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
- Published Date: June 2019
- Report ID: BWC19175
- Available Format: PDF
- Page: 115
Global Artificial Intelligence (AI) Robots Market: Overview
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.Artificial intelligence and robotics combined helps in augmentation and simulate human task and behavior to increase the efficiency in the result. This market is fueled by technological advancement and increasing demand for AI implementation. The growth in AI robot market is driven by increasing penetration of robots for personal use, growing number of geriatric population, rising capital and R & D investment by robots manufacturing, demand for personalized services trend and robot suppleness are some of the vital factors expected to expand global artificial intelligence robots market in the forecast period.
In addition, rising adoption of cloud-based applications and services in the robot industry support from governments worldwide to develop modern technologies and financial assistance through government budgets or subsidies are other factors estimated to accelerate the growth of the market in the next few years. Moreover, the growing adoption of customer-centric marketing methods, increased use of social media for advertising and increase in demand for virtual assistants will fuel the growth of the Artificial Intelligence (AI) Robots market in the forecast period.
Further, the rapid adoption of AI-based robots in end-use industries such as retail, healthcare, and automotive will contribute to the growth of the Artificial Intelligence (AI) Robots market in upcoming periods. Additionally, applications of AI and robotics will enable machines to efficiently and quickly perform more mundane and time-consuming tasks will foster the global Artificial Intelligence (AI) Robots market.
Artificial Intelligence (AI) Robots Market Robot Type analysis
On the basis of Robot Type, the Artificial Intelligence (AI) Robots market has been segmented into Service and Industrial. Service segment dominates the global Artificial Intelligence (AI) Robots Market owing to less expensive hardware and improvements in AI lead to improved cost structures and increased integration with enterprise software systems respectively. Moreover, the increasing adoption of AI-based robots for personal use, such as companionship and entertainment will fuel the global Artificial Intelligence (AI), Robots Market. The industrial segment will boom by growing use of robots for assembly, packaging and customer service.
Artificial Intelligence (AI) Robots Market Offering Analysis
On the basis of offering, the Artificial Intelligence (AI) Robots market has been segmented into Software and Hardware. Software segment will lead the market owing to its usages such as designing and deploying artificial intelligence applications including those for, inference, primitives, video analytics, sparse matrices, linear algebra, and multi-hardware communication capabilities. Hardware segment will grow by its application like handling material, cutting, welding, color coating, drilling, polishing, etc.
Artificial Intelligence (AI) Robots Market Technology Analysis
On the basis of Technology, the Artificial Intelligence (AI) Robots market has been categorized into Machine Learning, Computer vision and context awareness. Machine Learning segment dominates Artificial Intelligence (AI) Robots Market due to it enables robots to analyze and learn from the different working environment, thereby making the robots safer and efficient. Computer vision will surge by its application to guide a machine or a robotic arm to pick an object and place it somewhere as per requirements.
Artificial Intelligence (AI) Robots Market Application Analysis
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. By application, Military & Defense will lead the market owing to increasing budgetary constraints coupled with the development of innovative and cost-effective robots to accomplish military missions. Healthcare Assistance will influence by use-cases including, robot-assisted surgery, virtual nursing assistants, hospital workflow management, dosage error reduction, clinical trial participant identifier, preliminary diagnosis, and automated image diagnosis.
Regional analysis of Artificial Intelligence (AI) Robots Market
On the basis of region, the Artificial Intelligence (AI) Robots Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific dominates the world Artificial Intelligence (AI) Robots market over the forecast period due to increasing adoption of deep learning and NLP technologies in the vertical industry such as for retail and security applications. North America will boost by availability of high government funding, the presence of leading players in the region, and strong technical adoption base.
The objective of the Study:
To analyze and forecast the market size of the global Artificial Intelligence (AI) Robots Market, in terms of value.
To examine the careful market segmentation and forecast the market size, in terms value, on the basis of the region by segmenting Artificial Intelligence (AI) Robots market into five regions, namely, North America, Europe, Asia Pacific, Middle East, and their leading countries.
To outline, categorized and forecast the global Artificial Intelligence (AI) Robots market on the basis of Robot type, offering, technology, and application.
To examine competitive developments like technological advancement, services, and regulative framework within the global Artificial Intelligence (AI) Robots Market.
To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
Intelligence (AI) Robots Market Competitive Landscape
Companies such as Softbank, Hanson Robotics, Nvidia, Intel, Microsoft, IBM, Alphabet, Harman International Industries, Xilinx, ABB, Fanuc, Kuka, Amazon, Blue Frog Robotics and Promobot are the key players in the global Artificial Intelligence (AI) Robots market.
Key Target Audience:
· Market research and consulting firms
· Industry associations
· Global Artificial Intelligence (AI) Robots Services Provider
· Research organizations and consulting companies
· Global Artificial Intelligence (AI) Robots distributors
· Organizations, associations, and alliances related to Artificial Intelligence (AI) Robots
· Regulatory bodies
Scope of the Report
By Robots Types
· Machine Learning
· Computer vision
· Context awareness
· Military & Defense
· Public Relations
· Healthcare Assistance
· Stock Management
· Research and Space Exploration
In addition, the report provides an analysis of the Artificial Intelligence (AI) Robots Market with respect to the following geographic segments:
· The U.S.
· Rest of Europe
Asia Pacific (APAC)
· Rest of Asia Pacific
· Rest of Latin America
· Saudi Africa
· Rest of Middle-East
Business Questions answer by the report
· How will the market drivers, restraints and opportunities affect the market dynamics?
· What will be the market size in terms of value and volume and market statistics with detailed classification
· Which segment dominates the market or region and one will be the fastest growing and why?
· A comprehensive survey of the competitive landscape and the market participant players
· Analysis of strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:
Additional Company Information
· With five additional company detail analysis.
· Additional country analysis.
· Detailed segment analysis.
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