The global market of smart machines should grow from $101.5 billion in 2021 to $211.7 billion by 2026, at a compound annual growth rate (CAGR) of 15.8% for the period of 2021-2026.
Autonomous robots as a segment of the smart machines market should grow from $85.2 billion in 2021 to $164.9 billion by 2026, at a CAGR of 14.1% for the period of 2021-2026.
Intelligent assistants as a segment of the smart machines market should grow from $6.0 billion in 2021 to $26.2 billion by 2026, at a CAGR of 34.3% for the period of 2021-2026.
Report Scope
This report identifies and quantifies the potential market for various types of smart machines, including:
- Expert systems (e.g., medical decision support systems, smart grid)
- Embedded software (machine monitoring and control systems)
- Autonomous robots (including self-driving vehicles)
- Purpose-built smart machines (such as neural computers)
- Virtual reality assistants (e.g., Siri)
- Intelligent agents (e.g., automated online assistants)
These technologies are generally at an early stage of development, so it will be necessary to consider the market at least as far out as 2026 to obtain meaningful results.
A separate section of the report discusses the development and future sales of key enabling technologies for the next generation of smart machines, such as:
- Voice recognition technology
- Micro
- and nanosensors
- Radiofrequency technologies
- Neurocomputing
- The study format includes the following major elements
- Executive summary
- Definitions
- Historical milestones
- Technologies and applications that have the greatest commercial potential through 2026
- Detailed market estimates and projections for each technology and application during the period 2021 to 2026
- Companies, academic and government laboratories that are developing smart machines
The Report Includes
- 77 tables
- An updated review of the global markets for smart machines and related cognitive computing technology systems
- Analyses of the global market trends, with data from 2019-2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the smart machines market size (product sales in USD millions), and corresponding market share analysis by type of technology, application, and geographic region
- Discussion of the smart machine products and related technologies with the greatest commercial potential over the next five years (2021 to 2026)
- Assessment of the key drivers and constraints that will shape the market for these products and technologies over the next five years
- Estimating the current and future demand for smart machine products and enabling technologies
- Identification of the companies best positioned to meet this demand owing to their proprietary technologies, mergers and acquisitions, new product developments, and other growth strategies
- Descriptive profiles of the major market players including Bristol Robotics Laboratory, Crouzet, Robotic Technology Inc., Applied Analytic Systems, Brain Corp., CrossBar Inc., Qualcomm Inc., Siemens AG, BAE, Caterpillar, iRobot, Samsung, Intel Corp., Creative Virtual
What is the estimated value of the Smart Machines: Technologies and Global Markets?
What is the growth rate of the Smart Machines: Technologies and Global Markets?
What is the forecasted size of the Smart Machines: Technologies and Global Markets?
Who are the key companies in the Smart Machines: Technologies and Global Markets?
| Report Attribute | Details |
|---|---|
| No. of Pages | 173 |
| Published | September 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 101.5 Billion |
| Forecasted Market Value ( USD | $ 211.7 Billion |
| Compound Annual Growth Rate | 15.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 61 |
Table of Contents
Executive Summary
Smart machines are hardware or software systems that can accomplish their designated task even under conditions of uncertainty and variability.
Smart machines also are able to:
- Operate autonomously (without direct human supervision) or at least semi-autonomously.
- Adapt to and learn from changing conditions in real-time.
- Communicate with other machines.
The publisher divides the global market for smart machines into five segments: expert systems, autonomous robots, intelligent assistants, smart embedded systems and neurocomputers.
Companies Mentioned
- AB Nonlinear Solutions Oy
- Akēlex Inc.
- Alyuda Research Llc
- Anboto Group
- AND Corp.
- Applied Analytic Systems
- Artificial Solutions International Ab
- Astute Solutions
- Autonomous Robots
- BAE Systems Plc
- Brain Corp.
- Bristol Robotics Laboratory
- Caterpillar Inc.
- Churchill Systems Inc.
- Creative Virtual Ltd.
- Crossbar Inc.
- Crouzet Sasu
- Dorhout R&D Llc
- Embedded Systems
- Enabling Technologies
- Expert Systems
- Exsys Inc.
- Fetch Robotics Inc.
- General Dynamics Mission Systems Inc.
- Geolitica
- Hologic Inc.
- HRL Laboratories Llc
- Intel Corp.
- Intellidynamics
- Intelligent Assistants
- International Business Machines Corp.
- International Submarine Engineering Ltd.
- Irobot
- Isabel Healthcare
- Komatsu Ltd.
- Kongsberg Maritime (Km)
- Kuka Ag
- Lockheed Martin Corp.
- Logical Images Inc.
- Massachusetts General Hospital
- Medtronic
- MMB Networks Inc.
- Navya
- Neuralware
- Neurocomputing
- Neurodimension Inc.
- Qualcomm Inc.
- Rethink Robotics Gmbh
- Robotic Technology Inc.
- Robotic Vision Technologies Llc
- Samsung Electronics Co. Ltd.
- Schiller Ag
- Science Applications International Corp.
- Sensimed Ag
- Siemens Ag
- Teladoc Health Inc
- Teledyne Gavia Ehf
- Vanguard Software Corp.
- Vision Robotics Corp.
- Vitirover
- Ward Systems Group Inc.
