The Asia Pacific Smart Robots Market would witness market growth of 29.3% CAGR during the forecast period (2020-2026). Smart robots refer to Artificial Intelligence (AI)-integrated systems. These robots are capable of learning from their environment, surroundings, and experience. They can be developed on capabilities based on the feedback database. These machines are capable of displaying intelligence like that of a human without being completely programmed. They are fitted with high-sensitive sensors to observe the surrounding environment. Also, smart robots provide features like self-correction and learning with the help of machine learning technology.
With the increasing need for automation systems in the various workplaces to improve the quality by reducing errors and decreasing variability, the demand for smart robots has boosted in various sectors. Industrial robots are primarily utilized in the automotive industry to manage the production line operations like welding, painting, and assembly and have further contributed to enhancing operational accuracy and prediction of breakdowns. This is the major factor pushing boosting the growth of the smart robot market.
Smart robots are used in other industries like electronics, metal & machinery, rubber & plastics, and food & beverage. For example, massive demand for electronic products and new products in the electronics industry, the need to automate manufacturing and the rising need for chips, batteries, and displays fuelled the sales of smart robots. Hence, it also accounts for the development of the global smart robot market. Moreover, increasing demand for AI applications, technological developments in robotics, and the growing investments towards industrial automation are anticipated to create growth avenues for the smart robots market.
Based on Component, the market is segmented into Hardware and Software. Hardware segment is further segmented into Sensors, Actuators, Control systems, Power Sources and Others. Based on Mobility, the market is segmented into Mobile and Stationary. Based on Operating Environment, the market is segmented into Ground and Underwater. Based on End User, the market is segmented into Military & Defense, Logistics Management, Inspection & Maintenance, Field/Agricultural, Healthcare, Industrial, Domestic and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Smart Robots Market in Asia Pacific is expected to register a CAGR of 29.3% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include ABB Group, Kuka AG, FANUC Corporation, Yaskawa Electric Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Amazon.com, Inc., iRobot Corporation, SoftBank Group Corporation (SoftBank Robotics), Teradyne, Inc. (Universal Robots) and Hanson Robotics Limited.
By Component
By Mobility
By Operating Environment
By End User
By Country
Companies Profiled
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