What are smart robots?

Smart robots are advanced robotic systems equipped with artificial intelligence (AI), sensors, and other technologies that enable them to perceive, learn, adapt, and perform tasks autonomously or semi-autonomously.

How big is Smart Robots Market?

The Global Smart Robots Market size is expected to be worth around USD 128.1 Billion by 2033, from USD 12.5 Billion in 2023, growing at a CAGR of 26.2% during the forecast period from 2024 to 2033.

What is driving the growth of the smart robots market?

Factors driving growth include advancements in AI and sensor technologies, increasing demand for automation across industries, rising labor costs, the need for precision and efficiency, and the expansion of applications in sectors like healthcare and logistics.

What are the challenges facing the smart robots market?

Challenges include concerns about job displacement, safety and regulatory issues, high initial costs, complexity of implementation, interoperability among different systems, and ethical considerations regarding AI and automation.

Who are the major players operating in the Smart Robots Market?

ABB Ltd., KUKA AG, FANUC Corporation, Omron Corporation, Honda Motor Co. Ltd., Yaskawa Electric Corporation, Kawasaki Robotics, Hanson Robotics Ltd., DeLaval, Samsung Electronics Co. Ltd., Puresight Systems Pvt. Ltd., Intuitive Surgical Inc., Other Key Players

Which region will lead the global Smart Robots Market?

In 2023, the Asia-Pacific (APAC) region emerged as the dominant player in the smart robots market, capturing a significant market share of over 40.9% .

Global Smart Robots Market By Component (Hardware, Software), By Application (Material Handling, Assembling and Disassembling, Inspection and Maintenance, Cleaning, Security, Other Applications), By End-Use (Industrial Use, Commercial Use, Residential Use), By End-Use Industry (Electronics, Automotive, Food & Beverages, Retail, Healthcare, Education, Other End-Use Industries), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2024-2033

Published date: March 2024
Report ID: 116158
Number of Pages: 220
Format:

- ABB Ltd.
- KUKA AG
- FANUC Corporation Company Profile
- Omron Corporation
- Honda Motor Co., Ltd.
- Yaskawa Electric Corporation
- Kawasaki Robotics
- Hanson Robotics Ltd.
- DeLaval
- Samsung Electronics Co., Ltd.
- Puresight Systems Pvt. Ltd.
- Intuitive Surgical, Inc.
- Other Key Players