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Smart Robots Global Market Report 2023 – 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, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Starting Price : $4000.00 | Pages : 200 | Published : January 2023 | SKU CODE : h1308 | Delivery Time: 2-3 business days | Format :


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

    Table Of Contents

    1. Executive Summary

    2. Smart Robots Market Characteristics

    3. Smart Robots Market Trends And Strategies

    4. Smart Robots Market - Macro Economic Scenario

    4.1. COVID-19 Impact On Smart Robots Market

    4.2. Ukraine-Russia War Impact On Smart Robots Market

    4.3. Impact Of High Inflation On Smart Robots Market

    5. Smart Robots Market Size And Growth

    5.1. Global Smart Robots Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Smart Robots Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Smart Robots Market Segmentation

    6.1. Global Smart Robots Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Hardware

    Software

    Services

    6.2. Global Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Professional Service Robots

    Personal Service Robots

    Collaborative Robots

    6.3. Global Smart Robots Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Industrial

    Residential

    Commercial

    6.4. Global Smart Robots Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Manufacturing

    Healthcare

    Defense

    Energy and Utility

    Other Applications

    7. Smart Robots Market Regional And Country Analysis

    7.1. Global Smart Robots Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Smart Robots Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Smart Robots Market

    8.1. Asia-Pacific Smart Robots Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Smart Robots Market

    9.1. China Smart Robots Market Overview

    9.2. China Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Smart Robots Market

    10.1. India Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Smart Robots Market

    11.1. Japan Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Smart Robots Market

    12.1. Australia Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Smart Robots Market

    13.1. Indonesia Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Smart Robots Market

    14.1. South Korea Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Smart Robots Market

    15.1. Western Europe Smart Robots Market Overview

    15.2. Western Europe Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Smart Robots Market

    16.1. UK Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Smart Robots Market

    17.1. Germany Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Smart Robots Market

    18.3. France Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Smart Robots Market

    19.1. Eastern Europe Smart Robots Market Overview

    19.2. Eastern Europe Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Smart Robots Market

    20.1. Russia Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Smart Robots Market

    21.1. North America Smart Robots Market Overview

    21.2. North America Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Smart Robots Market

    22.1. USA Smart Robots Market Overview

    22.2. USA Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Smart Robots Market

    23.1. South America Smart Robots Market Overview

    23.2. South America Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Smart Robots Market

    24.1. Brazil Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Smart Robots Market

    25.1. Middle East Smart Robots Market Overview

    25.2. Middle East Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Smart Robots Market

    26.1. Africa Smart Robots Market Overview

    26.2. Africa Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Smart Robots Market Competitive Landscape And Company Profiles

    27.1. Smart Robots Market Competitive Landscape

    27.2. Smart Robots Market Company Profiles

    27.2.1. iRobot

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. SoftBank Robotics Group

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. ABB

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. KUKA

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. FANUC

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Smart Robots Market

    29. Smart Robots Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Smart Robots Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Smart Robots Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Smart Robots Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Smart Robots Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Global Smart Robots Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: Asia-Pacific, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: China, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: India, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Japan, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Australia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: Indonesia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: South Korea, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: Western Europe, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: UK, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: Germany, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: France, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Eastern Europe, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: Russia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: North America, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: USA, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: South America, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Brazil, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Middle East, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Africa, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 28: iRobot Financial Performance
  • Table 29: SoftBank Robotics Group Financial Performance
  • Table 30: ABB Financial Performance
  • Table 31: KUKA Financial Performance
  • Table 32: FANUC Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Smart Robots Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Smart Robots Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Smart Robots Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Smart Robots Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Global Smart Robots Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: Asia-Pacific, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: China, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: India, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Japan, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Australia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: Indonesia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: South Korea, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: Western Europe, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: UK, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: Germany, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: France, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Eastern Europe, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: Russia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: North America, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: USA, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: South America, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Brazil, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Middle East, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Africa, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 28: iRobot Financial Performance
  • Figure 29: SoftBank Robotics Group Financial Performance
  • Figure 30: ABB Financial Performance
  • Figure 31: KUKA Financial Performance
  • Figure 32: FANUC Financial Performance
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