Artificial Intelligence (AI) Robots Market: Summary
The Global Artificial Intelligence (AI) Robots Market is projected to reach a value of over USD 29.7 billion by 2027 at a CAGR of around 28.3%.
The Artificial Intelligence (AI) is the ability of a digital computer or computer controlled robot, to perform tasks which is mostly associated with intelligence beings. Whereas, advanced robotics arms as well as the other industrial robots are being widely used in modern factories. Also, the traditional robotics is uses artificial intelligence techniques to program robot behaviors as well as to works toward robots as technical devices that have to be developed and controlled by a human engineer. Moreover, artificial intelligence (AI) is one of the common presence in robotic solutions, which introducing flexibility as well as the learning capabilities in previously rigid applications.
Hence, the AI concepts are being applied to humanoid, mobile and other classes of robots. These will lead to boost the demand of the market in the forecast period.
Artificial Intelligence (AI) Robots Market: Drivers & Restraints
- Increasing Demand for Military & Defense Applications
With the increasing demand for military & defense applications is witness to boost the growth of the market in the forecast period. Whereas, advanced targeting and lethality automated system (ATLAS) program, a branch of DARPA will use artificial intelligence and machine learning to give ground-combat vehicles autonomous target capabilities. Moreover, in 2018, the Pentagon committed to spend of about USD 2 billion over the next five years through the Defense Advanced Research Projects Agency (DARPA) to boost the next wave of AI technologies.
Furthermore, the Foundation for Advanced Research Projects has opened the National Center for the Development of Technology and Basic Elements of Robotics. Also, the Israel was one of the first countries to reveal the deployed fully automated robots for the self-driving military vehicles to patrol the border with the Palestinian-governed Gaza Strip.
Hence, in 2018 the South Korea’s Defense Acquisition Program Administration (DAPA) has introduce a new plan to enhance its national military industrial with an significance on boosting Industry 4.0 technology such as big data analytics, AI, and robotics.
- High Costs for Implementations of Artificial Intelligence
One of the major key concern of the market is AI market is the high costs for implementations of artificial intelligence which may hamper the market growth. However, with the creation of artificial intelligence required a huge amount of investment as it is a complex machine. Also, the repair and maintenance of the machine required a large amount of cost. Moreover, these technologies contain software programs in which need to update as per the requirements or by the environment.
Hence, the cost of repair as well as implementation is very high which may lead to hamper the growth of the market in the forecast period.
Artificial Intelligence (AI) Robots Market: Key Segments
- Segmentation based on Robot Type: Service Robots and Industrial Robots.
- Segmentation based on Technology: Machine Learning, Context Aware Processing, Computer Vision and Natural Language Processing (NLP).
- Segmentation based on Offering: Hardware, Software and Services.
- Segmentation based on Application: Military & Defense, Healthcare Assistance, Personal Assistance, Public Relation, Education, Industrial, Agriculture, Stock Management and Other.
- Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
Artificial Intelligence (AI) Robots Market: Report Scope
The report on the artificial intelligence (AI) robots market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2021-2027 (2021 estimated year, forecasted up to 2027)
Value (USD Million)
Robot Type, Technology, Offering, Application, and Region
North America, Asia-Pacific, Europe, Middle East & Africa, South America
Key Companies Covered
- HANSON ROBOTICS LTD (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- SoftBank Group Corp.
- NVIDIA Corporation
- Intel Corporation
- IBM Corporation
- Fanuc Corp
- Other Key Companies
- KUKA AG
- Veo Robotics, Inc.
- Promobot Corp.
- Vicarious AI
Artificial Intelligence (AI) Robots Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Artificial Intelligence (AI) Robots Market, by Robot Type
- Service Robots
- Industrial Robots
Artificial Intelligence (AI) Robots Market, by Technology
- Machine Learning
- Context Aware Processing
- Computer Vision
- Natural Language Processing (NLP)
Artificial Intelligence (AI) Robots Market, by Offering
- Storage Device
- Network Device
- Support and Maintenance
Artificial Intelligence (AI) Robots Market, by Application
- Military & Defense
- Healthcare Assistance
- Personal Assistance
- Public Relation
- Stock Management
Artificial Intelligence (AI) Robots Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions Answered By The Report
- What are the prominent developments affecting the market worldwide and its growth?
- What will be the impact of the developments in the market on the industry and on the market players in the future?
- What are the evolving variations of the market globally?
- What are the evolving functions of the market globally?
- What are the prominent aspects that will affect market growth globally during the study period?
- Who are the key players operating in the market across the globe?
- How are the key players leveraging in the present market scenario worldwide?
- Artificial Intelligence (AI) Robots Market Providers
- Artificial Intelligence (AI) Robots Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Artificial Intelligence (AI) Robots Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE ARTIFICIAL INTELLIGENCE (AI) ROBOTS MARKET STUDY