Smart Robots Market Growth 2015 - 2023

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Date Submitted: 08/05/2015 05:51 AM

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REPORT DESCRIPTION

Smart robots are built to function autonomously without the need for human interference. These robots are

increasing being applied in several areas such as healthcare, automotive industries, process industries and

manufacturing industries among others. The market is expected to grow during the forecast period.

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The smart robots are embedded with artificial intelligence which allows them to function on their own. This

factor is acting as a driver for the market. In addition, the rising demand for use of robots alongside

humans is also aiding to the growth of the market. The smart robots are also being used in the healthcare

sector in order to stay with the elderly patients and assist them for a faster recovery. Moreover, the ability

of these robots to identify a problem and take a decision on their own to solve a problem is also fuelling

the growth for smart robots market. Furthermore, the smart robots are faster and more efficient compared

to humans, which gives them added advantages to function in manufacturing industries for better

production of goods. These robots are embedded with sensors which enables them to analyze their

environment and act accordingly. This enhances their ability to function safely in manufacturing sector.

These factors are ensuring the demand for smart robots globally.

However, the...