Smart Machines Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Smart Machines Market covers analysis by Technology, Product and End-user Industry, and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPTE100000245
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
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Smart Machines Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

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MARKET INTRODUCTION

The intelligent devices that use machine-to-machine technology that make choices without human interference and solve problems are referred to as smart machines. Smart machines provide high accuracy even when performing repetitive tasks at high speed. Technological advancement and increased research and development investments have proven very beneficial in giving thrust to the global smart machines market. Furthermore, deploying smart technologies across industries reduces the chances of errors that may cause damage to mechanical components.

MARKET DYNAMICS

Technological improvements and elevated R&D spending are some of the significant factors driving the growth of the smart machine market. Additionally, organizing smart techs all over industries considerably reduces the chances of faults. Moreover, high accuracy and reduction in chances of errors with the deployment of smart machines are anticipated to boost the growth of the smart machine market.

MARKET SCOPE

The "Global Smart Machine Market Analysis to 2028" is a specialized and in-depth study of the smart machine market with a special focus on the global market trend analysis. The report aims to provide an overview of smart machine market with detailed market segmentation by technology, product, end user. The global smart machine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart machine market players and offers key trends and opportunities in the smart machine market.

MARKET SEGMENTATION

The global smart machine market is segmented on the basis of technology, product, end user. On the basis of technology, the market is segmented as micro and Nano sensors, voice recognition, radio frequency, others. On the basis of product, the market is segmented as autonomous robots, intelligent assistants, expert system, smart embedded systems, neuro computers. On the basis of end user, the market is segmented as automotive, healthcare, industrial, consumer electronics, logistics and transport, military and defense, security, others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart machine market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart machine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting smart machine market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the smart machine market in these regions.

World Geography

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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global smart machine market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The smart machine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting smart machine market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the smart machine market in these regions.

MARKET PLAYERS

The reports cover key developments in the smart machine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from smart machine market are anticipated to lucrative growth opportunities in the future with the rising demand for smart machine market. Below mentioned is the list of few companies engaged in the smart machine market.

The report also includes the profiles of key smart machine market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

- Aethon
- Apple Inc.
- BAE Systems
- Digital Reasoning Systems, Inc.
- General Electric
- Google Inc.
- IBM Corp.
- KUKA AG
- Mobile Industrial Robots A/S
- Salesforce.com, Inc.

The Insight Partners dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Table of Contents

1 Introduction
1.1 Scope of Study
1.2 The Insight Partners Research Report Guidance

2 Key Takeaways

3 Smart Machines Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.2.1 Smart Machines Market - By Technology
3.2.2 Smart Machines Market- By Product
3.2.3 Smart Machines Market - By End-user Industry
3.2.4 Smart Machines Market - By Region
3.2.4.1 By Countries
3.3 PEST Analysis
3.3.1 North America - PEST Analysis
3.3.2 Europe - PEST Analysis
3.3.3 Asia Pacific - PEST Analysis
3.3.4 Middle East and Africa - PEST Analysis
3.3.5 South America - PEST Analysis

4 Smart Machines Market - Key Industry Dynamics
4.1 Impact Analysis
4.2 Key Market Drivers
4.3 Key Market Restraints
4.4 Key Market Opportunities
4.5 Future Trends

5 Smart Machines Market Analysis- Global
5.1 Global Smart Machines Market Overview
5.2 Global Smart Machines Market Forecast and Analysis

6 Smart Machines Market Revenue and Forecasts to 2028 -Technology
6.1 Overview
6.2 Technology Market Forecast and Analysis
6.3 Micro & Nano Sensors Market
6.3.1 Overview
6.3.2 Micro & Nano Sensors Market Forecast and Analysis
6.4 Voice Recognition Market
6.4.1 Overview
6.4.2 Voice Recognition Market Forecast and Analysis
6.5 Radio Frequency Market
6.5.1 Overview
6.5.2 Radio Frequency Market Forecast and Analysis

7 Smart Machines Market Revenue and Forecasts to 2028 - Product
7.1 Overview
7.2 Product Market Forecast and Analysis
7.3 Autonomous Robots Market
7.3.1 Overview
7.3.2 Autonomous Robots Market Forecast and Analysis
7.4 Intelligent Assistants Market
7.4.1 Overview
7.4.2 Intelligent Assistants Market Forecast and Analysis
7.5 Expert System Market
7.5.1 Overview
7.5.2 Expert System Market Forecast and Analysis
7.6 Smart Embedded Systems Market
7.6.1 Overview
7.6.2 Smart Embedded Systems Market Forecast and Analysis
7.7 Neurocomputers Market
7.7.1 Overview
7.7.2 Neurocomputers Market Forecast and Analysis

8 Smart Machines Market Revenue and Forecasts to 2028 - End-user Industry
8.1 Overview
8.2 End-user Industry Market Forecast and Analysis
8.3 Automotive Market
8.3.1 Overview
8.3.2 Automotive Market Forecast and Analysis
8.4 Healthcare Market
8.4.1 Overview
8.4.2 Healthcare Market Forecast and Analysis
8.5 Industrial Market
8.5.1 Overview
8.5.2 Industrial Market Forecast and Analysis
8.6 Consumer Electronics Market
8.6.1 Overview
8.6.2 Consumer Electronics Market Forecast and Analysis
8.7 Logistics & Transport Market
8.7.1 Overview
8.7.2 Logistics & Transport Market Forecast and Analysis
8.8 Military & Defense Market
8.8.1 Overview
8.8.2 Military & Defense Market Forecast and Analysis
8.9 Security Market
8.9.1 Overview
8.9.2 Security Market Forecast and Analysis
8.10 Others Market
8.10.1 Overview
8.10.2 Others Market Forecast and Analysis

9 Smart Machines Market Revenue and Forecasts to 2028 - Geographical Analysis
9.1 North America
9.1.1 North America Smart Machines Market Overview
9.1.2 North America Smart Machines Market Forecast and Analysis
9.1.2.1 North America Market Forecast and Analysis- By Countries
9.1.2.1.1 US Market
9.1.2.1.2 Canada Market
9.1.2.1.3 Mexico Market
9.1.2.2 North America Market Forecast and Analysis- By Technology
9.1.2.3 North America Market Forecast and Analysis- By Product
9.1.2.4 North America Market Forecast and Analysis- By End-user Industry
9.2 Europe
9.2.1 Europe Smart Machines Market Overview
9.2.2 Europe Smart Machines Market Forecast and Analysis
9.2.2.1 Europe Market Forecast and Analysis- By Countries
9.2.2.1.1 France Market
9.2.2.1.2 Germany Market
9.2.2.1.3 Italy Market
9.2.2.1.4 Spain Market
9.2.2.1.5 UK Market
9.2.2.2 Europe Market Forecast and Analysis- By Technology
9.2.2.3 Europe Market Forecast and Analysis- By Product
9.2.2.4 Europe Market Forecast and Analysis- By End-user Industry
9.3 Asia pacific (APAC)
9.3.1 Asia Pacific Smart Machines Market Overview
9.3.2 Asia Pacific Smart Machines Market Forecast And Analysis
9.3.2.1 Asia Pacific Market Forecast and Analysis- By Countries
9.3.2.1.1 Australia Market
9.3.2.1.2 China Market
9.3.2.1.3 India Market
9.3.2.1.4 Japan Market
9.3.2.2 Asia Pacific Market Forecast and Analysis- By Technology
9.3.2.3 Asia Pacific Market Forecast and Analysis- By Product
9.3.2.4 Asia Pacific Market Forecast and Analysis- By End-user Industry
9.4 Middle East and Africa (MEA)
9.4.1 Middle East and Africa Smart Machines Market Overview
9.4.2 Middle East and Africa Smart Machines Market Forecast and Analysis
9.4.2.1 Middle East and Africa Market Forecast and Analysis- By Countries
9.4.2.1.1 South Africa Market
9.4.2.1.2 Saudi Arabia Market
9.4.2.1.3 UAE Market
9.4.2.2 Middle East and Africa Market Forecast and Analysis- Technology Type
9.4.2.3 Middle East and Africa Market Forecast and Analysis- Product
9.4.2.4 Middle East and Africa Market Forecast and Analysis- End-user Industry
9.5 South America (SAM)
9.5.1 South America Smart Machines Market Overview
9.5.2 South America Smart Machines Market Forecast and Analysis
9.5.2.1 South America Market Forecast and Analysis- By Countries
9.5.2.1.1 Brazil Market
9.5.2.2 South America Market Forecast and Analysis- By Technology
9.5.2.3 South America Market Forecast and Analysis- By Product
9.5.2.4 South America Market Forecast and Analysis- By End-user Industry

10 Industry Landscape
10.1 Mergers & acquisitions
10.2 Market Initiatives
10.3 New developments
10.4 Investment scenarios

11 Competitive Landscape
11.1 Competitive Product mapping
11.2 Market positioning/ Market share

12 Smart Machines Market, Key Company Profiles
12.1 IBM Corp.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Google Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Apple Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Digital Reasoning Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Alchemy API Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Narrative Science Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 LG Electronics
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 BAE Systems
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 ABB Limited
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Microsoft Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments

13 Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Research Methodology
The List of Companies

1. IBM Corp.
2. Google Inc.
3. Apple Inc.
4. Digital Reasoning Inc.
5. Alchemy API Inc.
6. Narrative Science Inc.
7. LG Electronics
8. BAE Systems
9. ABB Ltd.
10. Microsoft Corporation

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

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