Smart Robot Market By Service (Personal, Professional) By Application (Electronics, Automotive, Food & Beverages) By Technology (Hardware, Software) - Global Size Analysis and Industry Forecast, 2018-2023.

Report Overview

GLOBAL SMART ROBOT MARKET was valued at USD 3.51 Billion in the year 2017. Global Smart Robot market is further estimated to grow at a CAGR of 25.32% from 2018 to reach USD 13.59 Billion by the year 2023. Asia-Pacific region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level China, Japan, India are projected to grow strongly in the coming years.

Robot Corporation (U.S.), LG Electronics Inc. (South Korea), Samsung Electronics Co., Ltd. (South Korea), Israel Aerospace Industries (Israel), Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), ABB Group (Switzerland), KUKA Aktiengesellschaft (Germany), Rethink Robotics (U.S.), Universal Robots (Europe), Northrop Grumman Corporation (U.S.), are some of the key players in the Global Smart Robot market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.

Drivers:

          Adoption of IoT across the globe

Restraints:

          Higher Cost and maintenance

Opportunities:

          Growth in Automation Industry

Challenges:

          Government Regulations and norms.

The Global Smart Robot Market is segmented on the basis of service, application, technology and region. The major shares of the market comes from Electronics, by application in Global Smart Robot Market. On the other hand, Professional, by service for this market is expected to grow at highest CAGR during year 2018-2023.

Key Benefits for Stakeholders

Smart Robot Manufacturer, Suppliers and Distributors

Integrated device manufacturers (IDMs), Service and Solution Provider

Technology Standards Organizations, Forums, Alliances and Associations

Regulatory bodies, Consulting Firm.

By Service

Personal

Professional

By Application

Electronics

Automotive

Food & Beverages

Others

By Technology

Hardware

Software

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

iRobot Corporation

LG Electronics Inc.

Samsung Electronics Co., Ltd.

Israel Aerospace Industries

Lockheed Martin Corporation

The Boeing Company

ABB Group

KUKA Aktiengesellschaft 

Rethink Robotics

Universal Robots           

Northrop Grumman Corporation

(A brief overview of 10 companies is also provided in the report.)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

1.      Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
2.      Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
3.      To avoid bias, we filter the collected data collected from authenticated sources.
4.      GMI has a well proven Statistical Modeling System for estimates and forecasts.
5.      Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
6.      Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and  balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.