Smart Robots Market Size

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. In the year 2025, the industry size of smart robots is estimated at USD 25.23 billion. The growth of the market can be attributed to growing adoption of cloud by organization all across the world. Over 5 out of 10 firms had migrated their work to the cloud as of 2022, and this trend is probably going to continue in the years to come. Hence, the adoption for smart robots is estimated to increase. These cloud robots make it easy for organization in order to collect information about the clients or customer. The information is then saved in a database system that is based in the cloud and accessible from a distance and used for operations, maintenance, and other purposes.

Moreover, the use of cloud technologies is what distinguishes cloud robotics from other forms of automation. The Robots-as-a-Service business model works well with cloud robotics. Robotics firms could rent out their technology to others over the cloud for a recurring fee, since the cloud-based infrastructure is made for remote access to robotic devices. Additionally, the investment on smart robots is also boosting which is further estimated to drive the smart robots market growth. François-Philippe Champagne, the federal minister of innovation, science, and industry, disclosed an about USD 29 million investment in Sanctuary Cognitive Systems Corporation in 2022, a robotics and AI-focused business in Vancouver. This funding, made through the Strategic Innovation Fund, was estimated to help an approximately USD 119 million initiative to create the first general-purpose robots with similar to human intelligence that actually work. The government wanted to put Canada at the forefront of the commercialization of artificial intelligence with this investment.