Global Smart Robots Market 2023-2027

Description

List of Tables

Technavio has been monitoring the smart robots market and is forecast to grow by $13,222.51 mn during 2022-2027, accelerating at a CAGR of 19.5% during the forecast period. Our report on the smart robots market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing focus of companies on factory automation, technological advances in smart robots, and growing government funding for smart robots.

Technavio's smart robots market is segmented as below:

By Product

Professional service robots
Personal service robots
Collaborative robots

By Solution

Software
Hardware
Service

By Geographical Landscape

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the rise in number of M&A activities as one of the prime reasons driving the smart robots market growth during the next few years. Also, increasing investments in robotics industry by venture capitalists and growing demand for smart robots in automotive industry will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the smart robots market covers the following areas:

Smart robots market sizing
Smart robots market forecast
Smart robots market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart robots market vendors that include ABB Ltd., Clearpath Robotics Inc., Ecovacs Robotics Co. Ltd, FANUC Corp., HANSON ROBOTICS Ltd., Husqvarna AB, Kawasaki Heavy Industries Ltd., L3Harris Technologies Inc., MIDEA Group, OMRON Corp., QinetiQ Ltd., Rethink Robotics GmbH, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Yaskawa Electric Corp., Amazon.com Inc., Dyson Technology India Pvt. Ltd., Gaussian Robotics Pte Ltd., LG Electronics Inc., and Ubtech Robotics Inc. Also, the smart robots market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR40828

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by Solution
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global smart robots market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global smart robots market 2017 - 2021 ($ million)
4.2 Product Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Product Segment 2017 - 2021 ($ million)
4.3 Solutions Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Solutions Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2022-2027 (%)
Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Professional service robots - Market size and forecast 2022-2027
Exhibit 34: Chart on Professional service robots - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Professional service robots - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Professional service robots - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Professional service robots - Year-over-year growth 2022-2027 (%)
6.4 Personal service robots - Market size and forecast 2022-2027
Exhibit 38: Chart on Personal service robots - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Personal service robots - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Personal service robots - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Personal service robots - Year-over-year growth 2022-2027 (%)
6.5 Collaborative robots - Market size and forecast 2022-2027
Exhibit 42: Chart on Collaborative robots - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Collaborative robots - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Collaborative robots - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Collaborative robots - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by Product
Exhibit 46: Market opportunity by Product ($ million)

7 Market Segmentation by Solution

7.1 Market segments
Exhibit 47: Chart on Solution - Market share 2022-2027 (%)
Exhibit 48: Data Table on Solution - Market share 2022-2027 (%)
7.2 Comparison by Solution
Exhibit 49: Chart on Comparison by Solution
Exhibit 50: Data Table on Comparison by Solution
7.3 Software - Market size and forecast 2022-2027
Exhibit 51: Chart on Software - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Software - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Software - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Software - Year-over-year growth 2022-2027 (%)
7.4 Hardware - Market size and forecast 2022-2027
Exhibit 55: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Hardware - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
7.5 Service - Market size and forecast 2022-2027
Exhibit 59: Chart on Service - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Service - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Service - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Service - Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Solution
Exhibit 63: Market opportunity by Solution ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 65: Chart on Market share By Geographical Landscape 2022-2027 (%)
Exhibit 66: Data Table on Market share By Geographical Landscape 2022-2027 (%)
9.2 Geographic comparison
Exhibit 67: Chart on Geographic comparison
Exhibit 68: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 North America - Market size and forecast 2022-2027
Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 China - Market size and forecast 2022-2027
Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
9.10 Japan - Market size and forecast 2022-2027
Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.11 Germany - Market size and forecast 2022-2027
Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.12 South Korea - Market size and forecast 2022-2027
Exhibit 105: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on South Korea - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 109: Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 110: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 112: Overview on factors of disruption
11.4 Industry risks
Exhibit 113: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 114: Vendors covered
12.2 Market positioning of vendors
Exhibit 115: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 116: ABB Ltd. - Overview
Exhibit 117: ABB Ltd. - Business segments
Exhibit 118: ABB Ltd. - Key offerings
Exhibit 119: ABB Ltd. - Segment focus
12.4 Clearpath Robotics Inc.
Exhibit 120: Clearpath Robotics Inc. - Overview
Exhibit 121: Clearpath Robotics Inc. - Product / Service
Exhibit 122: Clearpath Robotics Inc. - Key offerings
12.5 Ecovacs Robotics Co. Ltd
Exhibit 123: Ecovacs Robotics Co. Ltd - Overview
Exhibit 124: Ecovacs Robotics Co. Ltd - Product / Service
Exhibit 125: Ecovacs Robotics Co. Ltd - Key offerings
12.6 FANUC Corp.
Exhibit 126: FANUC Corp. - Overview
Exhibit 127: FANUC Corp. - Product / Service
Exhibit 128: FANUC Corp. - Key offerings
12.7 HANSON ROBOTICS Ltd.
Exhibit 129: HANSON ROBOTICS Ltd. - Overview
Exhibit 130: HANSON ROBOTICS Ltd. - Product / Service
Exhibit 131: HANSON ROBOTICS Ltd. - Key offerings
12.8 Husqvarna AB
Exhibit 132: Husqvarna AB - Overview
Exhibit 133: Husqvarna AB - Business segments
Exhibit 134: Husqvarna AB - Key news
Exhibit 135: Husqvarna AB - Key offerings
Exhibit 136: Husqvarna AB - Segment focus
12.9 Kawasaki Heavy Industries Ltd.
Exhibit 137: Kawasaki Heavy Industries Ltd. - Overview
Exhibit 138: Kawasaki Heavy Industries Ltd. - Business segments
Exhibit 139: Kawasaki Heavy Industries Ltd. - Key news
Exhibit 140: Kawasaki Heavy Industries Ltd. - Key offerings
Exhibit 141: Kawasaki Heavy Industries Ltd. - Segment focus
12.10 L3Harris Technologies Inc.
Exhibit 142: L3Harris Technologies Inc. - Overview
Exhibit 143: L3Harris Technologies Inc. - Business segments
Exhibit 144: L3Harris Technologies Inc. - Key news
Exhibit 145: L3Harris Technologies Inc. - Key offerings
Exhibit 146: L3Harris Technologies Inc. - Segment focus
12.11 MIDEA Group
Exhibit 147: MIDEA Group - Overview
Exhibit 148: MIDEA Group - Business segments
Exhibit 149: MIDEA Group - Key offerings
Exhibit 150: MIDEA Group - Segment focus
12.12 OMRON Corp.
Exhibit 151: OMRON Corp. - Overview
Exhibit 152: OMRON Corp. - Business segments
Exhibit 153: OMRON Corp. - Key news
Exhibit 154: OMRON Corp. - Key offerings
Exhibit 155: OMRON Corp. - Segment focus
12.13 QinetiQ Ltd.
Exhibit 156: QinetiQ Ltd. - Overview
Exhibit 157: QinetiQ Ltd. - Business segments
Exhibit 158: QinetiQ Ltd. - Key offerings
Exhibit 159: QinetiQ Ltd. - Segment focus
12.14 Amazon.com Inc.
Exhibit 160: Amazon.com Inc. - Overview
Exhibit 161: Amazon.com Inc. - Business segments
Exhibit 162: Amazon.com Inc. - Key news
Exhibit 163: Amazon.com Inc. - Key offerings
Exhibit 164: Amazon.com Inc. - Segment focus
12.15 Dyson Technology India Pvt. Ltd.
Exhibit 165: Dyson Technology India Pvt. Ltd. - Overview
Exhibit 166: Dyson Technology India Pvt. Ltd. - Product / Service
Exhibit 167: Dyson Technology India Pvt. Ltd. - Key offerings
12.16 Gaussian Robotics Pte Ltd.
Exhibit 168: Gaussian Robotics Pte Ltd. - Overview
Exhibit 169: Gaussian Robotics Pte Ltd. - Product / Service
Exhibit 170: Gaussian Robotics Pte Ltd. - Key offerings
12.17 LG Electronics Inc.
Exhibit 171: LG Electronics Inc. - Overview
Exhibit 172: LG Electronics Inc. - Business segments
Exhibit 173: LG Electronics Inc. - Key news
Exhibit 174: LG Electronics Inc. - Key offerings
Exhibit 175: LG Electronics Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations
- in manufacturing industry: Market dynamics in some major process and discrete industries are changing drastically, and manufacturers are gradually feeling the brunt of excessive demand fluctuations. The fluctuating prices of oil and gas and metals in the global market and the shortage of a skilled workforce worldwide have directly affected the profitability of manufacturing companies. A sudden and unexpected shift in market dynamics can drastically impact manufacturing processes and investments in capital goods.