Smart Robots Market Outlook:
Smart Robots Market size was over USD 23.92 billion in 2025 and is anticipated to cross USD 214.02 billion by 2035, witnessing more than 24.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of smart robots is assessed at USD 29.19 billion.
Market players acknowledge a pivotal role in advanced manufacturing and logistics by replacing rudimentary tasks. As AI and robots converge, companies are adopting smart robots to streamline complex workflows and create more value for customers. According to the International Federation of Robotics in September 2024, 4,281,585 units were operating in factories globally. Also, in March 2024, NVIDIA and Teradyne Robotics collaborated to develop collaborative robots (cobot) and autonomous mobile robots using NVIDIA Jetson AGX Orin for edge AI applications, including NVIDIA’s cuMotion path, UR's PolyScope X software, and UR5e cobot platforms.
Other factors propelling the growth of the market are increasing efforts to boost productivity and reduce labor costs. Industries are leveraging smart robots for conducting tasks such as welding, assembly, packaging, quality control, etc. For instance, data published by the International Federation of Robotics in January 2024 stated that the inclusion of robotics leads to a 35% cost reduction while maintaining state-of-the-art output and efficient work safety.
