Smart Robots Market

Smart Robots Market with COVID-19 Impact Analysis by Component (Sensors, Actuators, Control Systems), Type, Operating Environment, Mobility, Application (Domestic, Field/Agricultural, Public Relations, Industrial), and Region - Global Forecast to 2025

Report Code: SE 3613 Oct, 2020, by marketsandmarkets.com

[245 Pages Report] According to MarketsandMarkets, the global smart robots market is projected to grow from USD 6.1 billion in 2020 to USD 23.0 billion by 2025; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 30.5% during 2020–2025. Increasing funding for research on robots is one of the major drivers contributing to the growth of the market. Funding for research on robotics has increased significantly over the past few years. Governments of multiple countries are undertaking initiatives for the development of robotics technology. For instance, with a total budget of ~USD 314 million (EUR 235), the European Commission has funded research, innovation, and development activities for smart service robots in assisted living environments, such as rehabilitation centers, under the Active and Assisted Living (AAL) joint program for the period of 2018 to 2020. The increasing demand for smart robots is due to the rising integration of IoT in robots for cost-efficient predictive maintenance.  Predictive maintenance is forecasting potential issues before they happen. An IoT-based solution allows storing terabytes of data and running machine learning algorithms on several computers parallel to forecast potential hazards and pinpoint when industrial equipment are likely to fail, thereby assisting in predictive maintenance.

Smart Robots Market

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Impact of COVID-19 on current smart robots market size and forecast

Due to the COVID-19 outbreak, the global economy has shrunk considerably. Therefore, the demand for domestic robots has come down. Governments, mainly in developed nations, are undertaking initiative to deploy robots for disinfection of building, assistance in hospitals, and entertainment of quarantined patients. China has been at the forefront of rolling out robots for combating COVID-19. China has seen a partnership between UNIDO’s (United Nations Industrial Development Organization) Investment and Technology Promotion Office (ITPO) in Shanghai. Meituan Dianping, a China-based consumer delivery app, ramped up its contactless delivery options through autonomous vehicles and robots. Deployment of robots have also been seen in other parts of the world. For instance, in Barcelona, Spain, the TIAGo Base robot of PAL Robotics (Spain) is being used to deliver food and carry objects such as medication and samples around hospitals and similar environments. In Italy, Tommy, a robot nurse, is helping doctors and nurses in a hospital in Varese, Lombardia, to monitor vital signs from devices in rooms, and assist corona virus patients to send messages to doctors. In Valencia, Spain, Robotnik (Spain) is developing a mobile robot base through ENDORSE (an EU-funded project), which can serve as an interface to obtain patient status remotely. In Denmark, Life Science Robotics (LSR) created ROBERT, a device with an integrated lightweight KUKA (Germany) robot, to support physiotherapists in mobilizing patients, in times of social distancing.

Professional applications to hold a larger share of smart robots market in 2020

Professional applications are expected to hold the larger share of smart robots market in 2020. The scope of using robots for professional applications is vast. Professional robots are widely used in field/agricultural applications. The said market is expected to be driven by the increasing demand from logistics management applications. The boom in the e-commerce industry has translated into increased demand for robots in warehouses and for delivery. Professional robots have also gained popularity due to COVID-19 as they are increasingly being used for the disinfection of buildings. Robots are also being used for monitoring and ensuring that social distancing or lockdown guidelines are being followed. They are also interacting directly with symptomatic patients, taking temperatures, carrying out logistics tasks, and handling materials in hospitals. In the race to find a vaccine for COVID-19, robots are again being deployed to handle samples, and, in some cases, AI-based robots are also being used to accelerate the manipulation of data with the intent of shortening the development process.

Control systems to hold largest share of overall smart robots hardware market in 2020

Control systems to hold largest share of overall smart robots hardware market in 2020. Controllers are the most essential and valuable part of a smart robot as the speed and accuracy of processing information depends on them. Based on the complexity of the system, the prices of controllers can go high, resulting in the maximum value addition to the overall smart robot hardware circuitry. However, the sensors segment is expected to grow at the highest CAGR during the forecast period as sensors are expected to be key in expanding the scope of applications performed by robots. To gain an edge over the smart robots market, manufacturers are making robots smarter, interactive, and user friendly, along with adding new features to their products. These new features are leading to the integration of several new types of sensors into the overall smart robot design.

Smart Robots Market by Region

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China to hold the largest share of smart robots market in APAC in 2020

In 2020, China to hold the largest share of the smart robots market in APAC. According to the 2018 white paper on Shenzhen's Robot Industrial Development, the output value of service robots in Shenzhen increased by 21.8% year-on-year to about USD 5 billion in 2018. In 2011, China introduced its 12th Five- Year Plan, and the government identified service robotics as a key area for development for the first time. During the 7th China Information Technology Expo, in 2019, a robot called Youxiaomei was serving visitors with water and tea. According to International Organization of Motor Vehicle Manufacturers (OICA), China is the world’s largest manufacturer of automobiles, with Japan accounting for the highest number of vehicle imports. Therefore, there is huge demand for smart industrial robots in China.

Market Dynamics

Driver: Rising integration of IoT in robots for cost-efficient predictive maintenance

Through the internet of things (IoT) digital networking of various machines, robots and systems are adopted to form integrated smart processes. Predictive maintenance is forecasting potential issues before they happen. An IoT-based solution allows storing terabytes of data and running machine learning algorithms on several computers parallel to forecast potential hazards and pinpoint when industrial equipment are likely to fail, thereby assisting in predictive maintenance. Data such as heat and voltage from various sensors in a robot are gathered on cloud, and then the data is analyzed with machine learning (ML) algorithms. ML algorithms are applied to reveal hidden correlations in data sets and detect abnormal data patterns.

Historically, maintenance activities were scheduled based on the time of the previous check and the age of the equipment. A worldwide study from the ARC group states that only 18% of equipment fail due to their age. The remaining 82% of failures occur randomly. The adoption of IoT in robots for predictive maintenance has reduced maintenance costs and downtime significantly. According to a MarketsandMarkets report, in terms of value, the market for the Internet of Robotic Things is expected to grow at a CAGR of 29.7% during 2015–2022. iRobot (US), Amazon Robotics (US), and DJI (China) are a few of the companies which have integrated IoT with their robots for predictive maintenance and offer the benefit of low maintenance costs.

Restraint: Data privacy concerns and stringent regulations

There are ethical issues concerning the ownership of data, especially with the rise of software services for robots. With the increase of domestic robots for household chores, education, and entertainment, the private information of individuals is available on cloud. This data can often be purchased by third parties such as marketing agencies, and the privacy of individuals can be infringed upon. For instance, Amazon (US) and Google (US) have enabled voice activation and smart response for various robots such as Lynx (Humanoid) and Roomba (vacuum cleaner). The voice from these devices can be infringed upon and misused. Hence, data security must also be considered. Other ethical aspects of robots, such as liability frameworks and the reuse of robot collected data for research or studies, also need to be considered by governments worldwide. The lack of standardization in technology also complicates the integration of systems, as the majority of equipment manufacturers use their in-house interface protocols for communications. The consequences of a data breach are significant in healthcare and military & defense sectors and, therefore, require regulations without stifling the technology.

Apart from this, in the case of delivery robots, public traffic areas designated to pedestrians are used, which binds them to operate under a legal regulatory framework. Most western legal authorities hold the manufacturer responsible for negligence if the delivery robot causes any damage or injury to a user or people passing by the robot. In 2017, San Francisco officials passed one of the most restrictive regulatory laws on delivery robots operating in the US. This regulation was a result of people complaining about robots crowding the sidewalks, making transit difficult for pedestrians. Till March 2018, no startup had secured a permit for the road testing of robots. In 2019, California allowed testing of autonomous vehicles weighing less than 10,000 pounds. Any vehicle weighing more than 10,000 pounds is still not permitted. Such stringent regulations are restraining the growth of the smart robots market.

Opportunity: COVID-19 pandemic prompting several industries to adopt automation technologies

In the wake of the COVID-19 outbreak, several industries fell short of the workforce. Therefore, to be ready for such future situations, companies are moving towards adopting robots. For instance, activities in the food & beverages industry are covered under the Essential Commodities Act; companies in this industry can continue producing food items and beverages and would move toward automation to be ready for future crises, thereby leading to a rise in demand for smart industrial robots from this sector. Many countries are expected to open more pharmaceutical companies to be self-sufficient and be ready for any future crisis. This, in turn, would lead to an increase in demand for robots from the pharmaceuticals sector. Robots expedite various processes, such as filling and closing syringes, packaging IV bags, drug manufacturing, and inspection. Moreover, smart industrial robots are expected to witness high demand as there would be a need to produce large quantities of vaccines for coronavirus in a short span of time, and robots would help speed up the process. Smart robots are being widely used for disinfection worldwide. For instance, UVD Robots (Denmark), a subsidiary of Blue Ocean Robotics (Denmark), are being used to disinfect patient rooms and operating theaters in hospitals. The robots consist of a mobile base equipped with multiple lidar sensors and an array of powerful short-wavelength ultraviolet-C (UVC) lights. Xenex Disinfection Services LLC (US) makes full-spectrum UV Germ-Zapping Robots to eliminate harmful bacteria, viruses, and spores that can cause healthcare-associated infections (HAIs). China has opened a field hospital in the Hongshan Sports Center in Wuhan, staffed by robots to serve 20,000 patients to relieve healthcare workers overwhelmed by the coronavirus.

Challenge: Inaccurate results impeding use in critical operations

Robots are used in various critical applications, such as medical surgeries, bomb diffusion, and the security and assistance of senior citizens. As robots cannot be programmed for all possibilities, in applications such as medical surgeries where each human body can throw a new challenge, robots are not well suited to be deployed until further developments. According to the US Food and Drug Administration (FDA), during 2016–2018, 32 adverse events were reported with reference to robotically assisted surgeries of cancer, carcinoma, or tumor. Also, robots can incur technical issues, such as the occurrence of viruses in programs and loss in connectivity with the Internet, while performing a critical operation. Therefore, more accurate programming considering all possibilities and the availability of a backup for internet connectivity and power are essential for more accurate performance by robots. Also, there can be accidents due to faulty circuits and batteries. For instance, in 2018, an autonomous food delivery robot manufactured by Kiwibot (Czech Republic) burst into flames in California due to the use of a faulty battery. In drones, there is a challenge to improve accuracy for avoiding collisions with moving objects, which change direction frequently. For instance, larger flying birds such as eagles can attack or capture drones while navigating the atmosphere and taking important photos or videos, and drones should be accurate in identifying such obstacles at a long enough distance to avoid accidents. Also, drones are easily affected by weather, and strong winds can affect their accuracy. Lithium polymer batteries used in drones are very sensitive to moisture. Fog may hit drones and form water droplets, which may cause malfunctions. The output of a robot depends on various parameters, and malfunction in any of the parameters can reduce the accuracy of the robot. Accuracy is more important in healthcare, last-mile-delivery, and retail sectors where robots are in close vicinity with humans. The challenge of accuracy can be overcome by more detailed programming, which takes into consideration all possible scenarios, and by using circuitry, which has safety measures incorporated.

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Scope of the Report

:

Report Metric

Details

Market size available for years

2017—2025

Base year

2019

Forecast period

2020—2025

Units

Value (USD million/billion) and Volume (Units)

Segments covered

Type, component, operating environment, mobility, application, and geography

Geographic regions covered

North America, Europe, APAC, and RoW

Companies covered

iRobot (US), SoftBank Robotics Group (Japan),  ABB (Switzerland), KUKA (Germany), FANUC (Japan), Hanson Robotics (China), Amazon (US), YASKAWA (Japan), BLUE FROG ROBOTICS (France), Kongsberg Maritime (Norway), Universal Robots (Denmark), ECA GROUP (France), DeLaval (Sweden), Intuitive Surgical (US), Neato robotics (US), Bluefin Robotics (US), Rethink Robotics (US), Aethon (US), Samsung Electronics (South Korea), GeckoSystems (US)

This report categorizes the smart robots market based on type, component, operating environment, mobility, application, and geography.

By Component:

  • Hardware
    • Sensors
    • Actuators
    • Power sources
    • Control systems
    • Others (body material and other electronic, electrical, & mechanical components
  • Software
  • COVID-19 Impact on Market for Various Components

By Mobility:

  • Stationary
  • Mobile
  • COVID-19 Impact on Market, By Mobility

By Operating Environment:

  • Ground
  • Underwater
  • COVID-19 Impact on Market, By Operating Environment

By Application:

  • Personal and Domestic
    • Companionship
    • Education and Entertainment
    • Domestic
    • Others (Elderly Assistance and Home Security)
  • Professional
    • Military & Defense
    • Law Enforcement
    • Public Relations
    • Logistics Management
    • Industrial
    • Inspection and Maintenance
    • Field/Agricultural
    • Healthcare Assistance
    • Others (Construction & Demolition and Professional Cleaning)
  • COVID-19 Impact on Market for Various Applications

By Geography:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • Spain
    • France
    • UK
    • Rest of Europe
  • APAC
    • China
    • South Korea
    • Japan
    • India
    • Rest of APAC
  • RoW
    • Middle East and Africa
    • South America
  • COVID-19 Impact on Market in Various Regions

Key Market Players

Major companies in the smart robots market are iRobot (US), SoftBank Robotics Group (Japan),  ABB (Switzerland), KUKA (Germany), FANUC (Japan), Hanson Robotics (China), Amazon (US), YASKAWA (Japan), BLUE FROG ROBOTICS (France), Kongsberg Maritime (Norway), Universal Robots (Denmark), ECA GROUP (France), DeLaval (Sweden), Intuitive Surgical (US), Neato robotics (US), Bluefin Robotics (US), Rethink Robotics (US), Aethon (US), Samsung Electronics (South Korea), GeckoSystems (US).

SoftBank Robotics (Japan) follows the strategy of outsourcing. SoftBank outsourced the manufacture of Pepper to Foxconn (Taiwan), the world’s largest EMS (Electronics Manufacturing Service). This facilitated a drastic cost saving from its high-cost production in Aldebaran, France, where it held the job shop production model. SoftBank Robotics has the advantage of saving sales and promotion costs by utilizing the business asset of SoftBank Group. The company is mainly focusing toward developed economies such as Germany, the US, and the UAE, which can afford to adopt robots irrespective of their high costs owing to which the company has established a better brand awareness compared with its competitors such as Robotis (South Korea), HANSON ROBOTICS (China), and UBTECH Robotics (China). The same strategy of focusing mainly on developed economies is expected to be adopted by the company in the coming years to further enhance brand awareness.

Recent Developments

  • In February 2020, ABB and Silicon Valley start-up Covariant (US) partnered to work on warehouse robotics for e-commerce companies like Amazon Inc. (US) and Alibaba Group Holding Ltd. (China).
  • In April 2019, Boston Dynamics (US), a subsidiary of SoftBank Robotics Group, acquired Kinema Systems (US). The acquisition helped SoftBank Robotics Group to integrate its robotic hands with deep learning technology to locate and move boxes on complex pallets.
  • In January 2019, iRobot launched Terra Mow, a mower that eliminates the need for costly and labor-intensive boundary wires. Initially, it was available for sales in Germany and as a beta program in the US.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 29)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
        FIGURE 1 SMART ROBOTS MARKET SEGMENTATION
           1.3.1 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 34)
    2.1 RESEARCH DATA
        FIGURE 2 SMART ROBOTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – BOTTOM-UP (DEMAND SIDE)—DEMAND FOR SMART ROBOTS IN US
                 FIGURE 4 SMART ROBOTS MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM PRODUCTS IN SMART ROBOTS MARKET
                 FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR A COMPANY IN SMART ROBOTS MARKET
                 FIGURE 7 SMART ROBOTS MARKET: TOP-DOWN APPROACH
           2.2.3 MARKET PROJECTIONS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.4.1 ASSUMPTIONS
           2.4.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 45)
  TABLE 1 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
    3.1 REALISTIC SCENARIO
    3.2 OPTIMISTIC SCENARIO
    3.3 PESSIMISTIC SCENARIO
        FIGURE 9 SMART ROBOTS MARKET GROWTH PROJECTION BY ADOPTING REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
        FIGURE 10 IMPACT OF COVID-19 ON SMART ROBOTS MARKET
        FIGURE 11 SERVICE ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET THROUGHOUT FORECAST PERIOD
        FIGURE 12 HARDWARE TO HOLD LARGER SHARE OF SMART ROBOTS MARKET THROUGHOUT FORECAST PERIOD
        FIGURE 13 MOBILE ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET IN 2020
        FIGURE 14 GROUND ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET THROUGHOUT FORECAST PERIOD
        FIGURE 15 SMART ROBOTS WILL BE PRIMARILY DEPLOYED FOR DOMESTIC APPLICATION IN 2020
        FIGURE 16 APAC TO GROW AT HIGHEST CAGR IN SMART ROBOTS MARKET DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 ATTRACTIVE MARKET OPPORTUNITIES IN SMART ROBOTS MARKET
        FIGURE 17 RISING INTEGRATION OF IOT IN ROBOTS FOR COST-EFFICIENT PREDICTIVE MAINTENANCE TO BOOST DEMAND FOR SMART ROBOTS DURING FORECAST PERIOD
    4.2 SMART ROBOTS MARKET, BY MOBILITY
        FIGURE 18 MOBILE ROBOTS ARE EXPECTED TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
    4.3 SMART ROBOTS MARKET IN NORTH AMERICA, BY APPLICATION VS. BY COUNTRY
        FIGURE 19 PROFESSIONAL APPLICATIONS AND US TO HOLD LARGEST SHARE OF SMART ROBOTS MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY, RESPECTIVELY, IN 2020
    4.4 SMART ROBOTS MARKET, BY TYPE
        FIGURE 20 SERVICE ROBOTS TO HOLD LARGER SHARE OF SMART ROBOTS MARKET IN 2020
    4.5 SMART ROBOTS MARKET, BY APPLICATION
        FIGURE 21 COMPANIONSHIP ROBOTS ARE EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.6 SMART ROBOTS MARKET, BY COUNTRY
        FIGURE 22 US TO HOLD LARGEST SHARE OF SMART ROBOTS MARKET IN 2020

5 MARKET OVERVIEW (Page No. - 57)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 23 IMPACT OF DRIVERS AND OPPORTUNITIES ON SMART ROBOTS MARKET
        FIGURE 24 IMPACT OF RESTRAINTS AND CHALLENGES ON SMART ROBOTS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Anticipated labor shortage due to COVID-19-responsive ban on migration
                    5.2.1.2 Growing adoption of robots for new applications
                    5.2.1.3 Rising integration of IoT in robots for cost-efficient predictive maintenance
                            FIGURE 25 INTERNET OF ROBOTIC THINGS MARKET, 2015–2022
                    5.2.1.4 Increasing funding for research on robots
           5.2.2 RESTRAINTS
                    5.2.2.1 Data privacy concerns and stringent regulations
           5.2.3 OPPORTUNITIES
                    5.2.3.1 COVID-19 pandemic prompting several industries to adopt automation technologies
                    5.2.3.2 Increased adoption of robots for companionship, handicap assistance, and elderly care
                            FIGURE 26 PROJECTION OF POPULATION ABOVE 60 YEARS OF AGE
                    5.2.3.3 Adoption of swarm intelligence technology enabling robots to perform various complex tasks with ease
                            FIGURE 27 SWARM INTELLIGENCE MARKET GROWTH DURING 2020–2030
           5.2.4 CHALLENGES
                    5.2.4.1 Difficulties faced by startup companies to demonstrate their products virtually during COVID-19
                    5.2.4.2 Inaccurate results impeding use in critical operations
    5.3 CASE STUDIES
           5.3.1 PERSONAL APPLICATIONS (SMART HOME ROBOTS)
                    5.3.1.1 I7+ floor cleaning robot by iRobot (US)
                    5.3.1.2 Zenbo by ASUSTek Computer (Taiwan)
                    5.3.1.3 Landroid by Worx (US)
                    5.3.1.4 Roybi robot by ROYBI (US)
                    5.3.1.5 Forpheus, Omron’s (Japan) table tennis-playing robot
           5.3.2 PROFESSIONAL APPLICATIONS (INTELLIGENT ROBOTS)
                    5.3.2.1 Phoenix Children’s Hospital uses robotic guidance for neurosurgery
                    5.3.2.2 Relay robot developed by Savioke (US) used in hotels such as Starwood (US) and InterContinental Group (US)
           5.3.3 INDUSTRIAL APPLICATIONS (AI-INTEGRATED ROBOTIC SYSTEM)
                    5.3.3.1 Roboteco (Italy) developed industry 4.0 robotic welding cell for Steel-Tech (US)
                    5.3.3.2 Ford Motor Company automated its vehicle production line with KUKA LBR iiwa
                    5.3.3.3 ASM Assembly Systems used KUKA LBR iiwa robots to optimize its SMT lines for the electronics industry
                    5.3.3.4 P4Q electronics increased its production throughput by 25% by deploying smart, adaptable cobot on factory floor
    5.4 AVERAGE SELLING PRICE AS PER USE CASES

6 INDUSTRY TRENDS (Page No. - 68)
    6.1 INTRODUCTION
    6.2 VALUE CHAIN ANALYSIS
        FIGURE 28 VALUE CHAIN ANALYSIS OF SMART ROBOTS ECOSYSTEM: R&D AND MANUFACTURING PHASES CONTRIBUTE MAXIMUM VALUE
    6.3 ECOSYSTEM MAP
    6.4 PATENT ANALYSIS
        TABLE 2 IMPORTANT INNOVATIONS AND PATENT REGISTRATION
        FIGURE 29 PUBLICATION TRENDS
    6.5 TECHNOLOGY TRENDS
           6.5.1 CONVERGENCE OF ROBOTICS, IOT, AND CLOUD COMPUTING TO ENABLE PREDICTIVE MAINTENANCE
                 FIGURE 30 IIOT MARKET, 2020 & 2025
           6.5.2 INTEGRATION WITH AI
           6.5.3 INTEGRATION WITH 5G NETWORKS
           6.5.4 CONNECTIVITY TECHNOLOGY
                    6.5.4.1 Ethernet
                    6.5.4.2 Wi-Fi
                    6.5.4.3 Bluetooth
                    6.5.4.4 Cellular
           6.5.5 NETWORK DEVICES
                    6.5.5.1 Ethernet adapters
                    6.5.5.2 Interconnects
           6.5.6 STORAGE DEVICES
           6.5.7 INTEROPERABILITY SOFTWARE
    6.6 TRADE DATA
           6.6.1 VEHICLE PRODUCTION DATA
                 TABLE 3 GLOBAL VEHICLE PRODUCTION NUMBERS, BY REGION, 2018–2025 (MILLION UNITS)
                 TABLE 4 GLOBAL VEHICLE PRODUCTION NUMBERS, BY TYPE, 2018–2025 (MILLION UNITS)
    6.7 TARIFFS AND REGULATIONS
           6.7.1 NEGATIVE IMPACT OF TARIFFS ON SMART SERVICE ROBOTS
           6.7.2 POSITIVE IMPACT OF TARIFFS ON SMART SERVICE ROBOTS
    6.8 REGULATIONS
           6.8.1 NORTH AMERICA
           6.8.2 EUROPE
           6.8.3 APAC

7 SMART ROBOTS MARKET, BY COMPONENT (Page No. - 81)
    7.1 INTRODUCTION
        FIGURE 31 SMART ROBOTS MARKET FOR SOFTWARE EXPECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD
        TABLE 5 SMART ROBOTS MARKET, BY COMPONENT, 2017–2025 (USD MILLION)
    7.2 HARDWARE
        TABLE 6 SMART ROBOTS MARKET FOR HARDWARE, BY COMPONENT, 2017–2025 (USD MILLION)
        TABLE 7 SMART ROBOTS MARKET FOR HARDWARE, BY ROBOT TYPE, 2017–2025 (USD MILLION)
           7.2.1 SENSORS
                 TABLE 8 SMART ROBOTS MARKET FOR SENSOR, BY TYPE, 2017–2025 (USD MILLION)
                    7.2.1.1 Gyroscope
                               7.2.1.1.1 Gyroscopes facilitate rotation and operation measurement and are critical for performing complex applications
                    7.2.1.2 Average selling prices of gyroscope
                    7.2.1.3 Microphones
                               7.2.1.3.1 Microphones are critical for human-robot interactions
                    7.2.1.4 Accelerometers
                               7.2.1.4.1 Accelerometers are being widely used as impact (shock) or vibration sensors
                    7.2.1.5 Average selling prices of accelerometers
                    7.2.1.6 Tilt sensors
                               7.2.1.6.1 Tilt sensors critical in maintaining constant position and stability of robots
                    7.2.1.7 Force/torque sensors
                               7.2.1.7.1 Force sensors help smart robots carry out force regulation, react to object contacts and make decisions regarding task
                    7.2.1.8 Average selling prices of force sensors
                    7.2.1.9 Position sensors
                               7.2.1.9.1 Position sensors are used by several robots such as surgical robots, automated guided vehicles, and telepresence robots
                    7.2.1.10 Average selling prices of position sensors
                    7.2.1.11 Vision/image sensors
                               7.2.1.11.1 Vision sensors facilitate 2D and 3D image sensing in visible and nonvisible spectrum
                    7.2.1.12 Average selling prices of vision sensors
                    7.2.1.13 Others
           7.2.2 ACTUATORS
                 FIGURE 32 PIEZOELECTRIC SEGMENT IS EXPECTED TO GROW AT A HIGHEST CAGR DURING FORECAST PERIOD IN SMART ROBOTS MARKET FOR ACTUATORS
                 TABLE 9 SMART ROBOTS MARKET FOR ACTUATORS, BY TYPE, 2017–2025 (USD MILLION)
                    7.2.2.1 Electrical
                               7.2.2.1.1 Electrical actuators held largest share of smart robots market for actuators in 2019
                    7.2.2.2 Average selling prices of electrical actuators
                    7.2.2.3 Pneumatic
                               7.2.2.3.1 Pneumatic actuators are lightweight, require minimal maintenance, and offer cost-efficient means of providing linear motion to robots
                    7.2.2.4 Average selling prices of pneumatic actuators
                    7.2.2.5 Hydraulic
                               7.2.2.5.1 Hydraulic actuators are used in robotics applications where heavy forces and high speed are required
                    7.2.2.6 Average selling prices of hydraulic actuators
                    7.2.2.7 Piezoelectric
                               7.2.2.7.1 Market for piezoelectric actuators is expected to grow at highest CAGR during forecast period
                    7.2.2.8 Average selling prices of piezoelectric actuators
                    7.2.2.9 Ultrasonic
                               7.2.2.9.1 Ultrasonic actuators are used for controlling vibrations, positioning applications, and quick switching
                    7.2.2.10 Average selling prices of ultrasonic actuators
           7.2.3 POWER SOURCES
                    7.2.3.1 Robotic systems use several types of power sources such as generator systems, hybrid systems, batteries, photovoltaic cells, and fuel cells
           7.2.4 CONTROL SYSTEMS/CONTROLLERS
                 TABLE 10 SMART ROBOTS MARKET FOR CONTROL SYSTEMS, BY COMPONENT, 2017–2025 (USD MILLION)
                    7.2.4.1 Processors
                               7.2.4.1.1 Market for GPU is expected to grow at highest CAGR during forecast period
                                         TABLE 11 DIFFERENCE BETWEEN VARIOUS TYPES OF PROCESSORS
                                         TABLE 12 SMART ROBOTS MARKET FOR PROCESSORS, BY TYPE, 2017–2025 (USD MILLION)
                    7.2.4.2 Controllers
                               7.2.4.2.1 Controllers decide when and which data is to be processed by processor
           7.2.5 OTHERS
    7.3 SOFTWARE
           7.3.1 SERVICE ROBOTS HELD LARGEST SHARE OF SMART ROBOTS MARKET FOR SOFTWARE
                 FIGURE 33 SMART ROBOTS SOFTWARE MARKET FOR INDUSTRIAL ROBOTS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                 TABLE 13 SMART ROBOTS MARKET FOR SOFTWARE, BY ROBOT TYPE, 2017–2025 (USD MILLION)
    7.4 COVID-19 IMPACT ON MARKET FOR VARIOUS COMPONENTS

8 SMART ROBOTS MARKET, BY OPERATING ENVIRONMENT (Page No. - 98)
    8.1 INTRODUCTION
        FIGURE 34 GROUND ROBOTS SEGMENT IS EXPECTED TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD
        TABLE 14 SMART ROBOTS MARKET, BY ENVIRONMENT, 2017–2025 (USD MILLION)
        TABLE 15 SMART ROBOTS MARKET, BY ENVIRONMENT, 2017–2025 (THOUSAND UNITS)
    8.2 GROUND
           8.2.1 SMART GROUND ROBOTS ARE GENERALLY IN FORM OF COLLABORATIVE ROBOTS AND AGVS
                 TABLE 16 SMART ROBOTS MARKET FOR GROUND ROBOTS, BY MOBILITY, 2017–2025 (USD MILLION)
                 TABLE 17 SMART ROBOTS MARKET FOR GROUND ROBOTS, BY APPLICATION, 2017–2025 (USD MILLION)
                 TABLE 18 SMART GROUND ROBOTS MARKET FOR PERSONAL & DOMESTIC APPLICATIONS, BY APPLICATION, 2017–2025 (USD MILLION)
                 TABLE 19 SMART GROUND ROBOTS MARKET FOR PROFESSIONAL APPLICATIONS, BY APPLICATION, 2017–2025 (USD MILLION)
    8.3 MARINE
           8.3.1 MARINE ROBOTS ARE GENERALLY USED FOR OIL AND GAS EXPLORATION, PIPELINE INSPECTION, DEFENSE & MILITARY APPLICATIONS, ARCHAEOLOGICAL PURPOSES, AND OBJECT IDENTIFICATION
                 TABLE 20 SMART ROBOTS MARKET FOR MARINE ROBOTS, BY MOBILITY, 2017–2025 (USD MILLION)
                 TABLE 21 SMART ROBOTS MARKET FOR MARINE ROBOTS, BY APPLICATION, 2017–2025 (USD MILLION)
                 FIGURE 35 SMART MARINE ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                 TABLE 22 SMART MARINE ROBOTS MARKET FOR PROFESSIONAL APPLICATIONS, BY APPLICATION, 2017–2025 (USD MILLION)
    8.4 COVID-19 IMPACT ON MARKET, BY OPERATING ENVIRONMENT

9 SMART ROBOT MARKET, BY TYPE (Page No. - 106)
    9.1 INTRODUCTION
        FIGURE 36 INDUSTRIAL ROBOTS SEGMENT IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD, IN TERMS OF VALUE
        TABLE 23 SMART ROBOTS MARKET, BY TYPE, 2017–2025 (USD MILLION)
        TABLE 24 SMART ROBOTS MARKET, BY TYPE, 2017–2025 (THOUSAND UNITS)
    9.2 SERVICE ROBOTS
           9.2.1 SERVICE ROBOTS HELP TO ACHIEVE SAVING ON LABOR COSTS
                 TABLE 25 SMART ROBOTS MARKET FOR SERVICE ROBOTS, BY COMPONENT, 2017–2025 (USD MILLION)
    9.3 INDUSTRIAL ROBOTS
           9.3.1 INTEGRATION WITH AI TO DRIVE MARKET FOR INDUSTRIAL ROBOTS
                 FIGURE 37 SOFTWARE SEGMENT IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD IN SMART INDUSTRIAL ROBOTS MARKET
                 TABLE 26 SMART ROBOTS MARKET FOR INDUSTRIAL ROBOTS, BY COMPONENT, 2017–2025 (USD MILLION)
    9.4 COVID-19 IMPACT ON MARKET, BY TYPE

10 SMART ROBOT MARKET, BY MOBILITY (Page No. - 112)
     10.1 INTRODUCTION
          FIGURE 38 STATIONARY ROBOTS SEGMENT IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
          TABLE 27 SMART ROBOTS MARKET, BY MOBILITY, 2017–2025 (USD MILLION)
     10.2 MOBILE
             10.2.1 MOBILITY HELPS IN MAKING ROBOTS MORE AUTONOMOUS, FASTER, AND MORE EFFICIENT
                    TABLE 28 SMART ROBOTS MARKET FOR MOBILE ROBOTS, BY ENVIRONMENT, 2017–2025 (USD MILLION)
     10.3 STATIONARY
             10.3.1 STATIONARY ROBOTS ARE MAINLY USED FOR INDUSTRIAL APPLICATIONS
                    TABLE 29 SMART ROBOTS MARKET FOR STATIONARY ROBOTS, BY ENVIRONMENT, 2017–2025 (USD MILLION)
     10.4 COVID-19 IMPACT ON MARKET, BY MOBILITY

11 SMART ROBOTS MARKET, BY APPLICATION (Page No. - 117)
     11.1 INTRODUCTION
          FIGURE 39 SMART ROBOTS MARKET FOR PROFESSIONAL APPLICATIONS TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
          TABLE 30 SMART ROBOTS MARKET, BY APPLICATION, 2017–2025 (USD MILLION)
     11.2 PERSONAL AND DOMESTIC
          TABLE 31 SMART ROBOTS MARKET, BY PERSONAL & DOMESTIC APPLICATION, 2017–2025 (USD MILLION)
             11.2.1 COMPANIONSHIP
                        11.2.1.1 Decline of extended families and rise of working women is fueling demand for companionship robots
                                 TABLE 32 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION, BY REGION, 2017–2025 (USD THOUSAND)
                                 TABLE 33 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                 TABLE 34 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                 TABLE 35 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                 TABLE 36 SMART ROBOTS MARKET FOR COMPANIONSHIP APPLICATION IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
             11.2.2 EDUCATION AND ENTERTAINMENT
                        11.2.2.1 Trend of digital education to generate demand for educational robots
                                 TABLE 37 SMART ROBOTS MARKET, BY EDUCATION & ENTERTAINMENT APPLICATION, 2017–2025 (USD MILLION)
                                 FIGURE 40 SMART ROBOTS MARKET IN APAC FOR EDUCATION AND ENTERTAINMENT APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                                 TABLE 38 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS, BY REGION, 2017–2025 (USD THOUSAND)
                                 TABLE 39 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                                 TABLE 40 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                 TABLE 41 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                 TABLE 42 SMART ROBOTS MARKET FOR EDUCATION & ENTERTAINMENT APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
             11.2.3 DOMESTIC
                        11.2.3.1 Domestic robots are basically used for vacuuming, mowing lawns, and pool cleaning
                                 TABLE 43 SMART ROBOTS MARKET, BY DOMESTIC APPLICATION, 2017–2025 (USD MILLION)
                                 TABLE 44 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)
                                 TABLE 45 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                                 TABLE 46 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                                 TABLE 47 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                                 TABLE 48 SMART ROBOTS MARKET FOR DOMESTIC APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD MILLION)
             11.2.4 OTHERS
                        11.2.4.1 Elderly and handicap assistance
                                     11.2.4.1.1 Handicap assistive robots can sense sensory information of a human body and assist old and physically disabled people
                        11.2.4.2 Home security and surveillance
                                     11.2.4.2.1 Home security and surveillance robots help in accessing blind spots and reducing false alarms
                                                TABLE 49 SMART ROBOTS MARKET, BY OTHER PERSONAL & DOMESTIC APPLICATION, BY APPLICATION, 2017–2025 (USD MILLION)
                                                TABLE 50 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS, BY REGION, 2017–2025 (USD THOUSAND)
                                                TABLE 51 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                                TABLE 52 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                                TABLE 53 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                                TABLE 54 SMART ROBOTS MARKET FOR OTHER PERSONAL & DOMESTIC APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
     11.3 PROFESSIONAL
          FIGURE 41 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATIONS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 55 SMART ROBOTS MARKET, BY PROFESSIONAL APPLICATION, 2017–2025 (USD MILLION)
             11.3.1 MILITARY & DEFENSE
                    TABLE 56 SMART ROBOTS MARKET, BY MILITARY & DEFENSE APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 57 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 58 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 59 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 60 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 61 SMART ROBOTS MARKET FOR MILITARY & DEFENSE APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD MILLION)
                        11.3.1.1 Spying
                                     11.3.1.1.1 Unmanned ground vehicles and unmanned underwater vehicles are used for spying applications
                        11.3.1.2 Search and rescue operations
                                     11.3.1.2.1 Search and rescue operation robots can reach places inaccessible by humans
                        11.3.1.3 Border security
                                     11.3.1.3.1 Rising geopolitical instabilities and territorial conflicts driving demand for smart robots
                        11.3.1.4 Combat operations
                                     11.3.1.4.1 Exoskeletons are widely used for combat operations
             11.3.2 LAW ENFORCEMENT
                    TABLE 62 SMART ROBOTS MARKET, BY LAW ENFORCEMENT APPLICATION, 2017–2025 (USD MILLION)
                    FIGURE 42 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 63 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS, BY REGION, 2017–2025 (USD THOUSAND)
                    TABLE 64 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 65 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 66 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 67 SMART ROBOTS MARKET FOR LAW ENFORCEMENT APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
                        11.3.2.1 Patrolling
                                     11.3.2.1.1 Patrolling robots are generally capable of reading facial expressions and are multilingual
                        11.3.2.2 Riot control
                                     11.3.2.2.1 Riot Control robots are equipped with non-lethal weapons for riot control and can be remotely controlled
             11.3.3 PUBLIC RELATIONS
                    TABLE 68 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 69 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 70 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 71 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 72 SMART ROBOTS MARKET FOR PUBLIC RELATIONS APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
                        11.3.3.1 Reception management
                                     11.3.3.1.1 Hotels, companies, and retail industry use robots for reception management
                        11.3.3.2 Tour guidance
                                     11.3.3.2.1 Tour guidance robots read faces, respond to various languages, understand emotions, and even imitate human emotions
                        11.3.3.3 Telepresence
                                     11.3.3.3.1 Telepresence robots find application in healthcare, corporate, and personal applications
             11.3.4 LOGISTICS MANAGEMENT
                    TABLE 73 SMART ROBOTS MARKET, BY LOGISTICS MANAGEMENT APPLICATION, 2017–2025 (USD MILLION)
                    FIGURE 43 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATIONS IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 74 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 75 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 76 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 77 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 78 SMART ROBOTS MARKET FOR LOGISTICS MANAGEMENT APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION)
                        11.3.4.1 Pick and place
                                     11.3.4.1.1 Pick and place robots help save walking efforts of workers
                        11.3.4.2 Sorting
                                     11.3.4.2.1 Sorting robots can help to reduce missorted packages
             11.3.5 INDUSTRIAL
                    TABLE 79 SMART ROBOTS MARKET, BY INDUSTRIAL APPLICATION, 2017–2025 (USD MILLION)
                    TABLE 80 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                    TABLE 81 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 82 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 83 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                    TABLE 84 SMART ROBOTS MARKET FOR INDUSTRIAL APPLICATION IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
                        11.3.5.1 Manufacturing
                                     11.3.5.1.1 In manufacturing, collaborative robots are mainly used for pick and place, packaging and palletizing, and machine tending applications
                        11.3.5.2 Material handling
                                     11.3.5.2.1 Collaborative robots are often attached to AMRs and AGVs for material handling
             11.3.6 INSPECTION AND MAINTENANCE
                        11.3.6.1 Oil & gas industry uses robots are used for inspection and maintenance purposes
                                 FIGURE 44 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATIONS IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                                 TABLE 85 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                                 TABLE 86 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                                 TABLE 87 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                 TABLE 88 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                 TABLE 89 SMART ROBOTS MARKET FOR INSPECTION AND MAINTENANCE APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION)
             11.3.7 FIELD/AGRICULTURAL
                        11.3.7.1 In agriculture, robots are used for crop monitoring, plant scouting, and milking livestock
                                 TABLE 90 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                                 TABLE 91 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
                                 TABLE 92 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                 TABLE 93 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
                                 TABLE 94 SMART ROBOTS MARKET FOR FIELD/AGRICULTURAL APPLICATION IN ROW, BY REGION, 2017–2025 (USD MILLION)
             11.3.8 HEALTHCARE ASSISTANCE
                        11.3.8.1 Healthcare assistance robots are used for assisting patients and medicine dispensing
                                 FIGURE 45 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                                 TABLE 95 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                                 TABLE 96 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                 TABLE 97 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                 TABLE 98 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
                                 TABLE 99 SMART ROBOTS MARKET FOR HEALTHCARE ASSISTANCE APPLICATION IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
             11.3.9 OTHERS
                    TABLE 100 SMART ROBOTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2025 (USD THOUSAND)
                    TABLE 101 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 102 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 103 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN EUROPE, BY COUNTRY, 2017–2025 (USD THOUSAND)
                    TABLE 104 SMART ROBOTS MARKET FOR OTHER APPLICATIONS IN ROW, BY REGION, 2017–2025 (USD THOUSAND)
     11.4 COVID-19 IMPACT ON MARKET, BY APPLICATION

12 GEOGRAPHIC ANALYSIS (Page No. - 162)
     12.1 INTRODUCTION
          FIGURE 46 SMART ROBOTS MARKET: GEOGRAPHIC SNAPSHOT
          FIGURE 47 NORTH AMERICA TO HOLD LARGEST SHARE OF SMART ROBOTS MARKET IN 2020
          TABLE 105 SMART ROBOTS MARKET, BY REGION, 2017–2025 (USD MILLION)
     12.2 NORTH AMERICA
          FIGURE 48 NORTH AMERICA: SNAPSHOT OF THE SMART ROBOTS MARKET
          TABLE 106 SMART ROBOTS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
          TABLE 107 SMART ROBOTS MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
             12.2.1 US
                        12.2.1.1 US to be promising market for agricultural, domestic, surgical, defense, and assistive robots
             12.2.2 CANADA
                        12.2.2.1 Extensive start-up culture to encourage growth of smart robots market in Canada
             12.2.3 MEXICO
                        12.2.3.1 Smart robots market in Mexico to grow at highest CAGR in North America during forecast period
     12.3 EUROPE
          FIGURE 49 EUROPE: SNAPSHOT OF THE SMART ROBOTS MARKET
          TABLE 108 SMART ROBOTS MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
          TABLE 109 SMART ROBOTS MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
             12.3.1 UK
                        12.3.1.1 In 2019, UK held largest share of smart robots market in Europe
             12.3.2 GERMANY
                        12.3.2.1 Adoption of robots in automotive industry to favor smart robots market growth in Germany
             12.3.3 FRANCE
                        12.3.3.1 Smart robots market in France expected to grow at highest CAGR during forecast period among all European countries
             12.3.4 ITALY
                        12.3.4.1 Presence of SMEs make Italy attractive market for smart industrial robots
             12.3.5 SPAIN
                        12.3.5.1 Heightened use of robots in automotive and pharmaceuticals industry to favor smart robots market growth
             12.3.6 REST OF EUROPE
     12.4 APAC
          FIGURE 50 APAC: SNAPSHOT OF SMART ROBOTS MARKET
          TABLE 110 SMART ROBOTS MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
          TABLE 111 SMART ROBOTS MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
             12.4.1 JAPAN
                        12.4.1.1 Support from government and corporate sector for adoption of smart robots drives market in Japan
             12.4.2 CHINA
                        12.4.2.1 Huge e-commerce industry propelling the demand for smart delivery robots in China
             12.4.3 INDIA
                        12.4.3.1 Establishment of manufacturing plants can offer opportunities for smart robots deployment in India during forecast period
             12.4.4 SOUTH KOREA
                        12.4.4.1 Aging population is driving adoption of smart robots for various applications
             12.4.5 REST OF APAC
     12.5 ROW
          FIGURE 51 ROW: SNAPSHOT OF SMART ROBOTS MARKET
          TABLE 112 SMART ROBOTS MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
          TABLE 113 SMART ROBOTS MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
             12.5.1 MIDDLE EAST & AFRICA
                        12.5.1.1 Increase in number of manufacturing facilities in Middle East to foster smart robots market growth
             12.5.2 SOUTH AMERICA
                        12.5.2.1 Growing demand for robots from healthcare sector for rehabilitation driving market in South America
     12.6 COVID-19 IMPACT ON MARKET IN VARIOUS REGIONS

13 COMPETITIVE LANDSCAPE (Page No. - 184)
     13.1 OVERVIEW
          FIGURE 52 PLAYERS IN SMART ROBOTS MARKET ADOPTED PRODUCT LAUNCHES AS THEIR KEY STRATEGY FOR BUSINESS EXPANSION FROM 2017 TO 2019
     13.2 MARKET SHARE ANALYSIS: SMART ROBOTS MARKET, 2019
          FIGURE 53 IROBOT LED SMART ROBOTS MARKET IN 2019
     13.3 MARKET RANKING ANALYSIS: SMART ROBOTS MARKET, 2019
          TABLE 114 SMART ROBOTS MARKET RANKING, 2019
     13.4 HISTORIC 5-YEAR REVENUE ANALYSIS
          FIGURE 54 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN SMART ROBOTS MARKET
     13.5 COMPANY EVALUATION QUADRANT
             13.5.1 STAR
             13.5.2 EMERGING LEADER
             13.5.3 PERVASIVE
             13.5.4 PARTICIPANT
                    FIGURE 55 SMART ROBOTS MARKET (GLOBAL), COMPETITIVE LEADERSHIP MAPPING, 2019
     13.6 STRENGTH OF PRODUCT PORTFOLIO (25 PLAYERS)
          FIGURE 56 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SMART ROBOTS MARKET
     13.7 BUSINESS STRATEGY EXCELLENCE (25 PLAYERS)
          FIGURE 57 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN SMART ROBOTS MARKET
     13.8 STARTUP/SME EVALUATION MATRIX
             13.8.1 PROGRESSIVE COMPANIES
             13.8.2 RESPONSIVE COMPANIES
             13.8.3 DYNAMIC COMPANIES
             13.8.4 STARTING BLOCKS
                    FIGURE 58 SMART ROBOTS MARKET (GLOBAL), STARTUP/SME EVALUATION MATRIX
     13.9 COMPETITIVE SITUATIONS AND TRENDS
          FIGURE 59 SMART ROBOTS MARKET WITNESSED SIGNIFICANT GROWTH FROM 2017 TO 2019
             13.9.1 PRODUCT LAUNCHES
                    TABLE 115 PRODUCT LAUNCHES, 2019
             13.9.2 PARTNERSHIPS AND COLLABORATIONS
                    TABLE 116 PARTNERSHIPS AND COLLABORATIONS, 2018–2019
             13.9.3 EXPANSIONS
                    TABLE 117 EXPANSIONS, 2018–2019
             13.9.4 ACQUISITIONS
                    TABLE 118 ACQUISITIONS, 2017–2019

14 COMPANY PROFILES (Page No. - 198)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 KEY PLAYERS
             14.1.1 IROBOT
                    FIGURE 60 IROBOT: COMPANY SNAPSHOT
             14.1.2 SOFTBANK ROBOTICS
             14.1.3 ABB
                    FIGURE 61 ABB: COMPANY SNAPSHOT
             14.1.4 KUKA
                    FIGURE 62 KUKA: COMPANY SNAPSHOT
             14.1.5 FANUC
                    FIGURE 63 FANUC: COMPANY SNAPSHOT
             14.1.6 HANSON ROBOTICS
             14.1.7 AMAZON
                    FIGURE 64 AMAZON: COMPANY SNAPSHOT
             14.1.8 YASKAWA
                    FIGURE 65 YASKAWA: COMPANY SNAPSHOT
             14.1.9 BLUE FROG ROBOTICS
             14.1.10 KONGSBERG MARITIME
                     FIGURE 66 COMPANY SNAPSHOT: KONGSBERG MARITIME
     14.2 OTHER KEY PLAYERS
             14.2.1 UNIVERSAL ROBOTS
             14.2.2 ECA GROUP
             14.2.3 DELAVAL GROUP
             14.2.4 INTUITIVE SURGICAL
             14.2.5 NEATO ROBOTICS
             14.2.6 BLUEFIN ROBOTICS
             14.2.7 RETHINK ROBOTICS
             14.2.8 AETHON
             14.2.9 SAMSUNG ELECTRONICS
             14.2.10 GECKOSYSTEMS
     14.3 RIGHT-TO-WIN
             14.3.1 IROBOT
             14.3.2 KUKA
             14.3.3 SOFTBANK ROBOTICS
             14.3.4 ABB
             14.3.5 FANUC

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

15 APPENDIX (Page No. - 239)
     15.1 DISCUSSION GUIDE
     15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     15.3 AVAILABLE CUSTOMIZATIONS
     15.4 RELATED REPORTS
     15.5 AUTHOR DETAILS

The study involved the estimation of the current size of the global smart robots market. Exhaustive secondary research was carried out to collect information about the market and its peer markets. It was followed by the validation of findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete size of the market. It was followed by the market breakdown and data triangulation methods to estimate the size of different segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources were referred to for identifying and collecting information pertinent to this study on the smart robots market. Secondary sources included annual reports; press releases; investor presentations; white papers; journals and certified publications; and articles by recognized authors, directories, and databases. Secondary research was conducted to obtain key information about the supply chain of the industry, value chain of the market, the total pool of key players, market segmentation according to the industry trends (to the bottommost level), geographic markets, and key developments from both market- and technology-oriented perspectives.

After the complete market engineering (which included calculations for the market statistics, market breakdown, data triangulation, market size estimations, and market forecasting), extensive primary research was carried out to gather information, as well as to verify and validate the critical numbers obtained for the smart robots market.

Primary Research

Extensive primary research was conducted after gaining knowledge about the current scenario of the smart robots market through secondary research. Several primary interviews were conducted with the market experts from both demand (commercial application providers) and supply (equipment manufacturers and distributors) sides across 4 major regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW). Approximately 20% and 80% of primary interviews were conducted with parties from the demand side and supply side, respectively. Primary data was collected through questionnaires, emails, and telephonic interviews.

Smart Robots Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, were used to estimate and validate the size of the smart robots market and other dependent submarkets. Key players in the market were determined through primary and secondary research. This entire research methodology involved the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as chief executive officers (CEOs), vice presidents (VPs), directors, and marketing executives for key insights (both qualitative and quantitative) about the smart robots market. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market segments covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analyses from MarketsandMarkets and presented in the report.

Data Triangulation

After arriving at the overall market size using the estimation processes explained above, the smart robots market was split into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides for smart robots.

Report Objectives

  • To define, describe, segment, and forecast the global smart robots market size, by operating environment, mobility, type, component, application, and geography, in terms of value
  • To define, describe, segment, and forecast the global smart robot market size, by operating environment and type, in terms of volume
  • To forecast the market size for 4 main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), in terms of value
  • To strategically analyze the micromarkets with regard to the individual growth trends, prospects, and their contribution to the smart robots market
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the smart robots market
  • To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
  • To provide a detailed overview of the value chain of the smart robots market
  • To analyze competitive developments such as expansions, agreements, collaborations, acquisitions, partnerships, and product launches, along with research and development (R&D) in the smart robots market
  • To strategically profile key players of the smart robots market and comprehensively analyze their market ranking and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the smart robots market report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
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Report Code
SE 3613
Published ON
Oct, 2020
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