The smart robot market is set to grow significantly by 2026, driven by AI and robotics advancements, with applications in industries like healthcare and manufacturing.
According to the latest report by IMARC Group, titled, “Smart Robot Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global smart robot market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026.
Smart robots are computerized reasoning (AI) systems integrated with modern technologies, such as artificial intelligence (AI), machine learning (ML), sensors, and deep learning (DL). They are capable of collaborating and adapting the behavior of humans to perform cognitive tasks and manual labor work. Consequently, they find extensive application in industrial settings to automate the manufacturing process.
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Market Trends
The rising adoption of autonomous robots for professional services, in confluence with new developments in robotics technologies, represents one of the key factors driving the market. Moreover, several retail stores are relying on in-store robots to recognize actions in real-time, assist operators, and reduce human errors. Besides this, there is a rise in the utilization of service-enabled robots in the healthcare industry to assist complex surgeries, testing, and diagnosis. This, coupled with the increasing prevalence of chronic diseases, is increasing the sales of smart robots as they assist people with cognitive, sensory, and motor impairments.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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The report has segmented the market based on component, mobility, application and vertical.
Breakup by Component:
Breakup by Mobility:
Breakup by Application:
Breakup by Vertical:
Breakup by Region:
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The article discusses the growth, trends, and forecast of the global smart robot market from 2021 to 2026.
Advancements in AI and robotics technologies are key drivers, along with increased adoption in industrial and healthcare settings.
The direct and indirect effects of COVID-19 on the smart robot market are being monitored and integrated into market analyses.
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