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Smart Robot Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

November 2023 | 140 pages | ID: S0744B2C1BADEN
IMARC Group

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The global smart robot market size reached US$ 10.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.3 Billion by 2028, exhibiting a growth rate (CAGR) of 17.78% during 2022-2028.

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 report, along with forecasts at the global, regional and country level from 2023-2028. 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.

Key Questions Answered in This Report

1. How big is the global smart robot market?
2. What is the expected growth rate of the global smart robot market during 2023-2028?
3. What are the key factors driving the global smart robot market?
4. What has been the impact of COVID-19 on the global smart robot market?
5. What is the breakup of the global smart robot market based on the component?
6. What is the breakup of the global smart robot market based on the mobility?
7. What is the breakup of the global smart robot market based on the application?
8. What is the breakup of the global smart robot market based on the vertical?
9. What are the key regions in the global smart robot market?
10. Who are the key players/companies in the global smart robot market?
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 Electronics
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Food and Beverages
  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 TABLES

Table 1: Global: Smart Robot Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Smart Robot Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Smart Robot Market Forecast: Breakup by Mobility (in Million US$), 2023-2028
Table 4: Global: Smart Robot Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Smart Robot Market Forecast: Breakup by Vertical (in Million US$), 2023-2028
Table 6: Global: Smart Robot Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Smart Robot Market: Competitive Structure
Table 8: Global: Smart Robot Market: Key Players

LIST OF FIGURES

Figure 1: Global: Smart Robot Market: Major Drivers and Challenges
Figure 2: Global: Smart Robot Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Smart Robot Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Smart Robot Market: Breakup by Component (in %), 2022
Figure 5: Global: Smart Robot Market: Breakup by Mobility (in %), 2022
Figure 6: Global: Smart Robot Market: Breakup by Application (in %), 2022
Figure 7: Global: Smart Robot Market: Breakup by Vertical (in %), 2022
Figure 8: Global: Smart Robot Market: Breakup by Region (in %), 2022
Figure 9: Global: Smart Robot (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Smart Robot (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Smart Robot (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Smart Robot (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Smart Robot (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Smart Robot (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Smart Robot (Stationary) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Smart Robot (Stationary) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Smart Robot (Mobile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Smart Robot (Mobile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Smart Robot (Welding and Painting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Smart Robot (Welding and Painting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Smart Robot (Assembling and Disassembling) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Smart Robot (Assembling and Disassembling) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Smart Robot (Material Handling and Sorting) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Smart Robot (Material Handling and Sorting) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Smart Robot (Inspection and Security) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Smart Robot (Inspection and Security) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Smart Robot (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Smart Robot (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Smart Robot (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Smart Robot (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Smart Robot (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Smart Robot (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Smart Robot (Electrical and Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Smart Robot (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Smart Robot (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Smart Robot (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Smart Robot (Chemical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Smart Robot (Chemical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Smart Robot (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Smart Robot (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Smart Robot (Other Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Smart Robot (Other Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: North America: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: North America: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United States: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United States: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Canada: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Canada: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Asia-Pacific: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Asia-Pacific: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: China: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: China: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Japan: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Japan: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: India: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: India: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: South Korea: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: South Korea: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Australia: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Australia: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Indonesia: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Indonesia: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Others: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Others: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Europe: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Europe: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Germany: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Germany: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: France: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: France: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: United Kingdom: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: United Kingdom: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Italy: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Italy: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Spain: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Spain: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Russia: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Russia: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Others: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Others: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Latin America: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Latin America: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Brazil: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Brazil: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Mexico: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Mexico: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Others: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Others: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Middle East and Africa: Smart Robot Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Middle East and Africa: Smart Robot Market: Breakup by Country (in %), 2022
Figure 91: Middle East and Africa: Smart Robot Market Forecast: Sales Value (in Million US$), 2023-2028
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


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