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Artificial Intelligence Robots Market

Artificial Intelligence Robots Market Size, Share & Segmentation by Product (Services and Instrument & Accessories), by Applications (Military & Defense, Public Relations, Healthcare Assistants, Industrial, Stock Management, Research, and Space Exploration), by Technology (Machine learning, Computer Vision, Awareness), by Offering (Software and Hardware), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/ICT/1752 | June 2022 | Region: Global | 130 Pages

Report Scope & Overview:

The Artificial Intelligence Robots market size was valued at USD7.3Bn in 2021 and is expected to reach USD 64.28 Bn by 2028, and grow at a CAGR of 36.45% over the forecast period 2022-2028.

Traditional Robotics programs golem behaviors using Artificial Intelligence planning techniques and views robots as technical devices that should be created and directed by a personality engineer. Ideas from artificial intelligence are being used for automatons, mobile robots, and other types of robots. The primary market growth driving variables might include the expanding acceptance of Artificial Intelligence (AI) robots for personal use and more government assistance for the development of trendy technologies. Increased emphasis on reducing human errors in industrial operations, increased development of business robots, rising conversion in various industries such as banking, financial services, and insurance (BFSI), and strengthening the IT industry in developing economies such as the Republic of India and China may stifle market growth.

Artificial Intelligence Robots Market

In 2022, Accenture, the world's largest consulting business, has agreed to buy Pollux, a developer of industrial robotics and automation systems. Accenture made the acquisition as part of its ambition to improve its digital manufacturing, operations, and supply chain capabilities. It will broaden the company's capabilities for clients in the consumer products, pharmaceutical, and automotive industries looking to improve the productivity, safety, and sustainability of their factories, plants, and supply chains. The acquisition's financial parameters have not been revealed.

MARKET DYNAMICS:

KEY DRIVERS:

  • Robots are often used for personal purposes.

  • Governments all throughout the world have pledged their support.

  • The use of AI robots in the healthcare business is on the rise.

  • Demand for industrial robots is increasing.

RESTRAINTS:

  • Lack of willingness to accept new technology.

  • There are no uniform standards in place to protect people from the dangers of networked and autonomous robots.

OPPORTUNITY:

  • Concentrate on designing robots that work and bring value in certain application situations.

  • The need for AI-based robots to assist the elderly is growing as the world's population ages.

  • Increasing robotics investments based on artificial intelligence.

CHALLENGES:

  • Developing artificial intelligence to assist robots in making better judgments and keeping them safe for humans.

  • Robots take a long time to market and have a high maintenance cost.

IMPACT OF COVID-19:

The COVID-19 epidemic has had an influence on practically every aspect of civilization. The pandemic has had a favorable influence on some sectors of the business realm, while the epidemic has had a detrimental impact on others. The COVID-19 epidemic has had both a beneficial and bad influence on the artificial intelligence robotics industry. The high use of these robots across the healthcare industry to aid and treat covid-19 infected patients from a distance has had a good impact. However, the entire or partial lockout, as well as the stoppage of manufacturing facilities, has had a severe influence on AI robot production and supply. The development of artificial intelligence robots was impeded as a result of this epidemic. Due to the epidemic, the use of AI robots in many industrial verticals has expanded to prevent human interaction.

MARKET ESTIMATION:

Government, Energy, Defense, Agriculture & Forestry, Media & Entertainment, Civil Engineering & Archaeology, and Others are the market segments based on Robot Type. The AI robotics market was dominated by service robots, which is expected to increase at the fastest rate over the projected period. It's because businesses are becoming increasingly interested in automating routine tasks.

Stock management accounted for the biggest share of the AI robots’ market in 2021, and it is predicted to increase at a substantial rate throughout the forecast period. Warehouse stock management, retail shop stock management, and manufacturing stock management are all examples of areas where robots are commonly used. Sorting, sequencing, and delivery are three of the most important duties done by robots in stock management.

KEY MARKET SEGMENTS:

On The Basis of Product

  • Services

  • Instrument & Accessories

 On The Basis of Applications

  • Military & Defense

  • Public Relations

  • Healthcare Assistants

  • Industrial

  • Stock Management

  • Research and Space Exploration

On The Basis of Technology

  • Machine learning

  • Computer Vision

  • Awareness

On The Basis of Offering

  • Software

  • Hardware

Artificial Intelligence Robots Market

REGIONAL ANALYSIS:

In 2021, North America accounted for a significant portion of the worldwide Artificial Intelligence (AI) robot market. The market in the area is being driven by increased industrialization and investment in new manufacturing systems. The artificial intelligence (AI) robot market is also dominated by the Asia Pacific and Europe. This is due to the presence of numerous large international firms in these areas that provide solutions to end-users in the automotive, industrial, and other manufacturing industries.

The Middle East and Africa artificial intelligence (AI) robot industry is likewise rising steadily, providing profitable prospects for worldwide artificial intelligence (AI) robot suppliers. The demand for AI robots has been spurred by a growth in Internet access and digitalization efforts in most of nations. However, the technology is still in its infancy and must overcome several obstacles before being widely adopted in a variety of end-use applications.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are ABB, Anki, Robotics Hanson, Inc., Blue Frog Robotics, CloudMinds, Mayfield Robotics, Nvidia Corporation, Promobot LLC, UBTech Robotics Limited, and Brain Corporation.

Artificial Intelligence Robots Market Report Scope:
Report Attributes Details
Market Size in 2021  US$ 7.3 Bn
Market Size by 2028  US$ 64.28 Bn
CAGR   CAGR of 36.45% From 2022 to 2028
Base Year  2021
Forecast Period  2022-2028
Historical Data  2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Product (Services and Instrument & Accessories)
• by Applications (Military & Defense, Public Relations, Healthcare Assistants, Industrial, Stock Management, Research, and Space Exploration)
• by Technology (Machine learning, Computer Vision, Awareness)
• by Offering (Software and Hardware)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles ABB, Anki, Robotics Hanson, Inc., Blue Frog Robotics, CloudMinds, Mayfield Robotics, Nvidia Corporation, Promobot LLC, UBTech Robotics Limited, and Brain Corporation
Key Drivers • Robots are often used for personal purposes
• Governments all throughout the world have pledged their support
Market Opportunities • The need for AI-based robots to assist the elderly is growing as the world's population ages
• Increasing robotics investments based on artificial intelligence

 


Frequently Asked Questions (FAQ) :

Ans: - The Artificial Intelligence Robots market size was valued at USD7.3Bn in 2021.

Ans: - Robots are often used for personal purposes and Governments all throughout the world have pledged their support.

Ans: - The AI robotics market was dominated by service robots, which is expected to increase at the fastest rate over the projected period.

Ans: - The major key players are ABB, Anki, Robotics Hanson, Inc., Blue Frog Robotics, CloudMinds, Mayfield Robotics, Nvidia Corporation, Promobot LLC, UBTech Robotics Limited, and Brain Corporation.

Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Artificial Intelligence Robots Market Segmentation, by Product

8.1 Services

8.2 Instrument & Accessories

 

9. Artificial Intelligence Robots Market Segmentation, by Applications

9.1 Military & Defense

9.2 Public Relations

9.3 Healthcare Assistants

9.4 Industrial

9.5 Stock Management

9.6 Research and Space Exploration

 

10. Artificial Intelligence Robots Market Segmentation, by Technology

10.1 Machine learning

10.2Computer Vision

10.3 Awareness

 

11. Artificial Intelligence Robots Market Segmentation, by Offering

11.1 Software

11.2 Hardware

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profiles

13.1 ABB

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2. Anki

13.3 Robotics Hanson, Inc.

13.4 Blue Frog Robotics

13.5 CloudMinds

13.6 Mayfield Robotics

13.7 Nvidia Corporation

13.8 Promobot LLC

13.9 UBTech Robotics Limited

13.10 Brain Corporation

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

 

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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