Global Smart Robots Market Analysis & Trends - Industry Forecast to 2030

Global Smart Robots Market Analysis & Trends - Industry Forecast to 2030

Smart Robots: Market Size

From $16.62 billion in 2024, the global Smart Robots market is projected to reach $73.08 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 28.0% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include rising adoption of robots for new applications, increasing integration of IoT in robots, and growing funding for research on robots.

Global Smart Robots Market: Market Dynamics
The rising adoption of autonomous robots for professional services is the major factor accelerating the growth of the market. Developing robotic technology offers innovative features and high potential, which is useful for improving productivity and decreasing human efforts. With the increasing demand for local production and consumption, intelligent robots are likely to experience unprecedented growth. The trend for industrial automation is further accelerating the adoption of robotics. Automated robots are now becoming ideal for large and small manufacturers owing to their accessibility and affordability. In addition, the new developments in robotics technology, labor shortage due to COVID-19-responsive ban on migration, rise in the inclination for industrial robots for cost-efficient predictive maintenance and high investment in industrial automation are also expected to drive the growth of the smart robots market.

On the other hand, the stringent regulations and data privacy concerns are likely to obstruct the profit boundaries. In addition, high adoption of swarm intelligence technology enabling robots to perform various complex tasks with ease, adoption of robots for companionship, handicap assistance, and elderly care will further boost for the Smart Robots market.

Impact of COVID-19 on Smart Robots
Because of the COVID-19 outbreak, the worldwide economy has contracted extensively. Consequently, the interest for domestic robots have descended. Governments, mostly in developed countries, are embraced drive to convey robots for sanitization of building, help with medical clinics, and diversion of isolated patients. China has been at the very front of carrying out robots for battling COVID-19. China has seen an association between UNIDO's (United Nations Industrial Development Organization) Investment and Technology Promotion Office (ITPO) in Shanghai. Meituan Dianping, a China-based buyer conveyance application, inclined up its contactless conveyance choices through autonomous vehicles and robots. Sending of robots have additionally been seen in different regions of the planet. For example, in Barcelona, Spain, the TIAGo Base robot of PAL Robotics (Spain) is being utilized to convey food and convey articles like medicine and tests around clinics and comparative conditions. In Italy, Tommy, a robot nurture, is helping specialists and medical caretakers in a clinic in Varese, Lombardia, to screen indispensable signs from gadgets in rooms, and help Covid patients to send messages to specialists. In Valencia, Spain, Robotnik (Spain) is fostering a portable robot base through ENDORSE (an EU-subsidized task), which can fill in as a connection point to acquire patient status from a distance. In Denmark, Life Science Robotics (LSR) made ROBERT, a gadget with a coordinated lightweight KUKA (Germany) robot, to help physiotherapists in preparing patients, in the midst of social separating.

By Application
Professional Segment Dominate the Market in 2024
The professional segment made huge revenue in 2024 and growing its prominence during the forecast period. The market is expected to be driven by the increasing demand from logistics management applications. Professional robots are widely utilized in field/agricultural applications. Robots are also being used for monitoring and ensuring that social distancing or lockdown guidelines are being followed. They are also interacting directly with symptomatic patients, taking temperatures, carrying out logistics tasks, and handling materials in hospitals. Professional robots have also gained popularity due to COVID-19 as they are increasingly being used for the disinfection of buildings. In the race to find a vaccine for COVID-19, robots are again being deployed to handle samples, and, in some cases, AI-based robots are also being used to accelerate the manipulation of data with the intent of shortening the development process. The boom in the e-commerce industry has translated into increased demand for robots in warehouses and for delivery.

By Geography
North America Region is Leading in the Global Market Place
North America region is likely to have a huge demand in the forecast period owing to the growing demand for smart robots in the end-use industries including automotive, manufacturing, healthcare, food and beverages, consumer goods, and others. The technical improvements, trade policies, and wage pressures have driven the rising demand for robotics across the region. The automation trend across the North American nations offers a path for robotics strategy to develop domestically and globally. Venture capital firms across the United States are increasingly investing in robotics technology startups to support the growth of the market across the U.S. For instance, according to the ‘Robot-ready.

List of the Key Players Profiled in the Market Include:
• ABB
• Aethon
• Amazon Inc
• Bluefin Robotics
• DeLaval
• Epson America Inc
• FANUC Corporation
• GeckoSystems
• Hanson Robotics Ltd
• Honda Motor Company Ltd.
• iRobot
• KUKA AG
• Samsung Electronics Co. Ltd
• SoftBank Corporation

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others