Smart Robots Global Market Report 2025

A smart robot is an artificial intelligence (AI) device equipped with the ability to perceive its environment and context, utilizing comprehensive learning processes to enhance its capabilities. These robots find applications in research, manufacturing, and various human-oriented tasks.

The primary types of smart robots are professional service robots, personal service robots, and collaborative robots. Professional service robots are employed for commercial purposes, including tasks such as cleaning public places, delivering items in offices or hospitals, firefighting, rehabilitation, and surgical procedures in healthcare settings. Personal service robots, on the other hand, are utilized for non-commercial tasks and encompass domestic servant robots, automated wheelchairs, personal mobility assist robots, and pet-exercising robots. Smart robots play crucial roles in industries such as manufacturing, healthcare, defense, energy and utilities, and others.

The smart robots market research report is one of a series of new reports from The Business Research Company that provides smart robots market statistics, including smart robots industry, global smart robots market size, regional shares, competitors with a smart robots market share, detailed smart robots market segments, market trends and opportunities, and any further data you may need to thrive in the smart robots industry. This smart robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The smart robots market size has grown exponentially in recent years. It will grow from $17.35 billion in 2024 to $21.92 billion in 2025 at a compound annual growth rate (CAGR) of 26.3%. The growth in the historic period can be attributed to growth in demand for automation and labor cost reduction, expansion of industries requiring robotic automation (manufacturing, healthcare, logistics, etc), increased adoption of collaborative robots (cobots) for human-robot interaction, focus on safety and efficiency in manufacturing and industrial processes, advances in sensing and perception technologies for robotics, need for precision and accuracy in complex tasks.

The smart robots market size is expected to see exponential growth in the next few years. It will grow to $47.02 billion in 2029 at a compound annual growth rate (CAGR) of 21.0%. The growth in the forecast period can be attributed to adoption of robots in healthcare for surgical and rehabilitation applications, expansion of smart manufacturing and industry 4.0 initiatives, research and development in swarm robotics and multi-robot systems, need for robots in hazardous environments (nuclear, oil & gas, etc), emphasis on smart agriculture and autonomous farming practices, growing demand for last-mile delivery robots in e-commerce. Major trends in the forecast period include ai-powered adaptive learning, natural language processing (nlp) and voice recognition, robotic process automation (rpa) in business processes, edge computing for real-time decision-making, emotional ai and social robotics, augmented reality (ar) and mixed reality (mr) integration.

The rising adoption of industrial robots is expected to fuel the growth of the smart robot market in the coming years. Industrial robots, which are programmable and automated machines, are designed to perform tasks in sectors such as manufacturing, assembly, and other industrial processes. These smart robots offer enhanced precision and adaptability, making them crucial in industries like manufacturing, logistics, and healthcare. For example, in June 2023, according to the International Federation of Robotics, a Germany-based non-profit organization promoting and supporting the global robotics industry, 72,000 industrial robots were installed in Europe in 2022, representing a 6% increase from 2021. Therefore, the growing use of industrial robots is driving the expansion of the smart robot market.

The expansion of the e-commerce industry is anticipated to drive the growth of the smart robot market in the coming years. E-commerce, which involves the buying and selling of goods and services online, relies heavily on smart robots to improve efficiency in warehouses and fulfillment centers. These robots are used for automated tasks such as order picking, packing, and sorting, enabling faster and more accurate processing of online orders. For instance, in August 2024, according to the U.S. Department of Commerce, e-commerce sales in the second quarter of 2024 saw a 6.7% increase compared to the same period in 2023, while overall retail sales grew by 2.1%. E-commerce accounted for 16.0% of total retail sales during this period. As the e-commerce sector continues to expand, the demand for smart robots is expected to rise, further boosting the smart robot market.

Key players in the smart robot market are focusing on advanced product development, exemplified by the introduction of small industrial robots. These compact robotic systems are tailored for precise and specialized tasks in industrial settings. ABB, a Switzerland-based provider of automation technologies, unveiled the IRB 1010 in October 2022, marking the smallest industrial robot with a reach of 370 mm (14.5 inches) and a footprint of 135 by 250 mm (5.3 by 9.8 inches). This innovation enables electronics manufacturers to scale up production for devices like smartwatches, earphones, sensors, and health trackers. The IRB 1010's smaller dimensions offer the advantage of fitting more robotic cells into production spaces, optimizing factory layouts for increased density. Additionally, it boasts the highest payload capacity in its category, lifting up to three times more weight than comparable robot arms. The larger-diameter air hose enhances vacuum suction power, allowing the robot to handle multiple objects simultaneously and process a greater number of items per hour.

Innovation is also evident in the development of collaborative robots, commonly known as cobots, as a strategy to expand customer bases and increase revenue. Collaborative robots are designed to work alongside humans in shared workspaces. Smart Robotics, a Netherlands-based developer, introduced the Smart Merchandise Picker in November 2022. This collaborative robot excels in handling lightweight products such as stationery, office supplies, handheld devices, and toys, demonstrating efficiency and gentleness in item picking and placing. The use of such cobots minimizes the risk of product breakage, particularly during peak seasons.

In January 2024, ABB India Limited, an India-based technology company specializing in electrification, robotics, automation, and digitalization, acquired Sevensense Robotics AG for an undisclosed amount. This acquisition aligns with ABB India Limited's strategy to enhance its technological capabilities, expand its product portfolio, increase market share, and strengthen its competitive position in the Indian market. Sevensense Robotics AG, a Switzerland-based company, develops robotics solutions and technologies for automation, focusing on advanced navigation and perception systems.

Major companies operating in the smart robots market include Puresight Systems Pvt. Ltd, SoftBank Robotics Group, ABB Group, KUKA AG, FANUC India Pvt Ltd, HaHanson Robotics Limited., Yaskawa Electric Corporation, Rethink Robotics, Blue Frog Robotics SAS, Universal Robots, DeLaval, Intuitive Surgical Inc., Vt Systems Inc., Samsung Electronics, Gecko Systems International Corporation, Honda Motor Company Ltd., Omron Adept Technologies Inc., GreyOrange pte Ltd, Kongsberg Maritime, ECA GROUP, Neato Robotics, Bluefin Robotics, AIBRAIN LLC., Brain Corporation, Cyberdyne Inc., Epson America Inc, Lely Industries N.V., OTC Daihen Inc., F&P Personal Robotics., Nvidia Corporation., Anduril Industries Inc., Boston Dynamics Inc., Diligent Robotics, Starship Technologies, Nuro Inc., Vecna Robotics Inc., Aethon Inc., Universal Robots A/S, DENSO Robotics

North America was the largest region in the smart robots market in 2024. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the smart robots market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the smart robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The smart robots market consists of sales of sensors, actuators, power sources. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Smart Robots Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on smart robots market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for smart robots ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The smart robots market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

• Markets Covered:1) By Component: Hardware; Software; Services
• 2) By Product: Professional Service Robots; Personal Service Robots; Collaborative Robots
• 3) By End-User: Industrial; Residential; Commercial
• 4) By Application: Manufacturing; Healthcare; Defense; Energy and Utility; Other Applications
• Subsegments:
• 1) By Hardware: Sensors; Actuators; Chassis and Frames; Power Supply Units
• 2) By Software: Control Software; AI and Machine Learning Algorithms; Navigation and Mapping Software; User Interface and Monitoring Software
• 3) By Services: Installation and Integration Services; Maintenance and Repair Services; Training and Support Services; Customization and Development Services
• Companies Mentioned: Puresight Systems Pvt. Ltd; SoftBank Robotics Group; ABB Group; KUKA AG; FANUC India Pvt Ltd
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.