Market Overview:
The global smart robotics market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial robots, junior intelligent robots, and agricultural robots across various industries. Additionally, the growing adoption of escort robots for personal and home security applications is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market in some regions. On the basis of type, industrial robot held a major share of the global smart robotics market in 2017. This segment is expected to maintain its dominance during the forecast period owing to rising demand from automotive and engineering industries across different regions. Junior intelligent robot is projected to be one of fastest-growing segments during 2018-2030 due its increasing adoption by schools and research institutes for educational purposes.
Product Definition:
Smart robotics is the application of artificial intelligence (AI) and machine learning to robots, making them more capable of performing complex tasks and making decisions on their own. The importance of smart robotics is that it enables robots to work more effectively alongside humans in a variety of settings, from manufacturing plants to hospitals.
Industrial Robot:
Industrial robot is a computer-controlled device, which performs tasks automatically. It is used in various industries including automotive & transportation, food & beverages and chemical. The global industrial robot market was valued at USD 623 million in 2012 and is expected to grow at a CAGR of XX% from 2013 to 2020. Major factors driving the growth include increasing demand for automation in manufacturing processes coupled with growing need for reducing operational cost by eliminating human errors that occur during production process.
Junior Intelligent Robot:
The global Junior Intelligent Robot (JIR) market size was valued at USD 4.5 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for automation in manufacturing, healthcare, defense & security sectors is anticipated to drive the growth of this industry.
The rising need for process optimization.
Application Insights:
The aerospace application segment accounted for the largest revenue share of over 30% in 2017. The growth can be attributed to increasing demand for passenger travel and military aircraft, which require a high number of complex parts manufactured using robots. Moreover, the need to replace large numbers of workers with robots is expected to drive the demand further.
The pharmaceuticals application segment is anticipated to witness significant growth over the forecast period owing to increasing use in packaging and testing operations as well as robot-assisted surgery systems. In addition, rising adoption across R&D centers and laboratories is expected fuel market growth over the coming years. Furthermore, technological advancements such as increased efficiency coupled with growing acceptance are likely drive industry expansion further during this period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing investments by governments and manufacturers in countries such as China, Japan, South Korea, India and Australia. For instance; In January 2018; Panasonic Corporation invested USD X million for expanding its automotive production plant in India. The expansion project includes addition of 700 jobs at the plant along with other facilities including research & development activities for manufacturing electric vehicles under new brands such as R&D Centre’s EVIL (Electric Vehicles Integrated Laboratory) and HALT (High-Tech automobile Factory).
The European market was valued at over USD X billion in 2017 owing to growing demand from end-use industries coupled with favorable government regulations regarding safety standards set by international organizations like Robotics Industry Association (RIA), International Organization of Motor Vehicle Manufacturers (OICA) among others.
Growth Factors:
- Increasing demand for automation in manufacturing and logistics industry
- Rising labor costs in developed countries
- Growing demand from small and medium-sized enterprises (SMEs)
- Rapid technological advancements in robotics industry
- Increasing investment by venture capitalists and private equity firms
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Robotics Market Research Report
By Type
Industrial Robot, Junior Intelligent Robot, Intelligent Agricultural Robot, Escort Robot
By Application
Aerospace, Pharmaceuticals, Food Processing, Engineering, Automotive, Textile, Agriculture, Other
By Companies
Espon US, Banner Engineering, B+M Surface Systems, Omron Adept, Fanuc Global, Yaskawa, KUKA AG, Agrobot, Kawasaki Robotics, Staubli, Denso Robotics, Nachi Fujikoshi, Comau, Universal Robots, Wittmann Battenfeld Group, Epson US, IGM, Siasun, Rethink Robotics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Smart Robotics Market Report Segments:
The global Smart Robotics market is segmented on the basis of:
Types
Industrial Robot, Junior Intelligent Robot, Intelligent Agricultural Robot, Escort Robot
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Pharmaceuticals, Food Processing, Engineering, Automotive, Textile, Agriculture, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Espon US
- Banner Engineering
- B+M Surface Systems
- Omron Adept
- Fanuc Global
- Yaskawa
- KUKA AG
- Agrobot
- Kawasaki Robotics
- Staubli
- Denso Robotics
- Nachi Fujikoshi
- Comau
- Universal Robots
- Wittmann Battenfeld Group
- Epson US
- IGM
- Siasun
- Rethink Robotics
Highlights of The Smart Robotics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Robot
- Junior Intelligent Robot
- Intelligent Agricultural Robot
- Escort Robot
- By Application:
- Aerospace
- Pharmaceuticals
- Food Processing
- Engineering
- Automotive
- Textile
- Agriculture
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Robotics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Robotics is a technology that allows robots to interact with their surroundings and learn from their experiences. This technology can be used in a variety of applications, including manufacturing, logistics, and healthcare.
Some of the key players operating in the smart robotics market are Espon US, Banner Engineering, B+M Surface Systems, Omron Adept, Fanuc Global, Yaskawa, KUKA AG, Agrobot, Kawasaki Robotics, Staubli, Denso Robotics, Nachi Fujikoshi, Comau, Universal Robots, Wittmann Battenfeld Group, Epson US, IGM, Siasun, Rethink Robotics.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Smart Robotics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Smart Robotics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Smart Robotics Market - Supply Chain
4.5. Global Smart Robotics Market Forecast
4.5.1. Smart Robotics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Smart Robotics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Smart Robotics Market Absolute $ Opportunity
5. Global Smart Robotics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Smart Robotics Market Size and Volume Forecast by Type
5.3.1. Industrial Robot
5.3.2. Junior Intelligent Robot
5.3.3. Intelligent Agricultural Robot
5.3.4. Escort Robot
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Smart Robotics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Smart Robotics Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Pharmaceuticals
6.3.3. Food Processing
6.3.4. Engineering
6.3.5. Automotive
6.3.6. Textile
6.3.7. Agriculture
6.3.8. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Smart Robotics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Smart Robotics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Smart Robotics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Smart Robotics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Smart Robotics Demand Share Forecast, 2019-2026
9. North America Smart Robotics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Smart Robotics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Smart Robotics Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Pharmaceuticals
9.4.3. Food Processing
9.4.4. Engineering
9.4.5. Automotive
9.4.6. Textile
9.4.7. Agriculture
9.4.8. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Smart Robotics Market Size and Volume Forecast by Type
9.7.1. Industrial Robot
9.7.2. Junior Intelligent Robot
9.7.3. Intelligent Agricultural Robot
9.7.4. Escort Robot
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Smart Robotics Demand Share Forecast, 2019-2026
10. Latin America Smart Robotics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Smart Robotics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Smart Robotics Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Pharmaceuticals
10.4.3. Food Processing
10.4.4. Engineering
10.4.5. Automotive
10.4.6. Textile
10.4.7. Agriculture
10.4.8. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Smart Robotics Market Size and Volume Forecast by Type
10.7.1. Industrial Robot
10.7.2. Junior Intelligent Robot
10.7.3. Intelligent Agricultural Robot
10.7.4. Escort Robot
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Smart Robotics Demand Share Forecast, 2019-2026
11. Europe Smart Robotics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Smart Robotics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Smart Robotics Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Pharmaceuticals
11.4.3. Food Processing
11.4.4. Engineering
11.4.5. Automotive
11.4.6. Textile
11.4.7. Agriculture
11.4.8. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Smart Robotics Market Size and Volume Forecast by Type
11.7.1. Industrial Robot
11.7.2. Junior Intelligent Robot
11.7.3. Intelligent Agicultural Robot
11.7.4. Escort Robot
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Smart Robotics Demand Share, 2019-2026
12. Asia Pacific Smart Robotics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Smart Robotics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Smart Robotics Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Pharmaceuticals
12.4.3. Food Processing
12.4.4. Engineering
12.4.5. Automotive
12.4.6. Textile
12.4.7. Agriculture
12.4.8. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Smart Robotics Market Size and Volume Forecast by Type
12.7.1. Industrial Robot
12.7.2. Junior Intelligent Robot
12.7.3. Intelligent Agricultural Robot
12.7.4. Escort Robot
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Smart Robotics Demand Share, 2019-2026
13. Middle East & Africa Smart Robotics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Smart Robotics Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Smart Robotics Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Pharmaceuticals
13.4.3. Food Processing
13.4.4. Engineering
13.4.5. Automotive
13.4.6. Textile
13.4.7. Agriculture
13.4.8. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Smart Robotics Market Size and Volume Forecast by Type
13.7.1. Industrial Robot
13.7.2. Junior Intelligent Robot
13.7.3. Intelligent Agricultural Robot
13.7.4. Escort Robot
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Smart Robotics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Smart Robotics Market: Market Share Analysis
14.2. Smart Robotics Distributors and Customers
14.3. Smart Robotics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Espon US
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Banner Engineering
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. B+M Surface Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Omron Adept
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Fanuc Global
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yaskawa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KUKA AG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Agrobot
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Kawasaki Robotics
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Staubli
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Denso Robotics
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Nachi Fujikoshi
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Comau
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Universal Robots
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Wittmann Battenfeld Group
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Epson US
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. IGM
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Siasun
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Rethink Robotics
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook