Smart Robot Market by Component (Hardware and Software), Industrial Application (Automotive, Electronics, and Food & Beverages), Personal Service Application, Professional Service Application, and Geography - Global Forecast to 2023

  • ID: 4469997
  • Report
  • Region: Global
  • 159 Pages
  • Markets and Markets
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The Smart Robot Market is Expected to Reach USD 14.29 Billion By 2023 from USD 4.94 Billion in 2018, at a CAGR of 23.7% Between 2018 and 2023.

FEATURED COMPANIES

  • ABB
  • Anki
  • Delaval
  • Geckosystems
  • Intuitive Surgical
  • Omron Adept Technologies
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“Growing adoption of autonomous robots for professional services acts as a major driving factor for the smart robot market”

This growth can be attributed to the growing adoption of autonomous robots for professional services, emerging technological advancements in the field of robotics, increasing investments toward industrial automation, and growing government aid for R&D of AI-enabled robots. However, high initial R&D expenditure restricts the growth of the smart robot market.

“Hardware component held a larger share of the smart robot market in 2017”

The hardware components add major value to the overall smart robot cost; hence, the hardware segment accounted for a larger share of the overall smart robot market in 2017. Among different hardware components, control systems accounted for the largest market share in 2017.

“Electronics industrial application of smart robots to grow at a higher CAGR during the forecast period”

The smart robot market for electronics applications is expected to grow at the highest CAGR during the forecast period. With the increasing complexity of manufacturing processes and miniaturization of semiconductor and electronics equipment, there is an increase in the use of AI-based smart industrial robots. Smart robots in the electronics equipment industry are used for designing and planning stages of the manufacturing process; thereby creating a huge potential for the growth of the smart robot market in the near future.

“Professional service application of smart robot held a larger share of the market in 2017”

The professional service applications held the largest share of the smart robot market, by service application in 2017. The market is expected to be driven by the increasing demand from defense and marine applications. The professional service application is also expected to grow faster during the forecast period.

“Americas was the largest shareholder in 2017, whereas APAC would be the fastest-growing region in the smart robot market during the forecast period”

The Americas held the largest share of the smart robot market in 2017. The Americas is the early adopter of smart robots for all major industrial and service applications, thereby resulting in the maximum demand for robots from this region. The market in APAC is expected to grow at the highest CAGR between 2018 and 2023. APAC is likely to adopt smart robots for almost all major industrial and service applications during the forecast period. As the elderly population in APAC countries, such as China and Japan, is on the rise, the region is expected to employ smart robots, e.g., humanoids for personal assistance and caregiving applications. Also, the presence of a large number of manufacturing companies in China and Japan, along with the strong presence of automobile and electronics and semiconductor companies, is driving the growth of the smart robot market in this region.

The breakup of primaries conducted during the study is depicted below.

  • By Company Type: Tier 1 = 55%, Tier 2 = 20%, and Tier 3 = 25%
  • By Designation: C-Level Executives =75% and Directors = 25%
  • By Region: Americas = 10%, Europe = 20%, APAC = 40%, and RoW = 30%

Some key players in the smart robot market include SoftBank (Japan), iRobot (US), KUKA (Germany), ABB (Switzerland), Hanson Robotics (Hong Kong), Amazon.com (US), Honda Motor (Japan), FANUC (Japan), YASKAWA ELECTRIC (Japan), ECA (France), OMRON Adept Technologies (US), Samsung Electronics (South Korea), Intuitive Surgical (US), DeLaval (Sweden), Aethon (US), Rethink Robotics (US), Bluefin Robotics (US), GeckoSystems (US), BLUE FROG ROBOTICS (France), and Anki (US).

Factors such as rise in demand for personal services, adoption of IoT on a wide level, and huge potential in developing countries are expected to generate opportunities for the players in the smart robot market.

Research Coverage:

  • This report includes the market statistics pertaining to the smart robot component, industrial application, service application, and geography, along with their respective market size.
  • Major drivers, restraints, opportunities, and challenges pertaining to the smart robot market have been detailed in the report.
  • Opportunities in the market have been defined for stakeholders, along with the details of the competitive landscape for the market leaders.
  • Strategic profiling of the key players in the smart robot market has been done, and players’ ranking has been provided and core competencies have been comprehensively analyzed.

Reasons to Buy the Report

The report would help leaders/new entrants in the smart robot market in the following ways:

1. This report segments the smart robot market comprehensively and provides the closest market size estimation for segments across different regions.

2. The report would help stakeholders understand the pulse of the market and provide them with the information on key drivers, restraints, challenges, and opportunities for market growth.

3. This report would help stakeholders understand their competitors better and gain insights to improve their position in the business. The competitive landscape section includes the competitor ecosystem, product launches, acquisitions, expansions, partnerships, agreements, and collaborations.

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FEATURED COMPANIES

  • ABB
  • Anki
  • Delaval
  • Geckosystems
  • Intuitive Surgical
  • Omron Adept Technologies
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 List of Major Secondary Sources
2.1.1.2 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews With Experts
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primaries
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing the Market Share By Bottom-Up Analysis (Demand Side)
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing the Market Share By Top-Down Analysis (Supply Side)
2.3 Market Ranking Estimation
2.4 Market Breakdown and Data Triangulation
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Smart Robot Market
4.2 Smart Robot Market, By Service Application
4.3 Smart Robot Market in APAC, By Industrial Application and Country
4.4 Smart Robot Market, By Component
4.5 Country-Wise Analysis of the Smart Robot Market
4.6 Smart Robot Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Adoption of Autonomous Robots for Professional Services
5.2.1.2 Emerging Technological Advancements in the Field of Robotics
5.2.1.3 Increasing Investments Toward Industrial Automation
5.2.1.4 Growing Government Aid for R&D of AI-Enabled Robots
5.2.2 Restraints
5.2.2.1 High Initial R&D Expenditure
5.2.3 Opportunities
5.2.3.1 Rise in Demand for Personal Services
5.2.3.2 Adoption of IoT on Wide Level
5.2.3.3 Huge Potential in Developing Countries
5.2.4 Challenges
5.2.4.1 Safety Concerns Due to Complex High-Level Interfacing
5.3 Value Chain Analysis

6 Smart Robot Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Sensor
6.2.1.1 Gyroscope
6.2.1.2 Microphone
6.2.1.3 Accelerometer
6.2.1.4 Tilt Sensor
6.2.1.5 Force/Torque Sensor
6.2.1.6 Position Sensor
6.2.1.7 Vision/Image Sensor
6.2.1.8 Others
6.2.2 Actuator
6.2.2.1 Electrical
6.2.2.2 Pneumatic
6.2.2.3 Hydraulic
6.2.2.4 Piezoelectric
6.2.2.5 Ultrasonic
6.2.3 Power Source
6.2.4 Control System/Controller
6.2.5 Others
6.3 Software

7 Smart Robot Market, By Industrial Application
7.1 Introduction
7.2 Automotive
7.3 Electronics
7.4 Food & Beverages
7.5 Others

8 Smart Robot Market, By Service Application
8.1 Introduction
8.2 Personal
8.2.1 Domestic
8.2.2 Entertainment
8.2.3 Others
8.3 Professional
8.3.1 Defense and Security
8.3.2 Field
8.3.3 Medical
8.3.4 Underwater
8.3.5 Logistics
8.3.6 Telepresence
8.3.7 Inspection and Maintenance
8.3.8 Others

9 Smart Robot Market, By Region
9.1 Introduction
9.2 Americas
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.2.4 South America
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Rest of Europe
9.4 APAC
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 South Korea
9.4.5 Rest of APAC
9.5 RoW
9.5.1 Middle East
9.5.2 Africa

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking Analysis
10.3 Competitive Scenario
10.3.1 Product Launches
10.3.2 Agreements, Collaborations, and Expansions
10.3.3 Acquisitions and Partnerships

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
11.1 Introduction
11.2 Key Players
11.2.1 Softbank
11.2.2 Irobot
11.2.3 Kuka
11.2.4 ABB
11.2.5 Hanson Robotics
11.2.6 Amazon.Com
11.2.7 Honda Motor
11.2.8 Fanuc
11.2.9 Yaskawa Electric
11.2.10 Omron Adept Technologies
11.3 Other Key Players
11.3.1 Eca
11.3.2 Samsung Electronics
11.3.3 Intuitive Surgical
11.3.4 Delaval
11.3.5 Aethon
11.4 Key Innovators
11.4.1 Rethink Robotics
11.4.2 Bluefin Robotics
11.4.3 Geckosystems
11.4.4 Blue Frog Robotics
11.4.5 Anki
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Discussion Guide
12.2 Knowledge Store: Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables (77 Tables)
Table 1 Smart Robot Market, By Component, 2015-2023 (USD Million)
Table 2 Smart Robot Market, By Hardware, 2015-2023 (USD Million)
Table 3 Smart Robot Market, By Industrial Application, 2015-2023 (USD Million)
Table 4 Smart Robot Market, By Industrial Application, 2015-2023 (Units)
Table 5 Smart Robot Market for Industrial Application, By Region, 2015-2023 (USD Million)
Table 6 Smart Robot Market for Automotive Application, By Region, 2015-2023 (USD Million)
Table 7 Smart Robot Market for Electronics Application, By Region, 2015-2023 (USD Million)
Table 8 Smart Robot Market for Food & Beverages Application, By Region, 2015-2023 (USD Million)
Table 9 Smart Robot Market for Other Industrial Applications, By Region, 2015-2023 (USD Million)
Table 10 Smart Robot Market, By Service Application, 2015-2023 (USD Million)
Table 11 Smart Robot Market, By Service Application, 2015-2023 (Thousand Units)
Table 12 Smart Robot Market for Service Application, By Region, 2015-2023 (USD Million)
Table 13 Smart Robot Market, By Personal Service Application, 2015-2023 (USD Million)
Table 14 Smart Robot Market, By Personal Service Application, 2015-2023 (Thousand Units)
Table 15 Smart Robot Market for Personal Service Application, By Region, 2015-2023 (USD Million)
Table 16 Smart Robot Market, By Domestic Application, 2015-2023 (USD Million)
Table 17 Smart Robot Market, By Domestic Application, 2015-2023 (Thousand Units)
Table 18 Smart Robot Market for Domestic Application, By Region, 2015-2023 (USD Million)
Table 19 Smart Robot Market for Vacuum and Floor Cleaning Application, By Region, 2015-2023 (USD Million)
Table 20 Smart Robot Market for Lawn Mowing Application, By Region, 2015-2023 (USD Million)
Table 21 Smart Robot Market for Pool Cleaning Application, By Region, 2015-2023 (USD Million)
Table 22 Smart Robot Market, By Entertainment Application, 2015-2023 (USD Million)
Table 23 Smart Robot Market, By Entertainment Application, 2015-2023 (Thousand Units)
Table 24 Smart Robot Market for Entertainment Application, By Region, 2015-2023 (USD Million)
Table 25 Smart Robot Market for Smart Toys Application, By Region, 2015-2023 (USD Million)
Table 26 Smart Robot Market for Robotic Pets Application, By Region, 2015-2023 (USD Million)
Table 27 Smart Robot Market, By Other Personal Service Applications, 2015-2023 (USD Million)
Table 28 Smart Robot Market, By Other Personal Service Applications, 2015-2023 (Thousand Units)
Table 29 Smart Robot Market for Other Personal Service Applications, By Region, 2015-2023 (USD Million)
Table 30 Smart Robot Market for Elderly and Handicap Assistance Application, By Region, 2015-2023 (USD Million)
Table 31 Smart Robot Market for Home Security and Surveillance Application, By Region, 2015-2023 (USD Million)
Table 32 Smart Robot Market, By Professional Service Application, 2015-2023 (USD Million)
Table 33 Smart Robot Market, By Professional Service Application, 2015-2023 (Units)
Table 34 Smart Robot Market for Professional Service Application, By Region, 2015-2023 (USD Million)
Table 35 Smart Robot Market, By Defense and Security Application, 2015-2023 (USD Million)
Table 36 Smart Robot Market, By Defense and Security Application, 2015-2023 (Units)
Table 37 Smart Robot Market for Defense and Security Application, By Region, 2015-2023 (USD Million)
Table 38 Smart Robot Market for Demining Application, By Region, 2015-2023 (USD Million)
Table 39 Smart Robot Market for Fire and Bomb Fighting Application, By Region, 2015-2023 (USD Million)
Table 40 Smart Robot Market, By Field Application, 2015-2023 (USD Million)
Table 41 Smart Robot Market, By Field Application, 2015-2023 (Units)
Table 42 Smart Robot Market for Field Application, By Region, 2015-2023 (USD Million)
Table 43 Smart Robot Market for Agriculture and Forestry Application, By Region, 2015-2023 (USD Million)
Table 44 Smart Robot Market for Milking Robot Application, By Region, 2015-2023 (USD Million)
Table 45 Smart Robot Market, By Medical Application, 2015-2023 (USD Million)
Table 46 Smart Robot Market, By Medical Application, 2015-2023 (Units)
Table 47 Smart Robot Market for Medical Application, By Region, 2015-2023 (USD Million)
Table 48 Smart Robot Market for Rehabilitation System Application, By Region, 2015-2023 (USD Million)
Table 49 Smart Robot Market for Other Medical Service Applications, By Region, 2015-2023 (USD Million)
Table 50 Smart Robot Market for Underwater Application, By Region, 2015-2023 (USD Million)
Table 51 Smart Robot Market, By Logistics Application, 2015-2023 (USD Million)
Table 52 Smart Robot Market, By Logistics Application, 2015-2023 (Units)
Table 53 Smart Robot Market for Logistics Application, By Region, 2015-2023 (USD Million)
Table 54 Smart Robot Market for Factory Logistics Application, By Region, 2015-2023 (USD Million)
Table 55 Smart Robot Market for Service Logistics Application, By Region, 2015-2023 (USD Million)
Table 56 Smart Robot Market, By Telepresence Application, 2015-2023 (USD Million)
Table 57 Smart Robot Market, By Telepresence Application, 2015-2023 (Units)
Table 58 Smart Robot Market for Telepresence Application, By Region, 2015-2023 (USD Million)
Table 59 Smart Robot Market for Business Telepresence Application, By Region, 2015-2023 (USD Million)
Table 60 Smart Robot Market for Healthcare Telepresence Application, By Region, 2015-2023 (USD Million)
Table 61 Smart Robot Market for Personal Telepresence Application, By Region, 2015-2023 (USD Million)
Table 62 Smart Robot Market, By Inspection and Maintenance Application, 2015-2023 (USD Million)
Table 63 Smart Robot Market, By Inspection and Maintenance Application, 2015-2023 (Units)
Table 64 Smart Robot Market for Inspection and Maintenance Application, By Region, 2015-2023 (USD Million)
Table 65 Smart Robot Market for Facilities and Plants Application, By Region, 2015-2023 (USD Million)
Table 66 Smart Robot Market for Tank, Tubes and Pipes, and Sewer Application, By Region, 2015-2023 (USD Million)
Table 67 Smart Robot Market for Other Inspection and Maintenance Applications, By Region, 2015-2023 (USD Million)
Table 68 Smart Robot Market for Other Professional Service Applications, By Region, 2015-2023 (USD Million)
Table 69 Smart Robot Market, By Region, 2015-2023 (USD Million)
Table 70 Smart Robot Market in the Americas, By Country, 2015-2023 (USD Million)
Table 71 Smart Robot Market in Europe, By Country, 2015-2023 (USD Million)
Table 72 Smart Robot Market in APAC, By Country, 2015-2023 (USD Million)
Table 73 Smart Robot Market in RoW, By Country, 2015-2023 (USD Million)
Table 74 Top 5 Players in the Smart Robot Market, 2017
Table 75 10 Most Recent Product Launches in the Smart Robot Market
Table 76 10 Most Recent Agreements, Collaborations, and Expansions in the Smart Robot Market
Table 77 5 Most Recent Acquisitions and Partnerships in the Smart Robot Market

List of Figures (52 Figures)
Figure 1 Smart Robot Market: Research Design
Figure 2 Process Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Smart Robot Market for Industrial Application Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 8 Smart Robot Market Expected to Hold A Larger Share for Hardware Throughout the Forecast Period
Figure 9 Telepresence, and Inspection and Maintenance are the Fastest Growing Professional Applications During the Forecast Period
Figure 10 APAC Expected to Be the Fastest-Growing Region in the Smart Robot Market During the Forecast Period
Figure 11 Growing Adoption of Autonomous Robots for Professional Services Driving the Growth of the Smart Robot Market
Figure 12 Professional Service Application Expected to Dominate the Smart Robot Market During the Forecast Period
Figure 13 APAC Expected to Hold the Largest Market Share for Automotive Application in 2018
Figure 14 Software Expected to Hold the Largest Share of the Smart Robot Market By 2023
Figure 15 US Expected to Hold the Largest Share of the Smart Robot Market in 2018
Figure 16 Smart Robot Market in APAC Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Growing Need of Autonomous Operations in Industrial and Service Verticals is Driving the Smart Robot Market
Figure 18 Product Feature Advancements With Time
Figure 19 Industrial Robotics Installation Statistics (2013-2017)
Figure 20 Population of People Aged 65 Years and Above Expected to Reach 1 Billion By 2030
Figure 21 Value Chain Analysis: Major Value Added During the Original Equipment Manufacturing Phase
Figure 22 Smart Robot Market for Software Expected to Grow at A Higher CAGR During the Forecast Period
Figure 23 Sensors Expected to Exhibit the Highest CAGR in the Smart Robot Market for Hardware During the Forecast Period
Figure 24 Smart Robot Market for Electronics Application Expected to Grow at the Highest CAGR During the Forecast Period
Figure 25 Professional Service Application Expected to Dominate the Smart Robot Market During the Forecast Period
Figure 26 Smart Robot Market for Other Personal Service Applications Expected to Grow at the Highest CAGR During the Forecast Period
Figure 27 Pool Cleaning Application Expected to Exhibit the Highest CAGR in the Smart Robot Market for Domestic Segment During the Forecast Period
Figure 28 Robotic Pets Expected to Lead the Smart Robot Market for Entertainment Application During the Forecast Period
Figure 29 Elderly and Handicap Assistance Application Expected to Exhibit A Higher CAGR in the Smart Robot Market for Personal Service During the Forecast Period
Figure 30 Inspection and Maintenance Application Expected to Exhibit the Highest CAGR in the Smart Robot Market for Professional Service During the Forecast Period
Figure 31 Demining Application Expected to Exhibit A Higher CAGR in the Smart Robot Market for Defense and Security During the Forecast Period
Figure 32 Agriculture and Forestry Application Expected to Exhibit A Higher CAGR in the Smart Robot Market for Field Application During the Forecast Period
Figure 33 Other Applications Expected to Exhibit A Higher CAGR in the Smart Robot Market for Medical During the Forecast Period
Figure 34 Service Application Expected to Exhibit A Higher CAGR in the Smart Robot Market for Logistics During the Forecast Period
Figure 35 Business Application Expected to Exhibit the Highest CAGR in the Smart Robot Market for Telepresence During the Forecast Period
Figure 36 Facilities and Plants Application Expected to Exhibit the Highest CAGR in the Smart Robot Market for Inspection and Maintenance During the Forcast Period
Figure 37 Smart Robot Market: Geographic Snapshot
Figure 38 Americas: Snapshot of the Smart Robot Market
Figure 39 Europe: Snapshot of the Smart Robot Market
Figure 40 APAC: Snapshot of the Smart Robot Market
Figure 41 RoW: Snapshot of the Smart Robot Market
Figure 42 Companies Adopted Product Launches as the Key Growth Strategy in the Smart Robot Market Between January 2015 and December 2017
Figure 43 Smart Robot Market Evaluation Framework
Figure 44 Softbank: Company Snapshot
Figure 45 Irobot: Company Snapshot
Figure 46 Kuka: Company Snapshot
Figure 47 ABB: Company Snapshot
Figure 48 Amazon.Com: Company Snapshot
Figure 49 Honda Motor: Company Snapshot
Figure 50 Fanuc: Company Snapshot
Figure 51 Yaskawa Electric: Company Snapshot
Figure 52 Omron Adept Technologies: Company Snapshot

Note: Product cover images may vary from those shown
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  • ABB
  • Aethon
  • Amazon.Com
  • Anki
  • Blue Frog Robotics
  • Bluefin Robotics
  • Delaval
  • Eca
  • Fanuc
  • Geckosystems
  • Hanson Robotics
  • Honda Motor
  • Intuitive Surgical
  • Irobot
  • Kuka
  • Omron Adept Technologies
  • Rethink Robotics
  • Samsung Electronics
  • Softbank
  • Yaskawa Electric
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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