Growing adoption of automated machinery, as well as Artificial Intelligence (AI), enabled robots in personal use such as commercial applications has propelled the demand for artificial intelligence in robotics. Moreover, with improved IT infrastructure across the globe, the market will show robust demand over the forecasted period. Global AI in Robotics market covers services, technologies, platforms, hardware, software, sensors, electronic equipment, and many others. The AI enabled robots can even communicate the same as humans as well as with other peer robots.
According to AMA, the market for Artificial Intelligence Robotics is expected to register a CAGR of 27.84% during the forecast period to 2026. This growth is primarily driven by Increasing Applications of Robots for Personal Use including Entertainments and Companionship and Growing Automation and Robotics Infrastructure is Enhancing the Global Demand.
Globally, a noticeable market trend is evident Increasing Demand of Artificially Intelligent Robots in Household Applications
. The Robotics & Automation sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as NVIDIA (United States), Intel (United States), IBM (United States), Microsoft (United States), Xilinx (United States), Alphabet (United States), Softbank (Japan), Hanson Robotics (China), Amazon (United States) and Blue Frog Robotics (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On February 4th, 2019, Intel Capital has invested in a four-year-old company “Catalytic” which helps organizations to process the respective data faster with more accurate results by coordinating through bots, people and artificial intelligence simultaneously. This investment was followed by the two investment agreements with Fornix and Pliops, which has enabled these firms to manufacture highly automated systems. The overall investment was valued collectively at 30 million dollars.
Isaac Asimov has developed the Robot Manufacturing Regulations and rules so that they are unable affect, hamper or injure humans in the surrounding Area. Under this point of Governance he has developed 3 laws of robotics including Robots may not injure a human being, must obey orders (unless they go against the First Law) and must protect themselves (unless to do so conflicts with the First or Second Law). Moreover, many regulatory bodies and Government Agencies have formed number of laws for minimizing vulnerabilities.
- Increasing Applications of Robots for Personal Use including Entertainments and Companionship
- Growing Automation and Robotics Infrastructure is Enhancing the Global Demand
- Increasing Demand of Artificially Intelligent Robots in Household Applications
- Introduction to Unmanned Assistance Systems in the Farming Industry and Proliferation of AI Enabled Drones
- Impossible to Adopt Continues Technological Enhancements in Existing Technologies
- Lack of Standardized Regulations to minimize Risks Associated with Autonomous Robots
Concentration in Developing AI enabled Robots in Numerous Special Purpose Application where the robots can generate Maximum Return on Investment and Growing Awareness about Highly Automated Robots in Underdeveloped Countries
Robust Initial Investment for AI enabled Robot Development and Longer Lead Time in Commercializing Robots due to Stringent Government Regulations
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Artificial Intelligence Robotics Study Sheds Light on
The Artificial Intelligence Robotics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Artificial Intelligence Robotics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Artificial Intelligence Robotics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.