AI Robots Market Emerging Technologies, Developments, Future Plans and Comprehensive Research Study Till 2023
(firmenpresse) - Market Highlights
Artificially intelligent robots can be described as service and industrial robots, which are integrated with artificial intelligence (AI) technology. AI robots have the ability to certain repetitive tasks with no human intervention and are able to communicate with humans. Sometimes, they are also able to interact with other peer robots. Hardware like AI processors as well as network devices coupled with the AI platform are the primary components that differentiate AI robots from traditional robots.
In its research report, Market Research Future (MRFR), emphasizes that the global AI robots market 2020 is expected to grow exponentially, securing a substantial market valuation from USD 2.96 billion in 2017 to USD 12.01 billion by 2023, and a healthy 28.24% CAGR over the review period.
Rising adoption rate of big data, as well as advanced AI, has majorly benefited the worldwide artificial intelligence robots market. A number of end-use industries are making use of artificial intelligence robots, including retail and business analysis which also augments market demand. Plus, increasing need in the machine interpretation zones, protest observation, and question acknowledgment further stimulate demand for artificial intelligence robots.
Other important factors driving the market growth include high adoption of robots for personal use like for companionship and entertainment along with massive funding from governments for development of modern technologies.
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Competitive Analysis
The major market players operating in the global market as identified by MRFR are NVIDIA, ABB, Intel, Alphabet, Microsoft, Xilinx, IBM, Harman International Industries, Fanuc, Kuka, Amazon, Blue Frog Robotics, Asustek Computer, Promobot, Softbank, Mayfield Robotics, Neurala, Hanson Robots, LG, and Jibo.
Regional Analysis
The global AI robots market is split into the key regions of North America, Asia Pacific (APAC), Europe, and Rest of the World (RoW).
North America stands as the most lucrative market for AI robots market, thanks to the massive development of the robotics sector in the United States (U.S). Fast-paced development of the robotics technology could ensure the region’s dominance in the global market in subsequent years. Booming healthcare sector along with retail and military sectors within the region are embracing robotics, which has given rise to favorable growth prospects for the market in the conjectured period.
Asia Pacific is presumed to have the fastest growth in the global AI robots market over the evaluation period. The expeditious market growth in the region is in response to the rapid technological advancements in countries like India, China and Japan. These countries have noted the emergence of robotics, which is a major field of study.
Factors such as the accelerated adoption rate of customer-centric marketing methods along with increased use of social media for advertising has worked in favor of the Europe market for AI robots. Surge in the demand for virtual assistants also induce market growth in the region.
Segmentation:
The global AI robots market is segmented in terms of offering, type, technology, application, and region.
By offering, the global AI robots market is bifurcated into software and hardware. The software segment is divided into AI platforms and AI solutions, while the hardware segment contains the storage devices, processors, and network devices segments.
Based on the type, the global AI robots market is divided into service robots and industrial robots.
Based on the technology, the global AI robots market is segmented into context awareness, machine learning, computer vision, and natural language processing.
By application, the AI robots market is divided into law enforcement, public relations, military and defense, personal assistance and care, research and space exploration, agriculture, education and entertainment, industrial, healthcare, stock management, and others.
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Datum: 02.09.2020 - 06:47 Uhr
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