The global cloud-based smart robotics market is anticipated to grow at a CAGR of 4.9% during the forecast period. The adoption of cloud-based robotic systems requires reliable and constant connectivity to operate within the target environment. The 5G-based wireless technology offers cloud-based smart robotics to work constantly and eliminates the requirement for complex wireline connections to provide communication systems. This requires the development of an innovative system architecture, which allows the robots to ‘talk’ to the cloud. Further, with lower latency and higher bandwidth than other forms of wireless connectivity, 5G is the optimal choice. For instances,
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The strong demand across the industries for robot installations is expected to accelerate market growth during the forecast period. For instance, in 2021, the electronics industry (132,000 installations, +21%), surpassed the automotive industry. The industrial industry (109,000 installations +37%) is the largest customer of industrial robots already in 2020. Metal and machinery (57,000 installations, +38%), plastics and chemical products (22,500 installations, +21%) and food and beverages (15,300 installations, +24%).
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Cloud-Based Smart Robotics Market Report Segment
By Component
- Software
- Services
By Service Models
- IaaS
- PaaS
- RaaS
- SaaS
By Application
- Industrial Robot
- Service Robot
By End-Users
- Automotive
- Manufacturing
- Healthcare
- Healthcare
- Military & Defense
- Retail & E-Commerce
- Others
Global Cloud-Based Smart Robotics Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global robotics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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