North America Smart Robots Market By Component (Hardware and Software), By Mobility (Mobile and Stationary), By Operating Environment (Ground and Underwater), By End User (Military & Defense, Logistics Management, Inspection & Maintenance, Field/Agricultural, Healthcare, Industrial, Domestic and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The North America Smart Robots Market would witness market growth of 25.5% CAGR during the forecast period (2020-2026). A smart robot consists of Artificial Intelligence (AI) which can associate with humans, work parallel to them, and imitates their actions. Rethink Robotics, a US-based company developed an industrial robot named Baxter. This robot operates on the Android platform right next to the line of workers where repeated tasks are carried out like accurate packing. Smart robots offer various advantages such as they work quickly, precisely, and tirelessly without any manual intervention.
Presently, smart vacuum cleaner robots are pushing the demand in residential sectors due to the installation of automated vacuum cleaners. Manufacturers are focused on developing smart vacuum robots with battery sensing, filter sensing, and floor sensing technologies. Moreover, industrial automation has seen high demand due to which they are increasingly used in packaging, manufacturing, and material handling industries.
The rising penetration of industrial automation and increasing deployment of autonomous robots for professional services are some of the factors that are expected to build the growth of the global smart robots market. Additionally, constant technological advancements in the domain of robotics and the growing incorporation of advanced technology like deep learning, machine learning, and the Internet of things (IoT) in smart robots are boosting the growth of the market. Smart robots involve artificial intelligence, which empowers them to function and carry out their tasks on their own. There is a wide-scale utilization of smart robots in commercial, industrial, and residential applications. Moreover, smart robots are installed in several industrial sectors like retail, automotive, manufacturing, healthcare, and process industries like energy and utilities, metal & mining, and food & beverages.
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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments Covered in the Report:
- Control systems
- Power Sources
By Operating Environment
By End User
- Military & Defense
- Logistics Management, Inspection & Maintenance
- Rest of North America
- 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)
- Hanson Robotics Limited
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