Smart Robots Global Market Report 2022 – 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 2022-2026

Starting Price : $4000.00 | Pages : 150 | Published : February 2022 | SKU CODE : h984 | Delivery Time: 2-3 business days | Format :


The smart robots market consists of sales of smart robots by entities (organizations, sole traders and partnerships) that manufacture smart robots. A smart robot is a computerized reasoning (AI) device that is capable of observing from 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 a commercial task such as a cleaning robot for public places, a delivery robot in offices or hospitals, a fire-fighting robot, a rehabilitation robot and a surgery robot in hospitals. The components used in the smart robots are hardware, software, and services. Smart robots are used in manufacturing, healthcare, defense, energy and utility, and other applications by industrial, residential and commercial end-users.

The global smart robots market size is expected to grow from $8.68 billion in 2021 to $10.83 billion in 2022 at a compound annual growth rate (CAGR) of 24.8%. The change in the smart robot market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $26.30 billion in 2026 at a CAGR of 24.8%.

The increasing penetration of smart robots in industries is predicted to boost the growth of the smart robot’s market over 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 it. 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 International Federation of Robotics (IFR), revealed that around 2.7 million industrial robots are working in industries across the globe, a rise of 12%. Sales of advanced robots stayed at a high rate with 373,000 units delivered worldwide in 2019. 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 key trend gaining popularity in the smart robots market. Companies operating in smart robots sector are focusing on developing smart robots that can be used in agriculture. For instance, in 2020, Farmwise, a USA 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 which 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 June 2019, iRobot Corp., the leader in consumer robots, acquired Root Robotics, the developer of an educational robot called the Root coding robot, for an undisclosed amount. The acquisition of Root Robotics will allow iRobot to broaden the impact of its STEM efforts with a commercially available, educational robotic platform that was already being used by educators, students and parents. The Root coding robot is a two-wheeled, mobile platform and when it is paired with the companion mobile application, users can instruct Root to draw artwork, scan colors, play music, respond to touch and sound, climb whiteboard walls, and explore the fundamentals of robotics.

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, and Universal Robots.

North America was the largest region in the smart robots market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the smart robot 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 and USA.

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, Others

    Table Of Contents

    1. Executive Summary

    2. Smart Robots Market Characteristics

    3. Smart Robots Market Trends And Strategies

    4. Impact Of COVID-19 On Smart Robots

    5. Smart Robots Market Size And Growth

    5.1. Global Smart Robots Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Smart Robots Forecast Market, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion

    Hardware

    Software

    Services

    6.2. Global Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Professional Service Robots

    Personal Service Robots

    Collaborative Robots

    6.3. Global Smart Robots Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Industrial

    Residential

    Commercial

    6.4. Global Smart Robots Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Smart Robots Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Smart Robots Market  

    10.1. India Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Smart Robots Market  

    11.1. Japan Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Smart Robots Market  

    12.1. Australia Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Smart Robots Market  

    13.1. Indonesia Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Smart Robots Market  

    14.1. South Korea Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Smart Robots Market  

    16.1. UK Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Smart Robots Market  

    17.1. Germany Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Smart Robots Market  

    18.3. France Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Smart Robots Market  

    20.1. Russia Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Smart Robots Market  

    24.1. Brazil Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, 2021-2026F, 2031F, $ 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. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Smart Robots Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Smart Robots Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Smart Robots Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Smart Robots Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global Smart Robots Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: China, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: India, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Japan, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Australia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Indonesia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: South Korea, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Western Europe, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: UK, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Germany, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: France, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Eastern Europe, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: Russia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: North America, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: USA, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: South America, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Brazil, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Middle East, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Africa, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Smart Robots Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Smart Robots Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Smart Robots Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Smart Robots Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Global Smart Robots Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: Asia-Pacific, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: China, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: India, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Japan, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Australia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: Indonesia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: South Korea, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: Western Europe, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: UK, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: Germany, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: France, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Eastern Europe, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: Russia, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: North America, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: USA, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: South America, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Brazil, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Middle East, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Africa, Smart Robots Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ 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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