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AI Robots Market by Forecast to 2021 to 2027 with Covid-19 Impact Analysis and Future Business Opportunities

AI Robots Market Overview

In its research report, Market Research Future (MRFR), emphasizes that the global AI Robots Market 2021 is expected to grow exponentially, securing a substantial market valuation from USD 2.96 billion in 2017 to USD 12.01 billion by 2023, and a healthy 28.24% CAGR over the review period. The research study offers a substantial knowledge platform for entrants and investors as well as veteran companies also focussing on AI Robots market analysis, market size, share, revenues, recent developments & forecast.

Drivers and Restraints

Driven by the secure consumer base and government support, the AI robot market is expected to make smooth progress in the coming years. AI robots are the pinnacle of what is technologically feasible in the field of robotics and are being used in increasingly diverse applications. AI robots are incredibly diverse in applicability and are becoming increasingly diversified as new technologies are discovered continuously. Over the review period, the growing demand for the adoption of AI robots for companionship and entertainment is likely to be a significant driver for the global AI robot market. The development of AI robots for the assistance of the differently-abled and geriatrics is likely to be a significant avenue for the global AI robot market over the forecast period.

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Although the use of AI robots for companionship and entertainment has caught the imagination of the public, the enormous utility of AI robots means that they are more likely to be put to practical use in the coming years, with geriatric treatment and supporting the otherwise-abled likely to be manage to the top of the list. Through the introduction of AI robotics, the healthcare sector will receive a tremendous boost, as the robots' simple programmability will reduce the burden on the primary caregiver and ensure continuity in healthcare delivery.

On the other hand, the lack of a consistent set of AI robot standards could hamper the growth of the market for AI robots in the coming years. Although AI robots were a technological masterstroke, numerous inventions were credited to different players resulting in a diverse collection of standards.

AI Robots Market Segmentation

AI Robots Market by Offering

Software

AI Platform
AI Solutions
Hardware

Processors
Storage Devices
Network Devices
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

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AI Robots Market by Technology

Machine Learning
Context Awareness
Computer Vision
Natural Language Processing
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
Regional Analysis

The geographical overview of the global market has been conducted in four major regions, including the Asia Pacific, North America, Europe, and the rest of the world.

Thanks to the fast growth of the robotics industry in countries such as the US, North America is the leading regional market for AI robots. Rapid robotics technology growth is likely to ensure North America's supremacy over the projected period on the global AI robots market. The healthcare sector, as well as the region's retail and military sectors are highly supportive towards robotics, leading to favorable growth prospects over the forecast period for the AI robots industry.

Due to the rapid technological growth in countries like China, India and Japan, where robotics has emerged as a foremost field of study in recent years, Asia Pacific is anticipated to be the fastest rising regional market for AI robots over the review period.

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AI Robots Market Key Players

The major market players operating in the global market as identified by MRFR are -

NVIDIA
ABB
Intel
Alphabet
Microsoft
Xilinx
IBM
Harman International Industries
Fanuc
Kuka
Amazon
Blue Frog Robotics
Asustek Computer
Promobot
Softbank
Mayfield Robotics
Neurala
Hanson Robots
LG
About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact:

Market Research Future

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: [email protected]

Website: https://www.marketresearchfuture.com

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