LONDON--(BUSINESS WIRE)--Technavio has been monitoring the smart robots market and it is poised to grow by USD 20.28 billion during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is concentrated, and the degree of concentration will decelerate during the forecast period. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Growing demand for smart robots has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/smart-robots-market-industry-analysis
Smart Robots Market 2020-2024: Segmentation
Smart Robots Market is segmented as below:
- Personal Service Robots
- Professional Service Robots
- Collaborative Robots
- North America
- South America
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Smart Robots Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smart robots market report covers the following areas:
- Smart Robots Market Size
- Smart Robots Market Trends
- Smart Robots Market Analysis
This study identifies the increasing focus of companies on factory automation as one of the prime reasons driving the smart robots market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Smart Robots Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist smart robots market growth during the next five years
- Estimation of the smart robots market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the smart robots market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of smart robots market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market size
- Market outlook
- Market sizing 2019
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Personal service robots - Market size and forecast 2019-2024
- Professional service robots - Market size and forecast 2019-2024
- Collaborative robots - Market size and forecast 2019-2024
- Market opportunity by product
PART 07: MARKET SEGMENTATION BY SOLUTION
PART 08: CUSTOMER LANDSCAPE
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Rise in number of M&A activities
- Increasing investments in robotics industry by venture capitalists
- Growing demand for smart robots in automotive industry
PART 13: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- 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.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.