The global intelligent robot market is poised to grow at a significant growth rate from 2019 to 2025. Intelligent robots are designed to perform different operations without the intervention of humans. It uses Artificial Intelligence (AI) processes and systems that adapt itself from its experience and environment. Intelligent robots can work together, collaborate, and learn through human behaviour.

The rise of the intelligent robot industry is led by growing industrial automation, strong government investments for automation solutions, as well as the development of robotics for a digital and connected world. Moreover, factors such as rising concerns over workplace safety and growth in the advancements of smart homes are expected to offer lucrative opportunities for the smart robot market in the coming few years. However, insecure connections with robots and heavy manufacturing expenses restrict industry growth.

Growing government initiatives for AI-enabled robotic solutions and increasing funds towards industrial automation is expected to drive the Intelligent Robots Market

Several industry verticals that include healthcare, manufacturing, construction, logistics, and more, are rapidly implementing robotic processes. The application of robots in the agriculture sector, as well as in the automotive sector has augmented the intelligent market growth in the past few years. This leads to stable and precise work throughput in the processes. Intelligent robots also enable enhanced quality along with safety in terms of damages that are caused through machinery. In the production and manufacturing line of industry, intelligent robots are widely used to perform a range of performed tasks and move materials in different places.

Software segment within the component type the emerging type for intelligent robots market

The software segment is expected to grow at a considerable rate compared to the hardware segment owing to the increasing complexity in terms of functionalities such as autonomous operations and inter-device connectivity. Moreover, key players within the intelligent robot market are constantly coming up with advanced solutions that help the intricate functionalities to process accurately and effectively. For example, Komatsu has introduced a multi-purpose bulldozer and drone automation system, particularly for the construction industry that hovers above the construction site and enables monitoring the inventory, delivery, and overall progress.

Asia-Pacific will lead the growth in this market

The Asia Pacific region is anticipated to grow at the highest rate over the forecast period. The region is probable to implement intelligent robots for almost all important service and industrial applications in the next five years. On the other hand, due to the rising elderly population within countries such as China and Japan, the nations are likely to employ humanoids (intelligent home robots) for caregiving and personal applications. Also, government initiatives in emerging technologies such as machine learning, artificial intelligence, and automation solutions in the developing Asia Pacific countries are projected to augment the growth of intelligent robots market over the forecast period.

Key Market Players

    •    SoftBank Robotics
    •    iRobot
    •    KUKA
    •    ABB
    •    Hanson Robotics
    •    FANUC
    •    Blue Frog Robotics
    •    Universal Robots
    •    Rethink Robotics
    •    ECA Group
    •    Intuitive Surgical
    •    Others

Market Segments: Intelligent Robots Market 

• By Component
  • Hardware
    • Actuators
    • Sensors
    • Control Systems
    • Others
  • Software
• By Mobility
  • Stationary
  • Mobile
• By Vertical
  • Automotive
  • Manufacturing
  • Electrical & Electronic
  • Food & Beverage
  • Chemical
  • Residential
  • Others
• By Region
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
  • Asia Pacific
    • China
    • India
    • South Korea
    • Japan
  • South America
    • Brazil
    • Argentina
  • The Middle East and Africa

Key Sources 

    •    Industry Associations
    •    Patent Websites
    •    Company Annual Reports
    •    Company Websites
    •    Key industry leaders
    •    IEEE journals
    •    Technology consultants
    •    System Integrators
    •    Automotive experts
    •    Others

Key Questions Answered

    •    What are the key growth regions and countries?
    •    What are the important types and technologies being used?
    •    What are the market players doing, in terms of research and development?
    •    Which are the new applications for this market?
    •    What are the integrations happening?
    •    What are the recent news, developments, mergers, or large value deals?

Key Stakeholders

    •    Products & solution providers
    •    System Integrators 
    •    Regulatory Authorities
    •    Research and Innovation Organizations
    •    Technocrats
    •    Suppliers and Distributors
    •    Other Channel Partners