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Market Research Report
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1065975

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

Published: | IMARC Services Private Limited | 145 Pages | Delivery time: 2-3 business days

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Smart Robot Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
Published: March 15, 2022
IMARC Services Private Limited
Content info: 145 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents
  • List of Tables

The global smart robot market reached a value of US$ 8.94 Billion in 2021. Looking forward, IMARC Group 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:

  • IMARC Group 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?
Product Code: SR0322A245_Report

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