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Japan Smart Home Market (by Application Areas and Product Segment), Number, Household Penetration, Impact of COVID-19, Policies, Trends & Key Company Profiles - Forecast to 2027

Japan smart home market is predicted to surpass US$ 13 Billion by 2027.  Smart Appliances captured maximum share of the Japan smart home market. Smart appliances are the next generation of home appliances that have the ability to receive, interpret, and act on a signal received from a user, and then they automatically adjust their operation to save energy. 

 

China Smart Home Market, Number, Household Penetration (by Application Areas), Impact of COVID-19, Funding, Policies, Trends & Key Company Profiles - Forecast to 2027

China smart home market is predicted to reach US$ 48.2 Billion by the year 2027. The initiatives such as National New-type Urbanization Plan, China’s 14th five-year Development Plan, Smart Cities Projects and Made in China 2025 strategy, are likely to fuel the growth of China smart home market. 

South Korea Smart Home Market, Number, Household Penetration (by Application Areas), Impact of COVID-19, Policies, Trends & Key Company Profiles - Forecast to 2027

South Korea smart home market is projected to surpass US$ 10.7 Billion by 2027. In South Korea, household penetration for smart home applications is estimated at around 30% in 2020.The burden of household chores has increased during COVID-19, and smart appliances that help people save time will benefit.

Global Robotics Market (Industrial and Service Robotics) and Volume, Impact of COVID-19, Key Players Analysis - Forecast to 2025

The Global Robotics Market was valued US$ 31 Billion in 2020. The COVID-19 global pandemic has two effects on the robotics industry. First, it drives the growth of professional service robots, which can help augment critical infrastructure staff and alleviate supply chain stresses. On the other hand, the market for industrial robots is hampered due to their reliance on the automotive and electrical/electronic industries.

Service Robotics Market (Impact of COVID-19) and Volume Analysis by Type (Professional Service Robots, Personal and Domestic Service Robots) and Key Players Analysis - Global Forecast to 2025

The markets for most types of service robots seems hardly affected by the COVID-19 pandemic. Robotic solutions support social distancing, are not sent to quarantine and are not affected by travel bans. These technologies can help deal with massive staffing shortages in healthcare, manufacturing, and supply chains; the need for “social distancing;” and diagnosis and treatment.

Industrial Robotics Market (Impact of COVID-19) and Volume Analysis by Application (Automotive Industry, Electrical/Electronics, Metal, Chemical, Rubber and Plastics, Food, Others, Unspecified), Geographical Distribution and Key Players Analysis - Global Forecast to 2025

The market for industrial robots is hampered due to their reliance on the automotive and electrical/electronic industries, which was affected the most due to COVID-19 pandemic. Customers from both the automotive industry and general industry held back on orders and postponed their planned investments for robots and support services.

Global Robotics Market (Impact of COVID-19) and Volume (Industrial and Service Robotics), Key Players Analysis - Forecast to 2025

The Global Robotics Market was valued at around US$ 34 Billion in 2019. The market for robotics is anticipated to grow exponentially during the forecast period driven by advantages such as cost reduction, improved quality, increased production, and improved workplace health and safety.

Global Service Robotics Market (Impact of COVID-19) and Volume Analysis by Type (Professional Service Robots, Personal and Domestic Service Robots) and Key Players Analysis - Forecast to 2025

The global service robotics market was valued at over US$ 17 Billion in 2019. Service robots have witnessed widespread acceptance among various professional and personal applications owing to benefits such as enhanced usability, delivery of accurate and high-quality services, reliability, and reduced operational costs and human errors.

Global Industrial Robotics Market (Impact of COVID-19) and Volume Analysis by Application, Geographical Distribution and Key Players Analysis - Forecast to 2025

The global industrial robotics market is likely to surpass US$ 24 Billion mark by 2025. The adoption of automation to ensure quality production and meet market demand, and the growing demand from small- and medium-scale enterprises in developing countries is fueling the growth of industrial robotics market globally.

South Korea Smart Home Market, Number, Household Penetration (by Application Areas), Policies, Trends & Key Company Profiles - Forecast to 2026

South Korea offers a lucrative market opportunity for the Smart home industry, as the smart home market in the country is projected to reach nearly US$ 7 Billion by 2026. Smart home is a system that allows home owner to control and monitor different devices in home including the heating, lighting, security, and entertainment, automatically and sometimes remotely via the Internet.

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