Global Smart Robots Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Component;

Hardware, Software, and Service.

By Application;

Industrial Robots (Field Applications, Metal Fabrication, Packaging & Palletizing, & Others) and Service Robots (Mobility, Security & Inspection, Healthcare Applications, & Others).

By End Use;

Industrial, Commercial, and Residential.

By Vertical;

Automotive, Healthcare, Manufacturing, Food & Beverages, Retail, Energy & Utility, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn610849673 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Smart Robots Market (USD Million), 2021 - 2031

In the year 2024, the Global Smart Robots Market was valued at USD 17,291.69 million. The size of this market is expected to increase to USD 109,676.70 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 30.2%.

The Global Smart Robots Market epitomizes the forefront of technological innovation, heralding a new era of intelligent automation and human-robot collaboration across industries worldwide. These smart robots, equipped with advanced sensors, artificial intelligence (AI), and connectivity features, possess the ability to perceive, learn, and adapt to dynamic environments, revolutionizing traditional workflows and operational paradigms.

Driven by the convergence of robotics, AI, and Internet of Things (IoT) technologies, the smart robots market is witnessing unprecedented growth and transformation. From manufacturing and logistics to healthcare, retail, and beyond, smart robots are redefining the possibilities of automation, offering enhanced efficiency, precision, and flexibility in diverse applications.

At the heart of the smart robots market lies a relentless pursuit of innovation and technological advancement. Manufacturers and developers are pushing the boundaries of robotics technology, introducing groundbreaking features such as autonomous navigation, collaborative capabilities, and predictive analytics to meet the evolving needs of industries and consumers.

As businesses seek to navigate the complexities of the modern marketplace and address emerging challenges such as labor shortages, operational inefficiencies, and changing consumer demands, smart robots offer a pathway to greater resilience, agility, and competitiveness. Through automation, optimization, and intelligence, these robots empower organizations to unlock new levels of productivity, quality, and innovation, driving growth and value creation in the global economy.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Application
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Vertical
    5. Market Snapshot, By Region
  4. Global Smart Robots Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing demand for automation and efficiency in manufacturing and logistics
        2. Rising focus on safety, quality, and precision in industrial processes
        3. Expansion of e-commerce and online retail
        4. Boosting demand for warehouse automation
        5. Growing aging population
        6. Demand for healthcare robotics
      2. Restraints
        1. Concerns over job displacement and workforce disruption
        2. Ethical and regulatory constraints
        3. Lack of skilled workforce
        4. Security and privacy risks associated with robotics and IoT integration
        5. Limited awareness and understanding
      3. Opportunities
        1. Development of specialized robotics solutions
        2. Integration of robotics with emerging technologies
        3. Growth of robotics-as-a-service (RaaS)
        4. Adoption of robotics in non-traditional sectors
        5. Subscription-based models
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Smart Robots Market, By Component, 2021 - 2031 (USD Million)
      1. Hardware
      2. Software
      3. Service
    2. Global Smart Robots Market, By Application, 2021 - 2031 (USD Million)
      1. Industrial Robots
        1. Field Applications
        2. Metal Fabrication
        3. Packaging and Palletizing
        4. Others
      2. Service Robots
        1. Mobility
        2. Security & Inspection
        3. Healthcare Applications
        4. Others
    3. Global Smart Robots Market, By End Use, 2021 - 2031 (USD Million)
      1. Industrial
      2. Commerical
      3. Residential
    4. Global Smart Robots Market, By Vertical, 2021 - 2031 (USD Million)
      1. Automotive
      2. Healthcare
      3. Manufacturing
      4. Food and Beverages
      5. Retail
      6. Energy & Utility
      7. Others
    5. Global Smart Robots Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Universal Robots A/S
      2. Boston Dynamics
      3. iRobot Corporation
      4. Nachi-Fujikoshi Corp
      5. Kawasaki Heavy Industries, Ltd
      6. Honda Motor Co. Ltd
      7. ABB Limited
      8. Sony Corporation
      9. Mitsubishi Electric Corporation
      10. Northrop Grumman Corporation
      11. Geekplus Technology Co., Ltd
      12. Omron Corporation
      13. FANUC CORPORATION
      14. Kuka AG
      15. Yaskawa Electric Corporation
      16. Denso Corporation
  7. Analyst Views
  8. Future Outlook of the Market