Assessment of COVID-19’s Effect on Smart Robots Market 2020–2024 | Growing Demand for Smart Robots to Augment Growth | Technavio
Technavio has been monitoring the smart robots market and it is poised to grow by USD 20.28 billion during 2020–2024. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report
The market is concentrated, and the degree of concentration will decelerate during the forecast period. ABB Ltd., Amazon.com Inc., FANUC Corp., iRobot Corp., KION Group AG, Midea Group Co. Ltd., OMRON Corp., Singapore Technologies Engineering Ltd., SoftBank Group Corp., and Yaskawa Electric Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Growing demand for smart robots has been instrumental in driving the growth of the market.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/smart-robots-market-industry-analysis
Smart Robots Market 2020–2024: Segmentation
Smart Robots Market is segmented as below:
- Product
- Solution
- Geographic Landscape
- Personal Service Robots
- Professional Service Robots
- Collaborative Robots
- Software
- Services
- Hardware
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40828
Smart Robots Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The smart robots market report covers the following areas:
- Smart Robots Market Size
- Smart Robots Market Trends
- Smart Robots Market Analysis
This study identifies the increasing focus of companies on factory automation as one of the prime reasons driving the smart robots market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
