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November 11, 2020

Artificial Intelligence (AI) Robots Market Expected to Witness a Sustainable Growth over 2027

The Global Artificial Intelligence (AI) Robots Marketis projected to reach a value of over USD 29.7 billion by 2027 at a CAGR of around 28.3%.

The Artificial Intelligence (AI) is the ability of a digital computer or computer controlled robot, to perform tasks which is mostly associated with intelligence beings. Whereas, advanced robotics arms as well as the other industrial robots are being widely used in modern factories. Also, the traditional robotics is uses artificial intelligence techniques to program robot behaviors as well as to works toward robots as technical devices that have to be developed and controlled by a human engineer. Moreover, artificial intelligence (AI) is one of the common presence in robotic solutions, which introducing flexibility as well as the learning capabilities in previously rigid applications.

Hence, 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.

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Artificial Intelligence (AI) Robots Market: Drivers & Restraints

Market Driver:

  • Increasing Demand for Military & Defense Applications

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. Moreover, in 2018, the Pentagon committed to spend of about USD 2 billion over the next five years through the Defense Advanced Research Projects Agency (DARPA) to boost the next wave of AI technologies.

Furthermore, the Foundation for Advanced Research Projects has opened the National Center for the Development of Technology and Basic Elements of Robotics. Also, the Israel was one of the first countries to reveal the deployed fully automated robots for the self-driving military vehicles to patrol the border with the Palestinian-governed Gaza Strip.

Hence, in 2018 the South Korea’s Defense Acquisition Program Administration (DAPA) has introduce a new plan to enhance its national military industrial with an significance on boosting Industry 4.0 technology such as big data analytics, AI, and robotics.

Market Restraints:

  • High Costs for Implementations of Artificial Intelligence

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. However, with the creation of artificial intelligence required a huge amount of investment as it is a complex machine. Also, the repair and maintenance of the machine required a large amount of cost. Moreover, these technologies contain software programs in which need to update as per the requirements or by the environment.

Hence, the cost of repair as well as implementation is very high which may lead to hamper the growth of the market in the forecast period.

Artificial Intelligence (AI) Robots Market: Key Segments

  • Segmentation based on Robot Type: Service Robots and Industrial Robots.
  • Segmentation based on Technology: Machine Learning, Context Aware Processing, Computer Vision and Natural Language Processing (NLP).
  • Segmentation based on Offering: Hardware, Software and Services.
  • Segmentation based on Application: Military & Defense, Healthcare Assistance, Personal Assistance, Public Relation, Education, Industrial, Agriculture, Stock Management and Other.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Artificial Intelligence (AI) Robots Market: Report Scope

The report on the artificial intelligence (AI) robots market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Artificial Intelligence (AI) Robots Market include:

  • HANSON ROBOTICS LTD (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • SoftBank Group Corp.
  • NVIDIA Corporation
  • Intel Corporation
  • Microsoft
  • IBM Corporation
  • Alphabet
  • Xilinx
  • ABB
  • Fanuc Corp
  • Other Key Companies
    • KUKA AG
    • Veo Robotics, Inc.
    • Promobot Corp.
    • Vicarious AI

Artificial Intelligence (AI) Robots Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Artificial Intelligence (AI) Robots Market, by Robot Type

  • Service Robots
  • Industrial Robots

Artificial Intelligence (AI) Robots Market, by Technology

  • Machine Learning
  • Context Aware Processing
  • Computer Vision
  • Natural Language Processing (NLP)

Artificial Intelligence (AI) Robots Market, by Offering

  • Hardware
    • Storage Device
    • Network Device
  • Software
  • Services
    • Installation
    • Training
    • Support and Maintenance

Artificial Intelligence (AI) Robots Market, by Application

  • Military & Defense
  • Healthcare Assistance
  • Personal Assistance
  • Public Relation
  • Education
  • Industrial
  • Agriculture
  • Stock Management
  • Other

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Artificial Intelligence (AI) Robots Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rising Adoption of Robots in Medical Sector
      2. Growing Penetration Rate of E-Commerce
    3. Restraint
      1. High Costs for Implementations of Artificial Intelligence
      2. Data Inefficiency in Building AI Algorithms
    4. Opportunities
      1. Increasing Government Support for Artificial Intelligence in Robotic Devices
      2. Increasing Demand for Military & Defense Applications
      3. Rising Awareness of Highly Automated Robots
    5. Challenges
      1. Lack of Standardized Regulations to Reduce Risks Associated With Autonomous Robots
      2. Slow Rate of Technologically Advanced in Robots
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL ARTIFICIAL INTELLIGENCE (AI) ROBOTS MARKET BY ROBOT TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Service Robots
    3. Industrial Robots
  7. GLOBAL ARTIFICIAL INTELLIGENCE (AI) ROBOTS MARKET BY TECHNOLOGY, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Machine Learning
    3. Context Aware Processing
    4. Computer Vision
    5. Natural Language Processing (NLP)
  8. GLOBAL ARTIFICIAL INTELLIGENCE (AI) ROBOTS MARKET BY OFFERING, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hardware
      1. Storage Device
      2. Network Device
    3. Software
    4. Services
      1. Installation
      2. Training
      3. Support and Maintenance
  9. GLOBAL ARTIFICIAL INTELLIGENCE (AI) ROBOTS MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Military & Defense
    3. Healthcare Assistance
    4. Personal Assistance
    5. Public Relation
    6. Education
    7. Industrial
    8. Agriculture
    9. Stock Management
    10. Other
  10. GLOBAL ARTIFICIAL INTELLIGENCE (AI) ROBOTS MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  11. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  12. COMPANY PROFILES
    1. HANSON ROBOTICS LTD.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. SoftBank Group Corp.
    3. NVIDIA Corporation
    4. Intel Corporation
    5. Microsoft
    6. IBM Corporation
    7. Alphabet
    8. Xilinx
    9. ABB
    10. Fanuc Corp
    11. Other Key Companies
      1. KUKA AG
      2. Veo Robotics, Inc.
      3. Promobot Corp.
      4. Vicarious AI
  13. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

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November 11, 2020, 13:00
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