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.
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.
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.
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.
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.
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.
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
Instrument & Accessories
On The Basis of Applications
Military & Defense
Research and Space Exploration
On The Basis of Technology
On The Basis of Offering
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
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.
|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|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
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
8.2 Instrument & Accessories
9. Artificial Intelligence Robots Market Segmentation, by Applications
9.1 Military & Defense
9.2 Public Relations
9.3 Healthcare Assistants
9.5 Stock Management
9.6 Research and Space Exploration
10. Artificial Intelligence Robots Market Segmentation, by Technology
10.1 Machine learning
11. Artificial Intelligence Robots Market Segmentation, by Offering
12. Regional Analysis
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company Profiles
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.3 Robotics Hanson, Inc.
13.4 Blue Frog Robotics
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
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