Global Smart Robots Market 2020-2024 by Technavio
The global smart robots market size has the potential to grow by USD 20.28 billion during 2020-2024. However, the market’s growth momentum will decelerate during the second half of the forecast period.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America), product (personal service robots, professional service robots, and collaborative robots), and solution (software, services, and hardware). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ABB Ltd., Amazon.com Inc., FANUC Corp., iRobot Corp., KION Group AG, Midea Group Co. Ltd., OMRON Corp., Singapore Technologies Engineering Ltd., SoftBank Group Corp., and Yaskawa Electric Corp.
Market Competitive Analysis
The smart robots market is currently concentrated. The degree of concentration will remain the same over the forecast period. To capitalize on the growing implementation of smart robots across industries, vendors are constantly developing advanced smart robots. To gain technical expertise, vendors are entering strategic alliances such as mergers and acquisitions with technology providers, robot manufacturers, and component suppliers. Singapore Technologies Engineering Ltd., SoftBank Group Corp., and Yaskawa Electric Corp. are a few of the significant market participants. Although the market will offer immense business opportunities to the vendors, the high costs of smart robots will challenge the growth of many. To make the most of the opportunities, market vendors should focus more on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market positions, this smart robots market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of the companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. This smart robots market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading smart robots companies, including:
- ABB Ltd.
- Amazon.com Inc.
- FANUC Corp.
- iRobot Corp.
- KION Group AG
- Midea Group Co. Ltd.
- OMRON Corp.
- Singapore Technologies Engineering Ltd.
- SoftBank Group Corp.
- Yaskawa Electric Corp.
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