Smart Robots Market Revenue To Strike $16.46 Billion By 2025

Smart Robots Market Revenue To Strike $16.46
Billion By 2025
“The global riflescopes market size is anticipated to value USD 10.25 billion until 2027.
It is also expected to register a CAGR of 4.8% over the forecasted period, 2020 to 2027.
The rising need for target precision weapons for ensuring border security is expected to
augment the market growth.”
Global Smart Robots Market study includes In-depth Analysis of the market by latest technologies, trends,
opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The
Smart robots Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in Smart robots Business,
Market Share of Product, Application and Regional Scope of Smart robots which makes the research report a helpful
resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy
Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate
and revenue. This report will help the viewer in Better Decision Making.
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.
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.
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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.
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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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https://www.millioninsights.com/industry/robotics

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Research Support Specialist, USA
Email: ryan@millioninsights.com
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