According to a new market research report “Smart Robots Market by Component (Software, Hardware), Application (Collaborative Industrial Robots, Personal Service Robots, Professional Service Robots), by Geography (North America, Europe, APAC, RoW) - Analysis & Forecast to 2020” , the total smart robots market is expected to reach USD 7.85 billion by 2020, at an estimated CAGR of 19.22% between 2015 and 2020.

Browse 70 market data tables and 71 figures spread through 200 pages and in-depth TOC on “Smart Robots Market -
Analysis & Forecast to 2020"

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Smart robots are the intelligent robotic systems with artificial intelligence designed to carry out their operation without direct human intervention. They perform their tasks independently and can work along with humans in various industrial and service applications. The smart robots application market is mainly dominated by service applications broadly categorized into personal and professional services.
Smart robots used in personal services consist of domestic application, entertainment, and others, such as elderly assistance and home security. The smart robot market size for domestic application is projected to reach USD 2.17 Billion by 2020. The field application holds the highest market share in the professional application of smart robots, which comprises milking robots and other robots used in agriculture and forestry. The market size of milking robots accounted USD 902.1 Million in 2014.

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The smart robots market for different geographic regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW), has also been covered in the report. The North American region comprised the largest market for smart robots as of 2014.
The report profiles the major players along with their SWOT analysis in the smart robots market. The market has been witnessing a series of new product launch announcements and partnerships across the value chain. The key players includes iRobot Corporation (U.S.), DeLaval (Sweden), Lely (The Netherlands), KUKA AG (Germany), Amazon (U.S.) Honda (Japan), Kongsberg Maritime (Norway), Google Inc. (U.S.) among others.

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