Smart Robot Market / Grand Island
Smart Robot Market is expected to grow from USD 5.59 Billion in 2018 to USD XX Billion by 2026, at a CAGR of XX % between 2019 and 2026. (Detailed analysis of the market CAGR is provided in the report)
Smart Robot is an artificial intelligence system capable of carrying out a complex series of actions automatically and can learn from its environment, its experience, and build its capabilities based on that surrounding knowledge. Smart robots are used in a variety of applications such as industrial, professional and personal use. In addition, can be programmed to handle complex operations such as patient assisting, automotive assembly, microscopic nano robots.
Increasing investments toward industrial automation, growing use of artificial intelligence in robot applications, growing adoption of autonomous robots for professional services, growing government aid for R&D of AI-enabled robots, emerging technological advancements in the field of robotics, and growth in adoption of robots in various sectors such as manufacturing industries, process industries, automotive industries, and healthcare. However, high initial investments, huge expenditure on research and development of robots are the major factors restraining the growth of the smart robot market.