Smart Robots Market by Component, Application, Geography worth 7.85 Billion USD by 2020, at a CAGR of 19.22%.

According to a new market research report “Smart Robots Market by Component (Software, Hardware), Application (Collaborative Industrial Robots, Personal Service Robots, Professional Service Robots), by Geography (North America, Europe, APAC, RoW) - Analysis & Forecast to 2020” , the total smart robots market is expected to reach USD 7.85 billion by 2020, at an estimated CAGR of 19.22% between 2015 and 2020.  

Browse 70 market data tables and 71 figures spread through 200 pages and in-depth TOC on “Smart Robots Market - Analysis & Forecast to 2020"
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Smart robots are the intelligent robotic systems with artificial intelligence designed to carry out their operation without direct human intervention. They perform their tasks independently and can work along with humans in various industrial and service applications. The smart robots application market is mainly dominated by service applications broadly categorized into personal and professional services.

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Smart robots are the autonomous robots which are capable of performing their tasks without any human interventions. The global smart robots market is expected to witness a prominent growth and is expected to grow to USD 7.85 billion by 2020, growing at a CAGR of 19.22% between 2015 and 2020. The smart robots market by applications comprises collaborative robots used in various industrial applications, such as automotive, electronics among others. The segmentation by application of smart robots also comprises the smart robotics systems used for personal and professional services. The collaborative industrial robots are projected to reach USD 1.07 billion by 2020.  The smart robots market for different geographic regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW), has also been covered in the report. The North American region comprised the largest market for smart robots as of 2014.

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The report provides information on the trends of the smart robots ecosystem along with the complete analysis of the industry for the next five years. It also provides an in-depth analysis on the factors that drive and restrain the growth of the smart robots market. The geographic segmentation in the report helps to determine the market size in various regions including the North America, Europe, APAC, and the RoW. The North American region comprises the highest share of around 40% of the total smart robots market.

The report profiles the major players along with their SWOT analysis in the smart robots market. The market has been witnessing a series of new product launch announcements and partnerships across the value chain. The key players includes iRobot Corporation (U.S.), DeLaval (Sweden), Lely (The Netherlands), KUKA AG (Germany), Amazon (U.S.) Honda (Japan), Kongsberg Maritime (Norway), Google Inc. (U.S.) among others.

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