Smart Robots Market Analysis

  • Report ID: 4788
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Smart Robots Market Analysis

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

The global smart robots market is segmented and analyzed for demand and supply by industry vertical into automotive, manufacturing, electrical & electronics, food & beverage, chemical, and residential. Out of which, the automotive segment is anticipated to garner the highest revenue by the end of 2037. The growth of the segment can be attributed to growing use of robots in manufacturing automobiles. The highest number of robots are employed by the automobile industry, with operational stock reaching a new high of roughly 2 million units across the globe. Automobile manufacturers must keep up with both the overall advancement of technology and the rising demand of their existing market. Hence, for automakers to meet the needs of their present smart robots market, robots are essential. Robots could be made sophisticated enough to perform precise tasks including stamping metal plates, trimming plastics, and sewing with the help of camera arrays or light sensors for superior vision. Moreover, with the growing manufacturing of automobile the demand for paints is also growing. For automotive robotics, priming and painting the body is ideal. Robots won't eventually get incapacitated from inhaling paint's harmful vapors the way humans would. It may 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 is also segmented and analyzed for demand and supply by application into welding & painting, assembling & disassembling, mobility, and inspection & security. Amongst which, inspection & security segment is anticipated to have the significant growth over the forecast period. Smart security robots could navigate across complicated settings while spotting and reporting environmental problems. Even, when travelling across difficult terrain, they are able to maintain their equilibrium owing to their sensors and cameras. Also, robots could now navigate increasingly bigger and trickier spaces owing to advancements in 5G networks. Moreover, smart robots are extensively used in area 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 segment growth, the smart robots market t is estimated to boost.

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

 

         By Component

  • Hardware
  • Software

 

 

         By Application

  • Welding & Painting
  • Assembling & Disassembling
  • Mobility
  • Inspection & Security

 

 

         By Industry Vertical

  • Automotive
  • Manufacturing
  • Electrical & Electronic
  • Food & Beverage
  • Chemical
  • Residential
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Author Credits:  Abhishek Verma


  • Report ID: 4788
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of smart robots is estimated at USD 25.23 billion.

The smart robots market size was valued at USD 19.92 billion in 2024 and is likely to cross USD 835.76 billion by 2037, registering more than 33.3% CAGR during the forecast period i.e., between 2025-2037. The market growth is propelled by growing production of automobiles, rising use of smart robots in hospitals, surge in construction activities, and others

North America industry is likely to account for largest revenue share of 46% by 2037, backed by growing e-commerce business, along with boost in number of warehouses in the region.

The major players in the market include iRobot Corporation, Omron Corporation, Intuitive Surgical, Inc., ST Engineering Aethon, Inc., Gecko Systems International Corporation, Delaval Group, Brain Corporation, Neato Robotics, Inc., Grey Orange Pte, Ltd., SoftBank Group Corporation
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