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Smart Robot Market By Service (Personal, Professional) By Application (Electronics, Automotive, Food & Beverages) By Technology (Hardware, Software) - Global Size Analysis and Industry Forecast, 2018-2023.


Report Overview

GLOBAL SMART ROBOT MARKET was valued at USD 3.51 Billion in the year 2017. Global Smart Robot market is further estimated to grow at a CAGR of 25.32% from 2018 to reach USD 13.59 Billion by the year 2023. Asia-Pacific region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level China, Japan, India are projected to grow strongly in the coming years.

Robot Corporation (U.S.), LG Electronics Inc. (South Korea), Samsung Electronics Co., Ltd. (South Korea), Israel Aerospace Industries (Israel), Lockheed Martin Corporation (U.S.), The Boeing Company (U.S.), ABB Group (Switzerland), KUKA Aktiengesellschaft (Germany), Rethink Robotics (U.S.), Universal Robots (Europe), Northrop Grumman Corporation (U.S.), are some of the key players in the Global Smart Robot market. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.


          Adoption of IoT across the globe


          Higher Cost and maintenance


          Growth in Automation Industry


          Government Regulations and norms.

The Global Smart Robot Market is segmented on the basis of service, application, technology and region. The major shares of the market comes from Electronics, by application in Global Smart Robot Market. On the other hand, Professional, by service for this market is expected to grow at highest CAGR during year 2018-2023.

Key Benefits for Stakeholders

Smart Robot Manufacturer, Suppliers and Distributors

Integrated device manufacturers (IDMs), Service and Solution Provider

Technology Standards Organizations, Forums, Alliances and Associations

Regulatory bodies, Consulting Firm.

By Service



By Application



Food & Beverages


By Technology



By Region

North America




Key Market Players

iRobot Corporation

LG Electronics Inc.

Samsung Electronics Co., Ltd.

Israel Aerospace Industries

Lockheed Martin Corporation

The Boeing Company

ABB Group

KUKA Aktiengesellschaft 

Rethink Robotics

Universal Robots           

Northrop Grumman Corporation

(A brief overview of 10 companies is also provided in the report.)

Research Methodology:

Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –

  1.      Raw Market Data is collected and compared with the Existing in-house Data on a broad front.
  2.      Both Bottom-Up and Top-Down approaches are analyzed for segmenting and estimating measurable aspects of the market.
  3.      To avoid bias, we filter the collected data collected from authenticated sources.
  4.      GMI has a well proven Statistical Modeling System for estimates and forecasts.
  5.      Further, the report findings are validated with the Industry Expert Panel on face to face or telephonic interviews.
  6.      Panelists are approached from Leading Enterprises across the value chain including manufacturers, suppliers, technology providers, domain experts and buyers so as to validate a thorough and  balanced market overview.

Detailed customization is also available for you. Further, if the report listed above does not meet with your key requirements. Our customized research report will analytically cover the required market information you need which will help you to plan your business decisions.

Table Of Content

1. Introduction

1.1 Market Vision

       1.1.1 Market Definition

       1.1.2 Market Scope

1.2 Limitations

1.3 Stakeholders

2. Research Methodology

2.1. Research Process

       2.1.1. Secondary Research

    Key Data from Secondary Research

       2.1.2. Primary Research

    Key Data from Primary Research

    Breakdowns of Primary Interviews

2.2. Market Size Estimation

       2.2.1. Bottoms-Up Approach

       2.2.2. Top-Down Approach

       2.2.3. Annual Revenue Process

2.3. Data Triangulation 

2.4. Research Assumptions 

       2.4.1. Assumption

3. Executive Summary

4. Market Overview

4.1. Introduction

4.2. Drivers

4.3. Restraints

4.4. Opportunities

4.5. Challenges

4.6. Regulations

4.7. Supply Chain/Value Chain Analysis

4.8. Patent & Standards

5. Industry Trends

5.1. Introduction

5.2. Porter’s Five Forces Analysis

       5.2.1. Threat of New Entrants

       5.2.2. Threat of Substitutes

       5.2.3. Bargaining Power of Buyers

       5.2.4. Bargaining Power of Suppliers

       5.2.5. Intensity of Competitive Rivalry

6. Smart Robot Market, By Service

6.1. Personal

6.2. Professional

7. Smart Robot Market, By Application

7.1. Electronics

7.2. Automotive

7.3. Food & Beverages

7.4. Others

8. Smart Robot Market, By Technology

8.1. Hardware

            8.1.1. Actuator

            8.1.2. Sensor

            8.1.3. Control Controller/ System

            8.1.4. Power Source

            8.1.5. Others

8.2. Software

9. Geographical Analysis

9.1. Introduction

9.2. North America

       9.2.1. U.S.

       9.2.2. Canada

       9.2.3. Mexico

9.3. Europe

       9.3.1. U.K.

       9.3.2. Germany

       9.3.3. France

       9.3.4. RoE

9.4. Asia Pacific

       9.4.1. South Korea

       9.4.2. China

       9.4.3. Japan

       9.4.4. RoAPAC

9.5. RoW

       9.5.1. Latin America

       9.5.2. Middle East and Africa

10. Company Profiles

(Business Overview, Financial Overview, Product write up, Recent Developments)

10.1 iRobot Corporation
10.2 LG Electronics Inc.

10.3 Samsung Electronics Co., Ltd.
10.4 Israel Aerospace Industries

10.5 Lockheed Martin Corporation

10.6 The Boeing Company
10.7 ABB Group
10.8 KUKA Aktiengesellschaft 

10.9 Rethink Robotics
10.10 Universal Robots  

10.11 Northrop Grumman Corporation

(A brief overview of 10 companies is also provided in the report.)

11. Competitive Analysis

11.1. Introduction

11.2. Market Positioning of Key Players

11.3 Competitive Strategies Adopted by Leading Players

        11.3.1. Investments & Expansions

        11.3.2. New Product Launches

        11.3.3. Mergers & Acquisitions

        11.3.4. Agreements, Joint Ventures, and Partnerships

12. Appendix

12.1. Questionnaire

12.2. Available Customizations 

12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)


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