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Smart Robot Market to Hit USD 84.95 Billion by 2030 as a Result of Advancements in Artificial Intelligence (AI) and Machine Learning (ML) Coupled with Industry 4.0 Revolution | By SNS Insider

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Pune, Aug. 11, 2023 (GLOBE NEWSWIRE) — The SNS Insider report states that, “The Smart Robot Market had a valuation of USD 10.35 billion in 2022 and is projected to reach USD 84.95 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 30.1% during the forecast span from 2023 to 2030”.

Market Report Scope

A smart robot is an advanced and autonomous mechanical device equipped with artificial intelligence (AI) and sophisticated sensory systems that enable it to perceive, learn, adapt, and interact with its environment in an intelligent and efficient manner. Unlike traditional robots that perform pre-programmed tasks, smart robots have the ability to make decisions, analyze complex data, and even improve their performance over time through continuous learning. At the heart of a smart robot is its AI-driven brain, which processes vast amounts of information from various sensors such as cameras, lasers, and touch sensors.

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Market Analysis

Smart robots are redefining automation by seamlessly integrating AI and ML capabilities. These robots can learn from their experiences, adapt to dynamic environments, and make real-time decisions. As AI and ML technologies continue to advance, smart robots become more sophisticated, precise, and efficient, thus expanding their range of applications across industries such as manufacturing, healthcare, agriculture, and logistics. In regions where labor costs are high and workforce shortages prevail, industries are turning to smart robots to bridge the gap. These robots can perform repetitive tasks with utmost precision and consistency, reducing the dependency on manual labor. From assembly lines to warehouses, smart robots contribute to enhanced productivity, reduced errors, and improved overall output. All these factors to propel growth of the smart robot market.

Smart Robot Market Overview & Scope:

Report Attributes Details
Market Size in 2022 USD 10.35 billion
Market Size by 2030 USD 84.95 billion by 2030
CAGR CAGR of 30.1% from 2023-2030
Key Segments By Component (Hardware, Software, and Service)

By Operating Environment (Ground and Underwater)

By Mobility (Mobile and Fixed/Stationary)

By Vertical (Healthcare, Automotive, Food and Beverages, Manufacturing, Energy & Utility, Retail, and Others)

By Application (Professional and Personal & Domestic)

Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands,Rest of Europe), Asia-Pacific (Japan, South Korea,China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
20% free customization scope (equivalent to 50 analyst working hours) If you need specific information as per your business requirement, which is not currently within the scope of the report, we will provide it to you as a part of customization.
Pricing & Purchase Options Avail customized purchase options to meet your exact research needs. Explore purchase options.

Impact of Recession

The impact of a recession on the smart robot market is complex and multifaceted. While economic downturns can introduce challenges such as reduced investment and adoption hurdles, they can also spur innovation, adaptation, and government support. The true extent of the impact depends on various factors, including the severity and duration of the recession, the industries involved, and the overall business landscape. Companies in the smart robot sector must remain agile, strategic, and prepared to weather the storm while continuing to harness the potential of these intelligent machines.

Impact of Russia-Ukraine War

While the Russia-Ukraine war’s impact on the smart robot market is multifaceted, it is essential to recognize that geopolitical events can have far-reaching consequences on various industries, including emerging technologies. The extent of these effects will depend on factors such as the duration of the conflict, the international response, and the ability of businesses and governments to adapt to the evolving landscape.

Key Regional Development

North America stands as a technological innovation hub, with the United States and Canada at the forefront of smart robot development. The region benefits from a robust ecosystem of research institutions, tech companies, and venture capital, fostering the creation of cutting-edge smart robot technologies. In Europe, collaborative robotics takes the lead, with the region emphasizing safe and efficient human-robot interaction. Germany, in particular, has a strong manufacturing base and is a key driver of industrial automation. Asia-Pacific emerges as a manufacturing powerhouse, with countries like China, Japan, and South Korea playing pivotal roles in the smart robot market.

Key Takeaway from Smart Robot Market Study

  • The dominance of the healthcare and software segments in the market hinges on a few key factors. Collaborative efforts between robotics engineers, software developers, and domain experts will be instrumental in unlocking the full potential of smart robots. Interdisciplinary research will lead to innovations that drive advancements in robot autonomy, perception, and decision-making capabilities.
  • Moreover, regulatory frameworks and standards must evolve to ensure the safe and ethical deployment of smart robots in various contexts. This will instill confidence among users, healthcare providers, and industries, fostering a conducive environment for market growth.

Recent Developments Related to Smart Robot Market

  • In a strategic move towards enhancing the landscape of smart factories, Doosan Robotics, a trailblazer in the field of collaborative robotics (cobots), has announced its ambitious plans for a significant expansion of its cobot deployment.
  • In a groundbreaking move that could revolutionize the consumer robotics industry, Amazon has received approval from UK regulators to acquire a leading consumer robot company. The acquisition signals Amazon’s commitment to advancing technological innovation and expanding its presence in the rapidly evolving field of robotics.

Buy Complete Research Report Which Provide Detail Impact Analysis of COVID-19, Russia-Ukraine War & Ongoing Recession: https://www.snsinsider.com/checkout/3376 

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 Impact of Russia- Ukraine War

4.2 Impact of Ongoing Recession

4.2.1 Introduction

4.2.2 Impact on major economies

4.2.2.1 US

4.2.2.2 Canada

4.2.2.3 Germany

4.2.2.4 France

4.2.2.5 United Kingdom

4.2.2.6 China

4.2.2.7 Japan

4.2.2.8 South Korea

4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Smart Robot Market Segmentation, By Component

8.1 Hardware

8.1.1 Sensor

8.1.2 Power Sources

8.1.3 Actuator

8.1.4 Control Systems

8.1.5 Others

8.2 Software

8.3 Service

9. Smart Robot Market Segmentation, By Mobility

9.1 Mobile

9.2 Fixed/Stationary

10. Smart Robot Market Segmentation, By Operating Environment

10.1 Ground

10.2 Underwater

11. Smart Robot Market Segmentation, By Vertical

11.1 Healthcare

11.2 Automotive

11.3 Food and Beverages

11.4 Manufacturing

11.5 Energy & Utility

11.6 Retail

11.7 Others

12. Smart Robot Market Segmentation, By Application

12.1 Professional

12.1.1 Industrial

12.1.2 Healthcare Assistance

12.1.3 Military & Defense

12.1.4 Field/Agricultural

12.1.5 Logistics Management

12.1.6 Packaging & palletizing

12.1.7 Construction

12.1.8 Others

12.2 Personal & Domestic

12.2.1 Education

12.2.2 Entertainment

12.2.3 Companionship

12.2.4 Home Security

12.2.5 Early Assistance

12.2.6 Others

13. Regional Analysis

13.1 Introduction

13.2 North America

13.3 Europe

13.4 Asia-Pacific

13.5 Middle East & Africa

13.6. Latin America

14 Company Profile

14.1 Hanson Robotics Ltd.

14.1.1 Company Overview

14.1.2 Financials

14.1.3 Product/ Services Offered

14.1.4 SWOT Analysis

14.1.5 The SNS View

14.2 KUKA AG

14.3 Amazon Inc.

14.4 SoftBank Corporation

14.5 ABB

14.6 Honda Motor Company Ltd.

14.7 OMRON Adept Technology Inc.

14.8 YASKAWA Electric Corporation

14.9 Blue Frog Robotics

14.10 DeLaval

14.11 Intuitive Surgical

14.12 Samsung Electronics Co. Ltd.

15. Competitive Landscape

15.1 Competitive Benchmarking

15.2 Market Share Analysis

15.3 Recent Developments

15.3.1 Industry News

15.3.2 Company News

15.3.3 Mergers & Acquisitions

16. USE Cases and Best Practices

17. Conclusion

About SNS Insider

At SNS Insider, we believe that businesses should have access to the best market intelligence and insights, regardless of their size or industry. That’s why we offer a range of solutions tailored to meet the unique needs of each client, from startups to big corporations. With a passion for our work and an unwavering commitment to delivering value, we are dedicated to helping our clients achieve their full potential.


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Artificial Intelligence

ComplyCube Unveils No-ID Age Estimation to Address Growing Global Age-Restriction Regulations

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SAN FRANCISCO, Oct. 2, 2023 /PRNewswire/ — ComplyCube, the global Identity Verification (IDV) platform, has launched a new Age Estimation feature to safeguard minors online and protect the vulnerable. The new capability complements its existing IDV-based Age Verification solution, offering an alternative to businesses that require a lower level of identity assurance.

 
 
The AI company says the new solution leverages advanced biometric technology to derive dependable age estimations from a single selfie in seconds. The bias-tested algorithm also examines the selfie for liveness signals to prevent presentation attacks, including screen replays, 3D masks, and deepfakes.
Furthermore, the new service boasts privacy-by-design capabilities, such as configurable automatic redaction for selfies customizable per jurisdictional regulations or use cases. This makes the service ideal for seamless age-gating across the globe while adding an extra layer of protection against spoofing.
“Our multi-step pipeline and data-centric approach have enabled us to tackle ethnic, genetic, age, and gender variance to provide our clients with a fair and robust age estimation,” explains Harry Varatharasan, Chief Data Scientist of ComplyCube.
The introduction of the new features comes as concerns mount over the ease with which minors can access inappropriate digital content. While some age-verification measures have been put in place, they are disturbingly simple to evade, especially when they are based solely on entering a birth date or are vulnerable to Virtual Private Network (VPN) manipulation. A UK-based study reports that 23% of minors say they can easily sidestep such VPN limitations, while another study highlights that a staggering 56% of children aged 11 to 16 have encountered explicit material online.
In response to these growing concerns, various jurisdictions are introducing robust regulatory frameworks aimed at mandating more rigorous age-verification procedures to enhance the safety of minors online. Key legislative efforts include the UK’s Online Safety Bill, the European Union’s Digital Services Act, and California’s Age-Appropriate Design Code Act. These laws aim to establish stricter guidelines and obligations for digital platforms, thereby creating a safer online environment for younger users.
Dr. Tarek Nechma, CEO of ComplyCube, adds that “the launch of our Age Estimation feature emphasizes our pledge to ensure that minors are shielded from content beyond their years while streamlining user experience for all and building trust at scale.”
Beyond its primary goal of safeguarding children online, the feature provides additional benefits to companies operating in regulated industries that fall under a lower level of scrutiny than financial institutions. Dating apps, e-commerce, gambling, gaming, and similar businesses can now:
Enhance User Experience: Age estimation streamlines age checks, promoting faster onboarding and better retention.Simplify Regulatory Adherence: Industries can effortlessly meet age-specific regulations, safeguarding their reputation and reducing legal risks.Ensure Data Minimization and Privacy: Estimating age masks or limits sensitive data collection, aligning with top-tier data protection standards.ComplyCube’s new Age Estimation solution offers a more streamlined approach to age verification. By reducing obstacles for users and enhancing conversion rates, it brings a balance of efficiency and trust. The one-stop-shop IDV platform also underscores its commitment to responsible digital interactions, especially when it comes to safeguarding minors.
About ComplyCube
ComplyCube is a top-tier SaaS platform specializing in Identity Verification (IDV), Anti-Money Laundering (AML), and Know Your Customer (KYC) compliance. It serves a diverse client range spanning financial services, telecommunications, transport, healthcare, e-commerce, cryptocurrency, FinTech, and more.
ComplyCube’s platform, which is ISO-certified and has received multiple awards, prides itself on offering the quickest omnichannel integration available in the market. Its Low/No-Code solutions, API, Mobile SDKs, Client Libraries, and CRM Integrations make this possible.
Visit www.complycube.com to learn more.
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UNLEASH World Returns to Showcase Fortune 500 Companies Transforming the Future of Work

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From startups to the Fortune 500, the event will showcase the leaders and technologies changing the world of workSpeakers include senior HR and business leaders such as L’Oréal Deputy CEO, Barbara Lavernos, JB Academy Founder, Josh Bersin, Spotify CHRO, Katarina Berg, and Sodexo CHRO, Annick de Vanssay, as well as England Rugby legend, Jonny Wilkinson CBEImagine a future where the boundaries of HR are redefined, and business is transformed. That future becomes a reality this year at UNLEASH World 2023, as 5000+ HR leaders from 100+ countries will arrive for the industry gathering of the yearLONDON, Oct. 2, 2023 /PRNewswire/ — UNLEASH, the fastest-growing HR events across Europe and the US, returns to Paris for its 11th year on 17-18 October, 2023. Organised by UNLEASH, a global digital media and events business dedicated to HR, technology, learning and recruitment leaders, the flagship UNLEASH World conference has been the epicentre for HR, recruitment, learning expertise and tech influence for the last decade. This year, it returns to explore the transformative power of technologies such as AI in shaping the future of work.

Set across 12 theaters, UNLEASH World attendees will hear from visionary keynote speakers including CEOs from L’Oréal, Aliaxis and Roullier Group, CHROs from Airbus, Spotify and Sodexo, and Rugby legends, Jonny Wilkinson, CBE and Serge Betsen. With a diverse range of keynote speakers, interactive sessions, and networking opportunities, UNLEASH World provides cutting-edge insights and best practices for everyone – from CEOs to HR leaders and executives.
“UNLEASH is the most influential HR event in the world, where attendees are given the opportunity to meet the who’s who of the industry from some of the most exciting brands and employers in the world – under one roof, over two days of face-to-face meetings,” said Marc Coleman, CEO and Founder at UNLEASH. “Massive thanks too to our Headline Sponsors who are the heartbeat of the HR Industry and help ensure UNLEASH is the go-to global event for HR Leaders, including: AWS, Bob, Deloitte, Eightfold, Phenom, Qualtrics, SAP SuccessFactors, Visier, Workday, and Workhuman”.
Through keynotes on the main stage and further breakout stages, attendees will gain on some of the most pressing topics including:
Creating an Exponential Organization in the Modern EraThe Adaptive Enterprise – HR Technology in the Age of AITech & Human Harmony in a Hyper-Connected WorldHarnessing the Power of Resilience and ReinventionMastering Employee Connection and the Social Contract in Today’s Talent LandscapeThe speaker roster itself is star-studded with 200+ of the best in the HR industry with speakers including:
Jean-Claude Le Grand, CHRO, L’OréalKatarina Berg, CHRO, SpotifyJosh Bersin, Founder & CEO, The Josh Bersin CompanyNatalia Wallenberg, CHRO, Ahold DelhaizeSalim Ismail, Founder, OpenExOAnika Grant, CPO, UbisoftThierry Baril, CHRO, AirbusBeatriz Rodriguez, Chief Talent and DEIB Officer, BayerReza Moussavian, VP of People Products, ZalandoMaud Alvarez-Pereyre, Chief People & Transformation Officer, LVMHAndrew Elston, Global Head, Workforce Strategy Enablement, HSBCLaura Hingel, Global Head of Talent & Employer Branding, Christian DiorHenrik Hansen, VP Global Head of Integrated People Services, PhilipsDenise King, Vice President, Global Benefits and Payroll, MedtronicArtur Nejmark, Head of HRIS Operations, Volvo GroupIntroducing the UNLEASH World Startup Program: A veritable launchpad for trailblazing entrepreneurs in the HR and Future of Work. UNLEASH has been the launchpad for the future of HR Tech, this high-impact platform has already seen its network of startups raise an astounding €10 billion in funding. 2023 UNLEASH World Startup Award offers an unparalleled opportunity for early-stage companies to break through. Established in 2011, this accolade has proven to be more than just a trophy; it’s a gateway to funding and exponential growth. Our last four champions and runner-up’s secured game-changing funding within months. Those interested in entering the award can find out more here.
For more information, including the agenda and how to register for the event, visit https://www.unleash.ai/unleashworld.
About UNLEASH
UNLEASH is the go-to marketplace for human resources and breakthrough technologies that shape the future of work, and is an essential source of news, analysis and market trends that inspire and empower organisational leaders worldwide. UNLEASH is a platform to share ideas that work, network and do business, and its mission is to be the world’s number one destination and marketplace for human resources, recruitment and learning leaders globally. UNLEASH is headquartered in London, UK with operations across Europe and the United States.

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BACARDÍ® RUM TO LAUNCH THE FIRST A.I. POWERED ALBUM PRODUCED BY GRAMMY WINNER BOI-1DA

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The latest evolution of the iconic rum brand’s Music Liberates Music programme will use cutting-edge generative A.I. software to give a global collective of artists including UK singer/songwriter Bellah access to Boi-1da’s best-in-class production talent. 
HAMILTON, Bermuda, Oct. 2, 2023 /PRNewswire/ — Continuing its mission to support emerging talent, BACARDÍ and Grammy Award-winning producer Boi-1da are once again partnering to launch this year’s evolution of the longstanding ‘Music Liberates Music’ programme: The A.I. Powered Album. Dropping this November, The A.I. Powered Album will champion works by five global up-and-coming artists in a one-of-a-kind project exploring how A.I. can be positively leveraged to provide emerging talent unprecedented opportunities. For the first time since the campaign’s inception, each artist will have the opportunity to try out multiple demos with Boi-1da’s star-powered beats, using a generative A.I. trained on the award-winning producer’s sound, to ultimately finalise one incredible track. Together, the tracks will be offered to fans as the first-ever A.I. powered EP produced by Boi-1da.

 

The A.I. Powered Album will feature tracks from UK-based singer Bellah as well as Ghanian-raised rapper Blackway, American R&B singers Floyd Fuji and Kyle Dion, and Canadian R&B artist Savannah Ré. Over several weeks, each artist will feed their tracks into a state-of-the-art generative A.I. tool, which has been trained on a selection of beats from Boi-1da’s unreleased catalogue and will learn the sounds and cadence of his unique musical style. After submitting their demos to Boi-1da, each artist will work alongside him to refine their works, resulting in the EP’s final set of songs to be released this November.
Bellah, from North London, has a special knack for gliding over classic R&B instrumentals and captivating audiences. With a handful of EPs under her belt, the burgeoning British/Nigerian singer/songwriter has proven why she is at the forefront of the UK R&B industry. In her third and most recent piece, Adultsville, Bellah explores what it means to evolve into a woman in the modern world. It’s the inner page of a journal that, in looking back on her life and work as a whole, she describes as the “most transforming, traumatic, eye-opening, beautiful, and awful chapter of my life.”
With a style that combines traditional R&B with an Afro influence, Bellah’s very likable and sincere lyricism shines just as brightly as her voice. Her British-Nigerian ancestry lends an Afro influence to that unfiltered R&B, a sound that has been praised by Complex and BBC 1Xtra, which named her first hit their Track Of The Week. As a rising star in the music and entertainment industry, she’s already garnered a MOBO nomination, cementing her status as one of the most promising talents in the UK music scene. With over 1 million monthly listeners on Spotify, Bellah has captivated a wide audience with her music.
As with each Music Liberates Music programme, all proceeds from the project will directly benefit the participating artists. All copyright and subsequent revenue from the tracks will remain with the artists and Boi-1da. Fans can enjoy The A.I. Powered Album available for purchase as a limited-edition vinyl as well as for free on streaming platforms, such as Spotify, this November.
“This is the fifth year we’re bringing Music Liberates Music back for artists and fans alike. We’re proud to continually support emerging talent with new resources that fuel creativity and collaboration,” said Laila Mignoni, Global Head of Brand Marketing Communications for BACARDÍ rum. “Ultimately, our goal is to provide opportunity and access to rising artists in the industry, so it’s been exciting to broaden Boi-1da’s capabilities, allowing him to work with multiple artists on multiple tracks, simultaneously as one producer. We know the conversation around AI has been a challenging one, so approaching this project with the utmost respect and protection for the artist was key in developing this new tool. The technology is, and always should be, complementary to each artist’s work and protective of all the creatives involved.”
“I’m thrilled to work with BACARDÍ on this ground-breaking new iteration of Music Liberates Music exploring AI as a tool to enrich human creativity,” says Boi-1da. “One of the most fulfilling responsibilities I have as a producer is to work with up-and-coming talent. Through the A.I. Powered Album, we’ve provided unprecedented access to my personal production style. I’m able to work with an international collective of artists simultaneously, while still honouring their creative autonomy. Music as an art has continually grown thanks to innovative technology, and with AI, I believe we can revolutionise the music industry for good if we view it as a way to provide opportunities that enhance music’s human element, rather than replace it.”
For more information and updates on the launch of The A.I. Powered Album follow @bacardi_uk on all social channels or visit Bacardi.com.
About BACARDÍ® Rum – The World’s Most Awarded Rum In 1862, in the city of Santiago de Cuba, founder Don Facundo Bacardi Massó revolutionized the spirits industry when he created a light-bodied rum with a particularly smooth taste – BACARDÍ. The unique taste of BACARDÍ rum inspired cocktail pioneers to invent some of the world’s most famous recipes including the BACARDÍ Mojito, the BACARDÍ Daiquiri, the BACARDÍ Cuba Libre, the BACARDÍ Piña Colada and the BACARDÍ El Presidente. BACARDÍ rum is the world’s most awarded spirit, with more than 1,000 awards for quality, taste and innovation. Today, BACARDÍ rum is made mainly in Puerto Rico where it is crafted to ensure the taste remains the same today as it did when it was first blended in 1862. http://www.BACARDÍ.com/
The BACARDÍ brand is part of the portfolio of Bacardi Limited, headquartered in Hamilton, Bermuda. Bacardi Limited refers to the Bacardi group of companies, including Bacardi International Limited.
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SOURCE BACARDÍ® Rum©2023. BACARDÍ AND THE BAT DEVICE ARE TRADEMARKS.
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