Artificial Intelligence (AI) Robots Market to Reach USD 29.7 Billion by 2027 | CAGR 28.3% – Forencis Research

Artificial Intelligence (AI) Robots Market - Global Industry Analysis and Forecast 2020 to 2027

Global Artificial Intelligence (AI) Robots Market: Key Highlights

  • According to the new market research report Artificial Intelligence (AI) Robots Market by Robot Type (Service Robots, Industrial Robots), by Technology (Machine Learning, Context Aware Processing, Computer Vision and Natural Language Processing (NLP)), by Offering (Hardware, Software and Services), by Application (Military & Defense, Healthcare Assistance, Personal Assistance, Public Relation, Education, Industrial, Agriculture, Stock Management and Other), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)”, the global Artificial Intelligence (AI) Robots Market is estimated to reach USD 29.7 Billion by 2027 at a CAGR of around 28.3% during the review period.
  • Artificial Intelligence (AI) has is one of the common presence in robotic solutions, which introducing flexibility as well as the learning capabilities in previously rigid applications.
  • Moreover, 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

Global Artificial Intelligence (AI) Robots Market: Key Market Dynamics

  • 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.
  • 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.
  • Rising adoption of robots in medical sector and growing penetration rate of e-commerce will also boost the growth of the market in the forecast period.
  • Lack of standardized regulations to reduce risks associated with autonomous robots as well as the slow rate of technologically advanced in robots is lead to create a challenging factor for the growth of the market.

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Global Artificial Intelligence (AI) Robots Market: Regional Overview

  • North America:

The North America regional sect, is had projected that the tremendous growth in the adoption of robots in the manufacturing sector of the region which is projected to boost the Artificial Intelligence robots market. Moreover, the region is also leading the market with its merger-and-acquisition as well as the companies like Google, IBM, Intel has been acquiring startups to have boost the latest technologies.

Hence, these will lead to boost the growth of the market in the forecast period.

  • Asia-Pacific:

The region is anticipate of play a major role for the growth and developments of the market in the forecast period. Whereas, the one of the major factor driving the adoption rate is the increasing population in the region. Also, the rising adoption of technological development in the region is projected to boost the growth of the market in the region. According to IFR World Robotics, the Asia has accounted for more than 60% of industrial robot shipment in 2018.

Hence, the region has deploying robotics in various end-user industries such as manufacturing, retail, and healthcare. These trend will lead to boost the growth of the market in the forecast period.

Global Artificial Intelligence (AI) Robots Market: Key Players Overview

  • NVIDIA Corporation:

Nvidia Corporation is an American multinational technology, which designs graphics processing units for the gaming as well as for professional market.  Whereas, he NVIDIA Isaac Software Development Kit (SDK) has brings intelligence to robots. These platform comes stacked with comprehensive tools, GPU-enabled algorithms, and pre-trained capabilities to boost the development workflows for robotics applications.

Hence, , the company and FANUC Corporation had announced a collaboration in Japan to implement artificial intelligence (AI) on the FANUC Intelligent Edge Link and Drive (FIELD) system.

  • Microsoft:

Microsoft Corporation is an American multinational technology company, which develops, manufactures, supports, as well as sells computer software, consumer electronics, and personal computer. Whereas, intelligence robotics use AI to enhance the collaboration in between device and user. Also, the Microsoft AI enables the next generation robots to boost the communication naturally with people. Hence, the combining AI with the robotics help to create smarter autonomous system.

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Published : 2020-09-10