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Global Smart Robot Market to Grow at a CAGR of 27.2% in the Forecast Period of 2024-2032, Aided by the Increasing Demand for Smart Vacuum Cleaners

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Global Smart Robot Market Size, Share, Forecast: By Component: Hardware, Software, Services; By Application: Industrial Robots, Service Robots; By End Use: Industrial, Commercial, Residential; By Vertical: Automotive, Healthcare, Manufacturing, Food and Beverages, Retail, Others; Regional Analysis; Competitive Landscape; 2024-2032

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Smart Robot Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Smart Robot Historical Market (2018-2023)
   8.3   Global Smart Robot Market Forecast (2024-2032)
   8.4   Global Smart Robot Market by Component
       8.4.1   Hardware
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Software
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   Services
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
   8.5   Global Smart Robot Market by Application
       8.5.1   Industrial Robots
           8.5.1.1 Historical Trend (2018-2023)
           8.5.1.2 Forecast Trend (2024-2032)
       8.5.2   Service Robots
           8.5.2.1 Historical Trend (2018-2023)
           8.5.2.2 Forecast Trend (2024-2032)
   8.6   Global Smart Robot Market by End Use
       8.6.1   Industrial
           8.6.1.1 Historical Trend (2018-2023)
           8.6.1.2 Forecast Trend (2024-2032)
       8.6.2   Commercial
           8.6.2.1 Historical Trend (2018-2023)
           8.6.2.2 Forecast Trend (2024-2032)
       8.6.3   Residential
           8.6.3.1 Historical Trend (2018-2023)
           8.6.3.2 Forecast Trend (2024-2032)
   8.7   Global Smart Robot Market by Vertical
       8.7.1   Automotive
           8.7.1.1 Historical Trend (2018-2023)
           8.7.1.2 Forecast Trend (2024-2032)
       8.7.2   Healthcare
           8.7.2.1 Historical Trend (2018-2023)
           8.7.2.2 Forecast Trend (2024-2032)
       8.7.3   Manufacturing
           8.7.3.1 Historical Trend (2018-2023)
           8.7.3.2 Forecast Trend (2024-2032)
       8.7.4   Food and Beverages
           8.7.4.1 Historical Trend (2018-2023)
           8.7.4.2 Forecast Trend (2024-2032)
       8.7.5   Retail
           8.7.5.1 Historical Trend (2018-2023)
           8.7.5.2 Forecast Trend (2024-2032)
       8.7.6   Energy and Utility
           8.7.6.1 Historical Trend (2018-2023)
           8.7.6.2 Forecast Trend (2024-2032)
       8.7.7   Others
   8.8   Global Smart Robot Market by Region
       8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Smart Robot Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Robot Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Robot Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Robot Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Robot Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 ABB Ltd.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 iRobot Corporation
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Fanuc Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Yaskawa Electric Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Kuka AG
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Smart Robot Market: Key Industry Highlights, 2018 and 2032
2.   Global Smart Robot Historical Market: Breakup by Component (USD Billion), 2018-2023
3.   Global Smart Robot Market Forecast: Breakup by Component (USD Billion), 2024-2032
4.   Global Smart Robot Historical Market: Breakup by Application (USD Billion), 2018-2023
5.   Global Smart Robot Market Forecast: Breakup by Application (USD Billion), 2024-2032
6.   Global Smart Robot Historical Market: Breakup by End Use (USD Billion), 2018-2023
7.   Global Smart Robot Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8.   Global Smart Robot Historical Market: Breakup by Vertical (USD Billion), 2018-2023
9.   Global Smart Robot Market Forecast: Breakup by Vertical (USD Billion), 2024-2032
10.   Global Smart Robot Historical Market: Breakup by Region (USD Billion), 2018-2023
11.   Global Smart Robot Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.   North America Smart Robot Historical Market: Breakup by Country (USD Billion), 2018-2023
13.   North America Smart Robot Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.   Europe Smart Robot Historical Market: Breakup by Country (USD Billion), 2018-2023
15.   Europe Smart Robot Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.   Asia Pacific Smart Robot Historical Market: Breakup by Country (USD Billion), 2018-2023
17.   Asia Pacific Smart Robot Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.   Latin America Smart Robot Historical Market: Breakup by Country (USD Billion), 2018-2023
19.   Latin America Smart Robot Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.   Middle East and Africa Smart Robot Historical Market: Breakup by Country (USD Billion), 2018-2023
21.   Middle East and Africa Smart Robot Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.   Global Smart Robot Market Structure

Key Questions Answered in the Report

What was the global smart robot market size in 2023?

The global smart robot market attained a value of more than USD 9.51 billion in 2023.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 27.2% between 2024 and 2032.

What is the forecast outlook of the market for 2024-2032?

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 82.76 billion by 2032.

What are the major industry drivers?

The expanding integration of IoT in robots for cost-effective predictive maintenance, logistics automation, and healthcare sector is booming the growth of the market.

What are the key industry trends of the global smart robot market?

The market is expected to be aided by the technological innovation in the industry.

What are the major regional markets of smart robot, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the different types of components of smart robots in the industry?

The different types of smart robots in the industry are hardware, software, and services.

What are the various applications of smart robot?

The various applications of smart robot are industrial robots and service robots.

What are the major end uses of smart robot?

The major end uses of smart robot are industrial, commercial, and residential.

What are the significant verticals of smart robot?

The significant verticals in the market are automotive, healthcare, manufacturing, food and beverages, retail, energy and utility, among others.

Who are the key industry players, according to the report?

The major players in the industry are ABB Ltd., iRobot Corporation, Fanuc Corporation, Yaskawa Electric Corporation, and Kuka AG, among others.

Analyst Review

The global smart robot market attained a value of more than USD 9.51 billion in 2023, driven by the rising integration of IoT in robots for cost-effective predictive maintenance, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 27.2%. The market is projected to reach over USD 82.76 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on components, the market can be segmented into hardware, software and services. Based on application, the market can be classified into industrial robots and service robots. On the basis of end use, the market is divided into industrial, commercial, and residential. The market segmentation on the bases of its vertical includes automotive, healthcare, manufacturing, food and beverages, retail, energy and utility, among others. The major regional markets for smart robot are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include ABB Ltd., iRobot Corporation, Fanuc Corporation, Yaskawa Electric Corporation, and Kuka AG, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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