Artificial Intelligence Robots Market 2021 with Strategies to Boost Growth, Manufactures, Types, Applications, Status and Outlook to 2023

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New York, United States, Fri, 08 Jan 2021 06:22:48 / Comserve Inc. / -- While AI robots have been a technical masterstroke, different innovations have been attributed to disparate players, leading to a diverse set of standards

Market Synopsis

The Artificial Intelligence Robots Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe's organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

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As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

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

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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

In a global economy, a significant change in the industry makes it essential for professionals to keep themselves updated with the recent market situations. Kenneth Research provides market research reports to different individuals, industries, associations, and organizations with the aim of helping them to take prominent decisions. Our research library comprises of more than 100,000 research reports provided by more than 25 market research publishers across different industries.

For more information, please contact:

David

Kenneth Research
Email: sales@kennethresearch.com
Tel: +1-(347)-627-0064

The post Artificial Intelligence Robots Market 2021 with Strategies to Boost Growth, Manufactures, Types, Applications, Status and Outlook to 2023 appeared first on Comserveonline.

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