “internet of things” (IoT) digital networking of different machines, systems and robots are used to form integrated processes which are pretty smart. Future maintenance is a prediction of possible issues before they are caused. An IoT-based solution allows storing of massive data (terabytes) and using the machine learning algorithms on many computers parallelly. This helps in predicting the possible hazards and pinpoint the failure of the system.

COVID-19 pandemic prompting several industries to adopt automation technologies

Post-COVID-19, manufacturers are anticipated to expand in-house manufacturing via automation preferably than outsource manufacture to reduce global supply chain chances in the future. For instance, SCARA robots market to grow at the highest CAGR during the forecast period.

Global smart robot market is segmented based upon the by component, mobility, operating environment, application, and by region.

Depending upon the component, the global smart robot market is categorized into hardware and software. Depending upon the mobility, the global market is categorized into stationary and mobile. Depending upon the operating environment, the target market is categorized into ground and underwater.  Depending upon the application, the target market is categorized into personal and domestic and professional.

Regional Insights:

Regionally, the overall industry is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America smart robot market held a dominant position in 2019. In terms of value, it was followed by Europe. The Asia Pacific is expected to witness positive growth owing to increased government funding for research in the life science sector, increasing demand for products and the rising presence of smart robot companies in the region.

Report Scope:

Segments Covered in the Report:

This report predication revenue growth at global, regional, country levels and serves the analysis of the recent trends and opportunities in each of the sub-segments.  For this study, has segmented the global Smart Robot market, by component, by mobility, by operating environment, by application, and by region.

Global Smart Robot Market, By Component,

• Hardware
  • Sensors
  • Actuators
  • Power sources
  • Control systems
  • Others
• Software

Global Smart Robot Market, By Mobility

• Stationary
• Mobile

Global Smart Robot Market, By Operating Environment

• Ground
• Underwater

Global Smart Robot Market, By Application

• Personal and Domestic
• Professional

Global Smart Robot Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating in global smart robot market include iRobot, SoftBank Robotics Group, ABB, KUKA, FANUC, Hanson Robotics, Amazon, YASKAWA, BLUE FROG ROBOTICS, Kongsberg Maritime, Universal Robots, ECA GROUP, DeLaval, Intuitive Surgical, Neato robotics, Bluefin Robotics, Rethink Robotics, Aethon, Samsung Electronics, and GeckoSystems. Prominent players are adopting various startergies to expand their market presence. For instance, in February 2020, ABB and Silicon Valley start-up Covariant (U.S.) partnered to work on warehouse robotics for e-commerce companies like Amazon Inc. (U.S.) and Alibaba Group Holding Ltd. (China).

• • iRobot

• • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• • SoftBank
  • Robotics Group
  • ABB
  • KUKA
  • FANUC
  • Hanson Robotics
  • Amazon
  • YASKAWA
  • BLUE FROG ROBOTICS