Artificial Intelligence Robots Market Overview by Recent Trends and Forecast 2024 - 2030
This report offers a thorough evaluation of the global Artificial Intelligence Robots Market. It features a comprehensive overview of the financial performance, qualitative analysis and verifiable data from authentic sources.
The cobots are designed to detect emergency situations, and their smart features enable them to alert human first responders with details of the incident. This helps to increase the speed of response.
The global Artificial Intelligence Robots Market is projected to grow at a promising pace during the forecast period, owing to the increasing demand for robotic technologies in various applications such as healthcare assistance, companionship, security guard, and others. Moreover, the increasing aging population across the globe will also boost the demand for AI-based elderly care robots.
The market for AI Robots is divided into several segments based on the type of robot, technology, offering, and application. The market for AI in robots is dominated by the machine learning segment, which acquired 37% of the market share in 2022 and represented USD 1.5 billion in value, according to Apollo Research Reports. This segment is followed by NLP and context awareness, which gained 29% and 11% of the market shares, respectively.
Artificial Intelligence Robots is expected to grow rapidly at a 37.56% CAGR consequently, it will grow from its existing size of from $11.45 Billion in 2023 to $48.56 Billion by 2030
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Competitive Landscape of the Artificial Intelligence Robots Market
- ABB
- AIBrain, Inc.
- Alphabet
- Argo AI, LLC
- Blue Frog Robotics & Buddy - Emotional Robot
- Brain Corporation
- CloudMinds Technology Inc.
- DataRobot, Inc.
- Fanuc
- Hanson Robotics Ltd.
- Harman International Industries
- IBM Corporation
- Intel Corporation
The use of AI in robots enables them to be more intelligent and enhance their performance. Moreover, the integration of AI in robots allows them to learn from previous experiences and adapt to new situations.
It also helps them make decisions and perform tasks on their own. This will lead to faster responses and better results, which is important for the medical industry. Moreover, these intelligent machines can help in improving the productivity of an organization by providing real-time insights into operations and processes. Furthermore, they can also improve communication between humans and robots.
Trend
As robots become more intelligent, they can handle more complicated tasks. For example, robots can now recognize the contents of a package without the need for a label, thanks to deep learning technology. In addition, they can be taught to learn from their mistakes and improve performance over time. This is helping to drive the growth of the AI robots market.
Companies like Boston Dynamics are using AI to make their robots more agile. They are able to improve the movement and actions of their machines by analyzing data from sensors and cameras. They can also use this information to detect and respond to changing conditions in the environment. This has led to a significant increase in productivity and a reduction in production errors.
Another industry that is seeing a rise in the use of AI robots is the law enforcement sector. This is due to the fact that AI can be used to train robots to diffuse bombs and rescue people during natural disasters. These functions are worrying scholars and policymakers, as they could dehumanize warfare.
AI robots are also being used in the medical sector. These can help to diagnose and treat diseases, and also help to train surgeons. This is a great way to save time and money for the healthcare industry. However, there are a number of challenges that need to be addressed before this type of technology can be widely adopted by hospitals.
Growth Driver
The growing automation across diverse industrial verticals is one of the major growth drivers in the AI Robots market. Robotics allows for unprecedented adaptability, scale and speed in manufacturing.
AI gives robotics programming and manufacturing platforms the ability to learn from previous tasks, understand data and predict future behavior. This allows the robots to become more efficient over time.
The increasing aging population worldwide boosting the demand for AI-based robots for elderly assistance is another factor driving the market. Furthermore, the integration of AI-based speech recognition and natural language processing in these robots helps to provide more human-like services.
These are expected to improve the user experience and drive the market growth over the forecast period.
Additionally, the integration of smart AI technology in robots enhances its safety and security. It enables the robot to identify and respond to threats and emergencies, as well as monitor security systems, and communicate with humans to understand their needs. This enables the robot to make better decisions and save lives.
The AI robots can perform complex tasks such as identifying the presence of fire or a hazardous substance, and alerting first-responders to the location of the threat. They can also handle emergency situations entirely on their own, directing people to safety or offering basic first aid equipment.
The AI robots can be programmed to react to a variety of situations using computer vision, machine learning, context awareness and natural language processing.
Segmentation & Regional Analysis
The AI robots market has been segmented on the basis of technology, offering, application, and geography. The technology segment of the AI robots market includes computer vision, machine learning, context awareness, and natural language processing (NLP).
In terms of offering, the AI robots market is divided into hardware and software. The applications of AI robots are classified into medical, defense, and commercial. The military is one of the major users of AI robots and uses them for various purposes including armed missions, search, rescue, and combat.
The aging population worldwide is driving the demand for AI robots for elderly assistance. Additionally, companies are adopting AI robots in their workplace to enhance the productivity and efficiency of their employees.
Moreover, the use of these robots in healthcare facilities helps to establish a better connection between a doctor and the patient.
Increasing investments are likely to boost the market growth of AI robots. In addition, the integration of these robots with other systems such as enterprise resource planning (ERP) and manufacturing execution system (MES) is facilitating mass customization and design-for-manufacturing.
This is helping manufacturers to save time and increase their production rates. The integration of AI robots with these systems is also enabling them to provide accurate data, thus facilitating decision-making. The report provides detailed market analysis and projections based on proven research methodologies.
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