Smart Robots Market Segmentation:
Industry Vertical Segment Analysis
The automotive segment is likely to capture smart robots market share of around 25.1% by the end of 2035. The growth of the segment is primarily attributed to the growing use of robots in manufacturing automobiles. The automobile industry has the maximum number of robots working in factories all across the globe. According to data published by the International Federation of Robotics in March 2023, 1 million robots are working in the car industry. Smart robots make the work sophisticated enough to perform tasks with precision and efficiency, including stamping metal plates, trimming plastics, etc. Also, Automotive robotics seamlessly carries out the priming and painting of the vehicle body with zero to no errors.
Application Segment Analysis
The inspection & security segment is anticipated to exhibit significant growth over the forecast period. The smart robots integrated with artificial intelligence, machine learning, cameras, and sensors can detect and analyze the behavior of the object, offering real-time information to the operator on whether the object is dangerous or not. There has been a rising investment in research and development for developing state-of-the-art robots. For instance, according to The American Society of Mechanical Engineers in January 2023, Japan spent USD 930 million for robotics research and development.
Our in-depth analysis of the global smart robots market includes the following segments:
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