In a recent published report, Kenneth Research has updated the market report for Artificial Intelligence Robots Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Artificial Intelligence Robots Market products.
Overview:
The global AI robots market is expected to grow at a robust CAGR of 28.24% over the 2018-2023 forecast period. It was valued at USD 2.96 billion in 2017 and is expected to rise to USD 12.01 billion by 2023. AI robotics represents the zenith of robotics as we know it at present. The AI robots market is expected to make smooth progress over the coming years due to widespread popular and government support. AI robots represent the peak of what is technically possible in the robotics field at present and are being used in an increasingly diverse range of applications. The applicability of AI robots is highly diverse and is becoming increasingly diversified as new applications are discovered regularly. The increasing demand for the adoption of AI robots for companionship and entertainment is likely to be a major driver for the global AI robots market over the forecast period.
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On the other hand, the absence of a universal set of AI robot standards could hamper the growth of the AI robots market over the coming years. While AI robots have been a technical masterstroke, different innovations have been attributed to disparate players, leading to a diverse set of standards. As the technology becomes more user-accessible over the coming years, the development of a uniform set of standards can be expected, which would help smoothen the growth of the AI robots market.
The development of AI robots for the assistance of the differently abled and geriatrics is likely to be a major avenue for the global AI robots market over the forecast period. While the application of AI robots for companionship and entertainment has captured the public’s imagination, the immense utility of AI robots means they are more likely to be put to better use in the coming years, with geriatric care and assisting the differently abled likely to be near the top of the list. The healthcare sector would enjoy a considerable boost with the incorporation of AI robots, as the easy programmability of robots would lessen the burden on the primary caregiver and ensure consistency in healthcare delivery.
Segmentation:
The global AI robots market is segmented on the basis of offering, type, technology, application, and region. By offering, the market is divided into software and hardware. Software is segmented into AI platform and AI solutions. While, hardware is segmented into processors, storage devices, and network devices.
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By type, the AI robots market is segmented into service and industrial robots. Service robots are classified into ground, underwater, and aerial. On the other hand, industrial robots are categorized into traditional and collaborative industrial robots. Traditional robots comprise articulated robots, parallel robots, Scara Robots, cartesian robot, and others. By technology, it is segmented into machine learning, context awareness, computer vision, and natural language processing.
Major market applications include law enforcement, military & defense, public relations, personal assistance and care, education & entertainment robots, research & space exploration, agriculture, healthcare, industrial, stock management, and others.
Regional Analysis
Geographically, the AI robots market covers the latest trends in North America, Europe, Asia Pacific, and Rest-of-the-World.
Competitive Analysis
Leading players in the global AI robots market include NVIDIA, ABB, Intel, Microsoft, Alphabet, IBM, Harman International Industries, Xilinx, Fanuc, Kuka, Amazon, Blue Frog Robotics, Promobot, Softbank, Hanson Robots, Mayfield Robotics, Neurala, LG, Asustek Computer, and Jibo.
Report Methodology
Accuracy of the data has been maintained at all cost in the report. The report contains information gathered from primary interviews with the industry’s leading lights as well as information gathered from reliable secondary research. The research is carried out according to a domain-specific formula to ensure the accuracy of the data gathered. A comprehensive look at the market is provided through the report’s granular look at the market’s segmentation, and the use of a top-down and bottom-up approach supports this premise.
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Global AI Robots Market by Offering
Software
AI Platform
AI Solutions
Hardware
Processors
Storage Devices
Network Devices
Global AI Robots Market by Type
Service Robots
Ground
Underwater
Aerial
Industrial Robot
Traditional Industrial Robots
Articulated Robots
Parallel Robots
Scara Robots
Cartesian Robot
Other
Collaborative Industrial Robots
Global AI Robots Market by Technology
Machine Learning
Context Awareness
Computer Vision
Natural Language Processing
Global AI Robots Market by Application
Law Enforcement:
Road Patrol
Riot Control
Military & Defense
Border Security
Search and Rescue Operations
Combat Operations
Spying
Public Relations:
Reception Robots
Tour Guiding Robots
Personal Assistance and Care
Elderly Assistance Robots
Companion Robots
Education & Entertainment robots
Research & Space Exploration
Agriculture
Healthcare
Industrial
Stock Management
Others
Global AI Robots Market by Region
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
Rest-of-the-World
Middle East & Africa
Latin America
About Kenneth Research
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