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Smart Robot Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global smart robot market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Smart robots collaborate with humans and adapt their behavior according to experience for performing cognitive tasks and manual labor work. They are integrated with advanced technologies, such as artificial intelligence (AI), machine learning (ML), sensors, and deep learning (DL). They can digitally connect with a cloud platform to improve operational efficiency and agility of business processes. As a result, they are widely utilized in industrial settings to automate manufacturing processes and warehouse management systems.

Smart Robot Market Trends:

The emergence of the Fourth Industrial Revolution (Industry 4.0) and the growing trend of precision manufacturing are catalyzing the need to modify manufacturing facilities into connected factories. This represents one of the major factors driving the demand for smart robots as they can perform repetitive and less ergonomic tasks, which allows seamless sharing of information and increases product quality and productivity. Moreover, several retail stores are deploying in-store robots to recognize actions in real-time, assist operators, and reduce human errors. Apart from this, service-enabled robotics is gaining traction in the healthcare industry to assist complex surgeries, elderly care, assistive technologies, and patient care at home. This, coupled with the growing prevalence of chronic diseases, is positively influencing the demand for smart robots to aid people with cognitive, sensory, and motor impairments. Furthermore, as smart robotic vacuum cleaners are lightweight, small-in-size, and require low maintenance, they are extensively utilized for mopping, cleaning, and ultraviolet (UV) sterilization of residential and commercial spaces. This, in confluence with the outbreak of the coronavirus disease (COVID-19) and the growing emphasis of individuals on maintaining health and hygiene, is positively influencing the demand for smart robots to prevent the spread of the pandemic and create a safe workplace.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smart robot market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, mobility, application and vertical.

Breakup by Component:

  • Hardware
  • Software
  • Services
     

Breakup by Mobility:

  • Stationary
  • Mobile
     

Breakup by Application:

  • Welding and Painting
  • Assembling and Disassembling
  • Material Handling and Sorting
  • Inspection and Security
  • Others
     

Breakup by Vertical:

  • Automotive
  • Manufacturing
  • Electrical and Electronics
  • Food and Beverages
  • Chemical
  • Residential
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., F&P Robotics AG, Fanuc Corporation, Hanson Robotics Limited, Honda Motor Co. Ltd, iRobot Corporation, KUKA AG (Midea Group), Neato Robotics Inc. (Vorwerk), Rethink Robotics GmbH, Samsung Electronics Co. Ltd., Seiko Epson Corporation, SoftBank Robotics Corp and Yaskawa Electric Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
    Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Component, Mobility, Application, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ABB Ltd., F&P Robotics AG, Fanuc Corporation, Hanson Robotics Limited, Honda Motor Co. Ltd, iRobot Corporation, KUKA AG (Midea Group), Neato Robotics Inc. (Vorwerk), Rethink Robotics GmbH, Samsung Electronics Co. Ltd., Seiko Epson Corporation, SoftBank Robotics Corp and Yaskawa Electric Corporation.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global smart robot market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart robot market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the mobility?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global smart robot market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Smart Robot Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Services
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Mobility
    7.1    Stationary
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Mobile
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Application
    8.1    Welding and Painting
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Assembling and Disassembling
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Material Handling and Sorting
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Inspection and Security
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Vertical
    9.1    Automotive
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Manufacturing
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Electrical and Electronic
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Food and Beverage
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Chemical
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Residential
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    ABB Ltd.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    F&P Robotics AG
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Fanuc Corporation
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Hanson Robotics Limited
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Honda Motor Co. Ltd
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
           15.3.5.3 Financials
           15.3.5.4 SWOT Analysis
        15.3.6    iRobot Corporation
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
           15.3.6.4 SWOT Analysis
        15.3.7    KUKA AG (Midea Group)
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Neato Robotics Inc. (Vorwerk)
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Rethink Robotics GmbH
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
        15.3.10    Samsung Electronics Co. Ltd.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    Seiko Epson Corporation
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    SoftBank Robotics Corp
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
        15.3.13    Yaskawa Electric Corporation
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio
           15.3.13.3 Financials

List of Figures

Figure 1: Global: Smart Robot Market: Major Drivers and Challenges
Figure 2: Global: Smart Robot Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Smart Robot Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Smart Robot Market: Breakup by Component (in %), 2020
Figure 5: Global: Smart Robot Market: Breakup by Mobility (in %), 2020
Figure 6: Global: Smart Robot Market: Breakup by Application (in %), 2020
Figure 7: Global: Smart Robot Market: Breakup by Vertical (in %), 2020
Figure 8: Global: Smart Robot Market: Breakup by Region (in %), 2020
Figure 9: Global: Smart Robot (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Smart Robot (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Smart Robot (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Smart Robot (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Smart Robot (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Smart Robot (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Smart Robot (Stationary) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Smart Robot (Stationary) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Smart Robot (Mobile) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Smart Robot (Mobile) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Smart Robot (Welding and Painting) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Smart Robot (Welding and Painting) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Smart Robot (Assembling and Disassembling) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Smart Robot (Assembling and Disassembling) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Smart Robot (Material Handling and Sorting) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Smart Robot (Material Handling and Sorting) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Smart Robot (Inspection and Security) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Smart Robot (Inspection and Security) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Smart Robot (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Smart Robot (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Smart Robot (Automotive) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Smart Robot (Automotive) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Smart Robot (Manufacturing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Smart Robot (Manufacturing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Smart Robot (Electrical and Electronics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Smart Robot (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Smart Robot (Food and Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Smart Robot (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Smart Robot (Chemical) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Smart Robot (Chemical) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Smart Robot (Residential) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Global: Smart Robot (Residential) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Global: Smart Robot (Other Verticals) Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Global: Smart Robot (Other Verticals) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: North America: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: North America: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: United States: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: United States: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Canada: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Canada: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Asia-Pacific: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Asia-Pacific: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: China: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: China: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Japan: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Japan: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: India: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: India: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: South Korea: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: South Korea: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Australia: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Australia: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Indonesia: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Indonesia: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Others: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Others: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Europe: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Europe: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Germany: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Germany: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: France: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: France: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: United Kingdom: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: United Kingdom: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Italy: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Italy: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Spain: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Spain: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Russia: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Russia: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Others: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Others: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Latin America: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Latin America: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Brazil: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Brazil: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Mexico: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Mexico: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Others: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 88: Others: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 89: Middle East and Africa: Smart Robot Market: Sales Value (in Million US$), 2015 & 2020
Figure 90: Middle East and Africa: Smart Robot Market: Breakup by Country (in %), 2020
Figure 91: Middle East and Africa: Smart Robot Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Global: Smart Robot Industry: SWOT Analysis
Figure 93: Global: Smart Robot Industry: Value Chain Analysis
Figure 94: Global: Smart Robot Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Smart Robot Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Smart Robot Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Smart Robot Market Forecast: Breakup by Mobility (in Million US$), 2021-2026
Table 4: Global: Smart Robot Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 5: Global: Smart Robot Market Forecast: Breakup by Vertical (in Million US$), 2021-2026
Table 6: Global: Smart Robot Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Smart Robot Market: Competitive Structure
Table 8: Global: Smart Robot Market: Key Players

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