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.
Market Driver:
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.
Market Restraints:
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.
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.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) |
Segments Included |
Robot Type, Technology, Offering, Application, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Artificial Intelligence (AI) Robots Market, by Robot Type
Artificial Intelligence (AI) Robots Market, by Technology
Artificial Intelligence (AI) Robots Market, by Offering
Artificial Intelligence (AI) Robots Market, by Application
Artificial Intelligence (AI) Robots Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE ARTIFICIAL INTELLIGENCE (AI) ROBOTS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY