Smart Robots Market to Grow by USD 44.44 billion and Record a CAGR of Almost 26% During 2021-2025|17000+ Technavio Research Reports

NEW YORK, April 14, 2021 /PRNewswire/ -- 

The smart robots market is expected to grow by USD 44.44 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the smart robots market in optimistic, probable, and pessimistic forecast scenarios.

Enterprises will go through the Response, Recovery, and Renew phases.
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The smart robots market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the next normal.

This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.
• Build resilience by making effective resource and investment choices for individual business units, products, and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

Major Three Smart Robots Market Participants:

ABB Ltd.
ABB Ltd. offers robots TuMi, GoFa, and other smart robot models.

FANUC Corp.
FANUC Corp. offers SCARA Robot SR-20iA, R-2000iD/210FH with cables embedded and other smart robot models.

Husqvarna AB
Husqvarna AB offers robotic lawnmower HUSQVARNA AUTOMOWER 430X, HUSQVARNA AUTOMOWER 450X

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get a report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: 
More Details: https://www.technavio.com/report/smart-robots-market-industry-analysis

Smart Robots Market 2021-2025: Segmentation
The smart robots market is segmented as below:

• Product
  o   Professional Service Robots
  o   Personal Service Robots
  o   Collaborative Robots

• Geography
  o   APAC
  o   North America
  o   Europe
  o   South America
  o   MEA

The smart robots market is driven by the increasing focus of companies on factory automation. In addition, growing government funding for smart robots is expected to trigger the smart robots market toward witnessing a CAGR of almost 26% during the forecast period.

Get more insights about the global trends impacting the future of the smart robots market, Request Free Sample @
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Market Drivers

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Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Report Page: https://www.technavio.com/report/smart-robots-market-industry-analysis

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SOURCE Technavio