Smart Robot Market Surges: Innovations Reshaping Healthcare, Manufacturing, and Beyond

Smart Robot Market Expected to Reach $17,561 Million, Globally, by 2025

WILMINGTON, DE, UNITED STATES, December 12, 2024 /EINPresswire.com/ -- Allied Market Research, titled, Global Smart Robot Market by Component, Application, and Industry Verticals: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global smart robot market is expected to value at $4,057 million in 2017, and is projected to reach $17,561 million by 2025, registering a CAGR of 19.6% from 2018 to 2025.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/4701

At present, North America dominates the market, followed by Europe. In 2017, the U.S. is expected to remain dominant in the North America market, while Germany is projected to lead the overall market in Europe.

The smart robot is a reprogrammable, multifunctional manipulator designed to move material, parts, tools, or specialized devices through various programmed motions for the performance of a variety of tasks. An autonomous robot uses a coding algorithm to perform a specified operation and changes its working by the changes made in the programming. By use of advanced technology, a smart robot can help people overcome daily obstacles or to teach children and is majorly used in the industry vertical applications. Some smart robots can replace jobs where human interaction is difficult such as industrial welding, investigation of volcanoes, underwater exploration, and deep space exploration. For specific movements in the operation such as assembling and spot welding, many robots use the pneumatic or air pressure pistons in particular directions.

The increase in the field of automation, the rise in demand for robotic advancement for the connected world, and the capability of robots to identify the breakdowns in the industry fuel the growth of the market. In addition, strong government initiatives for factory automation also contribute to market growth. However, higher manufacturing costs and insecurities regarding the robots hamper this stated growth.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/4701

Based on components, the hardware segment generated the highest revenue in the smart robot market in 2017 and is expected to remain dominant during the forecast period. In addition, based on application, the assembling & disassembling segment generated the highest revenue followed by welding & painting and mobility.

Based on industry vertical, the automotive industry accounted for the majority market share of the smart robot market followed by the manufacturing industry.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐦𝐚𝐫𝐭 𝐑𝐨𝐛𝐨𝐭 𝐌𝐚𝐫𝐤𝐞𝐭:

- The hardware segment is estimated to generate the highest revenue in the global smart robot market in 2018.
- In 2018, the automotive industry is projected to be the highest revenue contributor in the industry vertical segment.
- Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
- In 2018, North America contributed the highest market share, followed by, Europe, Asia Pacific, and LAMEA.

The key players profiled in the report are ABB, iRobot Corporation, Grey orange Pte Ltd., Epson America, Inc., Rethink Robotics, KuKa, F&P Personal Robotics, SoftBank Robotics, Yaskawa Electric, and Fanuc.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/4701

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Market Research
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