The global market of smart machines should grow from $101.5 billion in 2021 to $211.7 billion by 2026, at a compound annual growth rate (CAGR) of 15.8% for the period of 2021-2026.
Autonomous robots as a segment of the smart machines market should grow from $85.2 billion in 2021 to $164.9 billion by 2026, at a CAGR of 14.1% for the period of 2021-2026.
Intelligent assistants as a segment of the smart machines market should grow from $6.0 billion in 2021 to $26.2 billion by 2026, at a CAGR of 34.3% for the period of 2021-2026.
Report Scope
This report identifies and quantifies the potential market for various types of smart machines, including:
- Expert systems (e.g., medical decision support systems, smart grid)
- Embedded software (machine monitoring and control systems)
- Autonomous robots (including self-driving vehicles)
- Purpose-built smart machines (such as neural computers)
- Virtual reality assistants (e.g., Siri)
- Intelligent agents (e.g., automated online assistants)
These technologies are generally at an early stage of development, so it will be necessary to consider the market at least as far out as 2026 to obtain meaningful results.
A separate section of the report discusses the development and future sales of key enabling technologies for the next generation of smart machines, such as:
- Voice recognition technology
- Micro
- and nanosensors
- Radiofrequency technologies
- Neurocomputing
- The study format includes the following major elements
- Executive summary
- Definitions
- Historical milestones
- Technologies and applications that have the greatest commercial potential through 2026
- Detailed market estimates and projections for each technology and application during the period 2021 to 2026
- Companies, academic and government laboratories that are developing smart machines
The Report Includes
- 77 tables
- An updated review of the global markets for smart machines and related cognitive computing technology systems
- Analyses of the global market trends, with data from 2019-2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Evaluation and forecast the smart machines market size (product sales in USD millions), and corresponding market share analysis by type of technology, application, and geographic region
- Discussion of the smart machine products and related technologies with the greatest commercial potential over the next five years (2021 to 2026)
- Assessment of the key drivers and constraints that will shape the market for these products and technologies over the next five years
- Estimating the current and future demand for smart machine products and enabling technologies
- Identification of the companies best positioned to meet this demand owing to their proprietary technologies, mergers and acquisitions, new product developments, and other growth strategies
- Descriptive profiles of the major market players including Bristol Robotics Laboratory, Crouzet, Robotic Technology Inc., Applied Analytic Systems, Brain Corp., CrossBar Inc., Qualcomm Inc., Siemens AG, BAE, Caterpillar, iRobot, Samsung, Intel Corp., Creative Virtual
Table of Contents
Chapter 1 Introduction
- Introduction
- Study Background
- Study Goals and Objectives
- Intended Audience
- Scope of Report
- Information Sources and Methodology
- Geographic Breakdown
- Analyst’s Credentials
- What’s New in this Update
- Custom Research
- Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- Definition, General Description and Properties
- History of Smart Machines
- Enabling Technologies for Smart Machines
- Machine Speech Technology
- Sensors
- Machine Vision
- Radio Frequency Technologies
- Power Sources
- Self-repair
- Unconventional Computation
Chapter 4 Expert Systems
- Introduction
- Benefits of Expert Systems
- Components/Architecture of Expert Systems
- Types of Expert Systems
- Knowledge-Based Expert Systems
- Probabilistic Expert Systems
- Heuristic Systems
- Applications of Expert Systems
- Automatic Flight Control Systems
- Medicine
- Financial Analysis
- Geology
- Chemistry
- Meteorology
- Other Applications
Chapter 5 Neural Computers
- Definition, General Description and Properties
- Biological Neurocomputers
- Artificial Neural Networks
- Technologies
- General Principles
- Other Developments
- Software-Based ANNs
- Applications
- Banking and Finance
Chapter 6 Autonomous Robots
- Definition, General Description and Properties
- Technologies
- Autonomous Learning
- Self-Maintenance
- Propriosensing
- Sensing the Environment
- Indoor Position Sensing and Navigation
- Position Sensing and Navigation
- Energy
- Interoperability
- Applications
- Autonomous Vehicles
- Industrial Robots
Chapter 7 Embedded Systems
- Definition, General Description and Properties
- Technologies
- Multi-Core Processors in Embedded Systems
- Embedded Operating Systems
- Embedded Digital Security
- Dealing with Uncertainty
- Applications
- Smart Grid
- Medical Devices
Chapter 8 Intelligent Assistants
- Definition, General Description and Properties
- Technologies
- Natural Language Processing
- Predictive Intelligence
- Applications
- Consumer Applications
- Enterprise Applications
Chapter 9 Company Profiles
- Enabling Technologies
- Bristol Robotics Laboratory
- Crouzet Sasu
- International Business Machines Corp.
- Robotic Technology Inc.
- Robotic Vision Technologies Llc
- Expert Systems
- Akēlex Inc.
- Exsys Inc.
- Isabel Healthcare
- Logical Images Inc.
- Massachusetts General Hospital
- Vanguard Software Corp.
- Neurocomputing
- AB Nonlinear Solutions Oy
- Alyuda Research Llc
- AND Corp.
- Applied Analytic Systems
- Brain Corp.
- Churchill Systems Inc.
- Crossbar Inc.
- Hologic Inc.
- HRL Laboratories Llc
- Intellidynamics
- Neurodimension Inc.
- Neuralware
- Geolitica
- Qualcomm Inc.
- Schiller Ag
- Siemens Ag
- Ward Systems Group Inc.
- Autonomous Robots
- BAE Systems Plc
- Caterpillar Inc.
- Dorhout R&D Llc
- Fetch Robotics Inc.
- General Dynamics Mission Systems Inc.
- International Submarine Engineering Ltd.
- Teladoc Health Inc
- Irobot
- Komatsu Ltd.
- Kongsberg Maritime (Km)
- Kuka Ag
- Lockheed Martin Corp.
- Navya
- Rethink Robotics Gmbh
- Samsung Electronics Co. Ltd.
- Science Applications International Corp.
- Teledyne Gavia Ehf
- Vision Robotics Corp.
- Vitirover
- Embedded Systems
- Intel Corp.
- Medtronic
- Mmb Networks Inc.
- Sensimed Ag
- Intelligent Assistants
- Anboto Group
- Artificial Solutions International Ab
- Astute Solutions
- Creative Virtual Ltd.
List of Tables
Summary Table: Global Smart Machines Market, by Technology, Through 2026
Table 1: History of Smart Machines
Table 2: Examples of Expert Systems
Table 3: Global Market for Expert Systems, Through 2026
Table 4: Global Market for Expert Systems, by Region, Through 2026
Table 5: Global Market for Physical ANNs, Through 2026
Table 6: Global Market for Software ANNs, Through 2026
Table 7: Applications of Artificial Neural Networks in Finance
Table 8: Applications of Artificial Neural Networks in Manufacturing
Table 9: Applications of Artificial Neural Networks in Marketing and Sales
Table 10: Applications of Artificial Neural Networks in Strategic Management and Business Policy
Table 11: Applications of Artificial Neural Networks in Telecommunications
Table 12: Applications of Artificial Neural Networks in Healthcare
Table 13: Global Market for Neural Computing, by Type, Through 2026
Table 14: Global Market for Autonomous Robots, by Application, Through 2026
Table 15: Global Market for Smart Embedded Systems, Through 2026
Table 16: Global Market for Smart Embedded Systems, by Region, Through 2026
Table 17: Global Market for Intelligent Assistants, Through 2026
Table 18: Bristol Robotics Laboratory (BRL): Key Research Areas
Table 19: Crouzet SASU: Related Product Portfolio
Table 20: IBM Corp.: Net Revenue, 2018-2020
Table 21: IBM Corp.: Products and Services
Table 22: Robotic Technology Inc.: Current and Past Projects
Table 23: Robotic Vision Technologies LLC: Solutions
Table 24: AkēLex Inc.: Technology and Solutions
Table 25: Exsys Inc.: Technology and Solutions
Table 26: Isabel Healthcare: Solutions
Table 27: Logical Images Inc.: Solutions
Table 28: Massachusetts General Hospital: Solutions
Table 29: Vanguard Software Corp.: Platforms
Table 30: AB Nonlinear Solutions OY: Tools Used by the Company
Table 31: Alyuda Research LLC: Solutions
Table 32: AND Corp.: Solutions
Table 33: Applied Analytic Systems: Products
Table 34: Brain Corp.: Products
Table 35: Churchill Systems Inc.: Products
Table 36: CrossBar Inc.: Products
Table 37: Hologic Inc.: Solutions
Table 38: IntelliDynamics: Products
Table 39: NeuroDimension Inc.: Products
Table 40: NeuralWare: Products
Table 41: Qualcomm Inc.: Net Revenue, 2018-2020
Table 42: Qualcomm Inc.: Products
Table 43: Siemens AG: Products
Table 44: Ward Systems Group Inc.: Products
Table 45: BAE Systems plc: Net Revenue, 2018-2020
Table 46: BAE Systems PLC: Products
Table 47: Caterpillar Inc.: Net Revenue, 2018-2020
Table 48: Caterpillar Inc.: Products
Table 49: Dorhout R&D LLC: Products
Table 50: Fetch Robotics Inc.: Products
Table 51: General Dynamics Mission Systems Inc.: Products
Table 52: International Submarine Engineering (ISE) Ltd.: Products
Table 53: Teladoc Health Inc.: Products
Table 54: iRobot Corp.: Net Revenue, 2018-2020
Table 55: iRobot Corp.: Products
Table 56: Komatsu Ltd.: Net Revenue, 2017-2019
Table 57: Komatsu Ltd.: Products
Table 58: Kongsberg Maritime (KM): Products
Table 59: KUKA AG: Net Revenue, 2018-2020
Table 60: KUKA AG: Products
Table 61: Lockheed Martin Corp.: Net Revenue, 2018-2020
Table 62: Lockheed Martin Corp.: Products
Table 63: NAVYA: Products
Table 64: Rethink Robotics GmbH: Products
Table 65: Hanwha Techwin: Products
Table 66: Teledyne Marine: Products
Table 67: Vision Robotics Corp.: Products
Table 68: Intel Corp.: Net Revenue, 2018-2020
Table 69: Intel Corp.: Product Portfolio
Table 70: Medtronic: Net Revenue, 2019-2021
Table 71: Medtronic: Product Portfolio
Table 72: MMB Networks Inc.: Product Portfolio
Table 73: Sensimed AG: Product Portfolio
Table 74: ANBOTO Group: Product Portfolio
Table 75: Artificial Solutions International AB: Product Portfolio
Table 76: Astute Solutions: Product Portfolio
Table 77: Creative Virtual: Product Portfolio
List of Figures
Summary Figure: Global Smart Machines Market, by Technology, 2019-2026
Figure 1: IBM Corp.: Sales Share, by Business Segment, 2020
Figure 2: IBM Corp.: Sales Share, by Region, 2020
Figure 3: Qualcomm Inc.: Sales Share, by Component, 2020
Figure 4: Qualcomm Inc.: Sales Share, by Country, 2020
Figure 5: BAE Systems plc: Sales Share, by Component, 2020
Figure 6: BAE Systems PLC: Sales Share, by Country, 2020
Figure 7: Caterpillar Inc.: Sales Share, by Segment, 2020
Figure 8: Caterpillar Inc.: Sales Share, by Region, 2020
Figure 9: Komatsu Ltd.: Sales Share, by Segment, 2019
Figure 10: Komatsu Ltd.: Construction, Mining and Utility Equipment Business: Sales Share, by Country/Region, 2020
Figure 11: KUKA AG: Sales Share, by Segment, 2020
Figure 12: KUKA AG: Sales Share, by Country/Region, 2020
Figure 13: Lockheed Martin Corp.: Sales Share, by Segment, 2020
Figure 14: Lockheed Martin Corp.: Sales Share, by Country/Region, 2020
Figure 15: Intel Corp.: Sales by Business Segment, 2020
Figure 16: Intel Corp.: Sales Share, by Country, 2020
Figure 17: Medtronic: Sales Share, by Business Segment, 2020
Figure 18: Medtronic: Sales Share, by Country/Region, 2020
Executive Summary
Smart machines are hardware or software systems that can accomplish their designated task even under conditions of uncertainty and variability.
Smart machines also are able to:
- Operate autonomously (without direct human supervision) or at least semi-autonomously.
- Adapt to and learn from changing conditions in real-time.
- Communicate with other machines.
The publisher divides the global market for smart machines into five segments: expert systems, autonomous robots, intelligent assistants, smart embedded systems and neurocomputers.
Companies Mentioned
- AB Nonlinear Solutions Oy
- Akēlex Inc.
- Alyuda Research Llc
- Anboto Group
- AND Corp.
- Applied Analytic Systems
- Artificial Solutions International Ab
- Astute Solutions
- Autonomous Robots
- BAE Systems Plc
- Brain Corp.
- Bristol Robotics Laboratory
- Caterpillar Inc.
- Churchill Systems Inc.
- Creative Virtual Ltd.
- Crossbar Inc.
- Crouzet Sasu
- Dorhout R&D Llc
- Embedded Systems
- Enabling Technologies
- Expert Systems
- Exsys Inc.
- Fetch Robotics Inc.
- General Dynamics Mission Systems Inc.
- Geolitica
- Hologic Inc.
- HRL Laboratories Llc
- Intel Corp.
- Intellidynamics
- Intelligent Assistants
- International Business Machines Corp.
- International Submarine Engineering Ltd.
- Irobot
- Isabel Healthcare
- Komatsu Ltd.
- Kongsberg Maritime (Km)
- Kuka Ag
- Lockheed Martin Corp.
- Logical Images Inc.
- Massachusetts General Hospital
- Medtronic
- MMB Networks Inc.
- Navya
- Neuralware
- Neurocomputing
- Neurodimension Inc.
- Qualcomm Inc.
- Rethink Robotics Gmbh
- Robotic Technology Inc.
- Robotic Vision Technologies Llc
- Samsung Electronics Co. Ltd.
- Schiller Ag
- Science Applications International Corp.
- Sensimed Ag
- Siemens Ag
- Teladoc Health Inc
- Teledyne Gavia Ehf
- Vanguard Software Corp.
- Vision Robotics Corp.
- Vitirover
- Ward Systems Group Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 173 |
| Published | September 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 101.5 Billion |
| Forecasted Market Value ( USD | $ 211.7 Billion |
| Compound Annual Growth Rate | 15.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 61 |
