Smart Robots Market Analysis

Industry Vertical (Automotive, Manufacturing, Electrical & Electronic, Food & Beverages, Chemical, Residential)

The automotive segment is likely to capture smart robots market share of around 25.1% by the end of 2037. The growth of the segment is primarily attributed to the growing use of robots in manufacturing automobiles. The highest number of robots are employed by the automobile industry, with the operational stock reaching a new pitch of roughly 1 million units across the globe, in 2023, according to the International Federation of Robotics (IFR). Automobile manufacturers must keep up with both the overall advancement of technologies such as smart robots and the rising demand of their existing market to meet the evolving needs of the customers.

Smart robots make the work sophisticated enough to perform tasks with precision and efficiency, including stamping metal plates, trimming plastics, and sewing with the help of camera arrays or light sensors for superior vision. Furthermore, with the rise in automobile manufacturing, the demand for paints is also set to increase. Automotive robotics seamlessly carries out the priming and painting of the vehicle body with zero to no errors. Robots can be configured to spray paint in a linear pattern, stop spraying at specific points, and define how many coats of paint it should apply after how many hours of drying, among other things, limiting paint waste.

Application (Welding & Painting, Assembling & Disassembling, Mobility, Inspection & Security)

The global smart robots market based on application is segmented into welding & painting, assembling & disassembling, mobility, and inspection & security. Amongst these, the inspection & security segment is anticipated to exhibit significant growth over the forecast period. Smart security robots can navigate across complicated settings while spotting and reporting environmental problems. The smart robots integrated with artificial intelligence, machine learning, cameras, and sensors can detect and analyze the behavior of the object, offering real-time information to the operator on whether the object is dangerous or not. Even, when traveling across difficult terrain, they can maintain their equilibrium owing to their sensors and cameras.

Also, robots could now navigate in difficult terrains owing to advancements in 5G networks. Smart robots are extensively used in areas such as defense ministries, organizations dedicated to rescue or emergency operations, civil protection, law enforcement, and the sectors working for citizen security generally. Hence, owing to this, the sales of smart robots for inspection and security purposes are set to witness a hike in the coming years.

Our in-depth analysis of the global smart robots market includes the following segments: