Global Smart Robots Market 2018-2022
About Smart Robots
Smart robots display autonomous behavior based on the learning and experience from their environment. They can be controlled using smart devices and applications. These robots can move around without human intervention. They are used for both industrial and service applications.Technavio’s analysts forecast the global smart robots market to grow at a CAGR of 31.64% during the period 2018-2022.Covered in this report The report covers the present scenario and the growth prospects of the global smart robots market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Smart Robots Market 2018-2022
Technavio recognizes the following companies as the key players in the global smart robots market: ABB, FANUC, iRobot, KION Group, Midea Group, Singapore Technologies Engineering, and SoftBank Group.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for smart robots. The growing demand for smart robots in defense applications will be one of the major trends driving the growth of the smart robots market till the end of the forecast period. Numerous manufacturers in the industry are offering robots with surveillance systems.”
According to the report, one driver in the market is technological advancements in smart robots. To attain a competitive advantage, several vendors are technologically upgrading their products and are offering smart robots equipped with intelligent capabilities that will result in fully autonomous behavior.
Further, the report states that one challenge in the market is high cost of smart robots. As smart robots involve the use of sensors, software, and advanced technologies, their prices are considerably high and require a large initial one-time payment. The costs also appreciate depending on the customization and other operational requirements.
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