Global Artificial Intelligence (AI) Robots Market is expected to reach US$ 16.2 Billion by 2026 from US$ 2.84 Billion in 2017 at a CAGR of 24.32%.
Global Artificial Intelligence (AI) Robots Market is segmented into robot type, offering, technology, and geography. Based on robot type market is splits into services and industrial. The offering is divided into GPU and MPU. Technology is sub segmented into machine learning and computer vision. Based on the applications are public relations, stock management. Region wise divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Major driving factors of Artificial Intelligence (AI) Robots Market are high adoption of robots for private use namely company and entertainment. Support from governments worldwide to build trendy technologies. Restraining factors of Artificial Intelligence (AI) Robots Market are, reluctance to adopt advanced technologies. The absence of standardized laws to stop risks interrelated to a networked and autonomous robot. On the basis of application, AI in robots market for stock management applications is dominating the market during the forecast period. The high penetration rate of e-commerce giants, such as Amazon, Walmart, and Alibaba, worldwide is one of the major factors contributing to the high growth of the AI in robots market for stock management applications.
Based on technology, Machine learning methods are particularly applicable when it comes to powering new insights within the robotics industry as the data sets are large and diverse, and they change quickly. Additionally, machine learning is required for voice recognition, voice search, recommendation engines, sentiment analysis, image recognition, and motion detection applications in smart robots. Based on an offering, Artificial Intelligence (AI) Robots market is segmented on the basis of Software, Processors, and Hardware. The software is segmented into AI Solutions and AI Platforms. Processors are segmented into Storage Devices and Network Devices. In terms of geography, APAC is expected to have majority market share during the forecast period owing to the high adoption of deep learning and NLP technologies for retail and security applications. However, North America is expected to have the second-largest share of the AI in robots market in 2018 because the US is a global leader in adopting AI technology for robots in various application. Key players operate on the market are ABB, Alphabet, Amazon, Asustek Computer, Blue Frog Robotics, Bsh Hausgeräte, Fanuc, Hanson Robotics, Harman International Industries, IBM, Intel, Jibo, Kuka. LG, Mayfield Robotics, Microsoft, Neurala, Nvidia, Promobot, Softbank, Xilinx.
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The scope of the Global Artificial Intelligence (AI) Robots Market:
Global Artificial Intelligence (AI) Robots Market, by Robot Type:
• Service • Industrial
Global Artificial Intelligence (AI) Robots Market, by Offering:
• GPU
• MPU
Global Artificial Intelligence (AI) Robots Market, by Technology:
• Machine Learning
• Computer Vision
Global Artificial Intelligence (AI) Robots Market, by Application:
• Public Relations
• Stock Management
Global Artificial Intelligence (AI) Robots Market, by Geography:
• North America,
• Europe,
• Asia Pacific,
• Middle East &Africa
• Latin America
Key players operating on the Global Artificial Intelligence (AI) Robots Market are
• ABB
• Alphabet
• Amazon
• Asustek Computer
• Blue Frog Robotics
• Bsh Hausgeräte
• Fanuc
• Hanson Robotics
• Harman International Industries
• IBM
• Intel
• Jibo
• Kuka
• LG
• Mayfield Robotics
• Microsoft
• Neurala
• Nvidia
• Promobot
• Softbank
• Xilinx.
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