Information and Communication Technology Artificial Intelligence (AI) Robots market is projected to grow up to 22.8% CAGR during t...

Artificial Intelligence (AI) Robots market is projected to grow up to 22.8% CAGR during the forecasting period 2021-2027.

Automated intelligent robots (AI robots) are service and industrial robots that have been programmed to operate using artificial intelligence (AI) technology. These robots can learn a few repeated tasks without the need for human intervention and can even interact with people or, in certain circumstances, with other such robots. They are becoming increasingly sophisticated. Several technical advances in robot-related hardware and software have been made in recent years. There have been several novel sensors put into robots, including stretchy and flexible optical sensors. The deployment of robotics, artificial intelligence (AI), and machine learning-based systems has the potential to provide several performance improvements to companies. This includes, but is not limited to, better product/service quality, increased throughput, increased staff safety, decreased variability, waste reduction, and, most significantly, increased customer happiness. The widespread use of robots for personal purposes and entertainment, as well as support from governments around the world for the development of modern technologies, as well as financial assistance from governments in the form of budgets or subsidies, are some of the key factors driving the growth of the artificial intelligence robot market.

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Key Driving Factors: Automation And Less Human Interventions.

The increased adoption of robots for private use, such as in the workplace and for leisure, is the most important driver driving market development. Furthermore, with rising labour costs, businesses are looking for cheaper and more efficient labour. This is especially true in highly specialised sectors where employers must compete for top talent, which will drive the expansion of the Artificial Intelligence (AI) Robots market. It is expected that the increasing need for automation and the desire for less human interventions in everyday operational activities across a wide range of industrial verticals would be the primary drivers driving the artificial intelligence in robotics market. The market for artificial intelligence in robotics is expected to expand, but the initial expenses of implementing artificial intelligence in robots are expected to be prohibitively expensive.

This report offers the major market player’s profiles, such as Google Inc., IBM Corp., Microsoft Corporation, General Vision Inc., Intel Corporation, Numenta Inc., Baidu Inc., Inbenta Technologies Inc., Xilinx, Cisco, and others

Opportunities: AI Robots support Production.

In the short term, these emerging technological trends are already transforming business models across all industries and unlocking huge market and innovation potential. Making a well-considered plan for their value chain, from the beginning to the conclusion of production and the supply chain, is essential if manufacturing companies are to remain competitive and relevant. This strategy should be backed by developing technologies and robotics. In addition to the rapid growth of emerging technology, the widespread use of wireless applications, the surge in the adoption of the Internet of Things (IoT), and advances in artificial intelligence and machine learning, the global robotics market is expected to grow at a rapid pace in the coming years.

Based on Technology:

The Artificial Intelligence (AI) Robots market has been segmented into three categories based on technology: machine learning, computer vision, and context awareness. Machine Learning sector will dominate the Artificial Intelligence (AI) Robots Market in the account of its application for speech recognition, voice search, recommendation engines, sentiment analysis, picture recognition, and motion detection applications in smart robots. Computer vision will continue to increase as more applications for computers to comprehend and classify pictures are developed. It is already being utilised in convenience shops, driverless car testing, everyday medical diagnoses, and agricultural and livestock monitoring to name a few applications.

The Artificial Intelligence (AI) Robots Market report has been categorized as below

By Robot Type:

  • Service Robots

  • Industrial Robots

By Offering

  • Hardware

    • Processors

      • MPUs

      • GPUs

      • FPGAs

      • ASICs

    • Storage Devices

    • Network Devices

  • Software

    • AI Platforms

    • AI Solutions

By Technology:

  • Machine Learning

  • Natural Language Processing (NLP)

  • Context Awareness

  • Computer Vision

By Application:

  • Military & Defense

    • Spying

    • Search and Rescue Operations

    • Border Security

    • Combat Operations

  • Law Enforcement

    • Road Patrolling

    • Riot Control

  • Personal Assistance and Caregiving

    • Elderly Assistance

    • Companionship

    • Security and Surveillance

  • Public Relations

    • Reception Care at Commercial Places

    • Tour Guidance

  • Education and Entertainment

  • Research and Space Exploration

  • Industrial

  • Agriculture

  • Healthcare Assistance

  • Stock Management

  • Others

By Region

  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World

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Published Date : July-2021