HOME Top Market Reports Smart Robots Market by Component (Software, Hardware), Application (Collaborative Industrial Robots, Personal Service Robots, Professional Service Robots), by Geography (North America, Europe, APAC, RoW) - Analysis & Forecast to 2020

Smart Robots Market by Component (Software, Hardware), Application (Collaborative Industrial Robots, Personal Service Robots, Professional Service Robots), by Geography (North America, Europe, APAC, RoW) - Analysis & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: July 2015
Report Code: SE 3613

 

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Smart robots are the intelligent robotic systems with artificial intelligence designed to carry out their operation without direct human intervention. They perform their tasks independently and can work along with humans in various industrial and service applications. The smart robots application market is mainly dominated by service applications broadly categorized into personal and professional services.

Smart robots used in personal services consist of domestic application, entertainment, and others, such as elderly assistance and home security. The smart robot market size for domestic application is projected to reach USD 2.17 Billion by 2020. The field application holds the highest market share in the professional application of smart robots, which comprises milking robots and other robots used in agriculture and forestry.  The market size of milking robots accounted USD 902.1 Million in 2014.

This report covers the said market in regions, including the North America, Europe, Asia-Pacific, and Rest of the World (RoW). The global smart robots market is dominated by North America and it is expected to contribute around 40% to the total  market.

The significant drivers contributing to the growth of the smart robots market include increasing demand from the healthcare sector, adoption of smart robots by the e-commerce giants, the growing domestic service segment, and the growth of elderly assistance robots. However, the slow rate of commercialization and high cost incurred in research and development are the key factors that are restraining the growth of the market.

The report also discusses the future road-map of the global smart robots market with respect to upcoming technologies, potential markets, and applications. The key players includes iRobot Corporation (U.S.), DeLaval (Sweden), Lely (The Netherlands), KUKA AG (Germany), Amazon (U.S.) Honda (Japan), Kongsberg Maritime (Norway), Google Inc. (U.S.) among others.

Market by Component:

The market by product component includes hardware and software.

Market by Application:

The smart robots market is mainly categorized into applications such as industrial and services.

Market by Geography:

The market by geography is segmented into four different regions: North America, Europe, APAC, and the Rest of the World.

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Lucrative Market Opportunities in the Smart Robots Market
    4.2 the U.S. Commands the Global Smart Robots Market
    4.3 North America Holds the Prominent Position in the Global Smart Robots Application Market
    4.4 the Global Smart Robot Market: Developing vs. Developed Countries
    4.5 the Global Smart Robots Market, By Personal Application (2015)
    4.6 the Global Market, By Professional Application
    4.7 the Global Collaborative Industrial Robots Market Size, By Application

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Component
           5.3.2 By Application
           5.3.3 By Geography
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increase in the Demand From the Medical and Healthcare Sectors
                    5.4.1.2 Adoption By E-Commerce Industry
                    5.4.1.3 Growing Domestic Service Segment
           5.4.2 Restraints
                    5.4.2.1 Slow Rate of Commercialization
                    5.4.2.2 High Cost of Research and Development
           5.4.3 Opportunity
                    5.4.3.1 Increase in Use of Robots By the Education Sector
           5.4.4 Challenge
                    5.4.4.1 Manipulation of Robots in Human Environment to Ensure Safety and Efficiency of Tasks Performed

6 Industry Trends (Page No. - 41)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Industry Trends
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threats From New Entrants
           6.4.2 Threats From Substitutes
           6.4.3 Bargaining Power of Buyers
           6.4.4 Bargaining Power of Suppliers
           6.4.5 Degree of Competition

7 Market, By Component (Page No. - 47)
    7.1 Introduction
    7.2 Hardware
           7.2.1 Sensors
           7.2.2 Actuators
           7.2.3 Power Source
           7.2.4 Control System
           7.2.5 Others
    7.3 Software

8 Market, By Applications (Page No. - 52)
    8.1 Introduction
    8.2 Collaborative Industrial Robots
           8.2.1 Automotive
           8.2.2 Electronics
           8.2.3 Food and Beverages
    8.3 Service Sector
           8.3.1 Personal Services
                    8.3.1.1 Domestic
                    8.3.1.2 Entertainment
                    8.3.1.3 Smart Toys
                    8.3.1.4 Robotic Pets
                    8.3.1.5 Others
           8.3.2 Professional Services
                    8.3.2.1 Defense and Security
                    8.3.2.2 Demining
                    8.3.2.3 Fire and Bomb Fighting
                    8.3.2.4 Field
                    8.3.2.5 Medical
                    8.3.2.6 Underwater
                    8.3.2.7 Logistics
                    8.3.2.8 Telepresence
                    8.3.2.9 Inspection & Maintenance
                    8.3.2.10 Others

9 Market, By Geography (Page No. - 84)
    9.1 Introduction
    9.2 North America
    9.3 Europe
    9.4 Asia-Pacific
    9.5 Rest of the World

10 Competitive Landscape (Page No. - 94)
     10.1 Overview
     10.2 Market Share Analysis: Smart Robots Market, 2014
     10.3 Competitive Situation and Trends
     10.4 Product Launch
     10.5 Agreements, Partnerships, Collaboration and Contracts
     10.6 Mergers & Acqusitions
     10.7 Expansion
     10.8 Others

11 Company Profiles (Page No. - 101)
(Overview, Products and Services, Financials, Strategy & Development)*
     11.1 Irobot Corporation
     11.2 Delaval Group
     11.3 Lely Group
     11.4 Amazon.Com, Inc.
     11.5 Kuka AG
     11.6 Honda Motor Co., Ltd.
     11.7 Google, Inc.
     11.8 ABB Ltd.
     11.9 Fanuc Corporation
     11.10 Yaskawa Electric Corporation
     11.11 Adept Tecnology, Inc.
     11.12 Northrop Grumman Corporation
     11.13 ECA Group
     11.14 Intuitive Surgical, Inc.
     11.15 Aethon Inc.
     11.16 Geckosystems Intl. Corp.
     11.17 Bluefin Robotics Corporation

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 136)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Related Reports


List of Tables (70 Tables)

Table 1 Global Smart Robot Market: Analysis of Drivers
Table 2 Global Smart Robot Market: Analysis of Restraints
Table 3 Global Smart Robot Market: Analysis of Opportunity
Table 4 Global Smart Robot Market: Analysis of Challenge
Table 5 Global Smart Robots Market Size, By Components,2014–2020, (USD Million)
Table 6 Global Market Size, By Hardware Components,2014–2020, (USD Million)
Table 7 Global Market Size, By Applications,2014–2020, (USD Million)
Table 8 Global Market Size, By Collaborative Industrial Robots Applications, 2014–2020, (USD Million)
Table 9 Global Smart Robots Market Size, By Collaborative Industrial Robots Applications, 2014–2020, (Units)
Table 10 Global Smart Collaborative Industrial Robots Market Size,By Geography, 2014–2020, (USD Million)
Table 11 Global Smart Robots Market Size, By Service Applications,2014–2020, (USD Million)
Table 12 Global Market Size, By Service Applications,2014–2020, (Thousand Units)
Table 13 Global Market Size, By Personal Service Applications,2014–2020, (USD Million)
Table 14 Global Smart Robots Market Size, By Personal Service Applications,2014–2020, (Thousand Units)
Table 15 Global Smart Robot Personal Application Market Size, By Geography,(USD Million)
Table 16 Global Smart Robots Market Size, By Domestic Applications,2014-2020, (USD Million)
Table 17 Global Market Size, By Domestic Applications,2014–2020, (Thousand Units)
Table 18 Global Smart Robots Domestic Application Market Size, By Geography 2014–2020, (USD Million)
Table 19 Global Vacuum & Floor Cleaning Robots Market Size, By Geography2014–2020, (USD Million)
Table 20 Global Lawn Mowing Robots Market Size, By Geography2014–2020, (USD Million)
Table 21 Global Pool Cleaning Robots Market Size, By Geography2014–2020, (USD Million)
Table 22 Global Smart Robots Market Size, By Entertainment Applications,2014–2020, (USD Million)
Table 23 Global Market Size, By Entertainment Applications,2014–2020, (Thousand Units)
Table 24 Global Smart Robots Entertainment Application Market Size,By Geography 2014–2020, (USD Million)
Table 25 Global Smart Toys Market Size, By Geography 2014–2020, (USD Million)
Table 26 Global Robotic Pets Market Size, By Geography2014–2020, (USD Million)
Table 27 Global Market Size, By Others Applications,2014–2020, (USD Million)
Table 28 Global Market Size, By Others Applications,2014–2020, (Thousand Units)
Table 29 Global Smart Robots Other Personal Application Market Size,By Geography 2014–2020, (USD Million)
Table 30 Global Elderly & Handicap Assistance Market Size, By Geography2014–2020, (USD Million)
Table 31 Global Home Security & Surveillance Market Size, By Geography2014–2020, (USD Million)
Table 32 Global Smart Robots Market Size, By Professional Service Applications, 2014–2020, (USD Million)
Table 33 Global Market Size, By Professional Service Applications, 2014-2020, (Units)
Table 34 Global Smart Robots Professional Application Market Size,By Geography 2014–2020, (USD Million)
Table 35 Global Smart Robots Market Size, By Defense Applications,2014-2020, (USD Million)
Table 36 Global Market Size, By Defense Applications,2014–2020, (Units)
Table 37 Global Smart Robots Defense Application Market Size, By Geography 2014–2020, (USD Million)
Table 38 Global Smart Robots Demining Application Market Size, By Geography 2014–2020, (USD Million)
Table 39 Global Smart Robots Fire and Bomb Fighting Application Market Size,By Geography 2014–2020, (USD Million)
Table 40 Global Smart Robots Market Size, By Field Applications,2014–2020, (USD Million)
Table 41 Global Market Size, By Field Applications,2014-2020, (Units)
Table 42 Global Smart Robots Field Application Market Size, By Geography 2014–2020, (USD Million)
Table 43 Global Smart Robots AGriculture & Forestry Application Market Size, By Geography 2014–2020, (USD Million)
Table 44 Global Smart Robots Milking Robots Application Market Size,By Geography 2014–2020, (USD Million)
Table 45 Global Market Size, By Medical Applications,2014-2020, (USD Million)
Table 46 Global Market Size, By Medical Applications,2014-2020, (Units)
Table 47 Global Smart Robots Medical Application Market Size, By Geography 2014–2020, (USD Million)
Table 48 Global Smart Robots Rehabilitation System Application Market Size,By Geography 2014–2020, (USD Million)
Table 49 Global Smart Robots Assistive Robots Medical Application Market Size,By Geography 2014–2020, (USD Million)
Table 50 Global Smart Robots Underwater Application Market Size,By Geography 2014–2020, (USD Million)
Table 51 Global Market Size, By Logistics Applications,2014–2020, (USD Million)
Table 52 Global Market Size, By Logistics Applications,2014–2020, (Units)
Table 53 Global Smart Robots Logistics Application Market Size, By Geography 2014–2020, (USD Million)
Table 54 Global Smart Robots Market Size, By Telepresence Applications,2014–2020, (USD Million)
Table 55 Global Market Size, By Telepresence Applications,2014–2020, (Units)
Table 56 Global Smart Robots Telepresence Application Market Size,By Geography 2014–2020, (USD Million)
Table 57 Global  Market Size, By Inspection & Maintenance Applications, 2014–2020, (USD Million)
Table 58 Global Market Size, By Inspection & Maintenance Applications, 2014-2020, (Units)
Table 59 Global Smart Robots Inspection & Maintenance Application Market Size,By Geography, 2014–2020 , (USD Million)
Table 60 Global Smart Robots Others Professional Application Market Size,By Geography, 2014–2020, (USD Million)
Table 61 Global Smart Robots Market Size, By Region, 2014-2020, (USD Million)
Table 62 North America Smart Robots Market Size, By Country,2014-2020, (USD Million)
Table 63 Europe Smart Robots Market Size, By Country, 2014–2020, (USD Million)
Table 64 Apac Smart Robots Market Size, By Country, 2014–2020, (USD Million)
Table 65 RoW Smart Robots Market Size, By Region, 2014–2020, (USD Million)
Table 66 New Product Launch, 2012-2015
Table 67 Agreements, Partnerships, Collaboration & Contracts, 2012–2015
Table 68 Mergers & Acquisitions, 2012-2015
Table 69 Expansion
Table 70 Others
 
 
List of Figures (61 Figures)
 
Figure 1 Markets Covered
Figure 2 Research Design
Figure 3 Smart Robotics Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Smart Robots Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown & Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Limitations of the Research Study
Figure 8 Global Mobile Robots Market Snapshot (2014 vs. 2020): Professional Service Application to Witness the Highest Growth During the Forecast Period
Figure 9 Domestic Application Holds the Lion Share for Market In Personal Services
Figure 10 Inspection & Maintenance Robots to Witness the Highest Growth for Professional Services During the Forecast Period
Figure 11 North America to Hold the Largest Share for Market In 2015
Figure 12 Global Markets Opportunities
Figure 13 The U.S. Holds the Leading Position in the Global Smart Robots Market
Figure 14 North America Dominates the Global Smart Robots Application Market
Figure 15 Market in Developing Countries is Expected to Grow at Higher CAGR as Compared to Developed Countries
Figure 16 North America is Expected to Hold the Lions Share for Smart Robots Personal Applications
Figure 17 Telepresence Robots is Projected to Grow at the Highest CAGRIn Professional Application Market
Figure 18 Automotive Sector is Expected to Hold the Highest Share for Collaborative Industrial Robots
Figure 19 Evolution of Robots
Figure 20 Smart Robot Market, By Component
Figure 21 Smart Robot Market, By Application
Figure 22 Smart Robot Market, By Geography
Figure 23 Growing Demand From Healthcare Sector is Expected to PropelThe Smart Robots Market
Figure 24 Value Chain Analysis
Figure 25 Companies in Different Phases of Value Chain
Figure 26 Smart Robot Market: Industry Trends
Figure 27 Porter’s Five Forces Analysis
Figure 28 Global Smart Robots Market, By Component
Figure 29 Global Market Size, By Hardware Component(2015 vs. 2020)
Figure 30 Professional Services to Dominate the Global Market
Figure 31 Vacuum and Floor Cleaning Robots Hold the Largest Share in the Domestic Service Market
Figure 32 Smart Entertainment Robot Segmentation
Figure 33 Smart Robotics in Field to Account for Largest Share in 2015
Figure 34 Assistive Robots to Witness Prominent Growth During the Forecasted Period
Figure 35 Factory Logistics to Dominate Within the Logitics Application
Figure 36 Healthcare the Largest Telepresence Application in 2015
Figure 37 The Market Geographic Snapshot, CAGR% (2015-2020)
Figure 38 North American Smart Robots Market Snapshot
Figure 39 European Smart Robots Market Snapshot
Figure 40 Asia-Pacific Smart Robots Market Snapshot
Figure 41 RoW Smart Robots Market Snapshot
Figure 42 Growth Strategies Adopted By Companies During the Studied Period (2013-2015)
Figure 43 Global Market Share, By Key Player, 2014
Figure 44 Market Evaluation Framework: (2013–2015)
Figure 45 Battle for Market Share: Product Launches Was the Key Strategy Adopted By Companies to Expand Their Businesses During the Studied Period
Figure 46 Company Mapping, By Applications
Figure 47 Irobot Corporation : Company Snapshot
Figure 48 Irobot Corporation: SWOT Analysis
Figure 49 Amazon.Com, Inc.: Company Snapshot
Figure 50 Amazon.Com, Inc.: SWOT Analysis
Figure 51 Kuka AG : Company Snapshot
Figure 52 Kuka AG: SWOT Analysis
Figure 53 Honda Motor Co., Ltd.: Company Snapshot
Figure 54 Google, Inc.: Company Snapshot
Figure 55 ABB Ltd: Business Overview
Figure 56 Fanuc Corpration: Business Overview
Figure 57 Yaskawa Electric Corporation: Business Overview
Figure 58 Adept Technology, Inc.: Company Snapshot
Figure 59 Northrop Grumman Corporation: Company Snapshot
Figure 60 ECA Group: Company Snapshot
Figure 61 Intuitive Surgical, Inc.: Business Overview

The smart robots market is estimated to grow at a CAGR of 19.22% to reach USD 7.85 Billion by 2020. Smart robots are generating subsequent traction from both industrial and service vertical. The smart robots have been adopted by different applications such as automotive, electronics, food & beverages, construction, and others among the industrial vertical. In the service industry, smart robots are being used for various personal services such as domestic, elderly assistance, home security, and entertainment. Its professional applications include defense and security, field, medical, underwater, and logistics.

The key applications included in the report are industrial and services. Among both, the service application is expected to hold the largest market size of USD 2.84 billion in 2014 growing at the CAGR of 16.45% from 2015-2020.

The report also segments the smart robots market based on geography into the North America, Europe, Asia-Pacific, and the Rest of the World (RoW). The North American region comprised the largest region in terms of market size for the market accounting USD 1.17 Billion market size in 2014.

The report also includes the market dynamics such as drivers, restraints, and opportunities. Apart from the market segmentation, the report also includes the critical market data and quantitative analysis for each product type, along with the qualitative information such as the Porter’s Five Forces analysis and the value chain analysis. The increase in demand from healthcare sector, adoption of smart robots by e-commerce giants, growing domestic service segment, and the growth of elderly assistance robots are some of the significant growth drivers for the smart robots market. However, the slow rate of commercialization and high cost incurred in research and development are the key factors that are restraining the growth of the market.

The key players includes iRobot Corporation (U.S.), DeLaval (Sweden), Lely (The Netherlands), KUKA AG (Germany), Amazon (U.S.) Honda (Japan), Kongsberg Maritime (Norway), Google Inc. (U.S.) among others.

Smart Robots Market

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