2.7 million industrial robots work in industries worldwide, an increase of 12%

DUBLIN, December 22, 2021 /PRNewswire/ — “Smart Robots Global Market Report 2020-30: COVID-19 Implications and Growth” has been added to from ResearchAndMarkets.com offer

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The global smart robot market is expected to grow from $6.19 billion in 2020 for $8.58 billion in 2021 at a compound annual growth rate (CAGR) of 38.69%.

The growth is mainly due to companies resuming operations and adapting to the new normal while meeting demand during the COVID-19 outbreak, which had increased the demand for intelligent robots to administer medicines , monitor patients and help frontline workers and reduce exposure to the virus.

The market should reach $20.91 billion in 2025 at a CAGR of 24.94%.

Major Players in the Smart Robots Market are:

iRobot, SoftBank Robotics Group, ABB, KUKA, FANUC, Hanson Robotics, Yaskawa Electric Corporation, Rethink Robotics, Blue Frog Robotics, Universal Robots, DeLaval, Intuitive Surgical, Aethon, Samsung Electronics, GeckoSystems, Honda Motor Company Ltd., Omron Adept Technologies , Inc., GreyOrange pte Ltd, Kongsberg Maritime, ECA GROUP, Neato Robotics, Bluefin Robotics, Puresight Systems Pvt. Ltd, AIBRAIN Inc, Brain Corporation, Cyberdyne Inc., Epson America Inc, Lely, OTC Daihen Inc. and F&P Personal Robotics.

The smart robot market consists of sales of smart robots by entities (organizations, individual companies, and partnerships) that manufacture smart robots.

An intelligent robot is a computerized reasoning (AI) device capable of observing from its environment and context and producing its skills in light of the overall learning process. Intelligent robots are used for research, manufacturing and even human applications.

The main types of intelligent robots are professional service robots, personal service robots and collaborative robots. A professional service robot is an intelligent robot used for commercial tasks.

These include cleaning robots for public places, delivery robots in offices or hospitals, fire robots, rehabilitation robots and surgical robots in hospitals. A personal service robot is an intelligent robot used for a non-commercial task. These include household robots, automated wheelchairs, personal mobility assistance robots, and pet exercise robots. Intelligent robots are used in manufacturing, healthcare, defense, energy and utilities, and other industries.

North America was the largest region in the smart robot market in 2020.

Asia Pacific is expected to be the fastest growing region during the forecast period. The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Smart robots are now being used in various applications including agriculture and this is a key trend that is gaining popularity in the smart robot market. Companies operating in the smart robot market are focused on developing smart robots that can be used in agriculture.

Rising penetration of smart robots in industries is expected to drive the growth of smart robots market over the coming years.

Smart robots are a mix of advanced technology and efficient hardware that use smart sensor technology (such as ultrasonic, light, and touch sensors) to communicate with the physical world around them. In Industry 4.0, modern robots are used in production operations that often run around the clock without human supervision.

According to the recent World Robotics 2020 report from the International Federation of Robotics (IFR), found that around 2.7 million industrial robots are working in industries around the world, an increase of 12%.

The sales of advanced robots remained at a high rate with 373,000 units shipped globally in 2019. Hence, the increasing penetration of smart robots in industries is driving the growth of smart robots market.

The countries covered in the Smart Robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, United States.

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Companies cited

  • i robot

  • SoftBank Robotics Group

  • ABB

  • KUKKA

  • FANUC

  • Hanson Robotics

  • Yaskawa Electric Corporation

  • Rethinking robotics

  • Blue Frog Robotics

  • Universal Robots

  • DeLaval

  • Intuitive surgery

  • Ethon

  • Samsung Electronics

  • GeckoSystems

  • Honda Motor Company Ltd.

  • Omron Adept Technologies, Inc.

  • GreyOrange pte Ltd

  • Kongsberg Maritime

  • CEA GROUP

  • Neato Robotics

  • Bluefin Robotics

  • Puresight Systems Pvt. ltd

  • AIBRAIN Inc.

  • brain society

  • Cyberdyne Inc.

  • Epson America Inc.

  • Lely

  • OTC Daihen, Inc.

  • F&P Personal Robotics

For more information about this report visit https://www.researchandmarkets.com/r/2lwtbz

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Mavis R. Bernier