Global Smart Robots Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
13 Dec, 2021
Global Smart Robots Market Size And Drivers:
The global smart robots market is expected to grow from $6.19 billion in 2020 to $8.58 billion in 2021 at a compound annual growth rate (CAGR) of 38.69%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while catering to the demand during the COVID-19 outbreak, which had increased the demand for smart robots to deliver medicines, monitor patients, and help frontline workers and reduce exposure to the virus. The global smart robots market is expected to reach $20.91 billion in 2025 at a CAGR of 24.94%. The increasing penetration of smart robots in industries is predicted to boost the growth of the smart robot market over the coming years.
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Trends In The Global Smart Robots Market
Smart robots are now used in various applications including agriculture and this is a key trend gaining popularity in the smart robots market. Companies operating in the smart robots market are focusing on developing smart robots that can be used in agriculture. For instance, in 2020, Farmwise, a US-based robotics company is creating autonomous agricultural robots to provide farmers with higher yields, more income, and a healthier climate. The company begins with an advanced weeding robot that can collect weeds from farms efficiently, reducing or removing the necessity for chemical pesticides. According to FarmWise, the robots have effectively eliminated weeds from more than 10 million plants.
Global Smart Robots Market Segments:
The global smart robot market is further segmented –
By Component: Hardware, Software, Services
By Product: Professional Service Robots, Personal Service Robots, Collaborative Robots
By End-User: Industrial, Residential, Commercial
By Application: Manufacturing, Healthcare, Defense, Energy and Utility, Others
By Geography: The global smart robots market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Smart Robots Market At:
https://www.thebusinessresearchcompany.com/report/smart-robots-global-market-reportSmart Robots Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides smart robots market overviews, analyzes and forecasts market size and growth for the global smart robots market, smart robots market share, smart robots market players, smart robots market segments and geographies, smart robots market’s leading competitors’ revenues, profiles and market shares. The smart robots market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.