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Artificial Intelligence

Smart Robot Market to Surpass USD 13.44 Million by 2028, at a CAGR of 6% from 2022 – 2028 Thanks to Adoption of Smart Robots in the Manufacturing Sector



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Westford, USA, Jan. 31, 2023 (GLOBE NEWSWIRE) — North America to capture dominant Smart Robot Market share owing to high R&D investments from industry giants in regional projects. Smart robot adoption is primarily fueled by their extensive application in various industries, including manufacturing, process, automotive, and healthcare. Another factor influencing market expansion is the development of intelligent robots specifically programmed to recognize any problem and take independent actions to solve it. The manufacturing and consumer electronics industry is expected to see plenty of prospects for expansion due to the rising demand for automated appliances.

According to SkyQuest, there could be 15 million robots in use worldwide by 2028, and during the next ten years, automated labor may replace up to 30 million human workers. So we can anticipate seeing more robots in our daily lives, even though they might not completely dominate the world.

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Browse in-depth TOC on the “Smart Robot Market.”

  • Pages – 234
  • Tables – 186
  • Figures – 79

An artificial intelligence (AI) system that can learn from its surroundings and past experiences and develop new skills based on that knowledge is referred to as a smart robot. Intelligent robots can operate alongside people and learn from their actions. They are frequently used for security applications, material handling, welding, painting, assembly, inspection, and sorting, among other things.

Prominent Players in Smart Robot Market

  • SoftBank Corp
  • Aethon, Inc.
  • GeckoSystems Intl. Corp.
  • Samsung Electronics Co., Ltd
  • Neato Robotics, Inc.
  • ABB Ltd.
  • Hanson Robotics Limited
  • Universal Robots A/S
  • Kongsberg Gruppen ASA
  • iRobot Corporation
  • Intuitive Surgical, Inc.
  • DeLaval Inc.
  • Honda Motor Co., Ltd.
  • Rethink Robotics GmbH
  • Orion Star

Browse summary of the report and Complete Table of Contents (ToC):

Software Segment to Revolutionized the Smart Robot Market owing to Significant Technological Breakthroughs

The software segment is estimated to witness an exponential growth rate of 18.3% from 2022 to 2028 due to the growing popularity of Machine Learning (ML), artificial intelligence (AI), and Internet of Things (IoT) applications. Additionally, the advanced software offers deeply integrated tools that aid in integrating AI into the system so that the machine can handle issues like language interactions. Therefore, the segment’s demand is anticipated to grow during the projection period.

North America held the highest market share due to increasing IT spending and improvements in sensor technology. In addition, the demand for sensors that can be integrated into mobile devices is growing, which has fueled technological development. For example, gas sensors are becoming increasingly common in the European car industry due to the government’s increased focus on the energy economy and pollution control rules.

Industrial Segment to Drive Higher Traction due to Growing Trend of Precision Manufacturing

The industrial segment is projected to attract over a 27% revenue share by 2028. With the ongoing trend toward automation and continual new technical advancements in industrial robots, demand for these devices has increased significantly. Robot installations have also increased as a result of investments in new production facilities in developing markets and in the modernization of production in major auto-producing nations. As a result, the sector will contribute significantly to this market’s growth throughout the course of the forecast year.

The Asia-Pacific smart robot market is anticipated to expand at a CAGR of 9.7% due to the use of robots in developing economies throughout the forecast period. The Asia Pacific manufacturing market is being driven by factors such as rising economic growth, increased foreign investor interest, and growing awareness of new manufacturing practices. Developing economies must employ additive manufacturing technology throughout all production segments, including the defense and public sectors, to position themselves as forerunners in supply chain restructuring.

Almost all of the leading participants from the smart robot market are represented in the report’s organizational profiles. In addition, the competitive outlook of the report offers a critical analysis of the strengths and weaknesses, market trends, recent innovations, mergers and acquisitions, expansion plans, and product portfolios of key market competitors. Players and other market participants can utilize this information to increase efficiency and streamline their business plans.

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Key Developments in Smart Robot Market

  • According to recent filings with the city-state’s regulator, Singapore-based cleaning robot manufacturer LionsBot International has raised about $17 million in a Series A funding round. The company’s primary offering, LeoBot, is capable of vacuuming and scrubbing and is interactive. The robots are programmable to clean large public areas and only require remote supervision, freeing up the cleaning workforce to carry out higher-value tasks such as supervisory duties and customer service.
  • Neato Robotics, the Silicon Valley-based consumer Robotics Company, announces its “Customize Your Clean” initiative, including the global launch of Neato Fragrance Pods and filters for the Neato D-Series intelligent robot vacuums. The new accessories join an already impressive lineup of bespoke features and accessories, including the new Neato Pet Brush, Neato Fragrance Pods, and software updates, enabling consumers to create a personalized cleaning experience tailored to their homes and lifestyles.
  • The Switzerland-headquartered robotics company ABB opened a fully automated robotics company in Shanghai after several years of construction. The company revealed that the facility is 67,000 square meters in size and combines both production and research, representing a total investment of $150 million. The products will serve a wide range of industries, from traditional ones such as automotive and food to emerging industries like 5G consumer electronics.
  • iRobot Corp, a leader in consumer robots, introduced the Roomba Combo™ j7+, the world’s most advanced robot vacuum, mop, and thoughtful iRobot OS 5.0 updates. Designed for busy households with a mixture of carpets, rugs, and hard floors, and people who desire to have a robot vacuum that can also mop, the Roomba Combo j7+ stands out from other 2-in-1 robots by vacuuming and mopping in a single cleaning job, saving time while keeping floors fresh and clean.

Key Questions Answered in Smart Robot Market Report

  • Which major global events have changed the dynamics of the market?
  • What is the projected growth rate and valuation for the smart robot market?
  • Which players hold a dominant share of the global market?  
  • What are the key driving forces and major hurdles for the global market?
  • What is the level of competition prevailing in the smart robot market?

Related Reports in SkyQuest’s Library:

Global Wearable AI Device Market

Global Biometrics System Market

Global Wi-Fi 6 Market

Global Electronic Lab Notebook Market

Global Position Sensor Market

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Artificial Intelligence

Belgian Commitment to Partnership Supports a New Frontier of Europe-US Space Research




BRUSSELS, Dec. 10, 2023 /PRNewswire/ — Belgian Prime Minister Alexander De Croo has travelled to Houston, United States, to meet Raphaël Liégeois, the Belgian career astronaut selected as part of the European Space Agency (ESA) astronaut class of 2022. De Croo’s visit coincides with the ESA cohort’s familiarisation trip to NASA’s Johnson Space Centre, which is the precursor to a further two years of training, delivered in Houston, to prepare the astronauts for their respective missions on the International Space Station. The visit signals a new phase of the long-standing collaboration between Europe and the United States on space research and exemplifies Belgium’s commitment to partnerships in facing global challenges.

Belgium’s expertise in aerospace, and in science more generally, is internationally recognised – in terms of both training and industry. Belgium is a founding member of the ESA and its fifth-largest funder. The country’s support of the ESA shows its commitment to shaping the development of Europe’s space capability and ensuring that investment in space continues to deliver benefits to the citizens of Europe and the world.
“For Belgians, the sky isn’t the limit, the universe is,” said De Croo. “Today, we are very proud to see Raphaël take this important step in his career as an astronaut. He will be an important role model for many generations of STEM students to come. Space research and innovation hold particular importance for Belgium; they are powerful economic drivers which foster the growth of high-tech industries and create jobs – as evidenced by the number of Belgian companies on the cutting edge of aeronautics.” 
The 17 members of the ESA astronaut class of 2022 were selected from a pool of over 23,000 applicants. The process, designed to bring together the finest scientific minds that Europe has to offer, took place over a period lasting 18 months.
The selection of Raphaël Liégeois is testament to Belgium’s focus on embracing openness, driven by innovation, partnerships, and diversity, to create solutions that drive progress for all.
About Belgium
Located in the heart of Europe, Belgium is one of the most open economies in the world, counting 11.5 million people with a reputation for innovation, hard work, partnership, and multilingualism. Strategically located between Germany, the Netherlands, France, and Luxembourg, and only a stone’s throw from the UK, it lies at the centre of the richest and most densely populated area in Europe. A member of the European Union, Belgium enjoys full access to the world’s most advanced single market and customs zone which ensures extensive frictionless trade.
Belgium boasts a highly developed transport infrastructure, including the second largest seaport in Europe (Antwerp). Belgium is home to world-leading research and innovation facilities, multinational corporations, and artisanal businesses supported by the investor-centric approach of public services.
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Artificial Intelligence

Savory & Partners: Digital Nomad Visas Sparking a Migration Boom




DUBAI, UAE, Dec. 9, 2023 /PRNewswire/ — The simplicity and lax requirements of digital nomad visas have made them easily accessible, and countries like Portugal and Spain, which have excellent infrastructure, great internet connection, and an outstanding standard of living, draw in more digital nomads by the day, according to experts at Dubai-headquartered citizenship and residency by investment advisors Savory and Partners.

A recent research quoted by the company estimates that there are 16.9 million digital nomads roaming the globe. This is a whopping 162% increase from 2019, just four years earlier.
As soon as Portugal introduced its digital nomad visa in October of 2022, the applications started pouring in. While the government hasn’t announced the number of applications it has received, Portugal’s Labour Minister did announce that the country approved 550 applications within the first six months.
Two months after launching its visa in September of 2021, Greece received 2,918 applications, approving an astonishing 1,693 applicants. The government is yet to release any new statistics, but going off that outstanding start it is safe to assume it is still garnering massive attention.
Germany also boasts impressive numbers, having issued a total of 3,638 visas in just one year since the introduction of its visa in 2018.
According to Residency Malta, the government branch responsible for the digital nomad visa, it has issued 1,041 visas to date, with an average approval rate of 78%.
Croatia, one of the first countries to introduce a pure digital nomad visa in early 2021 as a response to the rise in remote workers, has approved 680 applications, while 672 are still pending approval.
Not just Europe
“It’s not just Europe but even Barbados’ digital nomad visa, dubbed the Welcome Stamp, has been doing outstandingly well, receiving a total of 3,511 applications between 2020 and 2022”, a digital nomad specialist at Savory & Partners reports.
While digital nomads typically use visa-free access or visas to stay in countries for a few months at a time before moving on to the next, digital nomad visas provide a sense of comfort and stability that aligns perfectly with their lifestyle, giving them ample time to enjoy the country they are in before moving on to the next.
Unsurprising demand
The rapid growth in application numbers and the surging demand for digital nomad visas isn’t surprising. They are extremely simple to apply to, have fast processing times ranging from a few days to a couple of months, and they do not require any business establishment or investment.
Portugal’s digital nomad visa, for example, only requires applicants to prove a monthly income of €3,040 per month, while Spain’s visa has a lower threshold of just €2,160 per month.
Savory & Partners is an accredited agent for multiple governments where citizenship by investment is offered. The company has coverage in over 20 jurisdictions, including Europe and was the first firm to obtain all five authorised agent licenses for the governments of the Caribbean Islands. It has processed second passports for over 4,000 citizens with a 100 per cent success rate.
With a presence in 3 continents and 7 countries and more than 60 experts worldwide, the company’s multinational staff comprises advisors who guide clients in English, Arabic, Farsi, French, Spanish and Hindi.
To know more about Savory & Partners, visit
For more information, please send an email to [email protected] can also call +971 04 430 1717 or send a WhatsApp message to +971 54 440 2955.
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Artificial Intelligence

Robotic Lawn Mower Market to Reach $2.4 Billion, by 2032 at 10.9% CAGR: Allied Market Research




The increasing demand for smart appliances for garden maintenance by global consumers, along with the development of IOT enabled features is fueling the growth of the robotic lawn mower market.
WILMINGTON, Del., Dec. 8, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Robotic Lawn Mower Market by Range (Low-Range Robotic Lawn Mower, Medium-Range Robotic Lawn Mower, and High-Range Robotic Lawn Mower), End User (Residential User and Commercial User), and Distribution Channel (Retail and Online): Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, the global robotic lawn mower market size was valued at $838.5 million in 2022, and is projected to reach $2.4 billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

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Prime determinants of growth
The robotic lawn mower market is driven by factors such as increase in demand for automation, rise in advancements for technology, and increase in popularity of online platforms. However, the rise in regular maintenance and repair costs restricts market growth. Moreover, the increase in demand for rental robotic lawn mowers offers new opportunities in the coming years.
Report coverage & details:
Report Coverage
Forecast Period
Base Year
Market Size in 2022
$838.5 million
Market Size in 2032
$2.4 billion
10.9 %
No. of Pages in Report
Segments covered
Range, End User, Distribution Channel, and Region
Increase in demand for automation
Rise in advancements for technology
Reduction in the labor costs
Increase in demand for rental robotic lawn mowers
Growth in the adoption of internet of things
Declining Cost of Batteries/Fuel Cells
Less adoption in developing markets
Regular maintenance and repair costs
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The medium range robotic lawn mower segment to maintain its leadership status throughout the forecast period
Based on range, the medium range robotic lawn mower segment dominated the market in 2022 accounting for more than half of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.4% from 2023 to 2032, owing to the increase in residential and commercial spaces such as buildings, corporate spaces, sports centers, and public parks, which has fueled the requirement for medium range robotic lawn mowers.
The residential segment to maintain its leadership status throughout the forecast period
Based on end user, the residential segment dominated the market in 2022 accounting for less than three-fourths of the market share and is expected to dominate the market during the forecast period. This segment is projected to manifest the highest CAGR of 10.7% from 2023 to 2032, owing to the increase in the demand for low and medium range robotic lawn mowers in the residential sector due to the increased requirement for lawn care and maintenance.
The retail segment to maintain its lead position during the forecast period
On the basis of the distribution channel, the retail segment dominated the market in 2022 accounting for less than half of the market share and is expected to maintain its dominance during the forecast period. The increased demand for ecologically friendly and sustainable robotic lawn mowers, which is being driven by the rising awareness of environmental challenges, is one of the main factors boosting retail sales.
Europe to maintain its dominance by 2032
Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the market share and is expected to maintain its dominance during the forecast period. The growing popularity in artificial intelligence for performing day-to-day activities with higher efficiency is among the primary factors driving the Europe robotic lawn mower market.
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Leading Market Players: –
Robert Bosch GmbHHusqvarna ABHonda Motor Co., Ltd.Zucchetti Centro Sistemi S.p.A.Stiga C S.a.r.l.Andreas Holding AG & Co. KGPositec Tool CorporationWiper S.R.L.Suzhou Cleva Electric Appliance Co., Ltd.Stanley Black & Decker, Inc.The report provides a detailed analysis of these key players in the robotic lawn mower market. These players have adopted different strategies such as acquisition, partnerships, and new product launches to increase their market share and maintain dominant shares in the market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Read More Trending “AMR Exclusive Insights:
Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2023-2032Canada Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Mexico Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Europe Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032France Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032Germany Lawn and Garden Water Equipment Market Opportunity Analysis and Industry Forecast, 2022-2032About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa1209 Orange Street,Corporation Trust Center,Wilmington, New Castle,Delaware 19801 USA.USA/Canada (Toll Free):+1-800-792-5285UK: +44-845-528-1300Hong Kong: +852-301-84916India (Pune): +91-20-66346060Fax: [email protected]: www.alliedmarketresearch.comAllied Market Research Blog:

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