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Smart Robots Market Is Developing Rapidly With 22.4% CAGR By 2025, Driven By Rising Trend of Robotic Automation And Technological Development For Industrial Applications | Million Insights

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Smart Robots Market Is Developing Rapidly With 22.4% CAGR By 2025, Driven By Rising Trend of Robotic Automation And Technological Development For Industrial Applications | Million Insights

October 14
16:56 2021
Smart Robots Market Is Developing Rapidly With 22.4% CAGR By 2025, Driven By Rising Trend of Robotic Automation And Technological Development For Industrial Applications | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global smart robot industry is expected to witness enhanced growth owing to increasing adoption of AI-based and IoT-enabled devices from 2018 to 2025. Also, in the manufacturing and consumer electronics sector, rising demand for automated appliances is projected to create ample growth opportunities for Smart Robots market growth.

The global smart robots market size is expected to attain USD 16.46 billion by the end of 2025 and is estimated to register CAGR of 22.4% during the forecast period from 2018 to 2025, according to a new report by Million Insights. The growing trend of robotic automation and technological development for industrial applications is projected to increase the demand for smart robots in the next few years.

Smart robotic solutions are highly used in applications such as palletizing, packaging and metal fabrication. These robots can perform various tasks in maintenance & manufacturing operations. Smart robots play a key role in reducing labor costs and improving productivity in industrial operations. Additionally, several benefits like greater accuracy and minimum accidents are expected to positively impact on market growth.

To download the sample PDF of “Smart Robots Market Report” please click here:

U.S. smart robots market

The adoption of new technologies with the integration of artificial intelligence tools and IoT-based devices is helping to improve the efficiency of smart robots. Several companies such as ABB Ltd, Fanuc Corporation invest in developing robotic technologies. All these key factors are anticipated to surge the market growth over the forecasted years.

In the industrial sector, growing demand for process automation is boosting the need for industrial robots. Furthermore, rising investment of firms in using smart robots for material handling, packaging applications is boosting the market growth. Moreover, growing adoption of artificial intelligence based and IoT enabled devices are expected to proliferate the demand for smart robots.

Smart robot market is moderately volatile in nature due to stiff competition among key players, and factors like strategic acquisitions & mergers. In 2016, Panasonic Corporation has acquired Open Synergy GmbH, which deals with software development in automotive sector. Key manufacturers in the market are Robot Corporation, ABB Ltd, Fanuc Corporation; Kuka AG, and Panasonic Corporation.

To browse report summary & detailed TOC, please click the link below:

Europe smart robots market

Further key findings from the report suggest:

• Smart robots are growing in demand due to its various benefits in automation including cost reductions, safety & reliability applications.

• Government authorities across the world are also focusing on enhancing productivity in industrial automation.

• Asia Pacific is estimated to expand at a significant rate of CAGR from 2018 to 2025.

• Market is anticipated to grow at substantial rate owing to rising adoption of robotic technologies.

Million Insights has segmented the global smart robots market based on component, application, end use, vertical and region:

Smart Robots Component Outlook (Revenue, USD Billion, 2014 – 2025)

    • Hardware

    • Software

    • Service

Smart Robots Application Outlook (Revenue, USD Billion, 2014 – 2025)

    • Industrial Robots

        • Field Applications

        • Metal Fabrication

        • Packaging and Palletizing

        • Others

    • Service Robots

        • Mobility

        • Security & Inspection

        • Healthcare Applications

        • Others

Smart Robots End Use Outlook (Revenue, USD Billion, 2014 – 2025)

    • Industrial

    • Commercial

    • Residential

Smart Robots Vertical Outlook (Revenue, USD Billion, 2014 – 2025)

    • Automotive

    • Healthcare

    • Manufacturing

    • Food & Beverages

    • Retail

    • Energy & Utility

    • Others

Smart Robots Regional Outlook (Revenue, USD Billion, 2014 – 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • U.K.

        • Germany

    • Asia Pacific

        • China

        • South Korea

        • Japan

    • South America

        • Brazil

    • Middle East & Africa

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

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