In the world economic growth, the Artificial Intelligence Robotics Industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Artificial Intelligence Robotics market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2019, SMI analysts believe that in the next few years, Artificial Intelligence Robotics market size will be further expanded, we expect that by 2024, The market size of the Artificial Intelligence Robotics will reach XXX million $.
Artificial Intelligence (AI) robotics is the use of AI in autonomous machines. It involves use of Robot Operating Systems (ROS), programming language, robotic fundamentals, and other software and tools.
Launch of on-demand training platforms is expected to propel growth of the global artificial intelligence robotics market over the forecast period. For instance, in April 2020, Nvidia announced to offer on-demand workshops about robotics and AI online through its GTC Digital network.
Moreover, emergence of pandemic is also expected to boost growth of the market. For instance, in March 2020, Walmart, the U.S.-based retailer and private employer, increased the roll out of Brain Corp's self-driving robots in the U.S., owing to the COVID-19 pandemic. Moreover, in April 2020, Milagrow Business & Knowledge Solutions (Pvt.) Limited, a consumer robotics company, deployed two AI-powered robots at AIIMS Delhi, a hospital in India, for service in the hospital’s Covid-19 ward.
Increasing adoption of AI robots in the education sector is expected to offer lucrative growth opportunities for players in the global artificial intelligence robotics market. For instance, in April 2020, AKA, a developer of AI educational social robot Musio, completed distribution and installation of Musio to Jeju Mureung Innovation Elementary and Middle School in South Korea.
Moreover, increasing adoption of AI robotics in the industrial sector is also expected to aid in growth of the market. For instance, in April 2020, UST Global, a multinational provider of digital technology and transformation, partnered with GreyOrange, a provider of AI robotics, to leverage AI and machine learning to optimize fulfillment operations.
However, use of AI in robots, especially in the defense and military sector, can be devastating. Moreover, AI trained and programmed to do something beneficial may adopt destructive approaches to achieve a goal. Such scenario is expected to hinder growth of the global artificial intelligence robotics market.
Key Takeaways:
- Major players in the market are focused on adopting collaboration and partnership strategies to expand their product portfolio. For instance:
- April 2020: Fenergo, a provider of digital transformation, solutions for financial institutions, partnered with IBM for an original equipment manufacturing of solutions that combine Fenergo’s CLM offering with IBM’s RegTech portfolio of anti-money laundering (AML) and know-your-client (KYC) solutions
- April 2020: Temi USA Inc., a provider of AI personal robots, partnered with Connected Living, a provider of technology solutions to seniors and families, under which the later will be distribution partner for Temi powered by Connected Living, an interactive robot for senior living and healthcare facilities.
- Major players operating in the global artificial intelligence robotics market include, NVIDIA, Intel, IBM, Microsoft, Xilinx, Softbank, and Hanson Robotics
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers. If you need more information, please contact SMI
Section 1: Definition
Section (2 3): Manufacturer Detail
╼ NVIDIA
╼ Intel
╼ IBM
╼ Microsoft
╼ Xilinx
╼ Softbank
╼ Hanson Robotics
Section 4: Region Segmentation
╼ North America Country (United States, Canada)
╼ South America
╼ Asia Country (China, Japan, India, Korea)
╼ Europe Country (Germany, UK, France, Italy)
╼ Other Country (Middle East, Africa, GCC)
Section (5 6 7): Segmentation
Product Type Segmentation:
╼ Service Robots
╼ Industrial Robots
Industry Segmentation:
╼ Military & Defense
╼ Law Enforcement
╼ Healthcare Assistance
╼ Education and Entertainment
╼ Personal Assistance and Caregiving
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2019-2024)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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