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Global Smart Robots Market Expected Revenue, Industry Share, Development Stages, and Landscape- Forecast to 2022

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November 14, 2017 in Technology


Market Overview

Smart robots are the intelligent robotic systems with artificial intelligence designed to carry out their operation without direct human intervention. They perform their tasks independently and can work along with humans in various industrial and service applications. The smart robots application market is mainly dominated by service applications broadly categorized into personal and professional services.

Smart Robots used in personal services consist of domestic application, entertainment, and others, such as elderly assistance and home security. The field application holds the highest market share in the professional application of smart robots, which comprises milking robots and other robots used in agriculture and forestry. 

The significant drivers contributing to the growth of the smart robots market include increasing demand from the healthcare sector, adoption of smart robots by the e-commerce giants, the growing domestic service segment, and the growth of elderly assistance robots. However, the slow rate of commercialization and high cost incurred in research and development are the key factors that are restraining the growth of the market.

Market Development:

Smart robotics are being highly employed in numerous areas such as manufacturing industries, process industries, automotive industries, and healthcare. Smart robotics comprise artificial intelligence which permits them in functioning on their own. This is a key factor fuelling the development of the global smart robotics market. Additionally, the growing demand for employing robots in addition to human beings will also provide impetus to the development of the global smart robots market. Smart robots have also been employed in the healthcare sector for staying with elderly patients and for assisting them in fast recovery. Smart robots possess the ability of identifying an issue and take a decision by themselves to solve any kind of issues, which will further provide impetus to the development of the overall market.

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Key Players:

Global Smart Robots market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including: Jibo(US), LG(Korea), iRobot(US), Neato Robotics(US), Samsung(Korea), Aisoy Robotics(US), SoftBank(Japan), iRobot(US)

Study Objective of Smart Robots Market

  • To analyze the global Smart Robots market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
  • To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the global Smart Robots market
  • To provide insights about factors affecting the market growth
  • To provide country level analysis of the market with respect to the current market size and future prospective
  • To provide country level analysis of the market for segment by Material, Type, Function, Application and Region.
  • To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Smart Robots market

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Market Segments:

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

  • Personal and Household Service Robots
  • Education Robots
  • Entertainment Robots
  • Commercial Service Robot

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Smart Robots for each application, including

  • Household
  • Education
  • Commercial

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