The
rising automation in all the sectors across the globe is driving the
global smart robot market. The smart robot market is witnessing a
surge in the demand from medical and healthcare sectors, which is
boosting the global market significantly. The rising uptake of smart
robots in the e-commerce industry is another factor driving the
market for smart robots.
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On
the other hand, the market faces severe challenges from the slow pace
of commercialization and the high cost associated with the R&D
activities carried out in this global industry. However, the increase
in the usage of smart robot in the education sector is anticipated to
present an opportunity to capitalize on for the participants in this
market.Smart robots are basically made up of hardware and software.
Sensors, power source, actuators, and control systems are the
essential hardware installed in a smart robot.
Industrial
Robots Leading Global Market
On
the basis of application, there are two types of robots available in
the market, industrial robots and service robots. Robots functional
in industries such as automotive, electronics, and food and beverages
are known as industrial robot. Likewise, service robots can be
classified into two segments, namely, personal service robots and
professional service robots.
Further,
personal service robots are broadly categorized into household robots
and entertainment and leisure robots, while professional service
robots are applicable in defense and security, fire and bomb
fighting, medical, logistics, demining, inspection and maintenance,
and various other services.
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The
market for industrial robots is comparatively larger than that of
service robots. Increasing automation in the global industrial sector
is expected to fuel the industrial robots market in the coming years.
In the service robots market, the market for professional service
robots boasts of a larger market share in comparison to the personal
service robot market.
Asia
Pacific - Future Leader of Global Smart Robots Market
North
America and Europe are the largest markets for smart robots. The
early adoption of technology in these regions has prompted the smart
robot market to grow here extensively. However, analysts anticipates
the smart robot market in Asia Pacific to emerge as the global market
leader in the near future, registering highest growth owing to
significant technological developments in South Korea and Japan.
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The
rapid industrialization and the growth of the manufacturing industry
in North America is projected to fuel the service robotics market in
future. Additionally, the market in the U.S. is likely to occupy the
biggest share of the North American smart robots market and develop
at a faster rate than the global average during the next few years.
The
current boom in the automotive industry is predicted to drive the
smart robots markets in North America and Asia Pacific. Further, the
demand for service robots is likely to increase in some of the Asian
countries such as China and India due to the development in the
manufacturing industry in the Asia Pacific region.
Global
Smart Robots Market: Key Market Players
Aethon
Inc., Irobot Corp., Lely Group, Northrop Grumman Corp., Google Inc.,
Honda Motor Co. Ltd., Delaval Group, Kuka AG, Intuitive Surgical
Inc., ABB Ltd., Fanuc Corp., ECA Group, Yaskawa Electric Corp.,
Geckosystems Intl. Corp., Adept Technology Inc., Amazon.Com, and
Bluefin Robotics Corp. are the major organizations operating in the
global smart robot market.
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