Zion Market Research Global Smart Robots Market, 2016–2024 | Page 3
Smart Robots Market
Further, the ability of smart robots to recognize an issue and make a judgment is also
fueling the global smart robots market growth.
On the other hand, huge expenditure in the production of smart robots is hindering the
global smart robots market. Additionally, loss of jobs due to rising utilization of smart robots
is also one of the factors that have a negative effect on the global market growth.
Global Smart Robots Market: Segmentation
On the basis of components, the global smart robots market is mainly classified as
hardware and software.
Further based on applications, the global market is bifurcated into industrial and services.
Further on the basis of geography, the global smart robots market is mainly divided as
Europe, North America, the Rest of the World, and Asia Pacific.
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Global Smart Robots Market: Regional Analysis
High employment of smart robots in various areas such as process industries,
manufacturing industries, healthcare, and automotive industries is escalating the global
market specifically in the U.S. and Canada. The ability of smart robots of functioning on their
own due to the presence of artificial intelligence in them is boosting the global market in
India, China, and Japan and remaining part of the Asia Pacific. The rising demand for
utilizing robots along with human beings has elevated the global market mainly in many
parts of Germany. Also, usage of smart robots in the healthcare sector for assisting elderly