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Smart Robot Market to Reach USD 51.2 Billion by 2031, Growing at 16.4% CAGR | SkyQuest Technology
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Rapid advancements in robotics technologies and the growing need for mobility in robotics are key factors allowing mobile robots to hold a high share of the global smart robot market. The surging use of different mobile devices and technologies will also help this sub-segment bolster smart robot market development. Advancements in IoT (Internet of Things) mobility are also slated to augment the sales of smart robots.
Stationary robots are estimated to be highly popular among industrial settings for applications such as assembly, material sorting, picking, sorting, quality inspection, etc. These types of robots will extensively be used in industry verticals such as automotive manufacturing, logistics, and healthcare as well.
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The rapid surge in the adoption of automated technologies in industrial and commercial sectors has led to a hike in demand for professional robots. Smart professional robots are more precise and more autonomous compared to general robots. The use of artificial intelligence and machine learning has helped smart professional robots become smarter than ever before. Whereas an increase in disposable income and high availability of robots for domestic and individual applications is powering the demand for smart personal robots. The increasing practicality of owning a robot to assist with domestic and household tasks has led to changes in consumer preferences thereby boosting sales of smart personal robots.
The majority of smart robots are forecasted to be used for inspection and maintenance applications owing to their high efficiency and accuracy. Repetitive nature of inspection and maintenance operations is what allows for high use of smart robots. Moreover, the use of smart robots for inspection and maintenance helps eliminate the margin of human error and improve the overall efficiency of operations. Higher accuracy and reduced costs are other key benefits that help promote the use of smart robots for inspection and maintenance applications.
The rapid adoption of automation in the logistics industry is projected to help promote the use of smart robots for material handling and sorting applications in the future. Smart robots can easily handle different material handling tasks and sorting as they can easily be programmed, and the addition of smart technology allows them to adjust to changes in the environment to avoid errors and improve the efficiency of the process.
Use of smart robots for sanitation and disinfection in healthcare facilities is projected to increase rapidly over the coming years as emphasis on hospital-acquired infections (HAIs) increases. Smart robots are also capable of assisting teachers to improve learning and revolutionize the education space.
In conclusion, the potential for smart robot manufacturers is huge in almost all segments. Targeting commercial and industrial applications will offer the best returns for new as well as established smart robot companies.
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