Insights on the Global Smart Robots Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio

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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Technavio has announced its latest market research report titled Global Smart Robots Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• What is the key factor driving the market?

• Growing demand for smart robots is one of the key factors driving the market growth.

• What are the top players in the market?

• 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.

• Which region is expected to hold the highest market share?

• APAC

• What is the major trend in the market?

• Increasing focus of companies on factory automation is a major growth factor for the market.

• What is the year-over-year growth rate of the global market?

• The year-over year growth rate for 2020 is estimated at 33.37%.

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. The growing demand for smart robots will offer immense growth opportunities. To make 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.

Smart Robots Market 2020-2024: Segmentation

Smart Robots Market is segmented as below:

• Product
  • Personal Service Robots
  • Professional Service Robots
  • Collaborative Robots
• Solution
  • Software
  • Services
  • Hardware
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • 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. Our 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.

Smart Robots Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the smart robots market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the smart robots market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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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

• Preface
• 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

• Software
• Services
• Hardware

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

• Overview
• 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

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View source version on businesswire.com: https://www.businesswire.com/news/home/20200927005007/en/