Smart Robots Market Regional Analysis:
North America Market Insights
North America smart robots market is anticipated to hold a revenue share of over 45.5% by the end of 2035, backed by a growing e-commerce business and a rise in the number of warehouses. The establishment of smart warehouses across the region is instilling the demand for robots. These advanced warehouses make widespread use of smart robots to minimize human errors and increase work efficiency. The region also has a presence of market giants like Tesla, which is known for advancements in humanoid and industrial robots including the Tesla Optimus.
The U.S. Department of Agriculture also revealed that in 2022, around 20% of individuals in the country bought groceries online. In the coming years, the number of online buyers in the U.S. is anticipated to increase substantially, creating a burden on warehouse and logistics. Thus, to combat this work pressure, warehousing companies are making considerable investments in adding network-linked devices including smart robots to their warehouses to make them more connected. These modifications make smart robot adoption more feasible since they depend on a fast network and digital data.
In Canada, to encourage the development of cutting-edge technologies in the robotics sector, the local government is offering supportive policies in the form of funds, subsidies, and tax benefits. According to a report published by the International Federation of Robotics in April 2024, robot installation in Canada reached 4,616 units. The government aims to put Canada at the forefront of the commercialization of artificial intelligence with this investment.
Asia Pacific Market Insights
The Asia Pacific smart robots market is estimated to increase at a robust CAGR. Smart industrial robots are largely used in the region’s automotive sector to manage welding, painting, and assembly processes on manufacturing lines. For instance, according to the International Federation of Robotics in September 2024, 1.7 million robots working in factories in China. Also, the government in the country has made robotics manufacturing a top priority by giving huge subsidies.
In India, the rapid digital shift across several industries such as automotive, textile, healthcare, chemical, residential, and manufacturing is augmenting the sales of smart robots. According to the International Federation of Robotics in September 2024, the country ranks 7th globally in terms of annual installation.
