Artificial Intelligence (AI) Robots Market Will Hit USD
TOKYO, July 12 2022 (GLOBE NEWSWIRE) — The Global artificial intelligence robot market The size was valued at USD 6,214 million in 2021 and is expected to reach USD 66,662 million by 2030, growing at a CAGR of 30.5% during the forecast period from 2022 to 2030.
Human-robot interaction is becoming more mainstream as robots make everyone’s life easier and more comfortable, and hence the market for AI robots is growing. AI, or Artificial Intelligence in Robotic Systems, is the implementation of AI technology in robots to allow them to perform repetitive tasks more efficiently without human intervention. AI also enables robots to communicate with other autonomous systems. For entrepreneurs, robotic systems will prove to be a more efficient and profitable workforce. Companies in the most labor-intensive industries are increasingly integrating AI robots. AI-integrated bots are expected to be used by large companies in specialized areas that require top talent. The development of new big data analysis tools is also expected to result in a growing market for AI robots.
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|Market||artificial intelligence robot market|
|Market size 2021||$6,214 million|
|Market Forecast 2030||$66,662 million|
|CAGR from 2022 to 2030||30.5%|
|Analysis period||2018 – 2030|
|Year of reference||2021|
|Forecast data||2022 – 2030|
|Segments Covered||By offer, by type of robot, By technology, by application and by geography|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||SoftBank, Blue Frog Robotics, NVIDIA, Harman International Industries, Intel, Alphabet, IBM, Hanson Robotics, Xilinx, Microsoft, ABB and Fanuc.|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
|Scope of customization||10 a.m. free customization and expert advice|
Aspects of Artificial Intelligence Robots Market Growth
The market for artificial intelligence in robotics is expected to grow rapidly in the coming years as industries recognize the powerful combination of two different technologies that provides several benefits in automated project and procedural processes. Robotic systems with artificial intelligence enable industry sectors to become more adaptable in their procedures. Technology enables robots to learn, which is crucial for many application areas. Business owners would be able to dramatically increase their time savings and production efficiency, and make their workplace safer for human employees. The integration of robotics and artificial intelligence can also increase the likelihood of human employees. Then intelligence would be supplemented at this point for AI, which would seamlessly connect machine to machine for efficiency improvements. Businesses use robots because they are more productive when performing repetitive tasks. Tasks can be completed at breakneck speed and pinpoint accuracy. When combined with AI, these robotic systems can integrate procedures and then perform tasks autonomously, eliminating the need for human intervention. This advantage would emerge as one of the key drivers for the future growth of AI in robotics.
During the forecast period, rising demand for industrial and service robots propels the artificial intelligence (AI) robots market. The implementation of automation and technology, along with the integration of robotic technology into manufacturing techniques, has enabled industrial organizations to devote more attention to a variety of demanding projects. This has improved quality, decreased risk for affiliates performing difficult tasks, and reduced overall operational costs. As labor inflation rises, technology and automation are emerging as viable options. Robots can perform repetitive tasks faster and more consistently than humans.
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Impact of COVID-19 on the AI Robots Market
The global COVID-19 outbreak has influenced many economies and societies following the strict government-imposed shutdown to control the spread of COVID-19 viruses. This crisis has hurt a wide range of industries, including commercial and industrial production, oil and natural gas, and more. Individual travel is severely restricted around the world and the distribution system for goods and services is completely disrupted. As a result, the expansion of various businesses all over the world has been hampered. Similarly, during the pandemic, the market for artificial intelligence (AI) robots has been lukewarm. Due to labor shortages, many companies have embraced the automation of their business processes. In the post-pandemic era, however, the healthcare industry is critical to the long-term viability of the artificial intelligence (AI) robot industry.
Regional Overview of Artificial Intelligence Robots Market
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa is the regional classification of the global artificial intelligence (AI) robots market. North America is a leading pioneer and innovator in the implementation of robotics, as well as one of the largest economies in the world. The increased adoption of automated material handling and developments such as lightless automated processes, increased warehouse automation, and growing use of such automatons across a wide range of industries are driving the growth of the market. The robots of the future will be able to sense their environment in real time via each connected sensor, innately learn from their environment and use natural language arithmetic operations, and preserve their hardware by predicting failures and being repaired by other robots thanks to to technological advances. These market trends are expected to improve for robots over the forecast period.
Segmentation of the AI robots market
The global artificial intelligence (AI) robots market has been segmented by Acumen Research and Consulting on the basis of supply, robot type, technology, and application. On the basis of supply, the market is divided into software and hardware. Based on robot type, the market has divided into service robots and industrial robots. Based on technology, the market is categorized into machine learning, context awareness, computer vision, and natural language processing. Based on application, the market is segmented into inventory management, agriculture, industrial, military & defense, law enforcement, security & surveillance, education & entertainment, medical assistance, and others.
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Artificial Intelligence Robots Market Players
Softbank, Blue Frog Robotics, NVDIA, Harman International Industries, Intel, Alphabet, IBM, Hanson Robotics, Xilinx, Microsoft, ABB, and Fanuc are some of the major global players in the artificial intelligence (AI) robot industry.
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Mr. Richard Johnson
Acumen Research and Consulting
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