AI Robots Market Segmentation, Growth Potential, Comprehensive Analysis, Technological Advancement, Development Status and Strategic Assessment
Market Research Future presents a new half-cooked research
report on the global AI robots market. The report contains a detailed look into
the market’s present conditions, enabling an accurate assessment of the
market’s growth potential in the 2018-2023 forecast period. According to the
report, the global AI robots market is expected to grow at a robust CAGR of
28.24% over the 2018-2023 forecast period. The AI robots market was valued at
USD 2.96 billion in 2017 and is expected to rise to USD 12.01 billion by 2023.
The global AI robots market is driven primarily by the
growing demand for AI robots for companionship and entertainment purposes.
Apart from this, the use of AI robots in the healthcare sector is also expected
to rise, as they have the potential to be immensely useful in geriatric care
and in caring for disabled and mentally challenged individuals. The steady
technological progression of the AI robots industry is likely to lead to the
creation of innovative new models with a wide range of applications in the
coming years, driving the AI robots market at a stable growth rate. The
development of AI robots has captured the public’s imagination in a big way and
is likely to retain popular support in the coming years, along with government
support in terms of funding for research and innovation.
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Major Key players
·
NVIDIA
·
Intel
·
Microsoft
·
Alphabet
·
IBM
·
Harman
International Industries
·
Xilinx
·
Fanuc
Segmentation:
The global AI robots market is segmented in terms of
offering, type, technology, application, and region.
By offering, the global AI robots market is segmented into
software and hardware. The software segment is further divided into AI
platforms and AI solutions, whereas the hardware segment contains the
processors, storage devices, and network devices segments. The software segment
is leading the global AI robots market at present, however, the hardware
segment is expected to exhibit the fastest growth rate over the forecast
period.
By type, the global AI robots market is bifurcated into
service robots and industrial robots. Industrial robots is likely to be the
fastest growing segment over the forecast period and is further sub-segmented
into traditional industrial robots and collaborative industrial robots.
By technology, the global AI robots market is segmented into
machine learning, context awareness, computer vision, and natural language
processing. Machine learning is the leading segment in the global AI robots
market at present, but is likely to be shaded by the computer vision segment
over the forecast period.
By application, the AI robots market is segmented into law
enforcement, military and defense, public relations, personal assistance and
care, education and entertainment, research and space exploration, agriculture,
healthcare, industrial, stock management, and others. Stock management AI
robots are expected to rise at the fastest growth rate over the forecast
period, aided by the rapid growth of the retail and ecommerce sector and the
rising adoption of AI tools in the same. The military and defense segment is
the leading contributor to the AI robots market at present.
Regional Analysis:
Geographically, the global AI robots market is segmented
into North America, Europe, Asia Pacific (APAC), and Rest of the World. North
America is the leading regional AI robots market at present due to the strong
development of the robotics sector in countries such as the U.S. Rapid
development of robotics technology is likely to ensure North America’s
dominance in the global AI robots market over the forecast period. The
healthcare sector as well as the retail and military sectors in the region are
highly welcoming towards robotics, leading to favorable growth prospects for
the AI robotsmarket over the forecast period.
Asia Pacific is likely to be the fastest growing regional
market for AI robots over the forecast period due to the rapid technological
development in countries such as China, India, and Japan, where robotics has
emerged as a major field of study in recent years.
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List of Tables
Table1 North
America Global AI Robots Market: By Country, 2018-2023
Table2 Europe Global
AI Robots Market: By Country, 2018-2023
Table3 Asia
Pacific Global AI Robots Market: By Country, 2018-2023
Table4 The
Middle East & Africa Global AI Robots Market: By Country, 2018-2023
Table5 Latin
America Global AI Robots Market: By Country, 2018-2023
Table6 North
America Global AI Robots Market, By Country
Table7 North
America Global AI Robots Market, By Offering
Table8 North
America Global AI Robots Market, By Type
Table9 North
America Global AI Robots Market, By Technology
Table10 North
America Global AI Robots Market, By Application
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