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Jul, 19 2023

Artificial Intelligence Is Reducing the Human Intervention

Artificial intelligence (AI) is a transformative technology enabling robots to exhibit intelligent behavior, learn from experiences, and autonomously perform various tasks. This integration of AI technology in robots provides significant assistance in both industrial and daily job settings, minimizing the requirement for human intervention. Businesses can use AI-powered robots to improve productivity, efficiency, and safety while reducing labor costs. The growing recognition and adoption of AI-powered robots across diverse sectors, driving market expansion and offering transformative solutions for industries and individuals alike.

According to Data Bridge Market Research, the Artificial Intelligence Robots Market is expected to grow for a CAGR of 20.88% for the forecast period of 2022-2029.

“Adoption of artificial intelligence robots for personal use drive the market”

The rising adoption of artificial intelligence robots for personal use is a key market driver in the artificial intelligence robot market. As advancements in AI technology continue to improve the capabilities of robots, consumers are increasingly embracing the idea of integrating robots into their daily lives. AI robots offer convenience, assistance, and entertainment, making them desirable for tasks such as household chores, companionship, and personal assistance. The growing acceptance and demand for AI robots for personal use are propelling market growth as manufacturers and developers focus on creating user-friendly, customizable, and affordable solutions to cater to this expanding consumer segment.

What restraints the growth of the artificial intelligence robots market?

“Lack of a skilled workforce hinders the market”

One of the major restraints in the artificial intelligence robots market is the lack of a skilled workforce. The development and deployment of artificial intelligence robots require expertise in areas such as robotics, machine learning, and programming. However, the demand for skilled professionals in these fields often outpaces the available talent pool, leading to a shortage of qualified individuals. This shortage hampers the widespread adoption and implementation of AI robots, limiting the market's growth potential and posing a challenge for businesses seeking to leverage these technologies.

Segmentation: Artificial Intelligence Robots Market

The artificial intelligence robots market is segmented on the basis of robot types, offering, technology, and vertical.

  • On the basis of robot types, the artificial intelligence robots market is segmented into services, and industrial.
  • On the basis of offering, the artificial intelligence robots market is segmented into hardware and software.
  • On the basis of technology, the artificial intelligence robots market is segmented into machine learning, natural language processing (NLP), and context awareness and computer vision.
  • On the basis of vertical, the artificial intelligence robots market is segmented into military and defense, law enforcement, personal assistance and caregiving, public relations, education and entertainment, research and space exploration, industrial, agriculture, healthcare assistance, stock management, and others.

Regional Insights: Asia-Pacific dominates the artificial intelligence robots market

Asia-Pacific's dominance in the artificial intelligence robots market is driven by the widespread adoption of deep learning and natural language processing (NLP) technologies, particularly in the retail and security sectors. This trend is expected to continue during the forecast period, solidifying Asia-Pacific's position as the leading region for artificial intelligence robot deployment.

North America is projected to experience significant growth in the adoption of AI technology for robots across various applications during the forecast period. This trend highlights the region's commitment to leveraging advanced technologies, driving innovation, and capitalizing on the potential benefits offered by AI-powered robots in diverse industries.

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The Prominent Key Players Operating in the Artificial Intelligence Robots Market Include:

  • ABB (Switzerland)
  • FANUC UK Ltd. (U.K.)
  • KUKA AG (Germany)
  • Universal Robots A/S (Denmark)
  • Robolink (Germany)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • Krones AG (Germany)
  • Sidel Group (France)
  • Toshiba Corporation (Japan)
  • Asic Robotics AG (Switzerland)
  • Columbia/Okura LLC (U.S.)
  • Clearpath Robotics Inc. (Canada)
  • Fetch Robotics, Inc. (U.S.)
  • OMRON Corporation (Japan)
  • BA Systèmes SAS (France)
  • KION GROUP AG (Germany)
  • Midea Group (China)
  • Bastian Solutions, Inc. (U.S.)

Above are the key players covered in the report, to know about more and exhaustive list of artificial intelligence robots market companies contact,

Research Methodology: Global Artificial Intelligence Robots Market

Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.

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