Smart Robot Market by Component, Application, Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2018-2025

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 while working together as well as learning from the behavior of humans.

Flexibility & scalability in operation along with the high performance fuels the growth of the smart robot market. With the development of smart technologies, new types of humanoid robots have the ability to feel materials. These types of humanoid robots can feel with the help of sensors, software, and actuators. These smart technologies can identify different materials by touching them.

Growth in industrial automation, advancement of robotics for connected and digital world, and strong government funding for automation solutions are driving the market. In addition, development in automotive sector, strong government funding for factory automation solution is fueling the growth of the smart robot market. However, high manufacturing cost, insecure connections with robots, difficulty of reprogramming, regular maintenance and software updates of the system restrict the market. Moreover, rise in developments of smart homes and increase in concern of workplace safety are expected to provide lucrative opportunities in future.

The smart robot market is segmented into component, application, industry verticals and region. Based on component, it is bifurcated into hardware and software. Hardware is further segmented into sensor, actuator, power source, control system, and others. Further, sensor is divided into gyroscope, microphone, accelerometer, tilt sensor, force/torque sensor, position sensor, vision/image sensor, and others. The application segment is divided into welding & painting, assembling & disassembling, mobility, security, cleaning, nursing, inspection, and others. And based on industry verticals it is classified into manufacturing, automotive, electrical & electronics, food & beverages, chemical, rubber & plastics, residential, and others Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

This study comprises of 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 coverage in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analyses.
The current market is quantitatively analyzed from 2018 to 2025 to highlight the financial competency of the market.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers.

KEY MARKET SEGMENTS

By Component

Hardware
Sensor
Gyroscope
Microphone
Accelerometer
Tilt Sensor
Force/Torque sensor
Position Sensor
Vision/Image Sensor
Others
Actuator
Power Source
Control System
Others (Body Material)
Software

By Application

Welding& painting
Assembling & disassembling
Mobility
Security
Cleaning
Others

By Industry Vertical

Automotive
Manufacturing
Electrical & Electronic
Food & Beverages
Chemical, Rubber & Plastic
Residential
Others

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

CHAPTER 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Moderate-to-high bargaining power of suppliers
3.3.2. Moderate-to-high threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High-to-moderate intensity of rivalry
3.3.5. High-to-moderate bargaining power of buyers
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Growth of industrial automation.
3.4.1.2. Robotics advancement for connected and digital world.
3.4.1.3. Strong government funding for factory automation solutions.
3.4.1.4. Robot capacity to predict breakdowns in industry.
3.4.2. Restraint
3.4.2.1. High manufacturing cost.
3.4.2.2. Insecure connections.
3.4.3. Opportunities
3.4.3.1. Development of smart homes.
3.4.3.2. Increasing concern of workplace safety.

CHAPTER 4: SMART ROBOT MARKET, BY COMPONENT

4.1. OVERVIEW
4.2. HARDWARE
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by type
4.2.4 Sensor
4.2.4.1 Gyroscope
4.2.4.2 Accelerometer
4.2.4.3 Force/Torque Sensor
4.2.4.4 Vision/Image Sensor
4.2.4.5 Others
4.2.5 Actuator
4.2.6 Power source
4.2.7 Control System
4.2.8. Market analysis by country
4.3. SOFTWARE
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country

CHAPTER 5: SMART ROBOT MARKET, BY APPLICATION

5.1. OVERVIEW
5.2. WELDING & PAINTING
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. ASSEMBLING & DISASSEMBLING
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country
5.4. MOBILITY
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market analysis by country
5.5. INSPECTION & SECURITY
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market analysis by country
5.6. OTHERS
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market analysis by country

CHAPTER 6: SMART ROBOT MARKET, BY INDUSTRY VERTICAL

6.1. OVERVIEW
6.2. AUTOMOTIVE
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country
6.3. MANUFACTURING
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country
6.4. ELECTRICAL & ELECTRONICS
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis by country
6.5. FOOD & BEVERAGES
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market analysis by country
6.6. CHEMICAL
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market analysis by country
6.7. RESIDENTIAL
6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market analysis by country
6.8. OTHERS
6.8.1. Key market trends, growth factors and opportunities
6.8.2. Market size and forecast, by region
6.8.3. Market analysis by country

CHAPTER 7: SMART ROBOT MARKET, BY REGION

7.1. OVERVIEW
7.2. NORTH AMERICA
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by Component
7.2.3. Market size and forecast, by Application
7.2.4. Market size and forecast, by industry vertical
7.2.5. Market analysis by country
7.2.6. U.S.
7.2.6.1. Market size and forecast, by Component
7.2.7. Market size and forecast, by Application
7.2.8. Market size and forecast, by industry vertical
7.2.9. Canada
7.2.9.1. Market size and forecast, by Component
7.2.10. Market size and forecast, by Application
7.2.11. Market size and forecast, by industry vertical
7.2.12. Mexico
7.2.12.1. Market size and forecast, by Component
7.2.13. Market size and forecast, by Application
7.2.14. Market size and forecast, by industry vertical
7.3. EUROPE
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by Component
7.3.3. Market size and forecast, by Application
7.3.4. Market size and forecast, by industry vertical
7.3.5. Market analysis by country
7.3.6. UK
7.3.6.1. Market size and forecast, by Component
7.3.7. Market size and forecast, by Application
7.3.8. Market size and forecast, by industry vertical
7.3.9. Germany
7.3.9.1. Market size and forecast, by Component
7.3.10. Market size and forecast, by Application
7.3.11. Market size and forecast, by industry vertical
7.3.12. France
7.3.12.1. Market size and forecast, by Component
7.3.13. Market size and forecast, by Application
7.3.14. Market size and forecast, by industry vertical
7.3.15. Italy
7.3.15.1. Market size and forecast, by Component
7.3.16. Market size and forecast, by Application
7.3.17. Market size and forecast, by industry vertical
7.3.18. Russia
7.3.18.1. Market size and forecast, by Component
7.3.19. Market size and forecast, by Application
7.3.20. Market size and forecast, by industry vertical
7.3.21. Rest of Europe
7.3.21.1. Market size and forecast, by Component
7.3.22. Market size and forecast, by Application
7.3.23. Market size and forecast, by industry vertical
7.4. ASIA-PACIFIC
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by Component
7.4.3. Market size and forecast, by Application
7.4.4. Market size and forecast, by industry vertical
7.4.5. Market analysis by country
7.4.6. China
7.4.6.1. Market size and forecast, by Component
7.4.7. Market size and forecast, by Application
7.4.8. Market size and forecast, by industry vertical
7.4.9. India
7.4.9.1. Market size and forecast, by Component
7.4.10. Market size and forecast, by Application
7.4.11. Market size and forecast, by industry vertical
7.4.12. Japan
7.4.12.1. Market size and forecast, by Component
7.4.13. Market size and forecast, by Application
7.4.14. Market size and forecast, by industry vertical
7.4.15. South Korea
7.4.15.1. Market size and forecast, by Component
7.4.16. Market size and forecast, by Application
7.4.17. Market size and forecast, by industry vertical
7.4.18. Australia
7.4.18.1. Market size and forecast, by Component
7.4.19. Market size and forecast, by Application
7.4.20. Market size and forecast, by industry vertical
7.4.21. Rest of Asia-Pacific
7.4.21.1. Market size and forecast, by Component
7.4.22. Market size and forecast, by Application
7.4.23. Market size and forecast, by industry vertical
7.5. LAMEA
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by Component
7.5.3. Market size and forecast, by Application
7.5.4. Market size and forecast, by industry vertical
7.5.5. Market analysis by country
7.5.6. Latin America
7.5.6.1. Market size and forecast, by Component
7.5.7. Market size and forecast, by Application
7.5.8. Market size and forecast, by industry vertical
7.5.9. Middle East
7.5.9.1. Market size and forecast, by Component
7.5.10. Market size and forecast, by Application
7.5.11. Market size and forecast, by industry vertical
7.5.12. Africa
7.5.12.1. Market size and forecast, by Component
7.5.13. Market size and forecast, by Application
7.5.14. Market size and forecast, by industry vertical

CHAPTER 8: COMPANY PROFILES

8.1. IROBOT CORPORATION
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Product portfolio
8.1.5. Business performance
8.1.6. Key strategic moves and developments
8.2. ASEA BROWN BOVERI LTD. (ABB)
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Product portfolio
8.2.5. Business performance
8.3. SEIKO EPSON CORPORATION
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Product portfolio
8.3.5. Business performance
8.3.6. Key strategic moves and developments
8.4. GREYORANGE PTE LTD.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Product portfolio
8.5. RETHINK ROBOTICS
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Product portfolio
8.6. KUKA
8.6.1. Company overview
8.6.2. Company snapshot
8.7. F&P PERSONAL ROBOTICS
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Product portfolio
8.8. SOFTBANK ROBOTICS
8.8.1. Company overview
8.8.2. Company snapshot
8.9. YASKAWA ELECTRIC
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.10. FANUC
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Product portfolio
8.10.5. Business performance

Executive Summary

According to a recent report published titled, Global Smart Robot Market by Component, Application, and Industry Verticals: Global Opportunity Analysis and Industry Forecast, 2018-2025, 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.

At present, North America dominates the market, followed by Europe. In 2017, the U.S. is expected to remain dominant in the North America market, while Germany is projected to lead the overall market in Europe.

Smart robot is a reprogrammable, multifunctiol manipulator designed to move material, parts, tools, or specialized devices through various programmed motions for the performance of a variety of tasks. Autonomous robot uses coding algorithm to perform a specified operation and changes its working in accordance with the changes made in the programming. By use of advanced technology, a smart robot can help people overcome daily obstacles or to teach children, and are majorly used in the industry vertical applications. Some smart robots can replace jobs where human interaction is difficult such as industrial welding, investigation of volcanoes, underwater exploration, and deep space exploration. For specific movements in the operation such as assembling and spot welding, many robots use the pneumatic or air pressure pistons in particular directions.

The increase in field of automation, the rise in demand for robotic advancement for connected world and capability of robots to identify the breakdowns in the industry fuel the growth of the market. In addition, strong government initiative for the factory automation also contribute to the market growth. However, higher manufacturing cost and insecurities regarding the robots hamper this stated growth.

Based on component, the hardware segment generated the highest revenue in the smart robot market in 2017, and is expected to remain dominant during the forecast period. In addition, based on application, the assembling & disassembling segment generated the highest revenue followed by welding & painting and mobility.

Based on industry vertical, the automotive industry accounted for the majority market share of the smart robot market followed by the manufacturing industry.

Key Findings of the Smart Robot Market:

The hardware segment is estimated to generate the highest revenue in the global smart robot market in 2018.
In 2018, the automotive industry is projected to be the highest revenue contributor in the industry vertical segment.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
In 2018, North America contributes the highest market share, followed by, Europe, Asia Pacific and LAMEA.

The key players profiled in the report are ABB, iRobot Corporation, Grey orange Pte Ltd., Epson America, Inc., Rethink Robotics, KuKa, F&P Persol Robotics, SoftBank Robotics, Yaskawa Electric, and Fanuc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic news articles and other related releases for market evaluation
Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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