Internet of Robotic Things Market by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application - Global Forecast to 2022

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Date: 21-Sep-2016
No. of pages: 187
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“Increasing adoption of service application robots driving the growth of the internet of robotic things market”

The Internet of Robotic Things market is expected to be valued at USD 21.44 Billion by 2022, growing at a CAGR of 29.7% between 2016 and 2022. The growth of this market is majorly driven by adoption of IoRT by e-commerce industry, increasing application areas owing to integration of robots with various technologies, short payback period and ROI.

“The collaborative industrial robots to grow at the highest rate in IoRT market”

The collaborative robots in industrial sector are used in manufacturing industries to speed up the production processes, increase productivity and efficiency, and minimize the costs involved in production in the long term. The smart robots are being adopted by the industrial sector to work along with the humans. Collaborative robots are used in the various industrial segments to help humans in the activities such as welding, painting, sorting, among others. It is expected that smart robots performing autonomous tasks would solve the problem of scarcity of labor among industries.

“Market for IoRT domestic robots was the largest in 2015 in personal service robotic applications.”

The domestic robot or assistant serves humans in their daily lives at home, at work, or in public environments. The vision of the future would be to have robot butlers whose ultimate task would be to serve humans as companions in their daily lives and relieve humans of heavy, dirty, monotonous, and irksome tasks. The domestic robot is considered not only as a smart device but also as an artificial creature, which improves its capabilities in a continuous process by acquiring new knowledge and skills. Also, the increasing elderly population and urbanization is driving its growth.

“The IoRT market North America to grow at the highest rate during the forecast period.”

The market for IoRT in North America was the largest in 2015 and is expected to grow at a highest CAGR during the forecast period. This is mainly because of the growing need for personal robots, such as domestic cleaning, elderly assistance among others, the increasing adoption of collaborative industrial robots by small and medium enterprises, and the high adaption rate of smart robots across the different professional application areas such as defense, field, medical, and logistics among others.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews have been conducted with key industry people. The breakup of profile of primary participants has been given below:


  • By Company Type: Tier 1 – 33%, Tier 2 – 45%, and Tier 3 – 22%

  • By Designation: C-Level Executives – 33%, Directors – 25%, and Others – 42%

  • By Region: Americas – 35%, Europe – 29%, APAC – 24%, and RoW – 12%


The key market players profiled in the report are:


  • ABB Ltd. (Switzerland)

  • KUKA AG (Germany)

  • iRobot Corp. (U.S.)

  • Amazon.com, Inc. (U.S.)

  • Google, Inc. (U.S.)

  • FANUC Corp. (Japan).

  • Cisco Systems Inc. (U.S.)

  • Intel Corp. (U.S.)

  • Honda Motors Co. Ltd. (Japan)

  • Yaskawa Electric Co. (Japan)

  • Northrop Grumman Corporation (U.S.)

  • Aethon Inc. (U.S.)

  • Bluefin Robotics Corp. (U.S.)

  • Omron Adept Technology Corp. (U.S.)

  • Geckosystems Intl. Corp.(U.S.)

  • ECA Group (France)

  • Robert Bosch GmbH (Germany)

  • Samsung Electric Co. Ltd. (South Korea)

Internet of Robotic Things Market by Component (Sensor, Power, Control), Service (Professional, Managed), Platform (Device, Application, Network), Software (Analytics, Data, Security, Monitoring, Bandwidth), Application - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Internet of Robotic Things Market Opportunities
4.2 Internet of Robotic Things Market, 2015
4.3 Geographic Snapshot of the Internet of Robotic Things Market
4.4 Internet of Robotic Things Market, By Service, 2016–2022 (USD Million)
4.5 Market, By Collaborative Industrial Robot Application, 2014–2022, (USD Million)

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Smart Robot Component
5.2.2 By Software
5.2.3 By Platform
5.2.4 By Service
5.2.5 By Application
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Adoption By E-Commerce Industry
5.3.1.2 Increasing Application Areas Owing to Integration of Robots With Various Technologies
5.3.1.3 Short Payback Period and ROI
5.3.2 Restraints
5.3.2.1 High Cost of Research & Development
5.3.2.2 Long Process of New Product Development
5.3.3 Opportunities
5.3.3.1 Increasing Demand of Robots in Education Sector
5.3.4 Challenges
5.3.4.1 Implementation of High-Quality and Reliable Robots and Testing Them With Suitable Solutions
5.3.4.2 Data Security and Interoperability Issues

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Industry Trends
6.4 Porter’s Five Forces Analysis
6.4.1 Threat of New Entrants
6.4.2 Threat 0f Substitutes
6.4.3 Bargaining Power of Buyers
6.4.4 Bargaining Power of Suppliers
6.4.5 Degree of Competitions

7 Market, By Smart Robot Component
7.1 Introduction
7.2 Sensors
7.3 Actuators
7.4 Power Sources
7.5 Control Systems
7.6 Others

8 Market, By Software
8.1 Introduction
8.2 Real-Time Streaming Analytics
8.3 Security Solutions
8.4 Data Management
8.5 Remote Monitoring Systems
8.6 Network Bandwidth Management

9 Market, By Platform
9.1 Introduction
9.2 Device Management Platform
9.3 Application Management Platform
9.4 Network Management Platform

10 Market, By Service
10.1 Introduction
10.2 Professional Services
10.2.1 Deployment and Integration
10.2.2 Support and Maintenance
10.2.3 Consulting Services
10.3 Managed Services

11 Market, By Application
11.1 Introduction
11.2 Collaborative Industrial Robots
11.2.1 Automotive
11.2.2 Electronics
11.2.3 Food & Beverages
11.3 Service Robots
11.3.1 Personal Services
11.3.1.1 Domestic
11.3.1.1.1 Vacuum & Floor Cleaning
11.3.1.1.2 Lawn Mowing
11.3.1.1.3 Pool Cleaning
11.3.1.2 Entertainment
11.3.1.2.1 Smart Toys
11.3.1.2.2 Robotic Pets
11.3.1.3 Others
11.3.1.3.1 Elderly & Handicap Assistance
11.3.1.3.2 Home Security & Surveillance
11.3.2 Professional Services
11.3.2.1 Defense & Security
11.3.2.1.1 Demining
11.3.2.1.2 Fire & Bomb Fighting
11.3.2.2 Field
11.3.2.2.1 Agriculture & Forestry
11.3.2.2.2 Milking Robots
11.3.2.3 Medical
11.3.2.3.1 Rehabilitation Systems
11.3.2.3.2 Others (Assistive Robots)
11.3.2.4 Underwater
11.3.2.5 Logistics
11.3.2.5.1 Factory Logistics
11.3.2.5.2 Service Logistics
11.3.2.6 Telepresence
11.3.2.6.1 Business
11.3.2.6.2 Healthcare
11.3.2.6.3 Personal
11.3.2.7 Inspection & Maintenance
11.3.2.7.1 Facilities & Plants
11.3.2.7.2 Tank, Tubes, Pipes, and Sewers
11.3.2.7.3 Ships & Turbines
11.3.2.7.4 Others (Infrastructure Construction)
11.3.2.8 Others

12 Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 U.S.
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 U.K.
12.3.2 Germany
12.3.3 France
12.3.4 Rest of Europe
12.4 APAC
12.4.1 India
12.4.2 China
12.4.3 Japan
12.4.4 South Korea
12.4.5 Rest of APAC
12.5 RoW
12.5.1 Middle East & Africa
12.5.2 South America

13 Competitive Landscape
13.1 Overview
13.2 Key Players in Internet of Robotic Things Market
13.3 Competitive Situation and Trends
13.3.1 Partnership and Collaborations
13.3.2 New Product Development/ Launch
13.3.3 Acquisitions
13.3.4 Expansions, Investment, Restructuring
13.3.5 Agreements and Contracts

14 Company Profiles
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
14.1 Introduction
14.2 ABB Ltd. (Switzerland)
14.3 Kuka AG (Germany)
14.4 Irobot Corporation (U.S.)
14.5 Fanuc Corporation (Japan)
14.6 Amazon.Com, Inc. (U.S.)
14.7 Google, Inc (U.S.)
14.8 Cisco Systems, Inc. (U.S.)
14.9 Intel Corporation (U.S.)
14.10 Honda Motors Co., Ltd (Japan)
14.11 Yaskawa Electric Corporation (Japan)
14.12 Northrop Grumman Corporation (U.S.)
14.13 Aethon Inc. (U.S.)
14.14 Blufin Robotics Corporation (U.S.)
14.15 Omron Adept Technologies, Inc. (U.S.)
14.16 Geckosytems International Corporation (U.S.)
14.17 ECA Group (France)
14.18 Robert Bosch GmbH (Germany)
14.19 Samsung Electronics Co., Ltd (South Korea)

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

15 Appendix
15.1 Insights of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
15.4 Introducing RT: Real-Time Market Intelligence
15.5 Available Customizations
15.6 Related Report

List of Tables

Table 1 Internet of Robotic Things Market, By Smart Robot Component, 2014–2022, (USD Million)
Table 2 Market for Smart Robot Components, By Geography (USD Million)
Table 3 Internet of Robotic Things Market, By Software, 2014–2022, (USD Million)
Table 4 Market for Software, By Geography (USD Million)
Table 5 Market, By Platform, 2014–2022, (USD Million)
Table 6 Market for Platform, By Geography (USD Million)
Table 7 Internet of Robotic Things Market, By Service, 2014–2022, (USD Million)
Table 8 Market for Services, By Geography (USD Million)
Table 9 Market, By Professional Service, 2014–2022, (USD Million)
Table 10 Market, By Application, 2014–2022, (USD Million)
Table 11 Internet of Robotic Things Market for Collaborative Industrial Robots, By Application, 2014–2022, (USD Million)
Table 12 Market for Collaborative Industrial Robots, By Region (USD Million)
Table 13 Internet of Robotic Things Market for Service Robots, By Application, 2014–2022, (USD Million)
Table 14 Market for Personal Services, By Application, 2014–2022, (USD Million)
Table 15 Market for Personal Services, By Region (USD Million)
Table 16 Market for Domestic Applications, By Type, 2014–2022, (USD Million)
Table 17 Market for Domestic Applications, By Region (USD Million)
Table 18 Internet of Robotic Things Market for Vacuum & Floor Cleaning Robots, By Region (USD Million)
Table 19 Market for Lawn Mowing Robots, By Region (USD Million)
Table 20 Market for Pool Cleaning Robots, By Region (USD Million)
Table 21 Internet of Robotic Things Market for Entertainment Applications, By Type, 2014–2022, (USD Million)
Table 22 Market for Entertainment Applications, By Region (USD Million)
Table 23 Market for Smart Toys, By Region (USD Million)
Table 24 Market for Robotic Pets, By Region (USD Million)
Table 25 Internet of Robotic Things Market for Other Applications, By Type, 2014—2022, (USD Million)
Table 26 Market for Other Applications, By Region (USD Million)
Table 27 Market for Elderly & Handicap Assistance Applications, By Region (USD Million)
Table 28 Internet of Robotic Things Market for Home Security & Surveillance Applications, By Region (USD Million)
Table 29 Market for Professional Services, By Application, 2014–2022, (USD Million)
Table 30 Market for Professional Services, By Region (USD Million)
Table 31 Internet of Robotic Things Market for Defense Applications, By Type, 2014–2022, (USD Million)
Table 32 Market for Defense Applications, By Region (USD Million)
Table 33 Internet of Robotic Things Market for Demining Applications, By Region (USD Million)
Table 34 Market for Fire & Bomb Fighting Applications, By Region (USD Million)
Table 35 Market for Field Applications, By Type, 2014–2022, (USD Million)
Table 36 Market for Field Applications, By Region (USD Million)
Table 37 Internet of Robotic Things Market for Agriculture & Forestry Applications, By Region (USD Million)
Table 38 Market for Milking Robots Applications, By Region (USD Million)
Table 39 Market for Medical Applications, By Type, 2014–2022, (USD Million)
Table 40 Market for Medical Applications, By Region (USD Million)
Table 41 Internet of Robotic Things Market for Rehabilitation Systems, By Region (USD Million)
Table 42 Market for Other Medical Applications, By Region (USD Million)
Table 43 Market for Underwater Applications, By Region (USD Million)
Table 44 Market for Logistics Applications, By Type, 2014–2022, (USD Million)
Table 45 Market for Logistics Applications, By Region (USD Million)
Table 46 Internet of Robotic Things Market for Factory Logistics Applications, By Region (USD Million)
Table 47 Market for Service Logistics Applications, By Region (USD Million)
Table 48 Market for Telepresence Applications, By Type, 2014–2022, (USD Million)
Table 49 Market for Telepresence Applications, By Region (USD Million)
Table 50 Internet of Robotic Things Market for Business Applications, By Region (USD Million)
Table 51 Market for Healthcare Applications, By Region (USD Million)
Table 52 Market for Personal Applications, By Region (USD Million)
Table 53 Market for Inspection & Maintenance Applications, By Type, 2014–2022, (USD Million)
Table 54 Internet of Robotic Things Market for Inspection & Maintenance Applications, By Region (USD Thousand)
Table 55 Market for Facilities & Plants, By Region (USD Thousand)
Table 56 Market for Tank, Tubes, Pipes, & Sewers, By Region (USD Thousand)
Table 57 Market for Ships & Turbines , By Region (USD Thousand)
Table 58 Market for Other Applications, By Region (USD Thousand)
Table 59 Market for Others Professional Applications, By Region (USD Million)
Table 60 Internet of Robotic Things Market, By Region, 2014–2022, (USD Million)
Table 61 Market in North America, By Country, 2014–2022, (USD Million)
Table 62 Market in Europe, By Country, 2014–2022, (USD Million)
Table 63 Market in APAC, By Country, 2014–2022, (USD Million)
Table 64 Market in RoW, By Region, 2014–2020, (USD Million)
Table 65 Partnerships and Collaborations, 2015–2016
Table 66 New Product Development/ Launch
Table 67 Aquisitions
Table 68 Expansions, Investment, Restructuring 2014–2016
Table 69 Agreements and Contracts, 2014–2016

List of Figures

Figure 1 Market Segmentation
Figure 2 Internet of Robotic Things Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Services Segment of the IORT Market is Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 7 Sensors Expected to Register Highest Growth During the Forecast Period in the IORT Market for Smart Robot Components
Figure 8 Security Solution Segment Expected to Grow at the Highest CAGR During the Forecast Period in the IORT Market for Software
Figure 9 Devices Management Platform Expected to Grow at the Highest Rate During the Forecast Period in the IORT Market for Platforms
Figure 10 Collaborative Industrial Robot Application to Grow at A Higher Rate During the Forecast Period
Figure 11 North America Accounted for the Largest Market Share in 2015
Figure 12 Emerging Markets in APAC and South America to Create Opportunities for IORT Market During the Forecast Period
Figure 13 Smart Robot Component Segment Accounted for the Largest Share of the IORT Market in 2015
Figure 14 The Market in Mexico is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 15 Professional Service Segment is Expected to Grow at A Higher Rate During the Forecast Period
Figure 16 Electronics Application Expected to Grow at the Highest Rate During the Forecast Period
Figure 17 Geographic Segmentation of the Internet of Robotic Things Market
Figure 18 Increasing Application Areas Owing to Integration of Robots With Various Technologies is the Major Driver for the IORT Market
Figure 19 Online Retail Market Growth of Major Countires, 2015—2016
Figure 20 Value Chain: Internet of Robotic Things Market
Figure 21 Key Industry Trends in Internet of Robotic Things Market
Figure 22 The Porter’s Five Forces Analysis (2015)
Figure 23 Porter’s Five Forces Analysis for the Internet of Robotic Things Market, 2015
Figure 24 The Impact of Threat of New Entrants Was Medium as Sound Technical and Industrial Knowledge is Required to Enter the Market
Figure 25 The Impact of Threat of Substitutes Was Low Since the Technological Alternatives are Less
Figure 26 Bargaining Power of Buyers Was Low Due to Increasing Switching Cost and Customization in Products in the Market
Figure 27 Bargaining Power of Suppliers Was Medium as the Impact of Inputs By Suppliers on End Product and End Users is Considerable.
Figure 28 Internet of Robotic Things Market, By Smart Robot Component
Figure 29 Market for Sensors Expected to Grow at the Highest CAGR During the Forecast Period
Figure 30 Internet of Robotic Things Market, By Software
Figure 31 Market for Security Solutions Expected to Grow at the Highest CAGR During the Forecast Period
Figure 32 Internet of Robotic Things Market, By Platform
Figure 33 Market for Device Management Platform Expected to Grow at the Highest CAGR During the Forecast Period
Figure 34 Internet of Robotic Things Market, By Service
Figure 35 Market for Deployment and Integration Services Expected to Grow at the Highest CAGR During the Forecast Period
Figure 36 Internet of Robotic Things Market, By Application
Figure 37 Market for Collaborative Industrial Robots Expected to Grow at the Highest Rate During the Forecast Period
Figure 38 Geographic Snapshot: Internet of Robotic Things Market (2016–2022)
Figure 39 Snapshot: Internet of Robotic Things Market in North America
Figure 40 Snapshot: Market in Europe
Figure 41 Snapshot: Internet of Robotic Things Market in APAC
Figure 42 Snapshot: Market in RoW
Figure 43 Companies Adopted New Product Launches and Acquisitions as the Key Growth Strategies Over the Last Four Years (2013–2016)
Figure 44 Battle for Market Share: Partnerships ADN Collaborations Have Been the Key Strategy
Figure 45 Geographic Revenue Mix of the Top Five Market Players
Figure 46 ABB Ltd. : Company Snapshot
Figure 47 Kuka AG :Company Snapshot
Figure 48 Irobot Corporatipon (U.S.):Company Snapshot
Figure 49 Fanuc Corporatipon (Japan): Company Snapshot
Figure 50 Amazon.Com, Inc. (U.S.): Company Snapshot
Figure 51 Google Inc. (U.S.):Company Snapshot
Figure 52 Cisco Systems, Inc. (U.S.): Company Snapshot
Figure 53 Intel Corporation (U.S.): Company Snapshot
Figure 54 Honda Motors Co., Ltd (Japan): Company Snapshot
Figure 55 Yaskawa Electrical Corporation (Japan): Company Snapshot
Figure 56 Northrop Grumman Corporation (U.S.): Company Snapshot
Figure 57 Omron Adept Technologies, Inc. (U.S.): Company Snapshot
Figure 58 Geckosystems International Corporation (U.S.): Company Snapshot
Figure 59 ECA Group (France): Company Snapshot
Figure 60 Robert Bosch GmbH (Germany):Company Snapshot
Figure 61 Samsung Electronics Co., Ltd (South Korea):Company Snapshot

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