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(Hosting-NewsWire.com, November 29, 2017 ) Smart robot have substituted man in execution of tasks that are either dangerous or repetitive, where man is in capable of performing owing to body limitations, or tasks that occur in extreme environments such as outer space or the bottom of the sea.
Additionally, smart robots are designed to carry out specific tasks for personal, professional, and industrial applications such as elderly assistance, pool cleaning, and robotic pets among others. Smart robots make use of artificial intelligence (AI) and are operational
without the need of human inputs. Smart robots can work independently on a specified task and can also work in tandem with human beings in various service and industrial applications.
The global smart robot market is segmented on the basis of application into service robots and industrial robots. Further, the service robots are sub-segmented into professional service robots and personal service robots. Furthermore, professional service robots
are used across security & defense, logistics, firefighting, medical, demining, maintenance, inspection, and various other applications, while personal service robots are used across household, leisure, and entertainment applications. Industrial robots are further
sub-segmented on the basis of their applications into beverages, food, electronics, and automotive segments. In addition, the global smart robot market is segmented on the basis of components into software and hardware.
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The noteworthy drivers of smart robots market include adoption of smart robots by e-commerce sector, growing demand from the healthcare industry, the increasing domestic service sector, and the rising demand of robots for elderly assistance. The growing service robot segment is a fundamental part of the advanced computer industry and much of the processing unit, sensor technology, and software is developed by smart robot manufacturers. Contrariwise, the smart robots market is hindered by high initial investment associated with the research & development department activities and reduced pace of commercialization of this technology. Further, the smart robots can be a threat if there is an error in the software algorithm embedded in them. This can have a negative impact, harm the surrounding environment and act as a major hindrance to the market. Additionally, the utilization of smart robots in manufacturing vertical is resulting in growing unemployment problem. These factors are anticipated to restrict the global smart robots market.
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Global Smart Robots Market Players:
- Aethon Inc.
- Lely Group
- Irobot Corp.
- Northrop Grumman Corp.
- Google Inc.
- Intuitive Surgical Inc.
- Delaval Group
- Honda Motor Co. Ltd.
- Amazon.Com
- KUKA AG
- ABB Ltd.
- Fanuc Corp.
- ECA Group
- Geckosystems Intl. Corp.
- Yaskawa Electric Corp.
- Adept Technology Inc.
- Bluefin Robotics Corp
Key questions answered in this report
- What will the market size be in 2025 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Source: EmailWire.Com
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