Global Artificial Intelligence Robots Market, By Robot Types (Services and Industrial), Offering (Hardware and Software), Technology (Machine Learning, Computer Vision, Context Awareness and Natural Language Processing), Vertical (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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Surge in the rate of adoption of advanced technologies such as artificial intelligence especially in the developing economies, growth and expansion of various end user verticals and rising adoption of industrial robots by small and medium scale enterprises are the major factors attributable to the growth of the botnet detection market. Data Bridge Market Research analyses that the artificial intelligence robots market will exhibit a CAGR of 20.88% for the forecast period of 2022-2029.
Artificial intelligence is a technology that replicates the intelligent behaviour and learns and performs activities or operations on its own. Therefore, robots installed with artificial intelligence technology help in assisting in many forms of industrial and daily jobs, thereby reducing the need for human interference.
Rising adoption of artificial intelligence robots for personal use and increasing government support to develop modern technologies will emerge as the major market growth driving factors. Surging focus on reducing the human errors in the industrial operations, growing commercialization of industrial robots, rising digitization in various industries such as banking, financial services and insurance (BFSI) and strengthening IT industry in developing economies such as India and China will further aggravate the growth of the market. Rising deployment of 5G infrastructure and the rising demand for intelligent virtual assistants are some other factors bolstering the growth of the market.
However, lack of skilled workforce and technological expertise in underdeveloped and developing economies will act as a growth restraint for the market. Also, high cost of installation for low-volume production applications will yet again hamper the market growth rate. Unwillingness to adopt new technologies and absence of regulations to control risks will also hamper the market growth rate.
This artificial intelligence robots market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on artificial intelligence robots market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Artificial Intelligence Robots Market Scope and Market Size
The artificial intelligence robots market is segmented on the basis of robot types, offering, technology and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Based on robot types, the artificial intelligence robots market is segmented into services, and industrial. Service robots are sub-segmented into ground, aerial and underwater. Industrial robots are sub-segmented into traditional industrial robots and collaborative industrial robots. Traditional industrial robots are further segmented into articulated robots, scara robots, parallel robots, cartesian robots and other robots.
- Based on offering, the artificial intelligence robots market is segmented into hardware and software. The hardware segment is sub segmented into storage devices, network devices and processors. The software segment is sub segmented into AI platforms and AI solutions.
- Based on technology, the artificial intelligence robots market is segmented into machine learning, natural language processing (NLP), and context awareness and computer vision.
- Based on 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. Military and defense is sub-segmented into spying, search and rescue operations, border security and combat operations. Law enforcement is sub-segmented into road patrolling, riot control. Personal assistance and caregiving is sub-segmented into elderly assistance, companionship and security and surveillance. Public relation is sub-segmented into reception care at commercial places and tour guidance.
Global Artificial Intelligence Robots Market Country Level Analysis
The artificial intelligence robots market is analysed and market size, volume information is provided by country, robot types, offering, technology and vertical as referenced above.
The countries covered in the artificial intelligence robots market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the artificial intelligence robots market and will continue to flourish its trend of dominance during the forecast period owing to the rise in high adoption of deep learning and NLP technologies for retail and security applications. North America will continue to undergo substantial gains during the forecast period. This is because of the adopting AI technology for robots in various applications.
The country section of the artificial intelligence robots market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Artificial Intelligence Robots Market Share Analysis
The artificial intelligence robots market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to artificial intelligence robots market.
Some of the major players operating in the botnet detection market ABB, FANUC UK Ltd., YASKAWA ELECTRIC CORPORATION., KUKA AG, Universal Robots A/S, Robolink, Kawasaki Heavy Industries, Ltd., Krones AG, I.M.A. INDUSTRIA MACCHINE AUTOMATICHE S.P.A., Sidel Group, Toshiba Corporation., Asic Robotics AG, Columbia/Okura LLC, Clearpath Robotics Inc., Fetch Robotics, Inc., OMRON Corporation, BA Systèmes SAS, KION GROUP AG, Midea Group and Bastian Solutions, Inc., among others.