What is the Outlook for the Global Smart Robots Market?
The smart robots market has shown exponential growth in recent years, with it set to expand from $17.35 billion in 2024 to $21.92 billion in 2025 at a compound annual growth rate (CAGR) of 26.3%. This historical growth is primarily driven by rising demand for automation and labour cost reduction, expansion of industries requiring robotic automation such as manufacturing, healthcare, logistics and increased adoption of collaborative robots or cobots for human-robot interaction.
The smart robots market size is slated to soar to $47.02 billion in 2029 at a compound annual growth rate (CAGR) of 21.0%. Pivotal forecasted growth drivers include adoption of robots in healthcare for surgical and rehabilitation applications, smart manufacturing and industry 4.0 initiatives, research and development in swarm robotics and multi-robot systems, as well as growing need for robots in hazardous environments and increasing demand for last-mile delivery robots in e-commerce.
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What’s Driving the Growth of the Global Smart Robots Market?
The swift penetration of industrial robots is construed as a major driving force behind the surging growth of the smart robot market. Industrial robots, algorithm-based automated machines designed to perform focused tasks in manufacturing, assembly or other industrial processes, have displayed immense benefit in offering precision and adaptability in various sectors from manufacturing and logistics to healthcare. The number of industrial robot installations in Europe hit a high of 72,000 units in 2022, a 6% increase from 2021.
What are the Key Segments in the Smart Robots Market?
1) By Component: Hardware, Software, Services
2) By Product: Professional Service Robots, Personal Service Robots, Collaborative Robots
3) By End-User: Industrial, Residential, Commercial
4) By Application: Manufacturing, Healthcare, Defense, Energy and Utility, Other Applications
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Who are the Major Players in the Smart Robots Market?
The leading companies in the smart robots market include Puresight Systems Pvt. Ltd, SoftBank Robotics Group, ABB Group, KUKA AG, FANUC India Pvt Ltd, HaHanson Robotics Limited, Yaskawa Electric Corporation, Rethink Robotics, Blue Frog Robotics SAS, Universal Robots, DeLaval, Intuitive Surgical Inc., Vt Systems Inc., Samsung Electronics, Gecko Systems International Corporation, Honda Motor Company Ltd., Omron Adept Technologies Inc., GreyOrange pte Ltd, Kongsberg Maritime, ECA GROUP, Neato Robotics, Bluefin Robotics, AIBRAIN LLC., Brain Corporation, Cyberdyne Inc., Epson America Inc, Lely Industries N.V., OTC Daihen Inc., F&P Personal Robotics., Nvidia Corporation., Anduril Industries Inc., Boston Dynamics Inc., Diligent Robotics, Starship Technologies, Nuro Inc., Vecna Robotics Inc., Aethon Inc., Universal Robots A/S, DENSO Robotics.
What are the Emerging Trends in the Smart Robots Market?
Key players in the smart robot market are dedicated to the development of advanced products, such as small industrial robots, to cater to larger customer bases and boost sales. An instance is when ABB, in October 2022, launched the IRB 1010 – its smallest industrial robot to date that’s mainly designed to help electronics manufacturers scale up production for devices such as smartwatches, earphones, sensors, and health trackers.
Which Region Exhibits the Fastest Growth in the Smart Robots Market?
North America stood as the largest region in the smart robots market in 2024, with Asia-Pacific expected to be the fastest-growing region in the forecast period. The smart robot’s market report caters to various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does the Smart Robots Market Report 2025 Have to Offer?
The smart robots market report paints a comprehensive picture of the AI-driven domain, where smart robots are deemed capable of observing their surroundings and context with the adeptness to refine their skills following comprehensive learning. Smart robots are used for research, manufacturing and even human applications. The Smart Robots Market research report from The Business Research Company offers a detailed analysis of global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Purchase the exclusive report now to unlock valuable market insights at https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=4021.
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