DUBLIN--(BUSINESS WIRE)--Aug 8, 2018--The "Smart Robot Market by Component, Application, Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.

The global smart robot market is expected to value at $4,057 million in 2017, and is projected to reach $17,561 million by 2025, registering a CAGR of 19.6% from 2018 to 2025.

The increase in field of automation, the rise in demand for robotic advancement for connected world and capability of robots to identify the breakdowns in the industry fuel the growth of the market. In addition, strong government initiative for the factory automation also contribute to the market growth. However, higher manufacturing cost and insecurities regarding the robots hamper this stated growth.

Based on component, the hardware segment generated the highest revenue in the smart robot market in 2017, and is expected to remain dominant during the forecast period. In addition, based on application, the assembling & disassembling segment generated the highest revenue followed by welding & painting and mobility.

Based on industry vertical, the automotive industry accounted for the majority market share of the smart robot market followed by the manufacturing industry.

Key Findings

The hardware segment is estimated to generate the highest revenue in the global smart robot market in 2018. In 2018, the automotive industry is projected to be the highest revenue contributor in the industry vertical segment. Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period. In 2018, North America contributes the highest market share, followed by, Europe, Asia Pacific and LAMEA.

Key Topics Covered

Chapter 1: Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview

Chapter 4: Smart Robot Market, By Component

Chapter 5: Smart Robot Market, By Application

Chapter 6: Smart Robot Market, By Industry Vertical

Chapter 7: Smart Robot Market, By Region

Chapter 8: Company Profiles

iRobot Corporation Asea Brown Boveri Ltd. (ABB) Seiko Epson Corporation Greyorange Pte Ltd. Rethink Robotics Kuka F&P Personal Robotics Softbank Robotics Yaskawa Electric Fanuc

For more information about this report visit https://www.researchandmarkets.com/research/s45wzp/17_56_billion?w=4

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Related Topics:Robotics

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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

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PUB: 08/08/2018 01:52 PM/DISC: 08/08/2018 01:52 PM

http://www.businesswire.com/news/home/20180808005627/en