Virtual reality (VR) is an artificial environment created with software that is presented to the user so that the user stops believing and accepts it as a real environment. The main components of virtual reality in education are hardware, software, and solutions. The hardware component of VR in education involves devices used to project virtual reality content such as head-mounted displays, VR headsets, and projectors. Virtual reality in education can be deployed in the cloud, on-premises, and is applied in areas including residential, academic, and training institutions, among others. The virtual reality in education market research report is one of a series of new reports from The Business Research Company that provides virtual reality in education market statistics, including virtual reality in education industry global market size, regional shares, competitors with virtual reality in education market share, detailed virtual reality in education market segments, market trends and opportunities, and any further data you may need to thrive in the virtual reality in the education industry. This virtual reality in education market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global virtual reality in education market size grew from $8.67 billion in 2022 to $11.95 billion in 2023 at a compound annual growth rate (CAGR) of 37.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The virtual reality in education market size is expected to grow to $46.14 billion in 2027 at a CAGR of 40.2%. The increasing internet penetration will drive the growth of virtual reality in the education market during the forecast period. The internet plays a crucial role in people's lives today as a large portion of the population's lives are immersed in digital technology. The internet has become an effective platform for conducting virtual courses due to its consistent interface, lower connection cost, and universal appeal. For instance, according to the Internet World Stats report, global internet users reached 5.1 billion as of March 2021. Furthermore, according to the Techjury report, the global E-learning sector is expected to reach $325 Billion by 2021. Therefore, the increasing internet penetration propels the growth of virtual reality in the education market. The development of Augmented Reality (AR) applications by leveraging the upcoming 5G technology is shaping virtual reality in the education market. With its high-speed network, 5G provides hands-on experience and helps access apps easily, whereas 4G technology struggles with the use of Virtual or Augmented Reality in educational applications. These robot applications help children to solve learning issues, allowing them to get an education from the comfort of their own homes while also allowing them to access cloud-based material more quickly. For instance, in March 2021, Fisk University, HTC VIVE, T-Mobile, and VictoryXR partnered to launch the first-ever interactive 5 G-enabled VR human cadaver lab for learning delivery to pre-med and biology-related majors. In August 2021, Byju's, an India-based multinational educational technology company acquired Whodat Tech Private Limited for an undisclosed amount. Through this acquisition, Byju aims to expand its portfolio of education products in virtual reality. Whodat Tech Private Limited is an India-based augmented reality solution and virtual reality solution. Major players in the virtual reality in education market are Google, Microsoft Corporation, Facebook Technologies LLC, IBM Corporation, HTC Corporation, Unimersiv, Samsung, Lenovo Group Limited, Sony Corporation, Alchemy Immersive, Avantis Systems Ltd., Veative Labs Pvt. Ltd., VR Education Holdings, Cyberith, Sixense Enterprises Inc., Vuzix, and Schell Games. North America was the largest region in the virtual reality in education market in 2022. The regions covered in the virtual reality in education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the virtual reality in education market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The virtual reality in the education market includes revenues earned by entities offering hardware and software in the education industry that have the potential to transform the theoretical aspects in books to reality using virtual reality features. Virtual reality is a computed-enabled simulation that is presented using projectors and computer programming. Virtual reality in education is being applied in all levels of education today including K-12, higher education, and vocational training. TValues in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global virtual reality in education market is segmented - 1) By Component: Hardware, Solutions and Software 2) By Deployment: Cloud, On-Premises 3) By Application: Residential, Academic And Training Institutions, Other Applications

Augmented reality (AR) is a digitally augmented representation of the real physical environment created by using digital visual components, music, or other sensory stimulation given via technology used for training and education. The main category of augmented reality in training and education are primary and secondary education, test preparation, reskilling and certifications, higher education, language, and other learnings. Reskilling is the process of learning new skills or training people to do a different job. The various devices used include classroom projectors, smartphones, laptops, and others that are used for higher education and K-12. The augmented reality in the training and education market research report is one of a series of new reports from The Business Research Company that provides augmented reality in the training and education market statistics, including augmented reality in the training and education industry global market size, regional shares, competitors with augmented reality in the training and education market share, detailed augmented reality in the training and education market segments, market trends and opportunities, and any further data you may need to thrive in the augmented reality in the training and education industry. This augmented reality in the training and education market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global augmented reality in training and education market size will grow from $10.58 billion in 2022 to $17.5 billion in 2023 at a compound annual growth rate (CAGR) of 65.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global augmented reality in training and education market size is expected to grow to $99.27 billion in 2027 at a CAGR of 54.3%. The implementation of augmented reality (AR) technology in institutions is driving the market. Technology is changing education in many ways but this newer advanced technology of augmented reality (AR) is improving the learning environment. More schools and colleges are adopting AR technology to keep students actively engaged and experience learning instead of just reading and looking at pictures. For instance, the ZSpace application allows students to study the human heart and different layers of the earth’s atmosphere more effectively. Riverside Technologies, Inc. says that AR technology helps students to experience the simulation. The multiple benefits of AR technology are helping students in numerous ways encouraging the adoption of advanced technologies by schools and colleges in improving the learning environment. Ineffective classroom integration is slowing down the growth of augmented reality in the training and education market. Augmented reality is a newer advanced technology that has a lot of advantages for effective learning, but like every technology augmented reality is facing issues too in the market. The shape and size of the classroom, lack of skills to integrate the education and training curriculum with AR, and difficulty to interact through the interface to view the lessons or subject, continue to hamper the integration of augmented reality in the classrooms. Augmented reality game-based learning is the latest trend in the augmented reality in the training and education market. The combination of games and technology is helping students to perform various activities to gain knowledge/skills. For instance, the Europass Teacher Academy, a provider of professional development courses, says that schools are adopting the augmented reality to help students gain knowledge, acquire various skills by playing games, and experience reality through augmented reality. Teachers and educators are playing an important role to make students involved in different kinds of gaming activities in the learning process to educate students. Gamifying the academic materials intrigue the students and they are eagerly participating and role-playing in the learning process. The augmented reality technology through game-based learning is personally customized, socially constructed, and also extends beyond the classroom, which is helping students to gain knowledge and acquire various learning skills. In September 2020, The Glimpse Group Inc., a US-based immersive technology platform company acquired the assets of XR Terra for an undisclosed sum. The acquisition enables business synergies for both companies to provide Glimpse products to enterprise customers. XR Terra is a US-based provider of VR & AR software development and design training courses. Major players in the augmented reality in training and education market are Google Expeditions Pioneer Program., zSpace, Magic Leap, Alchemy VR, Unimersiv, GAMOOZ, Meta Company, DAQRI, InGage, Popar, Chromville, NEXT/NOW, VironIT, Groove Jones, HQSoftware, INDE, Augment, Metagram, Fishermen Labs, Program-Ace, Apptension, Transition Technologies PSC, Quytech, Craftars, Appentus Technologies, BidOn Games Studio, Mofables, Cortex, ScienceSoft and Gravity Jack and Queppelin. Asia-Pacific was the largest region in the augmented reality in training and education market in 2022. North America was the second largest region of the global augmented reality in training and education market. The regions covered in the global augmented reality in training and education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the augmented reality in training and education market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The augmented reality in training and education market includes revenues earned by entities by offering software for education and training purposes that can be used in education/training to help the students, and corporate employees to equip them with the knowledge or acquire skills by experiencing and interacting with different forms of reality, simulation, games, and others. Augmented reality provides an interactive experience of the real-world environment by integrating digital visual content and audio into the real-world environment. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global augmented reality in training and education market is segmented - 1) By Category: Primary and Secondary Education, Test Preparation, Reskilling and Certifications, Higher Education, Language and Other Learnings 2) By Device: Classroom Projectors, Smartphones, Laptops, Other Devices 3) By End User: Higher Education, K-12

Learning and educational toys refer to the toys that are designed to stimulate learning abilities and are beneficial to brain development because they help children learn while also developing social and communication skills. They aid in the development of logical and reasoning skills as well as spatial thinking. The main products of learning and education toys are building sets, games and puzzles, sports and outdoor toys. Building sets encourages problem-solving skills and hand-eye coordination. Pre-schoolers use their imaginations to create buildings, vehicles, animals, and more from simple construction sets. The learning and education toys are categorized based on the age groups upto 5 years, 5 to 10 years, and above 10 years. These toys are made available through various distribution channels which include, hypermarket/supermarket, specialty stores, departmental stores and online channels. The learning and education toys market research report is one of a series of new reports from The Business Research Company that provides learning and education toys market statistics, including learning and education toys industry global market size, regional shares, competitors with a learning and education toys market share, detailed learning and education toys market segments, market trends and opportunities, and any further data you may need to thrive in the learning and education toys industry. This learning and education toys market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global learning and education toys market size grew from $50 billion in 2022 to $53.7 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globeThe learning and education toys market size is expected to grow to $66.54 billion in 2027 at a CAGR of 5.5%. The rise in demand for strategy-based and educational-based toys among children is driving the growth of the learning and education toys market. Educational toys are the objects of play and they are generally designed for children, which stimulates learning. They are intended to meet an educational purpose, such as teaching a child about a particular subject or helping a child develop a particular skill. Strategy-based toys also improve the skills of the child. For instance, in August 2021, according to a survey by The NPD Group, toy industry sales increased by 15% to $22.45 billion in the first half (1H) of 2021 vs the same time period in 2020 and by 28% when compared to the $17.59 billion generated in 1H 2019. Infant, toddler, and preschool toys (14%), dolls (10%), and building sets (38%) ranked in the top five for revenue in the learning and education toys market. The highest sub-segment growth was seen in strategic trading card games, which increased 136%, from $341.70 million in the 1H of 2019 to $805.80 million in the same period of 2021. The leading trading card game maker, Pokémon celebrating its 25th anniversary in 2021 can also be a driving factor in this segment. The smart technology embedded learning and educational toys are gaining popularity in the learning and education toys market. Smart toys, have some level of artificial intelligence, which means they can learn, change how they communicate with the user, respond to external stimuli, and follow pre-programmed patterns. These toys give kids the ability to create their own play experience and act as a valuable educational tool. Major companies in the learning and education toys market are focusing on developing smart toys to grab the market share. For instance, in May 2021, Makeblock, a private Chinese technology company, has launched Codeybot, an educational robot that teaches children with basic programming through through a variety of intuitive features. Further in May 2021, the American multinational toy manufacturer, Mattel has launched Hot Wheels AI Street Shaker smart car and gaming controller which helps in adding more players to the set and extend the race. With the help of AI starter kit, players can follow the smart track or race independently in ai mode, as well as off-track in RC mode. In January 2022, Everi Holdings Inc., a US-based provider of land-based and digital casino gaming content and products, has agreed to acquire certain assets, including intellectual property and game development technology of Atlas Gaming Pty Ltd and Atlas Gaming Technologies Pty Ltd., for an undisclosed amount. By acquiring the assets, Everi's existing game production studios and portfolio of titles will be enhanced, which will pave the road for future expansion into new international markets. Atlas development and engineering team members will join Everi as part of the acquisition of these assets. Atlas Gaming is an Australian developer and provider of proprietary gaming content and products. Major players in the learning and education toys market are Atlas Games, Clementoni SpA, Goliath Games, Hasbro Inc., The LEGO Group, Ravensburger AG, Tomy Company Ltd., Vtech Holdings, Thames & Kosmos, and Zephyr Toy Makers Pvt. Ltd. Asia-Pacific was the largest region in the learning and education toys market in 2022. The regions covered in learning and education toys market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the learning and education toys market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The learning and education toys market consists of sales ofbricks &blocks, pull along toys, teaching clocks, learning system cartridges, diaries & poetry albums, magnetic letters & words. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global learning and education toys market is segmented - 1) By Product Type: Building Sets, Games And Puzzles, Sports And Outdoor Toys 2) By Age Group: Up to 5 years, 5 to 10 years, Above 10 years 3) By Distribution Channel: Hypermarket/Supermarket, Specialty Stores, Departmental Stores, Online Channels

Top robotics refers to a branch of engineering that manufactures industrial and service robotics which are digitized, highly programmable, and capable of moving across more than three dimensions. The main types of top robotics are top industrial robots and top services robots. An industrial robot refers to one that is developed to automate intensive production tasks such as those needed by a continuously moving assembly line used to free humans from repetitive tasks such as house cleaning and others. These robots are widely used for several applications such as handling, welding and soldering, assembling and disassembling, dispensing, and others in various sectors such as automotive, electrical, chemical, food & beverages, and others. The top robotics market research report is one of a series of new reports from The Business Research Company that provides top robotics market statistics, including top robotics industry global market size, regional shares, competitors with a top robotics market share, detailed top robotics market segments, market trends and opportunities, and any further data you may need to thrive in the top robotics industry. This top robotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global top robotics market size grew from $88.28 billion in 2022 to $110.23 billion in 2023 at a compound annual growth rate (CAGR) of 24.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The top robotics market size is expected to grow to $219.28 billion in 2027 at a CAGR of 18.8%. The increase in use of robots in the logistics sector is projected to fuel the growth of the top robotics market over the coming years. The total procedure of handling how assets are bought, stored, and transported to their eventual destination is referred to as logistics. Robotics in logistics allows for remote connections with devices from which humans can observe and oversee the robot's operations, as well as lower logistics costs, more rapid cargo preparation, and higher delivery precision. For instance, according to the International Federation of Robotics, a US-based professional non-profit organization to promote, strengthen and protect the robotics industry, about 121,000 professional service robots were sold in 2021. Sales of medical robots were up 23% to 14,823 units. Therefore, the increasing use of robots in the logistics sector drives the growth of the top robotics market. The growing technological advancements are shaping the top robotics market. Technological advancements have authorized manufacturers to use lightweight robots that can manage numerous tasks and improve productivity. Artificial intelligence, machine learning, and other emerging technologies have been put into robots to replicate human intelligence and facilitate some of the jobs that humans perform. For instance, in January 2020, Omron, a Japan-based electronics company launched the Omron i4 which has an inbuilt AI system for predictive maintenance. This is a next-generation industrial robot that can identify and communicate when it's time for repairs and maintenance. In March 2021, Accenture, an Ireland-based company that provides consulting and processing services acquired Pollux for an undisclosed amount. The acquisition will expand Accenture’s capabilities for clients in consumer goods, pharmaceutical, and automotive industries seeking to make their factories, plants, and supply chains more productive, safe, and sustainable. Pollux is a Brazil-based provider of industrial robotics and automation solutions. Major players in the top robotics market are ABB Ltd., Yaskawa, FANUC, KUKA, Kawasaki Heavy Industries, Nachi-Fujikoshi, Honda Motor, Adept Technology, Mitsubishi Electric, Northrop Grumman, Denso, Epson, Universal Robots, Omron Adept, Stäubli, Comau, Yamaha, ST Robotics, CMA Robotics, Daifuku, Neato Robotics, SoftBank Robotics Group, UBtech Robotics, GE Inspection Robotics, and Starship Technologies. Asia-Pacific was the largest region in the top robotics market in 2022. The regions covered in the top robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the top robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The top robotics market consists of sales of articulated, cartesian, SCARA, cylindrical robotics. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global top robotics market is segmented - 1) By Type: Top Industrial Robotics, Top Services Robotics 2) By Application: Handling, Welding And Soldering, Assembling And Disassembling, Dispensing, Other Applications 3) By End Use Industry: Automotive, Electrical And Electronics, Metals And Machinery, Food And Beverages, Pharmaceuticals And Cosmetics, Other End Use Industries

A smart robot is a computerized reasoning (AI) device that is capable of observing its environment and context and producing its skills in the light of the comprehensive learning process. Smart robots are used for research, manufacturing and even human applications. The main types of smart robots are professional service robots, personal service robots, and collaborative robots. A professional service robot is a smart robot used for commercial tasks. These include cleaning robots for public places, delivery robots in offices or hospitals, fire-fighting robots, rehabilitation robots and surgery robots in hospitals. A personal service robot is a smart robot that is used for a non-commercial task, and these include domestic servant robots, automated wheelchairs, personal mobility assist robots and pet exercising robots. Smart robots are used in manufacturing, healthcare, defence, energy and utility, and other industries. The smart robots market research report is one of a series of new reports from The Business Research Company that provides smart robots market statistics, including smart robots industry global market size, regional shares, competitors with a smart robots market share, detailed smart robots market segments, market trends and opportunities, and any further data you may need to thrive in the smart robots industry. This smart robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global smart robots market size grew from $10.93 billion in 2022 to $13.79 billion in 2023 at a compound annual growth rate (CAGR) of 26.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The smart robots market size is expected to grow to $35.14 billion in 2027 at a CAGR of 26.3%. The increasing penetration of smart robots in industries is predicted to boost the growth of the smart robot market over the coming years. Smart robots are a mix of advanced technology and efficient hardware that uses smart sensor technology (such as ultrasonic, light and touch sensors) to communicate with the physical world surrounding them. In Industry 4.0, modern robots are employed in production operations that often work around the clock without human supervision. According to the recent World Robotics 2020 report by the International Federation of Robotics (IFR), revealed that around 2.7 million industrial robots are working in industries across the globe, a rise of 12%. Furthermore, in June 2021, according to the figures from the International Federation of Robotics (IFR), a Germany-based non-profit organisation, Europe experienced double-digit growth of 15%, with 78,000 units installation of robots. Therefore, the increasing penetration of smart robots in industries drives the growth of the 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. In April 2021, Hitachi Ltd., a Japan-based conglomerate corporation, acquired 96% shares of Kyoto Robotics Corporation for an undisclosed amount. With the acquisition of Kyoto Robotics, Hitachi could deliver one-stop and rapid robotic system integration for a whole automated line in logistics and factory automation. Kyoto Robotics Corporation is a Japan-based manufacturer of intelligent robotic systems, 3D vision systems, control systems. Major players in the smart robots market are iRobot, SoftBank Robotics Group, ABB, KUKA, FANUC, Hanson Robotics, Yaskawa Electric Corporation, Rethink Robotics, Blue Frog Robotics, Universal Robots, DeLaval, Intuitive Surgical, Aethon, Samsung Electronics, GeckoSystems, Honda Motor Company Ltd., Omron Adept Technologies, Inc., GreyOrange pte Ltd., Kongsberg Maritime, ECA GROUP, Neato robotics, Bluefin Robotics, Puresight Systems Pvt. Ltd., AIBRAIN Inc., Brain Corporation, Cyberdyne Inc., Epson America Inc., Lely, OTC Daihen Inc., and F&P Personal Robotics. North America was the largest region in the smart robots market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the smart robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smart robots market consists of sales of sensors, actuators, power sources. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global smart robots market is segmented - 1) By Component: Hardware, Software, Services 2) By Product: Professional Service Robots, Personal Service Robots, Collaborative Robots 3) By End-User: Industrial, Residential, Commercial 4) By Application: Manufacturing, Healthcare, Defense, Energy and Utility, Other Applications

Industrial robots refer to programmable, mechanical devices used in place of people to perform dangerous or repetitive tasks with a high degree of accuracy. A robot has its own control system and is not controlled by a machine. The main types of industrial robots are articulated robots, linear robots, cylindrical robots, parallel robots, scara robots, and other robots. Linear robots are a form of industrial robot that has two or three main axes that move in a straight line rather than rotate and work at right angles to each other. The three sliding joints correspond to wrist movement: up and down, back and forth, and in and out. The various applications of industrial robots included pick and plane, welding and soldering, material handling, assembling, cutting and processing, and other applications. The various end-user industries involved are automotive, electrical and electronics, healthcare and pharmaceuticals, food and beverages, rubber and plastics, metals and machinery, and other end-user industries. The industrial robots market research report is one of a series of new reports from The Business Research Company that provides industrial robots market statistics, including industrial robots industry global market size, regional shares, competitors with an industrial robots market share, detailed industrial robots market segments, market trends and opportunities, and any further data you may need to thrive in the industrial robots industry. This industrial robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global industrial robots market size will grow from $47.21 billion in 2022 to $52.34 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global industrial robots market size is expected to grow from $77.23 billion in 2027 at a CAGR of 10.2%. The shortage of skilled workers is contributing to the growth of the industrial robots market. As there is an increase in production requirements and due to high demand manufacturers are not able to fulfil the supply due to a shortage of skilled labor. Shortage of skilled labor exists due to two main reasons, the presence of unskilled workers and skilled workers but not available for work. According to the Department of Labor, as of January 2020, the US economy had 7 million job openings, but only 5.6 million people were looking for work. Producers to maintain a high supply are thus opting for the installation of robots. Industrial robots increase the overall productivity, efficiency, and effectiveness of the company. Therefore, the shortage of labor gives rise to other opportunities for the addition of robots to the workforce. High purchase and installation costs of industrial robots are expected to limit the growth of the industrial robots market. A robot installation is very costly as it is not only for the purchase of the robot but also for integration, programming, and maintenance. This is a major challenge for Small and Medium-size enterprises (SMEs) as they produce in low volumes and returns on investment will be a challenge. Moreover, fast-changing consumer preferences will also result in customization of a machine which will be again hard for SMEs to do so. According to RobotWorx, an industrial robot manufacturer's cost of an average new industrial robot ranges from $50,000 to $80,000 whereas it can go up to $100,000 to $150,000 as application specifics are added. Therefore, the high purchase and installation of industrial robots are expected to limit the growth of the industrial robots market. Automated mobile robots (AMR) are one of the recent trends in the industrial robots market. AMR is a robot that is designed to move materials across a plant floor or through a warehouse without the aid and direction of a human worker. Floor cleaners, forklifts, and pallet movers are examples of types of AMRs. For instance, Fetch Robotics, a California-based firm handles heavy loads in its warehouse by using AMR. Fetch Robotics cloud computing program enables an operator to scale and control all operations with the click of a button. It eliminates employee risk for injury and increases the efficiency of their overall operations. In March 2021, Accenture, a multinational company having specializations in information technology and consulting, based out of Irelands has announced the acquisition of Pollux for an undisclosed amount. As a result of this acquisition, Accenture intends to witness the tangible benefits of full integration of information technology and operations technology, which will help Accenture's manufacturing clients. Pollux Robotics is a Brazilian company that creates industrial robots. Major players in the industrial robots market are ABB, Yaskawa, Kuka, Fanuc, Mitsubishi Electric, Kawasaki Heavy Industries, Denso, Nachi Fujikoshin, Epson, and Dürr. The Asia-Pacific was the largest region in the industrial robots in 2022. Western Europe was the second largest region in the global industrial robots market. The regions covered in the global industrial robots report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the industrial robots market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The industrial robots market consists of sales of manipulator, controller, electroactive polymers, elastic nanotubes. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global industrial robots market is segmented - 1) By Product Type: Articulated Robots, Linear Robots, Cylindrical Robots, Parallel Robots, Scara Robots, Other Product Types 2) By End-User Industry: Automotive, Electrical And Electronics, Healthcare & Pharmaceuticals, Food & Beverages, Rubber & Plastics, Metals & Machinery, Other End-User Industries 3) By Application: Pick And Plane, Wielding And Soldering, Material Handling, Assembling, Cutting And Processing, Other Applications

Cloud robotics refers to robotic solutions, which utilize technologies such as cloud computing, cloud storage, and other internet technologies. Cloud robotics provides vast amounts of data to robotic devices without having to incorporate it directly via on-board memory. The main types of cloud robotics include peer-based, proxy-based and clone based, and they are deployed over the private cloud, public cloud and hybrid cloud. The peer-based cloud robotics refers to robotics that runs on a computing unit in which the robot and each virtual machine are distributed in such a way that tasks can be divided into smaller modules for execution over a subset of the nodes in the computing. The end-user industries of cloud robotics include manufacturing, military & defense, retail & e-commerce, healthcare & life sciences, and other end-user industries. The cloud robotics market research report is one of a series of new reports from The Business Research Company that provides cloud robotics market statistics, including cloud robotics industry global market size, regional shares, competitors with a cloud robotics market share, detailed cloud robotics market segments, market trends and opportunities, and any further data you may need to thrive in the cloud robotics industry. This cloud robotics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global cloud robotics market size grew from $7.33 billion in 2022 to $10.71 billion in 2023 at a compound annual growth rate (CAGR) of 46.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The cloud robotics market size is expected to grow to $26.47 billion in 2027 at a CAGR of 25.4%. During the forecasting period, the increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) will drive the cloud robotics market. The automotive industry is increasingly shifting towards a robot-as-a-service model due to the increasing labour costs, labour shortage, and reduction in the cost of robotic systems. For instance, according to the Association for Advancing Automation (A3) data, by 2025, utilization of cloud computing is expected to increase by 17% to 2018 levels, and Factories and industrial concerns in North America ordered a record 29,000 robots during the first nine months of 2021, a 37% increase from the previous year. Therefore, the increase in the use of robots for industrial automation along with the rising demand for robotics-as-a-service (RaaS) ultimately drives the cloud robotics market. Technological advancement is a key trend gaining popularity in the cloud robotics market. Key players operating in the cloud robotics market are focusing on developing robotics and automation more broadly to strengthen their position in the market. For instance, in November 2021, Amazon launched AWS IoT RoboRunner, a new robotics service-designed incubator program in collaboration with nonprofit MassRobotics to make it easier for enterprises to build and deploy apps that enable fleets of robots to work together and to tackle challenges in automation, robotics, and industrial internet of things (IoT) technologies. In August 2021, Zebra Technologies a U.S-based leading firm an innovator of the front line of business with solutions and partners acquired Fetch Robotics for an undisclosed amount. The acquisition forms to strengthen the businesses by building on the strength of their existing enterprise asset intelligence vision and growth in intelligent industrial automation by embracing new modes of empowering workflows. Fetch Robotics is a California-based provider of wide range of robots for automation in manufacturing and warehousing operations. Major players in the cloud robotics market are ABB Ltd., Microsoft Corporation, IBM Corporation, C2RO Cloud Robotics Inc., Amazon Robotics LLC, Hit Robot Group, Cloudminds Technology, Google, Rapyuta Robotics Co Ltd., Tend, V3 Smart Technologies Pte Ltd., Universal Robotics A/S, Intel Corporation, Omron Adept Technologies, Aethon, Fetch Robotics, and Telefonaktiebolaget LM Ericsson. North America was the largest region in the cloud robotics market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the cloud robotics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The cloud robotics market includes revenues earned by entities by providing services such as Simultaneous localization and mapping (SLAM), grasping, and navigation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global cloud robotics market is segmented - 1) By Implementation Type: Peer Based, Proxy Based, Clone Based 2) By Deployment Type: Private Cloud, Public cloud, Hybrid cloud 3) By End-User Industry: Manufacturing, Military and Defense, Retail and E-Commerce, Healthcare and Life Sciences, Other End-User Industries

The robotics technology refer to the engineering and operation of machines capable of performing physical tasks autonomously or semi-autonomously on behalf of humans. The primary goal of robotics is to build devices that work automatically and perform complex jobs faster and more efficiently than humans. Robotics can take on several forms and is used in various verticals to reduce errors, increase efficiency, and cut down the long work hours. The main types of robotic technologies are industrial robots, mobile robots, service robots, and others. An industrial robot is a mechanical machine that is programmed to perform production-related tasks automatically in industrial environments. The different components include hardware, software, and services that are applied to aerospace manufacturing, agriculture, automotive manufacturing, building maintenance, chemical and fuel processing, construction, consumer product manufacturing, and other end users. The robotics technology market research report is one of a series of new reports from The Business Research Company that provides robotics technology market statistics, including global market size, regional shares, competitors with a robotics technology market share, detailed robotics technology market segments, market trends and opportunities, and any further data you may need to thrive in the robotics technology industry. This robotics technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry. The global robotics technology market size grew from $75.89 billion in 2022 to $88.8 billion in 2023 at a compound annual growth rate (CAGR) of 17.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The robotics technology market size is expected to grow to $155 billion in 2027 at a CAGR of 14.9%. The increasing shift towards automation is driving the growth of the robotic technology market. The increasing use of automation, artificial intelligence, and other technologies is altering how humans and machines interact. Many organizations have expanded automation to indicate that it will allow intelligent machines to make complex or mission-critical decisions. The use of automation is deployed across an enterprise and ecosystem to build a more adaptable business that can respond quickly and adopt new technological operating models. This shift towards automation from the traditional method has changed the market dynamics, leading to an increase in the adoption of robotics technology. For instance, according to a July 2020 survey of 1,500 executives from 21 industries in 26 countries conducted by IBM, a US-based technology corporation, 79% of organizations that are scaling intelligent automation expect their company to outperform the competition in terms of revenue growth. Furthermore, 75% of respondents indicated that their digital and automation projects add the most value to the company in the area of customer experience. Therefore, the increasing shift towards automation will drive the robotics technology market going forward. Technological development has emerged as a key trend gaining popularity in the robotics technology market. Robotics is useful in a wide range of manufacturing industries, including food, automotive, and aerospace. The market is witnessing the adoption of a wide variety of complementary technologies in robotics such as computer vision, natural language processing (NLP), speech recognition, edge computing, and others to ensure the safety and increase productivity, efficiency, quality, and consistency of products. For instance, in August 2020, Mitsubishi Electric India, a manufacturer of electrical and electronic products, launched MELFA ASSISTA, a series of collaborative robots. These robots can collaborate with humans while emphasizing more on safety features such as collision detection and adhering strictly to international safety and robotic standards ISO 10218-1 and ISO/TS15066. The MELFA ASSISTA series of collaborative robots includes the RT VisualBox programming tool, which enables the intuitive development of operational sequences by combining block diagrams into a chain of events. In July 2021, ABB Group, a European-based automation company, acquired ASTI Mobile Robotics Group for an undisclosed amount. This acquisition will broaden ABB's robotics and automation offering, allowing it to deliver a unique automation portfolio while expanding into new industry segments, making it the only company to offer a comprehensive portfolio. ASTI Mobile Robotics Group is a European-based manufacturer of the autonomous mobile robot (AMR). Major players in the robotics technology market are ABB Group, FANUC Corp, Kawasaki Heavy Industries Ltd., KUKA AG, Mitsubishi Electric Corp., Denso Corporation, Yaskawa Electric Corporation, Omron Corporation, Seiko Epson Corporation, Stäubli Robotics, Komatsu, Epson, Panasonic, Nachi Fujikoshi, and Adept Technology. Asia-Pacific was the largest region in the robotics technology market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the robotics technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the robotics technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The robotics technology market consists of revenues earned by entities by providing consumer robots and medical robots. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global robotics technology market is segmented - 1) By Type: Industrial Robots, Mobile Robots, Service Robots, Other Types 2) By Component: Hardware, Software, Service 3) By End User: Aerospace Manufacturing, Agriculture, Automotive Manufacturing, Building Maintenance, Chemical and Fuel Processing, Construction, Consumer Products Manufacturing, Other End Users