Smart robot market to exceed USD 46.03 billion by 2031

WESTFORD, USA, May 21, 2024 (GLOBE NEWSWIRE) — SkyQuest is the world's smart robot market It will reach a value of USD 46.03 billion by 2031, at a CAGR of 21.94% during the forecast period (2024-2031). The global smart robot market is expected to be volatile due to mergers and acquisitions, intense competition, and entry of new and existing players. Smart robots work in conjunction with AI-enabled systems to improve reliability and accuracy in the global smart robot market. Digitally connect to cloud platforms to increase business process agility and operational efficiency. As a result, it is commonly used to automate manufacturing processes and warehouse management systems in industrial applications.

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See detailed table of contents on “Global Smart Robot Market”

• Number of pages – 234

• Tables – 186

• Figure – 79

Global smart robot market overview:

Rising need for professional robots in agriculture gives professional robot segment an edge

As work systems become increasingly automated, professional robots are gaining a large market share. These modern robots are fully or nearly autonomous. The need for professional robots is increasing in industries such as agriculture, construction, security, logistics, and medical care. Cutting-edge technologies such as artificial intelligence, machine learning, and innovative vision systems are increasing the popularity of intelligent robots. Emerging robot-as-a-service (RaaS) infrastructure is expected to drive business robotics.

Why the individual segment drives the market Smart manufacturing continues to advance

Personal robots or home robots have the potential to expand significantly as consumer acceptance and demand increases. Increasing labor costs and aging population are also important factors driving the demand for home robots. Advances in intelligent manufacturing are increasing the importance of robots for personal or home use. The COVID-19 pandemic has increased demand for domestic robots in the public and commercial sectors.

The story continues

Advances in robot technology give North America an advantage

North American end-use industries such as automotive, manufacturing, healthcare, food and beverage, and consumer products are experiencing a significant global demand for smart robots. North America provides a platform for local and global robotics strategies. US capital investor. is investing heavily in robotics technology to support market growth.

The global market is projected to grow significantly in Europe due to the industry's focus on industrial automation. Process automation and the introduction of new technologies are increasing the demand for robotics technology. European governments' intelligent infrastructure policies will accelerate the adoption of intelligent robots in the coming years.

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Insights on the global smart robot market:

driver

restraints

Prominent players in the global smart robot market

• ABB Corporation

• amazon robotics

• blue river technology

• boston dynamics

• FANUC CORPORATION

• Hanson Robotics

• Honda motor industry stock company

• iRobot Co., Ltd.

• Kuka AG

• LG Electronics Co., Ltd.

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Key Questions Answered in the Global Smart Robots Market Report

• What is the current market size of the global smart robot market size?

• What year does this global smart robot market cover?

• Which region is the fastest growing in the global smart robots market?

• Which region holds the largest share of the global smart robots market?

This report provides the following insights:

• Analysis of key driving factors (increasing demand for AI applications, increasing demand for service robots), constraints (growing security concerns, high cost of smart robots), and opportunities (increasing integration of IoT in robotics technology) influencing the growth of the Global Smart Robot Market.

• Market Dynamics: Comprehensive information on various products offered by major players in the global Smart Robots market.

• Product Development/Innovation: An overview of emerging trends, R&D activities, and product launches in the global Smart Robots market.

• Market Growth: Detailed information on profitable and growing industries.

• Market Trends: Complete information on new products, emerging regions, and recent developments in the market.

• Competitive Analysis: Detailed analysis of market segments, growth strategies, revenue analysis, and products of key market players.

Related reports:

global robot market
Global service robot market
Global delivery robot market
Global artificial intelligence (AI) robot market
Global warehouse robot market

About us:

SkyQuest is an IP focused research investment bank and technology and asset accelerator. We provide access to technologies, markets and finance across a range of sectors: Life Sciences, Cleantech, Agritech, Nanotech and Information and Communications Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, businesses and investors to leverage external research and development resources. Additionally, we help them optimize the economic potential of their intellectual assets. Our experience in innovation management and commercialization spans North America, Europe, ASEAN, and Asia Pacific.

contact:

Mr. Jagraj Singh

skyquest technology

1 Apache method,

westford

Massachusetts 01886

United States (+1) 351-333-4748

Email: sales@skyquestt.com

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