Artificial Intelligence (AI) Robots market expected to reach a value of approximately USD 16.45 billion by the year 2025

Published | June 2019

According to BlueWeave Consulting, the Global Artificial Intelligence (AI) Robots market expected to grow at a CAGR of 29.41% from 2018 to reach a value of approximately USD 16.45 billion by the year 2025. Due to increased demands for productivity and performance of robots coupled with proliferated growing use of robotics in various industries. When artificial intelligence grows more and more, the autonomy of the system will promote the global Artificial Intelligence (AI) robot market in the forecast period has increased.

High adoption of private-use robots, including company and entertainment, is the main driving force for market growth. In addition, organizations are looking for cheaper and more efficient work given that labor costs, particularly in highly specialized fields where employers have to bid for top talent, would accelerate the growth of the Artificial Intelligence (AI) Robots industry.  Furthermore, high penetration levels of e-commerce giants such as Amazon, Walmart, and Alibaba in combination with the advent of big data analysis tools would lead to the growth of Artificial Intelligence (AI) robots in the forecast period.

Service type robot of Artificial Intelligence (AI) Robots Market projected to witness significant growth rate during the forecast period

Based on robot type, the Artificial Intelligence (AI) Robots market segmented into Service and Industrial. Service dominates global Artificial Intelligence (AI) robots due to increased use outside a manufacturing facility as intended to interact with people usually in retail, hospitality, healthcare, warehouse or distribution collection. The market for Industry robot will be affected by its application of automating production activities, time-consuming or repetitive tasks, automating menial, dangerous, effectively freeing human workers to perform more cognitive functions.

The software segment amidst offering segment anticipated to dominate the global Artificial Intelligence (AI) Robots Market

On the basis of offering, the Artificial Intelligence (AI) Robots market bifurcated into Software and Hardware. Due to its application, the software segment will lead the industry, such as performing autonomous tasks, implementing smart mechanical devices, feedback loops, sensors, pathfinding, data filtering, location and data sharing. The hardware market will grow faster and more capable by its functionality, as contact between these devices becomes more ubiquitous and more accessible.

Machine Learning Technology of Artificial Intelligence (AI) Robots Market propelling the global market with a lucrative growth rate

Based on Technology, the Artificial Intelligence (AI) Robots market categorized into Machine Learning, Computer vision, and context awareness. The Machine Learning segment will be leading the Artificial Intelligence (AI) robots market in its smart robots application account for voice recognition, voice search, recommendation engines, sentiment analysis, image recognition and motion detection. By introducing computers to understand and label images, computer vision is now being used in convenience stores, driverless car testing, daily medical diagnostics, and monitoring crop and livestock health.

Military & Defense Segment expected to witness considerable growth rate during the forecast period in global Artificial Intelligence (AI) Robots market

On the basis of Application, the Artificial Intelligence (AI) Robots market has been segmented into Military & Defense, Public Relations, Healthcare Assistance, Industrial, Stock Management and Research and Space Exploration. Military & Defense will lead the market by product due to its application, such as the production of efficient warfare systems, tracking cyber-attack trends and creating counter-attack techniques to tackle them and lower transportation costs, and growing human operational efforts. Using Automated Stock Monitoring and the ability to change the system, stock management can increase and incorporate the perspective of carrying out and fulfilling an order in a much better way.

North America geographical sector amidst region anticipated to dominate the global Artificial Intelligence (AI) Robots market during the projected period.

The Artificial Intelligence (AI) Robots market based on region, segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominates the world market for Artificial Intelligence (AI) robots over the forecast period due to the growing adoption of AI-based robotics in various industries such as inventory management, healthcare, and defense. North America will prompt the involvement of prominent AI technology providers and the growing use of AI technology for robotics in multiple areas of application.

Global Artificial Intelligence (AI) Robots Market Competitive Landscape

Softbank, Hanson Robotics, Nvidia, Xilinx, ABB, Fanuc, Kuka, Amazon, Intel, Microsoft, IBM, Alphabet, Harman International Industries, Blue Frog Robotics, and Promobot are the key players in the global Artificial Intelligence (AI) Robots market.

Browse Detailed Analysis with TOC, “Global Artificial Intelligence (AI) Robots Market Size, By Robot Type (Service and Industrial), By Offering (Hardware and software),By Technology (Machine Learning, Computer vision and context awareness), By Application(Military & Defense, Public Relations, Healthcare Assistance, Industrial, Stock Management and Research and Space Exploration), By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America); Growth Potential, Trends Analysis, Competitive Market Size and Forecast, 2015-2025”

At https://www.blueweaveconsulting.com/global-artificial-intelligence-(ai)-robots-market-bwc19175