Smart Robots Market Share

North American Market Forecast

The smart robots market share in North America will cross 46% by 2037, backed by growing e-commerce business, along with boost in number of warehouses. In the US, about 217 million people would buy online in 2023, paying USD 5,380 on average. In the upcoming years, there would therefore be a rise in the proportion of online shoppers. Moreover, warehousing companies have made considerable investments in adding network-linked devices to their warehouses to make them more connected. These modifications make smart robot adoption more feasible since they depend on a fast network and digital data. Additionally, by taking steps to encourage the development of cutting-edge technology in the robotics sector, the regional government is also promoting the use of robotics.

APAC Market Statistics

The Asia Pacific smart robots market is estimated to be the second largest, to have highest growth over the forecast period. The need for smart robots has increased in a number of industries as a result of the growing requirement for automation systems in various workplaces to improve quality by lowering errors and enhancing variety in this region. Industrial robots are largely used in the automotive sector to manage welding, painting, and assembly processes on manufacturing lines. They have also improved operational precision and contributed to breakdown prediction. This is the primary driver of the smart robots market for smart robots in Asia Pacific. Moreover, several industries, including electronics, metal & machinery, rubber & plastics, and food & beverage, use smart robots in this region. Hence, the sales of smart robots are anticipated to be fueled by the enormous need for electronic items and new products in the electronics industry, the need to automate manufacturing, and the expanding demand for processors, batteries, and displays.

Europe Market Forecast

Additionally, the smart robots market in Europe is also estimated to have the significant growth over the forecast period. For field robots, logistics, and construction, Europe is a market leader. Robotics are employed in a variety of ways in this business, including in commercial cleaning. Europe's economy is expanding quickly, which has resulted in a serious labor shortage across all sectors. Robots that disinfect and clean the floors have been introduced in supermarkets, hospitals, and other settings. Given the new emphasis on sanitation and social distance, some businesses discovered that smart robotic processes gave a marketing advantage. Also, there has been growing innovation and the smart robots price has also been reduced which is further boosting the growth for smart robots market in this region.