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Smart Robots Market Estimated to Reach USD 7.85 Billion by 2020

Research and Markets has announced the addition of the "Smart Robots Market by Component (Software, Hardware), Application (Collaborative Industrial Robots, Personal Service Robots, Professional Service Robots), by Geography (North America, Europe, APAC, RoW) - Analysis & Forecast to 2020" report to their offering.

The smart robots market is estimated to grow at a CAGR of 19.22% to reach USD 7.85 Billion by 2020

Smart robots are the autonomous robotic systems. They are being designed to perform independent tasks for various industrial, professional, and personal service applications. The adoption rate of smart robots for personal applications such as vacuum cleaning, pool cleaning, robotic pets, and elderly assistance, among others has increased due to the increase in the urban population and per capita income. This report is based on an extensive research study of the smart robots market and aims to analyze the entire market and all its subsegments through extensively detailed classifications.

The demand for smart robots is likely to witness a prominent growth, thereby garnering the interest of the industry players across various verticals. The North American region is projected to be the fastest-growing market due to growing needs, growing economies, high adoption rate of smart robots across the different application areas such as industrial, professional service, and personal service applications.

This report provides a bird's eye-view of the industry with regard to the smart robots market, along with the qualitative analysis of each and every aspect of the classification done on the basis of components, application, and geography. The report provides a forecast of the growth of the smart robots market between 2014 and 2020. The competitive landscape of the current market of smart robots has been analyzed completely based on the market share analysis of the key players. The competitive information provided in this report, includes market shares of the leading companies in the smart robots ecosystem and the key developments, core strategies deployed by various players, mergers and acquisitions, new product developments, collaborations, and joint ventures related to the same.

The report also discusses the future road-map of the global smart robots market with respect to the upcoming technologies, potential markets, and applications for the same. The key players includes iRobot Corporation (U.S.), DeLaval (Sweden), Lely (The Netherlands), KUKA AG (Germany), Amazon (U.S.) Honda (Japan), Kongsberg Maritime (Norway), Google Inc. (U.S.) among others.


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