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Smart Robot Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 145 Pages
  • March 2022
  • Region: Global
  • IMARC Group
  • ID: 5562612
The global smart robot market reached a value of US$ 8.94 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 24.28 Billion by 2027, exhibiting at a CAGR of 17.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.



Smart robots collaborate with humans and adapt their behavior according to experience for performing cognitive tasks and manual labor work. They are integrated with advanced technologies, such as artificial intelligence (AI), machine learning (ML), sensors, and deep learning (DL). They can digitally connect with a cloud platform to improve operational efficiency and agility of business processes. As a result, they are widely utilized in industrial settings to automate manufacturing processes and warehouse management systems.

Smart Robot Market Trends:


The emergence of the Fourth Industrial Revolution (Industry 4.0) and the growing trend of precision manufacturing are catalyzing the need to modify manufacturing facilities into connected factories. This represents one of the major factors driving the demand for smart robots as they can perform repetitive and less ergonomic tasks, which allows seamless sharing of information and increases product quality and productivity. Moreover, several retail stores are deploying in-store robots to recognize actions in real-time, assist operators, and reduce human errors. Apart from this, service-enabled robotics is gaining traction in the healthcare industry to assist complex surgeries, elderly care, assistive technologies, and patient care at home. This, coupled with the growing prevalence of chronic diseases, is positively influencing the demand for smart robots to aid people with cognitive, sensory, and motor impairments. Furthermore, as smart robotic vacuum cleaners are lightweight, small-in-size, and require low maintenance, they are extensively utilized for mopping, cleaning, and ultraviolet (UV) sterilization of residential and commercial spaces. This, in confluence with the outbreak of the coronavirus disease (COVID-19) and the growing emphasis of individuals on maintaining health and hygiene, is positively influencing the demand for smart robots to prevent the spread of the pandemic and create a safe workplace.

Key Market Segmentation:


The publisher provides an analysis of the key trends in each sub-segment of the global smart robot market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, mobility, application and vertical.

Breakup by Component:

  • Hardware
  • Software
  • Services

Breakup by Mobility:

  • Stationary
  • Mobile

Breakup by Application:

  • Welding and Painting
  • Assembling and Disassembling
  • Material Handling and Sorting
  • Inspection and Security
  • Others

Breakup by Vertical:

  • Automotive
  • Manufacturing
  • Electrical and Electronics
  • Food and Beverages
  • Chemical
  • Residential
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:


The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., F&P Robotics AG, Fanuc Corporation, Hanson Robotics Limited, Honda Motor Co. Ltd, iRobot Corporation, KUKA AG (Midea Group), Neato Robotics Inc. (Vorwerk), Rethink Robotics GmbH, Samsung Electronics Co. Ltd., Seiko Epson Corporation, SoftBank Robotics Corp and Yaskawa Electric Corporation.

Key Questions Answered in This Report:


  • How has the global smart robot market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart robot market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the mobility?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global smart robot market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Smart Robot Market

What is the estimated value of the Global Smart Robot Market?

The Global Smart Robot Market was estimated to be valued at $8.94 Billion in 2021.

What is the growth rate of the Global Smart Robot Market?

The growth rate of the Global Smart Robot Market is 18.1%, with an estimated value of $24.28 Billion by 2027.

What is the forecasted size of the Global Smart Robot Market?

The Global Smart Robot Market is estimated to be worth $24.28 Billion by 2027.

Who are the key companies in the Global Smart Robot Market?

Key companies in the Global Smart Robot Market include ABB Ltd., F&P Robotics AG, Fanuc Corporation, Hanson Robotics Limited, Honda Motor Co. Ltd, iRobot Corporation, KUKA AG (Midea Group), Neato Robotics Inc. (Vorwerk) and Samsung Electronics Co. Ltd..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Robot Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Mobility
7.1 Stationary
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Mobile
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Application
8.1 Welding and Painting
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Assembling and Disassembling
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Material Handling and Sorting
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Inspection and Security
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Vertical
9.1 Automotive
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Manufacturing
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Electrical and Electronics
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Food and Beverages
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Chemical
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Residential
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ABB Ltd.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 F&P Robotics AG
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Fanuc Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Hanson Robotics Limited
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.5 Honda Motor Co. Ltd
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 iRobot Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 KUKA AG (Midea Group)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Neato Robotics Inc. (Vorwerk)
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Rethink Robotics GmbH
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.10 Samsung Electronics Co. Ltd.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Seiko Epson Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 SoftBank Robotics Corp
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.13 Yaskawa Electric Corporation
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
List of Figures
Figure 1: Global: Smart Robot Market: Major Drivers and Challenges
Figure 2: Global: Smart Robot Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Robot Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Smart Robot Market: Breakup by Component (in %), 2021
Figure 5: Global: Smart Robot Market: Breakup by Mobility (in %), 2021
Figure 6: Global: Smart Robot Market: Breakup by Application (in %), 2021
Figure 7: Global: Smart Robot Market: Breakup by Vertical (in %), 2021
Figure 8: Global: Smart Robot Market: Breakup by Region (in %), 2021
Figure 9: Global: Smart Robot (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Smart Robot (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Smart Robot (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Smart Robot (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Smart Robot (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Smart Robot (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Smart Robot (Stationary) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Smart Robot (Stationary) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Smart Robot (Mobile) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Smart Robot (Mobile) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Smart Robot (Welding and Painting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Smart Robot (Welding and Painting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Smart Robot (Assembling and Disassembling) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Smart Robot (Assembling and Disassembling) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Smart Robot (Material Handling and Sorting) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Smart Robot (Material Handling and Sorting) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Smart Robot (Inspection and Security) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Smart Robot (Inspection and Security) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Smart Robot (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Smart Robot (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Smart Robot (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Smart Robot (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Smart Robot (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Smart Robot (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Smart Robot (Electrical and Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Smart Robot (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Smart Robot (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Smart Robot (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Smart Robot (Chemical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Smart Robot (Chemical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Smart Robot (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Smart Robot (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Global: Smart Robot (Other Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Global: Smart Robot (Other Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: North America: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United States: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United States: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Canada: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Canada: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Asia-Pacific: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Asia-Pacific: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: China: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: China: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Japan: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Japan: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: India: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: India: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: South Korea: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: South Korea: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Australia: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Australia: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Indonesia: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Indonesia: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Europe: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Europe: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Germany: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Germany: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: France: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: France: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: United Kingdom: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: United Kingdom: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Italy: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Italy: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Spain: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Spain: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Russia: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Russia: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Latin America: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Latin America: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Brazil: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Brazil: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Mexico: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Mexico: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Others: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Others: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Middle East and Africa: Smart Robot Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Middle East and Africa: Smart Robot Market: Breakup by Country (in %), 2021
Figure 91: Middle East and Africa: Smart Robot Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Global: Smart Robot Industry: SWOT Analysis
Figure 93: Global: Smart Robot Industry: Value Chain Analysis
Figure 94: Global: Smart Robot Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Smart Robot Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Smart Robot Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Smart Robot Market Forecast: Breakup by Mobility (in Million US$), 2022-2027
Table 4: Global: Smart Robot Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Smart Robot Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 6: Global: Smart Robot Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Smart Robot Market: Competitive Structure
Table 8: Global: Smart Robot Market: Key Players

Companies Mentioned

  • ABB Ltd.
  • F&P Robotics AG
  • Fanuc Corporation
  • Hanson Robotics Limited
  • Honda Motor Co. Ltd
  • iRobot Corporation
  • KUKA AG (Midea Group)
  • Neato Robotics Inc. (Vorwerk)
  • Rethink Robotics GmbH
  • Samsung Electronics Co. Ltd.
  • Seiko Epson Corporation
  • SoftBank Robotics Corp
  • Yaskawa Electric Corporation.

Methodology

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