Global Smart Robot Market
Smart Robot Market Size And Forecast
According to Verified Market Research, the Global Smart Robot Market was valued at USD 4.83 Billion in 2018 and is projected to reach USD 26.25 Billion by 2026, growing at a CAGR of 23.6% from 2019 to 2026.
Global Smart Robot Market Overview
With the rising need for automation system in the different workplaces in order to enhance the quality by eliminating errors and reducing the variability has fuelled the demand for smart robots in different sectors. Industrial robots are mostly used in the automotive sector in order to handle the production line operations such as welding, painting, and assembly and have further contributed to improving operational accuracy and prediction of breakdowns. This factor contributes majorly in driving the growth of the smart robot market.
Global Smart Robot Market Segment Analysis:
The smart robot market is segmented on the basis of the component, industrial application, service application, and geography.
Global Smart Robot Market Competitive Landscape:
Smart Robot Market is highly fragmented with the presence of a large number of manufacturers globally. Some of the major players include Irobot Corporation, Honda Motors Ltd, Adept Technology, Inc., Lely Group, Google, Inc., Amazon.com, Inc., Northrop Grumman Corporation, Bluefin Robotics Corporation, ABB Ltd. and Yaskawa Electric Corporation, among others.
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