Smart Robots Market Size, Share, Global Analysis, Trends, Outlook, Overview and Market Insights - Market Reports Center


Technavio Announces the Publication of its Research Report – Global Smart Robots Market 2016-2020

Technavio recognizes the following companies as the key players in the global smart robots market: iRobot, LG Electronics, Neato Robotics, Samsung Electronics, Anybots Inc., Hajime Research Institutes Ltd., Robosoft Services, Savioke Inc., Boeing, Israel Aerospace Industries, Lockheed Martin, Northrup Grumman, ABB, KUKA, Rethink Robotics, and Universal Robots.

Other Prominent Vendors in the market are: AeroVironment, Aldebaran, Alphabet, Atlas Elektronik, Avatarmind, Bae Systems, Bluefin Robotic, Bobsweep, Boston Dynamics, Dyson, Ecovacs, Fanuc, Fluidra, GeckoSystems, General Dynamics, Hanool Robotics, Hayward, Honda, Infinuvo, Kawada, Kongsberg Maritime, Matsutek Enterprises, Maytronics, Miele, Moneual, Omron, OMRON Adept Technologies, Parrot, Pentair, QinetiQ, SAAB, Sharp, Softbank, Teradyne, Toshiba, Yaskawa Motoman, YUJIN ROBOT, and Zodiac International.

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Commenting on the report, an analyst from Technavio’s team said: “A trend that is expected to have a big impact on market growth is IoT in robotics. IoT connects the physical world of machines and robots with the Internet and carries out the task without any direct human intervention. With increased focus toward building smart cities and factories, the demand for IoT-enabled personal service robots and collaborative robots is on the rise. Thus, vendors are developing IoT-enabled robotic vacuum cleaners, collaborative robots, and public relation robots.”

According to the report, a key growth driver is the increase in human labor cost. China is on the verge of crossing the Lewis Turning Point, where the availability of labor has reduced significantly, resulting in high labor cost. In 2015, the minimum monthly wage in China was about $140-$650, which has grown at the rate of...