The smart robots market is forecasted to grow by USD 20502.4 mn during 2023-2028, accelerating at a CAGR of 23.73% during the forecast period. The report on the smart robots market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing focus of companies on factory automation, technological advances in smart robots, and growing government funding for smart robots.
Technavio's smart robots market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
18.86%
CAGR
23.73%
Incremental Value
$20502.4mn
ByProduct
Professional service robots
Personal service robots
Collaborative robots
BySolution
Software
Hardware
Service
ByGeography
APAC
Europe
North America
South America
Middle East and Africa
This study identifies the rise in number of m and a activities as one of the prime reasons driving the smart robots market growth during the next few years. Also, increasing investments in robotics industry by venture capitalists and growing demand for smart robots in automotive industry will lead to sizable demand in the market.
The report on the smart robots market covers the following areas:
Smart robots market sizing
Smart robots market forecast
Smart robots market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart robots market vendors that include ABB Ltd., Amazon.com Inc., Clearpath Robotics Inc., Dyson Technology India Pvt. Ltd., Ecovacs Robotics Co. Ltd., FANUC Corp., Gaussian Robotics Pte Ltd., HANSON ROBOTICS Ltd., Husqvarna AB, Kawasaki Heavy Industries Ltd., L3Harris Technologies Inc., LG Electronics Inc., MIDEA Group Co. Ltd., OMRON Corp., QinetiQ Ltd., Rethink Robotics GmbH, Robert Bosch GmbH, Samsung Electronics Co. Ltd., UBTECH Robotics Inc., and Yaskawa Electric Corp.. Also, the smart robots market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Product
Executive Summary - Chart on Market Segmentation by Solution
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Smart Robots Market 2018 - 2022
Historic Market Size - Data Table on Global Smart Robots Market 2018 - 2022 ($ million)