Smart Robots Market Size, Share by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region - Global Forecast to 2025
[245 Pages Report] According to MarketsandMarkets, the global smart robots market size is projected to grow from USD 6.1 billion in 2020 to USD 23.0 billion by 2025; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 30.5% during 2020–2025. Increasing funding for research on robots is one of the major drivers contributing to the growth of the market. Funding for research on robotics has increased significantly over the past few years. Governments of multiple countries are undertaking initiatives for the development of robotics technology. For instance, with a total budget of ~USD 314 million (EUR 235), the European Commission has funded research, innovation, and development activities for smart service robots in assisted living environments, such as rehabilitation centers, under the Active and Assisted Living (AAL) joint program for the period of 2018 to 2020. The increasing demand for smart robots is due to the rising integration of IoT in robots for cost-efficient predictive maintenance. Predictive maintenance is forecasting potential issues before they happen. An IoT-based solution allows storing terabytes of data and running machine learning algorithms on several computers parallel to forecast potential hazards and pinpoint when industrial equipment are likely to fail, thereby assisting in predictive maintenance.
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Impact of COVID-19 on current smart robots market size and forecast
Due to the COVID-19 outbreak, the global economy has shrunk considerably. Therefore, the demand for domestic robots has come down. Governments, mainly in developed nations, are undertaking initiative to deploy robots for disinfection of building, assistance in hospitals, and entertainment of quarantined patients. China has been at the forefront of rolling out robots for combating COVID-19. China has seen a partnership between UNIDO’s (United Nations Industrial Development Organization) Investment and Technology Promotion Office (ITPO) in Shanghai. Meituan Dianping, a China-based consumer delivery app, ramped up its contactless delivery options through autonomous vehicles and robots. Deployment of robots have also been seen in other parts of the world. For instance, in Barcelona, Spain, the TIAGo Base robot of PAL Robotics (Spain) is being used to deliver food and carry objects such as medication and samples around hospitals and similar environments. In Italy, Tommy, a robot nurse, is helping doctors and nurses in a hospital in Varese, Lombardia, to monitor vital signs from devices in rooms, and assist corona virus patients to send messages to doctors. In Valencia, Spain, Robotnik (Spain) is developing a mobile robot base through ENDORSE (an EU-funded project), which can serve as an interface to obtain patient status remotely. In Denmark, Life Science Robotics (LSR) created ROBERT, a device with an integrated lightweight KUKA (Germany) robot, to support physiotherapists in mobilizing patients, in times of social distancing.
Professional applications to hold a larger share of smart robots market share in 2020
Professional applications are expected to hold the larger share of smart robots market in 2020. The scope of using robots for professional applications is vast. Professional robots are widely used in field/agricultural applications. The said market is expected to be driven by the increasing demand from logistics management applications. The boom in the e-commerce industry has translated into increased demand for robots in warehouses and for delivery. Professional robots have also gained popularity due to COVID-19 as they are increasingly being used for the disinfection of buildings. Robots are also being used for monitoring and ensuring that social distancing or lockdown guidelines are being followed. They are also interacting directly with symptomatic patients, taking temperatures, carrying out logistics tasks, and handling materials in hospitals. In the race to find a vaccine for COVID-19, robots are again being deployed to handle samples, and, in some cases, AI-based robots are also being used to accelerate the manipulation of data with the intent of shortening the development process.
Control systems to hold largest share of overall smart robots hardware market in 2020
Control systems to hold largest share of overall smart robots hardware market in 2020. Controllers are the most essential and valuable part of a smart robot as the speed and accuracy of processing information depends on them. Based on the complexity of the system, the prices of controllers can go high, resulting in the maximum value addition to the overall smart robot hardware circuitry. However, the sensors segment is expected to grow at the highest CAGR during the forecast period as sensors are expected to be key in expanding the scope of applications performed by robots. To gain an edge over the smart robots market, manufacturers are making robots smarter, interactive, and user friendly, along with adding new features to their products. These new features are leading to the integration of several new types of sensors into the overall smart robot design.
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China to hold the largest share of smart robots market in APAC in 2020
In 2020, China to hold the largest share of the smart robots market in APAC. According to the 2018 white paper on Shenzhen's Robot Industrial Development, the output value of service robots in Shenzhen increased by 21.8% year-on-year to about USD 5 billion in 2018. In 2011, China introduced its 12th Five- Year Plan, and the government identified service robotics as a key area for development for the first time. During the 7th China Information Technology Expo, in 2019, a robot called Youxiaomei was serving visitors with water and tea. According to International Organization of Motor Vehicle Manufacturers (OICA), China is the world’s largest manufacturer of automobiles, with Japan accounting for the highest number of vehicle imports. Therefore, there is huge demand for smart industrial robots in China.
Smaer Robotics Market Size Dynamics
Driver: Rising integration of IoT in robots for cost-efficient predictive maintenance
Through the internet of things (IoT) digital networking of various machines, robots and systems are adopted to form integrated smart processes. Predictive maintenance is forecasting potential issues before they happen. An IoT-based solution allows storing terabytes of data and running machine learning algorithms on several computers parallel to forecast potential hazards and pinpoint when industrial equipment are likely to fail, thereby assisting in predictive maintenance. Data such as heat and voltage from various sensors in a robot are gathered on cloud, and then the data is analyzed with machine learning (ML) algorithms. ML algorithms are applied to reveal hidden correlations in data sets and detect abnormal data patterns.
Historically, maintenance activities were scheduled based on the time of the previous check and the age of the equipment. A worldwide study from the ARC group states that only 18% of equipment fail due to their age. The remaining 82% of failures occur randomly. The adoption of IoT in robots for predictive maintenance has reduced maintenance costs and downtime significantly. According to a MarketsandMarkets report, in terms of value, the market for the Internet of Robotic Things is expected to grow at a CAGR of 29.7% during 2015–2022. iRobot (US), Amazon Robotics (US), and DJI (China) are a few of the companies which have integrated IoT with their robots for predictive maintenance and offer the benefit of low maintenance costs.
Restraint: Data privacy concerns and stringent regulations
There are ethical issues concerning the ownership of data, especially with the rise of software services for robots. With the increase of domestic robots for household chores, education, and entertainment, the private information of individuals is available on cloud. This data can often be purchased by third parties such as marketing agencies, and the privacy of individuals can be infringed upon. For instance, Amazon (US) and Google (US) have enabled voice activation and smart response for various robots such as Lynx (Humanoid) and Roomba (vacuum cleaner). The voice from these devices can be infringed upon and misused. Hence, data security must also be considered. Other ethical aspects of robots, such as liability frameworks and the reuse of robot collected data for research or studies, also need to be considered by governments worldwide. The lack of standardization in technology also complicates the integration of systems, as the majority of equipment manufacturers use their in-house interface protocols for communications. The consequences of a data breach are significant in healthcare and military & defense sectors and, therefore, require regulations without stifling the technology.
Apart from this, in the case of delivery robots, public traffic areas designated to pedestrians are used, which binds them to operate under a legal regulatory framework. Most western legal authorities hold the manufacturer responsible for negligence if the delivery robot causes any damage or injury to a user or people passing by the robot. In 2017, San Francisco officials passed one of the most restrictive regulatory laws on delivery robots operating in the US. This regulation was a result of people complaining about robots crowding the sidewalks, making transit difficult for pedestrians. Till March 2018, no startup had secured a permit for the road testing of robots. In 2019, California allowed testing of autonomous vehicles weighing less than 10,000 pounds. Any vehicle weighing more than 10,000 pounds is still not permitted. Such stringent regulations are restraining the growth of the smart robots market.
Opportunity: COVID-19 pandemic prompting several industries to adopt automation technologies
In the wake of the COVID-19 outbreak, several industries fell short of the workforce. Therefore, to be ready for such future situations, companies are moving towards adopting robots. For instance, activities in the food & beverages industry are covered under the Essential Commodities Act; companies in this industry can continue producing food items and beverages and would move toward automation to be ready for future crises, thereby leading to a rise in demand for smart industrial robots from this sector. Many countries are expected to open more pharmaceutical companies to be self-sufficient and be ready for any future crisis. This, in turn, would lead to an increase in demand for robots from the pharmaceuticals sector. Robots expedite various processes, such as filling and closing syringes, packaging IV bags, drug manufacturing, and inspection. Moreover, smart industrial robots are expected to witness high demand as there would be a need to produce large quantities of vaccines for coronavirus in a short span of time, and robots would help speed up the process. Smart robots are being widely used for disinfection worldwide. For instance, UVD Robots (Denmark), a subsidiary of Blue Ocean Robotics (Denmark), are being used to disinfect patient rooms and operating theaters in hospitals. The robots consist of a mobile base equipped with multiple lidar sensors and an array of powerful short-wavelength ultraviolet-C (UVC) lights. Xenex Disinfection Services LLC (US) makes full-spectrum UV Germ-Zapping Robots to eliminate harmful bacteria, viruses, and spores that can cause healthcare-associated infections (HAIs). China has opened a field hospital in the Hongshan Sports Center in Wuhan, staffed by robots to serve 20,000 patients to relieve healthcare workers overwhelmed by the coronavirus.
Challenge: Inaccurate results impeding use in critical operations
Robots are used in various critical applications, such as medical surgeries, bomb diffusion, and the security and assistance of senior citizens. As robots cannot be programmed for all possibilities, in applications such as medical surgeries where each human body can throw a new challenge, robots are not well suited to be deployed until further developments. According to the US Food and Drug Administration (FDA), during 2016–2018, 32 adverse events were reported with reference to robotically assisted surgeries of cancer, carcinoma, or tumor. Also, robots can incur technical issues, such as the occurrence of viruses in programs and loss in connectivity with the Internet, while performing a critical operation. Therefore, more accurate programming considering all possibilities and the availability of a backup for internet connectivity and power are essential for more accurate performance by robots. Also, there can be accidents due to faulty circuits and batteries. For instance, in 2018, an autonomous food delivery robot manufactured by Kiwibot (Czech Republic) burst into flames in California due to the use of a faulty battery. In drones, there is a challenge to improve accuracy for avoiding collisions with moving objects, which change direction frequently. For instance, larger flying birds such as eagles can attack or capture drones while navigating the atmosphere and taking important photos or videos, and drones should be accurate in identifying such obstacles at a long enough distance to avoid accidents. Also, drones are easily affected by weather, and strong winds can affect their accuracy. Lithium polymer batteries used in drones are very sensitive to moisture. Fog may hit drones and form water droplets, which may cause malfunctions. The output of a robot depends on various parameters, and malfunction in any of the parameters can reduce the accuracy of the robot. Accuracy is more important in healthcare, last-mile-delivery, and retail sectors where robots are in close vicinity with humans. The challenge of accuracy can be overcome by more detailed programming, which takes into consideration all possible scenarios, and by using circuitry, which has safety measures incorporated.
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Scope of the Report:
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Report Metric |
Details |
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Market size available for years |
2017—2025 |
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Base year |
2019 |
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Forecast period |
2020—2025 |
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Units |
Value (USD million/billion) and Volume (Units) |
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Segments covered |
Type, component, operating environment, mobility, application, and geography |
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Geographic regions covered |
North America, Europe, APAC, and RoW |
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Companies covered |
iRobot (US), SoftBank Robotics Group (Japan), ABB (Switzerland), KUKA (Germany), FANUC (Japan), Hanson Robotics (China), Amazon (US), YASKAWA (Japan), BLUE FROG ROBOTICS (France), Kongsberg Maritime (Norway), Universal Robots (Denmark), ECA GROUP (France), DeLaval (Sweden), Intuitive Surgical (US), Neato robotics (US), Bluefin Robotics (US), Rethink Robotics (US), Aethon (US), Samsung Electronics (South Korea), GeckoSystems (US) |
This report categorizes the smart robots market based on type, component, operating environment, mobility, application, and geography.
By Component:
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Hardware
- Sensors
- Actuators
- Power sources
- Control systems
- Others (body material and other electronic, electrical, & mechanical components
- Software
- COVID-19 Impact on Market for Various Components
By Mobility:
- Stationary
- Mobile
- COVID-19 Impact on Market, By Mobility
By Operating Environment:
- Ground
- Underwater
- COVID-19 Impact on Market, By Operating Environment
By Application:
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Personal and Domestic
- Companionship
- Education and Entertainment
- Domestic
- Others (Elderly Assistance and Home Security)
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Professional
- Military & Defense
- Law Enforcement
- Public Relations
- Logistics Management
- Industrial
- Inspection and Maintenance
- Field/Agricultural
- Healthcare Assistance
- Others (Construction & Demolition and Professional Cleaning)
- COVID-19 Impact on Market for Various Applications
By Geography:
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North America
- US
- Canada
- Mexico
-
Europe
- Germany
- Italy
- Spain
- France
- UK
- Rest of Europe
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APAC
- China
- South Korea
- Japan
- India
- Rest of APAC
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RoW
- Middle East and Africa
- South America
- COVID-19 Impact on Market in Various Regions
Key Market Players
Major companies in the smart robots market are iRobot (US), SoftBank Robotics Group (Japan), ABB (Switzerland), KUKA (Germany), FANUC (Japan), Hanson Robotics (China), Amazon (US), YASKAWA (Japan), BLUE FROG ROBOTICS (France), Kongsberg Maritime (Norway), Universal Robots (Denmark), ECA GROUP (France), DeLaval (Sweden), Intuitive Surgical (US), Neato robotics (US), Bluefin Robotics (US), Rethink Robotics (US), Aethon (US), Samsung Electronics (South Korea), GeckoSystems (US).
SoftBank Robotics (Japan) follows the strategy of outsourcing. SoftBank outsourced the manufacture of Pepper to Foxconn (Taiwan), the world’s largest EMS (Electronics Manufacturing Service). This facilitated a drastic cost saving from its high-cost production in Aldebaran, France, where it held the job shop production model. SoftBank Robotics has the advantage of saving sales and promotion costs by utilizing the business asset of SoftBank Group. The company is mainly focusing toward developed economies such as Germany, the US, and the UAE, which can afford to adopt robots irrespective of their high costs owing to which the company has established a better brand awareness compared with its competitors such as Robotis (South Korea), HANSON ROBOTICS (China), and UBTECH Robotics (China). The same strategy of focusing mainly on developed economies is expected to be adopted by the company in the coming years to further enhance brand awareness.
Recent Developments
- In February 2020, ABB and Silicon Valley start-up Covariant (US) partnered to work on warehouse robotics for e-commerce companies like Amazon Inc. (US) and Alibaba Group Holding Ltd. (China).
- In April 2019, Boston Dynamics (US), a subsidiary of SoftBank Robotics Group, acquired Kinema Systems (US). The acquisition helped SoftBank Robotics Group to integrate its robotic hands with deep learning technology to locate and move boxes on complex pallets.
- In January 2019, iRobot launched Terra Mow, a mower that eliminates the need for costly and labor-intensive boundary wires. Initially, it was available for sales in Germany and as a beta program in the US.
Frequently Asked Questions (FAQ):
What will be the dynamics for the adoption of smart robots based on their type?
In 2019, service robots held larger share of smart robots market than industrial robots. This is because smart technology has mostly been implemented on collaborative robots and mobile robot among various industrial robots. Other industrial robots are yet to be introduced to smart technology. High cost of smart technology for industrial robots is slowing the process of penetration. Most of the service robots are integrated with smart technology like AI to enable various features such as facial recognition and taking adequate actions based on previous experience.
What will be the dynamics for the adoption of smart robots based on components?
Controllers are the most essential and valuable part of a smart robot as the speed and accuracy of processing information depends on them. Based on the complexity of the system, the prices of controllers can go high, resulting in the maximum value addition to the overall smart robot hardware circuitry. However, the sensors segment is expected to grow at the highest CAGR during the forecast period as sensors are expected to be key in expanding the scope of applications performed by robots. To gain an edge over the smart robots market, manufacturers are making robots smarter, interactive, and user friendly, along with adding new features to their products. These new features are leading to the integration of several new types of sensors into the overall smart robot design.
How will different regions (North America, Europe, APAC, and Row) contribute to the overall smart robots market growth by 2025?
In 2019, North America held the largest share of the overall smart robots market. The region is an early adopter of smart robots for all major industrial and service applications; thus, it generates maximum demand for robots. North America is home to a number of industry players, which provides it unprecedented leverage over other regions. According to the International Federation of Robotics (IFR), in 2017, out of 700 registered manufacturers of service robots, 240 were located in North America.
What will be the growth rate of smart robots for various applications?
The logistics management segment is expected to grow at the highest CAGR during the forecast period. With the rise in population and growth of the e-commerce industry, warehouses are being automated to meet quick delivery expectations. Amazon’s gross sale for Amazon Prime Day 2019 accounted for USD 7.16 Billion. In addition, with the relaxation of government regulations allowing trials and the use of delivery robots, the market for last-mile delivery robots is expected to grow in the coming years. The adoption of robots for last-mile delivery would be mainly driven by the less time taken to complete the last-mile delivery at a lower cost than that of manual delivery. For instance, the cost per last-mile delivery at present is about USD 1.6 via human drivers, which could be reduced to approximately USD 0.06 using autonomous delivery robots.
What are the key market dynamics influencing market growth? How will they turn into strengths or weaknesses of companies operating in the smart robots market space?
The increasing demand for smart robots is due to the rising use of IoT in robots for cost-effective predictive maintenance. Predictive maintenance is forecasting potential issues before they happen. An IoT-based solution allows storing terabytes of data and running machine learning algorithms on several computers parallel to forecast potential hazards and pinpoint when industrial equipment are likely to fail, thereby assisting in predictive maintenance. Robots are increasingly being adopted for new applications due to various advantages such as increased productivity, streamlined processes, and greater workplace safety. The main advantage of using robots is the reduction in the cost of operation and high ROI. One of the restraints for this market is the concern over data privacy and regulations. There are ethical issues concerning the ownership of data, especially with the rise of software services for robotics. Similar to other technological domains, a similar situation can arise where a small number of companies own the majority of the customer information.
What would be the impact of COVID-19 on smart robots market?
Many of the industry experts have an opinion that the COVID-19 pandemic would subside by Q3 of FY2020. Considering the inputs from various industry experts belonging to various stages of the value chain, such as OEMs, suppliers, end-users, and distributors, and the financial releases of various companies in the smart robots ecosystem for 2020, we estimate that the smart robots market might witness a decline of ~2% during 2019–2020. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 29)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
FIGURE 1 SMART ROBOTS MARKET SEGMENTATION
1.3.1 YEARS CONSIDERED
1.4 CURRENCY
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 34)
2.1 RESEARCH DATA
FIGURE 2 SMART ROBOTS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Major secondary sources
2.1.1.2 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Breakdown of primaries
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.1.3.1 Key industry insights
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – BOTTOM-UP (DEMAND SIDE)—DEMAND FOR SMART ROBOTS IN US
FIGURE 4 SMART ROBOTS MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM PRODUCTS IN SMART ROBOTS MARKET
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR A COMPANY IN SMART ROBOTS MARKET
FIGURE 7 SMART ROBOTS MARKET: TOP-DOWN APPROACH
2.2.3 MARKET PROJECTIONS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS
2.4.1 ASSUMPTIONS
2.4.2 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 45)
TABLE 1 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
3.1 REALISTIC SCENARIO
3.2 OPTIMISTIC SCENARIO
3.3 PESSIMISTIC SCENARIO
FIGURE 9 SMART ROBOTS MARKET GROWTH PROJECTION BY ADOPTING REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
FIGURE 10 IMPACT OF COVID-19 ON SMART ROBOTS MARKET
FIGURE 11 SERVICE ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET THROUGHOUT FORECAST PERIOD
FIGURE 12 HARDWARE TO HOLD LARGER SHARE OF SMART ROBOTS MARKET THROUGHOUT FORECAST PERIOD
FIGURE 13 MOBILE ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET IN 2020
FIGURE 14 GROUND ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET THROUGHOUT FORECAST PERIOD
FIGURE 15 SMART ROBOTS WILL BE PRIMARILY DEPLOYED FOR DOMESTIC APPLICATION IN 2020
FIGURE 16 APAC TO GROW AT HIGHEST CAGR IN SMART ROBOTS MARKET DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 54)
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN SMART ROBOTS MARKET
FIGURE 17 RISING INTEGRATION OF IOT IN ROBOTS FOR COST-EFFICIENT PREDICTIVE MAINTENANCE TO BOOST DEMAND FOR SMART ROBOTS DURING FORECAST PERIOD
4.2 SMART ROBOTS MARKET, BY MOBILITY
FIGURE 18 MOBILE ROBOTS ARE EXPECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
4.3 SMART ROBOTS MARKET IN NORTH AMERICA, BY APPLICATION VS. BY COUNTRY
FIGURE 19 PROFESSIONAL APPLICATIONS AND US TO HOLD LARGEST SHARE OF SMART ROBOTS MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY, RESPECTIVELY, IN 2020
4.4 SMART ROBOTS MARKET, BY TYPE
FIGURE 20 SERVICE ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET IN 2020
4.5 SMART ROBOTS MARKET, BY APPLICATION
FIGURE 21 COMPANIONSHIP ROBOTS ARE EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.6 SMART ROBOTS MARKET, BY COUNTRY
FIGURE 22 US TO HOLD LARGEST SHARE OF SMART ROBOTS MARKET IN 2020
5 MARKET OVERVIEW (Page No. - 57)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 23 IMPACT OF DRIVERS AND OPPORTUNITIES ON SMART ROBOTS MARKET
FIGURE 24 IMPACT OF RESTRAINTS AND CHALLENGES ON SMART ROBOTS MARKET
5.2.1 DRIVERS
5.2.1.1 Anticipated labor shortage due to COVID-19-responsive ban on migration
5.2.1.2 Growing adoption of robots for new applications
5.2.1.3 Rising integration of IoT in robots for cost-efficient predictive maintenance
FIGURE 25 INTERNET OF ROBOTIC THINGS MARKET, 2015–2022
5.2.1.4 Increasing funding for research on robots
5.2.2 RESTRAINTS
5.2.2.1 Data privacy concerns and stringent regulations
5.2.3 OPPORTUNITIES
5.2.3.1 COVID-19 pandemic prompting several industries to adopt automation technologies
5.2.3.2 Increased adoption of robots for companionship, handicap assistance, and elderly care
FIGURE 26 PROJECTION OF POPULATION ABOVE 60 YEARS OF AGE
5.2.3.3 Adoption of swarm intelligence technology enabling robots to perform various complex tasks with ease
FIGURE 27 SWARM INTELLIGENCE MARKET GROWTH DURING 2020–2030
5.2.4 CHALLENGES
5.2.4.1 Difficulties faced by startup companies to demonstrate their products virtually during COVID-19
5.2.4.2 Inaccurate results impeding use in critical operations
5.3 CASE STUDIES
5.3.1 PERSONAL APPLICATIONS (SMART HOME ROBOTS)
5.3.1.1 I7+ floor cleaning robot by iRobot (US)
5.3.1.2 Zenbo by ASUSTek Computer (Taiwan)
5.3.1.3 Landroid by Worx (US)
5.3.1.4 Roybi robot by ROYBI (US)
5.3.1.5 Forpheus, Omron’s (Japan) table tennis-playing robot
5.3.2 PROFESSIONAL APPLICATIONS (INTELLIGENT ROBOTS)
5.3.2.1 Phoenix Children’s Hospital uses robotic guidance for neurosurgery
5.3.2.2 Relay robot developed by Savioke (US) used in hotels such as Starwood (US) and InterContinental Group (US)
5.3.3 INDUSTRIAL APPLICATIONS (AI-INTEGRATED ROBOTIC SYSTEM)
5.3.3.1 Roboteco (Italy) developed industry 4.0 robotic welding cell for Steel-Tech (US)
5.3.3.2 Ford Motor Company automated its vehicle production line with KUKA LBR iiwa
5.3.3.3 ASM Assembly Systems used KUKA LBR iiwa robots to optimize its SMT lines for the electronics industry
5.3.3.4 P4Q electronics increased its production throughput by 25% by deploying smart, adaptable cobot on factory floor
5.4 AVERAGE SELLING PRICE AS PER USE CASES
6 INDUSTRY TRENDS (Page No. - 68)
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 28 VALUE CHAIN ANALYSIS OF SMART ROBOTS ECOSYSTEM: R&D AND MANUFACTURING PHASES CONTRIBUTE MAXIMUM VALUE
6.3 ECOSYSTEM MAP
6.4 PATENT ANALYSIS
TABLE 2 IMPORTANT INNOVATIONS AND PATENT REGISTRATION
FIGURE 29 PUBLICATION TRENDS
6.5 TECHNOLOGY TRENDS
6.5.1 CONVERGENCE OF ROBOTICS, IOT, AND CLOUD COMPUTING TO ENABLE PREDICTIVE MAINTENANCE
FIGURE 30 IIOT MARKET, 2020 & 2025
6.5.2 INTEGRATION WITH AI
6.5.3 INTEGRATION WITH 5G NETWORKS
6.5.4 CONNECTIVITY TECHNOLOGY
6.5.4.1 Ethernet
6.5.4.2 Wi-Fi
6.5.4.3 Bluetooth
6.5.4.4 Cellular
6.5.5 NETWORK DEVICES
6.5.5.1 Ethernet adapters
6.5.5.2 Interconnects
6.5.6 STORAGE DEVICES
6.5.7 INTEROPERABILITY SOFTWARE
6.6 TRADE DATA
6.6.1 VEHICLE PRODUCTION DATA
TABLE 3 GLOBAL VEHICLE PRODUCTION NUMBERS, BY REGION, 2018–2025 (MILLION UNITS)
TABLE 4 GLOBAL VEHICLE PRODUCTION NUMBERS, BY TYPE, 2018–2025 (MILLION UNITS)
6.7 TARIFFS AND REGULATIONS
6.7.1 NEGATIVE IMPACT OF TARIFFS ON SMART SERVICE ROBOTS
6.7.2 POSITIVE IMPACT OF TARIFFS ON SMART SERVICE ROBOTS
6.8 REGULATIONS
6.8.1 NORTH AMERICA
6.8.2 EUROPE
6.8.3 APAC
7 SMART ROBOTS MARKET, BY COMPONENT (Page No. - 81)
7.1 INTRODUCTION
FIGURE 31 SMART ROBOTS MARKET FOR SOFTWARE EXPECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD
TABLE 5 SMART ROBOTS MARKET, BY COMPONENT, 2017–2025 (USD MILLION)
7.2 HARDWARE
TABLE 6 SMART ROBOTS MARKET FOR HARDWARE, BY COMPONENT, 2017–2025 (USD MILLION)
TABLE 7 SMART ROBOTS MARKET FOR HARDWARE, BY ROBOT TYPE, 2017–2025 (USD MILLION)
7.2.1 SENSORS
TABLE 8 SMART ROBOTS MARKET FOR SENSOR, BY TYPE, 2017–2025 (USD MILLION)
7.2.1.1 Gyroscope
7.2.1.1.1 Gyroscopes facilitate rotation and operation measurement and are critical for performing complex applications
7.2.1.2 Average selling prices of gyroscope
7.2.1.3 Microphones
7.2.1.3.1 Microphones are critical for human-robot interactions
7.2.1.4 Accelerometers
7.2.1.4.1 Accelerometers are being widely used as impact (shock) or vibration sensors
7.2.1.5 Average selling prices of accelerometers
7.2.1.6 Tilt sensors
7.2.1.6.1 Tilt sensors critical in maintaining constant position and stability of robots
7.2.1.7 Force/torque sensors
7.2.1.7.1 Force sensors help smart robots carry out force regulation, react to object contacts and make decisions regarding task
7.2.1.8 Average selling prices of force sensors
7.2.1.9 Position sensors
7.2.1.9.1 Position sensors are used by several robots such as surgical robots, automated guided vehicles, and telepresence robots
7.2.1.10 Average selling prices of position sensors
7.2.1.11 Vision/image sensors
7.2.1.11.1 Vision sensors facilitate 2D and 3D image sensing in visible and nonvisible spectrum
7.2.1.12 Average selling prices of vision sensors
7.2.1.13 Others
7.2.2 ACTUATORS
FIGURE 32 PIEZOELECTRIC SEGMENT IS EXPECTED TO GROW AT A HIGHEST CAGR DURING FORECAST PERIOD IN SMART ROBOTS MARKET FOR ACTUATORS
TABLE 9 SMART ROBOTS MARKET FOR ACTUATORS, BY TYPE, 2017–2025 (USD MILLION)
7.2.2.1 Electrical
7.2.2.1.1 Electrical actuators held largest share of smart robots market for actuators in 2019
7.2.2.2 Average selling prices of electrical actuators
7.2.2.3 Pneumatic
7.2.2.3.1 Pneumatic actuators are lightweight, require minimal maintenance, and offer cost-efficient means of providing linear motion to robots
7.2.2.4 Average selling prices of pneumatic actuators
7.2.2.5 Hydraulic
7.2.2.5.1 Hydraulic actuators are used in robotics applications where heavy forces and high speed are required
7.2.2.6 Average selling prices of hydraulic actuators
7.2.2.7 Piezoelectric
7.2.2.7.1 Market for piezoelectric actuators is expected to grow at highest CAGR during forecast period
7.2.2.8 Average selling prices of piezoelectric actuators
7.2.2.9 Ultrasonic
7.2.2.9.1 Ultrasonic actuators are used for controlling vibrations, positioning applications, and quick switching
7.2.2.10 Average selling prices of ultrasonic actuators
7.2.3 POWER SOURCES
7.2.3.1 Robotic systems use several types of power sources such as generator systems, hybrid systems, batteries, photovoltaic cells, and fuel cells
7.2.4 CONTROL SYSTEMS/CONTROLLERS
TABLE 10 SMART ROBOTS MARKET FOR CONTROL SYSTEMS, BY COMPONENT, 2017–2025 (USD MILLION)
7.2.4.1 Processors
7.2.4.1.1 Market for GPU is expected to grow at highest CAGR during forecast period
TABLE 11 DIFFERENCE BETWEEN VARIOUS TYPES OF PROCESSORS
TABLE 12 SMART ROBOTS MARKET FOR PROCESSORS, BY TYPE, 2017–2025 (USD MILLION)
7.2.4.2 Controllers
7.2.4.2.1 Controllers decide when and which data is to be processed by processor
7.2.5 OTHERS
7.3 SOFTWARE
7.3.1 SERVICE ROBOTS HELD LARGEST SHARE OF SMART ROBOTS MARKET FOR SOFTWARE
FIGURE 33 SMART ROBOTS SOFTWARE MARKET FOR INDUSTRIAL ROBOTS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 13 SMART ROBOTS MARKET FOR SOFTWARE, BY ROBOT TYPE, 2017–2025 (USD MILLION)
7.4 COVID-19 IMPACT ON MARKET FOR VARIOUS COMPONENTS
8 SMART ROBOTS MARKET, BY OPERATING ENVIRONMENT (Page No. - 98)
8.1 INTRODUCTION
FIGURE 34 GROUND ROBOTS SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD
TABLE 14 SMART ROBOTS MARKET, BY ENVIRONMENT, 2017–2025 (USD MILLION)
TABLE 15 SMART ROBOTS MARKET, BY ENVIRONMENT, 2017–2025 (THOUSAND UNITS)
8.2 GROUND
8.2.1 SMART GROUND ROBOTS ARE GENERALLY IN FORM OF COLLABORATIVE ROBOTS AND AGVS
TABLE 16 SMART ROBOTS MARKET FOR GROUND ROBOTS, BY MOBILITY, 2017–2025 (USD MILLION)
TABLE 17 SMART ROBOTS MARKET FOR GROUND ROBOTS, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 18 SMART GROUND ROBOTS MARKET FOR PERSONAL & DOMESTIC APPLICATIONS, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 19 SMART GROUND ROBOTS MARKET FOR PROFESSIONAL APPLICATIONS, BY APPLICATION, 2017–2025 (USD MILLION)
8.3 MARINE
8.3.1 MARINE ROBOTS ARE GENERALLY USED FOR OIL AND GAS EXPLORATION, PIPELINE INSPECTION, DEFENSE & MILITARY APPLICATIONS, ARCHAEOLOGICAL PURPOSES, AND OBJECT IDENTIFICATION
TABLE 20 SMART ROBOTS MARKET FOR MARINE ROBOTS, BY MOBILITY, 2017–2025 (USD MILLION)
TABLE 21 SMART ROBOTS MARKET FOR MARINE ROBOTS, BY APPLICATION, 2017–2025 (USD MILLION)
FIGURE 35 SMART MARINE ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 22 SMART MARINE ROBOTS MARKET FOR PROFESSIONAL APPLICATIONS, BY APPLICATION, 2017–2025 (USD MILLION)
8.4 COVID-19 IMPACT ON MARKET, BY OPERATING ENVIRONMENT
9 SMART ROBOT MARKET, BY TYPE (Page No. - 106)
9.1 INTRODUCTION
FIGURE 36 INDUSTRIAL ROBOTS SEGMENT IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD, IN TERMS OF VALUE
TABLE 23 SMART ROBOTS MARKET, BY TYPE, 2017–2025 (USD MILLION)
TABLE 24 SMART ROBOTS MARKET, BY TYPE, 2017–2025 (THOUSAND UNITS)
9.2 SERVICE ROBOTS
9.2.1 SERVICE ROBOTS HELP TO ACHIEVE SAVING ON LABOR COSTS
TABLE 25 SMART ROBOTS MARKET FOR SERVICE ROBOTS, BY COMPONENT, 2017–2025 (USD MILLION)
9.3 INDUSTRIAL ROBOTS
9.3.1 INTEGRATION WITH AI TO DRIVE MARKET FOR INDUSTRIAL ROBOTS
FIGURE 37 SOFTWARE SEGMENT IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD IN SMART INDUSTRIAL ROBOTS MARKET
TABLE 26 SMART ROBOTS MARKET FOR INDUSTRIAL ROBOTS, BY COMPONENT, 2017–2025 (USD MILLION)
9.4 COVID-19 IMPACT ON MARKET, BY TYPE
10 SMART ROBOT MARKET, BY MOBILITY (Page No. - 112)
10.1 INTRODUCTION
FIGURE 38 STATIONARY ROBOTS SEGMENT IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 27 SMART ROBOTS MARKET, BY MOBILITY, 2017–2025 (USD MILLION)
10.2 MOBILE
10.2.1 MOBILITY HELPS IN MAKING ROBOTS MORE AUTONOMOUS, FASTER, AND MORE EFFICIENT
TABLE 28 SMART ROBOTS MARKET FOR MOBILE ROBOTS, BY ENVIRONMENT, 2017–2025 (USD MILLION)
10.3 STATIONARY
10.3.1 STATIONARY ROBOTS ARE MAINLY USED FOR INDUSTRIAL APPLICATIONS
TABLE 29 SMART ROBOTS MARKET FOR STATIONARY ROBOTS, BY ENVIRONMENT, 2017–2025 (USD MILLION)
10.4 COVID-19 IMPACT ON MARKET, BY MOBILITY
11 SMART ROBOTS MARKET, BY APPLICATION (Page No. - 117)
11.1 INTRODUCTION
FIGURE 39 SMART ROBOTS MARKET FOR PROFESSIONAL APPLICATIONS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
TABLE 30 SMART ROBOTS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
11.2 PERSONAL AND DOMESTIC
TABLE 31 SMART ROBOTS MARKET, BY PERSONAL & DOMESTIC APPLICATION, 2017–2025 (USD MILLION)
11.2.1 COMPANIONSHIP
11.2.1.1 Decline of extended families and rise of working women is fueling demand for companionship robots
TABLE 32 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 33 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 34 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 35 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 36 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
11.2.2 EDUCATION AND ENTERTAINMENT
11.2.2.1 Trend of digital education to generate demand for educational robots
TABLE 37 SMART ROBOTS MARKET, BY EDUCATION & ENTERTAINMENT APPLICATION, 2017–2025 (USD MILLION)
FIGURE 40 SMART ROBOTS MARKET IN APAC FOR EDUCATION AND ENTERTAINMENT APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 38 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 39 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 40 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 41 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 42 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
11.2.3 DOMESTIC
11.2.3.1 Domestic robots are basically used for vacuuming, mowing lawns, and pool cleaning
TABLE 43 SMART ROBOTS MARKET, BY DOMESTIC APPLICATION, 2017–2025 (USD MILLION)
TABLE 44 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)
TABLE 45 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 46 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 47 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 48 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD MILLION)
11.2.4 OTHERS
11.2.4.1 Elderly and handicap assistance
11.2.4.1.1 Handicap assistive robots can sense sensory information of a human body and assist old and physically disabled people
11.2.4.2 Home security and surveillance
11.2.4.2.1 Home security and surveillance robots help in accessing blind spots and reducing false alarms
TABLE 49 SMART ROBOTS MARKET, BY OTHER PERSONAL & DOMESTIC APPLICATION, BY APPLICATION, 2017–2025 (USD MILLION)
TABLE 50 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 51 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 52 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 53 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 54 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
11.3 PROFESSIONAL
FIGURE 41 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 55 SMART ROBOTS MARKET, BY PROFESSIONAL APPLICATION, 2017–2025 (USD MILLION)
11.3.1 MILITARY & DEFENSE
TABLE 56 SMART ROBOTS MARKET, BY MILITARY & DEFENSE APPLICATION, 2017–2025 (USD MILLION)
TABLE 57 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)
TABLE 58 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 59 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 60 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 61 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD MILLION)
11.3.1.1 Spying
11.3.1.1.1 Unmanned ground vehicles and unmanned underwater vehicles are used for spying applications
11.3.1.2 Search and rescue operations
11.3.1.2.1 Search and rescue operation robots can reach places inaccessible by humans
11.3.1.3 Border security
11.3.1.3.1 Rising geopolitical instabilities and territorial conflicts driving demand for smart robots
11.3.1.4 Combat operations
11.3.1.4.1 Exoskeletons are widely used for combat operations
11.3.2 LAW ENFORCEMENT
TABLE 62 SMART ROBOTS MARKET, BY LAW ENFORCEMENT APPLICATION, 2017–2025 (USD MILLION)
FIGURE 42 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 63 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 64 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 65 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 66 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 67 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
11.3.2.1 Patrolling
11.3.2.1.1 Patrolling robots are generally capable of reading facial expressions and are multilingual
11.3.2.2 Riot control
11.3.2.2.1 Riot Control robots are equipped with non-lethal weapons for riot control and can be remotely controlled
11.3.3 PUBLIC RELATIONS
TABLE 68 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)
TABLE 69 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 70 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 71 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 72 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
11.3.3.1 Reception management
11.3.3.1.1 Hotels, companies, and retail industry use robots for reception management
11.3.3.2 Tour guidance
11.3.3.2.1 Tour guidance robots read faces, respond to various languages, understand emotions, and even imitate human emotions
11.3.3.3 Telepresence
11.3.3.3.1 Telepresence robots find application in healthcare, corporate, and personal applications
11.3.4 LOGISTICS MANAGEMENT
TABLE 73 SMART ROBOTS MARKET, BY LOGISTICS MANAGEMENT APPLICATION, 2017–2025 (USD MILLION)
FIGURE 43 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATIONS IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 74 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 75 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 76 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 77 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 78 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION)
11.3.4.1 Pick and place
11.3.4.1.1 Pick and place robots help save walking efforts of workers
11.3.4.2 Sorting
11.3.4.2.1 Sorting robots can help to reduce missorted packages
11.3.5 INDUSTRIAL
TABLE 79 SMART ROBOTS MARKET, BY INDUSTRIAL APPLICATION, 2017–2025 (USD MILLION)
TABLE 80 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 81 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 82 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 83 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 84 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
11.3.5.1 Manufacturing
11.3.5.1.1 In manufacturing, collaborative robots are mainly used for pick and place, packaging and palletizing, and machine tending applications
11.3.5.2 Material handling
11.3.5.2.1 Collaborative robots are often attached to AMRs and AGVs for material handling
11.3.6 INSPECTION AND MAINTENANCE
11.3.6.1 Oil & gas industry uses robots are used for inspection and maintenance purposes
FIGURE 44 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATIONS IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 85 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 86 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 87 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 88 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 89 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION)
11.3.7 FIELD/AGRICULTURAL
11.3.7.1 In agriculture, robots are used for crop monitoring, plant scouting, and milking livestock
TABLE 90 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 91 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 92 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 93 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 94 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION)
11.3.8 HEALTHCARE ASSISTANCE
11.3.8.1 Healthcare assistance robots are used for assisting patients and medicine dispensing
FIGURE 45 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 95 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION, BY REGION, 2017–2025 (USD MILLION)
TABLE 96 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 97 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 98 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 99 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
11.3.9 OTHERS
TABLE 100 SMART ROBOTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2025 (USD THOUSAND)
TABLE 101 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 102 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 103 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
TABLE 104 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
11.4 COVID-19 IMPACT ON MARKET, BY APPLICATION
12 GEOGRAPHIC ANALYSIS (Page No. - 162)
12.1 INTRODUCTION
FIGURE 46 SMART ROBOTS MARKET: GEOGRAPHIC SNAPSHOT
FIGURE 47 NORTH AMERICA TO HOLD LARGEST SHARE OF SMART ROBOTS MARKET IN 2020
TABLE 105 SMART ROBOTS MARKET, BY REGION, 2017–2025 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 48 NORTH AMERICA: SNAPSHOT OF THE SMART ROBOTS MARKET
TABLE 106 SMART ROBOTS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 107 SMART ROBOTS MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
12.2.1 US
12.2.1.1 US to be promising market for agricultural, domestic, surgical, defense, and assistive robots
12.2.2 CANADA
12.2.2.1 Extensive start-up culture to encourage growth of smart robots market in Canada
12.2.3 MEXICO
12.2.3.1 Smart robots market in Mexico to grow at highest CAGR in North America during forecast period
12.3 EUROPE
FIGURE 49 EUROPE: SNAPSHOT OF THE SMART ROBOTS MARKET
TABLE 108 SMART ROBOTS MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 109 SMART ROBOTS MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
12.3.1 UK
12.3.1.1 In 2019, UK held largest share of smart robots market in Europe
12.3.2 GERMANY
12.3.2.1 Adoption of robots in automotive industry to favor smart robots market growth in Germany
12.3.3 FRANCE
12.3.3.1 Smart robots market in France expected to grow at highest CAGR during forecast period among all European countries
12.3.4 ITALY
12.3.4.1 Presence of SMEs make Italy attractive market for smart industrial robots
12.3.5 SPAIN
12.3.5.1 Heightened use of robots in automotive and pharmaceuticals industry to favor smart robots market growth
12.3.6 REST OF EUROPE
12.4 APAC
FIGURE 50 APAC: SNAPSHOT OF SMART ROBOTS MARKET
TABLE 110 SMART ROBOTS MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
TABLE 111 SMART ROBOTS MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
12.4.1 JAPAN
12.4.1.1 Support from government and corporate sector for adoption of smart robots drives market in Japan
12.4.2 CHINA
12.4.2.1 Huge e-commerce industry propelling the demand for smart delivery robots in China
12.4.3 INDIA
12.4.3.1 Establishment of manufacturing plants can offer opportunities for smart robots deployment in India during forecast period
12.4.4 SOUTH KOREA
12.4.4.1 Aging population is driving adoption of smart robots for various applications
12.4.5 REST OF APAC
12.5 ROW
FIGURE 51 ROW: SNAPSHOT OF SMART ROBOTS MARKET
TABLE 112 SMART ROBOTS MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
TABLE 113 SMART ROBOTS MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
12.5.1 MIDDLE EAST & AFRICA
12.5.1.1 Increase in number of manufacturing facilities in Middle East to foster smart robots market growth
12.5.2 SOUTH AMERICA
12.5.2.1 Growing demand for robots from healthcare sector for rehabilitation driving market in South America
12.6 COVID-19 IMPACT ON MARKET IN VARIOUS REGIONS
13 COMPETITIVE LANDSCAPE (Page No. - 184)
13.1 OVERVIEW
FIGURE 52 PLAYERS IN SMART ROBOTS MARKET ADOPTED PRODUCT LAUNCHES AS THEIR KEY STRATEGY FOR BUSINESS EXPANSION FROM 2017 TO 2019
13.2 MARKET SHARE ANALYSIS: SMART ROBOTS MARKET, 2019
FIGURE 53 IROBOT LED SMART ROBOTS MARKET IN 2019
13.3 MARKET RANKING ANALYSIS: SMART ROBOTS MARKET, 2019
TABLE 114 SMART ROBOTS MARKET RANKING, 2019
13.4 HISTORIC 5-YEAR REVENUE ANALYSIS
FIGURE 54 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN SMART ROBOTS MARKET
13.5 COMPANY EVALUATION QUADRANT
13.5.1 STAR
13.5.2 EMERGING LEADER
13.5.3 PERVASIVE
13.5.4 PARTICIPANT
FIGURE 55 SMART ROBOTS MARKET (GLOBAL), COMPETITIVE LEADERSHIP MAPPING, 2019
13.6 STRENGTH OF PRODUCT PORTFOLIO (25 PLAYERS)
FIGURE 56 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SMART ROBOTS MARKET
13.7 BUSINESS STRATEGY EXCELLENCE (25 PLAYERS)
FIGURE 57 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN SMART ROBOTS MARKET
13.8 STARTUP/SME EVALUATION MATRIX
13.8.1 PROGRESSIVE COMPANIES
13.8.2 RESPONSIVE COMPANIES
13.8.3 DYNAMIC COMPANIES
13.8.4 STARTING BLOCKS
FIGURE 58 SMART ROBOTS MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX
13.9 COMPETITIVE SITUATIONS AND TRENDS
FIGURE 59 SMART ROBOTS MARKET WITNESSED SIGNIFICANT GROWTH FROM 2017 TO 2019
13.9.1 PRODUCT LAUNCHES
TABLE 115 PRODUCT LAUNCHES, 2019
13.9.2 PARTNERSHIPS AND COLLABORATIONS
TABLE 116 PARTNERSHIPS AND COLLABORATIONS, 2018–2019
13.9.3 EXPANSIONS
TABLE 117 EXPANSIONS, 2018–2019
13.9.4 ACQUISITIONS
TABLE 118 ACQUISITIONS, 2017–2019
14 COMPANY PROFILES (Page No. - 198)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
14.1 KEY PLAYERS
14.1.1 IROBOT
FIGURE 60 IROBOT: COMPANY SNAPSHOT
14.1.2 SOFTBANK ROBOTICS
14.1.3 ABB
FIGURE 61 ABB: COMPANY SNAPSHOT
14.1.4 KUKA
FIGURE 62 KUKA: COMPANY SNAPSHOT
14.1.5 FANUC
FIGURE 63 FANUC: COMPANY SNAPSHOT
14.1.6 HANSON ROBOTICS
14.1.7 AMAZON
FIGURE 64 AMAZON: COMPANY SNAPSHOT
14.1.8 YASKAWA
FIGURE 65 YASKAWA: COMPANY SNAPSHOT
14.1.9 BLUE FROG ROBOTICS
14.1.10 KONGSBERG MARITIME
FIGURE 66 COMPANY SNAPSHOT: KONGSBERG MARITIME
14.2 OTHER KEY PLAYERS
14.2.1 UNIVERSAL ROBOTS
14.2.2 ECA GROUP
14.2.3 DELAVAL GROUP
14.2.4 INTUITIVE SURGICAL
14.2.5 NEATO ROBOTICS
14.2.6 BLUEFIN ROBOTICS
14.2.7 RETHINK ROBOTICS
14.2.8 AETHON
14.2.9 SAMSUNG ELECTRONICS
14.2.10 GECKOSYSTEMS
14.3 RIGHT-TO-WIN
14.3.1 IROBOT
14.3.2 KUKA
14.3.3 SOFTBANK ROBOTICS
14.3.4 ABB
14.3.5 FANUC
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
15 APPENDIX (Page No. - 239)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
The study involved the estimation of the current size of the global smart robots market. Exhaustive secondary research was carried out to collect information about the market and its peer markets. It was followed by the validation of findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete size of the market. It was followed by the market breakdown and data triangulation methods to estimate the size of different segments and subsegments of the market.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information pertinent to this study on the smart robots market. Secondary sources included annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles by recognized authors, directories, and databases. Secondary research was conducted to obtain key information about the supply chain of the industry, value chain of the market, the total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market- and technology-oriented perspectives.
After the complete market engineering (which included calculations for the market statistics, market breakdown, data triangulation, market size estimations, and market forecasting), extensive primary research was carried out to gather information, as well as to verify and validate the critical numbers obtained for the smart robots market.
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the smart robots market through secondary research. Several primary interviews were conducted with the market experts from both demand (commercial application providers) and supply (equipment manufacturers and distributors) sides across 4 major regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). Approximately 20% and 80% of primary interviews were conducted with parties from the demand side and supply side, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews.
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Market Size Estimation
In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, were used to estimate and validate the size of the smart robots market and other dependent submarkets. Key players in the market were determined through primary and secondary research. This entire research methodology involved the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as chief executive officers (CEOs), vice presidents (VPs), directors, and marketing executives for key insights (both qualitative and quantitative) about the smart robots market. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market segments covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analyses from MarketsandMarkets and presented in the report.
Data Triangulation
After arriving at the overall market size using the estimation processes explained above, the smart robots market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides for smart robots.
Report Objectives
- To define, describe, segment, and forecast the global smart robots market size, by operating environment, mobility, type, component, application, and geography, in terms of value
- To define, describe, segment, and forecast the global smart robot market size, by operating environment and type, in terms of volume
- To forecast the market size for 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value
- To strategically analyze the micromarkets with regard to the individual growth trends, prospects, and their contribution to the smart robots market
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the smart robots market
- To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
- To provide a detailed overview of the value chain of the smart robots market
- To analyze competitive developments such as expansions, agreements, collaborations, acquisitions, partnerships, and product launches, along with research and development (R&D) in the smart robots market
- To strategically profile key players of the smart robots market and comprehensively analyze their market ranking and core competencies
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the smart robots market report:
Product Analysis
- Product matrix that gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Smart Robots Market
Conversational Artificial Intelligence, Voice User Interface Design, AI Robotics, Virtual Reality, Augmented Reality, and Mixed Reality. Also Deep Learning, Artificial Intelligence, and Machine Learning.
Send me the sample brochure of this report and then we will decide to purchase this report.
I checked table contents of this report and I have many question. Q1:The company profile,Honda,Google and Northrop, it have been published, we want the data of the other robot vendors such as Universal Robot and Kawasaki Heavy Industries etc. If possible to add other vendors ? Q2:Regard to Section 8.2 of the Collaborative Robots, how much of the amount of description, we are very interested in this field.
Is there a segmentation of robotics software market size in chapter 7 (e.g. embedded software, open source software, robotic analytics software, etc.) is there just 1 number of the overall software market for smart robots?