Artificial Intelligence in Robots Market
Artificial Intelligence in Robots Market is expected to grow from USD 2.81 Billion in 2017 to USD 26.28 Billion by 2026, at a CAGR of 28.2% between 2017 and 2026. Artificial Intelligence is nothing but a machine which mimics human cognition so as to achieve the successful results. Artificial intelligence in robots can sort the information and provide the best possible options for operation, which would be impossible for a human being to perform. It is the ability of a machine to think, learn and respond. Key factors driving the growth of the Artificial Intelligence in Robots Market include ageing population, High adoption of robots for personal use, such as companionship and entertainment; increase in capital investments by robot companies, personalization services trends, robot mobility, and rising adoption of cloud-based applications and services in the robot industry support from governments worldwide to develop modern technologies; and financial assistance through government budgets or subsidies. The development of software to handle robots by using sensors and make them AI-embedded is a difficult task and is one of the major factors restraining the growth of the AI robots market. Service robots are expected to hold the major share and grow at a high rate during the forecast period. Robotics in business will accelerate due to less expensive hardware and improvements in AI lead to improved cost structures and increased integration with enterprise software systems respectively. Use of Artificial Intelligence in robotics will generate the huge amount of data, thus creating opportunities for data analytics and AI-enabled decision support systems. Robotics as a Service, Cloud Robotics, and General Purpose Robotics is among the emerging areas for enterprise robotics. APAC is expected to hold the largest share and is expected to grow at the highest rate in Artificial Intelligence in Robots Market during the forecast period, owing to the fact that countries such as China, Japan, India, and the Republic of Korea contribute to the growth of the AI robots market in APAC. Key Highlights: • The report analyzes opportunities in the market for stakeholders by identifying the high-growth segments of the Artificial Intelligence in Robots Market, strategically profiles key market players, and comprehensively analyzes their market size and core competencies in each segment • Complete analysis with respect to individual growth trends are incorporated within the scope of our study • Assessment of market definition along with the identification of key drivers, restraints opportunities for Artificial Intelligence in Robots Market • Comprehensive analysis of factors that are instrumental in changing the market scenario, prospective opportunities, market shares, growth strategies along with identification of key companies are profiled • Detailed quantitative analysis of the current and future trends for the forecast period has been profiled • Artificial Intelligence in Robots Market analysis and segmentation with respect to the offering, type, end-user application and geography • Artificial Intelligence in Robots Market analysis and forecast for five major geographies- North America, Europe, Asia Pacific, Middle East & Africa and Latin America along with their key regions Years that have been considered for the study are as follows: • Base Year – 2016 • Estimated Year – 2017 • Forecast Period – 2017 to 2026 For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered Research Methodology: Bloomberg, Hoovers, Factiva are some of the sites that are being referred to gain insights about Artificial Intelligence in Robots Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to Artificial Intelligence in Robots Market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of Artificial Intelligence in Robots Market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Artificial Intelligence in Robots Market globally.
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